• Lucky Core Industries Limited
By PSX Investors Zone · Updated October 27, 2026
Lucky Core Industries Limited (PSX: LCI), formerly ICI Pakistan Limited, is a diversified Pakistani manufacturing and trading company and a subsidiary of Lucky Cement Limited. Its businesses span soda ash, polyester, specialty chemicals, pharmaceuticals, animal health, and agricultural products. Explore its FY2026 financial performance, latest quarterly results, dividend history, valuation factors, business segments, and important PSX regulatory disclosures.
Company Overview
Lucky Core Industries Limited (PSX: LCI) is a diversified Pakistani manufacturing and trading company incorporated in 1953 as Khewra Soda Ash Company. Over time, the business expanded into chemicals and other industrial and consumer-related markets. The company was formerly known as ICI Pakistan Limited and adopted the name Lucky Core Industries Limited in December 2022.
In 2012, Lucky Holdings Limited acquired a majority shareholding in the company. LCI is now a subsidiary of Lucky Cement Limited.
The company manufactures and markets a range of products used in industrial production, consumer goods, healthcare, agriculture, and other sectors.
- PSX symbol: LCI
- Sector: Chemical
- Year incorporated: 1953
- Parent company: Lucky Cement Limited
- Headquarters: 5 West Wharf, Karachi, Pakistan
- Official website: https://www.luckycore.com/
- Official PSX profile: https://dps.psx.com.pk/company/LCI
Business Segments
Lucky Core Industries operates across several business areas:
- Soda Ash: Supplies soda ash used in applications such as glass manufacturing, detergents, and other industrial processes.
- Polyester: Produces polyester staple fibre and related materials used by textile and other manufacturers.
- Chemicals: Manufactures and markets specialty chemicals, sodium bicarbonate, polyurethanes, and other chemical products.
- Pharmaceuticals: Manufactures, markets, and distributes pharmaceutical products, including toll-manufactured products.
- Animal Health: Supplies products for animal healthcare.
- Agri Sciences: Markets seeds and agricultural products.
The diversity of these businesses gives LCI exposure to several sectors of the Pakistani economy. However, each segment faces different market conditions, including industrial demand, import competition, energy costs, raw-material prices, regulation, and currency movements.
Official reference: Lucky Core Industries.
FY2026 Financial Performance
The financial summary displayed on the official PSX company page reports the following annual figures for the year ended June 30, 2026:
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs. 113,214.45 million | Rs. 120,013.16 million |
| Profit after taxation | Rs. 9,692.01 million | Rs. 11,638.41 million |
| EPS | Rs. 20.99 | Rs. 25.20 |
Based on these figures, sales declined by approximately 5.7% year over year, while profit after taxation decreased by approximately 16.7%. EPS also declined from Rs. 25.20 to Rs. 20.99.
These results highlight the importance of examining both revenue and margins. Investors should review the annual report for segment-level performance, cost of sales, finance costs, taxation, cash flow, and the factors behind the reduction in annual earnings.
Data note: The PSX financial summary states that its financial data may be standardized and can differ from the company's original reported figures. Use the audited annual report as the primary source when publishing a detailed financial analysis.
Sources:
Latest Quarterly Results — September 2026
On October 27, 2026, Lucky Core Industries announced results for the first quarter ended September 30, 2026.
| Consolidated financial metric | Q1 FY2027 | Q1 FY2026 |
|---|---|---|
| Net turnover | Rs. 29,904.03 million | Rs. 28,622.42 million |
| Gross profit | Rs. 5,402.11 million | Rs. 6,163.86 million |
| Operating profit | Rs. 2,832.55 million | Rs. 3,777.38 million |
| Profit after taxation | Rs. 1,624.09 million | Rs. 2,151.60 million |
| EPS | Rs. 3.52 | Rs. 4.66 |
Net turnover grew by approximately 4.5%, but profit after taxation declined by about 24.5%. Gross profit fell by approximately 12.4%, while operating profit declined by around 25.0%.
Reported pressures included a faster increase in cost of sales than turnover, higher finance costs, and a larger exchange loss. The consolidated results also reflected a lower tax charge and a higher share of profit from an associate.
The board recommended no cash dividend for the quarter.
The contrast between rising sales and lower earnings makes gross-margin recovery, cost control, finance costs, and segment-level performance important areas to monitor.
Sources:
Dividend History and Shareholder Returns
At its Annual General Meeting held on September 25, 2026, shareholders approved a final cash dividend of Rs. 5.25 per ordinary share for the year ended June 30, 2026. The company subsequently announced that the dividend was credited electronically to entitled shareholders on October 7, 2026.
Shareholders who had not provided the required CNIC and complete bank-account information were advised that their payments were being withheld until the required details were supplied.
No cash dividend was recommended for the quarter ended September 30, 2026.
Investors should distinguish between a proposed dividend, shareholder approval, and actual payment. Past distributions do not guarantee future dividends; dividend sustainability should be assessed alongside earnings, cash flow, debt, and capital requirements.
Official sources:
Share Price and Valuation
Share prices and valuation ratios change with market conditions. On October 26, 2026, the PSX company page displayed a quote of approximately Rs. 190.35 and a trailing-twelve-month P/E ratio of 9.07x, based on unconsolidated financials.
These figures are a dated snapshot, not a live quote. Refresh the PSX page before publishing any current share-price or valuation statement.
When analysing LCI, investors should consider:
- Current price relative to reported earnings and future earnings prospects.
- Segment-level sales and profit trends.
- Gross and operating margins.
- Finance costs, exchange-rate movements, and working-capital needs.
- Cash generation and debt management.
- Dividend payments relative to earnings and cash flow.
- Market valuation compared with relevant listed companies.
A low P/E ratio does not automatically indicate an undervalued stock. Earnings trends, business risks, and the sustainability of future cash flows are also important.
Important PSX Regulatory Warning
The official PSX company profile displays a continuous-violation warning. It states that the company is in continuous violation of specified PSX clauses and carries a risk of suspension of trading or delisting from the Exchange.
This is a material disclosure for investors and should not be overlooked. Readers should open the official PSX profile to review the current warning and any subsequent notices. Do not assume that the issue has been resolved without confirmation from the Exchange.
Official source: PSX — Lucky Core Industries Limited.
Shariah Screening and Index Information
LCI has published Shariah-related disclosures, including a revised disclosure for the half year ended December 31, 2025. However, investors should not assume that historical screening information confirms current eligibility.
For Shariah-sensitive investment decisions, verify the latest official PSX screening list, the applicable screening criteria, and the current status of the company.
Key Factors to Monitor
- Quarterly sales growth and segment-level profitability.
- Soda ash and polyester demand, prices, and production costs.
- Pharmaceutical, animal-health, and agricultural business performance.
- Gross-margin trends and cost of sales.
- Finance costs and exchange-rate exposure.
- Operating cash flow, borrowings, and working capital.
- Dividend announcements and payment disclosures.
- The latest PSX regulatory notices and Shariah-screening information.
Frequently Asked Questions
What is the PSX symbol of Lucky Core Industries Limited?
Its Pakistan Stock Exchange symbol is LCI.
What does Lucky Core Industries Limited do?
It manufactures and markets soda ash, polyester staple fibre, specialty chemicals, pharmaceutical products, animal-health products, and agricultural products.
When was Lucky Core Industries Limited established?
The company was incorporated in 1953 as Khewra Soda Ash Company.
What were LCI's FY2026 earnings?
The PSX financial summary reports sales of approximately Rs. 113.21 billion, profit after taxation of Rs. 9.69 billion, and EPS of Rs. 20.99 for FY2026. Confirm these figures against the audited annual report before publication.
What were LCI's latest quarterly results?
For the quarter ended September 30, 2026, consolidated net turnover was approximately Rs. 29.90 billion, profit after taxation was Rs. 1.62 billion, and EPS was Rs. 3.52. Profit after taxation decreased by approximately 24.5% year over year.
Did LCI announce a dividend in 2026?
Shareholders approved a final cash dividend of Rs. 5.25 per share for FY2026, which the company reported as credited on October 7, 2026. No cash dividend was recommended for the quarter ended September 30, 2026.
Is LCI risk-free to trade?
No investment is risk-free. In addition, the official PSX company page displays a continuous-violation warning that includes possible suspension or delisting risk. Investors should verify the latest official notice before making decisions.
Where can investors find LCI's official financial reports?
Visit the official PSX company page and the company's financial-results page.
Disclaimer: This profile is for educational and informational purposes only and is not investment advice. Financial figures, share prices, dividends, valuation ratios, Shariah-screening status, and regulatory notices should be verified against current official disclosures before publication or investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.