Dashboard
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 6.28
2
Poor long term growth as Operating profit has grown by an annual rate -173.55% of over the last 5 years
3
Flat results in Mar 25
4
With ROE of 16.8, it has a expensive valuation with a 0.6 Price to Book Value
Stock DNA
Auto Components & Equipments
PKR 43,762 Million (Large Cap)
6.00
NA
1.85%
-0.19
14.50%
0.81
Revenue and Profits:
Net Sales:
8,536 Million
(Quarterly Results - Mar 2025)
Net Profit:
1,904 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-3.54%
0%
-3.54%
6 Months
-14.37%
0%
-14.37%
1 Year
-13.51%
0%
-13.51%
2 Years
120.88%
0%
120.88%
3 Years
34.67%
0%
34.67%
4 Years
-10.49%
0%
-10.49%
5 Years
11.51%
0%
11.51%
Thal 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)
14.86%
EBIT Growth (5y)
-25.16%
EBIT to Interest (avg)
6.28
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.25
Sales to Capital Employed (avg)
0.61
Tax Ratio
84.54%
Dividend Payout Ratio
11.17%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
5.93%
ROE (avg)
16.83%
Valuation key factors
Factor
Value
P/E Ratio
6
Industry P/E
Price to Book Value
0.89
EV to EBIT
-236.44
EV to EBITDA
26.48
EV to Capital Employed
0.86
EV to Sales
1.06
PEG Ratio
NA
Dividend Yield
1.75%
ROCE (Latest)
-0.36%
ROE (Latest)
15.51%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bullish
Bearish
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bullish
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
8,536.00
8,377.40
1.89%
Operating Profit (PBDIT) excl Other Income
575.20
554.20
3.79%
Interest
174.00
222.40
-21.76%
Exceptional Items
0.00
0.00
Consolidate Net Profit
1,904.10
1,991.40
-4.38%
Operating Profit Margin (Excl OI)
14.50%
12.60%
0.19%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2025 is 1.89% vs 28.88% in Dec 2024
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2025 is -4.38% vs -14.75% in Dec 2024
Annual Results Snapshot (Consolidated) - Jun'24
Jun'24
Jun'23
Change(%)
Net Sales
29,405.90
33,128.30
-11.24%
Operating Profit (PBDIT) excl Other Income
1,006.70
2,588.40
-61.11%
Interest
935.80
538.60
73.75%
Exceptional Items
154.90
535.30
-71.06%
Consolidate Net Profit
9,378.60
3,607.90
159.95%
Operating Profit Margin (Excl OI)
-8.90%
49.50%
-5.84%
USD in Million.
Net Sales
YoY Growth in year ended Jun 2024 is -11.24% vs -16.80% in Jun 2023
Consolidated Net Profit
YoY Growth in year ended Jun 2024 is 159.95% vs -42.99% in Jun 2023
About Thal Ltd. 
Thal Ltd.
Auto Components & Equipments
Thal Limited is engaged in the manufacture of jute goods, engineering goods, papersack and laminate sheets. The Company operates in three segments: Engineering; Building Materials and Allied Products, and Real estate management & others. The Engineering segment is engaged in the manufacturing of automotive parts. The Building material and allied products segment includes jute, papersack and laminate operations. The Real estate management & others segment includes the real estate management, trading and share registrar and management services. It is a supplier of wire harness products to various automobile original equipment manufacturers (OEMs) in Pakistan. It is engaged in the manufacturing of A. Twill Sacks, B. Twill Sacks, Coffee Sacks, Sugar Sacks, Heavy Cees, Light Cees, Hessian Cloth and Hessian Bags (ordinary/natural white). Its jute operations are located at Muzaffargarh, engineering operations at Karachi, papersack operations at Hub, and Gadoon and laminate operations at Hub.
Company Coordinates 
Company Details
4th Floor, House of Habib, Shahrah-e-Faisal KARACHI None : 75350
Registrar Details






