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Engineering

ISL International Steels Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 79.06 +1.26%

Annual · FY2009 – FY2026

International Steels Limited (ISL) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) International Steels Limited had total assets of Rs 55.6 bn, up 11.0% on FY2025. Current assets of Rs 35.2 bn covered current liabilities of Rs 27.0 bn 1.31 times. Total debt was Rs 11.5 bn, net debt Rs 8.9 bn. Shareholders' equity was Rs 26.8 bn (Rs 61.63 per share), 48.2% of total assets.

ISL balance sheet (annual) (Rs bn)
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
Assets
Cash & short-term investments 2.6 3.4 2.7 1.8 0.9
Trade receivables 3.1 1.4 1.4 1.1 1.0
Inventories 27.8 22.7 19.3 18.3 31.2
Other current assets 0.1 0.1 0.1 0.0 0.0
Total current assets 35.2 28.5 24.2 21.7 34.9
Property, plant & equipment 20.1 21.2 20.0 20.3 20.8
Intangible assets 0.3 0.3 0.4 0.3 0.2
Other non-current assets — 0.0 0.0 0.0 0.0
Total non-current assets 20.4 21.6 20.4 20.7 21.0
Total assets 55.6 50.1 44.7 42.4 55.9
Liabilities
Trade payables 4.4 8.2 5.7 4.2 0.4
Short-term borrowings & current portion of debt 10.9 4.8 3.9 3.7 18.8
Total current liabilities 27.0 22.3 18.7 17.4 29.2
Long-term debt 0.6 0.7 0.8 1.0 2.8
Other non-current liabilities 0.0 0.1 0.1 0.3 0.6
Total non-current liabilities 1.8 2.6 2.8 3.3 5.1
Total liabilities 28.8 25.0 21.5 20.7 34.3
Equity
Share capital 4.4 4.4 4.4 4.4 4.4
Reserves & retained earnings 22.5 20.8 18.8 17.3 17.2
Equity attributable to shareholders 26.8 25.1 23.2 21.7 21.6
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 26.8 25.1 23.2 21.7 21.6
Total liabilities & equity 55.6 50.1 44.7 42.4 55.9
Key figures
Total debt 11.5 5.4 4.8 4.8 21.6
Net debt / (net cash) 8.9 2.0 2.1 3.0 20.7
Shares outstanding mn 435.0 435.0 435.0 435.0 435.0
Common equity 26.8 25.1 23.2 21.7 21.6
Book value per share (Rs) Rs 61.63 57.73 53.33 49.85 49.65
ISL balance sheet — year-on-year change (Rs mn)
Rs mn 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
Assets
Cash & short-term investments -24.7% +26.9% +53.4% +96.9% +206.5%
Trade receivables +130.6% -5.1% +23.9% +11.1% +10.0%
Inventories +22.6% +18.0% +5.4% -41.3% +59.0%
Other current assets -4.1% +66.3% +148.9% -35.5% -42.4%
Total current assets +23.8% +17.4% +11.5% -37.8% +55.0%
Property, plant & equipment -5.3% +5.7% -1.5% -2.2% +8.4%
Intangible assets -11.3% -19.4% +32.1% +75.0% +19,884.9%
Other non-current assets — 0.0% 0.0% 0.0% 0.0%
Total non-current assets -5.8% +5.7% -1.0% -1.6% +9.3%
Total assets +11.0% +12.0% +5.4% -24.2% +34.0%
Liabilities
Trade payables -46.9% +44.6% +33.8% +875.4% -77.2%
Short-term borrowings & current portion of debt +129.8% +20.9% +5.3% -80.1% +127.0%
Total current liabilities +20.8% +19.1% +7.6% -40.4% +78.6%
Long-term debt -11.1% -18.7% -17.9% -63.4% -24.2%
Other non-current liabilities -37.1% -25.4% -64.4% -51.0% -20.7%
Total non-current liabilities -31.0% -4.2% -16.4% -35.2% -21.3%
Total liabilities +15.3% +16.1% +3.8% -39.6% +50.3%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +8.2% +10.2% +8.7% +0.5% +18.6%
Equity attributable to shareholders +6.8% +8.2% +7.0% +0.4% +14.3%
Non-controlling interest — — — — —
Total equity +6.8% +8.2% +7.0% +0.4% +14.3%
Total liabilities & equity +11.0% +12.0% +5.4% -24.2% +34.0%
Key figures
Total debt +111.9% +13.9% +0.3% -78.0% +80.0%
Net debt / (net cash) +345.9% -3.1% -31.0% -85.5% +76.8%
Shares outstanding — — — — —
Common equity +6.8% +8.2% +7.0% +0.4% +14.3%
Book value per share (Rs) +6.8% +8.2% +7.0% +0.4% +14.3%

Change against the previous fiscal year; shown when the earlier figure is positive.

ISL balance sheet — common size (Rs mn)
Rs mn 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
Assets
Cash & short-term investments 4.7% 6.9% 6.1% 4.2% 1.6%
Trade receivables 5.6% 2.7% 3.2% 2.7% 1.8%
Inventories 50.1% 45.4% 43.1% 43.1% 55.7%
Other current assets 0.2% 0.2% 0.2% 0.1% 0.1%
Total current assets 63.4% 56.8% 54.2% 51.3% 62.5%
Property, plant & equipment 36.1% 42.3% 44.8% 48.0% 37.2%
Intangible assets 0.5% 0.7% 0.9% 0.7% 0.3%
Other non-current assets — 0.0% 0.0% 0.0% 0.0%
Total non-current assets 36.6% 43.2% 45.8% 48.7% 37.5%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 7.8% 16.4% 12.7% 10.0% 0.8%
Short-term borrowings & current portion of debt 19.6% 9.5% 8.8% 8.8% 33.6%
Total current liabilities 48.5% 44.6% 41.9% 41.1% 52.3%
Long-term debt 1.1% 1.4% 1.9% 2.4% 5.1%
Other non-current liabilities 0.1% 0.1% 0.2% 0.7% 1.0%
Total non-current liabilities 3.3% 5.3% 6.2% 7.8% 9.1%
Total liabilities 51.8% 49.8% 48.1% 48.8% 61.4%
Equity
Share capital 7.8% 8.7% 9.7% 10.3% 7.8%
Reserves & retained earnings 40.4% 41.5% 42.2% 40.9% 30.8%
Equity attributable to shareholders 48.2% 50.2% 51.9% 51.2% 38.6%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 48.2% 50.2% 51.9% 51.2% 38.6%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 20.7% 10.9% 10.7% 11.2% 38.7%
Net debt / (net cash) 16.1% 4.0% 4.6% 7.1% 37.1%
Common equity 48.2% 50.2% 51.9% 51.2% 38.6%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 183
ISL balance sheet — all reported line items (Rs bn)
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
Cash & Cash Equivalents 2.6 3.4 2.7 1.8 0.9
Cash & Short Term Investments 2.6 3.4 2.7 1.8 0.9
Loans & Receivables - Net - Short-Term 4.3 2.2 2.2 1.6 2.8
Loans & Receivables - Total 4.3 2.2 2.2 1.6 2.8
Trade Accounts & Trade Notes Receivable - Net 3.1 1.4 1.4 1.1 1.0
Loans - Short-Term — — — — —
Income Tax - Receivables - Short-Term 1.2 0.8 0.7 0.5 1.7
Receivables - Other - Total — 0.0 0.0 0.0 0.0
Inventories - Total 27.8 22.7 19.3 18.3 31.2
Inventories - Raw Materials 14.7 13.2 8.7 9.5 17.3
Inventories - Work in Progress 4.7 2.5 1.6 0.5 5.3
Inventories - Finished Goods 7.3 6.0 7.9 7.3 7.5
Inventories - Other - Total 1.2 1.0 1.0 1.0 1.0
Prepaid Expenses - Short-Term 0.0 0.0 0.0 0.0 0.0
Assets Held for Sale/Discontinued Operations - Short-Term 0.4 — — — —
Other Current Assets - Total 0.1 0.1 0.1 0.0 0.0
Property, Plant & Equipment - Net - Total 20.1 21.2 20.0 20.3 20.8
Property, Plant & Equipment - Gross - Total 34.5 33.6 31.5 30.1 29.0
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 14.5 12.4 11.5 9.8 8.2
Other Current Assets 0.1 0.1 0.1 0.0 0.0
Other Assets - Total 0.1 0.1 0.1 0.0 0.0
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries 0.0 0.1 — — —
Intangible Assets - Total - Net 0.3 0.3 0.4 0.3 0.2
Total Current Assets 35.2 28.5 24.2 21.7 34.9
Intangible Assets - excluding Goodwill - Net - Total 0.3 0.3 0.4 0.3 0.2
Intangible Assets - Gross - Total 0.4 0.4 0.4 0.3 0.2
Intangible Assets - excluding Goodwill - Gross 0.4 0.4 0.4 0.3 0.2
Intangible Assets - Accumulated Amortization & Impairment - Total 0.1 0.0 0.0 0.0 0.0
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total 0.1 0.0 0.0 0.0 0.0
Computer Software - Intangible Assets - Net 0.3 0.3 0.0 0.0 0.0
Intangible Assets - Other - Net — — 0.4 0.3 0.2
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 20.1 21.2 20.0 20.3 20.8
Land & Buildings - Net 8.0 8.5 6.1 6.3 6.6
Land/Improvements - Net 3.5 3.5 2.8 2.8 2.8
Buildings - Net 4.5 5.0 3.3 3.5 3.8
Computer Software - Intangible Assets - Gross 0.4 0.4 0.0 0.0 0.0
Plant, Machinery & Equipment - Net 10.5 11.7 12.2 12.6 13.0
Transportation Equipment - Net 0.4 0.4 0.3 0.2 0.2
Intangible Assets - Other - Gross - Total — — 0.4 0.3 0.2
Construction in Progress - Net 0.5 0.0 1.0 0.7 0.6
Right of Use Tangible Assets - Total - Net 0.2 0.0 0.0 0.0 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net 0.2 0.0 0.0 0.0 0.1
Property, Plant & Equipment - Other - Net 0.8 0.9 0.7 0.6 0.6
Computer Software - Intangible Assets - Accumulated Amortization & Impairment 0.1 0.0 0.0 0.0 0.0
Property, Plant & Equipment - excluding Assets Leased Out - Gross 34.5 33.6 31.5 30.1 29.0
Land & Buildings - Gross 8.6 8.5 6.7 6.6 6.6
Land/Improvements - Gross 3.5 3.5 2.8 2.8 2.8
Buildings - Gross 5.0 5.0 3.8 3.8 3.8
Plant, Machinery & Equipment - Gross 24.3 24.0 22.9 22.0 21.1
Transportation Equipment - Gross 0.6 0.5 0.5 0.3 0.2
Construction in Progress - Gross 0.5 0.0 1.0 0.7 0.6
Right of Use Tangible Assets - Total - Gross 0.2 0.0 0.0 0.0 0.1
Total Assets 55.6 50.1 44.7 42.4 55.9
Right of Use Tangible Assets - Capital/Finance Lease - Gross 0.2 0.0 0.0 0.0 0.1
Property, Plant & Equipment - Other - Gross 1.1 1.1 0.9 0.8 0.7
Debt - Total 11.5 5.4 4.8 4.8 21.6
Short-Term Debt & Current Portion of Long-Term Debt 10.9 4.8 3.9 3.7 18.8
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total 14.5 12.4 11.5 9.8 8.2
Land & Buildings - Accumulated Depreciation & Impairment 0.5 0.0 0.5 0.3 0.0
Land/Improvements - Accumulated Depreciation & Impairment 0.0 0.0 0.0 0.0 0.0
Buildings - Accumulated Depreciation & Impairment 0.5 0.0 0.5 0.3 0.0
Current Portion of Long-Term Debt including Capitalized Leases 0.3 0.2 0.4 0.4 1.4
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment 13.7 12.2 10.8 9.4 8.1
Transportation Equipment - Accumulated Depreciation & Impairment 0.3 0.2 0.1 0.1 0.1
Capitalized Leases - Current Portion 0.1 0.0 0.0 0.0 0.0
Short-Term Debt & Notes Payable 10.7 4.5 3.6 3.3 17.4
Debt - Long-Term - Total 0.6 0.7 0.8 1.0 2.8
Right of Use Tangible Assets - Total/Unspecified - Accumulated Depreciation — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation — — — — —
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment 0.3 0.2 0.2 0.1 0.1
Current Portion of Long-Term Debt excluding Capitalized Leases 0.2 0.2 0.3 0.4 1.4
Capitalized Lease Obligations - Long-Term 0.1 0.0 0.0 0.0 0.0
Long-Term Debt excluding Capitalized Leases 0.5 0.7 0.8 1.0 2.8
Other Non-Current Assets - Total — 0.0 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term 0.5 0.7 0.8 1.0 2.8
Restricted Accounts - Long-Term — 0.0 0.0 0.0 0.0
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term 1.2 1.9 1.8 2.0 1.7
Deferred Tax - Liability - Long-Term 1.2 1.9 1.8 2.0 1.7
Payables & Accrued Expenses 7.6 10.8 8.9 7.3 3.8
Trade Account Payables - Total 4.4 8.2 5.7 4.2 0.4
Accrued Expenses 3.3 2.6 3.2 3.1 3.4
Derivative Liabilities - Hedging — — — — —
Total Liabilities 28.8 25.0 21.5 20.7 34.3
Shareholders' Equity - Attributable to Parent Shareholders - Total 26.8 25.1 23.2 21.7 21.6
Total Non-Current Assets 20.4 21.6 20.4 20.7 21.0
Common Equity Attributable to Parent Shareholders 26.8 25.1 23.2 21.7 21.6
Common Equity - Contributed 4.4 4.4 4.4 4.4 4.4
Common Stock - Issued & Paid 4.4 4.4 4.4 4.4 4.4
Equity - Non-Contributed - Reserves & Retained Earnings 22.5 20.8 18.8 17.3 17.2
Retained Earnings - Total 18.9 17.1 16.7 15.1 14.8
Trade Accounts Payable & Accruals - Short-Term 7.6 10.8 8.9 7.3 3.8
Comprehensive Income - Accumulated - Total 3.5 3.6 2.1 2.2 2.4
Trade Accounts & Trade Notes Payable - Short-Term 4.4 8.2 5.7 4.2 0.4
Accrued Expenses - Short-Term 3.3 2.6 3.2 3.1 3.4
Derivative Liabilities - Hedging - Short-Term — — — — —
Income Taxes - Payable - Short-Term — — 0.0 0.9 1.4
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 8.4 6.7 5.9 5.4 5.2
Common Equity - Total 26.8 25.1 23.2 21.7 21.6
Deferred Income - Short-Term 2.1 1.9 1.9 1.8 2.3
Customer Advances - Short-Term — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 26.8 25.1 23.2 21.7 21.6
Total Liabilities & Equity 55.6 50.1 44.7 42.4 55.9
Provisions - Short-Term 6.1 4.7 3.9 3.2 2.6
Other Current Liabilities 0.2 0.1 0.2 0.3 0.3
Revaluation Reserves 3.5 3.6 2.1 2.2 2.4
Total Current Liabilities 27.0 22.3 18.7 17.4 29.2
Other Non-Current Liabilities - Total 0.0 0.1 0.1 0.3 0.6
Provisions - Long-Term — — — 0.0 0.0
Post Employment Benefits - Pension & Other - Long-Term — — — 0.0 0.0
Deferred Revenue - Long-Term 0.0 0.1 0.1 0.1 0.1
Other Non-Current Liabilities — — 0.0 0.1 0.4
Total Non-Current Liabilities 1.8 2.6 2.8 3.3 5.1
Common Shares - Issued - Total mn 435.0 435.0 435.0 435.0 435.0
Common Shares - Outstanding - Total mn 435.0 435.0 435.0 435.0 435.0
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 500.0 500.0 500.0 500.0 500.0
Common Shares - Issued - Issue Specific mn 435.0 435.0 435.0 435.0 435.0
Common Shares - Outstanding - Issue Specific mn 435.0 435.0 435.0 435.0 435.0
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 0.2 0.0 0.0 0.0 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.2 0.0 0.0 0.0 0.1
Right of Use Tangible Assets - Total - Gross - Supplemental — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Gross - Supplemental — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 19.9 21.2 20.0 20.3 20.7
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental 0.2 0.0 0.0 0.0 0.1
Debt including Finance and Operating Lease Liabilities - Supplemental 11.5 5.4 4.8 4.8 21.6
Net Debt 8.9 2.0 2.1 3.0 20.7
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Debt - Long-Term - Maturities - Remaining — — — — —
Capital Lease Maturities - Total 0.2 0.0 0.0 0.0 0.1
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year 0.1 0.0 0.0 0.0 0.0
Debt - Long-Term - Maturities - Year 6 & Beyond — — — — —
Capital Lease Maturities - Due in Year 5 0.1 0.0 0.0 0.0 0.1
Capital Lease Maturities - Interest Costs 0.0 0.0 0.0 0.0 0.0
Capital Lease Maturities - Due in 4-5 Years 0.1 0.0 0.0 0.0 0.1
Asset Accruals 53.0 46.6 42.0 40.6 55.0
Cash & Cash Equivalents - Total 2.6 3.4 2.7 1.8 0.9
Cash & Short Term Investments - Total 2.6 3.4 2.7 1.8 0.9
Debt - including Preferred Equity & Minority Interest - Total 11.5 5.4 4.8 4.8 21.6
Right of Use Tangible Assets - Total - Accumulated Depreciation - Supplemental — — — — —
Investments - Permanent 0.0 0.1 — — —
Net Book Capital 35.8 27.1 25.3 24.7 42.3
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation - Supplemental — — — — —
Net Operating Assets 35.8 27.1 25.3 24.7 42.3
Provisions - Total 7.2 6.6 5.7 5.2 4.3
Shareholders Equity - Common 26.8 25.1 23.2 21.7 21.6
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity 26.5 24.8 22.8 21.4 21.4
Tangible Book Value 26.5 24.8 22.8 21.4 21.4
Total Book Capital 38.3 30.6 28.0 26.5 43.2
Total Capital 38.3 30.6 28.0 26.5 43.2
Total Long Term Capital 28.6 27.8 26.0 25.0 26.7
Unearned Revenue - Total 2.2 2.0 2.0 2.0 2.5
Book Value excluding Other Equity 26.8 25.1 23.2 21.7 21.6
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term 0.4 — — — —
Income Taxes - Payable - Long-Term & Short-Term — — 0.0 0.9 1.4
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 2.1 1.9 1.8 1.8 2.3
Accruals - Short-Term 5.7 2.7 2.8 2.6 4.8
Cash & Short Term Investments - Net of Debt (8.9) (2.0) (2.1) (3.0) (20.7)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.3 0.2 0.4 0.4 1.4
Total Fixed Assets - Net 20.4 21.6 20.4 20.7 21.0
Working Capital 8.3 6.1 5.5 4.3 5.7
Interest Bearing Liabilities - Total 11.5 5.4 4.8 4.8 21.6
Working Capital - Non-Cash 5.7 2.7 2.8 2.6 4.8
Working Capital excluding Other Current Assets & Liabilities 16.6 12.8 11.4 9.7 10.9
Net Debt Including Preferred Equity & Minority Interest 8.9 2.0 2.1 3.0 20.7
Other Short-Term & Long-Term Assets - Total 0.1 0.1 0.1 0.0 0.0
Other Short-Term & Long-Term Liabilities - Total 8.4 6.7 5.9 5.5 5.7
Total Current Assets excluding Total Inventories 7.4 5.7 5.0 3.4 3.8
Tangible Book Value excluding Other Equity 26.5 24.8 22.8 21.4 21.4
Total Debt Excluding Islamic 11.5 5.4 4.8 4.8 21.6
Trade Accounts & Trade Notes Receivable - Net - Total 3.1 1.4 1.4 1.1 1.0
Current Liabilities excluding Current Debt - Total 16.0 17.6 14.8 13.7 10.4
Cash in Hand & with Banks - Total 2.6 3.4 2.7 1.8 0.9
Current Assets excluding Cash & Short Term Investments - Total 32.7 25.0 21.5 20.0 34.0
Cash, Short Term Investments & Accounts Receivable - Total 5.7 4.8 4.1 2.9 1.9

Every line the company reported, in the original order and wording, without regrouping or signs changed.