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

ITTEFAQ

HOLD

Ittefaq Iron Industries

Engineering · 0.15% of the KSE-100

Price

Rs 12.25

Market cap

Rs 2.1bn

12-month return

-9.9%

Rank

55 of 101

50composite

Rule-based50

ML ranker82

Conviction60

Why the engine ranks it here

Ittefaq Iron Industries (ITTEFAQ) screens as fairly valued against the rest of the KSE-100, ranking 55 of 101 on a composite score of 50/100.

Ittefaq Iron Industries sits in the Engineering sector and scores best on valuation (61/100), weakest on balance-sheet strength (40/100). At PKR 12.25 the shares trade on a P/E of 1.6x, 0.20x book, a 14.6% dividend yield. The Piotroski F-Score is 8 of 9 (very strong) and the Altman Z''-Score is 4.33 (watch zone).

What it does well

ITTEFAQ returns 12.3% on invested capital.

Profitability & earnings quality

ITTEFAQ earns 13.3% on shareholders' money, well ahead of its Engineering peers.

Profitability & earnings quality

ITTEFAQ is valued at 2.0x EV/EBITDA.

Valuation

What holds it back

ITTEFAQ holds only 1.14x of current assets against current liabilities.

Balance-sheet strength

ITTEFAQ carries heavy debt at 1.34x of equity.

Balance-sheet strength

ITTEFAQ funds only 12.6% of assets with equity.

Balance-sheet strength

Risk flag: operating profit barely covers finance cost.

Risk

What would change this view

→ a reduction in net debt or a visible improvement in interest cover

Five-pillar breakdown

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

Profitability & earnings quality30% weight58

Valuation25% weight61

Balance-sheet strength20% weight40

Growth15% weight50

Price trend10% weight43

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

4.33

grey zone · safe above 5.85

Profitable on assets

ROA 1.5%

Cash generative

CFO PKR 4,992m

Returns improving

ROA 1.5% vs -7.6% a year ago

Earnings backed by cash

CFO PKR 4,992m vs profit PKR 1,322m

Deleveraging

debt/assets 0.17 vs 0.29

Liquidity improving

current ratio 1.14 vs 1.09

Margin expanding

gross margin 18.5% vs 3.0%

Assets working harder

asset turnover 1.14x vs 1.18x

No shareholder dilution

170m shares vs 170m

Altman components

Working capital / assets0.035

Retained earnings / assets0.109

Operating profit / assets0.050

Equity / liabilities0.144

Sales / assets1.176

Risk flags

Hard rules that cap the composite score regardless of how the pillars read.

operating profit barely covers finance cost

Price history

Weekly closes. Beta 1.11 against the index, annualised volatility 29%, RSI 38.

+236.5% 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 26.2bn	Rs 6.1bn	Rs 1.6bn	Rs 931m	5.49	2026-04-30
2025 Q3	Rs 23.9bn	Rs 3.9bn	Rs 820m	Rs 278m	1.64	2025-11-14
2025 Q2	Rs 25.3bn	Rs 4.7bn	Rs 1.1bn	Rs 431m	2.54	2025-08-14
2025 Q1	Rs 25.4bn	Rs 5.1bn	Rs 1.3bn	Rs 446m	2.63	2025-05-15
2024 Q4	Rs 22.7bn	Rs 4.2bn	Rs 983m	Rs 168m	0.99	2025-04-30
2024 Q3	Rs 22.6bn	Rs 679m	Rs -656m	Rs -1.4bn	-8.33	2024-11-14
2024 Q2	Rs 26.7bn	Rs 801m	Rs -697m	Rs -1.5bn	-8.98	2024-08-14
2024 Q1	Rs 29.8bn	Rs 893m	Rs -1.5bn	Rs -2.1bn	-12.56	2024-05-15
2023 Q4	Rs 29.6bn	Rs 888m	Rs -1.3bn	Rs -1.9bn	-11.45	2024-04-29
2023 Q3	Rs 32.9bn	Rs 988m	Rs -962m	Rs -1.5bn	-9.13	2023-11-14
2023 Q2	Rs 38.0bn	Rs 1.1bn	Rs -2.0bn	Rs -2.4bn	-14.35	2023-08-14
2023 Q1	Rs 43.9bn	Rs 1.3bn	Rs -1.4bn	Rs -1.7bn	-10.27	2023-05-15

Ranked against Engineering

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

ISLInternational Steels Limited8.4x56

ASTLAmreli Steels Limited1.8x50

ITTEFAQIttefaq Iron Industries1.6x50

MUGHALMughal Iron & Steel Industries6.2x34

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.