FIRST CAPITAL· SIGNA RESEARCH
KSE CLOSEDKSE-100 · PSX--:--:-- PKTDATA AS OF 11 JUN 2026 · EOD

DGKC

D.G. Khan Cement
CEMENT

LAST · PKR

141.30
+0.68 +0.48%

52W RANGE

91.80144.46
94% OF RANGE · YTD +20.4%
01 / DGKC — 1 YearAS OF 11 JUN 2026 · EOD
PERIOD 1Y · 250 SESSIONS

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.

02 / Fundamentals
Market cap
62bn
P/E (ttm)
8.9×
EPS (ttm)
15.88
Dividend yield
1.4%
Return on equity
7.8%
Beta
1.35
Free float
65%
52W high
144.46
52W low
91.80
1D change
+0.48%
YTD return
+20.4%

Nishat-group cement producer with north and south plants and meaningful export exposure to Afghanistan and seaborne markets.

03 / Research NoteCONSTRUCTIVE

SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD

D.G. Khan Cement: earnings power still under-priced at 8.9× despite the re-rating

D.G. Khan Cement (DGKC) trades at 8.9× trailing earnings with a 1.4% dividend yield, sitting 94% of the way up its 52-week range. Return on equity of 7.8% sits near the market's cost of equity, and the 65% free float keeps the name liquid enough for institutional sizing.

Within the cement space, the setup is favourable: the stock has outperformed year-to-date and consensus has been chasing, not leading, the upgrades. At 1.35 beta the name moves harder than the index in both directions — position sizing matters more than entry price. Capital appreciation, not the payout, has to carry the return from here.

AT A GLANCE

Stance
CONSTRUCTIVE
P/E (ttm)
8.9×
Dividend yield
1.4%
Beta
1.35
52W position
94%
YTD return
+20.4%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE

04 / Sector Peers
SymbolLastChg %P/EM. Cap1Y
LUCKLucky Cement1,148.00−0.69%7.7×336bn
DGKCD.G. Khan Cement— THIS PAGE141.30+0.48%8.9×62bn

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.