MTL Millat Tractors share price

SHARIAH COMPLIANTAll-Cement All-Share KMI All-Share KSE-100 MII-30 PSX Div 20 Open in SuperX Charts

Rs 297.59

▲ +0.69 (+0.23%)

Vol 329K · Close · 11 Nov 2026 ● live

As of 11 Nov 2026, the Millat Tractors (MTL) share price is Rs 297.59 (+0.23% on the day). Over the last year it has moved +13.33%. Its market capitalisation is about Rs 119B. The trailing dividend yield is 7.06%. It is flagged Shariah-compliant in PSX data. Millat Tractors is in the Automobile Assembler sector, and is a KSE-100 member. Its last cash dividend was Rs 11.00 a share, ex-date 19 Oct 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 does not mean the price is high against earnings, and a small one does not mean it is low — that is what the ratios below are for.: Rs 119B; as of 11 Nov 2026
Price per rupee earned Price per rupee earned 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 only means something against something — the same company's history, its sector, or the market. On its own this ratio says very little, and it is blank when a company lost money.: 15.2×; price-to-earnings · unconsolidated, the screener's twelve months differ from the quarters on file (PSX screener)
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.: 7.06%; Rs 21.00/sh last 12m ÷ Rs 297.59
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.: 123K

MTL earnings per share: Rs 20.82 · unconsolidated · twelve months to 30 Sep 2026 · PSX company page

52-week range 75% of range

232.50 297.59 318.90

1W: +4.15%
1M: +0.84%
3M: −1.98%
6M: +4.97%
YTD: +13.32%
1Y: +13.33%

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.: 180M; 45% of shares
Shares outstanding Shares outstanding Every share the company has issued. How it's worked out The share count in the company's own filings, including the blocks nobody trades. How to read it Divide any per-share figure by this. It is larger than the free float on almost every PSX name, because sponsors and the government own shares that never reach the market.: 399M
Day range: 296.00 – 299.00; prev close 296.90
Shariah: Compliant

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

Read off the numbers below · 11 Nov 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

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 automobile assembler.

P/E in the dearest quarter of its sector
Trades 89% above the KSE-100's own multiple.

50% or more above the market P/E
It paid out 107% of earnings — more than it made.

Payout ratio above 100%

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

MTL in figures

Numbers SuperX holds, as of 11 Nov 2026. Each one names its basis and its date. Not advice.

Return over time

The stock runs to the quote of 15:45 on 11 Nov 2026. The sector median runs to the close of 11 Nov 2026, over 9 companies.

Over	Price only	With dividends	KSE-100	Sector median
1 monthfrom 12 Oct 2026, price Rs 295.12	+0.84%	+4.57%dividends Rs 11.00	+8.45%	+3.10% (9 companies)
3 monthsfrom 13 Aug 2026, price Rs 303.59	-1.98%	+1.64%dividends Rs 11.00	-0.57%	-11.20% (9 companies)
6 monthsfrom 13 May 2026, price Rs 283.50	+4.97%	+8.85%dividends Rs 11.00	+6.95%	-6.69% (9 companies)
Since 1 Januaryfrom 31 Dec 2025, price Rs 262.60	+13.32%	+19.41%dividends Rs 16.00	+2.89%	-8.26% (9 companies)
1 yearfrom 11 Nov 2025, price Rs 262.58	+13.33%	+19.42%dividends Rs 16.00	+13.44%	-9.38% (9 companies)

price: adjusted closes to the live quote; total: plus cash dividends (payout notices, one row per ex-date, restated for later bonus or rights issues), not reinvested; kse100: an index that reinvests dividends

Key figures against the sector

Sector: AUTOMOBILE ASSEMBLER (code 0801), 9 other companies. PSX sector; active common stocks with a close in the last 10 sessions; the company itself and retired or duplicate tickers excluded; blank under 5

Price per rupee earned	15.23×	sector median 6.86× (8 companies) · 122.0% above the sector median · the word is used when the gap is more than 10% · above 7 of 8 sector companiesunconsolidated, the screener's twelve months differ from the quarters on file (PSX screener)
Dividend yield	7.06%	7 of 9 sector companies pay a dividend · median over payers only: 3.46% (7 companies) · 104.1% above the sector median · the word is used when the gap is more than 10% · above 6 of 7 sector companiescash dividends of the twelve months to the as-of date over the price
Net profit as a share of sales	12.30%	sector median 8.79% (8 companies) · 40.0% above the sector median · the word is used when the gap is more than 10% · above 7 of 8 sector companiesyear to 30 Jun 2026, filed, unconsolidated
Sales growth a year, over 3 years	13.00%	sector median 19.89% (8 companies) · 34.7% below the sector median · the word is used when the gap is more than 10% · above 3 of 8 sector companiesfiled Sales, year to 30 Jun 2023 to year to 30 Jun 2026, unconsolidated
Move with the KSE-100 (beta), 1 year	0.45	sector median 0.93 (9 companies) · 52.3% below the sector median · the word is used when the gap is more than 10% · above 0 of 9 sector companiesdaily returns of the year to 11 Nov 2026 against the KSE-100
Return over 1 year, with dividends	21.33%	sector median -9.38% (9 companies) · 327.4% above the sector median · the word is used when the gap is more than 10% · above 8 of 9 sector companiesclose to close over one year, adjusted closes, plus cash dividends of the exchange's payout notices, not reinvested

Results, by period end

unconsolidated, as filed · financial year ends 30 June · 5 of 5 years held

Period	Earnings per share (Rs)	Sales (Rs thousand)	Net profit as a share of sales	Change in earnings per share on the year before
Year to 30 Jun 2026	19.65	63,755,236	12.30%	+23.0%
Year to 30 Jun 2025	15.97	52,108,997	12.23%	-69.4%
Year to 30 Jun 2024	52.26	91,534,501	11.17%	+196.8%
Year to 30 Jun 2023	17.61	44,190,843	7.64%	-37.5%
Year to 30 Jun 2022	28.19	53,374,415	10.13%	—

Quarter	Earnings per share (Rs)	Change on the same quarter a year before
Quarter to 30 Sep 2026	2.46	+90.7%
Quarter to 31 Mar 2026	15.62	+124.4%
Quarter to 31 Dec 2025	12.06	—
Quarter to 30 Sep 2025	1.29	—

Dividends, by financial year

cash dividends by the fiscal year of the ex-date. Twelve months from 11 Nov 2025: Rs 21.00 a share.

Financial year	Paid a share	Payouts
Year to 30 Jun 2027 (year in progress)	Rs 11.00	1
Year to 30 Jun 2026	Rs 17.50	2
Year to 30 Jun 2025	Rs 22.50	1
Year to 30 Jun 2024	Rs 20.00	2
Year to 30 Jun 2023	Rs 9.39	2
Year to 30 Jun 2022	Rs 18.24	2

payout notices, one row per ex-date, as paid

Who holds the shares

Free float: 45.0% of sharesas of 6 Nov 2026
Held in the central depository, other than by the government: 53.9%as of 30 Nov 2025
Shares financed through margin trading, open: 86,300as of 10 Nov 2026

Where the price stands

Place in the 52-week range: 75.3% of the way from the low to the highrange taken from intraday prices, as of 11 Nov 2026
Reading of the last 14 sessions: 60.5 on a scale of 0 to 100, between 30 and 70below 30 and above 70 mark the two outer bands

Next results

Half year to 31 Dec 2026: expected between 11 Feb 2027 to 27 Feb 2027.

A projection, not an announced date. Basis: typical lag over 8 filings, as of 11 Nov 2026.

Grades, A to F

As of 11 Nov 2026. percentile among the traded universe, 0-100, cut in fifths. Weights: equal: a factor's score is the plain mean of its inputs' percentiles. A: percentile >= 80 (the top 20 %), B: >= 60, C: >= 40, D: >= 20, F: below 20 (the bottom 20 %). A percentile is the mid-rank: 100 x (scrips below + half the scrips equal) / scrips with the figure. Among: all listed shares, excluding debt and ETFs; market-wide percentiles, not sector-relative, 392 companies. Graded: /screens/table rows with at least Rs 10 m traded over the last 20 sessions, on at least 18 of them. Estimate revisions are not graded: PSX scrips have no published consensus estimates, so there is no estimate revision to grade.

Price against earnings, book value and dividendC

ahead of 58.3% of graded companies · 2 of 3 figures held

earnings over price: 6.57, ahead of 27% of companies
dividend yield: 7.06, ahead of 88% of companies

Growth in sales and earningsC

ahead of 58.8% of graded companies · 2 of 2 figures held

sales growth, 3 years: 13.00, ahead of 67% of companies
earnings per share growth, 3 years: 3.72, ahead of 44% of companies

Profit margin and return on equityB

ahead of 69.7% of graded companies · 1 of 2 figures held

net profit as a share of sales: 12.30, ahead of 71% of companies

Price change over 3, 6 and 12 monthsB

ahead of 72.6% of graded companies · 3 of 3 figures held

return, 3 months: -1.98, ahead of 66% of companies
return, 6 months: 4.97, ahead of 63% of companies
return, 1 year: 13.33, ahead of 67% of companies

Facts only: each letter is where the scrip's own figures stand among the traded universe on this session's data. It is not advice and not a forecast.

Sources and dates

returns: daily closes, index closes, as of 11 Nov 2026
dividends: payout notices, bonus and rights adjustments, as of 4 Nov 2026
results: filed accounts (PSX company page), as of 30 Sep 2026

MTL · 1-year close 250 sessions · change withheld — SuperX's own measurement is measured from a session this line does not draw

10 Nov H 313.96 · 17 Jun L 244.26 · 3 Mar 11 Nov

Open MTL in the plotter → Compare with the KSE-100

Open in SuperX Charts ↗ MTL chart on SuperX Charts Share this chart

Trend read

Sideways

Since 6 Nov 2026 · daily closes to 11 Nov 2026

•Above the 50- and 200-day averages
•Volume 2.4× the 20-day average

Heavy Volume

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 →

Buying vs selling, 14 sessions Buying vs selling, 14 sessions 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. A share that keeps rising can sit above 70 for months, so this describes what the price has done; it does not forecast a turn.: 60; neutral band
vs 50-day avg: +0.7%; SMA Rs 295.41
vs 200-day avg: +5.3%; SMA Rs 282.60
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.: 0.45; correlation 0.54 · 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.: 18%; 30d · 17% 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.: −15.3%
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.: 2.42×; avg 147K
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: 11 Nov 2026

How does MTL’s valuation compare with its sector?

Computed from reported filings and MTL's own price history · 11 Nov 2026

One ratio on its own says little. These put MTL'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 What the business earns on its price, so it lines up with a savings rate. How it's worked out Earnings per share divided by the share price — the price-to-earnings ratio turned over. 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.: 6.57%
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 price-to-earnings ratio says nothing. It ignores costs entirely, so a low number does not mean a good business.: 1.86×
Price, earnings and growth together Price, earnings and growth together The price per rupee earned, measured against how fast earnings are growing. How it's worked out The price-to-earnings ratio 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.: 4.09
vs the KSE-100's own multiple vs the KSE-100's own multiple Whether a rupee of this company's earnings costs more or less than the market's. How it's worked out Its price-to-earnings ratio 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. Below the market is a question, not an answer: often the market is right about why.: +89%
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.: 75%
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.: +6.6 pts

It costs less for each rupee earned than 17% of the automobile assembler companies with reported earnings, and it yields more than 81% of them.

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.: Rs 21.00
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.: 2
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.: 107%
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.: 0.94×
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.: 12.3%
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.: +3.7% 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.: +13.0% a year

It paid out more than it earned over the last year — sustainable from reserves for a while, not indefinitely.

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 40M
Sessions to trade Rs 1M Sessions to trade Rs 1M How long it would take to trade into or out of 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.: 0.03
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.: 0.08%
Price impact per Rs 1M traded Price impact per Rs 1M How much a Rs 1,000,000 order moves the price on a typical day. How it's worked out We take the size of the price move on each day and divide it by the money traded that day, then scale it to a Rs 1,000,000 order. We use the middle value over the last year. Traders call this the Amihud ratio. It is shown in basis points: 100 basis points is 1%, so 0.07 basis points is 0.0007%. How to read it A small number means an order of this size barely moves the price. A large number means the price moves a lot when someone buys or sells this much.: 1 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.: 0.23%
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.: 46%
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% is more than 25 such days in the last 250 — on each of those days no trade happened at any price, so an order placed that day did not execute.: 100%

Liquidity is deep: a Rs 1,000,000 order is about 3% of a normal session's turnover.

A Rs 1,000,000 ticket nudges the price — about 1 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. incl. dividends: +21.3%
— from the price: +13.3%
— 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.: +8.0%
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.: 0.60
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.: +10.4 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.: 42%
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 means it falls further than the market does on the market's bad days, which a headline return usually hides.: 36%
Worst day in twenty Worst day in twenty The fall to expect 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.: −1.9%
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.: 6.7% · 100 sessions

Dividends were 38% of what a holder made over the year — the part a price chart never shows.

Millat Tractors balance sheet and returns

Return on equity, book value, gearing and margins for Millat Tractors — read out of the company’s own audited annual report, because the exchange publishes no balance sheet. Figures for the year ended 30 Jun 2021, 65 months old.

That year ended more than 18 months before the last session we priced, so this page does not compute a price-to-book or a book value per share from it. A live price over a book value 65 months old measures how far behind our reading is, not what the company is worth.

Newest balance sheet on this page: FY2021. Annual reports for FY2022, FY2023, FY2024, FY2025 and FY2026 are in the filings list below and have not been read yet.

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 about 20% is high for PSX; below the rate a bank deposit pays means the business earns less than doing nothing. Blank on negative equity, where the number flatters instead of informing.: 63.58%
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.: 23.30%
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.: not computed: book value is 65 months old
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.: not computed: book value is 65 months old
Liabilities to equity Liabilities 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.: 1.73×
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 cost a great deal.: 37%
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.: 21.09%
Operating margin Operating margin What's left of each sales rupee after running the business. How it's worked out Operating profit as a percentage of sales — after overheads, before interest and tax. How to read it The cleanest view of the business itself, stripped of how it is financed and taxed.: 17.95%

Year ended	Total assets	Equity	Revenue	Profit	ROE
30 Jun 2021	Rs 24.8T	Rs 9.1T	Rs 44T	Rs 5.8T	63.6%
30 Jun 2020	Rs 10.8T	Rs 4.1T	Rs 22.9T	Rs 2.2T	52.8%
30 Jun 2019	Rs 10.6T	Rs 4.8T	Rs 31.1T	Rs 3.6T	75.3%
30 Jun 2018	Rs 16.6T	Rs 5.7T	Rs 38.5T	Rs 5.3T	94.3%
30 Jun 2017	Rs 17.1T	Rs 5.7T	Rs 30T	Rs 4.3T	74.0%
30 Jun 2016	Rs 9.7T	Rs 4.1T	Rs 16.9T	Rs 1.8T	42.3%

Source: Millat Tractors’s annual report, page 90. Every figure above can be checked against it.

Millat Tractors filings and reports

71 documents Millat Tractors 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.

Annual reports · 15

and 7 more

Corporate briefings · 3

Half-yearly accounts · 4

Quarterly accounts · 47

and 39 more

Financial results · 2

What matters now for MTL

Three dated records out of MTL’s own history, read against the last session SuperX holds, 11 Nov 2026. Each line is a row, not a summary.

Last ex-dividend

19 Oct 2026

Ex-dividend Rs 11

the first day a buyer gets no dividend. 23 days before 11 Nov 2026.
Next results

11 Feb 2027

half_year results due 2027-02-11 – 2027-02-27

projected — A window SuperX projected from this company’s own past filing dates. Not a date the company gave. 92 days after 11 Nov 2026.
Last large move

27 Jul 2026

+3.77%

Up 3.8% on 1.2× the usual volume, gapping 2.1% at the open. The automobile assembler sector moved the same way, median +3.9% (10 of 10 names up). The KSE-100 moved +4.2% the same day. Foreign investors were net sellers of Rs 1,059M across the market.

MTL’s dated record

The exchange’s own record and ours: ex-dividends, book closures, results, every session move of 3% or more with the reason written out, the notices that move a price, and the news about Millat Tractors. Dates that have not happened are kept apart from dates that have, and each one says whether it was announced or projected.

Ahead · 1

These dates are after 11 Nov 2026. None of them has happened. A row marked projected is SuperX’s own window, built from how late this company has filed before; a row marked announced is a date on the exchange’s record.

11 Feb 2027 Results half_year results due 2027-02-11 – 2027-02-27 projected — A window SuperX projected from this company’s own past filing dates. Not a date the company gave.

The last 90 days · 7

2 dates below carry more than one row, shaded and marked same date. These rows share one date. SuperX holds no time of day for them, so the order here is this page’s own and not a sequence. Neither row is shown as the cause of the other.

22 Oct 2026
- Notice financial results Financial Results for the Quarter Ended September 30, 2026
- Results quarter results (2026-09-30)
same date · 2 rows · no time of day held
19 Oct 2026
- Ex-dividend Ex-dividend Rs 11
15 Oct 2026
- Notice board meeting Board Meeting
16 Sep 2026
- Notice financial results Financial Results for the year ended 30-06-2026
- News “Millat Tractors FY26 Profit Up 23%” — ProPakistani ↗
same date · 2 rows · no time of day held
9 Sep 2026
- Notice board meeting 209th BOD meeting of Millat Tractors Limited

Earlier · 46

Move 20 session moves, 10 Apr 2025 to 27 Jul 2026 open

27 Jul 2026 +3.77% Up 3.8% on 1.2× the usual volume, gapping 2.1% at the open. The automobile assembler sector moved the same way, median +3.9% (10 of 10 names up). The KSE-100 moved +4.2% the same day. Foreign investors were net sellers of Rs 1,059M across the market.
17 Jun 2026 +5.8% Up 5.8% on 6.5× the usual volume. A new 52-week high.
16 Jun 2026 +3.4% Up 3.4% on 4.4× the usual volume. The KSE-100 moved +1.9% the same day. Foreign investors were net sellers of Rs 1,206M across the market.
29 May 2026 +3.49% Up 3.5% on 2.6× the usual volume. The automobile assembler sector moved the same way, median +1.7% (9 of 10 names up). The KSE-100 moved +1.3% the same day.
7 May 2026 +4.14% Up 4.1% on 6.4× the usual volume. The automobile assembler sector moved the same way, median +1.7% (7 of 10 names up). Material information was filed within the last two sessions.
29 Apr 2026 +4.03% Up 4.0% on 7.2× the usual volume, gapping 10.0% at the open. Financial results were announced within the last two sessions. Material information was filed within the last two sessions.
8 Apr 2026 +6.27% Up 6.3% on 1.9× the usual volume, gapping 7.7% at the open. The automobile assembler sector moved the same way, median +9.7% (10 of 10 names up). The KSE-100 moved +9.3% the same day. Foreign investors were net sellers of Rs 1,793M across the market.
2 Mar 2026 -6.6% Down 6.6% on 1.3× the usual volume, gapping 8.4% at the open. The automobile assembler sector moved the same way, median -10.0% (10 of 10 names down). The KSE-100 moved -9.6% the same day. Foreign investors were net sellers of Rs 1,254M across the market.
17 Feb 2026 +3.32% Up 3.3% on 1.6× the usual volume. Against the automobile assembler sector, which moved -1.5%. Foreign investors were net sellers of Rs 1,686M across the market. Financial results were announced within the last two sessions.
16 Feb 2026 -4.53% Down 4.5% on 0.9× the usual volume. The automobile assembler sector moved the same way, median -3.3% (10 of 10 names down). The KSE-100 moved -2.9% the same day. Foreign investors were net sellers of Rs 3,313M across the market.
26 Jan 2026 +3.47% Up 3.5% on 5.5× the usual volume. Foreign investors were net buyers of Rs 1,652M across the market.
20 Aug 2025 +4.59% Up 4.6% on 8.9× the usual volume. Foreign investors were net sellers of Rs 1,916M across the market.
3 Jul 2025 -3.1% Down 3.1% on 3.2× the usual volume.
24 Jun 2025 +3.86% Up 3.9% on 1.2× the usual volume, gapping 4.6% at the open. The automobile assembler sector moved the same way, median +6.8% (10 of 10 names up). The KSE-100 moved +5.2% the same day.
23 Jun 2025 -3.1% Down 3.1% on 0.6× the usual volume. The automobile assembler sector moved the same way, median -5.6% (10 of 10 names down). The KSE-100 moved -3.2% the same day.
12 May 2025 +9.99% Up 10.0% on 1.2× the usual volume, gapping 10.0% at the open. The automobile assembler sector moved the same way, median +10.0% (10 of 10 names up). The KSE-100 moved +9.4% the same day.
8 May 2025 -4.41% Down 4.4% on 0.9× the usual volume. The automobile assembler sector moved the same way, median -7.7% (9 of 10 names down). The KSE-100 moved -5.9% the same day.
7 May 2025 -3.16% Down 3.2% on 0.8× the usual volume, gapping 9.5% at the open. The automobile assembler sector moved the same way, median -4.2% (10 of 10 names down). The KSE-100 moved -3.1% the same day.
30 Apr 2025 -5.3% Down 5.3% on 0.7× the usual volume. The automobile assembler sector moved the same way, median -4.0% (9 of 10 names down). The KSE-100 moved -3.1% the same day. Foreign investors were net sellers of Rs 1,122M across the market.
10 Apr 2025 +3.21% Up 3.2% on 1.4× the usual volume. The automobile assembler sector moved the same way, median +2.3% (10 of 10 names up). The KSE-100 moved +1.8% the same day.

Notice 16 notices, 4 Feb 2025 to 22 Jun 2026 open

22 Jun 2026 capital change Credit of Ordinary Shares of Millat Tractors Limited pursuant to the Sub-Division of Shares under Section 85(1)(c) of the Companies Act. 2017
12 Jun 2026 capital change Notice of book closure for sub division of shares
29 Apr 2026 financial results Financial results for period ended March 31, 2026
21 Apr 2026 board meeting BOARD MEETING FOR QUARTERLY RESULTS
17 Feb 2026 financial results Financial Results for the quarter ended December 31, 2025
10 Feb 2026 board meeting Board meeting
27 Oct 2025 financial results Financial Results for the Quarter Ended September 30, 2025
20 Oct 2025 board meeting Board Meeting
15 Sep 2025 financial results Financial Results for the Year Ended June 30, 2025
8 Sep 2025 board meeting Board Meeting
25 Apr 2025 financial results Financial Results for the Quarter Ended 31-03-2025
18 Apr 2025 board meeting Board Meeting
19 Feb 2025 financial results Financial Results for the Quarter Ended December 31, 2024
12 Feb 2025 board meeting Board Meeting
11 Feb 2025 board meeting Results of the 202nd Board Meeting ( Other Than Financial Results)
4 Feb 2025 board meeting Board Meeting Other Than Financial Results

Ex-dividend 10 ex-dividends, 10 Mar 2021 to 3 Mar 2026 open

3 Mar 2026 Ex-dividend Rs 10
15 Oct 2025 Ex-dividend Rs 7.5
3 Mar 2025 Ex-dividend Rs 22.5
8 Mar 2024 Ex-dividend Rs 12.5
18 Oct 2023 Ex-dividend Rs 7.5
2 Mar 2023 Ex-dividend Rs 3.33333
19 Oct 2022 Ex-dividend Rs 6.06061
7 Mar 2022 Ex-dividend Rs 9.4697
21 Oct 2021 Ex-dividend Rs 8.76824
10 Mar 2021 Ex-dividend Rs 7.30686

SuperX holds 73 dated records for MTL and this page lists 54. Every ex-dividend, book closure, results filing and ticker change is listed. The session moves, notices are cut to the most recent of each.

What SuperX wrote about MTL

Three sentences, written overnight from the close of 11 Nov 2026, each one shown with the figures it rests on. SuperX holds no shares in Millat Tractors. Data, not advice.

The sector's median move on 11 Nov was -0.46%. Three of its ten scrips rose and seven fell.

sector today, median pct

-0.46

sector today, up

3

sector today, down

7

sector today, scrips

10

sector today, date words

11 Nov
Market-wide, foreign investors bought PKR 1689.11 million on 10 Nov. Local investors sold the same amount.

net foreign investor buying across the whole market, millions of rupees

1689.11

net local investor buying across the whole market, millions of rupees

-1689.11

market flows, date words

10 Nov
The half-year period ends on 31 Dec. Last year the company filed its half-year results on 17 Feb.

next results, period end words

31 Dec

next results, last year filed on words

17 Feb

which results they are

half_year

Written 11 Nov 2026 from the close of 11 Nov 2026 by anthropic/claude-haiku-5.5, prompt 2026-11-04.2+rules2026-11-10.1. Every number in it was checked against the figures above before the row was stored; a sentence whose figures were not on that sheet was refused and never written.

MTL in the news

Stories from Pakistani business desks that name Millat Tractors in the headline. A market report that lists MTL among the day's movers is not shown here; it belongs to the market, not to this company. Links open the publisher.

About Millat Tractors Limited

Millat Tractors Limited is a public limited company and was incorporated in Pakistan in 1964 under the Companies Act, 1913 (now the Companies Act, 2017). The Company is principally engaged in assembling and manufacturing of agricultural tractors, implements and multiapplication products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad.

Key people

Raheel Asghar · CEO
Sikandar Mustafa Khan · Chairperson
Mudassar Siddique · Company Secretary

Sector: Automobile Assembler
Website: www.millat.com.pk
Head office: 9 - km Sheikhupura Road, Distt. Sheikhupura
Auditor: A.F. Ferguson Chartered Accountants
Share registrar: CDC Share Registrar Services Limited, CDC House, 99-B, Block B, S.M.C.H.S, Main Shahra-e-Fiasal, Karachi-74400
Fiscal year end: June

What are MTL’s sales, profit and earnings per share?

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

FY (June)	2026	2025	2024	2023
Sales	Rs 63.8B	Rs 52.1B	Rs 91.5B	Rs 44.2B
Profit after Taxation	Rs 7.8B	Rs 6.4B	Rs 10.2B	Rs 3.4B
EPS	Rs 19.65	Rs 15.97	Rs 52.26	Rs 17.61
EPS Growth	+23.0%	−69.4%	+196.8%	−37.5%
Gross Profit Margin	31.9%	26.6%	23.4%	20.0%
Net Profit Margin	12.3%	12.2%	11.2%	7.6%

What dividends has MTL paid?

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

FULL DIVIDEND HISTORY →

MTL dividends and corporate actions
Type	% of face	Per share	Ex-date	Book closure	Qualify by
Cash dividend	220%	Rs 11.00	19 Oct 2026	20 Oct 2026 – 27 Oct 2026	16 Oct 2026
Cash dividend	200%	Rs 10.00	3 Mar 2026	4 Mar 2026 – 6 Apr 2026	2 Mar 2026
Cash dividend	150%	Rs 7.50	15 Oct 2025	17 Oct 2025 – 24 Oct 2025	14 Oct 2025
Cash dividend	450%	Rs 22.50	3 Mar 2025	5 Mar 2025 – 7 Mar 2025	28 Feb 2025

Brokers’ 12-month price targets for MTL, not SuperX’s

Collected from sell-side research notes. The figures here are the brokers’.

Lowest target: Rs 267.50
Average target: Rs 293.50
Highest target: Rs 319.50
Analysts: 2
EPS this FY: Rs 46.05
EPS next FY: Rs 34.23

47 of 49 covered PSX names carry a buy-family label; 0 hold, 0 sell. 2 carry a label this count does not recognise. For MTL: 1 strong buy · 1 hold. As of 16 Sep 2026.

A target is one analyst’s estimate of a price twelve months out. SuperX does not check it, score it, or convert it into a view.

MTL share price: quick answers

What is the Millat Tractors (MTL) share price?

As of 11 Nov 2026, the Millat Tractors (MTL) share price is Rs 297.59 (+0.23% on the day). Over the last year it has moved +13.33%.

What was MTL's last dividend?

Its last cash dividend was Rs 11.00 a share, ex-date 19 Oct 2026.

What is MTL's dividend yield?

As of 11 Nov 2026, Millat Tractors Limited (MTL) has a trailing dividend yield of 7.06% at a share price of Rs 297.59. Cash dividends declared over the last 12 months total Rs 21.00 per share.

How much does MTL cost for each rupee it earns?

At Rs 297.59 a share on 11 Nov 2026, each rupee MTL earned over the last twelve months costs Rs 15.2. That is a trailing price-to-earnings ratio of 15.2×. Its market capitalisation is about Rs 119B.

Is MTL Shariah compliant?

Yes. Millat Tractors Limited (MTL) is flagged Shariah-compliant in PSX data as of 11 Nov 2026 and is included in the KMI All-Share Islamic index. Screening status can change at each review, so confirm with your Shariah advisor before investing.

Is MTL trending up or down?

SuperX's trend read for MTL is Sideways since 6 Nov 2026: the price series is roughly flat. Above the 50- and 200-day averages; Volume 2.4× the 20-day average. The read describes the closes through 11 Nov 2026; it is not a recommendation.

What does MTL cost against what it earns?

MTL shows an earnings yield of 6.57%, a payout ratio of 107%, a net margin of 12.3%. Its price-to-earnings multiple is lower than 17% of companies in the same PSX sector with reported earnings. Whether that price is low or high depends on why the market sets it there, which no ratio answers. A Rs 1,000,000 order is about 3% of a normal session, judged on the median value traded over the last 60 sessions.

What is the total return on MTL including dividends?

MTL returned +21.3% over the last year counting the cash dividends paid, against a price move of +13.3% — a gap of 8.0 percentage points that a price chart alone hides. Dividends are counted as received on their ex-date, not reinvested. Figures to 11 Nov 2026.

How liquid is MTL?

On SuperX's reading of the last 60 sessions, a Rs 1,000,000 order moves the price about 1 basis points on a median session, the implied bid-ask spread works out at about 0.23% 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 one session an order has to clear.

What is MTL's beta?

MTL's one-year beta against the KSE-100 is 0.45 (correlation 0.54), measured on daily closes to 11 Nov 2026. Its annualised volatility is 18% over 30 days and 17% over 90; the worst peak-to-trough fall in the last year was −15.3%.

Who is the CEO of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the CEO of Millat Tractors (MTL) is Raheel Asghar.

Who is the chairperson of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the Chairperson of Millat Tractors (MTL) is Sikandar Mustafa Khan.

Where is the head office of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the head office of Millat Tractors (MTL) is at 9 - km Sheikhupura Road, Distt. Sheikhupura.

Who is the auditor of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the auditor of Millat Tractors (MTL) is A.F. Ferguson Chartered Accountants.

Who is the share registrar of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the share registrar of Millat Tractors (MTL) is CDC Share Registrar Services Limited, CDC House, 99-B, Block B, S.M.C.H.S, Main Shahra-e-Fiasal, Karachi-74400.

When does the financial year of Millat Tractors end?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the financial year of Millat Tractors (MTL) ends in June.

How many shares of Millat Tractors are outstanding?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, Millat Tractors (MTL) has 399,031,894 shares outstanding.

What is the free float of Millat Tractors?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, the free float of Millat Tractors (MTL) is 45% of its shares.

Which PSX indices include Millat Tractors?

As of 11 Nov 2026, PSX index data lists Millat Tractors (MTL) in the All-Cement, All-Share, KMI All-Share, KSE-100, MII-30 and PSX Div 20 indices and 1 other PSX index.

What does Millat Tractors do?

According to the company page on the Pakistan Stock Exchange (PSX), read by SuperX on 6 Nov 2026, its company profile reads: Millat Tractors Limited is a public limited company and was incorporated in Pakistan in 1964 under the Companies Act, 1913 (now the Companies Act, 2017). The Company is principally engaged in assembling and manufacturing of agricultural tractors, implements and multiapplication products.

Other Automobile Assembler stocks on PSX

Other companies in the same PSX sector, including its largest.

MTL sector peers
Symbol	Company	Price	Chg %	Mkt cap	Price/earnings
PSMC	Pak Suzuki Motor Company Limited	609.00	0.00%	Rs 50.1B	—
SAZEW	Sazgar Engineering Works Limited	1,502.74	−0.15%	Rs 90.8B	3.9×
AGTL	Al-Ghazi Tractors Limited	368.74	−0.91%	Rs 21.4B	7.0×
ATLH	Atlas Honda Limited	1,639.55	−0.25%	Rs 203B	8.8×
INDU	Indus Motor Company Limited	1,837.92	−0.46%	Rs 144B	5.5×
GHNI	Ghandhara Industries Limited	1,251.54	+0.16%	Rs 53.3B	6.7×

All Automobile Assembler stocks on PSX →

Guides for MTL

Plain explanations of the figures on this page.

Data from PSX via SuperX, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of 11 Nov 2026, 15:45 PKT.

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