Last close · 16 Oct 2026
Rs 303.29 +0.84%
Financials
Millat Tractors Limited (MTL) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Millat Tractors Limited (MTL) reported revenue of Rs 64.2 bn for FY2026 (Jul 2025 – Jun 2026), up 20.4% from FY2025.
Profit attributable to shareholders was Rs 7.9 bn (EPS Rs 19.91), up 25.0%, a net margin of 12.6%.
It declared a dividend of Rs 21.00 per share for FY2026 and has paid a dividend in each of the last 20 years.
Net debt stood at Rs 9.3 bn.
Return on equity was 83.6%.
Over the last five years revenue grew at a compound 7.1% a year.
At Rs 303.29 (close on 16 Oct 2026) the shares trade at 15.2× earnings (FY2026) and 11.80× book value, with a dividend yield of 6.9%.
Fundamentals
MTL at a glance
Revenue · FY2026
Rs 64.2 bn
▲ 20.4% year on year
Profit attributable to shareholders · FY2026
Rs 7.9 bn
▲ 25.0% year on year
EPS – basic (Rs) · FY2026
Rs 19.91
▲ 25.0% year on year
Dividend per share (Rs) · FY2026
Rs 21.00
▼ 30.0% year on year
Net margin · FY2026
12.6%
+0.7 pts year on year
Debt to equity · FY2026
112.2%
-50.2 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 64.2 bn
- Profit attributable · FY2026
- Rs 7.9 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 34.1 bn
- Equity · FY2026
- Rs 10.3 bn
Financial highlights
MTL 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 |
|---|---|---|---|---|---|
| Revenue | 64.2 | 53.3 | 95.0 | 47.1 | 55.0 |
| Gross profit | 21.1 | 14.3 | 23.9 | 10.4 | 12.2 |
| Operating profit | 16.2 | 9.9 | 18.9 | 7.3 | 9.6 |
| Profit after tax | 8.1 | 6.3 | 10.6 | 3.6 | 5.9 |
| Profit attributable to shareholders | 7.9 | 6.4 | 10.3 | 3.3 | 5.4 |
| EPS – basic (Rs) Rs | 19.91 | 15.93 | 26.32 | 8.59 | 13.99 |
| Dividend per share (Rs) Rs | 21.00 | 30.00 | 12.50 | 10.53 | 14.52 |
| Total assets | 34.1 | 34.9 | 35.3 | 29.8 | 24.1 |
| Total equity | 10.9 | 9.3 | 12.2 | 9.7 | 9.0 |
| Total debt | 12.2 | 15.1 | 9.6 | 10.1 | 1.8 |
| Net cash from operating activities | 11.7 | 3.5 | 9.3 | (3.8) | 0.2 |
| Capital expenditure | (1.1) | (0.5) | (0.4) | (0.4) | (0.3) |
| Free cash flow (operating cash flow − capex) | 10.6 | 3.1 | 8.9 | (4.1) | (0.1) |
| 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 | 64.2 | 18.3 | 17.2 | 20.9 | 7.8 | 12.5 | 12.6 | 19.5 | 8.8 |
| Gross profit | 21.1 | 4.9 | 6.5 | 7.5 | 2.2 | 3.2 | 3.6 | 5.3 | 2.4 |
| Operating profit | — | 4.0 | 5.1 | 5.8 | — | 2.2 | 2.6 | 3.5 | 1.5 |
| Profit after tax | — | 2.0 | 3.1 | 2.4 | — | 1.3 | 1.4 | 3.2 | 0.5 |
| Profit attributable to shareholders | — | 1.9 | 3.0 | 2.4 | — | 1.3 | 1.4 | 3.2 | 0.5 |
| EPS – basic (Rs) Rs | — | 4.70 | 7.66 | 6.02 | — | 3.42 | 3.44 | 8.24 | 1.15 |
| Dividend per share (Rs) Rs | — | 11.00 | 0.00 | 10.00 | — | 7.50 | 0.00 | 22.50 | 0.00 |
| Total assets | 34.1 | 34.1 | 35.4 | 35.3 | — | 34.9 | 38.8 | 43.9 | 40.4 |
| Total equity | 10.9 | 10.9 | 8.3 | 9.2 | 10.4 | 9.3 | 8.0 | 15.6 | 12.6 |
| Total debt | 12.2 | 12.2 | 13.1 | 10.7 | 17.3 | 15.1 | 20.5 | 15.2 | 14.1 |
| Net cash from operating activities | 18.6 | 2.0 | 1.3 | 12.0 | 3.5 | 5.3 | 1.2 | 1.7 | (4.6) |
| Capital expenditure | (1.1) | (0.1) | (0.1) | (0.8) | (0.1) | (0.1) | (0.2) | (0.1) | (0.1) |
| Free cash flow (operating cash flow − capex) | 17.5 | 1.8 | 1.1 | 11.2 | 3.4 | 5.1 | 1.0 | 1.6 | (4.7) |
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.