Financial Information

Asset_2023

Asset_2022

Fixed_Assets_2023

Profit_After_Tax_2023

Equity_Growth_2023

Local_Export_2023

Market_Breakup_2023

Sales_Growth_2023

Profitability_Ratio_2023

Investor_Ratio_2023

TurnOver_Ratio_2023

Liqudity_Ratio_2023

Cash_Flow_2023

Capital_Structure_Ratio_2023

Financial Highlights

Amount in PKR. millions
Profit & Loss 2023 2022 2021 2020 2019 2018
Sales 111,968 100,257 78,774 53,941 57,288 45,626
Gross profit 16,679 17,368 12,869 9,069 11,982 9,576
Operating profit 11,297 13,138 7,506 1,932 5,482 3,315
Earnings before interest and tax 11,297 13,138 7,506 1,932 5,482 3,315
Profit / (loss) before tax 5,949 10,469 5,562 (76) 4,008 2,328
Profit / (loss) after tax 3,986 8,862 4,425 (479) 3,609 2,075
Cash dividend 428 891 891 891
Bonus shares 1,233 856 713
             
Balance Sheet            
Property, plant and equipment 50,122 45,842 38,351 26,250 18,994 16,104
Intangible 38 52 78 90 45 24
Long term investment, loans,            
advances and deposits 3,792 3,816 3,747 2,862 492 299
Net current assets 6,926 8,748 5,539 606 4,818 3,193
Total assets employed 60,878 58,458 47,715 29,808 24,348 19,620
Represented by:            
Share capital 7,401 6,167 5,312 4,278 3,565 3,565
Reserves 32,671 29,966 21,952 9,685 11,768 9,056
Shareholders’ equity 40,072 36,133 27,264 13,963 15,333 12,621
Long term loans 20,117 20,551 18,571 13,446 8,857 6,912
Deferred liabilities 689 1,774 1,880 2,399 158 87
Total capital employed 60,878 58,458 47,715 29,808 24,348 19,620
Cash Flow Statement            
Operating activities 16,293 5,468 (1,635) (20) 160 (1,083)
Investing activities (7,955) (10,664) (9,867) (8,806) (4,899) (1,956)
Financing activities (9,405) 10,634 6,837 2,298 875 100
Cash and cash equivalents at            
the end of the year (1,412) (345) (28,852) (24,998) (18,470) (14,606)
             
Financial Ratios      2023      2022      2021       2020      2019       2018
Profitability ratios            
Gross profit ratio 14.90 17.32 16.34 16.81 20.92 20.99
Operating leverage ratio (1.20) 2.75 6.27 11.09 2.56 6.96
EBITDA margin to sales 13.36 16.07 12.87 7.61 12.99 11.37
Net profit to sales 3.56 8.84 5.62 (0.89) 6.30 4.55
Profit before tax margin 5.31 10.44 7.06 (0.14) 7.00 5.10
Return on equity 10.46 27.96 21.46 (3.27) 25.82 17.63
Return on capital employed 18.93 24.75 19.36 7.13 24.94 17.45
             
Liquidity ratios            
Current ratio 1.11 1.15 1.12 1.02 1.16 1.14
Quick / acid test ratio 0.47 0.55 0.57 0.29 0.39 0.40
Cash to current liabilities 0.01 0.03 0.01 0.01 0.02 0.02
Cash flow from operations to sales 0.15 0.05 (0.02) (0.00) 0.00 (0.02)
             
Capital structure ratios            
Financial leverage ratio 1.33 1.64 1.84 2.82 1.89 1.85
Weighted average cost of debt 9.50 4.88 4.34 5.87 4.54 3.57
Debt to equity ratio 0.33 0.36 0.41 0.49 0.37 0.35
Interest cover ratio 2.11 4.92 3.86 0.96 3.72 3.36
             
Turnover ratios            
             
Inventory turnover 140 130 140 192 151 145
Inventory turnover ratio 2.61 2.81 2.62 1.90 2.42 2.52
Debtor turnover 80 84 60 43 40 35
Debtor turnover ratio 4.57 4.36 6.03 8.45 9.19 10.44
Creditors turnover 120 105 113 175 136 142
Creditors turnover ratio 2.68 3.26 2.92 1.83 2.44 2.46
Fixed assets turnover ratio 2.53 2.19 2.05 2.05 3.02 2.83
Total assets turnover ratio 0.91 0.85 0.83 0.78 1.05 1.05
Operating cycle 100 109 87 60 54 38
             
Investor information            
Earnings per share 5.39 11.97 7.83 (1.12) 10.12 5.82
Price earning ratio 3.31 2.82 6.48 (25.56) 4.65 7.38
Price to book ratio 0.11 0.18 0.29 0.18 0.31 0.35
Dividend yield ratio 0.02 0.09 0.05 0.06
Cash dividend per share 1.00 2.50 2.50 2.50
Bonus shares issued 2.00 2.00 2.00
Dividend payout ratio 0.13 0.25 0.43 1.00
Dividend cover ratio 7.83 (0.45) 4.05 2.33
Break – up value per share 54.15 58.59 51.33 32.64 43.01 35.40
Market value per share            
at the end of the year 17.81 33.81 50.73 28.63 47.12 42.93
high during the year. 32.94 60.80 58.32 49.62 58.40 49.50
low during the year 17.81 32.80 28.93 21.45 38.25 32.52
EBITDA 14,963 16,112 10,141 4,103 7,442 5,186
             
*Ratio restated based on number of shares outstanding as on June 30, 2021.