International Industries (INIL) – PSX Company Profile

International Industries Limited (PSX: INIL) is a Pakistani engineering and manufacturing company established in 1948. It manufactures and markets galvanized steel pipes, precision steel tubes, API line pipes, structural hollow sections, stainless-steel tubes, polymer pipes, and fittings. The company also provides customized construction solutions. For FY2026, PSX-reported standalone figures show sales of approximately Rs29.07 billion, profit after taxation of Rs1.60 billion, and earnings per share of Rs12.16. INIL was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning potential trading suspension or delisting, which investors should investigate through current official announcements.

Important PSX Risk Warning Alert

The Pakistan Stock Exchange company page currently displays the following Risk Warning Alert:

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.

Investors should check the latest PSX announcements to understand the nature and current status of the underlying violations. This warning is a material listing and trading risk and should not be overlooked when assessing the company. Its Shariah-compliant classification is a separate matter and does not remove the regulatory warning.

Source: Official PSX company profile — INIL.

Company Overview

International Industries Limited (PSX: INIL) is a Pakistani engineering and manufacturing company incorporated on March 1, 1948. The company is part of the Amir S. Chinoy Group and has been listed on the Pakistan Stock Exchange since 1984.

The company manufactures and markets galvanized steel pipes, precision steel tubes, API line pipes, structural hollow sections, stainless-steel tubes, polymer pipes, and fittings. It also provides customized construction solutions for industrial and infrastructure-related requirements.

Its products serve customers in sectors such as construction, infrastructure, energy, water distribution, and industrial manufacturing. Demand from these markets, along with raw-material prices and production costs, can influence its financial performance.

The company's registered office is at 101, Beaumont Plaza, 10 Beaumont Road, Karachi, Pakistan. Its financial year ends on June 30.

Sources: PSX company profile and official company website.

Products and Business Model

International Industries operates across steel and polymer piping products. Its main product categories include:

Galvanized steel pipes: Used in a variety of construction and infrastructure applications.
Precision steel tubes: Supplied for industrial and engineering requirements.
API line pipes: Products used in qualifying pipeline applications.
Structural hollow sections: Used in building and structural applications.
Stainless-steel tubes: Products for applications requiring stainless-steel characteristics.
Polymer pipes and fittings: Piping systems for relevant water, infrastructure, and industrial applications.
Construction solutions: Customized offerings for selected project requirements.

The company's performance depends on construction and industrial demand, infrastructure spending, steel and polymer input prices, energy costs, exchange rates, competitive pricing, and capacity utilisation.

Financial Performance

PSX-reported annual financial data for the year ended June 30, 2026, shows the following standalone figures:

Financial metric	FY2026	FY2025
Sales	Rs29.07 billion	Rs25.10 billion
Profit after taxation	Rs1.60 billion	Rs1.10 billion
Earnings per share	Rs12.16	Rs8.37

The reported figures indicate higher sales and profit in FY2026 than in FY2025. Investors should also review the audited annual report and cash-flow statement to assess operating cash generation, borrowings, finance costs, capital expenditure, and working-capital requirements.

These figures are standalone rather than consolidated. Group-level performance may differ because consolidated results include applicable subsidiaries and consolidation adjustments.

Source: PSX financials and announcements.

Shariah Compliance Status

International Industries Limited was classified as Compliant in the official PSX-KMI All Share Index recomposition dated May 29, 2026, using accounts as of December 31, 2025.

The published screening ratios were:

Debt ratio: 12.37%
Non-compliant investment ratio: 2.28%
Non-compliant income ratio: 0.09%
Illiquid assets ratio: 86.95%

These figures relate to the stated screening period and methodology. Shariah status can change as financial statements are updated and future screening reviews are conducted. Verify the latest official PSX-KMI publication before relying on this classification.

Source: Official PSX-KMI recomposition notice.

Dividend and Shareholder Information

International Industries publishes financial results, dividend announcements, annual reports, and other material disclosures through the Pakistan Stock Exchange. Investors should consult the latest company announcements to distinguish dividends recommended by the board from those approved by shareholders or subsequently credited.

For current payout details, use the official PSX company announcements and payouts page.

Key Risks to Consider

Regulatory and listing risk: The PSX company page displays a Risk Warning Alert concerning continuous violations and potential suspension or delisting. Check for subsequent notices and updates before drawing conclusions about the current status.

Industrial demand: Slower construction, infrastructure activity, or industrial investment can affect product demand.

Raw-material prices: Steel, polymer inputs, energy, and freight costs can influence margins and working capital.

Competition and pricing: Domestic and international competitors may affect market share and selling prices.

Foreign-exchange exposure: Currency movements may affect imported inputs, export competitiveness, and financial results.

Working capital and financing: Inventory, receivables, borrowings, and finance costs can influence cash flow and profitability.

Shariah screening changes: The cited compliance status applies to a defined review period and should be rechecked periodically.

How Investors Can Research INIL

Before evaluating INIL, review the latest annual report, quarterly financial statements, PSX announcements, cash-flow statement, borrowings, dividend disclosures, and updates related to the Risk Warning Alert. Compare profit margins and cash generation across several years, and distinguish standalone results from consolidated group performance.

A company may report improving sales and earnings while still facing significant regulatory, operational, valuation, or liquidity risks. Investors should consider these factors together rather than relying on one financial ratio or the Shariah classification alone.

Official Resources

This profile supports company research and investor education. Historical financial results and Shariah screening status do not guarantee future performance or continued compliance.

This profile is for educational purposes and is not a recommendation to buy or sell any security.

International Industries Limited