Stock MTL MILLAT TRACTORS LIMITED
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Company Millat Tractors Limited

Equities

MTL

PK0009801017

Heavy Machinery & Vehicles

End-of-day quote Pakistan S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
608 PKR -1.63% Intraday chart for Millat Tractors Limited +2.10% +4.59%
Apr. 26 Millat Tractors Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024 CI
Feb. 28 Millat Tractors Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023 CI

Business Summary

Millat Tractors Limited is a Pakistan-based company, which is engaged in the manufacturing and marketing of Massey Ferguson tractors under a licensing agreement with AGCO Ltd., United Kingdom; forklift trucks under license from Anul Forlift Trucks, China; diesel engines; diesel generating sets, and a range of allied agricultural and industrial implements. The Company is also involved in the sale, implementation and support of industrial and financial systems applications in Pakistan and abroad. Its segments include tractors, tractor components and castings. Its tractors segment deals with assembling and manufacturing agricultural tractors, implements and multi-application products. The Company's tractor components segment manufactures automotive, agricultural and industrial vehicles parts and components. Its castings segment manufactures castings for tractors and automotive parts. Its agricultural tractors include Millat's MF 240, Millat's MF 350, Millat's MF 260 and Millat MF 360.

Sales per Business

PKR in Million2022Weight2023Weight Delta
Tractors
93.7 %
53,374 97.0 % 44,191 93.7 % -17.21%
Inter-segment/Group Eliminations
-18.2 %
-10,700 -19.5 % -8,597 -18.2 % -19.66%
Tractor Components
10.1 %
5,978 10.9 % 4,779 10.1 % -20.06%
Others
9.8 %
3,608 6.6 % 4,602 9.8 % +27.55%
Castings
4.6 %
2,750 5.0 % 2,165 4.6 % -21.28%

Sales per region

PKR in Million2022Weight2023Weight Delta
Pakistan
100.0 %
55,010 100.0 % 47,139 100.0 % -14.31%

Managers

Managers TitleAgeSince
Raheel Asghar CEO
 Chief Executive Officer - 22-05-31
Sohail Nisar DFI
 Director of Finance/CFO - -
Muhammad Adeel Farooqi CTO
 Chief Tech/Sci/R&D Officer - -
Muhammad Khurshid CTO
 Chief Tech/Sci/R&D Officer - 12-10-31
Sohail Rana BRD
 Director/Board Member - 03-12-31
Laeeq Uddin Ansari BRD
 Director/Board Member - 82-12-31
Muhammad Nawaz IRC
 Investor Relations Contact - -
Azhar Noor SAM
 Sales & Marketing - -
Muhammad Faisal Azeem SEC
 Corporate Secretary - 17-07-30

Members of the board

Members of the board TitleAgeSince
Sikandar Khan CHM
 Chairman - 85-09-30
Laeeq Uddin Ansari BRD
 Director/Board Member - 82-12-31
Sohail Rana BRD
 Director/Board Member - 03-12-31
Nasar Qureshi BRD
 Director/Board Member - 21-10-31
Saad Iqbal BRD
 Director/Board Member - -
Raheel Asghar CEO
 Chief Executive Officer - 22-05-31
Ambreen Waheed BRD
 Director/Board Member - 18-09-30
Qaiser Saleem BRD
 Director/Board Member - 22-02-22
Mohammad Rashid BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 191,798,229 134,928,268 ( 70.35 %) 0 70.35 %

Shareholders

NameEquities%Valuation
Laeeq Uddin Ansari
9.366 %
17,963,712 9.366 % 38 M ₨
Sikandar Khan
8.930 %
17,127,909 8.930 % 36 M ₨
Sohail Rana
5.757 %
11,041,715 5.757 % 23 M ₨
Qaiser Saleem
2.398 %
4,600,000 2.398 % 10 M ₨
Saad Iqbal
2.343 %
4,494,390 2.343 % 9 M ₨
National Investment Trust Ltd.
1.103 %
2,115,340 1.103 % 4 M ₨
Ayesha Sohail
0.7217 %
1,384,150 0.7217 % 3 M ₨
Trustus Capital Management BV
0.2050 %
393,141 0.2050 % 827 519 ₨
Faysal Bank Ltd. (Investment Management)
0.1957 %
375,340 0.1957 % 790 049 ₨
Al Meezan Investment Management Ltd.
0.1647 %
315,900 0.1647 % 664 935 ₨

Company contact information

Millat Tractors Ltd.

9-KM Sheikhupura Road Shahdara

54000, Lahore

+

http://www.millat.com.pk
address Millat Tractors Limited(MTL)

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Heavy Machinery & Vehicles
Agricultural Machinery

Sales per Business

Quarterly revenue - Rate of surprise

Company calendar

Sector Agricultural Machinery

1st Jan change Capi.
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Agricultural Machinery
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