Habib Rice Products Limited
By PSX Investors Zone · Updated October 24, 2026
Habib Rice Products Limited (PSX: HRPL) is a Pakistan Stock Exchange-listed manufacturer of rice-based starches, sugars and proteins. Incorporated in 1980, the company operates from Karachi and has a manufacturing facility at Hub, Balochistan. Its products serve industrial and food-related applications, making production efficiency, raw-material availability, customer demand and operating costs important factors in its performance. In FY2026, HRPL reported sales of Rs2.288 billion and a net loss of Rs87.575 million, compared with sales of Rs2.136 billion and a net loss of Rs155.712 million in FY2025. Although the loss narrowed, the company remained unprofitable. HRPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. Investors should monitor the latest financial results, cash flow, profitability and updated official Shariah screening status.
Habib Rice Products Limited (PSX: HRPL) is a Pakistan Stock Exchange-listed company engaged in producing rice-based starches, sugars and proteins. Incorporated on July 10, 1980, the company operates in Pakistan's industrial food-ingredient and allied-products market.
The company's performance depends on its ability to process raw materials efficiently, maintain product quality, serve industrial customers and manage operating expenses. Its manufacturing operations are based at Ahmad Habib Boulevard, Hub, Balochistan, while its head office is located on I.I. Chundrigar Road in Karachi.
Business Overview
Habib Rice Products produces rice-derived ingredients that can serve a range of industrial and food-related applications. Its business model is different from that of a conventional packaged-food retailer: manufacturing efficiency, product specifications, customer relationships and the cost of raw materials can have a material effect on financial performance.
Key factors to monitor include production capacity, sales volumes, selling prices, energy and processing costs, inventory management, customer demand and operating cash flow.
The Pakistan Stock Exchange classifies HRPL under Sugar & Allied Industries. This is the exchange's sector classification and does not mean that the company is solely a conventional sugar producer.
Official reference: PSX company profile.
Financial Performance
For the year ended June 30, 2026, Habib Rice Products reported higher sales and a narrower net loss than in FY2025.
| Financial Metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs2,288.052 million | Rs2,136.281 million |
| Profit after tax | -Rs87.575 million | -Rs155.712 million |
| Earnings per share | -Rs2.19 | -Rs3.89 |
| Gross profit margin | 8.77% | 7.96% |
| Net profit margin | -3.83% | -7.29% |
Sales increased by approximately 7.1% year over year. The net loss narrowed by approximately 43.8%, and the gross profit margin improved. These developments indicate an improvement compared with FY2025, but the company remained loss-making in FY2026.
The distinction between improving performance and achieving profitability is important. Investors should review the audited annual report to understand the drivers of the loss, cost structure, finance costs, working capital and operating cash flows.
Source: PSX financial results and company announcements.
Latest Quarterly Performance
The PSX financial table lists the following figures for the quarter labelled Q3 2026:
| Financial Metric | Q3 2026 | Q3 2025 |
|---|---|---|
| Sales | Rs517.925 million | Rs643.337 million |
| Profit after tax | -Rs48.945 million | -Rs2.369 million |
| EPS | -Rs1.22 | -Rs0.06 |
Sales were lower than in the corresponding quarter, while the reported loss widened. This quarterly comparison highlights why investors should review the individual quarters rather than relying only on annual totals.
The quarter's label follows the PSX financial table. Consult the original interim report for the exact period covered and the detailed explanations before drawing conclusions about the causes of the change.
Shariah Compliance
Habib Rice Products Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published on May 29, 2026. That screening exercise used financial statements as of December 31, 2025.
The published screening ratios were:
- Debt ratio: 12.55%
- Non-compliant investment ratio: 0.01%
- Non-compliant income ratio: 0.03%
- Illiquid assets ratio: 84.20%
These ratios relate to the stated screening date and methodology. They should not be represented as freshly calculated FY2026 ratios. The company separately filed mandatory Shariah disclosures for the year ended June 30, 2026, with PSX on October 6, 2026. A disclosure filing is not, by itself, a new index screening decision.
Investors seeking Shariah-compliant investments should check the latest official PSX-KMI screening and relevant Shariah-adviser announcements before making an investment decision.
Official references: PSX-KMI All Share Islamic Index recomposition and HRPL announcements.
Dividend Considerations
A dividend should be assessed against earnings, available cash, debt obligations and the company's capital requirements. HRPL's FY2026 results show a net loss, so investors should not assume that a cash dividend will be declared or maintained.
Any proposed distribution must be distinguished from a dividend approved by shareholders and from a payment confirmed by the company. Check the official PSX payout record and AGM documentation for the latest status before publishing a specific dividend amount.
Key Factors for Investors
- Revenue growth: Monitor whether sales growth continues and is supported by demand.
- Profitability: Check whether gross-margin improvement translates into a sustainable net profit.
- Production costs: Follow raw-material, energy, processing and distribution costs.
- Cash flow: Review operating cash flow, receivables, inventory and short-term obligations.
- Quarterly results: Compare each new reporting period with the corresponding period of the previous year.
- Dividend policy: Verify declarations and payment notices rather than assuming a recurring distribution.
- Shariah screening: Recheck the latest official classification because compliance status can change.
Frequently Asked Questions
What is Habib Rice Products Limited's PSX symbol?
Its Pakistan Stock Exchange symbol is HRPL.
What does Habib Rice Products Limited manufacture?
The company produces rice-based starches, sugars and proteins for industrial and food-related applications.
Was HRPL profitable in FY2026?
No. The company reported a net loss of Rs87.575 million and EPS of -Rs2.19 for FY2026, although its loss narrowed compared with FY2025.
Is HRPL Shariah-compliant?
It was classified as compliant in the PSX-KMI All Share Islamic Index recomposition published on May 29, 2026, based on December 2025 financial statements. Check the latest official screening before relying on this status.
What is HRPL's sector on PSX?
PSX classifies the company under Sugar & Allied Industries.
Official Sources
- Pakistan Stock Exchange — HRPL company profile
- PSX-KMI All Share Islamic Index recomposition, May 2026
- PSX financial results and announcements
The financial figures and Shariah ratios above are tied to their stated reporting and screening periods. Verify subsequent financial statements, corporate announcements and the latest Shariah classification before publishing revisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.