PSX Company Profiles
What listed companies do, how they make money, key financials and Shariah status, researched by the PSX Investors Zone team.
4 companies
Modarabas / Renewable Energy Finance
Burj Clean Energy Modaraba
Burj Clean Energy Modaraba (PSX: GEMBCEM) is a perpetual Modaraba listed on the Pakistan Stock Exchange's Growth Enterprise Market Board in October 2024. Managed by Burj Investment Management Limited, it focuses on Shariah-compliant financing and leasing of renewable-energy equipment, clean-energy projects, energy storage, and related solutions. The Modaraba's activities include solar and wind projects, renewable-energy equipment leasing, energy-efficiency advisory, and clean-energy financing. Its model is designed to generate income through asset-based financing and lease rentals rather than relying solely on electricity generation or equipment sales. For FY2026, standalone profit after tax increased to Rs 91.29 million from Rs 43.03 million in FY2025. Consolidated revenue rose to Rs 362.52 million, while consolidated profit after tax reached Rs 93.54 million. The board recommended a final cash dividend of Rs 0.60 per certificate, equivalent to 6% of face value, subject to the applicable approval process. VIS maintains entity ratings of A for the medium- to long-term and A1 for the short-term, with a Stable outlook. On October 22, 2026, VIS finalized an A1 rating for the Modaraba's Rs 1.5 billion Short-Term Sukuk III. Investors should evaluate lease income, project performance, financing costs, Sukuk obligations, customer concentration, liquidity, and the latest Shariah disclosures before assessing the certificates.
Chemicals
Ghani Chemical Industries Limited
Ghani Chemical Industries Limited (PSX: GCIL) is a Pakistani manufacturer and supplier of medical and industrial gases. Incorporated in 2015 and listed on the Pakistan Stock Exchange in 2022, the company supplies gases including oxygen, nitrogen, and argon to healthcare institutions and industrial customers across sectors such as steel, engineering, oil and gas, pharmaceuticals, food processing, and manufacturing. For the financial year ended June 30, 2026, GCIL reported standalone net sales of approximately Rs 8.280 billion, profit after tax of Rs 2.861 billion, and EPS of Rs 5.02. Compared with FY2025, net sales increased by approximately 11.4% and profit after tax increased by approximately 43.5%. The board recommended no cash dividend for FY2026. GCIL was listed as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026, with a non-compliant income ratio of 2.40% in that review. PACRA maintained its A long-term and A1 short-term credit ratings with a Positive outlook in May 2026. **Important regulatory consideration:** The PSX company page displays a Risk Warning Alert referring to continuing violations of specified exchange clauses and possible suspension or delisting. Investors should review the current PSX notice and the company's subsequent disclosures before assessing the stock.
Chemicals
Ghani ChemWorld Limited
Ghani ChemWorld Limited (PSX: GCWL) is a Pakistani chemical manufacturer established to operate the calcium carbide project transferred from Ghani Chemical Industries Limited under a court-sanctioned scheme of arrangement. Incorporated in July 2024 and listed on the Pakistan Stock Exchange on April 24, 2025, the company operates its manufacturing facility at Hattar Special Economic Zone in District Haripur, Khyber Pakhtunkhwa. The company's main business is calcium carbide production, with plans to expand into other chemical products, including precipitated calcium carbonate (PCC). Calcium carbide serves industrial applications, while PCC is used in industries such as paints, paper, and rubber. For FY2026, the audited financial statements reported revenue of Rs 312.36 million, an operating loss of Rs 164.59 million, profit after tax of Rs 67.39 million, and EPS of Rs 0.27. The reported profit was supported by Rs 352.04 million in the share of profit from an associated company, so investors should distinguish accounting earnings from the profitability of the core manufacturing operation. GCWL was classified as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026, with a reported non-compliant income ratio of 0.00% in that review. VIS assigned A- long-term and A2 short-term credit ratings with a Stable outlook in January 2026. **Material operational development:** On October 19, 2026, GCWL disclosed that production had been suspended because disruptions affecting Gulf maritime routes, ports, and export orders prevented it from fulfilling exports. The company said existing inventory was available for domestic sales and that it would notify the PSX when production resumed. Investors should monitor subsequent official announcements before assessing the company's operating outlook.
Miscellaneous
The Pakistan Credit Rating Agency Limited
The Pakistan Credit Rating Agency Limited (PSX: GEMPACRA), commonly known as PACRA, is a Pakistani credit rating agency incorporated in 1994 and listed on the Pakistan Stock Exchange's Growth Enterprise Market Board on June 30, 2025. Licensed by the Securities and Exchange Commission of Pakistan, PACRA assesses the credit risk of companies and financial instruments, helping market participants evaluate the ability of borrowers and issuers to meet financial obligations. Its broader business interests include analytics, advisory, training and research through associated and subsidiary businesses. PSX-standardized standalone financial data for FY2026 reports revenue of Rs523.24 million, profit after tax of Rs128.08 million and EPS of Rs1.72. PACRA was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 data. Investors should also review the Risk Warning Alert on its official PSX profile, which warns of potential trading suspension or delisting due to continuous regulatory non-compliance.