Skip to content
Smart Money

Automobile Assembler

ATLH Atlas Honda Limited

Latest results: FY2026 · Mar 2026 Q1 FY2027 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 1,570.83 -0.27%

Financials

Atlas Honda Limited (ATLH) financials

20 years of annual results (FY2007 – FY2026), 80 quarters.

Atlas Honda Limited (ATLH) reported revenue of Rs 273.9 bn for FY2026 (Apr 2025 – Mar 2026), up 34.3% from FY2025.

Profit attributable to shareholders was Rs 21.1 bn (EPS Rs 170.21), up 38.5%, a net margin of 7.7%.

It declared a dividend of Rs 102.00 per share for FY2026 and has paid a dividend in each of the last 17 years.

The balance sheet showed net cash of Rs 70.2 bn.

Return on equity was 51.0%.

Over the last five years revenue grew at a compound 24.1% a year.

At Rs 1,570.83 (close on 16 Oct 2026) the shares trade at 8.7× earnings (TTM to Jun 2026) and 4.28× book value, with a dividend yield of 6.5%.

Fundamentals

ATLH at a glance

Revenue · FY2026

Rs 273.9 bn

▲ 34.3% year on year

Profit attributable to shareholders · FY2026

Rs 21.1 bn

▲ 38.5% year on year

EPS – basic (Rs) · FY2026

Rs 170.21

▲ 38.5% year on year

Dividend per share (Rs) · FY2026

Rs 102.00

▲ 37.8% year on year

Net margin · FY2026

7.7%

+0.2 pts year on year

Debt to equity · FY2026

1.0%

-0.1 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2026
Rs 273.9 bn
Profit attributable · FY2026
Rs 21.1 bn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2026
Rs 105.5 bn
Equity · FY2026
Rs 46.5 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2026
Rs 21.6 bn
Free cash flow · FY2026
Rs 18.5 bn

Financial highlights

ATLH financial results

ATLH annual financial highlights (Rs bn)
Rs bn FY2026 Apr 2025 – Mar 2026 FY2025 Apr 2024 – Mar 2025 FY2024 Apr 2023 – Mar 2024 FY2023 Apr 2022 – Mar 2023 FY2022 Apr 2021 – Mar 2022 FY2021 Apr 2020 – Mar 2021 FY2020 Apr 2019 – Mar 2020 FY2019 Apr 2018 – Mar 2019 FY2018 Apr 2017 – Mar 2018 FY2017 Apr 2016 – Mar 2017
Revenue 273.9 203.9 159.3 135.5 131.9 93.2 84.8 82.4 77.5 64.5
Gross profit 36.2 22.2 12.2 9.7 9.9 6.9 6.1 6.6 8.3 6.8
Operating profit 37.4 20.7 7.3 5.3 5.9 3.9 3.2 3.6 5.6 4.4
Profit after tax 21.1 15.3 9.7 5.0 5.6 3.6 3.1 3.2 4.7 3.8
Profit attributable to shareholders 21.1 15.3 9.7 5.0 5.6 3.6 3.1 3.2 4.7 3.8
EPS – basic (Rs) Rs 170.21 122.91 78.24 40.33 45.01 28.97 24.81 25.86 37.58 30.24
Dividend per share (Rs) Rs 102.00 74.00 47.00 24.00 27.00 17.50 15.00 18.33 22.50 15.42
Total assets 105.5 87.3 75.9 70.0 47.4 43.0 31.1 32.0 31.8 25.6
Total equity 46.5 36.4 28.8 22.8 21.0 18.6 16.6 15.4 16.0 13.3
Total debt 0.5 0.4 0.3 0.2 0.4 0.6 0.2 — — —
Net cash from operating activities 21.6 17.9 10.7 23.8 7.0 14.9 2.8 0.5 7.9 6.7
Capital expenditure (3.1) (1.9) (1.9) (3.3) (1.8) (1.1) (2.2) (2.2) (2.4) (2.0)
Free cash flow (operating cash flow − capex) 18.5 16.0 8.9 20.5 5.2 13.8 0.6 (1.8) 5.4 4.6
ATLH quarterly financial highlights (Rs bn)
Rs bn TTM to Jun 2026 Q1 FY2027 Apr – Jun 2026 Q4 FY2026 Jan – Mar 2026 Q3 FY2026 Oct – Dec 2025 Q2 FY2026 Jul – Sep 2025 Q1 FY2026 Apr – Jun 2025 Q4 FY2025 Jan – Mar 2025 Q3 FY2025 Oct – Dec 2024 Q2 FY2025 Jul – Sep 2024
Revenue 293.2 81.5 75.4 73.2 63.1 62.3 57.0 53.9 45.5
Gross profit 37.8 9.4 11.0 9.4 8.0 7.8 8.2 5.8 3.7
Operating profit 36.4 9.6 9.7 9.2 7.8 7.8 7.3 6.4 5.0
Profit after tax 22.3 6.0 5.9 5.6 4.8 4.8 4.6 4.0 3.1
Profit attributable to shareholders 22.3 6.0 5.9 5.6 4.8 4.8 4.6 4.0 3.1
EPS – basic (Rs) Rs 179.95 48.48 47.28 45.42 38.77 38.74 37.07 32.48 25.33
Dividend per share (Rs) Rs 102.00 0.00 56.00 0.00 46.00 0.00 42.00 0.00 32.00
Total assets 105.6 105.6 105.5 91.2 96.7 86.5 87.3 76.4 74.5
Total equity 45.6 45.6 46.5 40.7 40.8 36.0 36.4 31.7 31.7
Total debt 0.5 0.5 0.5 0.4 0.5 0.4 0.4 0.3 0.3
Net cash from operating activities 15.6 (6.4) 16.1 (5.2) 11.1 (0.4) 11.8 5.5 8.5
Capital expenditure (3.7) (1.2) (1.3) (0.5) (0.6) (0.7) (0.7) (0.4) (0.3)
Free cash flow (operating cash flow − capex) 11.9 (7.7) 14.8 (5.7) 10.5 (1.0) 11.1 5.1 8.2

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.

ATLH charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 274 bn Revenue FY17: Rs 64.5 bn Profit attributable FY17: Rs 3.8 bn FY17 Revenue FY18: Rs 77.5 bn Profit attributable FY18: Rs 4.7 bn FY18 Revenue FY19: Rs 82.4 bn Profit attributable FY19: Rs 3.2 bn FY19 Revenue FY20: Rs 84.8 bn Profit attributable FY20: Rs 3.1 bn FY20 Revenue FY21: Rs 93.2 bn Profit attributable FY21: Rs 3.6 bn FY21 Revenue FY22: Rs 131.9 bn Profit attributable FY22: Rs 5.6 bn FY22 Revenue FY23: Rs 135.5 bn Profit attributable FY23: Rs 5.0 bn FY23 Revenue FY24: Rs 159.3 bn Profit attributable FY24: Rs 9.7 bn FY24 Revenue FY25: Rs 203.9 bn Profit attributable FY25: Rs 15.3 bn FY25 Revenue FY26: Rs 273.9 bn Profit attributable FY26: Rs 21.1 bn FY26
Margins Gross margin Operating margin Net margin
Margins 15% 7% 0% Gross margin FY17: 10.5% Gross margin FY18: 10.7% Gross margin FY19: 8.0% Gross margin FY20: 7.2% Gross margin FY21: 7.4% Gross margin FY22: 7.5% Gross margin FY23: 7.1% Gross margin FY24: 7.7% Gross margin FY25: 10.9% Gross margin FY26: 13.2% Operating margin FY17: 6.8% Operating margin FY18: 7.2% Operating margin FY19: 4.3% Operating margin FY20: 3.7% Operating margin FY21: 4.2% Operating margin FY22: 4.5% Operating margin FY23: 3.9% Operating margin FY24: 4.6% Operating margin FY25: 10.1% Operating margin FY26: 13.6% Net margin FY17: 5.8% Net margin FY18: 6.0% Net margin FY19: 3.9% Net margin FY20: 3.6% Net margin FY21: 3.9% Net margin FY22: 4.2% Net margin FY23: 3.7% Net margin FY24: 6.1% Net margin FY25: 7.5% Net margin FY26: 7.7% FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 24 bn -Rs 3 bn Operating cash flow FY17: Rs 6.7 bn Capex FY17: -Rs 2.0 bn Free cash flow FY17: Rs 4.6 bn FY17 Operating cash flow FY18: Rs 7.9 bn Capex FY18: -Rs 2.4 bn Free cash flow FY18: Rs 5.4 bn FY18 Operating cash flow FY19: Rs 465.1 mn Capex FY19: -Rs 2.2 bn Free cash flow FY19: -Rs 1.8 bn FY19 Operating cash flow FY20: Rs 2.8 bn Capex FY20: -Rs 2.2 bn Free cash flow FY20: Rs 560.3 mn FY20 Operating cash flow FY21: Rs 14.9 bn Capex FY21: -Rs 1.1 bn Free cash flow FY21: Rs 13.8 bn FY21 Operating cash flow FY22: Rs 7.0 bn Capex FY22: -Rs 1.8 bn Free cash flow FY22: Rs 5.2 bn FY22 Operating cash flow FY23: Rs 23.8 bn Capex FY23: -Rs 3.3 bn Free cash flow FY23: Rs 20.5 bn FY23 Operating cash flow FY24: Rs 10.7 bn Capex FY24: -Rs 1.9 bn Free cash flow FY24: Rs 8.9 bn FY24 Operating cash flow FY25: Rs 17.9 bn Capex FY25: -Rs 1.9 bn Free cash flow FY25: Rs 16.0 bn FY25 Operating cash flow FY26: Rs 21.6 bn Capex FY26: -Rs 3.1 bn Free cash flow FY26: Rs 18.5 bn FY26