Last close · 16 Oct 2026
Rs 223.50 -0.65%
Financials
Baluchistan Wheels Limited (BWHL) financials
20 years of annual results (FY2007 – FY2026), 72 quarters.
Baluchistan Wheels Limited (BWHL) reported revenue of Rs 2.9 bn for FY2026 (Jul 2025 – Jun 2026), up 26.5% from FY2025.
Profit attributable to shareholders was Rs 312.6 mn (EPS Rs 23.44), down 0.9%, a net margin of 10.7%.
It declared a dividend of Rs 20.00 per share for FY2026 and has paid a dividend in each of the last 20 years.
The balance sheet showed net cash of Rs 581.1 mn.
Return on equity was 13.3%.
Over the last five years revenue grew at a compound 13.1% a year.
At Rs 223.50 (close on 16 Oct 2026) the shares trade at 9.5× earnings (FY2026) and 1.24× book value, with a dividend yield of 8.9%.
Fundamentals
BWHL at a glance
Revenue · FY2026
Rs 2.9 bn
▲ 26.5% year on year
Profit attributable to shareholders · FY2026
Rs 312.6 mn
▼ 0.9% year on year
EPS – basic (Rs) · FY2026
Rs 23.44
▼ 0.9% year on year
Dividend per share (Rs) · FY2026
Rs 20.00
▲ 53.8% year on year
Net margin · FY2026
10.7%
-3.0 pts year on year
Debt to equity · FY2026
0.5%
+0.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 2.9 bn
- Profit attributable · FY2026
- Rs 312.6 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 2.9 bn
- Equity · FY2026
- Rs 2.4 bn
Financial highlights
BWHL financial results
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 * Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,916.4 | 2,305.2 | 2,174.5 | 1,675.9 | 2,778.2 | 1,574.8 | 912.8 | 1,587.6 | 1,882.6 | 1,533.7 |
| Gross profit | 830.8 | 567.1 | 468.5 | 325.9 | 611.7 | 243.1 | 117.4 | 245.8 | 270.0 | 298.9 |
| Operating profit | 541.3 | 459.0 | 215.9 | 207.3 | 427.8 | 145.8 | 26.0 | 107.5 | 111.6 | 175.0 |
| Profit after tax | 312.6 | 315.6 | 240.7 | 136.4 | 208.2 | 100.7 | 18.9 | 71.5 | 87.8 | 126.3 |
| Profit attributable to shareholders | 312.6 | 315.6 | 240.7 | 136.4 | 208.2 | 100.7 | 18.9 | 71.5 | 87.8 | 126.3 |
| EPS – basic (Rs) Rs | 23.44 | 23.67 | 18.05 | 10.23 | 15.62 | 7.55 | 1.42 | 5.36 | 6.58 | 9.48 |
| Dividend per share (Rs) Rs | 20.00 | 13.00 | 13.00 | 8.00 | 10.00 | 4.50 | 1.50 | 2.00 | 3.00 | 4.00 |
| Total assets | 2,879.5 | 2,663.2 | 2,519.0 | 2,357.6 | 2,447.8 | 2,275.8 | 1,508.7 | 1,473.6 | 1,462.8 | 1,459.7 |
| Total equity | 2,398.3 | 2,312.4 | 2,116.9 | 2,056.0 | 2,041.8 | 1,920.9 | 1,294.7 | 1,288.0 | 1,269.0 | 1,241.1 |
| Total debt | 11.5 | 5.3 | 13.9 | 34.0 | 35.1 | 67.6 | 51.2 | 4.7 | 10.6 | 7.9 |
| Net cash from operating activities | 264.6 | 150.6 | 406.4 | 93.6 | 217.3 | 183.0 | 241.5 | 166.3 | (22.8) | 45.0 |
| Capital expenditure | (195.5) | (44.0) | (13.1) | (5.6) | (25.3) | (9.8) | (4.0) | (8.0) | (174.6) | (102.3) |
| Free cash flow (operating cash flow − capex) | 69.1 | 106.7 | 393.4 | 88.0 | 191.9 | 173.2 | 237.5 | 158.3 | (197.4) | (57.3) |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,916.4 | 762.2 | 754.3 | 675.1 | 724.8 | 513.8 | 653.2 | 635.2 | 503.0 |
| Gross profit | 830.8 | 266.7 | 173.3 | 221.3 | 169.4 | 187.4 | 133.7 | 132.4 | 113.6 |
| Operating profit | 582.4 | 178.6 | 97.6 | 157.6 | 148.6 | 157.2 | 84.9 | 100.0 | 95.7 |
| Profit after tax | 312.6 | 31.5 | 75.7 | 108.2 | 97.2 | 110.3 | 90.3 | 51.6 | 81.0 |
| Profit attributable to shareholders | 312.6 | 31.5 | 75.7 | 108.2 | 97.2 | 110.3 | 90.3 | 51.6 | 81.0 |
| EPS – basic (Rs) Rs | 23.44 | 2.36 | 5.68 | 8.11 | 7.29 | 8.28 | 6.77 | 3.87 | 6.08 |
| Dividend per share (Rs) Rs | 20.00 | 10.00 | 0.00 | 10.00 | 0.00 | 7.00 | 0.00 | 6.00 | 0.00 |
| Total assets | 2,879.5 | 2,879.5 | 2,730.9 | 2,709.0 | 2,802.6 | 2,663.2 | 2,598.0 | 2,627.2 | 2,465.2 |
| Total equity | 2,398.3 | 2,398.3 | 2,366.8 | 2,424.5 | 2,409.6 | 2,312.4 | 2,202.1 | 2,191.8 | 2,157.9 |
| Total debt | 11.5 | 11.5 | 9.9 | 13.6 | 15.8 | 5.3 | 7.7 | 10.1 | 12.3 |
| Net cash from operating activities | 265.6 | 147.8 | (37.6) | 39.9 | 115.4 | 152.9 | (19.1) | 40.6 | (23.8) |
| Capital expenditure | (195.5) | (77.5) | (73.4) | (9.6) | (35.0) | (32.2) | (11.4) | (0.2) | (0.3) |
| Free cash flow (operating cash flow − capex) | 70.1 | 70.4 | (111.0) | 30.3 | 80.4 | 120.7 | (30.4) | 40.4 | (24.0) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.