KCL Karam Ceramics Limited
Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026
Last close · 16 Oct 2026
Rs 160.72 +7.04%
Financials
Karam Ceramics Limited (KCL) financials
10 years of annual results (FY2016 – FY2025), 31 quarters.
Karam Ceramics Limited (KCL) reported revenue of Rs 584.2 mn for FY2025 (Jul 2024 – Jun 2025), down 56.7% from FY2024.
It made a loss of Rs 728.2 mn attributable to shareholders (EPS Rs -50.05), a net margin of -124.7%.
No cash dividend was declared for FY2025.
Net debt stood at Rs 93.0 mn.
Return on equity was -66.1%.
Over the last five years revenue grew at a compound -8.8% a year.
At Rs 160.72 (close on 16 Oct 2026) the shares trade at 2.72× book value.
Fundamentals
KCL at a glance
Revenue · FY2025
Rs 584.2 mn
▼ 56.7% year on year
Profit attributable to shareholders · FY2025
-Rs 728.2 mn
EPS – basic (Rs) · FY2025
Rs -50.05
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
-124.7%
-92.6 pts year on year
Debt to equity · FY2025
12.9%
+4.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 584.2 mn
- Profit attributable · FY2025
- -Rs 728.2 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 1.5 bn
- Equity · FY2025
- Rs 905.2 mn
Financial highlights
KCL financial results
| Rs mn | 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 | FY2016 Jul 2015 – Jun 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 584.2 | 1,348.5 | 977.1 | 818.1 | 1,126.6 | 927.0 | 1,439.3 | 1,210.4 | 860.7 | 1,196.0 |
| Gross profit | (531.9) | (418.8) | (361.6) | (198.0) | 35.7 | (66.7) | 187.5 | 136.4 | 22.1 | 58.7 |
| Operating profit | (611.6) | (475.5) | (425.2) | (238.6) | 0.5 | (104.0) | 108.3 | 69.3 | (27.2) | 11.0 |
| Profit after tax | (728.2) | (432.1) | (475.0) | (251.8) | 41.6 | (43.8) | 28.9 | 14.3 | (74.8) | (22.4) |
| Profit attributable to shareholders | (728.2) | (432.1) | (475.0) | (251.8) | 41.6 | (43.8) | 28.9 | 14.3 | (74.8) | (22.4) |
| EPS – basic (Rs) Rs | (50.05) | (29.70) | (32.65) | (17.30) | 2.86 | (3.01) | 1.98 | 0.98 | (5.14) | (1.54) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 1,493.0 | 2,120.9 | 1,870.7 | 1,778.4 | 1,982.6 | 1,706.5 | 1,597.0 | 1,241.6 | 1,409.8 | 1,548.6 |
| Total equity | 905.2 | 1,299.5 | 1,520.7 | 542.9 | 800.4 | 579.6 | 625.5 | 303.2 | 288.2 | 364.7 |
| Total debt | 116.5 | 111.5 | 90.0 | 966.2 | 859.2 | 750.8 | 506.9 | 566.4 | 781.4 | 853.4 |
| Net cash from operating activities | (201.4) | (88.4) | (452.5) | (198.8) | (142.1) | (275.4) | 122.0 | 231.3 | 73.3 | (105.5) |
| Capital expenditure | (5.7) | (0.3) | (29.7) | — | (0.1) | (28.2) | (41.6) | (8.7) | (23.8) | (76.6) |
| Free cash flow (operating cash flow − capex) | (207.1) | (88.7) | (482.3) | — | (142.2) | (303.6) | 80.4 | 222.6 | 49.5 | (182.1) |
| Rs mn | TTM to Mar 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 | Q4 FY2024 Apr – Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 587.9 | 155.3 | 184.3 | 160.7 | 87.6 | 295.8 | 29.5 | 171.2 | 258.5 |
| Gross profit | (117.2) | (22.4) | 10.1 | (12.1) | (92.8) | (203.4) | (141.8) | (93.6) | (15.3) |
| Operating profit | (207.2) | (34.4) | (6.2) | (24.4) | (142.2) | (215.6) | (152.6) | (100.9) | (24.2) |
| Profit after tax | (323.9) | (27.9) | (9.0) | (26.5) | (260.5) | (217.5) | (151.0) | (99.0) | 21.6 |
| Profit attributable to shareholders | (323.9) | (27.9) | (9.0) | (26.5) | (260.5) | (217.5) | (151.0) | (99.0) | 21.6 |
| EPS – basic (Rs) Rs | (22.27) | (1.92) | (0.62) | (1.82) | (17.91) | (14.95) | (10.38) | (6.80) | 1.49 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 1,500.3 | 1,500.3 | 1,524.7 | 1,508.1 | 1,493.0 | 1,490.4 | 1,931.4 | 1,997.0 | 2,120.9 |
| Total equity | 860.7 | 860.7 | 899.1 | 905.8 | 905.2 | 912.3 | 1,082.8 | 1,223.5 | 1,299.5 |
| Total debt | 116.5 | 116.5 | 116.5 | 124.0 | 116.5 | 116.5 | 116.5 | 116.5 | 111.5 |
| Net cash from operating activities | (160.0) | 5.9 | (23.6) | (13.7) | (128.6) | (43.6) | (12.3) | (17.0) | (155.6) |
| Capital expenditure | — | — | (2.0) | 0.0 | (0.3) | (0.0) | (5.2) | (0.2) | — |
| Free cash flow (operating cash flow − capex) | — | — | (25.6) | (13.7) | (128.9) | (43.6) | (17.5) | (17.2) | — |
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.