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Waves Corporation Limited WAVES

Market closed

Rs 9.27

+0.50 (+5.70%)

Vol2,271,721Updated15:507 Oct 2026

At a Glance

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

Consolidated snapshot

Waves Corporation Limited (WAVES) is a Cable & Electrical Goods company listed on the Pakistan Stock Exchange. As of 07 Oct 2026, WAVES last traded at Rs 9.27 (+5.70% on the day) with a market cap of Rs 2.43B and a free float of 70.0%. Over the last 12 months the stock has returned -29.1%. The stock trades at a P/E of 4.7x.

Prices through 07 Oct 2026 · FY data through FY25 · Quarterly through Jun-26

4.7x
Rs 1.85
1Y Return
-29.1%
Rs 2.43B

Price & Performance

Closing prices across timeframes, returns, and range context

WAVES — Price History

Daily closing series · toggle period below

1M Return-13.6%
3M Return-24.0%
6M Return-8.7%
1Y Return-29.1%
Day's Range100% of range
Rs 9.27
LowRs 8.55
HighRs 8.93
52-Week Range9% of range
Rs 9.27
LowRs 8.55
HighRs 16.95

Key Metrics

Valuation, profitability, structure, and risk in one grid

4.7xTrailing annual EPS
Rs 1.85Latest annual · basic
—Book value n/a
—No recent payout
1.12Higher than market
Rs 2.43BSmall cap
70.0%196.98M 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

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

WAVES's market capitalisation stands at Rs 2.43B as of 05 Oct 2026 — down 25.0% over the past 12 months (from Rs 3.45B).

Financial Statements

How WAVES's income and balance sheet have evolved

PKR MillionsJun-26Mar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Trend
Net Sales / Revenue—1,1961,2358561,4991,189853733
Cost of Sales—8519465711,072846611479
Gross Profit—345289285427343241254
Administrative Expenses9.478512494909714479
Operating Profit136.11175085160115-7141
EBITDA—21718419318022332119
Other Income358.342034733203801911,44796
Financial Charges114.613020510921810557427
Profit Before Tax21.5152-158247282192717127
Taxation0113279568823
Profit After Tax21.5142-126239273136805104
EPS - Basic (Rs)Rs 0.08Rs 0.50Rs 0.55Rs 0.30Rs 0.61Rs 0.39Rs 2.81Rs 0.37

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 margin11.9%
Gross profit margin28.8%
EBITDA margin18.1%
EBIT margin9.8%

Net profit margin

Net profit ÷ revenue · %

0.0%23.6%47.2%70.8%94.4%14.2%Sep-24Dec-24Mar-25Jun-25Sep-25-10.2%Dec-2511.9%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio1.70
Quick ratio1.14
Cash ratio0.10
Asset turnover0.05x
Effective tax rate7.2%

Current ratio

Current assets ÷ current liabilities

0.000.581.171.752.331.48Sep-24Dec-24Mar-25Jun-252.33Sep-251.70Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 2.43B

Rs 4.63BRs 3.26BRs 1.89BRs 521.28MOct 25Dec 25Jan 26Apr 26Jun 26Aug 26Rs 2.59B

Valuation & Capital Returns

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

Latest · Mar-26

RatioValue
Price to earnings18.92x
Price to book0.20x
EV / EBITDA42.50x
Price to sales2.23x

Price to earnings

Period-end price ÷ EPS · times

0.00x9.95x19.90x29.85x39.80x16.38xSep-24Dec-24Mar-25Jun-25Sep-2524.31xDec-2518.92xMar-26Period
Earlier periodsLatest period

Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 8.97) is below the 30-day SMA (Rs 9.30). RSI at 49 sits in the neutral band.

As of07 Oct 2026

PeriodValuevs CurrentPosition
SMA 10Rs 8.97-3.24%Above
SMA 30Rs 9.30+0.31%Below
SMA 60Rs 9.88+6.60%Below
SMA 200Rs 11.10+19.75%Below
49Neutral
0 · Oversold305070100 · Overbought

At 49, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bullish Cross
  • MACD-0.23
  • Signal-0.27
  • Histogram+0.04
R2Resistance 2
Rs 10.32
11.4%
R1Resistance 1
Rs 9.76
5.3%
NOWCurrent
Rs 9.27
S1Support 1
Rs 8.58
-7.5%
S2Support 2
Rs 7.96
-14.1%

Leverage Insights

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

Rs 3.46M
Margin Trading System
Rs 73.44M
Margin financing
Rs 76.89M
-2.42% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

As of 05 Oct 2026

No blank sales

No net blank (short) sales reported for WAVES 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 %90.40%Most recent print
Average · 3M74.52%Mean over window
Change · 3M+65.05%First → last
Range · 3M4.7–98.9%Low–high

Settlement % Trajectory

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

As of 05 Oct 2026

Price vs Settlement

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

Share Structure & Capital

Float composition, capital base, and enterprise value

Free float · 70.0%Non-float · 30.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 2.81B
Total Shares281.41M
196.98M
70.0%
Year EndDec
Enterprise Value—

About the Company

Business description, governance, and corporate information

Waves Corporation Limited (Formerly Waves Singer Pakistan Limited) was incorporated in Pakistan under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) as a public company limited. The Company is principally engaged in the manufacturing and assembly of domestic consumer appliances along with retailing and trading of the same and other light engineering products.

Shariah CompliantCable & Electrical Goods

Corporate Information

  • RegistrarM/s Corplink (Pvt) Limited Wings Arcade, 1-K, Commercial Model Town Lahore
  • AuditorM/s Rizwan and Company, Chartered Accountants
  • Websitewww.waves.net.pk
  • Address9 KM, Multan Road , Hanjerwal Lahore
  • SectorCable & Electrical Goods
  • Financial Year EndDecember

Key People

NameRole
HAHaroon Ahmad Khan
CEO
MZMuhammad Zafar Hussain
Chairperson
ABAhmad Bilal Zulfiqar
Company Secretary

Recent Announcements

Latest company filings as reported on PSX

Filings and disclosures from the PSX announcement feed

Peers in Cable & Electrical Goods

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

WAVES vs Cable & Electrical Goods sector median

Median across 7 sector constituents · nulls excluded per metric

MetricWAVESSector median
4.7x11.6x
—0.0%
—8.3%
1-Year Return-29.1%-33.3%
Rs 2.43BRs 7.57B

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Frequently Asked Questions

The most common questions investors ask about WAVES

WAVES last traded at Rs 9.27, up 5.70% on the day, within a 52-week range of Rs 8.55–16.95. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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