MARI logo

Mari Energies Limited MARI

Market closed

Rs 650.28

-0.57 (-0.09%)

Vol408,138Updated10:3029 Jul 2026

01At a Glance

The headline take on MARI — valuation, income, returns, and efficiency

Consolidated snapshot

Mari Energies Limited (MARI) is an Oil & Gas Exploration Companies company listed on the Pakistan Stock Exchange. As of 29 Jul 2026, MARI last traded at Rs 650.28 (-0.09% on the day) with a market cap of Rs 780.74B and a free float of 20.0%. Over the last 12 months the stock has returned +4.2%. Cash dividends declared over the trailing 12 months total Rs 30.00/share (yield 4.6%). The stock trades at a P/E of 12.0x. A member of the KSE-100 and KSE-30 and KMI-30 indices.

Prices through 29 Jul 2026 · FY data through FY25 · Quarterly through Mar-26

12.0x
Rs 54.25
1Y Return
+4.2%
Rs 780.74B

02Price & Performance

Closing prices across timeframes, returns, and range context

MARI — Price History

Daily closing series · toggle period below

1M Return-3.6%
3M Return-0.2%
6M Return-11.9%
1Y Return+4.2%
Day's Range66% of range
Rs 650.28
LowRs 645.11
HighRs 652.99
52-Week Range42% of range
Rs 650.28
LowRs 544.56
HighRs 795.00

03Key Metrics

Valuation, profitability, structure, and risk in one grid

12.0xTrailing annual EPS
Rs 54.25Latest annual · basic
2.87xBook Rs 226.26
4.61%Rs 30.00/sh trailing 12m
0.79Lower than market
Rs 780.74BLarge cap
20.0%240M shares
3.65Moderate leverage
26.2%Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

MARI has paid Rs 30.00 per share in cash dividends over the trailing 12 months — a 4.6% yield at the last close. Its most recent payout was Rs 8.30/share, announced 26 Jan 2026 with book closure from 03 Feb 2026. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 8.30
Trailing Yield
4.61%
Payout Ratio
Announced
26 Jan 2026

Dividend Per Share Trend

2021
Rs 141.00
2022
Rs 124.00
2023
Rs 147.00
2024
Rs 25.78
2025
Rs 21.70

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
26 Jan 202631 Dec 2025 (HYR)CashRs 8.30(83%)03 Feb 2026 – 05 Feb 2026
11 Aug 202530 Jun 2025 (YR)CashRs 21.70(217%)22 Sept 2025 – 26 Sept 2025

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

MARI's market capitalisation stands at Rs 780.74B as of 29 Jul 2026 up 4.5% over the past 12 months (from Rs 747.12B).

Financial Statements

How OGDC's income and balance sheet have evolved

PKR MillionsFY25FY24FY23FY22FY21FY20Trend
Net Sales / Revenue177,097181,829145,77095,13473,01872,026
Gross Profit100,623123,827101,11065,73148,66349,907
Operating Profit85,761110,90385,09354,79944,12039,650
EBITDA94,046117,65789,40758,88847,90242,954
Other Income10,9599,3509,0754,5314,2534,896
Financial Charges3,4782,8641,7759801,310568
Profit Before Tax88,174110,36385,84752,11443,93141,279
Taxation23,03733,07529,71819,05312,48610,967
Profit After Tax65,13677,28856,12933,06131,44530,313
EPS - Basic (Rs)Rs 54.25Rs 64.37Rs 420.75Rs 247.84Rs 235.71Rs 227.23

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · FY25

RatioValue
Net profit margin36.8%
Gross profit margin56.8%
EBITDA margin53.1%
EBIT margin48.4%

Net profit margin

Net profit ÷ revenue · %

0.0%10.8%21.5%32.3%43.1%42.1%FY2043.1%FY2134.8%FY2238.5%FY2342.5%FY2436.8%FY25Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · FY25

RatioValue
Effective tax rate26.1%

Effective tax rate

Taxation ÷ profit before tax · %

0.0%9.1%18.3%27.4%36.6%26.6%FY2028.4%FY2136.6%FY2234.6%FY2330.0%FY2426.1%FY25Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 780.74B

Rs 946.53BRs 666.57BRs 386.61BRs 106.65BJul 25Sept 25Nov 25Jan 26Mar 26May 26Rs 780.74B

Valuation & Capital Returns

What the market is paying for MARI, and what it returns to shareholders

Latest · FY25

RatioValue
Price to earnings13.20x
Price to sales4.85x

Price to earnings

Period-end price ÷ EPS · times

0.00x3.30x6.60x9.90x13.20x5.90xFY207.02xFY216.24xFY224.98xFY2311.18xFY2413.20xFY25Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 648.60) is below the 30-day SMA (Rs 663.57). RSI at 46 sits in the neutral band.

As of29 Jul 2026

PeriodValuevs CurrentPosition
SMA 10Rs 648.60-0.26%Above
SMA 30Rs 663.57+2.04%Below
SMA 60Rs 656.14+0.90%Below
SMA 200Rs 677.15+4.13%Below
46Neutral
0 · Oversold305070100 · Overbought

At 46, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-5.05
  • Signal-3.26
  • Histogram-1.79
R2Resistance 2
Rs 740.73
13.9%
R1Resistance 1
Rs 695.50
7.0%
NOWCurrent
Rs 650.28
S1Support 1
Rs 617.55
-5.0%
S2Support 2
Rs 584.83
-10.1%

07Leverage Insights

MTS, margin financing, futures open interest, and combined exposure

Rs 357.60M
Margin Trading System
Rs 114.57M
Margin financing
Rs 472.17M
+51.48% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

As of 16 Jul 2026

Rs 1.17M
Futures blank sales (Rs)
0.35%
Blank sale ÷ OI
0.24%
Blank sale ÷ free float

Futures Blank Sale Insights

Blank sale value vs OI and free float

08Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %57.67%Most recent print
Average · 3M64.01%Mean over window
Change · 3M-4.28%First → last
Range · 3M49.2–80.8%Low–high

Settlement % Trajectory

Solid = UIN settlement % · Dashed = 14-session EMA

As of 16 Jul 2026

Price vs Settlement

Close price (left axis) · UIN settlement % (right axis)

09Share Structure & Capital

Float composition, capital base, and enterprise value

Free float · 20.0%Non-float · 80.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 12.01B
Total Shares1.20B
240M
20.0%
Year EndJun
Enterprise Value

10About the Company

Business description, governance, and corporate information

Mari Energies Limited (formerly, Mari Petroleum Company Limited) is a public limited company incorporated in Pakistan on December 4, 1984, under the Companies Ordinance, 1984 (now superseded by the Companies Act, 2017). The company is principally engaged in the exploration, production, and sale of hydrocarbons. It also provides exploration and production-related services and is involved in ventures related to mineral mining and technology businesses.

KSE-100KSE-30KMI-30Shariah CompliantOil & Gas Exploration Companies

Corporate Information

  • RegistrarM/s Corplink (Pvt) Limited, Wings Arcade, 1-K Commercial, Model Town, Lahore
  • AuditorA.F. Ferguson & Company Chartered Accountants
  • Websitewww.marienergies.com.pk
  • Address21, Mauve Area, 3rd Road G-10/4, P.O. Box Islamabad
  • SectorOil & Gas Exploration Companies
  • Financial Year EndJune

Key People

NameRole
FHFaheem Haider
CEO
LGLt. Gen. Anwar Ali Hyder, HI (M) (Retd.)
Chairperson
BSBrig. Sumair Ashraf Sheikh (Retd)
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

12Peers in Oil & Gas Exploration Companies

How the cohort is moving — same-sector stocks by market cap

MARI vs Oil & Gas Exploration Companies sector median

Median across 4 sector constituents · nulls excluded per metric

MetricMARISector median
12.0x8.3x
4.6%4.8%
26.2%19.8%
1-Year Return+4.2%+20.9%
Rs 780.74BRs 687.16B

13Frequently Asked Questions

The most common questions investors ask about MARI

Frequently Asked Questions

MARI closed at Rs 650.28 on 29 Jul 2026, down 0.09% on the day, within a 52-week range of Rs 544.56–795.00. Prices on this page refresh through the trading day; log in to BSL for live quotes.

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