HCAR Honda Atlas Cars (Pakistan) Limited
Latest results: FY2026 · Mar 2026 Q1 FY2027 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 201.80 +0.62%
Financials
Honda Atlas Cars (Pakistan) Limited (HCAR) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Honda Atlas Cars (Pakistan) Limited (HCAR) reported revenue of Rs 122.3 bn for FY2026 (Apr 2025 – Mar 2026), up 56.6% from FY2025.
Profit attributable to shareholders was Rs 3.2 bn (EPS Rs 22.64), up 19.4%, a net margin of 2.6%.
It declared a dividend of Rs 9.00 per share for FY2026 and has paid a dividend in each of the last 3 years.
Net debt stood at Rs 6.5 bn.
Return on equity was 13.2%.
Over the last five years revenue grew at a compound 12.7% a year.
At Rs 201.80 (close on 16 Oct 2026) the shares trade at 5.9× earnings (TTM to Jun 2026) and 1.08× book value, with a dividend yield of 4.5%.
Fundamentals
HCAR at a glance
Revenue · FY2026
Rs 122.3 bn
▲ 56.6% year on year
Profit attributable to shareholders · FY2026
Rs 3.2 bn
▲ 19.4% year on year
EPS – basic (Rs) · FY2026
Rs 22.64
▲ 19.4% year on year
Dividend per share (Rs) · FY2026
Rs 9.00
▲ 12.5% year on year
Net margin · FY2026
2.6%
-0.8 pts year on year
Debt to equity · FY2026
28.4%
+6.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 122.3 bn
- Profit attributable · FY2026
- Rs 3.2 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 59.1 bn
- Equity · FY2026
- Rs 25.4 bn
Financial highlights
HCAR financial results
| 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 | 122.3 | 78.1 | 55.1 | 95.1 | 108.0 | 67.4 | 55.0 | 95.1 | 91.5 | 62.8 |
| Gross profit | 9.5 | 6.6 | 4.5 | 7.1 | 5.5 | 3.8 | 4.1 | 7.3 | 10.4 | 9.1 |
| Operating profit | 6.9 | 4.1 | 2.4 | 4.7 | 3.3 | 2.6 | 3.0 | 5.5 | 11.4 | 9.1 |
| Profit after tax | 3.2 | 2.7 | 2.3 | 0.3 | 2.5 | 1.8 | 0.7 | 3.9 | 6.5 | 6.1 |
| Profit attributable to shareholders | 3.2 | 2.7 | 2.3 | 0.3 | 2.5 | 1.8 | 0.7 | 3.9 | 6.5 | 6.1 |
| EPS – basic (Rs) Rs | 22.64 | 18.97 | 16.34 | 1.82 | 17.58 | 12.56 | 4.77 | 26.97 | 45.48 | 42.96 |
| Dividend per share (Rs) Rs | 9.00 | 8.00 | 6.50 | 0.00 | 7.00 | 4.52 | 1.00 | 12.15 | 26.93 | 13.00 |
| Total assets | 59.1 | 49.1 | 49.8 | 62.7 | 70.3 | 45.2 | 31.8 | 32.1 | 58.8 | 51.5 |
| Total equity | 25.4 | 23.4 | 21.7 | 19.3 | 20.0 | 18.2 | 16.6 | 17.6 | 17.1 | 13.1 |
| Total debt | 7.2 | 5.2 | 9.4 | 18.3 | 7.7 | 2.3 | 2.3 | 0.0 | — | — |
| Net cash from operating activities | (1.8) | 12.0 | (18.8) | (3.2) | 7.8 | 12.6 | (0.4) | (21.3) | 4.5 | 25.8 |
| Capital expenditure | (1.4) | (0.6) | (0.3) | (1.7) | (3.8) | (3.9) | (0.7) | (1.0) | (1.3) | (1.7) |
| Free cash flow (operating cash flow − capex) | (3.2) | 11.4 | (19.1) | (4.8) | 4.0 | 8.7 | (1.1) | (22.3) | 3.3 | 24.1 |
| 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 | 133.0 | 37.2 | 37.3 | 33.1 | 25.4 | 26.5 | 27.7 | 17.8 | 16.6 |
| Gross profit | 10.1 | 2.9 | 2.8 | 2.5 | 1.9 | 2.3 | 2.8 | 1.6 | 1.2 |
| Operating profit | 9.1 | 3.7 | 2.2 | 1.8 | 1.4 | 1.7 | 1.8 | 1.2 | 0.6 |
| Profit after tax | 4.9 | 2.5 | 1.0 | 0.7 | 0.7 | 0.8 | 1.7 | 0.6 | 0.3 |
| Profit attributable to shareholders | 4.9 | 2.5 | 1.0 | 0.7 | 0.7 | 0.8 | 1.7 | 0.6 | 0.3 |
| EPS – basic (Rs) Rs | 34.25 | 17.41 | 7.05 | 4.59 | 5.20 | 5.80 | 11.78 | 3.97 | 1.80 |
| Dividend per share (Rs) Rs | 9.00 | 0.00 | 9.00 | 0.00 | 0.00 | 0.00 | 8.00 | 0.00 | 0.00 |
| Total assets | 54.3 | 54.3 | 59.1 | 71.5 | 63.7 | 54.1 | 49.1 | 44.5 | 45.1 |
| Total equity | 26.6 | 26.6 | 25.4 | 24.5 | 23.9 | 23.1 | 23.4 | 21.8 | 21.2 |
| Total debt | 2.2 | 2.2 | 7.2 | 15.7 | 2.4 | 2.5 | 5.2 | 3.1 | 6.1 |
| Net cash from operating activities | (0.5) | 1.7 | 14.7 | (14.7) | (2.2) | 0.4 | 5.9 | 2.6 | (1.4) |
| Capital expenditure | (1.1) | (0.1) | (0.4) | (0.1) | (0.5) | (0.4) | (0.0) | (0.2) | (0.3) |
| Free cash flow (operating cash flow − capex) | (1.5) | 1.6 | 14.3 | (14.8) | (2.7) | (0.1) | 5.8 | 2.4 | (1.7) |
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.