Fatima Fertilizer Company Limited
FATIMA · Fertilizer · Group accounts
Business
Valuation
at the 30 Oct 2026 priceHigher means cheaper under the model. It says nothing about business quality.
▲Strengths
▼Watch closely
- No measure scores weakly.
Analysis
Written by AI from the scores and reportsFatima Fertilizer’s scorecard health verdict is Strong, while the valuation verdict is Expensive. The strongest pillars are shareholder returns (92.8), growth (87.5), financial strength (84.9), profitability (84.6), and cash quality (84.1). Supporting drivers are 3-year real EPS growth of 19.7%, ROE of 13.5% above the T-bill rate, and interest cover of 11.04. There are no negative drivers and no red flags. The weaker score is momentum (53.3), and outlook is 73.9. Valuation looks stretched: P/E TTM is 6.55 versus a 5-year median of 4.88, and dividend yield is 1.86%, which is 9.14 percentage points below the T-bill rate. The digests mention lower markup rates, which helped reduce finance costs in Q1 2026. They also cite macro/operational risks: gas supply suspensions and plant shutdowns, Middle East tensions, Strait of Hormuz disruption, global fertilizer price volatility, and pending tax contingencies.
Calculated 1 Nov 2026. Not investment advice; the figures above are the reference.
Latest report
period ended 30 Sept 2026Fatima Fertilizer delivered record nine-month consolidated revenue of Rs 194.5 billion (up 8.8%) and profit after tax of Rs 29.96 billion, supported by a Nitrogen-skewed sales mix and contained cost-of-sales growth. Volumes rose 2.2% to 1,868k MT with a 29.7% market share, although production fell 8.5% after an 88-day Sheikhupura plant shutdown. Profit was held back by a higher effective tax rate (38.7%) and lower other income from reduced fair-value gains on listed investments. Standalone earnings declined sharply, reflecting the Multan Plant carve-out to Pakarab Fertilizers. The balance sheet shows rising long-term investments and inventories alongside lower short-term investments, with significant related-party advances. Several tax demands remain under appeal, while management expects stronger offtake in the final quarter.
All report summaries →Latest developments
View businessScheme of Compromises, Arrangements and Reconstruction approved by Lahore High Court in November 2025, carving out Multan Plant to wholly owned subsidiary Pakarab Fertilizers Limited effective January 1, 2025
Nine-month report 2026Sheikhupura plant 88-day shutdown following suspension of gas supplies amid regional conflict
Nine-month report 2026Company awarded First Position in Human Rights category at UN Global Compact Network Pakistan Sustainability Awards 2026
Nine-month report 2026
Financial years follow the calendar (2026 = Jan 2026 – Dec 2026). Amounts in Pakistani rupees: mn = million, bn = billion.