LAHORE: A significant increase in valuation for Ghandhara Industries Limited (GHNI) can be witnessed as a sharp rise in the demand for commercial vehicles gives rise to higher expectations among market analysts for the company. The official target price raised for the automaker in its equity report compiled by Munir Khanani Securities stands at Rs1,393.06, as compared to its previous valuation of Rs1,189.13.
The revised chart implies a promising 48.1% upside in relation to the closing price of the stock at Rs940.47. The optimistic stance of analysts on the scrip can be gauged by their “Overweight” recommendation. The revision in value is an indication of a change in the broader context of the manufacturing sector domestically.
Truck Sales Growth Spur Recovery for the Entire Auto Industry
This rise in estimates follows a period of comprehensive recovery within the Pakistani auto industry over the first ten months of the current fiscal year 2026 (10MFY26). A decline in inflationary pressures, multiple reductions in interest rates by the central bank, and stable foreign exchange rates have managed to restore consumer and business purchasing power. Although passenger car sales achieved an impressive 49% increase to reach 166,044 units, truck sales saw the most dramatic growth spurt.
This enormous alignment between industrial production and the development of infrastructure greatly sped up the needs of freight transport throughout the nation. GHNI became one of the key beneficiaries of this development, earning a large chunk of the market growth by increasing the sale of its special trucks by 60% compared to the previous year. In addition, the company’s ISUZU D-Max version of the pick-up truck proved popular with consumers, with 640 units sold despite the competition from new product introductions.
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Analysts Revising Up Their Earnings Estimates to 2027
The following is caused by the substantial physical sale figures that have occurred. Overall projections of truck sales at the end of FY26 have now been raised to 4,322, which is significantly higher than the earlier figure of 3,750 units initially projected. Likewise, the year-end estimates for the D-Max sales were revised upwards to 800 from 320 units.
In fact, in anticipation of future growth in FY27, demand for logistics from corporations is anticipated to boost GHNI’s truck volume by an additional 14.3%, making the total number of trucks 4,939. Thus, based on these volume growths, the following upgrades in the EPS estimates for the company have been made:
Future Prospects in Logistics with Megaprojects on Infrastructure
The medium-term prospects for the heavy commercial vehicle assembly industry still remain very promising. Apart from normal company fleet renewals, strict implementation of state laws regarding weight on axles compels logistics firms to purchase new vehicles to allocate loads properly.
Moreover, large-scale development programs such as the multi-billion dollar project of the extraction of copper and gold at Reko Diq will ensure the future need for specialized heavy haulage trucks. Further growth in the economy can be anticipated if international routes are set up via Iran through trade agreements.
