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ITTEFAQ Ittefaq Iron Industries Limited

Latest results: FY2026 · Jun 2026

Watch ITTEFAQ · free results alerts

Last close · 16 Oct 2026

Rs 8.40 +4.48%

Quarterly · Q1 FY2022 – Q4 FY2026

Ittefaq Iron Industries Limited (ITTEFAQ) quarterly balance sheet

At the end of Q4 FY2026 (Apr – Jun 2026) Ittefaq Iron Industries Limited had total assets of Rs 5.5 bn, up 2.1% on Q4 FY2025. Current assets of Rs 3.3 bn covered current liabilities of Rs 1.8 bn 1.81 times. Total debt was Rs 1.2 bn, net debt Rs 1.2 bn. Shareholders' equity was Rs 3.2 bn (Rs 21.97 per share), 57.9% of total assets.

ITTEFAQ balance sheet (quarterly) (Rs bn)
Rs bn 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
Assets
Cash & short-term investments 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Trade receivables 1.3 0.9 1.0 1.1 1.3 1.7 1.4 1.4
Inventories 1.4 1.6 1.3 1.1 1.1 0.9 1.4 1.5
Other current assets 0.1 0.2 0.1 0.3 0.1 0.3 0.1 0.2
Total current assets 3.3 3.2 3.0 3.0 3.1 3.4 3.4 3.6
Property, plant & equipment 2.1 2.2 2.2 2.2 2.3 2.3 2.4 2.4
Other non-current assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total non-current assets 2.1 2.2 2.2 2.3 2.3 2.3 2.4 2.4
Total assets 5.5 5.4 5.3 5.3 5.4 5.8 5.8 6.0
Liabilities
Trade payables 0.7 0.5 0.3 0.2 0.2 0.4 0.4 0.4
Short-term borrowings & current portion of debt 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
Total current liabilities 1.8 1.7 1.5 1.4 1.4 1.6 1.6 1.5
Long-term debt 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Other non-current liabilities 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.1
Total non-current liabilities 0.5 0.5 0.5 0.4 0.5 0.4 0.3 0.5
Total liabilities 2.3 2.2 2.0 1.9 1.9 2.0 1.9 2.0
Equity
Share capital 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4
Reserves & retained earnings 1.0 1.0 1.1 1.2 1.3 1.6 1.7 1.8
Equity attributable to shareholders 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Non-controlling interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total equity 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Total liabilities & equity 5.5 5.4 5.3 5.3 5.4 5.8 5.8 6.0
Key figures
Total debt 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Net debt / (net cash) 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3
Shares outstanding mn 144.3 144.3 144.3 144.3 144.3 144.3 144.3 144.3
Common equity 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Book value per share (Rs) Rs 21.97 22.36 22.79 23.62 24.22 26.21 27.07 27.97
ITTEFAQ balance sheet — year-on-year change (Rs mn)
Rs mn 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
Assets
Cash & short-term investments -48.5% +311.9% +31.5% -3.3% +109.4% -40.2% -47.9% -73.8%
Trade receivables -2.6% -47.5% -23.6% -21.6% -23.5% -17.4% -42.1% -37.4%
Inventories +22.8% +70.9% -3.4% -25.0% -21.0% -46.3% -25.3% -25.1%
Other current assets +8.1% -44.7% -0.7% +46.6% +0.5% +9.4% -6.4% -36.1%
Total current assets +8.7% -5.4% -11.6% -16.2% -18.2% -28.4% -32.2% -30.2%
Property, plant & equipment -6.7% -6.8% -6.8% -6.8% -7.0% +25.4% +25.8% +26.2%
Other non-current assets 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total non-current assets -6.7% -6.7% -6.7% -6.7% -6.9% +25.1% +25.5% +25.9%
Total assets +2.1% -5.9% -9.6% -12.4% -13.8% -13.3% -16.5% -14.9%
Liabilities
Trade payables +236.0% +19.6% -37.7% -33.5% -43.2% -54.1% -59.5% -62.0%
Short-term borrowings & current portion of debt -4.5% +2.8% +2.9% +2.8% +1.0% +1.1% +1.6% +3.7%
Total current liabilities +31.5% +8.1% -7.9% -6.4% -9.8% -23.6% -28.7% -27.1%
Long-term debt -20.3% -22.5% -17.9% -21.0% -21.3% -15.1% -15.1% -3.8%
Other non-current liabilities +15.8% +115.5% +401.4% +82.1% +26.0% -21.4% -66.0% -24.1%
Total non-current liabilities -1.3% +22.0% +57.1% -4.6% -9.5% -17.1% -32.7% +2.7%
Total liabilities +23.3% +10.9% +3.1% -6.0% -9.7% -22.4% -29.4% -21.7%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings -25.3% -35.5% -36.5% -34.6% -33.9% -16.8% -17.3% -21.7%
Equity attributable to shareholders -9.3% -14.7% -15.8% -15.6% -15.8% -7.7% -8.3% -11.1%
Non-controlling interest — — — — — — — —
Total equity -9.3% -14.7% -15.8% -15.6% -15.8% -7.7% -8.3% -11.1%
Total liabilities & equity +2.1% -5.9% -9.6% -12.4% -13.8% -13.3% -16.5% -14.9%
Key figures
Total debt -7.1% -1.9% -1.0% -2.1% -3.5% -2.3% -2.0% +2.1%
Net debt / (net cash) -5.2% -5.8% -1.4% -2.1% -5.9% -1.6% -0.9% +7.8%
Shares outstanding — — — — — — — —
Common equity -9.3% -14.7% -15.8% -15.6% -15.8% -7.7% -8.3% -11.1%
Book value per share (Rs) -9.3% -14.7% -15.8% -15.6% -15.8% -7.7% -8.3% -11.1%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

ITTEFAQ balance sheet — common size (Rs mn)
Rs mn 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
Assets
Cash & short-term investments 0.6% 1.2% 0.4% 0.4% 1.1% 0.3% 0.3% 0.4%
Trade receivables 23.1% 16.8% 20.0% 21.4% 24.2% 30.1% 23.6% 23.9%
Inventories 25.7% 28.9% 25.6% 21.4% 21.3% 15.9% 24.0% 25.0%
Other current assets 2.7% 3.2% 2.6% 5.2% 2.5% 5.5% 2.4% 3.1%
Total current assets 60.8% 59.6% 57.7% 57.1% 57.1% 59.3% 59.0% 59.7%
Property, plant & equipment 38.8% 40.0% 41.9% 42.5% 42.5% 40.4% 40.6% 40.0%
Other non-current assets 0.4% 0.4% 0.4% 0.4% 0.4% 0.3% 0.3% 0.3%
Total non-current assets 39.2% 40.4% 42.3% 42.9% 42.9% 40.7% 41.0% 40.3%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 12.8% 9.3% 5.2% 4.7% 3.9% 7.4% 7.5% 6.2%
Short-term borrowings & current portion of debt 19.5% 20.4% 21.2% 21.0% 20.9% 18.7% 18.6% 17.8%
Total current liabilities 33.7% 31.3% 27.8% 26.9% 26.2% 27.3% 27.3% 25.2%
Long-term debt 3.2% 3.5% 3.8% 4.2% 4.1% 4.3% 4.2% 4.6%
Other non-current liabilities 5.2% 5.4% 5.5% 4.3% 4.6% 2.3% 1.0% 2.1%
Total non-current liabilities 8.4% 9.0% 9.7% 8.5% 8.7% 7.0% 5.6% 7.8%
Total liabilities 42.1% 40.4% 37.5% 35.4% 34.9% 34.2% 32.9% 33.0%
Equity
Share capital 26.3% 26.7% 27.4% 27.3% 26.9% 25.1% 24.8% 23.9%
Reserves & retained earnings 17.4% 18.7% 20.4% 22.6% 23.8% 27.2% 29.0% 30.2%
Equity attributable to shareholders 57.9% 59.6% 62.5% 64.6% 65.1% 65.8% 67.1% 67.0%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 57.9% 59.6% 62.5% 64.6% 65.1% 65.8% 67.1% 67.0%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 22.7% 24.0% 25.0% 25.1% 25.0% 23.0% 22.8% 22.5%
Net debt / (net cash) 22.2% 22.7% 24.6% 24.7% 23.9% 22.7% 22.6% 22.1%
Common equity 57.9% 59.6% 62.5% 64.6% 65.1% 65.8% 67.1% 67.0%

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 110
ITTEFAQ balance sheet — all reported line items (Rs bn)
Rs bn 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
Cash & Cash Equivalents 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Cash & Short Term Investments 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Loans & Receivables - Net - Short-Term 1.7 1.4 1.5 1.6 1.7 2.2 1.9 1.9
Loans & Receivables - Total 1.7 1.4 1.5 1.6 1.7 2.2 1.9 1.9
Trade Accounts & Trade Notes Receivable - Net 1.3 0.9 1.0 1.1 1.3 1.7 1.4 1.4
Loans - Short-Term 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1
Income Tax - Receivables - Short-Term 0.5 0.5 0.5 0.4 0.4 0.3 0.4 0.3
Inventories - Total 1.4 1.6 1.3 1.1 1.1 0.9 1.4 1.5
Inventories - Raw Materials 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.4
Inventories - Other - Total 1.2 1.3 1.1 0.9 0.9 0.5 1.0 1.1
Other Current Assets - Total 0.1 0.2 0.1 0.3 0.1 0.3 0.1 0.2
Property, Plant & Equipment - Net - Total 2.1 2.2 2.2 2.2 2.3 2.3 2.4 2.4
Other Current Assets 0.1 0.2 0.1 0.3 0.1 0.3 0.1 0.2
Other Assets - Total 0.2 0.2 0.2 0.3 0.2 0.3 0.2 0.2
Total Current Assets 3.3 3.2 3.0 3.0 3.1 3.4 3.4 3.6
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 2.1 2.2 2.2 — 2.3 2.3 2.4 2.4
Right of Use Tangible Assets - Total - Net 0.0 0.0 0.0 — 0.0 0.0 0.0 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net 0.0 0.0 0.0 — 0.0 0.0 0.0 0.1
Property, Plant & Equipment - Other - Net 2.1 2.2 2.2 — 2.3 2.3 2.3 2.4
Total Assets 5.5 5.4 5.3 5.3 5.4 5.8 5.8 6.0
Debt - Total 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Short-Term Debt & Current Portion of Long-Term Debt 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
Current Portion of Long-Term Debt including Capitalized Leases 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0
Capitalized Leases - Current Portion — — — — 0.0 — — —
Short-Term Debt & Notes Payable 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.0
Debt - Long-Term - Total 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Current Portion of Long-Term Debt excluding Capitalized Leases — — — — 0.1 0.0 0.0 0.0
Capitalized Lease Obligations - Long-Term — 0.0 0.0 — — — 0.0 0.0
Long-Term Debt excluding Capitalized Leases 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Other Non-Current Assets - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Dividends Payable — — — — 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term 0.0 0.0 0.0 — — 0.0 0.0 0.1
Deferred Tax - Liability - Long-Term 0.0 0.0 0.0 — — 0.0 0.0 0.1
Payables & Accrued Expenses 0.7 0.5 0.3 0.2 0.2 0.4 0.4 0.4
Trade Account Payables - Total 0.7 0.5 0.3 0.2 0.2 0.4 0.4 0.4
Other Non-Current Assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Liabilities 2.3 2.2 2.0 1.9 1.9 2.0 1.9 2.0
Shareholders' Equity - Attributable to Parent Shareholders - Total 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Total Non-Current Assets 2.1 2.2 2.2 2.3 2.3 2.3 2.4 2.4
Common Equity Attributable to Parent Shareholders 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Common Equity - Contributed 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2
Common Stock - Issued & Paid 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4
Equity - Non-Contributed - Reserves & Retained Earnings 1.0 1.0 1.1 1.2 1.3 1.6 1.7 1.8
Retained Earnings - Total (0.3) (0.2) (0.2) (0.0) 0.0 0.3 0.4 0.5
Trade Accounts Payable & Accruals - Short-Term 0.7 0.5 0.3 0.2 0.2 0.4 0.4 0.4
Comprehensive Income - Accumulated - Total 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0
Trade Accounts & Trade Notes Payable - Short-Term 0.7 0.5 0.3 0.2 0.2 0.4 0.4 0.4
Other Reserves/Equity - Total 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Income Taxes - Payable - Short-Term — 0.0 0.0 — — — — —
Dividends/Distributions Payable — — — — 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Common Equity - Total 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Common Stock - Additional Paid in Capital including Option Reserve 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Total Liabilities & Equity 5.5 5.4 5.3 5.3 5.4 5.8 5.8 6.0
Other Current Liabilities 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Revaluation Reserves 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0
Total Current Liabilities 1.8 1.7 1.5 1.4 1.4 1.6 1.6 1.5
Other Non-Current Liabilities - Total 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.1
Other Non-Current Liabilities 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.1
Total Non-Current Liabilities 0.5 0.5 0.5 0.4 0.5 0.4 0.3 0.5
Common Shares - Issued - Total mn 144.3 144.3 144.3 144.3 144.3 144.3 144.3 144.3
Common Shares - Outstanding - Total mn 144.3 144.3 144.3 144.3 144.3 144.3 144.3 144.3
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 300.0 300.0 300.0 — 300.0 — — —
Common Shares - Issued - Issue Specific mn 144.3 144.3 144.3 144.3 144.3 144.3 144.3 144.3
Common Shares - Outstanding - Issue Specific mn 144.3 144.3 144.3 144.3 144.3 144.3 144.3 144.3
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 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× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 0.0 0.0 0.0 — 0.0 0.0 0.0 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.0 0.0 0.0 — 0.0 0.0 0.0 0.1
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 2.1 2.2 2.2 — 2.3 2.3 2.3 2.4
Finance and Operating Lease Liabilities - Total - Supplemental — 0.0 0.0 — 0.0 — 0.0 0.0
Debt including Finance and Operating Lease Liabilities - Supplemental 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Net Debt 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3
Asset Accruals 5.4 5.3 5.2 5.3 5.3 5.7 5.8 6.0
Cash & Cash Equivalents - Total 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Cash & Short Term Investments - Total 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Debt - including Preferred Equity & Minority Interest - Total 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Net Book Capital 4.4 4.5 4.6 4.7 4.8 5.1 5.2 5.4
Net Operating Assets 4.4 4.5 4.6 4.7 4.8 5.1 5.2 5.4
Provisions - Total 0.0 0.0 0.0 — — 0.0 0.0 0.1
Shareholders Equity - Common 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Tangible Total Equity 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Tangible Book Value 3.2 3.2 3.3 3.4 3.5 3.8 3.9 4.0
Total Book Capital 4.4 4.5 4.6 4.7 4.8 5.1 5.2 5.4
Total Capital 4.4 4.5 4.6 4.7 4.8 5.1 5.2 5.4
Total Long Term Capital 3.6 3.7 3.8 3.9 4.0 4.2 4.2 4.5
Book Value excluding Other Equity 2.9 2.9 3.0 3.1 3.2 3.5 3.6 3.7
Income Taxes - Payable - Long-Term & Short-Term — 0.0 0.0 — — — — —
Accruals - Short-Term 1.5 1.5 1.6 1.6 1.6 1.8 1.8 2.1
Cash & Short Term Investments - Net of Debt (1.2) (1.2) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0
Total Fixed Assets - Net 2.1 2.2 2.2 2.3 2.3 2.3 2.4 2.4
Working Capital 1.5 1.5 1.6 1.6 1.7 1.8 1.8 2.1
Interest Bearing Liabilities - Total 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Working Capital - Non-Cash 1.5 1.5 1.6 1.6 1.6 1.8 1.8 2.1
Working Capital excluding Other Current Assets & Liabilities 1.4 1.4 1.5 1.4 1.6 1.6 1.8 2.0
Net Debt Including Preferred Equity & Minority Interest 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3
Other Short-Term & Long-Term Assets - Total 0.2 0.2 0.2 0.3 0.2 0.3 0.2 0.2
Other Short-Term & Long-Term Liabilities - Total 0.4 0.4 0.4 0.3 0.3 0.2 0.1 0.2
Total Current Assets excluding Total Inventories 1.9 1.7 1.7 1.9 1.9 2.5 2.0 2.1
Tangible Book Value excluding Other Equity 2.9 2.9 3.0 3.1 3.2 3.5 3.6 3.7
Total Debt Excluding Islamic 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4
Trade Accounts & Trade Notes Receivable - Net - Total 1.3 0.9 1.0 1.1 1.3 1.7 1.4 1.4
Current Liabilities excluding Current Debt - Total 0.8 0.6 0.3 0.3 0.3 0.5 0.5 0.4
Cash in Hand & with Banks - Total 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0
Current Assets excluding Cash & Short Term Investments - Total 3.3 3.2 3.0 3.0 3.0 3.4 3.4 3.6
Cash, Short Term Investments & Accounts Receivable - Total 1.3 1.0 1.1 1.2 1.4 1.7 1.4 1.5

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