WAVES logo

Waves Corporation Limited WAVES

Market closed

Rs 10.58

-0.23 (-2.13%)

Vol2,047,306Updated10:3029 Jul 2026

01At a Glance

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

Consolidated snapshot

Waves Corporation Limited (WAVES) is a Cable & Electrical Goods company listed on the Pakistan Stock Exchange. As of 29 Jul 2026, WAVES last traded at Rs 10.58 (-2.13% on the day) with a market cap of Rs 2.98B and a free float of 70.0%. Over the last 12 months the stock has returned +21.1%. The stock trades at a P/E of 5.7x.

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

5.7x
Rs 1.85
1Y Return
+21.1%
Rs 2.98B

02Price & Performance

Closing prices across timeframes, returns, and range context

WAVES — Price History

Daily closing series · toggle period below

1M Return-1.1%
3M Return+1.5%
6M Return-26.6%
1Y Return+21.1%
Day's Range33% of range
Rs 10.58
LowRs 10.50
HighRs 10.74
52-Week Range29% of range
Rs 10.58
LowRs 8.02
HighRs 16.95

03Key Metrics

Valuation, profitability, structure, and risk in one grid

5.7xTrailing annual EPS
Rs 1.85Latest annual · basic
Book value n/a
No recent payout
1.13Higher than market
Rs 2.98BSmall cap
70.0%197M shares
Ratio n/a
Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

Latest Payout

Per Share
Yield (last FY)
Payout Ratio
Announced

Dividend Per Share Trend

2021
Rs 0.00
2022
Rs 0.00
2023
Rs 0.00
2024
Rs 0.00
2025
Rs 0.00

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

WAVES's market capitalisation stands at Rs 2.98B as of 29 Jul 2026 up 23.9% over the past 12 months (from Rs 2.40B).

Financial Statements

How OGDC's income and balance sheet have evolved

PKR MillionsFY25FY24FY23FY22FY21FY20Trend
Net Sales / Revenue4,7793,9455,2069,93910,4398,525
Cost of Sales3,4352,7253,8057,9818,1576,681
Gross Profit1,3441,2191,4011,9572,2821,844
Administrative Expenses405382424568558461
Operating Profit411242310435704463
EBITDA7815666928171,126896
Other Income1,3641,738381676250466
Financial Charges636700266660705880
Profit Before Tax5621,092301348515269
Taxation4064465187142
Profit After Tax5211,086257283328127
EPS - Basic (Rs)Rs 1.85Rs 3.86Rs 0.91Rs 0.75Rs 1.28Rs 0.60

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · FY25

RatioValue
Net profit margin10.9%
Gross profit margin28.1%
EBITDA margin16.3%
EBIT margin8.6%

Net profit margin

Net profit ÷ revenue · %

0.0%6.9%13.8%20.6%27.5%1.5%FY203.1%FY212.8%FY224.9%FY2327.5%FY2410.9%FY25Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · FY25

RatioValue
Effective tax rate7.1%

Effective tax rate

Taxation ÷ profit before tax · %

0.0%13.2%26.4%39.6%52.8%52.8%FY2036.3%FY2118.7%FY2214.6%FY230.5%FY247.1%FY25Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 2.98B

Rs 4.63BRs 3.26BRs 1.89BRs 521.28MJul 25Sept 25Nov 25Jan 26Mar 26May 26Rs 2.98B

Valuation & Capital Returns

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

Latest · FY25

RatioValue
Price to earnings7.23x
Price to sales0.79x

Price to earnings

Period-end price ÷ EPS · times

0.00x11.75x23.49x35.24x46.98x46.98xFY2012.18xFY2111.51xFY228.69xFY232.35xFY247.23xFY25Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 10.52) is below the 30-day SMA (Rs 10.83). RSI at 49 sits in the neutral band.

As of29 Jul 2026

PeriodValuevs CurrentPosition
SMA 10Rs 10.52-0.58%Above
SMA 30Rs 10.83+2.38%Below
SMA 60Rs 10.58+0.01%Below
SMA 200Rs 11.91+12.61%Below
49Neutral
0 · Oversold305070100 · Overbought

At 49, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-0.08
  • Signal-0.07
  • Histogram-0.01
R2Resistance 2
Rs 12.53
18.4%
R1Resistance 1
Rs 11.55
9.2%
NOWCurrent
Rs 10.58
S1Support 1
Rs 9.75
-7.8%
S2Support 2
Rs 8.93
-15.6%

07Leverage Insights

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

Rs 262.28K
Margin Trading System
Rs 60.40M
Margin financing
Rs 60.66M
-11.72% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

As of 16 Jul 2026

Rs 1.13M
Futures blank sales (Rs)
0.39%
Blank sale ÷ OI
0.29%
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 %65.62%Most recent print
Average · 3M70.32%Mean over window
Change · 3M-22.65%First → last
Range · 3M4.8–96.0%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 · 70.0%Non-float · 30.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 2.81B
Total Shares281M
197M
70.0%
Year EndDec
Enterprise Value

10About the Company

Business description, governance, and corporate information

Waves Corporation Limited (Formerly Waves Singer Pakistan Limited) was incorporated in Pakistan under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) as a public company limited. The Company is principally engaged in the manufacturing and assembly of domestic consumer appliances along with retailing and trading of the same and other light engineering products.

Shariah CompliantCable & Electrical Goods

Corporate Information

  • RegistrarM/s Corplink (Pvt) Limited Wings Arcade, 1-K, Commercial Model Town Lahore
  • AuditorM/s Rizwan and Company, Chartered Accountants
  • Websitewww.waves.net.pk
  • Address9 KM, Multan Road , Hanjerwal Lahore
  • SectorCable & Electrical Goods
  • Financial Year EndDecember

Key People

NameRole
HAHaroon Ahmad Khan
CEO
MZMuhammad Zafar Hussain
Chairperson
ABAhmad Bilal Zulfiqar
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

Filings and disclosures from the PSX announcement feed

  • 24 Jul 2026Board Meeting
  • 21 Jul 2026General Meeting
  • 17 Jul 2026Financial Results
  • 08 Jul 2026Insider Trading
    Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
  • 07 Jul 2026Financial Results
  • 01 Jul 2026Others
    Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
  • 24 Jun 2026Others
    Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
  • 17 Jun 2026Others
    Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

12Peers in Cable & Electrical Goods

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

WAVES vs Cable & Electrical Goods sector median

Median across 7 sector constituents · nulls excluded per metric

MetricWAVESSector median
5.7x12.1x
0.0%
8.3%
1-Year Return+21.1%-5.5%
Rs 2.98BRs 8.78B

13Frequently Asked Questions

The most common questions investors ask about WAVES

Frequently Asked Questions

WAVES closed at Rs 10.58 on 29 Jul 2026, down 2.13% on the day, within a 52-week range of Rs 8.02–16.95. Prices on this page refresh through the trading day; log in to BSL for live quotes.

Ready to invest in WAVES?

Open a BSL trading account in under 10 minutes

Buy and sell WAVES and 550+ other PSX-listed stocks with low commissions, real-time data, and a concierge research desk backing every trade.

Open Account