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Ittehad Chemicals Limted ICL

Market open

Rs 139.50

+0.29 (+0.21%)

Vol7,732Updated12:2819 Aug 2026

01At a Glance

The headline take on ICL — valuation, income, returns, and efficiency

Consolidated snapshot

Ittehad Chemicals Limted (ICL) is a Chemical company listed on the Pakistan Stock Exchange. As of 19 Aug 2026, ICL last traded at Rs 139.50 (+0.21% on the day) with a market cap of Rs 13.92B and a free float of 45.0%. Over the last 12 months the stock has returned +51.5%. Cash dividends declared over the trailing 12 months total Rs 3.00/share (yield 2.2%). The stock trades at a P/E of 10.7x.

Prices through 19 Aug 2026 · FY data through FY25 · Quarterly through Mar-26

10.7x
Rs 12.98
1Y Return
+51.5%
Rs 13.92B

02Price & Performance

Closing prices across timeframes, returns, and range context

ICL — Price History

Daily closing series · toggle period below

1M Return+0.2%
3M Return-3.3%
6M Return-10.9%
1Y Return+51.5%
Day's Range62% of range
Rs 139.50
LowRs 138.70
HighRs 140.00
52-Week Range60% of range
Rs 139.50
LowRs 85.10
HighRs 176.00

03Key Metrics

Valuation, profitability, structure, and risk in one grid

10.7xTrailing annual EPS
Rs 12.98Latest annual · basic
1.36xBook Rs 102.34
2.16%Rs 3.00/sh trailing 12m
0.86Lower than market
Rs 13.92BMid cap
45.0%45M shares
53.42High leverage
13.3%Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

ICL has paid Rs 3.00 per share in cash dividends over the trailing 12 months — a 2.2% yield at the last close. Its most recent payout was Rs 1.00/share, announced 17 Feb 2026 with book closure from 03 Mar 2026. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 1.00
Trailing Yield
2.16%
Payout Ratio
Announced
17 Feb 2026

Dividend Per Share Trend

2021
Rs 1.69
2022
Rs 1.00
2023
Rs 4.25
2024
Rs 3.50
2025
Rs 4.00

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
17 Feb 202631 Dec 2025 (HYR)CashRs 1.00(10%)03 Mar 2026 – 05 Mar 2026
19 Sept 202530 Jun 2025 (YR)CashRs 2.00(20%)21 Oct 2025 – 28 Oct 2025
14 Feb 202531 Dec 2024 (HYR)CashRs 2.00(20%)01 Mar 2025 – 03 Mar 2025

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

ICL's market capitalisation stands at Rs 13.92B as of 18 Aug 2026 up 50.8% over the past 12 months (from Rs 9.23B).

Financial Statements

How ICL's income and balance sheet have evolved

PKR MillionsMar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Jun-24Trend
Net Sales / Revenue8,2677,9927,8667,5187,1976,5506,5936,451
Cost of Sales7,2106,6256,6676,2635,9435,2595,4015,226
Gross Profit1,0571,3661,1991,2551,2541,2911,1921,225
Administrative Expenses121102104111118989289
Operating Profit555856734779696794677714
EBITDA7411,039906979893983859913
Other Income6353392293416182
Financial Charges119165142166115198155203
Profit Before Tax464690573612527586499600
Taxation183263226242213234237191
Profit After Tax281427348370314352262409
EPS - Basic (Rs)Rs 2.81Rs 4.27Rs 3.48Rs 3.71Rs 3.13Rs 3.52Rs 2.62Rs 4.08

Showing 8 of 8 quarters · scroll horizontally to see more periods.

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · Mar-26

RatioValue
Net profit margin3.4%
Gross profit margin12.8%
EBITDA margin9.0%
EBIT margin6.7%

Net profit margin

Net profit ÷ revenue · %

0.0%1.6%3.2%4.8%6.3%6.3%Jun-24Sep-24Dec-24Mar-25Jun-25Sep-255.3%Dec-253.4%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio1.35
Quick ratio0.58
Cash ratio0.14
Asset turnover0.38x
Effective tax rate39.4%

Current ratio

Current assets ÷ current liabilities

0.000.340.681.011.351.18Jun-24Sep-24Dec-24Mar-25Jun-25Sep-251.17Dec-251.35Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 13.92B

Rs 16.76BRs 11.80BRs 6.85BRs 1.89BAug 25Oct 25Dec 25Feb 26Apr 26Jun 26Rs 13.92B

Valuation & Capital Returns

What the market is paying for ICL, and what it returns to shareholders

Latest · Mar-26

RatioValue
Price to earnings42.10x
Price to book1.08x
EV / EBITDA20.08x
Price to sales1.43x

Price to earnings

Period-end price ÷ EPS · times

0.00x10.52x21.05x31.57x42.10x11.55xJun-24Sep-24Dec-24Mar-25Jun-25Sep-2537.10xDec-2542.10xMar-26Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 137.29) is below the 30-day SMA (Rs 139.76). RSI at 50 sits in the neutral band.

As of18 Aug 2026

PeriodValuevs CurrentPosition
SMA 10Rs 137.29-1.58%Above
SMA 30Rs 139.76+0.19%Below
SMA 60Rs 142.47+2.13%Below
SMA 200Rs 145.04+3.97%Below
50Neutral
0 · Oversold305070100 · Overbought

At 50, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bullish Cross
  • MACD-1.24
  • Signal-1.87
  • Histogram+0.63
R2Resistance 2
Rs 154.30
10.6%
R1Resistance 1
Rs 146.75
5.2%
NOWCurrent
Rs 139.50
S1Support 1
Rs 131.91
-5.4%
S2Support 2
Rs 124.62
-10.7%

07Leverage Insights

MTS, margin financing, futures open interest, and combined exposure

Not MTS-eligible
Rs 929.63K
-35.37% MoMMargin financing
Rs 929.63K
-35.37% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

No blank sales

No net blank (short) sales reported for ICL on the latest PSX DFC report.

08Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %78.04%Most recent print
Average · 3M85.12%Mean over window
Change · 3M-21.50%First → last
Range · 3M48.1–99.8%Low–high

Settlement % Trajectory

Solid = UIN settlement % · Dashed = 14-session EMA

As of 18 Aug 2026

Price vs Settlement

Close price (left axis) · UIN settlement % (right axis)

09Share Structure & Capital

Float composition, capital base, and enterprise value

Free float · 45.0%Non-float · 55.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 1000.00M
Total Shares100M
45M
45.0%
Year EndJun
Enterprise Value

10About the Company

Business description, governance, and corporate information

Ittehad Chemicals Limited was incorporated on September 28, 1991 to takeover the assets of Ittehad Chemicals and Ittehad Pesticides under a Scheme of Arrangement dated June 18, 1992. The Company was privatised on July 03, 1995. The Company is engaged in the business of manufacturing and selling caustic soda and other allied chemicals.

Shariah CompliantChemical

Corporate Information

  • RegistrarM/s. Hameed Majeed Associate (Pvt.) Ltd. 1st Floor, H.M. House, 7-Bank Square The Mall, Lahore
  • AuditorM/s. BDO Ebrahim & Co, Chartered Accountants.
  • Websitewww.ittehadchemicals.com
  • Address39 Empress Road, Lahore.
  • SectorChemical
  • Financial Year EndJune

Key People

NameRole
ASAbdul Sattar Khatri
CEO
MSMuhammad Siddique Khatri
Chairperson
AMAbdul Mansoor Khan
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

Filings and disclosures from the PSX announcement feed

12Peers in Chemical

How the cohort is moving — same-sector stocks by market cap

ICL vs Chemical sector median

Median across 24 sector constituents · nulls excluded per metric

MetricICLSector median
10.7x12.1x
2.2%1.7%
13.3%12.7%
1-Year Return+51.5%+19.2%
Rs 13.92BRs 5.64B

13Frequently Asked Questions

The most common questions investors ask about ICL

Frequently Asked Questions

ICL is trading at Rs 139.50, up 0.21% on the day, within a 52-week range of Rs 85.10–176.00, from the 15-minute snapshot taken at 12:30 PKT. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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