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

ENGRO

Engro Holdings
CONGLOMERATE

LAST · PKR

318.50
+1.75 +0.55%

52W RANGE

244.39323.46
94% OF RANGE · YTD +16.0%
01 / ENGRO — 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
408bn
P/E (ttm)
9.6×
EPS (ttm)
33.18
Dividend yield
5.0%
Return on equity
14.2%
Beta
0.95
Free float
55%
52W high
323.46
52W low
244.39
1D change
+0.55%
YTD return
+16.0%

Diversified holding company spanning fertilizers, petrochemicals, telecom infrastructure, energy and foods.

03 / Research NoteCONSTRUCTIVE

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

Engro Holdings: earnings power still under-priced at 9.6× despite the re-rating

Engro Holdings (ENGRO) trades at 9.6× trailing earnings with a 5.0% dividend yield, sitting 94% of the way up its 52-week range. Return on equity of 14.2% sits near the market's cost of equity, and the 55% free float keeps the name liquid enough for institutional sizing.

Within the conglomerate space, the setup is favourable: the stock has outperformed year-to-date and consensus has been chasing, not leading, the upgrades. At 0.95 beta the name tracks the index closely, so the yield spread over the 12-month T-bill is the cleanest way to frame the trade. Capital appreciation, not the payout, has to carry the return from here.

AT A GLANCE

Stance
CONSTRUCTIVE
P/E (ttm)
9.6×
Dividend yield
5.0%
Beta
0.95
52W position
94%
YTD return
+16.0%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE