Millat Tractors (KAR:MTL) Change In Inventory: ₨2,053 Mil (TTM As of Mar. 2026)

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KAR:MTL Millat Tractors Ltd KAR:MTL
73 GF Score
Price ₨299.26
GF Value ₨152.43
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Millat Tractors Change In Inventory?

Millat Tractors KAR:MTL +0.07% 73 Change In Inventory is ₨2,053 Mil as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 73/100 and a GF Value™ of ₨152.43 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Millat Tractors's change in inventory for the quarter that ended in Mar. 2026 was ₨-184 Mil. It means Millat Tractors's inventory increased by ₨184 Mil from Dec. 2025 to Mar. 2026 .

Millat Tractors's change in inventory for the fiscal year that ended in Jun. 2025 was ₨2,395 Mil. It means Millat Tractors's inventory declined by ₨2,395 Mil from Jun. 2024 to Jun. 2025 .

Millat Tractors's Total Inventories for the quarter that ended in Mar. 2026 was ₨15,098 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millat Tractors's Days Inventory for the quarter that ended in Mar. 2026 was 128.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Millat Tractors's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Millat Tractors's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.87.


Millat Tractors  (KAR:MTL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Millat Tractors's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=15005.3285/10693.544*365 / 4
=128.04

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Millat Tractors's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Millat Tractors's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=15005.3285 / 17230.508
=0.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Millat Tractors Change In Inventory Related Terms


Millat Tractors Change In Inventory Historical Data

* Premium members only.

The historical data trend for Millat Tractors's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Millat Tractors Change In Inventory Chart

Millat Tractors Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,991.04 -2,185.14 -3,019.33 -4,506.40 2,394.85

Millat Tractors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 390.58 2,775.75 -2,358.14 1,820.23 -184.40
KAR:MTL
73GF Score
Millat Tractors Ltd KAR:MTL
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Millat Tractors Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨2,053 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of ₨2,053 Mil mean?
Millat Tractors (KAR:MTL) has a Change In Inventory of ₨2,053 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Millat Tractors and its competitors.
Is Millat Tractors' Change In Inventory too high?
Millat Tractors' current Change In Inventory is ₨2,053 Mil. Overall, Millat Tractors has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Change In Inventory compare to CAT and DE?
Millat Tractors' Change In Inventory of ₨2,053 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Farm & Heavy Construction Machinery company?
A good Change In Inventory depends on the Farm & Heavy Construction Machinery industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Millat Tractors and its competitors. Millat Tractors's current Change In Inventory is ₨2,053 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨152.43, compared to a current price of ₨299.26 — trading 96.3% above its estimated fair value. The current Change In Inventory is ₨2,053 Mil. Millat Tractors' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current Change In Inventory is ₨2,053 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Millat Tractors (KAR:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued. The current stock price of ₨299.26 is trading 96.3% above its estimated GF Value™ of ₨152.43. GuruFocus considers Millat Tractors to be Significantly Overvalued.

Key valuation signals for KAR:MTL:

  • Change In Inventory: ₨2,053 Mil
  • GF Value™: ₨152.43 vs. price of ₨299.26 (96.3% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Millat Tractors Business Description

Address 9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
73GF Score

Get the complete analysis for KAR:MTL

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨299.26
Price
₨152.43
GF Value