GOC (Pakistan) Limited
By PSX Investors Zone · Updated October 24, 2026
GOC (Pakistan) Limited (PSX: GOC) is a Pakistani sports goods manufacturer based in Sialkot. Incorporated in 1964, the company manufactures and sells cricket balls, hockey balls, and other sporting goods. Its business includes supplying products under its own brand and manufacturing for other brands. For the financial year ended June 30, 2026, GOC reported revenue of approximately Rs508.78 million, profit after tax of Rs52.47 million, and earnings per share of Rs7.14. Compared with FY2025, revenue increased from Rs472.32 million and profit after tax rose from Rs25.83 million. However, operating cash flow was negative in FY2026, making cash conversion an important area for investors to examine. GOC was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on December 2025 financial statements. Its reported non-compliant income ratio was 0.23%. **Important regulatory risk:** The official PSX profile displays a Risk Warning Alert concerning continuous violation of specified exchange clauses and the risk of trading suspension or delisting. This alert is material and should be reviewed alongside the company's financial performance and Shariah status. Sources: [PSX profile and financials](https://dps.psx.com.pk/company/GOC) | [FY2026 financial statements](https://dps.psx.com.pk/download/document/282979.pdf) | [Official Shariah screening](https://dps.psx.com.pk/download/attachment/277899-1.pdf)
GOC (Pakistan) Limited (PSX: GOC) is a sports goods manufacturing company based in Sialkot, Pakistan. Incorporated on June 2, 1964, the company was converted into a public limited company on April 17, 1986. Its principal business is the manufacturing and sale of cricket balls, hockey balls, and other sports goods.
Business Overview
GOC manufactures cricket balls using hand-stitched and machine-stitched production methods. Its product range also includes hockey balls, including products marketed under the Chingford name. According to the company's website, it operates as both a retail brand and an original equipment manufacturer, supplying products to other brands.
The company's business performance can be influenced by domestic and export demand, production costs, raw-material availability, product quality, customer relationships, and competition in international sports goods markets.
Official source: GOC Pakistan
Financial Performance
The company's reported standalone financial results for the years ended June 30 are summarised below.
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Revenue | Rs508.78 million | Rs472.32 million |
| Gross profit | Rs174.55 million | Rs163.06 million |
| Profit after tax | Rs52.47 million | Rs25.83 million |
| Earnings per share | Rs7.14 | Rs3.51 |
Revenue increased by approximately 7.7% in FY2026, while profit after tax more than doubled from the previous year. The increase in profitability should be assessed against operating costs, other income, taxation, and the company's relatively small revenue base.
The FY2026 statements report profit from operations of approximately Rs71.68 million and finance costs of approximately Rs1.12 million. These figures provide additional context for evaluating operating performance and financing exposure.
Cash-flow consideration: Net cash used in operating activities was approximately Rs54.62 million in FY2026, compared with positive operating cash flow of approximately Rs21.47 million in FY2025. This divergence between accounting profit and operating cash flow is important. Investors should review movements in inventory, receivables, payables, and other working-capital items to understand the reason.
Sources: Official PSX financial profile | FY2026 financial statements
Dividend Information
The company's FY2026 financial statements record a final dividend of Rs1 per share for FY2025. PSX announcements also show a credit of final cash dividend dated October 23, 2026. Investors should consult the official payout history and relevant corporate announcements for the applicable entitlement dates and payment details.
Dividend history alone does not establish that future dividends will continue. A useful assessment compares distributions with earnings, cash generation, and the company's operating requirements.
Source: PSX announcements and payouts
Shariah Compliance
GOC was classified as Shariah-compliant in the PSX KMI All Share screening published on May 29, 2026, using financial statements available through December 2025.
The screening reported a non-compliant income ratio of 0.23%. This ratio is the published screening figure for the relevant review period; it should not be interpreted as the company's current ratio indefinitely. Investors should check subsequent official screening notices, particularly as the revised screening framework and future recompositions may change eligibility.
Shariah compliance and regulatory listing status are separate considerations. A compliant classification does not remove the exchange-related risk described below.
Source: Official PSX KMI screening notice
Important PSX Risk Warning Alert
The official PSX company profile displays the following warning:
“The Company is in continuous violation as specified in Clauses 5.11.1. or 5.11.2. and carry risk of suspension of trading or being delisted from the Exchange and may be subject to such terms and conditions as specified by the Exchange.”
This warning should be treated as a material risk. Readers should check the latest PSX announcements and verify whether the alert remains in force before drawing conclusions about the company's listing status. Shariah-compliant classification does not resolve this separate regulatory issue.
Source: Official PSX company profile — GOC
Fundamental Analysis: What Investors Should Monitor
Investors researching GOC may focus on the following factors:
- Revenue growth: Examine domestic and export demand, customer orders, and the contribution of different product lines.
- Profit margins: Compare gross and net margins over several years to identify whether improved profitability is sustainable.
- Operating cash flow: Investigate why FY2026 operating cash flow was negative despite higher reported profit.
- Working capital: Monitor inventories, trade receivables, payables, and cash balances.
- Dividend sustainability: Compare dividends with earnings and cash generated from operations.
- Customer and export concentration: Assess dependence on major customers, brands, and overseas markets where information is available.
- Regulatory status: Monitor the PSX Risk Warning Alert and subsequent exchange announcements.
- Shariah screening: Reconfirm eligibility using the latest official PSX KMI All Share screening.
Frequently Asked Questions
What is GOC (Pakistan) Limited's PSX symbol?
The company's Pakistan Stock Exchange symbol is GOC.
What does GOC manufacture?
Its main products include cricket balls, hockey balls, and other sports goods.
What were GOC's FY2026 revenue and profit?
The company reported revenue of approximately Rs508.78 million and profit after tax of approximately Rs52.47 million for the year ended June 30, 2026.
Is GOC Shariah-compliant?
It was classified as compliant in the PSX KMI All Share screening published in May 2026, based on December 2025 financial statements. Investors should check for a newer screening update.
Does GOC have a PSX Risk Warning Alert?
Yes. The official PSX company profile displays a warning about continuous violations of specified exchange clauses and possible suspension of trading or delisting. Verify the latest status directly with PSX.
Official Research Links
This profile is for educational purposes and is not a recommendation to buy or sell any security.