Millat Tractors Ltd (MTL)
Karachi Stock Exchange · Pakistan · prices in PKR · close of 22 Oct 2026
Key indicators
| Last close | PKR 283.86 |
|---|---|
| 52-week range | 245.95 – 636.99 |
| Return, 1 month / 3 months | −4.7% / −1.0% |
| Return, 1 year / 3 years | −45.3% / −37.0% |
| Trend | Below its 200-day average |
| RSI (14) | 29 |
| Volatility (1 year) | 163.1% |
| Worst drawdown (1 year) | -54.8% |
| Average daily value traded | 57.76M PKR |
| Dividend yield | 7.0% |
Market X-Ray price-based
Fair value limited data
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
About the company
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.
Summary
Millat Tractors Ltd (MTL) trades on the Karachi Stock Exchange in Pakistan. It last closed at PKR 283.86 on 22 October 2026.
Its price-based Market X-Ray is 28 out of 100 (a weak price profile), ranking 440 of 494 stocks on this exchange. The score describes how the 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.
Over the last year the price fell 45.3% and over the last three months it fell 1.0%. Returns are price returns, dividends not included.
Our limited-data fair value is PKR 324.78 (Fair, +14.4% to fair value). It averages 3 models built from the earnings and sales this exchange publishes. Their weights were fitted to a professional consensus-style valuation of Pakistani stocks and checked on stocks left out of the fit, but no analyst forecasts are used, so read it as a rough range.
The five lenses in numbers each metric is ranked against the other stocks on Karachi Stock Exchange
| Lens and metric | Value | Score | Reading |
|---|---|---|---|
| Trend | 3 · Weak | Below its long-term averages and far from its highs. | |
| Above 200-day average | -34.8% | ||
| From 52-week high | -54.8% | ||
| Momentum | 27 · Weak | Lagging most stocks on this exchange. | |
| 3-month return | -1.0% | ||
| 6-month return | -45.1% | ||
| 12-month return, skipping the last month | -42.6% | ||
| Stability (higher is calmer) | 8 · Weak | Volatile, with deep drawdowns. | |
| Volatility, 1 year (lower is calmer) | 163.1% | ||
| Worst drawdown, 1 year (smaller is calmer) | -54.8% | ||
| Liquidity | 81 · Strong | Trades actively. | |
| Average daily value traded | 57.76M PKR | ||
| Zero-volume days | 0.0% | ||
| Income | 65 · Fair | Dividend is typical for this exchange. | |
| Dividend yield | 7.0% | ||
| Years with dividends | 5 |
Strengths
- Liquidity: Trades actively.
Weak spots
- Trend: Below its long-term averages and far from its highs.
- Momentum: Lagging most stocks on this exchange.
- Stability (higher is calmer): Volatile, with deep drawdowns.
Returns
| 1 week | −5.6% |
|---|---|
| 1 month | −4.7% |
| 3 months | −1.0% |
| 6 months | −45.1% |
| 1 year | −45.3% |
| 3 years | −37.0% |
| 5 years | +150.7% |
Signals
| 50-day / 200-day average | 299.55 / 435.55 |
|---|---|
| Golden / death cross (60 days) | None |
| New 52-week high | No |
| Bullish RSI divergence | No |
| Average daily range (ATR) | 5.34 |
Technical summary
Recent dividends
| Ex-dividend date | Amount per share |
|---|---|
| 3 Mar 2026 | PKR 20.0000 |
| 15 Oct 2025 | PKR 15.0000 |
| 3 Mar 2025 | PKR 45.0000 |
| 8 Mar 2024 | PKR 25.0000 |
| 18 Oct 2023 | PKR 15.0000 |
| 2 Mar 2023 | PKR 11.0000 |
Fair value models PSX income statement only (no balance sheet or cash flow): only earnings, sales and dividend models can be built
| P/E multiple | PKR 329.80 |
|---|---|
| P/S multiple | PKR 317.41 |
| P/E on average earnings | PKR 327.12 |
How to read this report
Every number comes from end-of-day prices and dividends and the earnings and sales this exchange publishes. The Market X-Ray describes how the stock has traded, ranked against the other stocks on Karachi Stock Exchange; it does not measure how healthy or cheap the business is. The fundamental X-Ray (financial health, valuation, growth) needs financial statements, which we hold today for US stocks. See the methodology page. Educational only, not financial advice.