Company type | Public |
---|---|
PSX: MUGHAL | |
Industry | Steel |
Founded | 1950 |
Headquarters | Lahore, 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) |
Website | mughalsteel |
Footnotes / references Financials As of 30 June 2023[update] [1] |
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 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]
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]