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%

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INDU

REDUCE

Indus Motor Company

Automobile Assembler · 1.16% of the KSE-100

Price

Rs 74.26

Market cap

Rs 67.6bn

12-month return

-34.6%

Rank

76 of 101

43composite

Rule-based58

ML ranker15

Conviction45

Why the engine ranks it here

Indus Motor Company (INDU) screens poorly against the rest of the KSE-100, ranking 76 of 101 on a composite score of 43/100.

Indus Motor Company sits in the Automobile Assembler sector and scores best on valuation (70/100), weakest on price trend (31/100). At PKR 74.26 the shares trade on a P/E of 1.5x, 0.54x book, a 20.6% dividend yield. The Piotroski F-Score is 8 of 9 (very strong) and the Altman Z''-Score is 5.87 (financially sound).

What it does well

INDU holds 4.03x of current assets against current liabilities.

Balance-sheet strength

INDU sits at -0.8x net debt to EBITDA.

Balance-sheet strength

INDU is valued at 0.0x EV/EBITDA.

Valuation

What holds it back

INDU trades -29.8% relative to its 200-day average.

Price trend

INDU has lagged the KSE-100 by -38.0% over six months.

Price trend

INDU runs a thin 3.1% operating margin.

Profitability & earnings quality

What would change this view

→ the price reclaiming its 200-day average on rising volume

Five-pillar breakdown

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

Profitability & earnings quality30% weight57

Valuation25% weight71

Balance-sheet strength20% weight53

Growth15% weight61

Price trend10% weight31

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

5.87

safe zone · safe above 5.85

Profitable on assets

ROA 2.1%

Cash generative

CFO PKR 172,792m

Returns improving

ROA 2.1% vs -1.8% a year ago

Earnings backed by cash

CFO PKR 172,792m vs profit PKR 44,080m

Deleveraging

debt/assets 0.05 vs 0.07

Liquidity improving

current ratio 4.03 vs 3.59

Margin expanding

gross margin 15.7% vs 5.8%

Assets working harder

asset turnover 0.83x vs 0.89x

No shareholder dilution

910m shares vs 910m

Altman components

Working capital / assets0.338

Retained earnings / assets0.049

Operating profit / assets0.026

Equity / liabilities0.063

Sales / assets0.834

Price history

Weekly closes. Beta 1.29 against the index, annualised volatility 35%, RSI 35.

+1,171.6% 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 458.9bn	Rs 84.8bn	Rs 19.5bn	Rs 15.3bn	16.86	2026-04-30
2025 Q3	Rs 469.8bn	Rs 62.4bn	Rs 10.0bn	Rs 8.9bn	9.79	2025-11-14
2025 Q2	Rs 459.4bn	Rs 87.1bn	Rs 20.4bn	Rs 16.2bn	17.85	2025-08-14
2025 Q1	Rs 442.5bn	Rs 93.5bn	Rs 23.6bn	Rs 18.0bn	19.77	2025-05-15
2024 Q4	Rs 404.2bn	Rs 36.1bn	Rs 1.4bn	Rs 934m	1.03	2025-04-30
2024 Q3	Rs 440.8bn	Rs 32.7bn	Rs -1.2bn	Rs -3.7bn	-4.02	2024-11-14
2024 Q2	Rs 523.9bn	Rs 20.1bn	Rs -9.0bn	Rs -12.4bn	-13.61	2024-08-14
2024 Q1	Rs 533.8bn	Rs 23.2bn	Rs -8.1bn	Rs -14.3bn	-15.69	2024-05-15
2023 Q4	Rs 575.6bn	Rs 44.5bn	Rs -753m	Rs -11.4bn	-12.55	2024-04-29
2023 Q3	Rs 675.7bn	Rs 20.3bn	Rs -14.7bn	Rs -26.8bn	-29.47	2023-11-14
2023 Q2	Rs 792.2bn	Rs 23.8bn	Rs -20.6bn	Rs -34.5bn	-37.86	2023-08-14
2023 Q1	Rs 878.5bn	Rs 90.3bn	Rs 8.0bn	Rs -8.9bn	-9.81	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.