Attock Cement Pakistan Ltd

Attock Cement Pakistan Ltd maintains a capital structure with a debt-to-equity ratio of 0.61, indicating moderate leverage relative to its equity base of 22.5 billion PKR. The company’s liquidity position is constrained, evidenced by a current ratio of 0.75, which suggests that current liabilities exceed current assets. Despite negative operating cash flow of -394 million PKR, the firm generated positive free cash flow of 1.62 billion PKR, supported by capital expenditures of -1.29 billion PKR. The balance sheet shows total assets of 50.4 billion PKR against total liabilities of 27.9 billion PKR, with long-term debt standing at 13.8 billion PKR.

Profitability metrics indicate a return on equity of 12.06% and a return on assets of 5.38%, reflecting efficient use of capital to generate net income of 1.73 billion PKR. The gross profit of 7.97 billion PKR on revenue of 33.3 billion PKR yields a gross margin of approximately 24%, while operating income of 4.68 billion PKR suggests an operating margin of roughly 14%. Without cohort median data for direct comparison, these returns must be evaluated against general industry standards for construction materials, where capital intensity typically pressures margins.

Segment and geographic revenue breakdowns are not provided in the available data, preventing a detailed analysis of revenue concentration or regional exposure. The company’s primary activity is identified as unclassified within the broader Construction Materials industry, limiting specific insights into product mix or customer diversity.

Growth trajectory analysis is hindered by the absence of historical period data, such as five-year annual or eight-quarter quarterly trends. Consequently, the direction and sustainability of revenue and net income growth cannot be assessed from the current snapshot alone.

Risk assessment highlights medium liquidity risk and low dilution risk, with a key flag noting that net cash is negative after subtracting total debt. The negative net cash position underscores the reliance on external financing or operational cash generation to meet obligations. The low dilution risk suggests that share count stability is likely, with basic and diluted shares outstanding both at 137.4 million.

Recent observations include analyst estimates with a mean price target of 325.00 PKR and a median target of 325.00 PKR, ranging from a low of 290.00 PKR to a high of 360.00 PKR. The mean recommendation of 2.50 indicates a neutral stance, with one buy rating and one hold rating, and no strong buy recommendations. No specific filing, news, or transcript observations are provided to detail recent corporate events or management signals.

Analysts project 40.7% upside to a mean price target of 325.0 PKR, signaling strong market confidence in future performance.

Free cash flow surged 711.5% year-over-year to 1.62 billion PKR, indicating a substantial improvement in cash generation capabilities.

Revenue grew 16.7% year-over-year to 33.3 billion PKR, showing robust top-line expansion despite broader economic headwinds.

Debt-to-equity ratio of 0.61 exceeds the cohort median of 0.40, indicating higher financial leverage and associated risk exposure.

Cash conversion ratio of -0.15 ranks in the bottom quartile, suggesting poor ability to convert earnings into actual cash.

Medium liquidity and credit risk flags suggest potential challenges in meeting short-term obligations and maintaining creditworthiness.

Revenue PKR 11.02B, +32,7% YoY; Operating income +12,3% YoY.

• ▍Revenue PKR 11.02B, +32,7% YoY
• ▍Operating income +12,3% YoY
• ▍Net income +28,1% YoY
• ▍Free cash flow +214,5% YoY
• ▍Net margin 7.8%

Revenue PKR 11.55B, +29,4% YoY; Operating income +28,7% YoY.

• ▍Revenue PKR 11.55B, +29,4% YoY
• ▍Operating income +28,7% YoY
• ▍Net income +32,8% YoY
• ▍Free cash flow +121,8% YoY
• ▍Net margin 6.7%

Revenue PKR 9.66B, +41,2% YoY; Operating income −35,8% YoY.

• ▍Revenue PKR 9.66B, +41,2% YoY
• ▍Operating income −35,8% YoY
• ▍Net income −68,7% YoY
• ▍Free cash flow +145,4% YoY
• ▍Net margin 4.4%

Revenue PKR 8.30B; Operating income PKR 1.39B.

• ▍Revenue PKR 8.30B
• ▍Operating income PKR 1.39B
• ▍Net margin 8.0%

Revenue PKR 6.84B; Operating income PKR 2.72B.

• ▍Revenue PKR 6.84B
• ▍Operating income PKR 2.72B
• ▍Net margin 19.7%

Revenue PKR 33.31B, +16,7% YoY; Operating income −25,4% YoY.

• ▍Revenue PKR 33.31B, +16,7% YoY
• ▍Operating income −25,4% YoY
• ▍Net income −51,5% YoY
• ▍Free cash flow +711,5% YoY
• ▍Net margin 5.2%

Revenue PKR 28.54B, +12,0% YoY; Operating income +98,0% YoY.

• ▍Revenue PKR 28.54B, +12,0% YoY
• ▍Operating income +98,0% YoY
• ▍Net income +135,2% YoY
• ▍Free cash flow −110,6% YoY
• ▍Net margin 12.5%

Revenue PKR 25.48B, +24,4% YoY; Operating income +43,4% YoY.

• ▍Revenue PKR 25.48B, +24,4% YoY
• ▍Operating income +43,4% YoY
• ▍Net income +35,4% YoY
• ▍Free cash flow +134,5% YoY
• ▍Net margin 6.0%

Revenue PKR 20.48B, −28,4% YoY; Operating income −37,4% YoY.

• ▍Revenue PKR 20.48B, −28,4% YoY
• ▍Operating income −37,4% YoY
• ▍Net income −45,1% YoY
• ▍Free cash flow −2 532,3% YoY
• ▍Net margin 5.5%

Revenue PKR 28.60B; Operating income PKR 3.53B.

• ▍Revenue PKR 28.60B
• ▍Operating income PKR 3.53B
• ▍Net margin 7.1%