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PIA Holding Company Limited PIAHCLA

Market open

Rs 21.30

+0.27 (+1.28%)

Vol448,526Updated14:5918 Sep 2026

At a Glance

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

Consolidated snapshot

PIA Holding Company Limited (PIAHCLA), commonly searched as PIA (Pakistan International Airlines), is an Inv. Banks / Inv. Cos. / Securities Cos. company listed on the Pakistan Stock Exchange. As of 18 Sep 2026, PIAHCLA last traded at Rs 21.30 (+1.28% on the day) with a market cap of Rs 110.07B and a free float of 3.6%. Over the last 12 months the stock has returned +6.4%.

Prices through 18 Sep 2026 · FY data through FY22 · Quarterly through Jun-25

Rs -16.82
1Y Return
+6.4%
Rs 110.07B

Price & Performance

Closing prices across timeframes, returns, and range context

PIAHCLA — Price History

Daily closing series · toggle period below

1M Return-21.8%
3M Return-24.8%
6M Return+4.7%
1Y Return+6.4%
Day's Range91% of range
Rs 21.30
LowRs 20.90
HighRs 21.34
52-Week Range15% of range
Rs 21.30
LowRs 16.30
HighRs 49.65

Key Metrics

Valuation, profitability, structure, and risk in one grid

Loss-making · P/E n/m
Rs -16.82Latest annual · basic
Book value n/a
No recent payout
0.93Lower than market
Rs 110.07BLarge cap
3.6%189.14M shares
Ratio n/a
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

2018
Rs 0.00
2019
Rs 0.00
2020
Rs 0.00
2021
Rs 0.00
2022
Rs 0.00

Financials & Earnings

Income, balance sheet, and key ratios from published accounts

PIAHCLA's market capitalisation stands at Rs 110.07B as of 17 Sep 2026 up 6.1% over the past 12 months (from Rs 103.79B).

Financial Statements

How PIAHCLA's income and balance sheet have evolved

PKR MillionsJun-25Mar-25Sep-23Jun-23Mar-23Dec-22Sep-22Jun-22Trend
Net Sales / Revenue65,094.9765,004.4766,17161,22059,05851,39549,44836,681
Cost of Sales52,617.151,062.756,91454,87054,15651,02249,61242,315
Gross Profit12,477.8813,941.779,2576,3504,902373-164-5,633
Administrative Expenses3,316.383,064.322,2822,0131,7531,7331,7041,473
Operating Profit8,649.858,306.644,8221,9961,157-3,046-3,412-8,627
EBITDA8,3955,5694,80166450-2,286
Other Income2,119.69466.473,5001,1325481,7533922,230
Financial Charges14,229.3413,881.4621,46620,05816,76415,01613,83711,392
Profit Before Tax2,046.05-7,030.93-13,604-24,383-36,332-20,027-25,171-27,983
Taxation3,901.981,309.39533459443587371275
Profit After Tax-1,855.92-8,340.33-14,138-24,843-36,775-20,613-25,542-28,258
EPS - Basic (Rs)Rs -1.59Rs -2.70Rs -4.75Rs -7.03Rs -3.94Rs -4.88Rs -5.40

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 · Sep-23

RatioValue
Net profit margin-21.4%
Gross profit margin14.0%
EBITDA margin12.7%
EBIT margin7.3%

Net profit margin

Net profit ÷ revenue · %

0.0%0.0%0.0%0.0%0.0%-77.0%Jun-22Sep-22Dec-22Mar-23-40.6%Jun-23-21.4%Sep-23Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Jun-25

RatioValue
Current ratio0.15
Quick ratio0.08
Cash ratio0.05
Asset turnover0.16x

Current ratio

Current assets ÷ current liabilities

0.000.040.070.110.150.13Mar-23Jun-23Sep-230.12Mar-250.15Jun-25Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 110.07B

Rs 249.28BRs 175.55BRs 101.82BRs 28.09BSep 25Nov 25Jan 26Mar 26May 26Jul 26Rs 110.07B

Valuation & Capital Returns

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

Latest · Jun-25

RatioValue
Price to sales1.74x

Price to sales

Market cap ÷ revenue · times

0.00x0.43x0.87x1.30x1.74x1.43xMar-251.74xJun-25Period
Earlier periodsLatest period

Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 22.69) is below the 30-day SMA (Rs 25.43). RSI at 21 is in oversold territory.

As of17 Sep 2026

PeriodValuevs CurrentPosition
SMA 10Rs 22.69+6.52%Below
SMA 30Rs 25.43+19.41%Below
SMA 60Rs 27.10+27.21%Below
SMA 200Rs 27.08+27.15%Below
21Oversold
0 · Oversold305070100 · Overbought

At 21, momentum is compressed — below 30 may signal a reversal.

MACD
Bearish Cross
  • MACD-1.63
  • Signal-1.26
  • Histogram-0.37
R2Resistance 2
Rs 30.68
44.0%
R1Resistance 1
Rs 25.85
21.4%
NOWCurrent
Rs 21.30
S1Support 1
Rs 18.45
-13.4%
S2Support 2
Rs 15.88
-25.5%

Leverage Insights

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

Not MTS-eligible
Rs 41.23M
-38.91% MoMMargin financing
Rs 41.23M
-38.91% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

Rs 82.76M
Futures blank sales (Rs)
32.18%
Blank sale ÷ OI
43.75%
Blank sale ÷ free float

Futures Blank Sale Insights

Blank sale value vs OI and free float

Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %61.09%Most recent print
Average · 3M59.25%Mean over window
Change · 3M+15.33%First → last
Range · 3M26.1–90.2%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 · 3.6%Non-float · 96.4%

Free float vs locked-in holdings

Paid-Up CapitalRs 52.34B
Total Shares5.23B
189.14M
3.6%
Year EndDec
Enterprise Value

About the Company

Business description, governance, and corporate information

PIA Holding Company Limited (PIAHCL) is a public limited company incorporated under the laws of Pakistan and is currently majority - owned by the Government of Pakistan ("GOP"). PIAHCL has been established by the Government of Pakistan to succeed in specified assets, liabilities, and subsidiaries of Pakistan International Airlines Corporation Limited ('PIACL") including specific business, property, rights, liabilities, and obligations of PIACL.

Inv. Banks / Inv. Cos. / Securities Cos.

Corporate Information

  • RegistrarM/s CDC Share Registrar Services Limited, CDC House, 99 - B, Block B, S.M.C.H.C. Main Shahrah - e - Faisal, Karachi
  • AuditorGrant Thornton Anjum Rahman Chartered Accountant
  • Websitewww.piahcl.com.pk
  • Address4th Floor, PIA Building, 49-AKM Fazal-e-Haq Road, Blue Area, Islamabad
  • SectorInv. Banks / Inv. Cos. / Securities Cos.
  • Financial Year EndDecember

Key People

NameRole
ARAsad Rasool
CEO
TBTariq Bajwa
Chairperson
AJAdil Jamal (Acting)
Company Secretary

Recent Announcements

Latest company filings as reported on PSX

Filings and disclosures from the PSX announcement feed

Peers in Inv. Banks / Inv. Cos. / Securities Cos.

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

PIAHCLA vs Inv. Banks / Inv. Cos. / Securities Cos. sector median

Median across 35 sector constituents · nulls excluded per metric

MetricPIAHCLASector median
9.3x
4.3%
9.1%
1-Year Return+6.4%+20.5%
Rs 110.07BRs 2.28B

Frequently Asked Questions

The most common questions investors ask about PIAHCLA

PIAHCLA is trading at Rs 21.30, up 1.28% on the day, within a 52-week range of Rs 16.30–49.65, from the 15-minute snapshot taken at 15:00 PKT. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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