Haseeb Waqas Sugar Mills Ltd.
PPSX:HWQS17.50
PKR
-0.33
(-1.85%)
Haseeb Waqas Sugar Mills Ltd.
PSX:HWQS
(Pakistan Stock Exchange)
Recent
price
17.50
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Haseeb Waqas Sugar Mills Limited is a Pakistan-based agribusiness and manufacturing company engaged primarily in the production, processing, and marketing of refined sugar and sugarcane by-products. The company operates within the agri-food and industrial ingredients sector, offering a product portfolio that comprises: refined white sugar supplied to institutional food and beverage processors, confectioners, pharmaceutical manufacturers, and wholesale consumer distributors; industrial-grade molasses utilized as a primary feedstock for ethanol distilleries, chemical manufacturing, and cattle feed formulations; bagasse biomass, a fibrous byproduct utilized as an energy source for captive power generation and sold to the paper, board, and pulp industries; and press mud, supplied as an organic soil conditioner and bio-fertilizer for agricultural cultivation. Incorporated in January 1992, Haseeb Waqas Sugar Mills Limited is headquartered in Lahore, Pakistan, and functions as a core constituent of the Haseeb Waqas Group of Companies, an industrial conglomerate with diversified interests across engineering, chemicals, commercial farming, and distillery operations. The company historically operated its primary production and milling facilities in the Punjab province with a crushing capacity designed for up to 10,000 metric tons of sugarcane per day. In recent company developments, the company has undergone substantial operational and regulatory restructuring. Following prolonged judicial proceedings concerning the unauthorized relocation of its manufacturing plant from Nankana Sahib to Muzaffargarh, the company was subject to court directives mandating plant dismantling and relocation reversal, leading to suspended crushing activities and prolonged operational dormancy. In response to extended operational inactivity and listing non-compliances, the Pakistan Stock Exchange initiated formal regulatory proceedings against the company, directing majority sponsors to execute a compulsory share buy-back program as a precursor to the company being delisted from the exchange, while the company navigates ongoing corporate restructuring and liability settlement discussions.