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

NCPL

REDUCE

Nishat Chunian Power

Power Generation · 0.15% of the KSE-100

Price

Rs 27.70

Market cap

Rs 2.5bn

12-month return

+19.9%

Rank

72 of 101

44composite

Rule-based54

ML ranker26

Conviction48

Why the engine ranks it here

Nishat Chunian Power (NCPL) screens poorly against the rest of the KSE-100, ranking 72 of 101 on a composite score of 44/100.

Nishat Chunian Power sits in the Power Generation sector and scores best on price trend (68/100), weakest on growth (33/100). At PKR 27.70 the shares trade on a P/E of 0.8x, 0.16x book, a 60.0% dividend yield. The Piotroski F-Score is 6 of 9 (strong) and the Altman Z''-Score is 7.39 (financially sound).

What it does well

NCPL has beaten the KSE-100 by 36.8% over six months.

Price trend

NCPL throws off a 122.7% free cash flow yield.

Valuation

NCPL backs its reported profit with 1.51x of operating cash.

Profitability & earnings quality

What holds it back

NCPL returns only 14.2% on invested capital.

Profitability & earnings quality

NCPL earns only 20.8% on shareholders' money, behind its Power Generation peers.

Profitability & earnings quality

NCPL generates just 9.4% on its asset base.

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% weight49

Valuation25% weight67

Balance-sheet strength20% weight54

Growth15% weight33

Price trend10% weight68

The classic screens

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

Piotroski F-Score

6 / 9

strong · 6 of 9 tests passed

Altman Z''-Score

7.39

safe zone · safe above 5.85

Profitable on assets

ROA 9.4%

Cash generative

CFO PKR 4,969m

Returns improving

ROA 9.4% vs 6.0% a year ago

Earnings backed by cash

CFO PKR 4,969m vs profit PKR 3,291m

Deleveraging

debt/assets 0.42 vs 0.40

Liquidity improving

current ratio 1.54 vs 1.60

Margin expanding

gross margin 50.4% vs 42.3%

Assets working harder

asset turnover 0.99x vs 1.03x

No shareholder dilution

90m shares vs 90m

Altman components

Working capital / assets0.140

Retained earnings / assets0.367

Operating profit / assets0.174

Equity / liabilities0.817

Sales / assets1.003

Price history

Weekly closes. Beta 0.75 against the index, annualised volatility 25%, RSI 59.

+83.9% 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 7.9bn	Rs 4.2bn	Rs 1.5bn	Rs 799m	8.91	2026-04-30
2025 Q3	Rs 8.6bn	Rs 5.9bn	Rs 2.1bn	Rs 1.3bn	14.14	2025-11-14
2025 Q2	Rs 9.0bn	Rs 4.0bn	Rs 1.3bn	Rs 716m	7.99	2025-08-14
2025 Q1	Rs 9.0bn	Rs 3.6bn	Rs 1.2bn	Rs 589m	6.57	2025-05-15
2024 Q4	Rs 8.2bn	Rs 4.1bn	Rs 1.4bn	Rs 719m	8.03	2025-04-30
2024 Q3	Rs 8.5bn	Rs 3.3bn	Rs 1.1bn	Rs 428m	4.78	2024-11-14
2024 Q2	Rs 9.7bn	Rs 5.6bn	Rs 2.0bn	Rs 1.0bn	11.18	2024-08-14
2024 Q1	Rs 9.6bn	Rs 2.8bn	Rs 811m	Rs 186m	2.08	2024-05-15
2023 Q4	Rs 9.3bn	Rs 4.1bn	Rs 1.4bn	Rs 565m	6.30	2024-04-29
2023 Q3	Rs 10.3bn	Rs 4.1bn	Rs 1.3bn	Rs 554m	6.18	2023-11-14
2023 Q2	Rs 11.1bn	Rs 5.6bn	Rs 1.9bn	Rs 963m	10.75	2023-08-14
2023 Q1	Rs 10.4bn	Rs 3.8bn	Rs 1.2bn	Rs 519m	5.80	2023-05-15

Ranked against Power Generation

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

KAPCOKot Addu Power Company1.2x71

NPLNishat Power Limited0.8x69

KELK-Electric Limited1.7x60

NCPLNishat Chunian Power0.8x44

HUBCThe Hub Power Company3.3x32

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.