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HINO Hinopak Motors Limited

Latest results: FY2026 · Mar 2026 Q1 FY2027 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 308.28 +1.57%

Financials

Hinopak Motors Limited (HINO) financials

19 years of annual results (FY2007 – FY2026), 79 quarters.

Hinopak Motors Limited (HINO) reported revenue of Rs 11.0 bn for FY2026 (Apr 2025 – Mar 2026), up 6.4% from FY2025.

Profit attributable to shareholders was Rs 541.3 mn (EPS Rs 21.82), up 234.2%, a net margin of 4.9%.

It declared a dividend of Rs 10.91 per share for FY2026.

Net debt stood at Rs 2.0 bn.

Return on equity was 9.4%.

Over the last five years revenue grew at a compound 3.8% a year.

At Rs 308.28 (close on 16 Oct 2026) the shares trade at 22.9× earnings (TTM to Jun 2026) and 1.22× book value, with a dividend yield of 3.5%.

Fundamentals

HINO at a glance

Revenue · FY2026

Rs 11.0 bn

▲ 6.4% year on year

Profit attributable to shareholders · FY2026

Rs 541.3 mn

▲ 234.2% year on year

EPS – basic (Rs) · FY2026

Rs 21.82

▲ 234.2% year on year

Dividend per share (Rs) · FY2026

Rs 10.91

Net margin · FY2026

4.9%

+3.4 pts year on year

Debt to equity · FY2026

41.8%

+30.9 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2026
Rs 11.0 bn
Profit attributable · FY2026
Rs 541.3 mn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2026
Rs 11.6 bn
Equity · FY2026
Rs 6.1 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2026
-Rs 1.8 bn
Free cash flow · FY2026
-Rs 1.9 bn

Financial highlights

HINO financial results

HINO annual financial highlights (Rs bn)
Rs bn FY2026 Apr 2025 – Mar 2026 FY2025 Apr 2024 – Mar 2025 FY2024 Apr 2023 – Mar 2024 FY2023 * Apr 2022 – Mar 2023 FY2022 Apr 2021 – Mar 2022 FY2021 Apr 2020 – Mar 2021 FY2020 Apr 2019 – Mar 2020 FY2019 Apr 2018 – Mar 2019 FY2018 Apr 2017 – Mar 2018 FY2017 Apr 2016 – Mar 2017
Revenue 11.0 10.3 7.6 13.2 12.5 9.1 13.2 19.1 26.6 22.5
Gross profit 2.0 1.3 0.9 1.1 1.2 0.7 (0.2) 1.1 3.1 2.5
Operating profit 1.3 0.6 0.2 0.5 0.7 0.1 (0.8) 0.4 2.2 1.6
Profit after tax 0.5 0.2 (0.1) 0.0 0.4 (0.3) (2.1) (0.9) 1.1 1.1
Profit attributable to shareholders 0.5 0.2 (0.1) 0.0 0.4 (0.3) (2.1) (0.9) 1.1 1.1
EPS – basic (Rs) Rs 21.82 6.53 (5.29) 0.65 16.82 (13.37) (109.15) (46.38) 61.05 59.48
Dividend per share (Rs) Rs 10.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45.79 44.61
Total assets 11.6 10.6 10.0 9.1 10.4 7.8 9.5 14.3 14.5 10.1
Total equity 6.1 5.5 5.3 5.2 5.0 4.3 1.7 3.6 5.3 4.8
Total debt 2.5 0.6 2.3 0.0 0.1 0.0 4.1 6.8 — —
Net cash from operating activities (1.8) 1.7 (2.5) (2.5) 2.8 1.6 3.2 (10.3) 2.9 0.6
Capital expenditure (0.1) (0.1) (0.1) (0.2) (0.3) (0.2) (0.5) (0.3) (0.3) (0.3)
Free cash flow (operating cash flow − capex) (1.9) 1.6 (2.5) (2.7) 2.6 1.5 2.7 (10.5) 2.6 0.3
HINO quarterly financial highlights (Rs bn)
Rs bn TTM to Jun 2026 Q1 FY2027 Apr – Jun 2026 Q4 FY2026 Jan – Mar 2026 Q3 FY2026 Oct – Dec 2025 Q2 FY2026 Jul – Sep 2025 Q1 FY2026 Apr – Jun 2025 Q4 FY2025 Jan – Mar 2025 Q3 FY2025 Oct – Dec 2024 Q2 FY2025 Jul – Sep 2024
Revenue 10.3 3.3 2.4 1.6 3.0 4.0 3.7 2.0 2.7
Gross profit 1.7 0.5 0.4 0.4 0.5 0.8 0.5 0.2 0.4
Operating profit 1.0 0.3 0.4 (0.0) 0.3 0.6 0.4 0.0 0.2
Profit after tax 0.3 0.2 0.1 (0.1) 0.1 0.4 0.2 (0.0) 0.1
Profit attributable to shareholders 0.3 0.2 0.1 (0.1) 0.1 0.4 0.2 (0.0) 0.1
EPS – basic (Rs) Rs 13.47 8.45 3.24 (3.20) 4.98 16.81 9.92 (1.49) 2.92
Dividend per share (Rs) Rs 10.91 0.00 10.91 0.00 0.00 0.00 0.00 0.00 0.00
Total assets 9.8 9.8 11.6 11.0 11.4 12.0 10.6 9.3 9.6
Total equity 6.3 6.3 6.1 5.9 6.0 5.9 5.5 5.2 5.2
Total debt 0.8 0.8 2.5 2.7 1.5 1.9 0.6 0.2 0.8
Net cash from operating activities 1.2 1.5 0.5 (1.3) 0.5 (1.4) (0.2) 0.1 1.2
Capital expenditure (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0)
Free cash flow (operating cash flow − capex) 1.1 1.5 0.4 (1.3) 0.4 (1.4) (0.2) 0.0 1.2

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.

HINO charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 27 bn -Rs 2 bn Revenue FY17: Rs 22.5 bn Profit attributable FY17: Rs 1.1 bn FY17 Revenue FY18: Rs 26.6 bn Profit attributable FY18: Rs 1.1 bn FY18 Revenue FY19: Rs 19.1 bn Profit attributable FY19: -Rs 873.3 mn FY19 Revenue FY20: Rs 13.2 bn Profit attributable FY20: -Rs 2.1 bn FY20 Revenue FY21: Rs 9.1 bn Profit attributable FY21: -Rs 288.3 mn FY21 Revenue FY22: Rs 12.5 bn Profit attributable FY22: Rs 417.1 mn FY22 Revenue FY23: Rs 13.2 bn Profit attributable FY23: Rs 16.0 mn FY23 Revenue FY24: Rs 7.6 bn Profit attributable FY24: -Rs 131.1 mn FY24 Revenue FY25: Rs 10.3 bn Profit attributable FY25: Rs 162.0 mn FY25 Revenue FY26: Rs 11.0 bn Profit attributable FY26: Rs 541.3 mn FY26
Margins Gross margin Operating margin Net margin
Margins 21% 3% -16% Gross margin FY17: 11.0% Gross margin FY18: 11.5% Gross margin FY19: 5.9% Gross margin FY20: -1.3% Gross margin FY21: 7.5% Gross margin FY22: 9.7% Gross margin FY23: 8.5% Gross margin FY24: 11.9% Gross margin FY25: 12.5% Gross margin FY26: 18.6% Operating margin FY17: 7.1% Operating margin FY18: 8.1% Operating margin FY19: 2.1% Operating margin FY20: -6.2% Operating margin FY21: 0.7% Operating margin FY22: 5.4% Operating margin FY23: 3.8% Operating margin FY24: 2.3% Operating margin FY25: 5.7% Operating margin FY26: 11.6% Net margin FY17: 5.0% Net margin FY18: 4.3% Net margin FY19: -4.6% Net margin FY20: -15.6% Net margin FY21: -3.2% Net margin FY22: 3.3% Net margin FY23: 0.1% Net margin FY24: -1.7% Net margin FY25: 1.6% Net margin FY26: 4.9% FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 3 bn -Rs 11 bn Operating cash flow FY17: Rs 586.9 mn Capex FY17: -Rs 311.8 mn Free cash flow FY17: Rs 275.1 mn FY17 Operating cash flow FY18: Rs 2.9 bn Capex FY18: -Rs 253.6 mn Free cash flow FY18: Rs 2.6 bn FY18 Operating cash flow FY19: -Rs 10.3 bn Capex FY19: -Rs 275.3 mn Free cash flow FY19: -Rs 10.5 bn FY19 Operating cash flow FY20: Rs 3.2 bn Capex FY20: -Rs 529.6 mn Free cash flow FY20: Rs 2.7 bn FY20 Operating cash flow FY21: Rs 1.6 bn Capex FY21: -Rs 190.1 mn Free cash flow FY21: Rs 1.5 bn FY21 Operating cash flow FY22: Rs 2.8 bn Capex FY22: -Rs 297.3 mn Free cash flow FY22: Rs 2.6 bn FY22 Operating cash flow FY23: -Rs 2.5 bn Capex FY23: -Rs 185.0 mn Free cash flow FY23: -Rs 2.7 bn FY23 Operating cash flow FY24: -Rs 2.5 bn Capex FY24: -Rs 82.9 mn Free cash flow FY24: -Rs 2.5 bn FY24 Operating cash flow FY25: Rs 1.7 bn Capex FY25: -Rs 81.7 mn Free cash flow FY25: Rs 1.6 bn FY25 Operating cash flow FY26: -Rs 1.8 bn Capex FY26: -Rs 95.2 mn Free cash flow FY26: -Rs 1.9 bn FY26