Karam Ceramics Limited

Karam Ceramics Limited, a public limited company incorporated in Pakistan in 1979, specializes in the manufacture and sale of wall and floor tiles. As of June 30, 2025, the company had 14.55 million shares outstanding, with 74.94 percent of shares held by local general public, 24.81 percent by company's directors, CEO and their children, and the remaining ownership distributed among other shareholders.

The company's performance has been mixed, with net sales dropping twice between 2021 and 2025. In 2021, the company experienced a 21.53 percent increase in net sales to Rs.1126.65 million, driven by higher sales volume and increased selling prices. Despite cost hikes, KCL was able to pass them on to consumers, resulting in a gross profit margin of 3.17 percent.

The following year, net sales plummeted by 27.39 percent to Rs.818.08 million, as political and economic headwinds negatively impacted the construction and infrastructure sectors. In 2023, KCL recorded a 38 percent year-on-year increase in net sales to Rs.1348.47 million, primarily due to an upward revision in prices. However, the company also faced significant cost increases, resulting in an operating loss of Rs.421.94 million and a net loss of Rs.474.96 million.