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Comparison

Pakistan Cables Limited vs Waves Corporation Limited

Pakistan Cables Limited (PCAL) is worth Rs 7.4 bn at the latest close, 3.0 times the market value of Waves Corporation Limited (WAVES) at Rs 2.5 bn. In their latest annual results PCAL reported revenue of Rs 33.8 bn (FY2026) and WAVES Rs 4.8 bn (FY2025). PCAL trades at 44.5× earnings and WAVES at 5.7×.

PCAL and WAVES compared
Latest PCAL FY2026 WAVES FY2025
Price Rs 135.96 Rs 8.91
Market value Rs 7.4 bn Rs 2.5 bn
P/E 44.5× 5.7× (stronger)
P/B 0.73× 0.25× (stronger)
Dividend yield 0.0% 0.0%
Revenue (latest year) Rs 33.8 bn Rs 4.8 bn
Revenue growth, year on year 16.2% 21.2% (stronger)
Revenue growth, 5 years a year 20.8% (stronger) -10.9%
Profit (latest year) Rs 166.2 mn Rs 436.6 mn (stronger)
EPS (latest year) Rs 3.05 Rs 1.55
Dividend per share Rs 0.00 Rs 0.00
Net margin 0.5% 11.1% (stronger)
Return on equity 1.7% 4.3% (stronger)
Debt to equity 185.0% 55.2% (stronger)
Current ratio 0.99× 1.70× (stronger)
Dividend streak (years) 0 0

Highlighted: the higher figure where higher is usually stronger (growth, margins, returns, yield) or the lower where lower is (P/E, P/B, debt). A highlight is a comparison, not a recommendation.

Revenue by fiscal year PCAL WAVES
Revenue by fiscal year Rs 34 bn PCAL FY2017: Rs 8.1 bn WAVES FY2017: Rs 3.7 bn FY2017 PCAL FY2018: Rs 9.6 bn WAVES FY2018: Rs 8.5 bn FY2018 PCAL FY2019: Rs 9.7 bn WAVES FY2019: Rs 9.5 bn FY2019 PCAL FY2020: Rs 9.1 bn WAVES FY2020: Rs 8.5 bn FY2020 PCAL FY2021: Rs 13.1 bn WAVES FY2021: Rs 10.4 bn FY2021 PCAL FY2022: Rs 21.2 bn WAVES FY2022: Rs 9.9 bn FY2022 PCAL FY2023: Rs 21.7 bn WAVES FY2023: Rs 5.2 bn FY2023 PCAL FY2024: Rs 26.2 bn WAVES FY2024: Rs 3.9 bn FY2024 PCAL FY2025: Rs 29.1 bn WAVES FY2025: Rs 4.8 bn FY2025 PCAL FY2026: Rs 33.8 bn FY2026
Profit by fiscal year PCAL WAVES
Profit by fiscal year Rs 1 bn -Rs 281 mn PCAL FY2017: Rs 478.5 mn WAVES FY2017: Rs 312.1 mn FY2017 PCAL FY2018: Rs 305.3 mn WAVES FY2018: Rs 382.1 mn FY2018 PCAL FY2019: Rs 126.2 mn WAVES FY2019: Rs 378.3 mn FY2019 PCAL FY2020: -Rs 91.8 mn WAVES FY2020: Rs 127.5 mn FY2020 PCAL FY2021: Rs 553.6 mn WAVES FY2021: Rs 318.6 mn FY2021 PCAL FY2022: Rs 827.7 mn WAVES FY2022: Rs 236.4 mn FY2022 PCAL FY2023: Rs 723.7 mn WAVES FY2023: Rs 226.7 mn FY2023 PCAL FY2024: Rs 208.9 mn WAVES FY2024: Rs 1.0 bn FY2024 PCAL FY2025: -Rs 280.6 mn WAVES FY2025: Rs 436.6 mn FY2025 PCAL FY2026: Rs 166.2 mn FY2026

Prices at the latest close; financial figures from each company's latest annual report. Information only, not investment advice.