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

HCAR

AVOID

Honda Atlas Cars Pakistan

Automobile Assembler · 0.36% of the KSE-100

Price

Rs 752.93

Market cap

Rs 159.1bn

12-month return

-10.6%

Rank

87 of 101

38composite

Rule-based49

ML ranker17

Conviction37

Why the engine ranks it here

Honda Atlas Cars Pakistan (HCAR) screens as one of the least attractive names in the KSE-100, ranking 87 of 101 on a composite score of 38/100.

Honda Atlas Cars Pakistan sits in the Automobile Assembler sector and scores best on balance-sheet strength (58/100), weakest on valuation (38/100). At PKR 752.93 the shares trade on a P/E of 9.1x, 1.11x book, a 4.6% dividend yield. The Piotroski F-Score is 8 of 9 (very strong) and the Altman Z''-Score is 6.91 (financially sound).

What it does well

HCAR has compounded revenue at -21.2% a year over three years.

Growth

HCAR carries modest debt at 0.37x of equity.

Balance-sheet strength

HCAR funds 38.7% of assets with equity.

Balance-sheet strength

What holds it back

HCAR pays little income at a 4.6% yield.

Valuation

HCAR trades -17.0% relative to its 200-day average.

Price trend

HCAR free cash flow is 3.4% of sales.

Profitability & earnings quality

What would change this view

→ a pull-back in the share price, or earnings catching up with the current multiple

Five-pillar breakdown

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

Profitability & earnings quality30% weight53

Valuation25% weight38

Balance-sheet strength20% weight58

Growth15% weight55

Price trend10% weight42

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

6.91

safe zone · safe above 5.85

Profitable on assets

ROA 4.7%

Cash generative

CFO PKR 34,208m

Returns improving

ROA 4.7% vs 1.9% a year ago

Earnings backed by cash

CFO PKR 34,208m vs profit PKR 17,427m

Deleveraging

debt/assets 0.14 vs 0.15

Liquidity improving

current ratio 2.03 vs 1.95

Margin expanding

gross margin 25.9% vs 18.7%

Assets working harder

asset turnover 1.04x vs 1.14x

No shareholder dilution

211m shares vs 211m

Altman components

Working capital / assets0.192

Retained earnings / assets0.377

Operating profit / assets0.075

Equity / liabilities0.632

Sales / assets1.037

Price history

Weekly closes. Beta 1.18 against the index, annualised volatility 29%, RSI 30.

+1,328.7% 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 102.4bn	Rs 30.1bn	Rs 8.9bn	Rs 5.8bn	27.59	2026-04-30
2025 Q3	Rs 98.7bn	Rs 27.5bn	Rs 8.0bn	Rs 5.1bn	24.29	2025-11-14
2025 Q2	Rs 102.0bn	Rs 27.0bn	Rs 7.7bn	Rs 4.9bn	23.37	2025-08-14
2025 Q1	Rs 95.7bn	Rs 23.6bn	Rs 6.5bn	Rs 4.0bn	19.06	2025-05-15
2024 Q4	Rs 87.4bn	Rs 21.1bn	Rs 5.7bn	Rs 3.3bn	15.75	2025-04-30
2024 Q3	Rs 92.7bn	Rs 20.3bn	Rs 5.2bn	Rs 2.6bn	12.20	2024-11-14
2024 Q2	Rs 106.3bn	Rs 20.6bn	Rs 4.9bn	Rs 2.0bn	9.38	2024-08-14
2024 Q1	Rs 120.2bn	Rs 19.9bn	Rs 4.2bn	Rs 1.4bn	6.67	2024-05-15
2023 Q4	Rs 118.3bn	Rs 20.9bn	Rs 4.6bn	Rs 1.5bn	6.86	2024-04-29
2023 Q3	Rs 133.3bn	Rs 24.8bn	Rs 5.7bn	Rs 2.0bn	9.56	2023-11-14
2023 Q2	Rs 150.2bn	Rs 22.8bn	Rs 4.3bn	Rs 881m	4.17	2023-08-14
2023 Q1	Rs 169.1bn	Rs 25.9bn	Rs 5.0bn	Rs 1.5bn	7.04	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.