Karachi Stock Exchange · Pakistan · Updated after 19 Oct 2026 close
Millat Tractors Ltd
MTL · Karachi Stock Exchange · prices in PKR
PKR 292.98▼ -9.92 (3.28%)
About Millat Tractors Ltd
Millat Tractors Ltd is a Pakistani engineering company based in Lahore that builds and sells Massey Ferguson farm tractors under licence, along with diesel engines, generators and spare parts. Its customers are mainly farmers and agricultural businesses across Pakistan who rely on tractors for ploughing, haulage and other fieldwork. The company also provides after-sales service and parts support through a dealer network, and supplies engines and components to other industrial users.
The shares are listed on the Karachi Stock Exchange in Pakistan under the code MTL, and the price on this page is in Pakistani rupees (PKR). Our dividend records, which start in 2019, show payments in 8 different calendar years. The Market X-Ray on this page is price-based and compares it with other stocks on the same exchange; it does not measure how healthy the business is.
Market X-Ray · price-based
Weak price profile
Ranks #433 of 491 on the Karachi Stock Exchange · confidence High
What this score is, and is not
It describes how this stock has traded: trend, momentum, risk, liquidity and dividends, each ranked against the other stocks on its own exchange. It does not measure how healthy or cheap the business is. That fundamental X-Ray needs financial statements, which we do not have for Pakistan yet.
TrendWeak
3/100
Below its long-term averages and far from its highs.
See the numbers →
Above 200-day average-33.3%
From 52-week high-53.3%
MomentumWeak
28/100
Lagging most stocks on this exchange.
See the numbers →
3-month return2.8%
6-month return-42.7%
12-month, skipping last month-43.5%
Stability (higher is calmer)Weak
8/100
Volatile, with deep drawdowns.
See the numbers →
Volatility, 1 year (lower is calmer)163.1%
Worst drawdown, 1 year (smaller is calmer)-54.8%
LiquidityStrong
81/100
Trades actively.
See the numbers →
Avg daily value traded59.33M PKR
Zero-volume days0.0%
IncomeStrong
79/100
Dividend is high and has been paid regularly.
See the numbers →
Dividend yield6.8%
Years with dividends6
Price-based X-Ray. The fundamental X-Ray (financial health, valuation, growth, fair value) is available for US stocks today. It will follow for Pakistan when fundamentals data for this market is added. All Pakistan stocks.
Fair value estimate · limited data
PKR 331.42range of models 324.34 – 336.22
Fair
+13.1% to fair value
Average of the 3 valuation models that pass our checks. Undervalued or Overvalued means the gap to fair value is more than 17.5%. Model uncertainty is High.
PSX income statement only (no balance sheet or cash flow): only earnings and sales models can be built. Their weights were fitted to a professional consensus-style valuation of Pakistani stocks and checked on stocks that were not used for the fit, but they use no analyst forecasts. Treat this as a rough estimate.
P/E multiple
PKR 336.22
P/S multiple
PKR 324.34
P/E on average earnings
PKR 333.71
Each model multiplies the company's trailing-twelve-month earnings (or sales) by a multiple that blends its own current multiple, its own history and its sector median. Earnings per share by fiscal year, newest first: 19.65, 15.97, 52.26, 17.61. Source: statements and price from the Pakistan Stock Exchange portal and end-of-day data. A model estimate, not a price target or advice. How it works.
Factor ratings for MTL
Each factor is rated by where MTL stands among the 10 stocks of its PSX sector (Automobile Assembler; all PSX stocks when the sector is too small for a fair comparison): Good is the top third, Average the middle third and Bad the bottom third ("Beats" is the share of those stocks it is ahead of). For valuation factors Good means cheaper than most of the group, which is not the same as a bargain. The last columns set the latest year's profit margin against the company's own three earlier years.
In total: 3 Good · 4 Average · 5 Bad of 12
Growth: 1 · 3 · 0
Profitability: 1 · 0 · 0
Valuation: 0 · 0 · 2
Price risk and momentum: 0 · 0 · 3
Liquidity: 1 · 1 · 0
| Factor | MTL | Rating | Group median | Own earlier years | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth, last financial year | +22.3% | Good beats 79% | +7.1% | – | – |
| Sales growth, 3 years a year | +13.0% | Average beats 66% | +7.4% | – | – |
| Profit growth, last financial year | +23.0% | Average beats 60% | +8.2% | – | – |
| EPS growth, 3 years a year | +3.7% | Average beats 45% | +9.3% | – | – |
| Profitability | |||||
| Net profit margin | 12.3% | Good beats 79% | 3.8% | 11.2% | ▲ Better |
| Valuation | |||||
| P/E ratio (last 12 months) | 14.9x | Bad beats 31% | 9.4x | – | – |
| Price / sales | 1.8x | Bad beats 24% | 0.8x | – | – |
| Price risk and momentum | |||||
| Volatility, 1 year | 163.1% | Bad beats 1% | 52.0% | – | – |
| Worst drawdown, 1 year | −54.8% | Bad beats 16% | −42.2% | – | – |
| 12-month return, skipping the last month | −43.5% | Bad beats 5% | −2.3% | – | – |
| Liquidity | |||||
| Average daily value traded | PKR 59.3M | Good beats 83% | PKR 5.3M | – | – |
| Days with no trading | 0.0% | Average beats 51% | 0.0% | – | – |
Built from the income-statement summary the Pakistan Stock Exchange publishes (sales, profit and EPS for up to four financial years, trailing P/E, market value) and our own end-of-day prices. The PSX portal has no balance sheet or cash flow, so there are no debt, cash-flow or book-value factors. A factor is left out when its data is missing or meaningless (for example a P/E on a loss). These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the Market X-Ray.
Price chart
52-wk range 245.95 – 636.99 Daily closes, split-adjusted
Signals
50-day average300.77
200-day average438.99
Golden/death cross (60d)None
New 52-week highNo
Bullish RSI divergenceNo
Average daily range (ATR)5.48
Technical summary
Daily
Strongly bearish
1 bullish · 3 neutral · 12 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 297.9 | Bearish |
| EMA 10 | 297.9 | Bearish |
| SMA 20 | 297.8 | Bearish |
| EMA 20 | 298.4 | Bearish |
| SMA 50 | 300.8 | Bearish |
| EMA 50 | 308.9 | Bearish |
| SMA 100 | 348.7 | Bearish |
| EMA 100 | 346.7 | Bearish |
| SMA 200 | 439.0 | Bearish |
| EMA 200 | 406.1 | Bearish |
Oscillators (daily)
| RSI (14) | 39.51 | Neutral |
| MACD (12, 26) | -1.17 | Bearish |
| Momentum (12) | -1.34 | Bearish |
| Stochastic %K (14) | 26.53 | Neutral |
| Williams %R (14) | -73.47 | Neutral |
| CCI (20) | -194.1 | Bullish |
Pivot points (classic, last session)
S3 283.7 | S2 286.3 | S1 289.7 | Pivot 292.3 | R1 295.7 | R2 298.3 | R3 301.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
20.00 PKR
Yield on today's price
6.83%
Frequency
Annual
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 3 Mar 2026 | 20.0000 |
| 15 Oct 2025 | 15.0000 |
| 3 Mar 2025 | 45.0000 |
| 8 Mar 2024 | 25.0000 |
| 18 Oct 2023 | 15.0000 |
| 2 Mar 2023 | 11.0000 |
| 19 Oct 2022 | 24.0000 |
| 7 Mar 2022 | 54.0000 |
| 21 Oct 2021 | 60.0000 |
| 10 Mar 2021 | 50.0000 |
| 16 Oct 2020 | 30.0000 |
| 10 Mar 2020 | 20.0000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax. For Pakistani companies a future date appears only once EODHD lists it as declared; the exchange's own list of book closures is on dps.psx.com.pk/payouts.
Prices are end-of-day closes in PKR. Educational only, not financial advice.