Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
6.1%
0%
6.1%
6 Months
12.82%
0%
12.82%
1 Year
27.51%
0%
27.51%
2 Years
13.35%
0%
13.35%
3 Years
-3.08%
0%
-3.08%
4 Years
-2.09%
0%
-2.09%
5 Years
39.24%
0%
39.24%
Rafhan Maize Products Co. Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
15.93%
EBIT Growth (5y)
6.84%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.15
Sales to Capital Employed (avg)
2.16
Tax Ratio
37.39%
Dividend Payout Ratio
46.34%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
68.93%
ROE (avg)
31.06%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
3.09
EV to EBIT
6.45
EV to EBITDA
6.11
EV to Capital Employed
3.47
EV to Sales
1.16
PEG Ratio
0.63
Dividend Yield
4.16%
ROCE (Latest)
53.79%
ROE (Latest)
26.50%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - QoQ
Mar'25
Dec'24
Change(%)
Net Sales
19,060.20
19,605.30
-2.78%
Operating Profit (PBDIT) excl Other Income
3,348.10
3,692.20
-9.32%
Interest
246.60
234.30
5.25%
Exceptional Items
0.00
30.30
-100.00%
Consolidate Net Profit
1,955.00
1,910.10
2.35%
Operating Profit Margin (Excl OI)
166.10%
179.00%
-1.29%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2025 is -2.78% vs 17.47% in Dec 2024
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2025 is 2.35% vs 3.00% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
69,922.60
65,466.70
6.81%
Operating Profit (PBDIT) excl Other Income
12,157.50
11,700.60
3.90%
Interest
773.50
501.80
54.15%
Exceptional Items
31.90
-2.00
1,695.00%
Consolidate Net Profit
7,475.10
6,912.80
8.13%
Operating Profit Margin (Excl OI)
163.60%
169.90%
-0.63%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 6.81% vs 11.42% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 8.13% vs 11.87% in Dec 2023
About Rafhan Maize Products Co. Ltd. 
Rafhan Maize Products Co. Ltd.
FMCG
Rafhan Maize Products Company Limited manufactures and sells industrial products, such as industrial starches, liquid glucose, dextrose, dextrin and gluten meals using maize as the basic raw material. The Company provides integrated solutions for industrial applications, such as textile, paper, corrugation, chemicals, laundry and personal care. It offers portfolio of solutions, products and services to the textile industry, which includes Rafhan, Penetrose, Amisol, Tex-o-Film and Coratex. Its Animal Nutrition product lines include Prairie Gold and Rafhan maize gluten meals, Bualo Maize Bran, Rafhan Maize Germ Cake and Enzose Hydrol. Its food segment includes a range of products, such as Globe, Snowflake, Rafhan Liquid Glucose, Flow Sweet EE Liquid Glucose, Cerelose Dextrose Monohydrate, Rafhan Liquid Caramel and Golden Syrup. It focuses on corn refining in Pakistan, and the Company has three plants, of which two are located in Central Punjab and a plant located in Interior Sindh.
Company Coordinates 
Company Details
Rakh Canal, East Road, , FAISALABAD None : 38060
Registrar Details






