Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
27 NOVEMBER 2023 AL CIRCLE

PACRA predicts strong year for PABC offering fifth highest rating for long term and short term

EDITED BY : MAYURAKSHI GANGULY 2MINS READ

Pakistan Aluminium Beverage Cans Limited has received entity ratings of "A+" for long-term and "Al" for short-term with a stable outlook forecast from Pakistan Credit Rating Agency Limited (PACRA), as per their latest press release. This rating affirms the company's strong financial profile and sound governance structure.

PACRA predicts strong year for PABC offering fifth highest rating for long term and short term

{alcircleadd}

PABC operates on a B2B business model and supplies aluminium cans to beverage producers. The demand for aluminium cans is always on the rise. This company has captured the entire market share of Pakistan and serves as a preferred choice for clients in Afghanistan and other countries. The company's high entry barrier and technical expertise have provided strength to the company to establish its brand name. PABC has established a strong customer base with a well-managed working capital cycle, thus minimizing the credit risk to a low level.

Furthermore, PABC has recently increased its rated production capacity to 950 million cans per annum. PABC has financed and installed an on-grid solar system to fulfil the company's major energy needs. The company aims to expand its market share in aluminium beverage cans in Pakistan and abroad. The financial risk profile of the company is considered strong, with sufficient cash flows.

During the first half of FY23, the company generated a top line of Rs11.12 billion, showing an increase of 57 per cent in revenue. As a result, during the First Half of FY23, the company generated a bottom line of Rs2.714 billion. The company has availed both short-term financial institutions to finance the import of aluminium-based raw materials and long-term facilities to enhance available capacity. The leveraging of the company stood at 33.7 per cent as of Jun '23.

Being associated with the well-established and stable Liberty Group and Soorty Enterprises bodes well for the rating. The ratings are dependent on the company's ability to further enhance its market position and management's ability to run the company's operations optimally. With its upcoming growth in the firm's business and volumes, PABC must maintain prudent financial discipline and implement a stringent control environment to sustain its market position.

AL Circle has formulated a special report on the sustainable packaging sector called, Aluminium Foil and its End Uses. If you are interested, contact us for the entire report. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : MAYURAKSHI GANGULY 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.