Pakistan Cables Ltd

Pakistan Cables Ltd operates with a leveraged capital structure, holding total liabilities of PKR 28.07 billion against total equity of PKR 9.48 billion. The debt-to-equity ratio stands at 1.82, indicating significant reliance on debt financing. Liquidity is tight, with a current ratio of 1.03, suggesting limited short-term buffer to meet obligations. The company reports negative net cash after subtracting total debt, highlighting a constrained balance sheet position.

Profitability metrics are currently negative, with a return on equity of -3.24% and a return on assets of -0.82%. Despite generating an operating income of PKR 2.02 billion, the company recorded a net income loss of PKR 280.6 million, likely due to interest expenses associated with its high debt load. The gross profit of PKR 3.03 billion on revenue of PKR 29.09 billion implies a gross margin of approximately 10.4%, which may be under pressure from input cost inflation or competitive pricing.

Revenue concentration is not detailed in the available segment or geographic data, but the company operates primarily within the domestic Pakistani market for electrical equipment. Without specific segment breakdowns, the revenue base appears consolidated around its core cable manufacturing activities.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest normalized period shows revenue of PKR 29.09 billion, but year-over-year trends cannot be assessed without prior period comparisons.

Risk assessment indicates medium liquidity risk and low dilution risk. The key flag of negative net cash underscores the financial strain, while the low dilution risk suggests that equity issuance is not an immediate threat to shareholder value. The high debt level remains the primary financial risk factor.

Recent events and observations are not provided in the filing, news, or transcript sections. The analysis relies solely on the latest financial snapshot and classification data.

Pakistan Cables Ltd (PKCB.PSX) has experienced no material changes in its fundamental profile or market signals as of the latest analysis. A review of 17 key fields, excluding four schema-expansion fields, confirmed that the company’s status remains static compared to prior assessments. There are no new developments in corporate actions, financial performance, or strategic initiatives to report. The company’s visibility in the financial ecosystem remains limited. PKCB.PSX is not currently a member of any major indices, and there are no top holders identified in the available data. Furthermore, the firm has no coverage from financial analysts, indicating a lack of institutional research focus on the stock. Operational leadership appears minimal, with only one officer recorded in the company’s profile. This sparse executive presence, combined with the absence of analyst coverage and index membership, suggests a low-profile corporate structure. The lack of significant corporate events or leadership changes reinforces the stability of the current setup. Market sentiment and news flow have been virtually non-existent over the past month. From June 26 to July 16, 2026, daily news dispatches were zero for nearly every day, with only a single dispatch recorded on July 11. This silence in the news cycle aligns with the absence of material changes, indicating a period of quiet trading and minimal public attention for the stock.

Operating income remained robust at PKR 2.02 billion in the latest period, demonstrating resilience despite net income volatility.

Free cash flow improved significantly by 89.0% year-over-year, indicating better cash generation capabilities in the recent period.

The company exhibits best-in-class cash conversion at 7.88, significantly outperforming the cohort median of 1.2.

Long-term debt surged to PKR 17.29 billion, reflecting a highly leveraged balance sheet with significant financial risk.

The debt-to-equity ratio of 1.82 places the company in the bottom quartile, indicating excessive leverage compared to peers.

Net margin deteriorated to -1.06%, ranking in the bottom quartile and signaling severe profitability challenges relative to the cohort.

Revenue PKR 26.17B, +20,9% YoY; Operating income −1,6% YoY.

• ▍Revenue PKR 26.17B, +20,9% YoY
• ▍Operating income −1,6% YoY
• ▍Net income −71,1% YoY
• ▍Free cash flow −5,2% YoY
• ▍Net margin 0.8%

Revenue PKR 21.65B, +2,3% YoY; Operating income +27,9% YoY.

• ▍Revenue PKR 21.65B, +2,3% YoY
• ▍Operating income +27,9% YoY
• ▍Net income −12,6% YoY
• ▍Free cash flow −53,5% YoY
• ▍Net margin 3.3%

Revenue PKR 21.17B, +61,0% YoY; Operating income +76,2% YoY.

• ▍Revenue PKR 21.17B, +61,0% YoY
• ▍Operating income +76,2% YoY
• ▍Net income +49,5% YoY
• ▍Free cash flow −1 432,7% YoY
• ▍Net margin 3.9%