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CEMENT

MLCF Maple Leaf Cement Factory Limited

Rs 96.07

▼ −0.12 (−0.12%)

Vol 7.9M · Close · 23 Sep 2026

Market cap

Market cap

What the whole company costs at today's price.

How it's worked out

Share price multiplied by every share in issue.

How to read it

It is the company's size, not its value. A big number is not expensive and a small one is not cheap — that is what the multiples below are for.

Rs 101B
as of 23 Sep 2026
P/E (TTM)

P/E ratio

Rupees you pay for each rupee the company earned last year.

How it's worked out

Share price divided by earnings per share over the last twelve reported months.

How to read it

Lower looks cheaper, but only against something — the same company's history, its sector, or the market. A P/E on its own means very little, and it is blank when a company lost money.

11.9×
Dividend yield

Dividend yield

Cash paid out over the last year as a percentage of today's price.

How it's worked out

Dividends per share over twelve months divided by the share price.

How to read it

A very high yield is often a warning, not a gift: it usually means the price fell. Check the payout ratio next to see whether earnings actually cover it.

as filed by PSX
Avg volume (30d)

Average volume

Shares changing hands on a typical day.

How it's worked out

The mean daily volume over thirty sessions.

How to read it

Shares, not rupees — a million shares of a Rs 3 stock is a small market. "Traded per session" is the version in money.

10M
52-week range 40% of range
71.00 96.07 132.99
1W
+5.20%
1M
−5.54%
3M
−10.34%
6M
+11.90%
YTD
−18.19%
1Y
−10.19%
Free float

Free float

The shares that can actually be bought and sold.

How it's worked out

Total shares minus the blocks held by sponsors, the government and other locked-in holders, as the exchange reports them.

How to read it

The float, not the market cap, is what sets how easily a real position can be built or unwound.

471M
45% of shares
Shares outstanding

Free float

The shares that can actually be bought and sold.

How it's worked out

Total shares minus the blocks held by sponsors, the government and other locked-in holders, as the exchange reports them.

How to read it

The float, not the market cap, is what sets how easily a real position can be built or unwound.

1B
Day range
95.55 – 97.54
prev close 96.19
Shariah
Compliant

What's good about MLCF, and what isn't

Read off the numbers below · 23 Sep 2026

Every line states the bar it was judged against, so you can disagree with the bar rather than argue with a verdict. Nothing here is scored or ranked, and where a number is missing the sentence is simply not written.

In its favour

  • The multiple is covered by growth — a PEG of 0.49.

    PEG below 1 on three-year earnings growth

  • Earnings per share compounded 24% a year over three years.

    Three-year EPS growth of 15% or more

  • Net margin is 4.7 points wider than three years ago.

    Margin up 2 points or more over three years

  • A Rs 1,000,000 order is a rounding error in a normal session.

    Under 5% of a session's turnover

Against it

  • Dearer on earnings than 83% of cement.

    P/E in the dearest quarter of its sector

  • It catches 164% of the market's falls and only 152% of its rises.

    Down capture above 115 and worse than up capture

Not advice, and not a score. These are descriptions of numbers Equivest holds, nothing more.

MLCF · 1-year close −9.32% · 251 sessions
22 Sep H 130.38 · 15 Dec L 72.87 · 30 Mar 23 Sep

Trend read

Leaning Down

Since 18 Sep 2026 · daily closes to 23 Sep 2026

  • Below the 50- and 200-day averages
  • Down 10.3% over 3 months
  • Fell 44.1% from its 1-year peak at worst
Deep drawdownAnalysts positive

A description of the price series — moving averages, momentum, the 52-week position — held for three closes before it changes. It is a label, not advice. How it works →

RSI (14)

RSI (14)

Whether recent buying or selling has run hot.

How it's worked out

Fourteen sessions of gains weighed against losses, on a 0–100 scale.

How to read it

Above 70 is called overbought and below 30 oversold, but strong stocks stay above 70 for months. It describes momentum, it does not forecast a turn.

49
neutral band
vs 50-day avg
−1.2%
SMA Rs 97.26
vs 200-day avg
−2.6%
SMA Rs 98.68
Beta vs KSE-100

Beta

How hard it swings when the market swings.

How it's worked out

The slope of this stock's daily returns against the KSE-100's, over a year of sessions.

How to read it

1.0 moves with the market, 1.5 exaggerates it by half, below 1 is steadier. It says nothing about direction, only about size.

1.41
correlation 0.77 · 1Y
Volatility

Volatility, 30-day

How jumpy it has been lately, stated per year.

How it's worked out

The standard deviation of the last 30 days of returns, annualised.

How to read it

30% means a typical year's swing of about thirty percent either way. Rising volatility often arrives before news does.

31%
30d · 42% 90d, annualised
Max drawdown · 1Y

Biggest drawdown

The worst peak-to-trough fall of the last year.

How it's worked out

The largest drop from any high to any subsequent low over 250 sessions.

How to read it

The number that tells you whether you could have held it. Most people discover their real risk tolerance somewhere inside this figure.

−44.1%
Volume vs 20-day avg

Volume vs normal

How busy today was against a typical day.

How it's worked out

The latest session's volume divided by the twenty-day average.

How to read it

Above 2 means something happened — an announcement, a block, a rumour. Check the news before reading anything into the price.

0.87×
avg 8.6M
52-week signal

Position in 52-week range

Where today's price sits between the year's low and high.

How it's worked out

Zero at the 52-week low, 100 at the high.

How to read it

Near 100 is strength or froth; near 0 is a bargain or a falling knife. The number tells you where you are, never which of the two.

Inside range
Stats as of
23 Sep 2026

The numbers behind the numbers

Computed from reported filings and MLCF's own price history · 23 Sep 2026

A P/E on its own says little. These put MLCF's valuation next to its sector and the market, its dividend next to its earnings, its quoted price next to how much of it actually trades, and its return next to the risk taken to earn it.

Valuation in context

Earnings yield

Earnings yield

The P/E turned upside down, so it compares with a savings rate.

How it's worked out

100 divided by the P/E ratio.

How to read it

If a company earns 17% against its price and a T-bill pays 12%, you can finally compare the two. It is what the business earns, not what it pays you — the dividend yield is the cash that reaches your account.

8.39%
Price to sales

Price to sales

What you pay for each rupee of revenue.

How it's worked out

Market cap divided by the latest reported annual sales.

How to read it

Useful where earnings are negative or lumpy and a P/E says nothing. It ignores costs entirely, so a low number does not mean a good business.

1.42×
PEG (P/E ÷ 3-year growth)

PEG

The P/E measured against how fast earnings are growing.

How it's worked out

P/E divided by the three-year growth rate of earnings per share.

How to read it

Under 1 is the old rule of thumb for a multiple that growth justifies. Blank when earnings are shrinking, because the ratio flips sign and stops meaning anything.

0.49
vs the KSE-100's P/E

vs the KSE-100's P/E

Whether this company is dearer or cheaper than the market as a whole.

How it's worked out

Its P/E against the KSE-100's, which we compute as the total market cap of the index over the total earnings of its members.

How to read it

−30% means it trades thirty percent below the market's multiple. Cheap against the market is a question, not an answer: often the market is right about why.

+41%
Position in 52-week range

Position in 52-week range

Where today's price sits between the year's low and high.

How it's worked out

Zero at the 52-week low, 100 at the high.

How to read it

Near 100 is strength or froth; near 0 is a bargain or a falling knife. The number tells you where you are, never which of the two.

40%
vs KSE-100, one year

vs KSE-100, one year

How far ahead of or behind the market it finished.

How it's worked out

Its one-year return minus the KSE-100's, in percentage points.

How to read it

"Up 12%" means one thing when the index rose 20% and another when it fell. Unlike alpha, this ignores how much market risk was carried to get there.

-13.1 pts

Its P/E is lower than 17% of the cement companies with reported earnings.

Income & quality

Dividend per share, 12 months

Dividend per share

The actual rupees per share paid out over the last twelve months.

How it's worked out

Every cash dividend with an ex-date in the last year, added up from the exchange's own book-closure notices.

How to read it

Multiply by your shares and that is the cash that reached you, before tax. Bonus shares are not in here — they are not money.

Cash dividends paid, 12 months

Dividends paid

How many times it paid cash in the last twelve months.

How it's worked out

A count of cash dividends with an ex-date in the last year.

How to read it

Four usually means a quarterly payer, one means an annual one. A steady cadence is worth more to an income investor than a single big number.

Payout ratio

Payout ratio

How much of its profit the company hands to shareholders.

How it's worked out

Dividend per share over the last year divided by earnings per share.

How to read it

Above 100% means it paid out more than it earned — possible from reserves for a year, not for five. Low means it is keeping money to reinvest, which is not automatically bad.

Dividend cover

Dividend cover

How many times over the earnings could pay the dividend.

How it's worked out

Earnings per share divided by dividend per share — the payout ratio the other way round.

How to read it

Above 2 is comfortable. Below 1 means the dividend is coming from somewhere other than this year's profit.

Net margin

Net margin

How much of every rupee of sales survives to profit.

How it's worked out

Net profit after tax divided by sales, from the annual filing.

How to read it

Compare it only within an industry — a supermarket at 3% can be healthier than a manufacturer at 10%. The direction matters more than the level.

11.9%
Margin, 3-year change

Margin, 3-year change

Whether the business is getting more or less profitable.

How it's worked out

The latest net margin minus the one three years earlier, in percentage points.

How to read it

A widening margin on flat sales is a company with pricing power. A shrinking one is usually costs, competition, or both.

+4.7 pts
EPS growth, 3-year

EPS growth, 3-year

How fast profit per share has compounded.

How it's worked out

The annual rate that turns the earnings per share of three years ago into today's.

How to read it

Blank if the company was losing money three years ago — a move from a loss to a profit has no meaningful growth rate, and printing one would be arithmetic pretending to be insight.

+24.5% a year
Sales growth, 3-year

Sales growth, 3-year

How fast revenue has compounded.

How it's worked out

The annual rate that turns the sales of three years ago into today's.

How to read it

Read it next to EPS growth. Sales rising faster than profit means the growth is being bought with margin.

+4.5% a year

Can you actually trade it

Median traded per session

Traded per session

The rupees that change hands on a typical day.

How it's worked out

The median of price times volume over the last 60 sessions — the median, so one block trade cannot make a dead stock look busy.

How to read it

This is the number that decides whether the quoted price is a price you can actually get.

Rs 1.2B
Sessions to trade Rs 1M

Sessions to trade Rs 1M

How long it would take to buy or sell a Rs 1,000,000 position.

How it's worked out

Rs 1,000,000 divided by the median rupees traded a session.

How to read it

Under 0.01 and your order is a rounding error. Above 1 and you are the day's volume — expect to move the price against yourself getting out.

<0.01
Untraded sessions, last 60

Untraded sessions

Days in the last 60 when literally nothing traded.

How it's worked out

A count of sessions with zero volume.

How to read it

Any number above zero means there are days you could not have sold at any price. On PSX this is common well outside the KSE-100.

0
Daily volume vs free float

Daily volume vs free float

What share of the tradable stock changes hands on a normal day.

How it's worked out

Average daily volume divided by the free float — the shares not locked up by sponsors.

How to read it

A company can be huge and still barely trade if the family owns 90% of it. This separates size from liquidity.

1.82%
Price impact per Rs 1M traded

Price impact per Rs 1M

How far your own order moves the price.

How it's worked out

The median of the day's absolute price move divided by the day's turnover, scaled to a Rs 1,000,000 ticket. Traders call it the Amihud ratio.

How to read it

Under 1 basis point and the market swallows your order whole. Three figures and your buying is the reason the price went up — which you will discover again on the way out.

0.15 bps
Implied bid-ask spread

Implied bid-ask spread

The hidden cost of a round trip, estimated from the price series.

How it's worked out

Roll's estimator: prices bounce between bid and ask, and the size of that bounce implies the spread.

How to read it

It is the toll you pay to enter and leave, before any brokerage. Blank when the price is trending rather than bouncing, because then the model does not apply and we would rather say nothing.

0.94%
Float turned over, one year

Float turned over, one year

How many times the tradable stock changed hands in a year.

How it's worked out

A year's volume divided by the free float. Exchanges publish this about themselves; this is the same measure for one company.

How to read it

100% means the entire float turned over once. Single digits mean a register that never moves, whatever the market cap says.

552%
Sessions with a trade, one year

Sessions with a trade

How often it trades at all.

How it's worked out

The share of the last 250 sessions with any volume.

How to read it

Anything below 100% means there were days with no market. Below 90% and you should assume you cannot choose your exit day.

100%

Liquidity is deep: a Rs 1,000,000 order is about a rounding error in a normal session's turnover.

A Rs 1,000,000 ticket barely registers — about 0.15 basis points on the median session, measured the way a trading desk measures it.

What the risk paid

Total return, one year

Total return, one year

What a holder actually made, dividends included.

How it's worked out

The price move over twelve months plus every cash dividend paid in that window, counted as received on its ex-date.

How to read it

Every other PSX site quotes the price move alone. On a market yielding what this one does, that understates what holders made by a third or more.

-10.2%
— from the price
-10.2%
— from dividends

— from dividends

The part of the year's return that arrived as cash.

How it's worked out

Dividends per share over the year divided by the price twelve months ago.

How to read it

The half of the return a price chart cannot show you. For many PSX names it is most of it.

Return per unit of risk

Return per unit of risk

How much you were paid for how rough the ride was.

How it's worked out

The one-year return divided by the annualised volatility of the daily moves.

How to read it

Two stocks up 20% are not the same if one did it calmly and the other halved on the way. Deliberately not a Sharpe ratio: quoting a risk-free rate for Pakistan means picking a T-bill tenor and pretending that was your alternative.

-0.20
Alpha vs KSE-100, one year

Alpha vs KSE-100

The part of the year's return the market does not explain.

How it's worked out

The stock's return minus its beta times the index's return.

How to read it

A high-beta name rising in a rising market has done nothing clever. This strips that out and leaves what was actually the company's doing.

-14.3 pts
Caught of the market's up moves

Caught of the market's up moves

How much of the market's good days this stock catches.

How it's worked out

The stock's total return across the index's up days, divided by the index's own.

How to read it

Above 100 means it rises more than the market does. Read it with down capture — the pair is the whole picture, either half alone flatters.

152%
Caught of its down moves

Caught of its down moves

How much of the market's bad days this stock catches.

How it's worked out

The stock's total return across the index's down days, divided by the index's own.

How to read it

Below 100 means it falls less than the market. Above 100 on the downside is the warning a headline return usually hides.

164%
Worst day in twenty

Worst day in twenty

The fall you should expect to see on a bad day.

How it's worked out

The fifth-percentile daily return over the last year — the actual distribution, not a bell curve.

How to read it

One session in twenty is at least this bad. It is a normal day at the office, not a crash, and the crash is worse than this by definition.

−4.3%
Below its 52-week high

Below its 52-week high

How far under its best price of the year it sits now.

How it's worked out

The 52-week high minus today's price, as a percentage of that high.

How to read it

Different from the biggest drawdown, which is the worst it ever got. This is the hole still to climb out of.

27.8% · 190 sessions

It has fallen with the index more than it has risen with it.

Maple Leaf Cement Factory balance sheet and returns

Return on equity, book value, gearing and margins for Maple Leaf Cement Factory — read out of the company’s own audited annual report, because the exchange publishes no balance sheet. Figures for the year ended 30 Jun 2025.

Return on equity

Return on equity

What the company earned on the shareholders' own money.

How it's worked out

Profit after tax divided by total equity, both from the balance sheet in the company's latest annual report. PSX publishes no balance sheet, so this is read out of the filing itself.

How to read it

The headline test of whether management is any good. Above ~20% is strong for PSX; below the rate you'd get on a bank deposit means the business is earning less than doing nothing. Blank on negative equity, where the number flatters instead of informing.

23.84%
Return on assets

Return on assets

Earnings against everything the company controls, not just what shareholders put in.

How it's worked out

Profit after tax divided by total assets, from the annual report's balance sheet.

How to read it

Read it beside return on equity. A wide gap between the two is borrowed money doing the work — on a bank or a leasing company, that gap is the whole story.

14.30%
Book value / share

Book value per share

The accounting value of one share, in rupees.

How it's worked out

Total equity divided by shares outstanding — what each share would be worth if the company sold everything at balance-sheet value and paid off every debt.

How to read it

The floor under a share price, loosely. It ignores brands, people and future profits, so a good business trades well above it and a broken one below.

Rs 68.22
Price to book

Price to book

What the market charges for each rupee of net assets.

How it's worked out

Share price divided by book value per share.

How to read it

Under 1 means the market values the whole company at less than the net assets on its own balance sheet. On PSX that is common and is sometimes a bargain and sometimes a warning — check why.

1.41×
Current ratio

Current ratio

Can it pay the bills due inside a year?

How it's worked out

Current assets divided by current liabilities, from the annual report.

How to read it

Under 1 means more falls due within a year than the company expects to collect within one. Not fatal on its own — but it is the first place to look when a company is in trouble.

1.53×
Debt to equity

Debt to equity

How much is owed against how much is owned outright.

How it's worked out

Total liabilities divided by total equity. The broad measure — all liabilities, not only interest-bearing borrowings — because that is what the published tables reliably carry.

How to read it

Leverage magnifies both directions. High gearing is normal for banks and leasing, alarming for a manufacturer in a high-rate year like Pakistan has had.

0.67×
Funded by shareholders

Funded by shareholders

The share of the balance sheet shareholders actually paid for.

How it's worked out

Total equity as a percentage of total assets — the plain-English complement of leverage.

How to read it

The higher it is, the less the company depends on lenders staying friendly. At Pakistani interest rates that dependence has been expensive.

60%
Gross margin

Gross margin

What's left of each sales rupee after the cost of making the thing.

How it's worked out

Gross profit as a percentage of sales, from the annual report.

How to read it

Pricing power in one number. A margin that holds while the rupee falls means the company can pass costs on; one that shrinks means it cannot.

34.44%
Effective tax rate

Effective tax rate

The share of pre-tax profit that actually went to the FBR.

How it's worked out

Taxation divided by profit before tax, from the annual report. Blank on a pre-tax loss, where the ratio inverts and means nothing.

How to read it

Pakistan's headline corporate rate plus super tax means many companies pay far more than 29%. A rate well above peers is a real drag on what reaches shareholders.

21%
Year ended Total assets Equity Revenue Profit ROE
30 Jun 2025 Rs 119T Rs 71.5T Rs 68.9T Rs 17T 23.8%
30 Jun 2024 Rs 99.4T Rs 52.6T Rs 66.5T Rs 5.3T 10.0%
30 Jun 2023 Rs 89.7T Rs 44.9T Rs 62.1T Rs 4.5T 10.0%
30 Jun 2022 Rs 82.2T Rs 40.6T Rs 48.5T Rs 3.6T 8.9%
30 Jun 2021 Rs 66.2T Rs 37.5T Rs 35.5T Rs 6.3T 16.7%
30 Jun 2020 Rs 66T Rs 31.3T Rs 29.1T −Rs 4.8T -15.5%

Source: Maple Leaf Cement Factory’s annual report, page 168. Every figure above can be checked against it.

Maple Leaf Cement Factory filings and reports

56 documents Maple Leaf Cement Factory has published — annual reports, quarterly accounts and briefing decks. PSX filings are marked PSX; the rest come from the company’s own investor relations page (visit it). Links open the original PDF at the source.

About Maple Leaf Cement Factory Limited

Maple Leaf Cement Factory Limited (“the Company”) is a public company limited by shares incorporated in Pakistan on April 13, 1960 under the repealed Companies Act, 1913 (now, the Companies Act, 2017). The Company’s ordinary shares are listed on the Pakistan Stock Exchange Limited. The Company is engaged in the production and sale of cement and wall putty. The Company is a subsidiary of Kohinoor Textile Mills Limited (“the Holding Company”) which is also the ultimate parent of the Company.

Key people

  • Sayeed Tariq Saigol · CEO
  • Tariq Sayeed Saigol · Chairperson
  • Muhammad Ashraf · Company Secretary
Sector
Cement
Website
www.kmlg.com
Head office
42-Lawrence Road, Lahore.
Auditor
A.F. Ferguson & Co. Chartered Accountants
Share registrar
Vision Consulting Ltd - 5-C, LDA Flats, First Floor, Lawrence Road, Lahore
Fiscal year end
June

Financials

Annual figures from PSX filings. Money in PKR (converted from thousands); EPS in rupees per share.

FY (June) 2026202520242023
Sales Rs 70.7BRs 68.9BRs 66.5BRs 62.1B
Profit after Taxation Rs 8.4BRs 17BRs 5.3BRs 4.5B
EPS Rs 8.06Rs 16.26Rs 4.98Rs 4.18
EPS Growth −50.4%+226.5%+19.1%+26.7%
Gross Profit Margin 33.9%34.4%31.6%26.5%
Net Profit Margin 11.9%24.7%7.9%7.2%

Dividends & corporate actions

PSX quotes payouts as a % of the Rs 10 face value — 25% = Rs 2.50 per share. Unconfirmed ex-dates are marked “expected”.

MLCF dividends and corporate actions
Type % of face Per share Ex-date Book closure Buy by
No dividends or corporate actions on record for MLCF.

Analyst consensus

Strong Buy · 6 analysts

Avg target
Rs 149.97(+56%)
Range
Rs 140.00 – 163.00
EPS this FY
Rs 14.18
EPS next FY
Rs 17.05

10 strong buy · 1 buy · as of 23 Sep 2026

Quick answers

What is MLCF's dividend yield?

Equivest's PSX data does not show a trailing dividend yield for Maple Leaf Cement Factory Limited (MLCF) as of 23 Sep 2026. Check the dividend history table on this page for declared payouts.

What is MLCF's P/E ratio?

MLCF trades at a trailing price-to-earnings ratio of 11.9× based on a price of Rs 96.07 as of 23 Sep 2026. Its market capitalisation is about Rs 101B.

Is MLCF Shariah compliant?

Yes. Maple Leaf Cement Factory Limited (MLCF) is flagged Shariah-compliant in PSX data as of 23 Sep 2026 and is a constituent of the KMI-30 Islamic index. Screening status can change at each review, so confirm with your Shariah advisor before investing.

Is MLCF trending up or down?

Equivest's trend read for MLCF is Leaning Down since 18 Sep 2026: see the reasons on this page. Below the 50- and 200-day averages; Down 10.3% over 3 months; Fell 44.1% from its 1-year peak at worst. The read describes the closes through 23 Sep 2026; it is not a recommendation.

Is MLCF cheap?

MLCF shows an earnings yield of 8.39%, a net margin of 11.9%. Its price-to-earnings multiple is lower than 17% of companies in the same PSX sector with reported earnings. Whether that makes it cheap depends on why the market prices it that way, which no ratio answers. A Rs 1,000,000 order is about a rounding error in a normal session, judged on the median value traded over the last 60 sessions.

What is the total return on MLCF including dividends?

MLCF returned -10.2% over the last year counting the cash dividends paid. Dividends are counted as received on their ex-date, not reinvested. Figures to 23 Sep 2026.

How liquid is MLCF?

On Equivest's reading of the last 60 sessions, a Rs 1,000,000 order moves the price about 0.15 basis points on a median session, the implied bid-ask spread works out at about 0.94% of price, the stock traded on 100% of the last year's sessions. Those are estimates from daily closes and volumes, not from the order book, and they describe normal sessions rather than the day you need to sell.

What is MLCF's beta?

MLCF's one-year beta against the KSE-100 is 1.41 (correlation 0.77), measured on daily closes to 23 Sep 2026. Its annualised volatility is 31% over 30 days and 42% over 90; the worst peak-to-trough fall in the last year was −44.1%.

Related: Cement

Largest companies in the same PSX sector.

MLCF sector peers
Symbol Company Price Chg % Mkt cap P/E
LUCK Lucky Cement Limited 424.34 +0.13% Rs 622B 13.3×
BWCL Bestway Cement Limited 447.93 +0.44% Rs 267B 10.4×
FCCL Fauji Cement Company Limited 54.41 +0.65% Rs 133B 8.2×
DGKC D.G. Khan Cement Company Limited 199.97 −0.12% Rs 87.6B 7.7×
KOHC Kohat Cement Company Limited 91.64 +0.59% Rs 84.2B 7.9×
PIOC Pioneer Cement Limited 251.84 +0.74% Rs 57.2B 8.7×

Data from PSX via Equivest, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of .

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