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^The historical stock prices have been adjusted to reflect stock splits to ensure comparability over time.
Company Profile
The Thal Industries Corporation Limited is a public limited company incorporated in Pakistan on 07th September 1953 under the Companies Act, 1913 (now Companies Act 2017). The Company is principally engaged in production and sale of refined sugar and its by-products.
| Muhammad Shamim Khan | CEO |
| Qaiser Shamim Khan | Chairperson |
| Wasif Mahmood | Company Secretary |
M/s. Corplink (Pvt) Ltd Wings Arcade, 1-K- Commercial Model Town, Lahore.
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants.
September
Equity Profile
Announcements
| Date | Title | Document |
|---|---|---|
| Jul 29, 2025 | Transmission of Quarterly Report for the Period Ended 30th June 2025 | View PDF |
| Jul 23, 2025 | Financial Results for the Quarter Ended 2025-06-30 | View PDF |
| May 29, 2025 | Transmission of Quarterly Report for the Period Ended 31st March 2025 | View PDF |
| May 23, 2025 | Financial Results for the Quarter Ended 31st March 2025. | View PDF |
| Jan 30, 2025 | Transmission of Quarterly Report for the Period Ended 2024-12-31 | View PDF |
| Date | Title | Document |
|---|---|---|
| Aug 8, 2025 | Unusual Movement in Price of the Shares of The Thal Industries Corporation Limited (TICL). | View PDF |
| Feb 12, 2025 | Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations | View PDF |
| Feb 7, 2025 | Credit of Final Cash Dividend through IBAN | View PDF |
| Jan 29, 2025 | Presentation File for Corporate Briefing Session-TICL | View PDF |
| Jan 28, 2025 | Approvals of Shareholders in the 71st AGM of TICL | View PDF |
Financials
All numbers in thousands (000's) except EPS
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Sales | 28,611,252 | 30,807,763 | 19,800,471 | 21,424,381 |
| Profit after Taxation | 1,135,970 | 1,966,067 | 1,781,871 | 1,630,304 |
| EPS | 75.61 | 130.87 | 118.61 | 108.52 |
| Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | |
|---|---|---|---|---|
| Sales | 12,809,439 | 13,662,773 | 10,923,557 | 8,626,975 |
| Profit after Taxation | 1,152,491 | 53,176 | 7,301 | (688,353) |
| EPS | 76.71 | 3.54 | 0.49 | (45.82) |

Ratios
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Gross Profit Margin (%) | 16.02 | 19.86 | 20.38 | 15.57 |
| Net Profit Margin (%) | 3.97 | 6.38 | 9.00 | 7.61 |
| EPS Growth (%) | (42.23) | 10.34 | 9.30 | 29.01 |
| PEG | (0.08) | 0.16 | 0.22 | 0.09 |
Payouts
| Date | Financial Results | Details | Book Closure |
|---|---|---|---|
| December 26, 2023 3:48 PM | 30/09/2023(YR) | 50%(F) (D) | 19/01/2024 - 26/01/2024 |
| December 27, 2022 3:59 PM | 30/09/2022(YR) | 35%(F) (D) | 18/01/2023 - 25/01/2023 |
| December 27, 2021 3:58 PM | 30/09/2021(YR) | 30%(F) (D) | 19/01/2022 - 26/01/2022 |
| December 24, 2020 4:09 PM | 30/09/2020(YR) | 30%(F) (D) | 19/01/2021 - 26/01/2021 |
| December 31, 2019 3:39 PM | 30/09/2019(YR) | 15% (F) (D) | 21/01/2020 - 27/01/2020 |
| May 22, 2018 2:24 PM | 31/03/2018(HYR) | 88.6133% (D) | 12/06/2018 - 18/06/2018 |
| December 27, 2017 11:24 AM | 30/09/2017(YR) | 100% (D) | 16/01/2018 - 22/01/2018 |
| December 26, 2016 2:46 PM | 30/09/2016(YR) | 50% (D) | - 28/01/2017 |
| December 28, 2015 9:48 AM | 30/09/2015(YR) | 50% (D) | 23/01/2016 - 30/01/2016 |
| September 15, 2015 1:56 PM | - | 9.2%(I) (D) | 25/09/2015 - 30/09/2015 |









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