Narrative Update • Jul 21
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Pakistani (KSE) Materials Sector Analysis
UpdatedJul 24, 2026
DataAggregated Company Financials
Companies77
- 7D-4.3%
- 3M1.9%
- 1Y10.6%
- YTD-9.9%
Over the last 7 days, the Materials industry has dropped 4.3%, and Lucky Cement contributed the most with a 3.7% decline. Meanwhile, Dadabhoy Cement Industries actually outperformed within the industry, gaining 32% in the last week. In the past year, the industry has gained 11%. Looking forward, earnings are forecast to grow by 10.0% annually.
Sector Valuation and Performance
Has the Pakistani Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Jul 2026 | PK₨4.0t | PK₨4.2t | PK₨434.0b | 9.9x | 9.2x | 1x |
| Sun, 21 Jun 2026 | PK₨4.2t | PK₨4.2t | PK₨431.2b | 10.9x | 9.8x | 1x |
| Tue, 19 May 2026 | PK₨3.7t | PK₨4.2t | PK₨431.2b | 9.5x | 8.6x | 0.9x |
| Thu, 16 Apr 2026 | PK₨4.0t | PK₨4.0t | PK₨418.1b | 9.7x | 9.6x | 1x |
| Sat, 14 Mar 2026 | PK₨3.6t | PK₨3.9t | PK₨407.2b | 8.6x | 8.9x | 0.9x |
| Mon, 09 Feb 2026 | PK₨4.4t | PK₨3.8t | PK₨405.6b | 12x | 10.9x | 1.2x |
| Wed, 07 Jan 2026 | PK₨4.6t | PK₨3.8t | PK₨405.3b | 12.4x | 11.3x | 1.2x |
| Fri, 05 Dec 2025 | PK₨4.3t | PK₨3.8t | PK₨405.3b | 12.2x | 10.6x | 1.1x |
| Sun, 02 Nov 2025 | PK₨4.1t | PK₨3.8t | PK₨401.9b | 11.3x | 10.1x | 1.1x |
| Tue, 30 Sep 2025 | PK₨4.3t | PK₨3.7t | PK₨379.6b | 12.5x | 11.2x | 1.2x |
| Thu, 28 Aug 2025 | PK₨3.8t | PK₨3.6t | PK₨328.4b | 11.8x | 11.7x | 1.1x |
| Sat, 26 Jul 2025 | PK₨3.6t | PK₨3.6t | PK₨321.1b | 12.3x | 11.3x | 1x |
| Mon, 23 Jun 2025 | PK₨3.1t | PK₨3.6t | PK₨319.4b | 10.6x | 9.8x | 0.9x |
| Wed, 21 May 2025 | PK₨3.1t | PK₨3.6t | PK₨320.0b | 10.6x | 9.8x | 0.9x |
| Fri, 18 Apr 2025 | PK₨2.9t | PK₨3.7t | PK₨310.0b | 9.7x | 9.5x | 0.8x |
| Sun, 16 Mar 2025 | PK₨3.0t | PK₨3.6t | PK₨308.8b | 10.2x | 9.6x | 0.8x |
| Tue, 11 Feb 2025 | PK₨2.7t | PK₨3.7t | PK₨323.6b | 9.8x | 8.2x | 0.7x |
| Thu, 09 Jan 2025 | PK₨3.0t | PK₨4.0t | PK₨338.2b | 9.6x | 8.8x | 0.7x |
| Sat, 07 Dec 2024 | PK₨3.0t | PK₨4.3t | PK₨366.5b | 9.6x | 8.2x | 0.7x |
| Mon, 04 Nov 2024 | PK₨2.5t | PK₨4.3t | PK₨368.6b | 8.7x | 6.7x | 0.6x |
| Wed, 02 Oct 2024 | PK₨2.2t | PK₨4.3t | PK₨364.2b | 7.2x | 6.1x | 0.5x |
| Fri, 30 Aug 2024 | PK₨2.1t | PK₨4.3t | PK₨337.7b | 7.1x | 6.2x | 0.5x |
| Sun, 28 Jul 2024 | PK₨2.1t | PK₨4.2t | PK₨287.3b | 7x | 7.3x | 0.5x |
| Tue, 25 Jun 2024 | PK₨2.1t | PK₨4.2t | PK₨287.3b | 7.1x | 7.2x | 0.5x |
| Thu, 23 May 2024 | PK₨2.0t | PK₨4.2t | PK₨287.0b | 7x | 6.9x | 0.5x |
| Sat, 20 Apr 2024 | PK₨1.9t | PK₨4.1t | PK₨307.5b | 5.9x | 6.2x | 0.5x |
| Mon, 18 Mar 2024 | PK₨1.8t | PK₨4.0t | PK₨297.6b | 5.7x | 6x | 0.4x |
| Wed, 14 Feb 2024 | PK₨1.7t | PK₨3.9t | PK₨293.8b | 5.8x | 5.8x | 0.4x |
| Fri, 12 Jan 2024 | PK₨1.8t | PK₨3.9t | PK₨281.8b | 6.6x | 6.4x | 0.5x |
| Sun, 10 Dec 2023 | PK₨1.8t | PK₨3.9t | PK₨281.9b | 6.6x | 6.5x | 0.5x |
| Tue, 07 Nov 2023 | PK₨1.6t | PK₨3.9t | PK₨280.4b | 5.8x | 5.6x | 0.4x |
| Thu, 05 Oct 2023 | PK₨1.4t | PK₨3.6t | PK₨239.8b | 5.7x | 5.7x | 0.4x |
| Sat, 02 Sep 2023 | PK₨1.3t | PK₨3.6t | PK₨247.9b | 5.9x | 5.4x | 0.4x |
| Mon, 31 Jul 2023 | PK₨1.4t | PK₨3.6t | PK₨226.5b | 7.2x | 6.3x | 0.4x |
Price to Earnings Ratio
6.3x
Current Industry PE
- Investors are optimistic on the Pakistani Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.2x which is higher than its 3-year average PE of 8.3x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 5.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Pakistani Materials sector?
| PK Market | -3.36% | |
| Materials | -4.25% | |
| Paper and Forestry Products | -2.57% | |
| Packaging | -3.15% | |
| Chemicals | -4.25% | |
| Basic Materials | -4.33% | |
| Metals and Mining | -5.37% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 4.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.6x.
Forecasted Growth
- Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 95% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 5.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BWCL Bestway Cement | PK₨498.48 | 0.4% +PK₨1.3b | 7.3% | PE11.6x | |
| PIOC Pioneer Cement | PK₨283.69 | 1.3% +PK₨835.9m | 30.2% | PE11.7x | |
| GGL Ghani Global Holdings | PK₨25.06 | 6.3% +PK₨527.6m | 28.4% | PE2.6x | |
| BIFO Biafo Industries | PK₨130.49 | 8.2% +PK₨456.4m | -28.4% | PE13.9x | |
| DCL Dewan Cement | PK₨11.22 | 3.6% +PK₨212.2m | -13.1% | PS0.3x |
