PSX Company Profiles
What listed companies do, how they make money, key financials and Shariah status, researched by the PSX Investors Zone team.
12 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.
Textile Composite
Fazal Cloth Mills Limited
Fazal Cloth Mills Limited (PSX: FZCM) is a Pakistani textile manufacturer specialising in yarn and fabric. For FY2026, the company reported net sales of approximately Rs. 96.024 billion, profit after taxation of Rs. 1.573 billion and EPS of Rs. 52.44, compared with FY2025 EPS of Rs. 12.76. The board recommended a final cash dividend of Rs. 15 per share, subject to the applicable approval and payout process. On 23 October 2026, PSX displayed a share price of Rs. 257.00 and a trailing P/E ratio of 4.90. FZCM was marked Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026. However, PSX displays a Risk Warning Alert concerning continuing regulatory violations and possible suspension or delisting. Investors should assess these regulatory risks, textile-sector cost pressures and the company's latest disclosures before making investment decisions.
Modarabas
First Treet Manufacturing Modaraba
First Treet Manufacturing Modaraba (PSX: FTMM) is a Pakistani Islamic financial institution managed by Treet Holdings Limited. Its manufacturing operations include corrugated packaging, soaps and batteries. For FY2026, net turnover increased to Rs. 4.163 billion from Rs. 3.793 billion in FY2025, while profit after taxation rose to Rs. 119.924 million and EPS reached Rs. 0.613. An interim cash dividend of Rs. 1.50 per certificate was declared during FY2026, with no additional final dividend proposed in the annual results announcement. The company was marked Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026. However, PSX displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. The proposed transfer of its corrugation and soap segments to Treet Packaging Limited is another important corporate development for investors to monitor.
Modarabas
First Tri-Star Modaraba
First Tri-Star Modaraba (PSX: FTSM) is a perpetual, multipurpose Modaraba managed by A.R.T. Modaraba Management (Private) Limited. Its activities include investment transactions and operating an educational institution, Imperial Tutorial College. For FY2026, academic revenue was Rs. 23.083 million, profit after taxation was Rs. 4.907 million and EPS was Rs. 0.23, compared with a restated FY2025 loss of Rs. 15.030 million and negative EPS of Rs. 0.71. The board recommended no dividend for FY2026. Although FTSM was marked Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026, PSX displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. The annual report also records a substantial negative investment-revaluation movement in other comprehensive income. Investors should review these issues alongside the company's earnings, market valuation and regulatory disclosures.
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.
Sugar & Allied Industries
Habib Rice Products Limited
Habib Rice Products Limited (PSX: HRPL) is a Pakistan Stock Exchange-listed manufacturer of rice-based starches, sugars and proteins. Incorporated in 1980, the company operates from Karachi and has a manufacturing facility at Hub, Balochistan. Its products serve industrial and food-related applications, making production efficiency, raw-material availability, customer demand and operating costs important factors in its performance. In FY2026, HRPL reported sales of Rs2.288 billion and a net loss of Rs87.575 million, compared with sales of Rs2.136 billion and a net loss of Rs155.712 million in FY2025. Although the loss narrowed, the company remained unprofitable. HRPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. Investors should monitor the latest financial results, cash flow, profitability and updated official Shariah screening status.
Textile Composite (PSX classification); Rental Income from Investment Properties
Hafiz Limited
Hafiz Limited (PSX: HAFL) is a Pakistan Stock Exchange-listed company incorporated in 1951. According to the official PSX company profile, its principal activity is earning rental income from investment properties. For FY2026, the company reported rental income of Rs43.16 million, profit after tax of Rs58.45 million and earnings per share of Rs48.71, compared with Rs39.29 million, Rs52.89 million and Rs44.08, respectively, in FY2025. The final cash dividend of Rs3.00 per share for FY2026 was approved at the company's October 22, 2026 AGM. Hafiz Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. However, PSX also displays a Risk Warning Alert concerning continuous exchange-rule violations and potential suspension or delisting. Investors should review the latest official disclosures and Shariah screening before making decisions.
Oil & Gas Marketing Companies
Hi-Tech Lubricants Limited
Hi-Tech Lubricants Limited (PSX: HTL) is a Pakistan Stock Exchange-listed company engaged in the procurement, blending, marketing and distribution of lubricants and petroleum products. Its business has expanded beyond lubricants into petroleum retail and automotive services, including HTL Fuel Stations and HTL Express Centers. In FY2026, the company reported sales of Rs36.973 billion, profit after tax of Rs413.222 million and EPS of Rs2.97, compared with a net loss of Rs318.781 million in FY2025. HTL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. However, the official PSX company page currently displays a Risk Warning Alert regarding potential suspension of trading or delisting. Investors should review the exchange notice, the company's latest disclosures, its financial performance and the latest Shariah screening before making investment decisions.
Automobile Assembler
Hinopak Motors Limited
Hinopak Motors Limited (PSX: HINO) is a Pakistan Stock Exchange-listed commercial vehicle assembler and manufacturer specializing in Hino trucks, buses, spare parts and accessories. The company is a subsidiary of Hino Motors Limited of Japan, with Toyota Motor Corporation as its ultimate parent. For the financial year ended March 31, 2026, Hinopak reported sales of Rs11.001 billion, profit after tax of Rs541.253 million and EPS of Rs21.82, compared with sales of Rs10.337 billion, profit after tax of Rs161.957 million and EPS of Rs6.53 in FY2025. It was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. However, the official PSX company page displays a Risk Warning Alert concerning continuous exchange-rule violations and potential suspension or delisting. Investors should review the latest financial statements, Shariah screening and exchange notices before making investment decisions.
Automobile Assembler
Honda Atlas Cars (Pakistan) Limited
Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) is a listed automobile assembler and a joint venture between Honda Motor Co., Japan, and Pakistan’s Atlas Group. The company assembles and progressively manufactures Honda vehicles and sells vehicles and spare parts in Pakistan. For the financial year ended March 31, 2026, it reported sales of Rs122.283 billion, profit after tax of Rs3.234 billion and EPS of Rs22.64, compared with sales of Rs78.066 billion and profit after tax of Rs2.709 billion in FY2025. A dividend of Rs9 per share was declared for FY2026. HCAR was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026 and was included in the KMI-30 recomposition. However, the official PSX company page displays a Risk Warning Alert concerning exchange-rule violations and potential suspension or delisting. Investors should review the latest financial statements, Shariah screening and PSX notices before making investment decisions.
Pharmaceuticals
IBL HealthCare Limited
IBL HealthCare Limited (PSX: IBLHL) is a Pakistani healthcare-products distribution and marketing company incorporated in 1997 and listed on the Pakistan Stock Exchange. Its principal activities include marketing, selling and distributing healthcare and pharmaceutical products across categories including nutrition, sweeteners and beverages, and medical and surgical disposables. The company is a subsidiary of The Searle Company Limited. In FY2026, IBL HealthCare reported revenue of Rs4.607 billion, profit after tax of Rs220.402 million and EPS of Rs2.24, compared with revenue of Rs4.322 billion and profit after tax of Rs208.371 million in FY2025. The board declared no cash dividend for FY2026. IBLHL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. Investors should also note that PSX currently displays a Risk Warning Alert concerning potential trading suspension or delisting, making the latest exchange notices essential reading.
Textile Spinning
Janana De Malucho Textile Mills Limited
Janana De Malucho Textile Mills Limited (PSX: JDMT) is a Pakistani textile-spinning company incorporated in 1960, with its registered office and manufacturing facility in Habibabad, Kohat. The company manufactures and sells cotton yarn, including fine-count combed and carded yarn for textile applications. JDMT 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 continuous violations and potential suspension of trading or delisting. The company's latest FY2026 results show a net loss of approximately Rs282.27 million. Investors should review the current exchange notices, financial statements, cash flows, and latest Shariah screening before evaluating the stock.