Rafhan Maize Products Co. Ltd.

  • Market Cap: Large Cap
  • Industry: FMCG
  • ISIN: PK0032001015
PKR
9,691.00
-164.72 (-1.67%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

N/A

Shareholding

FII

N/A

DII

N/A

Promoter

N/A

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 31.06%

  • Company has very low debt and has enough cash to service the debt requirements
2

With ROE of 26.4, it has a attractive valuation with a 3.1 Price to Book Value

stock-summaryMojo Parameters

Mojo Parameters

Stock DNA

stock-summary
Industry

FMCG

stock-summary
Market cap

PKR 83,115 Million (Large Cap)

stock-summary
P/E

12.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

4.78%

stock-summary
Debt Equity

0.05

stock-summary
Return on Equity

24.05%

stock-summary
Price to Book

2.87

Revenue and Profits:
Net Sales:
18,913 Million
(Quarterly Results - Sep 2025)
Net Profit:
1,224 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
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 stock-summary
stock-summaryNews & Corporate Actions

News

Icon
No Recent News for the Company

Announcements stock-summary

Icon
No announcement available

Corporate Actions stock-summary

Icon
No corporate action available
stock-summaryKey Factors

Quality key factors stock-summary

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
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshotstock-summary
Icon
No data for shareholding present.
Shareholding Compare (%holding) stock-summary
Icon
No data for shareholding present.
stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 8.26% vs -8.34% in Jun 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is -35.97% vs -2.25% in Jun 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Jun'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "18,913.10",
          "val2": "17,470.00",
          "chgp": "8.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2,466.50",
          "val2": "3,335.70",
          "chgp": "-26.06%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "249.80",
          "val2": "122.90",
          "chgp": "103.25%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "4.40",
          "val2": "8.50",
          "chgp": "-48.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "1,223.70",
          "val2": "1,911.10",
          "chgp": "-35.97%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "121.00%",
          "val2": "180.10%",
          "chgp": "-5.91%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 6.81% vs 11.42% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 8.13% vs 11.87% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "69,922.60",
          "val2": "65,466.70",
          "chgp": "6.81%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "12,157.50",
          "val2": "11,700.60",
          "chgp": "3.90%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "773.50",
          "val2": "501.80",
          "chgp": "54.15%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "31.90",
          "val2": "-2.00",
          "chgp": "1,695.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "7,475.10",
          "val2": "6,912.80",
          "chgp": "8.13%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "163.60%",
          "val2": "169.90%",
          "chgp": "-0.63%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQstock-summary

Sep'25
Jun'25
Change(%)
Net Sales
18,913.10
17,470.00
8.26%
Operating Profit (PBDIT) excl Other Income
2,466.50
3,335.70
-26.06%
Interest
249.80
122.90
103.25%
Exceptional Items
4.40
8.50
-48.24%
Consolidate Net Profit
1,223.70
1,911.10
-35.97%
Operating Profit Margin (Excl OI)
121.00%
180.10%
-5.91%
USD in Million.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is 8.26% vs -8.34% in Jun 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is -35.97% vs -2.25% in Jun 2025

Annual Results Snapshot (Consolidated) - Dec'24stock-summary

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.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 6.81% vs 11.42% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 8.13% vs 11.87% in Dec 2023

stock-summaryCompany CV
About Rafhan Maize Products Co. Ltd. stock-summary
stock-summary
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 stock-summary
Company Details
Rakh Canal, East Road, , FAISALABAD None : 38060
stock-summary
Tel: 92 41 8540121
stock-summary
Registrar Details