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Ittefaq Iron Industries Limited (Pakistan)

Main Activities: Other Concrete Product Manufacturing | Iron and Steel Mills and Ferroalloy Manufacturing
Full name: Ittefaq Iron Industries Limited Profile Updated: May 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Ittefaq Iron Industries Limited, formerly Ittefaq Sons, is a Pakistani steel bar manufacturer. The company is specialized in the production of heavy steel sections for residential and industrial purposes, such as I-beams, H-beams, angles and channels, as well as deformed bars and steel billets. Ittefaq’s production plant, located on the main Manga Raiwind Road, has an annual installed rolling capacity of 120,000 MT. It procures scrap from established suppliers mainly from Sweden, UK, UAE, and Singapore. The company top clients include some of the biggest public sector construction companies, such as FWO, Descon, Atcon Construction Professional and Zahir Khan & Brothers. The company’s predecessor Ittefaq Sons (Pvt.) Ltd was incorporated in 2006 by diversified group Al Shafi Group of Companies, whose businesses include also sugar, textile and paper mills. In 2009 Ittefaq Sons was amalgamated with Al Shafi Steel (Pvt.) Ltd, another steel mill within the same group, and the new entity was named Ittefaq Iron Industries Limited.

Legal Address
40 B / Ii, Gulberg Iii
Lahore; Punjab;

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Website: http://www.ittefaqsteel.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2004
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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86.62%
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2.93%
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2.26%
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0.01%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net sales revenue
-73.26%
Total operating revenue
-73.26%
Operating profit (EBIT)
-297.95%
EBITDA
N/A
Net Profit (Loss) for the Period
-132.29%
Total assets
-31.06%
Total equity
-6.15%
Operating Profit Margin (ROS)
-20.73%
Net Profit Margin
-22.45%
Return on Equity (ROE)
-4.38%
Debt to Equity Ratio
-1%
Quick Ratio
0.6%
Cash Ratio
-0%

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