Pakistan Stock Exchange (PSX) · Pakistan · Updated after 27 Oct 2026 close

Bestway Cement Ltd

BWCL · Pakistan Stock Exchange (PSX) · prices in PKR

PKR 463.29▲ +10.09 (2.23%)

Research report

About Bestway Cement Ltd

Bestway Cement makes and sells cement and clinker, supplying builders, contractors and construction-material distributors across Pakistan. The company operates cement plants in the country and serves the domestic construction market, where its product is used in concrete, mortar and general building work. It is based in Pakistan and is part of the Bestway Group, a business group with interests in cement, banking and other sectors.

The shares are listed on the Pakistan Stock Exchange (PSX) under the code BWCL, 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

Fair price profile

Ranks #115 of 542 on the Pakistan Stock Exchange (PSX) · 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.

TrendFair

65/100

Mixed trend against its averages.

See the numbers →

Above 200-day average0.8%

From 52-week high-22.1%

MomentumFair

50/100

Typical recent returns for this exchange.

See the numbers →

3-month return-6.2%

6-month return3.9%

12-month, skipping last month-20.1%

Stability (higher is calmer)Strong

81/100

Calmer than most: low volatility and shallow drawdowns.

See the numbers →

Volatility, 1 year (lower is calmer)25.9%

Worst drawdown, 1 year (smaller is calmer)-30.9%

LiquidityFair

57/100

Moderate trading activity.

See the numbers →

Avg daily value traded6.97M PKR

Zero-volume days0.0%

IncomeStrong

78/100

Dividend is high and has been paid regularly.

See the numbers →

Dividend yield6.5%

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.

Price trend

Uptrend

Versus its 50- and 200-day averages

52-week range

386.00 – 602.00

Price is 36% of the way up

Returns

−6.2% 3m · −17.1% 1y

Price returns, dividends not included

RSI (14)

Neutral zone

Latest results

Announced 26 Oct 2026 · Quarter ended 30 Sep 2026

The company announced results to the Pakistan Stock Exchange on 26 Oct 2026. We are reading the announcement; the figures appear here once they pass our checks.

Fair value estimate · limited data

PKR 525.92range of models 495.39 – 546.93

Fair +13.5% 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 546.93

P/S multiple

PKR 495.39

P/E on average earnings

PKR 535.44

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: 43.20, 40.02, 23.09, 19.94. 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 BWCL

Each factor is rated by where BWCL stands among the 19 stocks of its PSX sector (Cement; all PSX stocks when the sector is too small for a fair comparison).

Rating against the group

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set the latest year's profit margin against the company's own three earlier years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the group, which is not the same as a bargain.

In total: 4 Good · 3 Average · 5 Bad of 12 Growth: 1 · 2 · 1 Profitability: 1 · 0 · 0 Valuation: 0 · 0 · 2 Price risk and momentum: 2 · 0 · 1 Liquidity: 0 · 1 · 1

Factor	BWCL	Rating	Group median	Own earlier years	Against own history
Growth
Sales growth, last financial year	+0.5%	Bad beats 9%	+12.6%	–	–
Sales growth, 3 years a year	+7.3%	Average beats 47%	+7.3%	–	–
Profit growth, last financial year	+7.9%	Average beats 39%	+15.2%	–	–
EPS growth, 3 years a year	+29.4%	Good beats 71%	+24.2%	–	–
Profitability
Net profit margin	23.8%	Good beats 78%	13.2%	13.6%	▲ Better
Valuation
P/E ratio (last 12 months)	10.5x	Bad beats 28%	7.7x	–	–
Price / sales	2.5x	Bad beats 15%	1.3x	–	–
Price risk and momentum
Volatility, 1 year	25.9%	Good beats 92%	48.8%	–	–
Worst drawdown, 1 year	−30.9%	Good beats 87%	−42.2%	–	–
12-month return, skipping the last month	−20.1%	Bad beats 8%	−5.9%	–	–
Liquidity
Average daily value traded	PKR 7.0M	Bad beats 18%	PKR 23.8M	–	–
Days with no trading	0.0%	Average beats 53%	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

Interactive chart

52-wk range 386.00 – 602.00 Daily closes, split-adjusted

Signals

50-day average456.77

200-day average459.75

Golden/death cross (60d)Death, 5 days ago

New 52-week highNo

Bullish RSI divergenceNo

Average daily range (ATR)7.55

Technical summary

Daily

Bullish

11 bullish · 1 neutral · 4 bearish

Weekly

Bullish

7 bullish · 1 neutral · 4 bearish

Monthly

Strongly bullish

6 bullish · 1 neutral · 1 bearish

Moving averages (daily)

SMA 10	449.6	Bullish
EMA 10	451.2	Bullish
SMA 20	446.2	Bullish
EMA 20	449.3	Bullish
SMA 50	456.8	Bullish
EMA 50	454.8	Bullish
SMA 100	467.4	Bearish
EMA 100	459.9	Bullish
SMA 200	459.8	Bullish
EMA 200	460.1	Bullish

Oscillators (daily)

RSI (14)	67.17	Neutral
MACD (12, 26)	0.42	Bullish
Momentum (12)	4.30	Bullish
Stochastic %K (14)	94.84	Bearish
Williams %R (14)	-5.16	Bearish
CCI (20)	268.2	Bearish

Pivot points (classic, last session)

450.7

453.9

458.6

Pivot

461.8

466.5

469.7

474.4

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

30.00 PKR

Yield on today's price

6.48%

Frequency

Quarterly

Next ex-dividend date

Not announced

Tap a dividend date to compare the dividend yield on that day with today's.

Ex-dividend date	Amount per share
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 24 Aug 2026. On 24 Aug 2026 8.22% Share price that day 486.80 PKR. Dividends in the 12 months up to that day: 40.00 PKR (10.00 + 10.00 + 10.00 + 10.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 23 Apr 2026. On 23 Apr 2026 8.59% Share price that day 465.39 PKR. Dividends in the 12 months up to that day: 40.00 PKR (10.00 + 10.00 + 10.00 + 10.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 6 Mar 2026. On 6 Mar 2026 8.43% Share price that day 450.60 PKR. Dividends in the 12 months up to that day: 38.00 PKR (10.00 + 10.00 + 10.00 + 8.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 23 Oct 2025. On 23 Oct 2025 7.26% Share price that day 606.19 PKR. Dividends in the 12 months up to that day: 44.00 PKR (10.00 + 10.00 + 8.00 + 8.00 + 8.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 7 Aug 2025. On 7 Aug 2025 8.08% Share price that day 519.49 PKR. Dividends in the 12 months up to that day: 42.00 PKR (10.00 + 8.00 + 8.00 + 8.00 + 8.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 23 Apr 2025. On 23 Apr 2025 7.40% Share price that day 432.58 PKR. Dividends in the 12 months up to that day: 32.00 PKR (8.00 + 8.00 + 8.00 + 8.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 28 Feb 2025. On 28 Feb 2025 8.24% Share price that day 364.28 PKR. Dividends in the 12 months up to that day: 30.00 PKR (8.00 + 8.00 + 8.00 + 6.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 1 Nov 2024. On 1 Nov 2024 9.52% Share price that day 294.26 PKR. Dividends in the 12 months up to that day: 28.00 PKR (8.00 + 8.00 + 6.00 + 6.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 20 Aug 2024. On 20 Aug 2024 11.18% Share price that day 232.55 PKR. Dividends in the 12 months up to that day: 26.00 PKR (8.00 + 6.00 + 6.00 + 6.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	6.0000
This payment: 6.0000 PKR per share, ex-dividend 25 Apr 2024. On 25 Apr 2024 13.48% Share price that day 215.20 PKR. Dividends in the 12 months up to that day: 29.00 PKR (6.00 + 6.00 + 6.00 + 6.00 + 5.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	6.0000
This payment: 6.0000 PKR per share, ex-dividend 1 Mar 2024. On 1 Mar 2024 10.89% Share price that day 211.25 PKR. Dividends in the 12 months up to that day: 23.00 PKR (6.00 + 6.00 + 6.00 + 5.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	6.0000
This payment: 6.0000 PKR per share, ex-dividend 3 Nov 2023. On 3 Nov 2023 13.37% Share price that day 171.99 PKR. Dividends in the 12 months up to that day: 23.00 PKR (6.00 + 6.00 + 5.00 + 6.00). Today, latest close 27 Oct 2026 6.48% Share price 463.29 PKR. Dividends in the last 12 months: 30.00 PKR (10.00 + 10.00 + 10.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.

Ex-dividend dates and amounts from our market-data provider. Shown as declared, before tax. For Pakistani companies a future date appears only once our data provider 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.