Millat Tractors Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Raheel Asghar

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.1yrs
CEO ownership	n/a
Management average tenure	5.4yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO

Raheel Asghar

2.1yrs

Tenure

Mr. Raheel Asghar is Chief Executive Officer at Millat Tractors Limited from November 15, 2022. Mr. Asghar was Executive Director at Millat Tractors Limited from November 15, 2022.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sohail Rana	Executive Director	6.9yrs	PK₨6.92m	6.57% PKR 7.9b
Raheel Asghar	Chief Executive Officer	2.1yrs	no data	no data
Sohail Nisar	Chief Financial Officer	no data	no data	no data
Nasim Sandhu	General Manager of Admin & Purchase	no data	no data	no data
Azhar Noor	Director of Marketing	3.9yrs	no data	no data
Khaleeque Rehman	Head of Human Resources	no data	no data	no data
Shoaib Banday	Head of Internal Audit	no data	no data	no data
Muhammad Azeem	Company Secretary	7.4yrs	no data	no data

5.4yrs

Average Tenure

Experienced Management: MTL's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sohail Rana	Executive Director	no data	PK₨6.92m	6.57% PKR 7.9b
Sikandar Khan	Non-Executive Chairman	33.9yrs	no data	9.32% PKR 11.2b
Laeeq Ansari	Non-Executive Director	no data	no data	7.74% PKR 9.3b
Manzoor Ahmed	Independent Director	no data	no data	no data
Saad Iqbal	Non-Executive Director	no data	no data	2.36% PKR 2.9b
Muhammad Rashid	Independent Director	3.2yrs	no data	0% PKR 0
Nasar Us Qureshi	Independent Director	3.2yrs	no data	0.00025% PKR 301.7k
Qaiser Saleem	Non-Executive Director	2.8yrs	no data	2.51% PKR 3.0b
Zara Bandial	Independent Director	no data	no data	no data
Muhammad Khan	Director	no data	no data	no data
Muhammad Sohail	Director	no data	no data	no data
Murad Ansari	Director	no data	no data	no data

3.2yrs

Average Tenure

Experienced Board: MTL's board of directors are considered experienced (3.2 years average tenure).

Millat Tractors Management

Management criteria checks 2/4

Key information

Recent management updates

Millat Tractors Limited Appoints Raheel Asghar as Chief Executive

Millat Tractors Limited, Annual General Meeting, Oct 30, 2024

Less than half of directors are independent

Millat Tractors Limited Announces Executive Changes

Millat Tractors Limited, Annual General Meeting, Aug 29, 2022

Less than half of directors are independent

Recent updates

Millat Tractors Limited Appoints Raheel Asghar as Chief Executive

New major risk - Financial position

Full year 2024 earnings released: EPS: PK₨52.63 (vs PK₨17.17 in FY 2023)

Investor sentiment improves as stock rises 16%

Millat Tractors Limited, Annual General Meeting, Oct 30, 2024

Third quarter 2024 earnings released: EPS: PK₨14.69 (vs PK₨8.34 in 3Q 2023)

Upcoming dividend of PK₨25.00 per share

Second quarter 2024 earnings released: EPS: PK₨16.61 (vs PK₨0.66 in 2Q 2023)

Dividend of PK₨25.00 announced

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 19%

Price target increased by 18% to PK₨457

Full year 2023 earnings released: EPS: PK₨17.17 (vs PK₨27.97 in FY 2022)

Upcoming dividend of PK₨10.00 per share at 10% yield

Second quarter 2023 earnings released: EPS: PK₨1.08 (vs PK₨14.61 in 2Q 2022)

Price target increased to PK₨740

Less than half of directors are independent

Millat Tractors Limited Announces Executive Changes

Price target increased to PK₨740

Upcoming dividend of PK₨20.00 per share

Full year 2022 earnings released: EPS: PK₨60.56 (vs PK₨62.17 in FY 2021)

Millat Tractors Limited, Annual General Meeting, Aug 29, 2022

Price target increased to PK₨953

Less than half of directors are independent

Upcoming dividend of PK₨45.00 per share

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Millat Tractors Limited Announces Board Changes

Price target increased to PK₨1,073

First quarter 2022 earnings released: EPS PK₨25.85 (vs PK₨19.21 in 1Q 2021)

Upcoming dividend of PK₨50.00 per share

Full year 2021 earnings released: EPS PK₨117 (vs PK₨35.59 in FY 2020)

Third quarter 2021 earnings released: EPS PK₨32.77 (vs PK₨8.10 in 3Q 2020)

Upcoming Dividend of PK₨50.00 Per Share

Second quarter 2021 earnings released: EPS PK₨33.13 (vs PK₨5.86 in 2Q 2020)

Investor sentiment improved over the past week

Price target raised to PK₨1,232

New 90-day high: PK₨1,211

New 90-day high: PK₨1,161

Millat Tractors Limited Appoints Syed Muhammad Irfan Aquee as Chief Executive Officer

New 90-day high: PK₨1,134

Market bids up stock over the past week

New 90-day high: PK₨1,005

First quarter earnings released

New 90-day high: PK₨919

Full year earnings released - EPS PK₨40.04

New 90-day high: PK₨912

Full year earnings released - EPS PK₨39.42

Price target raised to PK₨826

New 90-day high - PK₨825

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure