Financial Information
Financial Highlights
| Amount in PKR. millions | ||||||
|---|---|---|---|---|---|---|
| Profit & Loss | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Sales | 100,257 | 78,774 | 53,941 | 57,288 | 45,626 | 40,066 |
| Gross profit | 17,368 | 12,869 | 9,069 | 11,982 | 9,576 | 7,207 |
| Operating profit | 13,138 | 7,506 | 1,932 | 5,482 | 3,315 | 1,686 |
| Earnings before interest and tax | 13,138 | 7,506 | 1,932 | 5,482 | 3,315 | 1,686 |
| Profit / (loss) before tax | 10,469 | 5,562 | (76) | 4,008 | 2,328 | 809 |
| Profit / (loss) after tax | 8,862 | 4,425 | (479) | 3,609 | 2,075 | 818 |
| Cash dividend | – | 428 | 891 | 891 | 891 | 356 |
| Bonus shares | – | 856 | 713 | – | – | – |
| Balance Sheet | ||||||
| Property, plant and equipment | 45,842 | 31,351 | 23,936 | 18,994 | 16,104 | 15,969 |
| Intangible | 52 | 78 | 90 | 45 | 24 | 34 |
| Long term investment, loans, | ||||||
| advances and deposits | 4,193 | 3,747 | 2,862 | 492 | 299 | 291 |
| Net current assets | 8,372 | 5,540 | 1,017 | 4,819 | 3,193 | 2,088 |
| Total assets employed | 58,459 | 47,716 | 27,905 | 24,350 | 19,620 | 18,382 |
| Represented by: | ||||||
| Share capital | 6,167 | 5,312 | 4,278 | 3,565 | 3,565 | 3,565 |
| Reserves | 29,966 | 21,952 | 9,685 | 11,768 | 9,056 | 7,349 |
| Shareholders’ equity | 36,133 | 27,264 | 13,963 | 15,333 | 12,621 | 10,914 |
| Long term loans | 20,551 | 18,571 | 13,446 | 8,857 | 6,912 | 7,146 |
| Deferred liabilities | 753 | 413 | 172 | 158 | 87 | 322 |
| Total capital employed | 57,437 | 46,248 | 27,581 | 24,348 | 19,620 | 18,382 |
| Cash Flow Statement | ||||||
| Operating activities | 3,512 | (1635) | (20) | 160 | (1,083) | 2,071 |
| Investing activities | (10,664) | (9,867) | (8,806) | (4,899) | (1,956) | (5,275) |
| Financing activities | 2,432 | 6,837 | 2,298 | 875 | 100 | 4,097 |
| Cash and cash equivalents at | ||||||
| the end of the year | (33,571) | (28,852) | (24,998) | (18,470) | (14,606) | (11,665) |
| Financial Ratios | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Profitability ratios | ||||||
| Gross profit ratio | 17.32 | 16.34 | 16.81 | 20.92 | 20.99 | 17.99 |
| Operating leverage ratio | 2.75 | 6.27 | 11.09 | 2.56 | 6.96 | (1.03) |
| EBITDA margin to sales | 16.07 | 12.87 | 7.61 | 12.99 | 11.37 | 8.16 |
| Net profit to sales | 8.84 | 5.62 | (0.89) | 6.30 | 4.55 | 2.04 |
| Return on equity | 27.96 | 21.46 | (3.27) | 25.82 | 17.63 | 8.34 |
| Return on capital employed | 25.34 | 20.33 | 7.44 | 24.94 | 17.45 | 10.52 |
| Liquidity ratios | ||||||
| Current ratio | 1.15 | 1.13 | 1.03 | 1.16 | 1.14 | 1.11 |
| Quick / acid test ratio | 0.54 | 0.58 | 0.30 | 0.39 | 0.40 | 0.37 |
| Cash to current liabilities | 0.03 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| Cash flow from operations to sales | 0.04 | (0.02) | (0.00) | 0.00 | (0.02) | 0.05 |
| Capital structure ratios | ||||||
| Financial leverage ratio | 1.64 | 1.84 | 2.82 | 1.89 | 1.85 | 1.81 |
| Weighted average cost of debt | 4.88 | 4.34 | 5.87 | 4.54 | 3.57 | 3.87 |
| Debt to equity ratio | 0.36 | 0.41 | 0.49 | 0.37 | 0.35 | 0.40 |
| Interest cover ratio | 4.92 | 3.86 | 0.96 | 3.72 | 3.36 | 1.92 |
| Turnover ratios | ||||||
| Inventory turnover | 125 | 136 | 192 | 151 | 145 | 146 |
| Inventory turnover ratio | 2.93 | 2.68 | 1.90 | 2.42 | 2.52 | 2.50 |
| Debtor turnover | 72 | 54 | 43 | 40 | 35 | 26 |
| Debtor turnover ratio | 5.04 | 6.74 | 8.45 | 9.19 | 10.44 | 14.04 |
| Creditors turnover | 94 | 100 | 175 | 136 | 142 | 208 |
| Creditors turnover ratio | 3.97 | 3.25 | 1.83 | 2.44 | 2.46 | 1.79 |
| Fixed assets turnover ratio | 2.19 | 2.05 | 2.25 | 3.02 | 2.83 | 2.51 |
| Total assets turnover ratio | 0.87 | 0.86 | 0.81 | 1.05 | 1.05 | 1.09 |
| Operating cycle | 104 | 90 | 60 | 54 | 38 | (35) |
| Investor information | ||||||
| Earnings per share | 14.37 | 7.83 | (1.12) | 10.12 | 5.82 | 2.50 |
| Price earning ratio | 2.35 | 6.48 | (25.56) | 4.65 | 7.38 | 16.36 |
| Price to book ratio | 0.18 | 0.29 | 0.18 | 0.31 | 0.35 | 0.40 |
| Dividend yield ratio | – | 0.02 | 0.09 | 0.05 | 0.06 | 0.02 |
| Cash dividend per share | – | 1.00 | 2.50 | 2.50 | 2.50 | 1.00 |
| Bonus shares issued | – | 2.00 | 2.00 | – | – | – |
| Dividend payout ratio | – | 0.13 | 0.25 | 0.43 | 1.00 | 0.26 |
| Dividend cover ratio | – | 7.83 | (0.45) | 4.05 | 2.33 | 2.50 |
| Break – up value per share | 58.59 | 51.33 | 32.64 | 43.01 | 35.40 | 33.40 |
| Market value per share | ||||||
| at the end of the year | 33.81 | 50.73 | 28.63 | 47.12 | 42.93 | 40.98 |
| high during the year. | 60.80 | 58.32 | 49.62 | 58.40 | 49.50 | 61.20 |
| low during the year | 32.80 | 28.93 | 21.45 | 38.25 | 32.52 | 36.00 |
| EBITDA | 16,112 | 10,141 | 4,103 | 7,442 | 5,186 | 3,267 |
| *Ratio restated based on number of shares outstanding as on June 30, 2021. | ||||||
2022-2023
2021-2022
2020-2021
2019-2020
2018-2019
2017-2018
2016-2017
2015-2016
2014-2015
2013-2014
2012-2013
2011-2012
2010-2011
2009-2010
Financial Information
Financial Highlights
| Amount in PKR. millions | ||||||
|---|---|---|---|---|---|---|
| Profit & Loss | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
| Sales | 100,257 | 78,774 | 53,941 | 57,288 | 45,626 | 40,066 |
| Gross profit | 17,368 | 12,869 | 9,069 | 11,982 | 9,576 | 7,207 |
| Operating profit | 13,138 | 7,506 | 1,932 | 5,482 | 3,315 | 1,686 |
| Earnings before interest and tax | 13,138 | 7,506 | 1,932 | 5,482 | 3,315 | 1,686 |
| Profit / (loss) before tax | 10,469 | 5,562 | (76) | 4,008 | 2,328 | 809 |
| Profit / (loss) after tax | 8,862 | 4,425 | (479) | 3,609 | 2,075 | 818 |
| Cash dividend | – | 428 | 891 | 891 | 891 | 356 |
| Bonus shares | – | 856 | 713 | – | – | – |
| Balance Sheet | ||||||
| Property, plant and equipment | 45,842 | 31,351 | 23,936 | 18,994 | 16,104 | 15,969 |
| Intangible | 52 | 78 | 90 | 45 | 24 | 34 |
| Long term investment, loans, | ||||||
| advances and deposits | 4,193 | 3,747 | 2,862 | 492 | 299 | 291 |
| Net current assets | 8,372 | 5,540 | 1,017 | 4,819 | 3,193 | 2,088 |
| Total assets employed | 58,459 | 47,716 | 27,905 | 24,350 | 19,620 | 18,382 |
| Represented by: | ||||||
| Share capital | 6,167 | 5,312 | 4,278 | 3,565 | 3,565 | 3,565 |
| Reserves | 29,966 | 21,952 | 9,685 | 11,768 | 9,056 | 7,349 |
| Shareholders’ equity | 36,133 | 27,264 | 13,963 | 15,333 | 12,621 | 10,914 |
| Long term loans | 20,551 | 18,571 | 13,446 | 8,857 | 6,912 | 7,146 |
| Deferred liabilities | 753 | 413 | 172 | 158 | 87 | 322 |
| Total capital employed | 57,437 | 46,248 | 27,581 | 24,348 | 19,620 | 18,382 |
| Cash Flow Statement | ||||||
| Operating activities | 3,512 | (1635) | (20) | 160 | (1,083) | 2,071 |
| Investing activities | (10,664) | (9,867) | (8,806) | (4,899) | (1,956) | (5,275) |
| Financing activities | 2,432 | 6,837 | 2,298 | 875 | 100 | 4,097 |
| Cash and cash equivalents at | ||||||
| the end of the year | (33,571) | (28,852) | (24,998) | (18,470) | (14,606) | (11,665) |
| Financial Ratios | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Profitability ratios | ||||||
| Gross profit ratio | 17.32 | 16.34 | 16.81 | 20.92 | 20.99 | 17.99 |
| Operating leverage ratio | 2.75 | 6.27 | 11.09 | 2.56 | 6.96 | (1.03) |
| EBITDA margin to sales | 16.07 | 12.87 | 7.61 | 12.99 | 11.37 | 8.16 |
| Net profit to sales | 8.84 | 5.62 | (0.89) | 6.30 | 4.55 | 2.04 |
| Return on equity | 27.96 | 21.46 | (3.27) | 25.82 | 17.63 | 8.34 |
| Return on capital employed | 25.34 | 20.33 | 7.44 | 24.94 | 17.45 | 10.52 |
| Liquidity ratios | ||||||
| Current ratio | 1.15 | 1.13 | 1.03 | 1.16 | 1.14 | 1.11 |
| Quick / acid test ratio | 0.54 | 0.58 | 0.30 | 0.39 | 0.40 | 0.37 |
| Cash to current liabilities | 0.03 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| Cash flow from operations to sales | 0.04 | (0.02) | (0.00) | 0.00 | (0.02) | 0.05 |
| Capital structure ratios | ||||||
| Financial leverage ratio | 1.64 | 1.84 | 2.82 | 1.89 | 1.85 | 1.81 |
| Weighted average cost of debt | 4.88 | 4.34 | 5.87 | 4.54 | 3.57 | 3.87 |
| Debt to equity ratio | 0.36 | 0.41 | 0.49 | 0.37 | 0.35 | 0.40 |
| Interest cover ratio | 4.92 | 3.86 | 0.96 | 3.72 | 3.36 | 1.92 |
| Turnover ratios | ||||||
| Inventory turnover | 125 | 136 | 192 | 151 | 145 | 146 |
| Inventory turnover ratio | 2.93 | 2.68 | 1.90 | 2.42 | 2.52 | 2.50 |
| Debtor turnover | 72 | 54 | 43 | 40 | 35 | 26 |
| Debtor turnover ratio | 5.04 | 6.74 | 8.45 | 9.19 | 10.44 | 14.04 |
| Creditors turnover | 94 | 100 | 175 | 136 | 142 | 208 |
| Creditors turnover ratio | 3.97 | 3.25 | 1.83 | 2.44 | 2.46 | 1.79 |
| Fixed assets turnover ratio | 2.19 | 2.05 | 2.25 | 3.02 | 2.83 | 2.51 |
| Total assets turnover ratio | 0.87 | 0.86 | 0.81 | 1.05 | 1.05 | 1.09 |
| Operating cycle | 104 | 90 | 60 | 54 | 38 | (35) |
| Investor information | ||||||
| Earnings per share | 14.37 | 7.83 | (1.12) | 10.12 | 5.82 | 2.50 |
| Price earning ratio | 2.35 | 6.48 | (25.56) | 4.65 | 7.38 | 16.36 |
| Price to book ratio | 0.18 | 0.29 | 0.18 | 0.31 | 0.35 | 0.40 |
| Dividend yield ratio | – | 0.02 | 0.09 | 0.05 | 0.06 | 0.02 |
| Cash dividend per share | – | 1.00 | 2.50 | 2.50 | 2.50 | 1.00 |
| Bonus shares issued | – | 2.00 | 2.00 | – | – | – |
| Dividend payout ratio | – | 0.13 | 0.25 | 0.43 | 1.00 | 0.26 |
| Dividend cover ratio | – | 7.83 | (0.45) | 4.05 | 2.33 | 2.50 |
| Break – up value per share | 58.59 | 51.33 | 32.64 | 43.01 | 35.40 | 33.40 |
| Market value per share | ||||||
| at the end of the year | 33.81 | 50.73 | 28.63 | 47.12 | 42.93 | 40.98 |
| high during the year. | 60.80 | 58.32 | 49.62 | 58.40 | 49.50 | 61.20 |
| low during the year | 32.80 | 28.93 | 21.45 | 38.25 | 32.52 | 36.00 |
| EBITDA | 16,112 | 10,141 | 4,103 | 7,442 | 5,186 | 3,267 |
| *Ratio restated based on number of shares outstanding as on June 30, 2021. | ||||||