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XStocksXray
Market X-Ray report · 27 October 2026

Thal Industries Corporation Ltd (TICL)

Pakistan Stock Exchange (PSX) · Pakistan · prices in PKR · close of 27 Oct 2026

Key indicators

Last closePKR 767.99
52-week range575.55 – 1,520.00
Return, 1 month / 3 months−24.1% / −24.5%
Return, 1 year / 3 years+24.5% / +171.3%
TrendBelow its 200-day average
RSI (14)29
Volatility (1 year)60.3%
Worst drawdown (1 year)-49.2%
Average daily value traded2.39M PKR
Dividend yield1.3%

Market X-Ray price-based

39/ 100 · High confidence · ahead of 24% of stocks on this exchange
Trend42
Momentum43
Stability (higher is calmer)29
Liquidity42
Income38

Fair value limited data

Average of 3 modelsPKR 881.56Model uncertainty High
Versus priceFair+15% to fair value

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

1314868421,1971,553Fair value $8822021-102023-012024-112025-112026-10

About the company

The Thal Industries Corporation Limited is a company that produces and sells refined sugar together with the by-products that come from making it. Refined sugar is the white, purified sweetener obtained by processing raw sugar to remove impurities and colour, and it is used in food and drink products as well as in the home. The by-products arise alongside that refining process and are sold as well.

The shares are listed on the Pakistan Stock Exchange (PSX) under the code TICL, and the price on this page is in Pakistani rupees (PKR). Our dividend records, which start in 2019, show payments in 7 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

Thal Industries Corporation Ltd (TICL) trades on the Pakistan Stock Exchange (PSX) in Pakistan. It last closed at PKR 767.99 on 27 October 2026.

Its price-based Market X-Ray is 39 out of 100 (a weak price profile), ranking 411 of 542 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 rose 24.5% and over the last three months it fell 24.5%. Returns are price returns, dividends not included.

Our limited-data fair value is PKR 881.56 (Fair, +14.8% 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.

stocksxray.com · page 1
XStocksXray
Thal Industries Corporation Ltd (TICL)

The five lenses in numbers each metric is ranked against the other stocks on Pakistan Stock Exchange (PSX)

Lens and metricValueScoreReading
Trend42 · WeakBelow its long-term averages and far from its highs.
Above 200-day average-13.5%
From 52-week high-48.0%
Momentum43 · WeakLagging most stocks on this exchange.
3-month return-24.5%
6-month return-14.0%
12-month return, skipping the last month64.1%
Stability (higher is calmer)29 · WeakVolatile, with deep drawdowns.
Volatility, 1 year (lower is calmer)60.3%
Worst drawdown, 1 year (smaller is calmer)-49.2%
Liquidity42 · WeakThinly traded: prices can jump and exits can be hard.
Average daily value traded2.39M PKR
Zero-volume days0.0%
Income38 · WeakDividend is small or irregular.
Dividend yield1.3%
Years with dividends5

Strengths

No lens stands out as a clear strength against its exchange.

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.
  • Liquidity: Thinly traded: prices can jump and exits can be hard.
  • Income: Dividend is small or irregular.

Returns

1 week−1.8%
1 month−24.1%
3 months−24.5%
6 months−14.0%
1 year+24.5%
3 years+171.3%
5 years+174.8%

Signals

50-day / 200-day average1,006.77 / 888.29
Golden / death cross (60 days)None
New 52-week highNo
Bullish RSI divergenceNo
Average daily range (ATR)39.51

Technical summary

DailyStrongly bearish1 bullish · 3 neutral · 12 bearish
WeeklyBearish3 bullish · 1 neutral · 8 bearish
MonthlyBullish5 bullish · 1 neutral · 2 bearish

Recent dividends

Ex-dividend dateAmount per share
15 Jan 2026PKR 10.0000
16 Jan 2025PKR 2.5000
17 Jan 2024PKR 5.0000
16 Jan 2023PKR 3.5000
17 Jan 2022PKR 3.0000
15 Jan 2021PKR 3.0000

Fair value models PSX income statement only (no balance sheet or cash flow): only earnings, sales and dividend models can be built

P/E multiplePKR 852.35
P/S multiplePKR 922.32
P/E on average earningsPKR 870.02

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 Pakistan Stock Exchange (PSX); 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.

stocksxray.com · page 2 · generated 28 Oct 2026