47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

Pakistan Economic Survey 2011-12The total paid up capital of this sector is Rs.68,858.86 million and the market capitalization ofRs. 51,638.25 million. The total profit after tax wasRs. 2,828.473 million in year 2011.Food ProducersThis sector comprises of 57 companies (mostlysugar related) with total paid up capital of Rs.20,476.29 million and market capitalization of Rs.383,406.15 million. The profit after tax of thissector was Rs.16, 462.50 million in year 2011.Commercial BanksThe sector comprises of 23 listed banks with listedcapital of Rs. 382,507 million and marketcapitalization of Rs. 774,521.13 million. The totalprofit after tax of this sector increased to Rs.104,213.46 million from Rs. 65,060.58 million inyear 2010.Pharmaceuticals and Bio TechThe sector comprises of 9 listed pharmaceuticalcompanies with paid up capital of Rs. 4,955.77million; whereas the market capitalization was Rs.33,509.46 million. The total profit after tax of thissector was Rs. 4,041.26 million.Performance of some Blue ChipsDuring July-March 2011-2012, the total paid upcapital of fifteen big companies (Oil & GasDevelopment Company Limited, PakistanPetroleum Limited, Nestle Pakistan Limited, FaujiFertilizer Company Limited, Habib Bank Limited,MCB Bank Limited, Pakistan Oilfields Limited,Unilever Pakistan Limited, National Bank ofPakistan, United Bank Limited, Allied BankLimited, FATIMA Fertilizer Limited, FajuiFertilizer Bin Qasim limited, Hub Power CompanyLimited and Pakistan Telecommunication Limited)was Rs. 215.87 billion, which constituted 20.7percent of the total listed capital at KSE.These fifteen companies earned a profit aftertaxation of Rs.248.19 billion in the fiscal year upto March 2012. Out of the total profit after tax, theshare of OGDCL and PPL was Rs. 94.98 billionrepresenting 38.3 percent of the fifteen bigcompanies. For the period ending March 31, 2012,earnings per share for the top rated companiesranged from a 1.46 in the case of PTCL to 307.98in respect of Unilever Pakistan. This indicates thatthe business environment in the current fiscal yearhas improved considerably for the blue chipcompanies (Table 6.3).Table 6.3: Price to Earnings Ratio of Top Fifteen CompaniesName of CompanyProfit AfterTax in(Rs. billion)Paid upCapital(Rs. billion)EPSMarket Price(Rs.)March 31,2012PE ratioMarketCapitalization(Rs. billion)Oil & Gas Development Company 63.53 43.01 14.77 167.66 11.35 721.09LimitedPakistan Petroleum Limited 31.45 11.95 26.31 182.79 6.95 218.43Nestle Pakistan Limited 4.67 0.45 102.94 4447.00 43.20 201.67Fauji fertilizer Company Limited 22.49 8.48 26.52 124.84 4.71 105.88Habib Bank Limited 20.74 11.02 18.82 111.37 5.92 122.74MCB Bank Limited 19.42 8.36 23.23 175.44 7.55 146.71Pakistan Oilfields Limited 10.82 2.37 45.72 365.24 7.99 86.40Unilever Pakistan Limited 4.09 0.66 307.98 5601.00 18.19 74.46National Bank of Pakistan 17.60 16.82 10.47 45.62 4.36 76.30United Bank Limited 15.50 12.24 12.66 76.68 6.21 93.18Allied Bank Limited 10.14 8.60 11.79 63.92 5.42 54.99FATIMA Fertilizer Limited 4.12 20.00 2.06 23.72 11.52 47.44Fajui Fertilizer Bin Qasim limited 10.77 9.34 11.53 41.57 3.61 38.83The Hub Power Company Limited 5.42 11.57 4.69 37.63 8.03 43.54Pakistan TelecommunicationLimitedSource: Karachi Stock Exchange7.43 51.00 1.46 12.31 8.45 62.7886