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

Millat Tractors Ltd

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

PKR 280.82▲ +0.55 (0.20%)

Research report Historical data

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 Pakistan Stock Exchange (PSX) 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 #490 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.

TrendWeak

3/100

Below its long-term averages and far from its highs.

See the numbers →

Above 200-day average-35.0%

From 52-week high-55.3%

MomentumWeak

24/100

Lagging most stocks on this exchange.

See the numbers →

3-month return-4.7%

6-month return-44.8%

12-month, skipping last month-40.6%

Stability (higher is calmer)Weak

7/100

Volatile, with deep drawdowns.

See the numbers →

Volatility, 1 year (lower is calmer)126.2%

Worst drawdown, 1 year (smaller is calmer)-55.5%

LiquidityStrong

82/100

Trades actively.

See the numbers →

Avg daily value traded55.19M PKR

Zero-volume days0.0%

IncomeFair

66/100

Dividend is typical for this exchange.

See the numbers →

Dividend yield7.1%

Years with dividends5

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

Below its 200-day average

Versus its 50- and 200-day averages

52-week range

245.95 – 636.99

Price is 9% of the way up

Returns

−4.7% 3m · −44.0% 1y

Price returns, dividends not included

RSI (14)

Oversold zone

Fair value estimate · limited data

PKR 322.70range of models 317.25 – 326.92

Fair +14.9% 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 326.92

P/S multiple

PKR 317.25

P/E on average earnings

PKR 323.94

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).

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: 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%	+8.0%	–	–
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)	14.3x	Bad beats 32%	9.1x	–	–
Price / sales	1.7x	Bad beats 24%	0.7x	–	–
Price risk and momentum
Volatility, 1 year	126.2%	Bad beats 1%	51.2%	–	–
Worst drawdown, 1 year	−55.5%	Bad beats 15%	−42.4%	–	–
12-month return, skipping the last month	−40.6%	Bad beats 6%	−3.6%	–	–
Liquidity
Average daily value traded	PKR 55.2M	Good beats 83%	PKR 5.1M	–	–
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

Interactive chart Historical data & CSV

52-wk range 245.95 – 636.99 Daily closes, split-adjusted

Signals

50-day average298.13

200-day average431.72

Golden/death cross (60d)None

New 52-week highNo

Bullish RSI divergenceNo

Average daily range (ATR)5.70

Technical summary

Daily

Bearish

4 bullish · 0 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	290.1	Bearish
EMA 10	287.5	Bearish
SMA 20	293.6	Bearish
EMA 20	291.8	Bearish
SMA 50	298.1	Bearish
EMA 50	303.6	Bearish
SMA 100	332.2	Bearish
EMA 100	339.6	Bearish
SMA 200	431.7	Bearish
EMA 200	399.0	Bearish

Oscillators (daily)

RSI (14)	28.87	Bullish
MACD (12, 26)	-4.83	Bearish
Momentum (12)	-5.99	Bearish
Stochastic %K (14)	17.21	Bullish
Williams %R (14)	-82.79	Bullish
CCI (20)	-168.2	Bullish

Pivot points (classic, last session)

270.8

273.4

277.1

Pivot

279.7

283.4

286.0

289.7

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

7.12%

Frequency

Annual

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
	20.0000
This payment: 20.0000 PKR per share, ex-dividend 3 Mar 2026. On 3 Mar 2026 7.16% Share price that day 488.51 PKR. Dividends in the 12 months up to that day: 35.00 PKR (20.00 + 15.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	15.0000
This payment: 15.0000 PKR per share, ex-dividend 15 Oct 2025. On 15 Oct 2025 11.61% Share price that day 516.85 PKR. Dividends in the 12 months up to that day: 60.00 PKR (15.00 + 45.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	45.0000
This payment: 45.0000 PKR per share, ex-dividend 3 Mar 2025. On 3 Mar 2025 7.35% Share price that day 612.59 PKR. Dividends in the 12 months up to that day: 45.00 PKR. Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	25.0000
This payment: 25.0000 PKR per share, ex-dividend 8 Mar 2024. On 8 Mar 2024 6.71% Share price that day 596.15 PKR. Dividends in the 12 months up to that day: 40.00 PKR (25.00 + 15.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	15.0000
This payment: 15.0000 PKR per share, ex-dividend 18 Oct 2023. On 18 Oct 2023 5.71% Share price that day 455.02 PKR. Dividends in the 12 months up to that day: 26.00 PKR (15.00 + 11.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 2 Mar 2023. On 2 Mar 2023 6.96% Share price that day 503.14 PKR. Dividends in the 12 months up to that day: 35.00 PKR (11.00 + 24.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	24.0000
This payment: 24.0000 PKR per share, ex-dividend 19 Oct 2022. On 19 Oct 2022 10.94% Share price that day 712.85 PKR. Dividends in the 12 months up to that day: 78.00 PKR (24.00 + 54.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	54.0000
This payment: 54.0000 PKR per share, ex-dividend 7 Mar 2022. On 7 Mar 2022 14.90% Share price that day 764.91 PKR. Dividends in the 12 months up to that day: 114.00 PKR (54.00 + 60.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	60.0000
This payment: 60.0000 PKR per share, ex-dividend 21 Oct 2021. On 21 Oct 2021 6.13% Share price that day 1,794.32 PKR. Dividends in the 12 months up to that day: 110.00 PKR (60.00 + 50.00). Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	50.0000
This payment: 50.0000 PKR per share, ex-dividend 10 Mar 2021. Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	30.0000
This payment: 30.0000 PKR per share, ex-dividend 16 Oct 2020. Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.
	20.0000
This payment: 20.0000 PKR per share, ex-dividend 10 Mar 2020. Today, latest close 27 Oct 2026 7.12% Share price 280.82 PKR. Dividends in the last 12 months: 20.00 PKR. 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.