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

ICI

AVOID

ICI Pakistan Limited

Chemicals · 1.16% of the KSE-100

Price

Rs 268.06

Market cap

Rs 218.0bn

12-month return

+5.8%

Rank

96 of 101

32composite

Rule-based46

ML ranker6

Conviction30

Why the engine ranks it here

ICI Pakistan Limited (ICI) screens as one of the least attractive names in the KSE-100, ranking 96 of 101 on a composite score of 32/100.

ICI Pakistan Limited sits in the Chemicals sector and scores best on balance-sheet strength (59/100), weakest on valuation (32/100). At PKR 268.06 the shares trade on a P/E of 3.3x, 0.55x book, a 16.8% dividend yield. The Piotroski F-Score is 7 of 9 (strong) and the Altman Z''-Score is 7.04 (financially sound).

What it does well

ICI holds 2.35x of current assets against current liabilities.

Balance-sheet strength

ICI sits at 0.8x net debt to EBITDA.

Balance-sheet strength

ICI is unusually steady at 24.4% annualised volatility.

Price trend

What holds it back

ICI trades at 0.55x book value, above peers.

Valuation

ICI funds only 32.5% of assets with equity.

Balance-sheet strength

ICI earnings moved 35.1% year on year.

Growth

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% weight52

Valuation25% weight32

Balance-sheet strength20% weight59

Growth15% weight43

Price trend10% weight44

The classic screens

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

Piotroski F-Score

7 / 9

strong · 7 of 9 tests passed

Altman Z''-Score

7.04

safe zone · safe above 5.85

Profitable on assets

ROA 5.6%

Cash generative

CFO PKR 86,163m

Returns improving

ROA 5.6% vs 4.1% a year ago

Earnings backed by cash

CFO PKR 86,163m vs profit PKR 66,190m

Deleveraging

debt/assets 0.20 vs 0.20

Liquidity improving

current ratio 2.35 vs 2.40

Margin expanding

gross margin 29.8% vs 29.0%

Assets working harder

asset turnover 1.04x vs 1.04x

No shareholder dilution

813m shares vs 813m

Altman components

Working capital / assets0.259

Retained earnings / assets0.300

Operating profit / assets0.090

Equity / liabilities0.482

Sales / assets1.018

Price history

Weekly closes. Beta 1.01 against the index, annualised volatility 24%, RSI 49.

+578.5% 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 313.0bn	Rs 88.3bn	Rs 25.7bn	Rs 15.1bn	18.59	2026-04-30
2025 Q3	Rs 321.4bn	Rs 98.2bn	Rs 29.5bn	Rs 17.8bn	21.89	2025-11-14
2025 Q2	Rs 324.1bn	Rs 74.2bn	Rs 19.6bn	Rs 11.2bn	13.76	2025-08-14
2025 Q1	Rs 312.4bn	Rs 99.4bn	Rs 30.3bn	Rs 18.7bn	23.01	2025-05-15
2024 Q4	Rs 283.9bn	Rs 98.5bn	Rs 30.9bn	Rs 18.5bn	22.73	2025-04-30
2024 Q3	Rs 282.0bn	Rs 84.8bn	Rs 25.3bn	Rs 13.2bn	16.25	2024-11-14
2024 Q2	Rs 310.9bn	Rs 94.9bn	Rs 28.5bn	Rs 14.0bn	17.23	2024-08-14
2024 Q1	Rs 313.9bn	Rs 88.8bn	Rs 25.9bn	Rs 11.3bn	13.87	2024-05-15
2023 Q4	Rs 332.1bn	Rs 91.4bn	Rs 26.4bn	Rs 10.5bn	12.90	2024-04-29
2023 Q3	Rs 360.7bn	Rs 90.2bn	Rs 25.0bn	Rs 8.2bn	10.05	2023-11-14
2023 Q2	Rs 434.8bn	Rs 92.2bn	Rs 23.3bn	Rs 6.9bn	8.47	2023-08-14
2023 Q1	Rs 473.2bn	Rs 77.3bn	Rs 16.0bn	Rs 3.4bn	4.13	2023-05-15

Ranked against Chemicals

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

BERGBerger Paints Pakistan0.6x74

SITCSitara Chemical Industries1.3x70

EPCLEngro Polymer & Chemicals0.3x42

LOTCHEMLucky Core Industries Chemical2.3x35

ICIICI Pakistan Limited3.3x32

ARPLArchroma Pakistan Limited3.5x31

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.