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Nishat Chunian Power Limited NCPL

Market open

Rs 60.00

-0.57 (-0.94%)

Vol1,135,168Updated12:3019 Aug 2026

01At a Glance

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

Consolidated snapshot

Nishat Chunian Power Limited (NCPL) is a Power Generation & Distribution company listed on the Pakistan Stock Exchange. As of 19 Aug 2026, NCPL last traded at Rs 60.00 (-0.94% on the day) with a market cap of Rs 22.25B and a free float of 55.0%. Over the last 12 months the stock has returned +134.6%. Cash dividends declared over the trailing 12 months total Rs 1.50/share (yield 2.5%).

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

Rs -9.19
1Y Return
+134.6%
Rs 22.25B

02Price & Performance

Closing prices across timeframes, returns, and range context

NCPL — Price History

Daily closing series · toggle period below

1M Return+4.0%
3M Return-7.0%
6M Return-26.2%
1Y Return+134.6%
Day's Range0% of range
Rs 60.00
LowRs 60.26
HighRs 62.25
52-Week Range56% of range
Rs 60.00
LowRs 22.49
HighRs 89.48

03Key Metrics

Valuation, profitability, structure, and risk in one grid

Loss-making · P/E n/m
Rs -9.19Latest annual · basic
0.95xBook Rs 63.23
2.48%Rs 1.50/sh trailing 12m
1.35Higher than market
Rs 22.25BMid cap
55.0%202M shares
3.23High leverage
-12.9%Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

NCPL has paid Rs 1.50 per share in cash dividends over the trailing 12 months — a 2.5% yield at the last close. Its most recent payout was Rs 1.50/share, announced 28 Apr 2026 with book closure from 11 May 2026. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 1.50
Trailing Yield
2.48%
Payout Ratio
Announced
28 Apr 2026

Dividend Per Share Trend

2021
Rs 0.00
2022
Rs 10.00
2023
Rs 0.00
2024
Rs 0.00
2025
Rs 2.00

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
28 Apr 202631 Mar 2026 (IIIQ)CashRs 1.50(15%)11 May 2026 – 12 May 2026
25 Apr 202531 Mar 2025 (IIIQ)CashRs 2.00(20%)07 May 2025 – 08 May 2025
13 Nov 2024CashRs 5.00(50%)25 Nov 2024 – 26 Nov 2024

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

NCPL's market capitalisation stands at Rs 22.25B as of 18 Aug 2026 up 137.2% over the past 12 months (from Rs 9.38B).

Financial Statements

How NCPL's income and balance sheet have evolved

PKR MillionsMar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Jun-24Trend
Net Sales / Revenue2,1689481,3671,5351,2487062,0772,735
Cost of Sales1,8756529311,4807834536941,817
Gross Profit293295436554652531,383918
Administrative Expenses11210899116106666757
Operating Profit181188337-613601871,316861
EBITDA3503464961075183391,4721,051
Other Income147280291303128187239220
Financial Charges452111112
Profit Before Tax71841962152481-5,2241,4871,073
Taxation3772691463022228
Profit After Tax681347552-94451-5,2461,4651,065
EPS - Basic (Rs)Rs 1.85Rs 0.94Rs 1.50Rs -0.26Rs 1.23Rs -14.28Rs 3.99Rs 2.90

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 margin31.4%
Gross profit margin13.5%
EBITDA margin16.1%
EBIT margin8.3%

Net profit margin

Net profit ÷ revenue · %

0.0%17.6%35.3%52.9%70.5%38.9%Jun-24Sep-24Dec-24Mar-25Jun-25Sep-2536.6%Dec-2531.4%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio5.30
Quick ratio4.35
Cash ratio3.55
Asset turnover0.08x
Effective tax rate5.2%

Current ratio

Current assets ÷ current liabilities

0.0010.3520.6931.0441.398.13Jun-24Sep-24Mar-25Jun-25Sep-255.07Dec-255.30Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 22.25B

Rs 31.95BRs 22.50BRs 13.05BRs 3.60BAug 25Oct 25Dec 25Feb 26Apr 26Jun 26Rs 22.25B

Valuation & Capital Returns

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

Latest · Mar-26

RatioValue
Price to earnings31.02x
Price to book0.85x
EV / EBITDA65.41x
Price to sales9.72x

Price to earnings

Period-end price ÷ EPS · times

0.00x13.41x26.81x40.22x53.63x16.55xSep-2553.63xDec-2531.02xMar-26Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
BUY

10-day SMA (Rs 60.13) is above the 30-day SMA (Rs 58.38). RSI at 53 sits in the neutral band.

As of18 Aug 2026

PeriodValuevs CurrentPosition
SMA 10Rs 60.13+0.22%Below
SMA 30Rs 58.38-2.70%Above
SMA 60Rs 61.50+2.49%Below
SMA 200Rs 58.21-2.98%Above
53Neutral
0 · Oversold305070100 · Overbought

At 53, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bullish Cross
  • MACD0.25
  • Signal-0.34
  • Histogram+0.59
R2Resistance 2
Rs 71.31
18.9%
R1Resistance 1
Rs 65.94
9.9%
NOWCurrent
Rs 60.00
S1Support 1
Rs 54.26
-9.6%
S2Support 2
Rs 47.95
-20.1%

07Leverage Insights

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

Rs 14.60M
+2984.70% MoMMargin Trading System
Rs 253.95M
+8.98% MoMMargin financing
Rs 268.55M
+15.01% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

As of 18 Aug 2026

Rs 153.95K
Futures blank sales (Rs)
0.03%
Blank sale ÷ OI
0.08%
Blank sale ÷ free float

Futures Blank Sale Insights

Blank sale value vs OI and free float

08Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %39.14%Most recent print
Average · 3M60.83%Mean over window
Change · 3M-37.26%First → last
Range · 3M35.4–90.4%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 · 55.0%Non-float · 45.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 3.67B
Total Shares367M
202M
55.0%
Year EndJun
Enterprise Value

10About the Company

Business description, governance, and corporate information

Nishat Chunian Power Limited is a public Company limited by shares incorporated in Pakistan on February 23, 2007 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017). The principal activity of the Company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW and net capacity of 195.722 MW. The Company entered into a Power Purchase Agreement ('PPA') with its sole customer, Central Power Purchasing Agency (Guarantee) Ltd ('CPPA-G') for twenty-five years which commenced from July 21, 2010.

Power Generation & Distribution

Corporate Information

  • RegistrarHameed Majeed Associates (Pvt) Limited, 1st Floor, H.M. House, 7-Bank Square, Lahore
  • AuditorM/s. Riaz Ahmad & Company Chartered Accountants
  • Websitewww.ncpower.com.pk
  • AddressNishat House, 53-A, Lawrence Road, Lahore.
  • SectorPower Generation & Distribution
  • Financial Year EndJune

Key People

NameRole
FIFarrukh Ifzal
CEO
GHGhazanfar Hussain Mirza
Chairperson
STSyed Tasawar Hussain
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

12Peers in Power Generation & Distribution

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

NCPL vs Power Generation & Distribution sector median

Median across 16 sector constituents · nulls excluded per metric

MetricNCPLSector median
9.6x
2.5%2.3%
-12.9%-0.5%
1-Year Return+134.6%+28.6%
Rs 22.25BRs 5.66B

13Frequently Asked Questions

The most common questions investors ask about NCPL

Frequently Asked Questions

NCPL is trading at Rs 60.00, down 0.94% on the day, within a 52-week range of Rs 22.49–89.48, 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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