Millat Tractors Limited
PPSX:MTL283.86
PKR
-6.32
(-2.18%)
ISIN
PK0009801017
Return %
Stock
S&P 500
1Y
9.34
14.20
3Y
25.98
81.12
5Y
82.61
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Raheel Asghar
- Full Time Employees
- 888
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Lahore Pakistan
- IPO Date
- May 30, 1994
- Website
- millat.com.pk
- Similar Companies
- Business
- Millat Tractors Limited is a Pakistan-based engineering and agricultural equipment manufacturing company primarily engaged in the manufacturing, assembly, and distribution of agricultural tractors, industrial machinery, and automotive components. Founded in 1964 and headquartered in Lahore, Pakistan, the company operates as an authorized manufacturer and assembler of Massey Ferguson machinery under license from AGCO Corporation. The company categorizes its operations into distinct business divisions including Agricultural Machinery, Industrial & Power Products, Automotive Components & Batteries, and Enterprise Technology Solutions, serving domestic agricultural and commercial sectors alongside international export markets across Africa, the Middle East, South Asia, and the Americas through regional distribution networks and its Dubai-based trading subsidiary, TIPEG Intertrade DMCC. The company's product and service portfolio comprises agricultural tractors spanning 50 hp to 85 hp capacities, including the Massey Ferguson MF 240, MF 260, MF 350, MF 360, MF 375, and MF 385 models; agricultural implements and farm machinery attachments, such as disc ploughs, chisel ploughs, offset disc harrows, rotary tillers, seed drills, farm trailers, fodder harvesters, combine harvesters, balers, and precision laser land levelers; industrial power generation equipment, consisting of diesel generating sets ranging from 12.5 kVA to 500 kVA prime and standby ratings powered by Perkins and Millat diesel engines; material handling equipment, including diesel and electric forklift trucks manufactured under technical collaboration with Anhui Heli Co., Ltd.; industrial power packs and prime movers ranging from 50 hp to 75 hp; automotive and industrial energy storage solutions, including automotive, domestic, and deep-cycle lead-acid batteries manufactured by Millat Industrial Products Limited; precision automotive and tractor castings, including cylinder blocks, cylinder heads, and axle housings produced via subsidiary Bolan Castings Limited; powertrain and transmission engineering products, including transaxles, transmission shafts, bevel gears, and hydraulic lift pumps; and enterprise software solutions, encompassing implementation, system integration, maintenance, and technical consulting for IFS (Industrial and Financial Systems) enterprise resource planning software. In recent strategic and corporate developments, Millat Tractors has executed major corporate restructurings, global trade alliances, and commercial distribution partnerships. The company completed the formal merger and amalgamation of its wholly owned transmission manufacturing subsidiary, Millat Equipment Limited, into Millat Tractors Limited following regulatory clearance from the Competition Commission of Pakistan, integrating its transmission and machining operations directly into the parent manufacturing framework. Millat Tractors entered into an expanded international licensing and export agreement with AGCO Limited and Massey Ferguson Corp, enabling the direct export of tractors to African markets under the Millat brand name. In addition, the company established a commercial distribution agreement with Chinese agricultural machinery producer LOVOL to introduce specialized harvesters and advanced farming machinery into the Pakistani market. The company also expanded its export reach across African and regional agricultural markets, supported production capacity enhancements through solar power installations across its manufacturing facilities, and executed a two-for-one equity stock split to enhance share liquidity on the Pakistan Stock Exchange.