Millat Tractors (KAR:MTL) Construction In Progress: ₨87 Mil (As of Mar. 2026)


KAR:MTL Millat Tractors Ltd KAR:MTL
78 GF Score
Price ₨304.95
GF Value ₨211.66
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Millat Tractors Construction In Progress?

Millat Tractors KAR:MTL +0.14% 78 Construction In Progress is ₨87 Mil as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.66 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Millat Tractors's quarterly construction in progress declined from Sep. 2025 (₨167 Mil) to Dec. 2025 (₨78 Mil) but then increased from Dec. 2025 (₨78 Mil) to Mar. 2026 (₨87 Mil).

Millat Tractors's annual construction in progress increased from Jun. 2023 (₨27 Mil) to Jun. 2024 (₨88 Mil) and increased from Jun. 2024 (₨88 Mil) to Jun. 2025 (₨113 Mil).

Millat Tractors Construction In Progress Historical Data

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The historical data trend for Millat Tractors's Construction In Progress 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 Construction In Progress Chart

Millat Tractors Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.83 25.31 27.18 88.08 113.35

Millat Tractors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 206.97 113.35 167.34 78.37 87.46
KAR:MTL
78GF Score
Millat Tractors Ltd KAR:MTL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Millat Tractors Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₨87 Mil mean?
Millat Tractors (KAR:MTL) has a Construction In Progress of ₨87 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Millat Tractors and its competitors.
Is Millat Tractors' Construction In Progress too high?
Millat Tractors' current Construction In Progress is ₨87 Mil. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Construction In Progress compare to CAT and DE?
Millat Tractors' Construction In Progress of ₨87 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 Construction In Progress for a Farm & Heavy Construction Machinery company?
A good Construction In Progress depends on the Farm & Heavy Construction Machinery industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Millat Tractors and its competitors. Millat Tractors's current Construction In Progress is ₨87 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 ₨211.66, compared to a current price of ₨304.95 — trading 44.1% above its estimated fair value. The current Construction In Progress is ₨87 Mil. Millat Tractors' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current Construction In Progress is ₨87 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 ₨304.95 is trading 44.1% above its estimated GF Value™ of ₨211.66. GuruFocus considers Millat Tractors to be Significantly Overvalued.

Key valuation signals for KAR:MTL:

  • Construction In Progress: ₨87 Mil
  • GF Value™: ₨211.66 vs. price of ₨304.95 (44.1% above fair value)
  • GF Score™: 78/100 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.
78GF Score

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

₨304.95
Price
₨211.66
GF Value