Lucky Cement Limited
LUCK · Cement · Group accounts
Business
Valuation
at the 30 Oct 2026 priceHigher means cheaper under the model. It says nothing about business quality.
▲Strengths
▼Watch closely
Analysis
Written by AI from the scores and reportsLucky Cement scores a Strong health verdict on the scorecard, with Fair valuation. The computed pillar scores are supportive—profitability 91.0, financial strength 84.8, cash quality 76.2, growth 75.6, momentum 73.6 and outlook 77.7—while shareholder returns are weaker at 49.3. Main positives from the drivers: 3-year real EPS growth of 12.9%, EPS growth in all last five years, and ROE above the T-bill rate at 11.0%. Management digests show cement-led strength: local volumes and market share gains, dividend income from subsidiaries, strong liquidity, and capacity/efficiency projects. Main negatives: payout ratio is only 8.2% and 3-year real revenue growth is -1.0%; digests also note consolidated margin compression, weak soda ash, pharmaceuticals and automobiles, and export pressure. Red flags: none. Macro context matters: policy rate raised to 12.0%, inflation 10.2%, and Middle East conflict/Strait of Hormuz disruptions are pressuring energy, raw material and freight costs.
Calculated 31 Oct 2026. Not investment advice; the figures above are the reference.
Latest report
period ended 30 Sept 2026Lucky Cement's Q1 FY27 unconsolidated net profit rose 17.2% to PKR 17.1bn (EPS PKR 11.69), driven by 13.0% higher local cement volumes and PKR 9.0bn of subsidiary and associate dividends. Consolidated net profit attributable to owners declined 1.7% to PKR 21.6bn (EPS PKR 14.76) as gross margin compressed to 25.8% on energy and raw material cost pressures. The Cement segment operating result rose 12.2% to PKR 11.8bn, while Soda Ash, Pharmaceuticals and Automobiles weakened. Power Generation held steady with the LEPCL plant at 98.9% availability. The balance sheet remains liquid, with PKR 113.4bn of unconsolidated short-term investments, while consolidated short-term borrowings rose to PKR 68.4bn. The Board approved expansion projects in Karachi (3.20 MTPA, December 2027 target) and renewable energy additions on 28 October 2026, with the DRC plant expanding by 1.6 MTPA.
All report summaries →Latest developments
View businessSECMC declared commercial operations date of Phase III expansion dedicated to LEPCL on October 1, 2026, ensuring Thar coal supply.
First-quarter report FY27Board approved on October 28, 2026 a 3.20 MTPA brownfield expansion at the Karachi plant, with commercial operations targeted for December 2027.
First-quarter report FY27Board approved on October 28, 2026 wind (22.5 MW), WHR (10 MW) at Karachi, and solar (15 MW) plus BESS (15 MW) at Pezu.
First-quarter report FY27
Financial years end in Jun (FY26 = Jul 2025 – Jun 2026). Amounts in Pakistani rupees: mn = million, bn = billion.