KCL

Karam Ceramics Limited

By PSX Investors Zone · Updated October 27, 2026

Karam Ceramics Limited company profile

Karam Ceramics Limited (PSX: KCL) is a Pakistani manufacturer and seller of tiles, incorporated on April 8, 1979. The company is listed on the Pakistan Stock Exchange in the Glass & Ceramics sector, with its registered office in Karachi and factory at Deh Halkani, Hub Dam Road, Manghopir. KCL was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. Its FY2026 financial results reported sales of approximately Rs617.49 million and a net loss of approximately Rs100.46 million. PSX also displays a Risk Warning Alert concerning possible trading suspension or delisting, which investors should carefully review.

Important PSX Risk Warning Alert

The Pakistan Stock Exchange company page displays the following Risk Warning Alert:

The Company is in continuous violation as specified in Clauses 5.11.1. or 5.11.2. and carry risk of suspension of trading or being delisted from the Exchange and may be subject to such terms and conditions as specified by the Exchange.

This warning is a material consideration for investors. Review the latest PSX announcements to understand whether the underlying violations have been resolved or whether the warning remains in effect. Shariah-compliant classification does not remove regulatory, trading, financial, or liquidity risks.

Source: Official PSX company page — Karam Ceramics Limited.

Company Overview

Karam Ceramics Limited (PSX: KCL) is a Pakistani company engaged in the manufacturing and sale of tiles. It was incorporated on April 8, 1979, as a public limited company. Its shares are listed on the Pakistan Stock Exchange under the Glass & Ceramics sector.

The company's registered office is located at A-31, S.M.C.H.S., Karachi, Pakistan. Its factory is situated at 295/311, Deh Halkani, Hub Dam Road, Manghopir, Karachi. The company's financial year ends on June 30.

Source: PSX company profile and FY2025 financial statements filed with PSX.

Business Activities

Karam Ceramics' principal business is tile manufacturing and sales. Its performance may be influenced by construction activity, housing demand, renovation spending, competition from other tile manufacturers, energy and fuel costs, raw-material prices, and distribution expenses.

Investors researching the company should examine production capacity and utilisation, sales volumes, pricing, inventory, receivables, operating expenses, and cash generation. These factors help explain whether changes in revenue translate into sustainable profitability.

Financial Performance

The PSX financial dashboard reports the following annual figures for the financial years ended June 30. Values below are presented in Pakistani rupees; the PSX dashboard lists financial amounts in thousands except EPS.

Financial metricFY2026FY2025
SalesRs617.49 millionRs584.21 million
Profit after taxationLoss of Rs100.46 millionLoss of Rs728.23 million
Earnings per share (EPS)-Rs6.90-Rs50.05

Reported sales increased in FY2026, while the net loss narrowed substantially compared with FY2025. However, the company remained loss-making in FY2026. Investors should review the latest audited annual report for the detailed reasons behind the results, including production costs, gross margins, financing costs, and any exceptional items.

Source: PSX financials and announcements. The PSX dashboard notes that its standardized data may differ from the issuer's financial statements, so the original annual report should be consulted for detailed analysis.

Shariah Compliance Status

Karam Ceramics Limited was classified as Compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026, based on accounts as of December 31, 2025.

The published screening ratios were:

  • Debt ratio: 0.00%
  • Non-compliant investment ratio: 0.00%
  • Non-compliant income ratio: 0.00%
  • Illiquid assets ratio: 93.40%

These ratios relate to the specified screening review and should not be interpreted as a guarantee of future compliance or financial strength. Shariah screening is periodic, so investors should verify the latest official PSX-KMI publication before relying on the classification.

Source: Official PSX-KMI All Share Index recomposition notice.

Key Risks to Consider

Trading and listing risk: The PSX Risk Warning Alert states that the company faces potential suspension of trading or delisting due to continuous violations. Check the latest exchange disclosures for updates.

Persistent losses: KCL reported a net loss in both FY2025 and FY2026. A narrower loss is an improvement, but does not establish a return to profitability.

Construction-sector exposure: Weakness in construction activity, housing demand, or renovation spending could affect tile sales.

Input-cost pressure: Energy, fuel, raw materials, and manufacturing costs may influence margins.

Liquidity and financial position: Investors should review cash flow, short-term obligations, borrowings, inventory, and receivables to assess the company's ability to fund operations.

Shariah screening changes: The cited status reflects the May 2026 recomposition and should be rechecked against newer official notices.

How Investors Can Research KCL

Before evaluating Karam Ceramics' share price, review the latest annual and quarterly financial statements, PSX announcements, cash-flow statement, debt position, and any updates regarding the Risk Warning Alert. Assess the trend in sales, gross margins, operating costs, and net losses over several reporting periods.

A Shariah-compliant classification is only one part of the research process. Investors should separately consider financial health, regulatory status, liquidity, valuation, and the risks associated with the company's business.

Official Resources

This profile is intended for company research and investor education. Historical results and Shariah screening status do not guarantee future performance or continued compliance.

#karam ceramics#kcl#psx#pakistan stock exchange#shariah compliant stocks#glass and ceramics#tile manufacturing#pakistan construction industry#fundamental analysis#psx company profile

This profile is for educational purposes and is not a recommendation to buy or sell any security.

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