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Compare Watch

PIOC

BUY

Pioneer Cement Limited

Cement · 0.36% of the KSE-100

Price

Rs 54.55

Market cap

Rs 32.8bn

12-month return

+58.7%

Rank

31 of 101

59composite

Rule-based60

ML ranker57

Conviction77

Why the engine ranks it here

Pioneer Cement Limited (PIOC) screens as attractive relative to the rest of the KSE-100, ranking 31 of 101 on a composite score of 59/100.

Pioneer Cement Limited sits in the Cement sector and scores best on balance-sheet strength (69/100), weakest on profitability & earnings quality (55/100). At PKR 54.55 the shares trade on a P/E of 0.5x, 0.11x book, a 60.0% dividend yield. The Piotroski F-Score is 8 of 9 (very strong) and the Altman Z''-Score is 9.30 (financially sound).

What it does well

PIOC covers its finance cost 6.7x over.

Balance-sheet strength

PIOC sits at 0.1x net debt to EBITDA.

Balance-sheet strength

PIOC is up 69.1% over the last year excluding the latest month.

Price trend

What holds it back

PIOC earnings moved 89.1% year on year.

Growth

PIOC free cash flow is 6.3% of sales.

Profitability & earnings quality

PIOC books -2.4% of assets as accruals, so profit is running ahead of cash.

Profitability & earnings quality

What would change this view

→ margin recovery, and operating cash flow catching up with reported profit

Five-pillar breakdown

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

Profitability & earnings quality30% weight55

Valuation25% weight60

Balance-sheet strength20% weight69

Growth15% weight57

Price trend10% weight61

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

9.30

safe zone · safe above 5.85

Profitable on assets

ROA 12.3%

Cash generative

CFO PKR 72,883m

Returns improving

ROA 12.3% vs 6.7% a year ago

Earnings backed by cash

CFO PKR 72,883m vs profit PKR 60,987m

Deleveraging

debt/assets 0.21 vs 0.21

Liquidity improving

current ratio 1.90 vs 1.79

Margin expanding

gross margin 44.2% vs 30.2%

Assets working harder

asset turnover 1.24x vs 1.26x

No shareholder dilution

601m shares vs 601m

Altman components

Working capital / assets0.201

Retained earnings / assets0.588

Operating profit / assets0.176

Equity / liabilities1.546

Sales / assets1.196

Price history

Weekly closes. Beta 1.03 against the index, annualised volatility 28%, RSI 49.

+214.2% 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 161.0bn	Rs 71.3bn	Rs 23.8bn	Rs 16.1bn	26.84	2026-04-30
2025 Q3	Rs 158.5bn	Rs 48.6bn	Rs 14.6bn	Rs 9.6bn	16.03	2025-11-14
2025 Q2	Rs 163.5bn	Rs 84.7bn	Rs 29.2bn	Rs 20.0bn	33.28	2025-08-14
2025 Q1	Rs 152.7bn	Rs 77.0bn	Rs 26.4bn	Rs 17.9bn	29.86	2025-05-15
2024 Q4	Rs 140.1bn	Rs 61.1bn	Rs 20.3bn	Rs 13.4bn	22.38	2025-04-30
2024 Q3	Rs 138.2bn	Rs 51.4bn	Rs 16.4bn	Rs 10.3bn	17.10	2024-11-14
2024 Q2	Rs 152.1bn	Rs 36.4bn	Rs 9.8bn	Rs 5.3bn	8.79	2024-08-14
2024 Q1	Rs 161.9bn	Rs 35.2bn	Rs 9.0bn	Rs 4.7bn	7.88	2024-05-15
2023 Q4	Rs 155.8bn	Rs 60.8bn	Rs 19.7bn	Rs 12.0bn	19.92	2024-04-29
2023 Q3	Rs 170.6bn	Rs 50.0bn	Rs 14.8bn	Rs 8.3bn	13.87	2023-11-14
2023 Q2	Rs 213.3bn	Rs 38.9bn	Rs 8.9bn	Rs 4.3bn	7.11	2023-08-14
2023 Q1	Rs 228.6bn	Rs 39.9bn	Rs 8.8bn	Rs 4.7bn	7.89	2023-05-15

Ranked against Cement

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

MLCFMaple Leaf Cement Factory0.2x60

PIOCPioneer Cement Limited0.5x59

LUCKLucky Cement Limited0.6x51

BWCLBestway Cement Limited1.3x50

CHCCCherat Cement Company0.1x50

KOHCKohat Cement Company0.4x49

GWLCGharibwal Cement Limited0.2x39

ACPLAttock Cement Pakistan1.2x38

FCCLFauji Cement Company1.2x38

DGKCD.G. Khan Cement Company3.4x30

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.