Dashboard
1
High Debt Company with a Debt to Equity ratio (avg) at 0 times
- Poor long term growth as Net Sales has grown by an annual rate of 22.34% over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at 0 times
- The company has been able to generate a Return on Capital Employed (avg) of 15.75% signifying low profitability per unit of total capital (equity and debt)
2
Poor long term growth as Net Sales has grown by an annual rate of 22.34% over the last 5 years
3
The company has declared Negative results for the last 5 consecutive quarters
4
Risky -
Stock DNA
Other Agricultural Products
PKR 11,610 Million (Small Cap)
5.00
NA
0.32%
0.51
15.51%
1.06
Revenue and Profits:
Net Sales:
12,809 Million
(Quarterly Results - Jun 2025)
Net Profit:
1,152 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-8.25%
0%
-8.25%
6 Months
9.23%
0%
9.23%
1 Year
22.88%
0%
22.88%
2 Years
4.26%
0%
4.26%
3 Years
37.62%
0%
37.62%
4 Years
48.78%
0%
48.78%
5 Years
65.41%
0%
65.41%
Thal Industries Corp. 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)
27.37%
EBIT Growth (5y)
13.07%
EBIT to Interest (avg)
3.21
Debt to EBITDA (avg)
4.01
Net Debt to Equity (avg)
1.76
Sales to Capital Employed (avg)
1.64
Tax Ratio
77.57%
Dividend Payout Ratio
3.31%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
15.75%
ROE (avg)
22.86%
Valuation key factors
Factor
Value
P/E Ratio
5
Industry P/E
Price to Book Value
0.83
EV to EBIT
4.93
EV to EBITDA
4.07
EV to Capital Employed
0.89
EV to Sales
0.32
PEG Ratio
0.09
Dividend Yield
0.41%
ROCE (Latest)
18.06%
ROE (Latest)
15.51%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Bearish
OBV
Mildly Bullish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY
Jun'25
Jun'24
Change(%)
Net Sales
12,809.40
8,627.00
48.48%
Operating Profit (PBDIT) excl Other Income
1,750.80
394.20
344.14%
Interest
432.00
1,074.70
-59.80%
Exceptional Items
0.00
0.00
Consolidate Net Profit
1,152.50
-688.40
267.42%
Operating Profit Margin (Excl OI)
124.20%
27.40%
9.68%
USD in Million.
Net Sales
YoY Growth in quarter ended Jun 2025 is 48.48% vs 25.35% in Jun 2024
Consolidated Net Profit
YoY Growth in quarter ended Jun 2025 is 267.42% vs -662.35% in Jun 2024
Annual Results Snapshot (Consolidated) - Sep'24
Sep'24
Sep'23
Change(%)
Net Sales
28,611.30
30,317.30
-5.63%
Operating Profit (PBDIT) excl Other Income
3,369.00
4,434.40
-24.03%
Interest
2,874.80
1,353.30
112.43%
Exceptional Items
27.40
0.00
Consolidate Net Profit
1,136.00
1,966.10
-42.22%
Operating Profit Margin (Excl OI)
96.00%
129.00%
-3.30%
USD in Million.
Net Sales
YoY Growth in year ended Sep 2024 is -5.63% vs 53.11% in Sep 2023
Consolidated Net Profit
YoY Growth in year ended Sep 2024 is -42.22% vs 10.34% in Sep 2023
About Thal Industries Corp. Ltd. 
Thal Industries Corp. Ltd.
Other Agricultural Products
The Thal Industries Corporation Limited is a Pakistan-based company, which is engaged in the production and sale of refined sugar and its by-products. The Company produces various grades of sugar and is involved in the co-generation to export surplus electricity to the national grid. The Company's products include Ultra White Refined Sugar, White Refined Sugar, White Refined Sugar (Fine Grain), Molasses and Bio Fertilizer. The Company's businesses include sugar production, power generation and export, research and development, and biological pest control lab. The sugar production is equipped with automated milling tandems and the Mill Max technology (cane crushing technology), which is built on French design. The Company has approximately two sugar manufacturing units, which include Layyah Sugar Mills, Layyah with a crushing capacity of 12,000 tons of cane per day (TCD) and Safina Sugar Mills, Lalian, Chiniot with a crushing capacity of 7,500 TCD.
Company Coordinates 
Company Details
2 D 1, Gulberg III, , LAHORE None : 54000
Registrar Details






