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ENGRO: ROBUST PORTFOLIO & STRONG DIVIDEND PROSPECTS

Engro Corporation (ENGRO) ne CY23 mein Rs. 21bn (EPS: Rs38.6) ka consolidated profit record kiya.

Previous quarter mein Rs3.2/share ka loss hua. Loss thermal assets ki reassessment ki wajah se hua,  jo Rs24.4/share tak pohancha. 

ENGRO ne 4QCY23 mein Rs2 ka DPS bhi announce kiya, jis se cumulative CY23 DPS Rs48 tak pohanch gaya.

  • Company thermal energy assets ki proposed divestment par ghoor kar rahi hai taake Government dependent businesses se dor ho sake. Group ke Thermal asset portfolio mein Engro Powergen Qadirpur Ltd, Engro Powergen Thar Ltd aur Sindh Engro Coal Mining Co. Ltd shamil hain.
  • ENGRO ki subsidiary, Engro Powergen Qadirpur Limited (EPQL) kal Liberty Mills Limited, Soorty Enterprise (Private) Limited, aur Affinity Capital ke zariye company ka 68.89% (223.05 million shares) control lena chahte hain.
  • ENGRO ka diverse portfolio fertilizer, consumer, petrochemicals, logistics, trading, aur energy sectors ko shaamil hai, jo stable dividend stream provide karta hai. Dividends ki expected CY24E D/Y ~17% hai.
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