Mughal Steel

Mughal Iron & Steel Industries, commonly known as Mughal Steel (Urdu: مغل اسٹیل), is a Pakistani steel company which manufactures steel products and is based in Lahore.[2][3][4]

Mughal Steel
Company typePublic
PSX: MUGHAL
IndustrySteel
Founded1950 (1950)
HeadquartersLahore, Pakistan
Area served
Pakistan
Key people
Revenue Rs. 67.390 billion (US$230 million) (2023)
Rs. 9.226 billion (US$32 million) (2023)
Rs. 3.480 billion (US$12 million) (2023)
Total assets Rs. 59.831 billion (US$210 million) (2023)
Total equity Rs. 25.372 billion (US$88 million) (2023)
Number of employees
2,250 (2023)
Websitemughalsteel.com
Footnotes / references
Financials As of 30 June 2023 [1]

History

Mughal Steel was formed in the early 1950 as Mughal Traders. The entity then imported Iron and steel products for local consumption.[5] It was started in 1950 as Mughal Traders imported Iron and steel products.[4]

In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries.[6]

In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited.[6]

In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 34.[6][7]

Financial Performance

Mughal Iron and Steel posted profit after tax of Rs 593 million for the fiscal year 2020, which resulted in Rs 2.36 earning per share.[8]

References
  1. "Mughal Steels Annual Report 2023". Retrieved 22 May 2024.
  2. "Mughal Steel to invest Rs1 billion for expansion". The Express Tribune. 28 February 2017. Retrieved 12 May 2020.
  3. "Mughal Steel posts Rs991mln in profit". The News International. 19 September 2017. Retrieved 12 May 2020.
  4. "Mughal Steel". www.mughalsteel.com.
  5. "Mughal Steel".
  6. "Mughal Iron and Steel Industries". Business Recorder. 30 March 2016. Retrieved 12 May 2020.
  7. "View from McLeod Road: Why the market is excited about the Mughal Steel IPO". The Express Tribune. 8 March 2015.
  8. Correspondent, Our Equities (18 September 2020). "DGKC bleeds Rs2.1bn". DAWN.COM. Retrieved 25 September 2020.


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