AICLRs 31.0+9.1%BERGRs 36.5-14.4%PRLRs 147.7+44.2%AGLRs 16.9+69.1%KAPCORs 51.5+57.5%SITCRs 52.5-4.6%NMLRs 374.1+210.3%NETSOLRs 5,771.3+29.7%BOPRs 138.7-11.7%PSORs 443.1+105.3%NPLRs 18.7+89.3%FMLRs 288.6+94.9%MARIRs 23.5-11.0%THALLRs 140.6+110.3%NRLRs 61.3-22.3%HBLRs 451.9-6.7%SYSRs 1,566.1+36.2%GATMRs 79.9+33.4%GHGLRs 1,075.6+1.5%FCEPLRs 85.0+61.6%PNSCRs 566.1-42.5%AVNRs 463.8+57.3%FFLRs 135.5+33.3%AGTLRs 159.5-34.9%FEROZRs 274.0+45.3%SRVIRs 38.0+63.0%ILPRs 26.7+20.5%KELRs 71.8+64.8%MLCFRs 1.8-5.9%HTLRs 157.8+46.7%PIOCRs 54.6+58.7%IGIHLRs 98.5-4.8%EFERTRs 76.5+20.3%FFCRs 14.2-30.0%GHNIRs 476.1+34.4%PTCRs 14,713.1+1.5%TPLPRs 2,078.1+10.1%UBLRs 355.3-25.8%ISLRs 171.0+2.7%APLRs 38.3+9.0%ABOTRs 4.4-26.4%PKGSRs 61.2+35.3%FABLRs 263.0-1.9%ATLHRs 10.6-5.5%OGDCRs 71.0+43.4%MTLRs 106.9-27.7%NCLRs 5.7+56.9%UNITYRs 758.2+41.8%LUCKRs 67.7+22.9%KTMLRs 158.5+51.2%SNBLRs 172.8+16.1%BWCLRs 196.5+40.1%CHCCRs 25.0-4.0%ASTLRs 9.1+14.5%ITTEFAQRs 12.3-9.9%AGPRs 30.8-42.3%HINOONRs 61.3-35.9%ENGRORs 68.6+46.4%ATRLRs 26.4+81.9%SHELRs 187.1-5.4%JDWSRs 2.1+20.6%EFUGRs 50.9+44.1%KOHCRs 79.1+42.0%BNWMRs 54.3+62.8%GLAXORs 56.9+14.0%CNERGYRs 49.2-1.8%JSBLRs 377.8-24.1%SEARLRs 21.7-21.2%MCBRs 81.8-4.4%BAFLRs 110.1+14.1%TGLRs 236.2-8.1%NCPLRs 27.7+19.9%AIRLINKRs 81.3+23.7%PAELRs 27.5+77.4%PAKTRs 1.7+3.6%INDURs 74.3-34.6%EPCLRs 17.8-50.1%TRGRs 100.9+18.5%SNGPRs 3.6-7.2%MEBLRs 95.1+11.0%PPLRs 12.0+27.2%POLRs 149.8+69.1%BAHLRs 123.3-17.6%GWLCRs 18.0+9.8%ACPLRs 41.8+19.4%FCCLRs 146.4+6.4%HCARRs 752.9-10.6%NBPRs 173.6-16.9%FATIMARs 237.9+68.5%SSGCRs 12.9+40.7%AKBLRs 268.1-10.1%LOTCHEMRs 65.9-7.3%NATFRs 5.0-57.8%MUGHALRs 76.8-47.2%PSMCRs 514.2-32.5%ICIRs 268.1+5.8%HUBCRs 48.3+16.8%NESTLERs 4.6-50.6%ARPLRs 89.9-12.9%DGKCRs 681.9+39.9%PSELRs 113.5-0.4%AICLRs 31.0+9.1%BERGRs 36.5-14.4%PRLRs 147.7+44.2%AGLRs 16.9+69.1%KAPCORs 51.5+57.5%SITCRs 52.5-4.6%NMLRs 374.1+210.3%NETSOLRs 5,771.3+29.7%BOPRs 138.7-11.7%PSORs 443.1+105.3%NPLRs 18.7+89.3%FMLRs 288.6+94.9%MARIRs 23.5-11.0%THALLRs 140.6+110.3%NRLRs 61.3-22.3%HBLRs 451.9-6.7%SYSRs 1,566.1+36.2%GATMRs 79.9+33.4%GHGLRs 1,075.6+1.5%FCEPLRs 85.0+61.6%PNSCRs 566.1-42.5%AVNRs 463.8+57.3%FFLRs 135.5+33.3%AGTLRs 159.5-34.9%FEROZRs 274.0+45.3%SRVIRs 38.0+63.0%ILPRs 26.7+20.5%KELRs 71.8+64.8%MLCFRs 1.8-5.9%HTLRs 157.8+46.7%PIOCRs 54.6+58.7%IGIHLRs 98.5-4.8%EFERTRs 76.5+20.3%FFCRs 14.2-30.0%GHNIRs 476.1+34.4%PTCRs 14,713.1+1.5%TPLPRs 2,078.1+10.1%UBLRs 355.3-25.8%ISLRs 171.0+2.7%APLRs 38.3+9.0%ABOTRs 4.4-26.4%PKGSRs 61.2+35.3%FABLRs 263.0-1.9%ATLHRs 10.6-5.5%OGDCRs 71.0+43.4%MTLRs 106.9-27.7%NCLRs 5.7+56.9%UNITYRs 758.2+41.8%LUCKRs 67.7+22.9%KTMLRs 158.5+51.2%SNBLRs 172.8+16.1%BWCLRs 196.5+40.1%CHCCRs 25.0-4.0%ASTLRs 9.1+14.5%ITTEFAQRs 12.3-9.9%AGPRs 30.8-42.3%HINOONRs 61.3-35.9%ENGRORs 68.6+46.4%ATRLRs 26.4+81.9%SHELRs 187.1-5.4%JDWSRs 2.1+20.6%EFUGRs 50.9+44.1%KOHCRs 79.1+42.0%BNWMRs 54.3+62.8%GLAXORs 56.9+14.0%CNERGYRs 49.2-1.8%JSBLRs 377.8-24.1%SEARLRs 21.7-21.2%MCBRs 81.8-4.4%BAFLRs 110.1+14.1%TGLRs 236.2-8.1%NCPLRs 27.7+19.9%AIRLINKRs 81.3+23.7%PAELRs 27.5+77.4%PAKTRs 1.7+3.6%INDURs 74.3-34.6%EPCLRs 17.8-50.1%TRGRs 100.9+18.5%SNGPRs 3.6-7.2%MEBLRs 95.1+11.0%PPLRs 12.0+27.2%POLRs 149.8+69.1%BAHLRs 123.3-17.6%GWLCRs 18.0+9.8%ACPLRs 41.8+19.4%FCCLRs 146.4+6.4%HCARRs 752.9-10.6%NBPRs 173.6-16.9%FATIMARs 237.9+68.5%SSGCRs 12.9+40.7%AKBLRs 268.1-10.1%LOTCHEMRs 65.9-7.3%NATFRs 5.0-57.8%MUGHALRs 76.8-47.2%PSMCRs 514.2-32.5%ICIRs 268.1+5.8%HUBCRs 48.3+16.8%NESTLERs 4.6-50.6%ARPLRs 89.9-12.9%DGKCRs 681.9+39.9%PSELRs 113.5-0.4%

Compare Watch

GHNI

HOLD

Ghandhara Industries

Automobile Assembler · 0.15% of the KSE-100

Price

Rs 476.12

Market cap

Rs 28.8bn

12-month return

+34.4%

Rank

35 of 101

56composite

Rule-based50

ML ranker67

Conviction73

Why the engine ranks it here

Ghandhara Industries (GHNI) screens as fairly valued against the rest of the KSE-100, ranking 35 of 101 on a composite score of 56/100.

Ghandhara Industries sits in the Automobile Assembler sector and scores best on price trend (70/100), weakest on growth (36/100). At PKR 476.12 the shares trade on a P/E of 8.5x, 1.11x book, a 13.3% dividend yield. The Piotroski F-Score is 8 of 9 (very strong) and the Altman Z''-Score is 6.53 (financially sound).

What it does well

GHNI has beaten the KSE-100 by 40.6% over six months.

Price trend

GHNI trades 27.8% above its 200-day average.

Price trend

GHNI turns 6.6% of sales into free cash flow.

Profitability & earnings quality

What holds it back

GHNI covers its finance cost only 2.8x over.

Balance-sheet strength

GHNI revenue moved -18.7% over the last year.

Growth

GHNI returns only 10.0% on invested capital.

Profitability & earnings quality

What would change this view

→ two consecutive quarters of revenue growth above the sector median

Five-pillar breakdown

Each pillar scores the company against sector peers, where 50 is the sector average.

Profitability & earnings quality30% weight60

Valuation25% weight42

Balance-sheet strength20% weight47

Growth15% weight36

Price trend10% weight70

The classic screens

Piotroski tests nine accounting facts about improvement; Altman scores the distance from financial distress.

Piotroski F-Score

8 / 9

very strong · 8 of 9 tests passed

Altman Z''-Score

6.53

safe zone · safe above 5.85

Profitable on assets

ROA 4.2%

Cash generative

CFO PKR 8,005m

Returns improving

ROA 4.2% vs 1.5% a year ago

Earnings backed by cash

CFO PKR 8,005m vs profit PKR 3,376m

Deleveraging

debt/assets 0.19 vs 0.20

Liquidity improving

current ratio 2.04 vs 2.02

Margin expanding

gross margin 29.5% vs 20.9%

Assets working harder

asset turnover 0.83x vs 0.94x

No shareholder dilution

60m shares vs 60m

Altman components

Working capital / assets0.188

Retained earnings / assets0.317

Operating profit / assets0.074

Equity / liabilities0.493

Sales / assets0.842

Price history

Weekly closes. Beta 1.05 against the index, annualised volatility 32%, RSI 59.

+613.6% over this window

Reported accounts

The last twelve quarters as filed, in PKR millions. The publication date is what the engine uses to decide when a figure became knowable.

Quarter	Revenue	Gross profit	Operating	Net income	EPS	Filed
2025 Q4	Rs 17.3bn	Rs 4.9bn	Rs 1.4bn	Rs 844m	13.97	2026-04-30
2025 Q3	Rs 17.1bn	Rs 5.0bn	Rs 1.5bn	Rs 894m	14.80	2025-11-14
2025 Q2	Rs 17.2bn	Rs 5.0bn	Rs 1.5bn	Rs 879m	14.56	2025-08-14
2025 Q1	Rs 16.2bn	Rs 5.2bn	Rs 1.6bn	Rs 943m	15.61	2025-05-15
2024 Q4	Rs 15.6bn	Rs 4.3bn	Rs 1.2bn	Rs 660m	10.92	2025-04-30
2024 Q3	Rs 17.0bn	Rs 3.7bn	Rs 945m	Rs 361m	5.98	2024-11-14
2024 Q2	Rs 19.7bn	Rs 5.3bn	Rs 1.5bn	Rs 648m	10.73	2024-08-14
2024 Q1	Rs 21.3bn	Rs 3.9bn	Rs 873m	Rs 152m	2.52	2024-05-15
2023 Q4	Rs 23.4bn	Rs 4.2bn	Rs 933m	Rs 111m	1.84	2024-04-29
2023 Q3	Rs 27.7bn	Rs 3.6bn	Rs 566m	Rs -270m	-4.48	2023-11-14
2023 Q2	Rs 34.9bn	Rs 9.0bn	Rs 2.5bn	Rs 1.1bn	18.90	2023-08-14
2023 Q1	Rs 38.7bn	Rs 6.0bn	Rs 1.2bn	Rs 293m	4.85	2023-05-15

Ranked against Automobile Assembler

Every peer in the same sector, ordered by composite score. These are the companies whose ratios set this one's z-scores.

AGTLAl-Ghazi Tractors Limited5.2x61

GHNIGhandhara Industries8.5x56

ATLHAtlas Honda Limited1.3x53

MTLMillat Tractors Limited4.9x53

INDUIndus Motor Company1.5x43

HCARHonda Atlas Cars Pakistan9.1x38

PSMCPak Suzuki Motor Company13.7x33

Scored as of 31 December 2025. Generated by an automated screen for research and educational use. Not investment advice, and not a substitute for a SECP-licensed adviser.