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Frontier Ceramics Limited FRCL

Market closed

Rs 79.05

-3.46 (-4.19%)

Vol372Updated16:1518 Sep 2026

At a Glance

The headline take on FRCL — valuation, income, returns, and efficiency

Consolidated snapshot

Frontier Ceramics Limited (FRCL) is a Glass & Ceramics company listed on the Pakistan Stock Exchange. As of 18 Sep 2026, FRCL last traded at Rs 79.05 (-4.19% on the day) with a market cap of Rs 3.12B and a free float of 5.0%. Over the last 12 months the stock has returned +83.6%. The stock trades at a P/E of 21.2x.

Prices through 18 Sep 2026 · FY data through FY25 · Quarterly through Mar-26

21.2x
Rs 3.89
1Y Return
+83.6%
Rs 3.12B

Price & Performance

Closing prices across timeframes, returns, and range context

FRCL — Price History

Daily closing series · toggle period below

1M Return-17.5%
3M Return+1.7%
6M Return+22.2%
1Y Return+83.6%
Day's Range0% of range
Rs 79.05
LowRs 81.10
HighRs 89.21
52-Week Range50% of range
Rs 79.05
LowRs 40.02
HighRs 118.45

Key Metrics

Valuation, profitability, structure, and risk in one grid

21.2xTrailing annual EPS
Rs 3.89Latest annual · basic
1.56xBook Rs 50.75
No recent payout
0.19Lower than market
Rs 3.12BSmall cap
5.0%1.89M shares
0.00Low leverage
8.0%Latest annual
Rs 10Per share

Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

Latest Payout

Per Share
Yield (last FY)
Payout Ratio
Announced

Dividend Per Share Trend

2021
Rs 0.00
2022
Rs 0.00
2023
Rs 0.00
2024
Rs 0.00
2025
Rs 0.00

Financials & Earnings

Income, balance sheet, and key ratios from published accounts

FRCL's market capitalisation stands at Rs 3.12B as of 17 Sep 2026 up 91.0% over the past 12 months (from Rs 1.64B).

Financial Statements

How FRCL's income and balance sheet have evolved

PKR MillionsMar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Jun-24Trend
Net Sales / Revenue1,1791,2601,1551,1321,1901,0521,017996
Cost of Sales1,0611,1821,0539391,0929909691,079
Gross Profit11777102193976248-82
Administrative Expenses1213131511111112
Operating Profit1016086175834733-98
EBITDA14910813322913710087-33
Other Income2823712212
Financial Charges811671101224
Profit Before Tax1127769166723315-110
Taxation2225259932195
Profit After Tax9052446739356-105
EPS - Basic (Rs)Rs 2.36Rs 1.37Rs 1.17Rs 1.78Rs 1.04Rs 0.92Rs 0.15Rs -2.78

Showing 8 of 8 quarters · scroll horizontally to see more periods.

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · Mar-26

RatioValue
Net profit margin7.6%
Gross profit margin9.9%
EBITDA margin12.6%
EBIT margin8.6%

Net profit margin

Net profit ÷ revenue · %

0.0%1.9%3.8%5.7%7.6%-10.5%Jun-24Sep-24Dec-24Mar-25Jun-25Sep-254.1%Dec-257.6%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio0.86
Quick ratio0.08
Cash ratio0.07
Asset turnover0.24x
Effective tax rate19.6%

Current ratio

Current assets ÷ current liabilities

0.000.210.430.640.860.65Sep-24Dec-24Mar-25Jun-25Sep-250.79Dec-250.86Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 3.12B

Rs 4.36BRs 3.07BRs 1.78BRs 491.14MSep 25Oct 25Dec 25Mar 26May 26Jul 26Rs 3.12B

Valuation & Capital Returns

What the market is paying for FRCL, and what it returns to shareholders

Latest · Mar-26

RatioValue
Price to earnings26.93x
Price to book1.14x
EV / EBITDA15.01x
Price to sales2.04x

Price to earnings

Period-end price ÷ EPS · times

0.00x31.88x63.77x95.65x127.53x127.53xSep-24Dec-24Mar-25Jun-25Sep-2558.49xDec-2526.93xMar-26Period
Earlier periodsLatest period

Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 85.05) is below the 30-day SMA (Rs 93.20). RSI at 35 sits in the neutral band.

As of17 Sep 2026

PeriodValuevs CurrentPosition
SMA 10Rs 85.05+7.58%Below
SMA 30Rs 93.20+17.90%Below
SMA 60Rs 95.24+20.48%Below
SMA 200Rs 81.73+3.38%Below
35Neutral
0 · Oversold305070100 · Overbought

At 35, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-4.10
  • Signal-2.96
  • Histogram-1.14
R2Resistance 2
Rs 121.42
53.6%
R1Resistance 1
Rs 101.96
29.0%
NOWCurrent
Rs 79.05
S1Support 1
Rs 71.10
-10.1%
S2Support 2
Rs 59.70
-24.5%

Leverage Insights

MTS, margin financing, futures open interest, and combined exposure

Not MTS-eligible
Rs 1.56M
-16.57% MoMMargin financing
Rs 1.56M
-16.57% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

No blank sales

No net blank (short) sales reported for FRCL on the latest PSX DFC report.

Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %55.67%Most recent print
Average · 3M89.55%Mean over window
Change · 3M+7.43%First → last
Range · 3M50.6–100.0%Low–high

Settlement % Trajectory

Solid = UIN settlement % · Dashed = 14-session EMA

As of 17 Sep 2026

Price vs Settlement

Close price (left axis) · UIN settlement % (right axis)

Share Structure & Capital

Float composition, capital base, and enterprise value

Free float · 5.0%Non-float · 95.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 378.74M
Total Shares37.87M
1.89M
5.0%
Year EndJun
Enterprise Value

About the Company

Business description, governance, and corporate information

Frontier Ceramics Limited was incorporated in July 1982 as Public Limited Company. The Principle activities of the company are manufacturing of ceramic tiles, sanitary wares and related cermic products.

Shariah CompliantGlass & Ceramics

Corporate Information

  • RegistrarCentral Depository Company of Pakistan Ltd CDC House, 99-B, Block B, S.M.C.H.S, Main Sharah-e-Faisal, Karachi.
  • AuditorM/S BDO Ebrahim & Co Chartered Accountants.
  • Websitewww.forte.com.pk
  • AddressToyota Rawal Motors Building, Swan Camp, Rawalpindi
  • SectorGlass & Ceramics
  • Financial Year EndJune

Key People

NameRole
NKNadeem Khalid
CEO
SAShabina Anjum
Chairperson
RKRehman Khan Sherwani
Company Secretary

Recent Announcements

Latest company filings as reported on PSX

Peers in Glass & Ceramics

How the cohort is moving — same-sector stocks by market cap

FRCL vs Glass & Ceramics sector median

Median across 8 sector constituents · nulls excluded per metric

MetricFRCLSector median
21.2x6.8x
0.0%0.0%
8.0%13.6%
1-Year Return+83.6%-26.5%
Rs 3.12BRs 4.66B

Frequently Asked Questions

The most common questions investors ask about FRCL

FRCL last traded at Rs 79.05, down 4.19% on the day, within a 52-week range of Rs 40.02–118.45. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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