Karachi: Baluchistan Wheels Limited, a prominent player in the automotive sector, has released its annual report for the fiscal year 2026, unveiling a stable financial performance despite challenging market conditions. The report, dated September 3, 2026, highlights the company's financial position and profitability over the past six years, providing insights into its operational resilience and strategic direction.
The company's total assets recorded a significant increase, amounting to 2.88 billion rupees in 2026, compared to 2.66 billion rupees in 2025. This growth is driven by an uptick in both non-current and current assets, with notable investments in property, plant, and equipment, which rose to 1.03 billion rupees. Current assets also showed an increase, with stock-in-trade and trade debts contributing significantly to the overall asset growth.
On the equity and liabilities front, Baluchistan Wheels Limited's equity strengthened to 2.40 billion rupees in 2026 from 2.31 billion rupees in the previous year. The company's reserves saw an increase to 1.69 billion rupees, reflecting a solid financial foundation. Meanwhile, current liabilities expanded to 427.96 million rupees, primarily due to increased trade and other payables.
According to information available from the Pakistan Stock Exchange (PSX), Baluchistan Wheels Limited achieved a net turnover of 2.92 billion rupees in 2026, marking a significant move of 26.56% from the previous year. The cost of sales increased to 2.09 billion rupees, resulting in a gross profit of 830.76 million rupees. Despite rising costs, the company maintained a robust gross profit margin of 28.49%, classifying this as a big move.
Profitability metrics indicated a stable performance, with profit after taxation totaling 312.59 million rupees. The earnings per share stood at 23.44 rupees, while the dividend per share was declared at 20.00 rupees, yielding a dividend as a percentage of capital at 200%. The company's return on capital employed improved to 24.03%, highlighting efficient resource utilization.
The liquidity and leverage ratios showed a slight decrease, with the current ratio at 4.30 and the quick ratio at 2.48. Interest cover ratio improved to 201.54 times, ensuring the company's ability to meet its interest obligations comfortably.
Share performance exhibited positive momentum, with the year-end market price per share rising to 217.53 rupees. The high price per share during the year reached 257.92 rupees, while the low price was 140.02 rupees, indicating investor confidence in the company's growth trajectory.
Baluchistan Wheels Limited's annual report underscores its strategic focus on enhancing operational efficiency and sustaining financial health, positioning itself well to navigate future market challenges.