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

SHEL

HOLD

Shell Pakistan Limited

Oil & Gas Marketing · 0.36% of the KSE-100

Price

Rs 187.07

Market cap

Rs 77.6bn

12-month return

-5.4%

Rank

60 of 101

49composite

Rule-based50

ML ranker49

Conviction57

Why the engine ranks it here

Shell Pakistan Limited (SHEL) screens as fairly valued against the rest of the KSE-100, ranking 60 of 101 on a composite score of 49/100.

Shell Pakistan Limited sits in the Oil & Gas Marketing sector and scores best on profitability & earnings quality (68/100), weakest on valuation (29/100). At PKR 187.07 the shares trade on a P/E of 6.4x, 1.74x book, a 8.4% dividend yield. The Piotroski F-Score is 9 of 9 (very strong) and the Altman Z''-Score is 4.84 (watch zone).

What it does well

SHEL funds 15.4% of assets with equity.

Balance-sheet strength

SHEL carries modest debt at 0.77x of equity.

Balance-sheet strength

SHEL converts its asset base into profit efficiently at 4.4%.

Profitability & earnings quality

What holds it back

SHEL trades at 1.74x book value, above peers.

Valuation

SHEL trades on 6.4x earnings, expensive against its sector.

Valuation

SHEL is valued richly at 3.7x EV/EBITDA.

Valuation

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% weight68

Valuation25% weight29

Balance-sheet strength20% weight58

Growth15% weight36

Price trend10% weight49

The classic screens

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

Piotroski F-Score

9 / 9

very strong · 9 of 9 tests passed

Altman Z''-Score

4.84

grey zone · safe above 5.85

Profitable on assets

ROA 4.4%

Cash generative

CFO PKR 19,732m

Returns improving

ROA 4.4% vs 2.1% a year ago

Earnings backed by cash

CFO PKR 19,732m vs profit PKR 12,115m

Deleveraging

debt/assets 0.12 vs 0.12

Liquidity improving

current ratio 1.26 vs 1.25

Margin expanding

gross margin 19.2% vs 16.2%

Assets working harder

asset turnover 1.55x vs 1.51x

No shareholder dilution

415m shares vs 415m

Altman components

Working capital / assets0.070

Retained earnings / assets0.149

Operating profit / assets0.067

Equity / liabilities0.183

Sales / assets1.486

Price history

Weekly closes. Beta 1.03 against the index, annualised volatility 26%, RSI 64.

+2,966.7% 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 108.2bn	Rs 15.1bn	Rs 2.6bn	Rs 1.4bn	3.38	2026-04-30
2025 Q3	Rs 112.5bn	Rs 21.8bn	Rs 5.2bn	Rs 3.3bn	7.96	2025-11-14
2025 Q2	Rs 115.4bn	Rs 21.2bn	Rs 4.9bn	Rs 3.1bn	7.44	2025-08-14
2025 Q1	Rs 106.2bn	Rs 21.0bn	Rs 5.1bn	Rs 3.2bn	7.66	2025-05-15
2024 Q4	Rs 95.6bn	Rs 18.4bn	Rs 4.4bn	Rs 2.6bn	6.15	2025-04-30
2024 Q3	Rs 98.5bn	Rs 18.0bn	Rs 4.1bn	Rs 2.1bn	5.09	2024-11-14
2024 Q2	Rs 105.9bn	Rs 17.7bn	Rs 3.7bn	Rs 1.6bn	3.92	2024-08-14
2024 Q1	Rs 107.3bn	Rs 13.9bn	Rs 2.1bn	Rs 492m	1.19	2024-05-15
2023 Q4	Rs 103.9bn	Rs 17.7bn	Rs 3.8bn	Rs 1.6bn	3.79	2024-04-29
2023 Q3	Rs 121.0bn	Rs 20.8bn	Rs 4.5bn	Rs 2.1bn	4.98	2023-11-14
2023 Q2	Rs 141.0bn	Rs 16.1bn	Rs 1.9bn	Rs 362m	0.87	2023-08-14
2023 Q1	Rs 140.0bn	Rs 25.9bn	Rs 6.0bn	Rs 3.4bn	8.14	2023-05-15

Ranked against Oil & Gas Marketing

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

PSOPakistan State Oil Company2.0x69

HTLHi-Tech Lubricants1.7x60

APLAttock Petroleum Limited2.4x55

SHELShell Pakistan Limited6.4x49

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.