Last close · 16 Oct 2026
Rs 45.72 +2.74%
Financials
Gharibwal Cement Limited (GWLC) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Gharibwal Cement Limited (GWLC) reported revenue of Rs 22.3 bn for FY2026 (Jul 2025 – Jun 2026), up 13.7% from FY2025.
Profit attributable to shareholders was Rs 2.3 bn (EPS Rs 5.86), up 6.4%, a net margin of 10.5%.
No cash dividend was declared for FY2026.
The balance sheet showed net cash of Rs 5.1 bn.
Return on equity was 8.7%.
Over the last five years revenue grew at a compound 13.0% a year.
At Rs 45.72 (close on 16 Oct 2026) the shares trade at 7.8× earnings (FY2026) and 0.65× book value.
Fundamentals
GWLC at a glance
Revenue · FY2026
Rs 22.3 bn
▲ 13.7% year on year
Profit attributable to shareholders · FY2026
Rs 2.3 bn
▲ 6.4% year on year
EPS – basic (Rs) · FY2026
Rs 5.86
▲ 6.4% year on year
Dividend per share (Rs) · FY2026
Rs 0.00
▼ 100.0% year on year
Net margin · FY2026
10.5%
-0.7 pts year on year
Debt to equity · FY2026
3.6%
+0.2 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 22.3 bn
- Profit attributable · FY2026
- Rs 2.3 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 41.5 bn
- Equity · FY2026
- Rs 28.0 bn
Financial highlights
GWLC financial results
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.3 | 19.6 | 18.2 | 18.3 | 16.2 | 12.1 | 8.7 | 11.4 | 11.5 | 11.2 |
| Gross profit | 4.2 | 4.6 | 3.8 | 3.8 | 3.8 | 3.2 | 0.1 | 2.6 | 2.7 | 3.9 |
| Operating profit | 3.1 | 3.5 | 2.7 | 2.8 | 2.9 | 2.6 | (0.3) | 2.0 | 2.2 | 3.3 |
| Profit after tax | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 | 1.6 | 0.1 | 0.7 | 1.5 | 2.3 |
| Profit attributable to shareholders | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 | 1.6 | 0.1 | 0.7 | 1.5 | 2.3 |
| EPS – basic (Rs) Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 | 3.88 | 0.33 | 1.84 | 3.77 | 5.71 |
| Dividend per share (Rs) Rs | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.75 | 0.00 | 0.50 | 1.50 | 3.00 |
| Total assets | 41.5 | 38.7 | 37.1 | 35.0 | 26.2 | 26.7 | 25.5 | 23.3 | 22.8 | 21.6 |
| Total equity | 28.0 | 25.9 | 24.1 | 22.3 | 16.8 | 15.8 | 14.5 | 12.5 | 12.5 | 11.4 |
| Total debt | 1.0 | 0.9 | 1.2 | 0.5 | 1.5 | 2.6 | 3.3 | 4.0 | 4.3 | 4.5 |
| Net cash from operating activities | 5.2 | 3.3 | 0.9 | 3.3 | 1.1 | 2.3 | 1.2 | 1.4 | 2.5 | 3.5 |
| Capital expenditure | (1.1) | (1.7) | (1.5) | (2.3) | (0.3) | (0.4) | (0.1) | (0.2) | (1.4) | (3.8) |
| Free cash flow (operating cash flow − capex) | 4.2 | 1.6 | (0.6) | 1.0 | 0.8 | 1.8 | 1.2 | 1.1 | 1.2 | (0.3) |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.3 | 5.8 | 5.4 | 6.1 | 4.9 | 4.9 | 4.9 | 5.5 | 4.3 |
| Gross profit | 4.2 | 0.9 | 1.0 | 1.6 | 0.7 | 1.9 | 1.0 | 0.5 | 1.2 |
| Operating profit | 3.1 | 0.6 | 0.8 | 1.3 | 0.4 | 1.5 | 0.8 | 0.4 | 0.9 |
| Profit after tax | 2.3 | 0.6 | 0.5 | 0.9 | 0.3 | 0.9 | 0.5 | 0.3 | 0.5 |
| Profit attributable to shareholders | 2.3 | 0.6 | 0.5 | 0.9 | 0.3 | 0.9 | 0.5 | 0.3 | 0.5 |
| EPS – basic (Rs) Rs | 5.86 | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| Dividend per share (Rs) Rs | 1.00 | 0.00 | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 |
| Total assets | 41.5 | 41.5 | 40.9 | 40.6 | 39.0 | 38.7 | 38.3 | 38.2 | 38.0 |
| Total equity | 28.0 | 28.0 | 27.4 | 26.9 | 26.1 | 25.9 | 25.3 | 24.8 | 24.6 |
| Total debt | 1.0 | 1.0 | 0.7 | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 | 1.1 |
| Net cash from operating activities | 5.2 | 1.8 | 0.8 | 0.5 | 2.2 | 0.2 | 0.8 | 1.9 | 0.4 |
| Capital expenditure | (1.1) | (0.2) | (0.3) | (0.3) | (0.3) | (0.7) | (0.6) | (0.3) | (0.2) |
| Free cash flow (operating cash flow − capex) | 4.1 | 1.6 | 0.4 | 0.2 | 1.9 | (0.4) | 0.2 | 1.6 | 0.2 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.