Chashma Sugar Mills Limited
By PSX Investors Zone · Updated October 22, 2026
Chashma Sugar Mills Limited (CHAS) is a Pakistan Stock Exchange-listed company engaged in the production and sale of sugar, ethanol and allied products. For the financial year ended September 30, 2025, it reported standalone revenue of approximately Rs.24.90 billion and a loss after tax of approximately Rs.2.95 billion. The company was included in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026. Its PSX profile also displays a Risk Warning Alert concerning regulatory violations and potential suspension or delisting. Investors should review the latest financial statements, regulatory notices and Shariah screening before making investment decisions.
Company Overview
Chashma Sugar Mills Limited (CHAS) is a Pakistani sugar and allied-products manufacturer listed on the Pakistan Stock Exchange. The company was incorporated on May 5, 1988, and commenced commercial production on October 1, 1992.
Its principal activities include manufacturing, processing and selling sugar and allied products. Its business also includes ethanol production. The company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited.
The company’s registered office is in Mardan, Khyber Pakhtunkhwa, while its head office is located in Islamabad. Its manufacturing facilities are situated in Dera Ismail Khan and the surrounding area.
Official sources:
Latest Annual Financial Performance
For the financial year ended September 30, 2025, the company reported the following standalone results:
| Financial metric | FY2025 | FY2024 |
|---|---|---|
| Net sales | Rs.24.90 billion | Rs.32.27 billion |
| Loss after tax | Rs.2.95 billion | Rs.2.64 billion |
| Loss per share | Rs.102.77 | Rs.91.92 |
Source: PSX financial information — CHAS
These results show a decline in sales and a larger loss compared with FY2024. The company’s annual report identifies several pressures affecting performance, including sugarcane procurement costs, selling-price conditions, restrictions and delays affecting sugar exports, and lower international ethanol prices alongside higher input and freight costs.
Investors should review the complete annual report to assess segment performance, cash flow, borrowings, working capital and the sustainability of any recovery.
Latest Quarterly Performance
The PSX financial table reports the following results for the quarter ended June 30, 2026:
| Financial metric | Quarter ended June 30, 2026 |
|---|---|
| Sales | Rs.8.27 billion |
| Loss after tax | Rs.170.70 million |
| Loss per share | Rs.5.95 |
The quarter remained loss-making, although the company had reported profits in the preceding two quarters shown in the PSX financial table. A single quarter should not be treated as proof of a sustained turnaround.
Source: PSX company profile and quarterly financial information
Shariah Compliance Status
Chashma Sugar Mills Limited was included in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026. The recomposition used Shariah assessments based on company accounts as of December 31, 2025.
Sources:
Index inclusion reflects the screening applicable to that review period. It is not a permanent guarantee of Shariah compliance. Confirm the latest official PSX screening before relying on this classification. Specific screening ratios have not been included here because I could not independently verify the complete official ratio table.
Important Regulatory Risk Warning
The PSX company profile displays a Risk Warning Alert (RWA) stating that the company is in continuous violation of specified PSX regulations and faces the risk of suspension of trading or delisting, subject to the Exchange’s rules and decisions.
This warning is material information and should remain visible in the company profile while it is displayed by PSX. Check the latest company profile and regulatory announcements before publication because the warning or its status may change.
Source: PSX company profile — CHAS
What Investors Should Monitor
- Sugarcane costs: Procurement prices, cane availability and recovery rates can affect production costs and margins.
- Sugar prices and policy: Domestic pricing, export permissions and government policy may influence sales and profitability.
- Ethanol performance: International prices, input costs, freight and export-market conditions can affect the ethanol business.
- Debt and cash flow: Review borrowings, finance costs, operating cash flow and working-capital requirements.
- Regulatory status: Monitor PSX announcements regarding the Risk Warning Alert and any potential trading restrictions.
- Shariah screening: Recheck the latest official PSX eligible-scrip list before making a Shariah-based investment decision.
Frequently Asked Questions
What is the PSX symbol for Chashma Sugar Mills Limited?
Its ordinary shares trade under the symbol CHAS on the Pakistan Stock Exchange.
What does Chashma Sugar Mills Limited do?
The company manufactures and sells sugar, ethanol and other allied products.
Is Chashma Sugar Mills Limited Shariah-compliant?
It was included in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026, based on the applicable screening assessment. Investors should confirm the latest official screening before investing.
Did CHAS make a profit in FY2025?
No. Its standalone financial statements reported a loss after tax of approximately Rs.2.95 billion and a loss per share of Rs.102.77 for FY2025.
Does CHAS have a PSX regulatory warning?
Yes. The PSX company profile displays a Risk Warning Alert concerning continuous regulatory violations and potential suspension or delisting. Investors should check the latest Exchange announcements for its current status.
Disclaimer
This profile is for educational and informational purposes only. It is not a recommendation to buy or sell CHAS shares and does not guarantee returns. Financial performance, regulatory status and Shariah classifications can change. Always consult the latest official PSX disclosures, company reports and Shariah screening information before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.