Pakistani (KSE) Basic Materials Industry Analysis

Industry Valuation and Performance

Has the Pakistani Basic Materials Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 06 Jul 2026	PK₨1.8t	PK₨1.1t	PK₨180.1b	9.8x	9.7x	1.5x
Wed, 03 Jun 2026	PK₨1.6t	PK₨1.1t	PK₨180.1b	8.2x	8.7x	1.4x
Fri, 01 May 2026	PK₨1.5t	PK₨1.1t	PK₨178.4b	7.6x	8.1x	1.3x
Sun, 29 Mar 2026	PK₨1.4t	PK₨1.1t	PK₨176.3b	7.2x	7.7x	1.2x
Tue, 24 Feb 2026	PK₨1.6t	PK₨1.1t	PK₨177.7b	9.2x	8.8x	1.4x
Thu, 22 Jan 2026	PK₨1.8t	PK₨1.1t	PK₨176.4b	12x	10.5x	1.7x
Sat, 20 Dec 2025	PK₨1.9t	PK₨1.1t	PK₨176.4b	12.4x	10.5x	1.7x
Mon, 17 Nov 2025	PK₨1.7t	PK₨1.1t	PK₨176.4b	11.9x	9.8x	1.6x
Wed, 15 Oct 2025	PK₨1.8t	PK₨1.0t	PK₨167.1b	10.8x	10.9x	1.7x
Fri, 12 Sep 2025	PK₨1.8t	PK₨1.0t	PK₨167.6b	10.9x	10.6x	1.7x
Sun, 10 Aug 2025	PK₨1.5t	PK₨1.0t	PK₨149.8b	10.4x	10x	1.5x
Tue, 08 Jul 2025	PK₨1.4t	PK₨1.0t	PK₨146.9b	9.8x	9.3x	1.3x
Thu, 05 Jun 2025	PK₨1.3t	PK₨1.0t	PK₨146.9b	9.5x	9x	1.3x
Sat, 03 May 2025	PK₨1.3t	PK₨1.0t	PK₨141.2b	8.5x	8.9x	1.3x
Mon, 31 Mar 2025	PK₨1.2t	PK₨1.0t	PK₨135.8b	8.9x	8.8x	1.2x
Wed, 26 Feb 2025	PK₨1.1t	PK₨994.9b	PK₨130.7b	9.2x	8.8x	1.2x
Fri, 24 Jan 2025	PK₨1.0t	PK₨975.8b	PK₨121.1b	11.1x	8.5x	1x
Sun, 22 Dec 2024	PK₨996.8b	PK₨975.8b	PK₨121.1b	9.8x	8.2x	1x
Tue, 19 Nov 2024	PK₨920.5b	PK₨975.8b	PK₨121.1b	8.2x	7.6x	0.9x
Thu, 17 Oct 2024	PK₨747.0b	PK₨973.9b	PK₨117.7b	6.6x	6.3x	0.8x
Sat, 14 Sep 2024	PK₨711.8b	PK₨972.9b	PK₨112.3b	6.9x	6.3x	0.7x
Mon, 12 Aug 2024	PK₨691.9b	PK₨953.8b	PK₨92.5b	7.1x	7.5x	0.7x
Wed, 10 Jul 2024	PK₨728.8b	PK₨953.2b	PK₨89.3b	7.8x	8.2x	0.8x
Fri, 07 Jun 2024	PK₨685.2b	PK₨953.2b	PK₨89.4b	7.2x	7.7x	0.7x
Sun, 05 May 2024	PK₨660.8b	PK₨956.9b	PK₨90.8b	7x	7.3x	0.7x
Tue, 02 Apr 2024	PK₨597.9b	PK₨960.4b	PK₨95.6b	6.6x	6.3x	0.6x
Thu, 29 Feb 2024	PK₨628.3b	PK₨951.4b	PK₨98.2b	6.5x	6.4x	0.7x
Sat, 27 Jan 2024	PK₨617.6b	PK₨945.1b	PK₨89.1b	7.1x	6.9x	0.7x
Mon, 25 Dec 2023	PK₨605.1b	PK₨945.1b	PK₨89.1b	6.9x	6.8x	0.6x
Wed, 22 Nov 2023	PK₨567.5b	PK₨939.8b	PK₨89.2b	6.8x	6.4x	0.6x
Fri, 20 Oct 2023	PK₨500.6b	PK₨900.2b	PK₨74.6b	6x	6.7x	0.6x
Sun, 17 Sep 2023	PK₨449.5b	PK₨903.4b	PK₨81.6b	5.6x	5.5x	0.5x
Tue, 15 Aug 2023	PK₨495.3b	PK₨919.2b	PK₨88.2b	6x	5.6x	0.5x
Thu, 13 Jul 2023	PK₨488.0b	PK₨917.0b	PK₨87.8b	6.5x	5.6x	0.5x

Current Industry PE

Investors are optimistic on the Pakistani Basic Materials industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 9.7x which is higher than its 3-year average PE of 8.1x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.

Past Earnings Growth

The earnings for companies in the Basic Materials industry have grown 27% per year over the last three years.
Revenues for these companies have grown 7.4% 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 industry?


PK Market	2.71%
Materials	2.22%
Basic Materials	2.51%
Construction Materials	2.51%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

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₨509.82	6.9% +PK₨19.5b	24.5%	PE12.5x
LUCK Lucky Cement	PK₨480.12	2.6% +PK₨18.1b	36.0%	PE8.4x
PIOC Pioneer Cement	PK₨284.56	3.9% +PK₨2.4b	30.9%	PE11.7x
DGKC D.G. Khan Cement	PK₨226.90	2.2% +PK₨2.2b	39.6%	PE8.2x
FCCL Fauji Cement	PK₨58.66	0.5% +PK₨735.9m	27.9%	PE9.8x

Nishat Hotels and Properties Limited, D.G. Khan Cement Company Limited (KASE:DGKC), Nishat Mills Limited (KASE:NML), Nishat Power Limited (KASE:NPL), Nishat Chunian Power Limited (KASE:NCPL), Lalpir Power Limited (KASE:LPL) and Pakgen Power Limited (KASE:PKGP) completed the acquisition of 3.20% stake in Rafhan Maize Products Co. Limited (KASE:RMPL).

Nishat Hotels and Properties Limited, D.G. Khan Cement Company Limited (KASE:DGKC), Nishat Mills Limited (KASE:NML), Nishat Power Limited (KASE:NPL), Nishat Chunian Power Limited (KASE:NCPL), Lalpir Power Limited (KASE:LPL) and Pakgen Power Limited (KASE:PKGP) proposed to acquire 3.20% stake in Rafhan Maize Products Co. Limited (KASE:RMPL) for PKR 2.9 billion on March 26, 2026. A cash consideration of PKR 2.93 billion valued at PKR 9800 per share will be paid by Nishat Hotels and Properties Limited, D.G. Khan Cement Company Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Lalpir Power Limited and Pakgen Power Limited. As part of consideration, PKR 2.93 billion is paid towards common equity of Rafhan Maize Products Co. Limited. As of May 12, 2026, the Acceptance Period will commence on May 14, 2026 and will end on May 20, 2026. The expected completion of the transaction is May 20, 2026. Next Capital Limited acted as financial advisor for Nishat Hotels and Properties Limited, Nishat Chunian Power Limited, Pakgen Power Limited, Nishat Mills Limited, D.G. Khan Cement Company Limited, Rafhan Maize Products Co. Limited, Lalpir Power Limited and Nishat Power Limited. Nishat Hotels and Properties Limited, D.G. Khan Cement Company Limited (KASE:DGKC), Nishat Mills Limited (KASE:NML), Nishat Power Limited (KASE:NPL), Nishat Chunian Power Limited (KASE:NCPL), Lalpir Power Limited (KASE:LPL) and Pakgen Power Limited (KASE:PKGP) completed the acquisition of 3.20% stake in Rafhan Maize Products Co. Limited (KASE:RMPL) on June 30, 2026. In a related transaction, Ingredion Incorporated completed the previously announced sale of 51% of the issued share capital of Rafhan Maize Products Co. Ltd. As part of the Transaction, the Purchasers acquired approximately 78% of the outstanding shares of Rafhan Maize, inclusive of Ingredion’s approximately 51% ownership interest. Following completion of the Transaction, Ingredion retains an approximately 20% minority ownership interest in Rafhan Maize.

Pakistani (KSE) Basic Materials Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Discounted Cash Flow Valuation of Lucky Cement Limited (LUCK)

Consensus EPS estimates increase by 11%

Price target decreased by 14% to PK₨321

Now 20% overvalued after recent price rise

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 22%

Now 22% overvalued after recent price rise

New minor risk - Share price stability

Investor sentiment improves as stock rises 23%

Now 21% overvalued

New major risk - Revenue and earnings growth

Dadabhoy Cement Industries Limited to Report Q3, 2026 Results on Apr 30, 2026

Third quarter 2026 earnings released: EPS: PK₨0.29 (vs PK₨0.28 in 3Q 2025)

Third quarter dividend of PK₨10.00 announced