D.G. Khan Cement Company Ltd. (DGKC) announced its 4QFY26 financial results, reporting earnings of PkR3.1bn (EPS: PkR7.0), compared to PkR3.2bn (EPS: PkR7.2) in SPLY, down 3%YoY, mainly due to lower offtakes and higher coal cost. Earnings came in line with our expectations. Alongside the result, the company announced a cash payout of PkR1.0/sh (Annual payout ratio: 4%).

·        Revenue increased by 13%YoY to PkR19.0bn from PkR16.8bn in SPLY, primarily driven by a 13% YoY increase in retention prices and higher local offtakes, which outweighed the decline in export volumes.

·        Gross margins contracted to 23.8% from 31.8% in SPLY, mainly due to higher coal prices.

·        We have a ‘BUY’ stance on the stock with a Dec’26 SOTP target price of PkR389/sh. Our positive outlook is driven by expected improvement in profitability amid supportive gross margins, higher offtakes, and lower interest rates.

Full Report
DGKC 4QFY26 Result Review — Earnings in line with expectations (AKD Off the Analyst’s Desk Aug 27, 2026)

Courtesy : AKD Research