Financial Information

Asset_2024

Asset_2023

Fixed_Assets_2024

Profit_After_Tax_2024

Equity_Growth_2024

Local_Export_2024

Market_Breakup_2024

Sales_Growth_2024

Profitability_Ratio_2024

Investor_Ratio_2024

TurnOver_Ratio_2024

Liqudity_Ratio_2024

Cash_Flow_2024

Capital_Structure_Ratio_2024

Financial Highlights

Amount in PKR. millions
Profit & Loss	2024	2023	2022	2021	2020	2019
Sales	143,146	111,968	100,257	78,774	53,941	57,288
Gross profit	17,191	16,695	17,368	12,869	9,069	11,982
Earnings before interest and tax	11,964	11,297	13,138	7,506	1,932	5,482
Profit / (loss) before tax	6,537	5,949	10,469	5,562	(76)	4,008
Profit / (loss) after tax	4,728	3,986	8,862	4,425	(479)	3,609
Cash dividend	–	–	428	891	891	891
Bonus shares	–	1,233	856	–	713	–

Balance Sheet
Property, plant and equipment	50,024	50,122	45,842	38,351	26,250	18,994
Intangible	45	38	52	78	90	45
Long term investment, loans,
advances and deposits	3,755	3,792	3,816	3,747	2,862	492
Net current assets	6,119	6,926	8,748	5,539	606	4,818
Total assets employed	59,943	60,878	58,458	47,715	29,808	24,348
Represented by:
Share capital	7,410	7,401	6,167	5,312	4,278	3,565
Reserves	37,353	32,671	29,966	21,952	9,685	11,768
Shareholders’ equity	44,762	40,072	36,133	27,264	13,963	15,333
Long term loans	14,592	20,117	20,551	18,571	13,446	8,857
Deferred liabilities	599	689	1,774	1,880	2,399	158
Total capital employed	59,952	60,878	58,458	47,715	29,808	24,348
Cash Flow Statement
Operating activities	4,075	16,269	5,468	(1,635)	(20)	160
Investing activities	(3,889)	(7,931)	10,664	(9,867)	(8,806)	(4,899)
Financing activities	(3,540)	(9,405)	10,634	6,837	2,298	875
Cash and cash equivalents at
the end of the year	(4,766)	(1,412)	(345)	28,852	24,998	18,470

Financial Ratios	2024	2023	2022	2021	2020	2019
Profitability ratios
Gross profit ratio	12.01	14.91	17.32	16.34	16.81	20.92
Operating leverage ratio	0.21	(1.20)	2.75	6.27	11.09	2.56
EBITDA margin to sales	11.48	13.36	16.07	12.87	7.61	12.99
Net profit to sales	3.30	3.56	8.84	5.62	(0.89)	6.30
Profit before tax margin	4.57	5.31	10.44	7.06	(0.14)	7.00
Return on equity	11.15	10.46	27.96	21.46	(3.27)	25.82
Return on capital employed	19.80	18.93	24.75	19.36	7.13	24.94

Liquidity ratios
Current ratio	1.08	1.11	1.15	1.12	1.02	1.16
Quick / acid test ratio	0.41	0.47	0.55	0.57	0.29	0.39
Cash to current liabilities	0.00	0.01	0.03	0.01	0.01	0.02
Cash flow from operations to sales	0.03	0.15	0.05	(0.02)	–	–

Capital structure ratios
Financial leverage ratio	1.34	1.33	1.64	1.84	2.82	1.89
Weighted average cost of debt	9.58	9.50	4.88	4.34	5.87	4.54
Debt to funding ratio	57.20	57.14	61.78	64.80	73.81	65.41
Interest cover ratio	2.20	2.11	4.92	3.86	0.96	3.72

Turnover ratios

Inventory turnover	127	140	130	140	192	151
Inventory turnover ratio	2.88	2.61	2.81	2.62	1.90	2.42
Debtor turnover	61	80	84	60	43	40
Debtor turnover ratio	5.97	4.57	4.36	6.03	8.45	9.19
Creditors turnover	111	120	105	113	175	136
Creditors turnover ratio	3.27	3.04	3.26	2.92	1.83	2.44
Fixed assets turnover ratio	2.86	2.33	2.19	2.05	2.05	3.02
Total assets turnover ratio	1.10	0.93	0.85	0.83	0.78	1.05
Operating cycle	76	100	109	87	60	55

Investor information
Earnings per share	6.39	5.39	11.97	7.83	(1.12)	10.12
Price earning ratio	3.30	3.31	2.82	6.48	(25.56)	4.65
Price to book ratio	0.35	0.33	0.58	0.99	0.88	1.10
Dividend yield ratio	–	–	–	0.02	0.09	0.05
Cash dividend per share	–	–	–	0.02	0.09	0.05
Bonus shares issued	–	20.00	20.00	–	20.00	–
Dividend payout ratio	–	–	–	0.13	0.25	0.43
Dividend cover ratio	–	–	–	7.83	(0.45)	4.05
Break – up value per share	60.48	54.15	58.59	51.33	32.64	43.01
Market value per share
at the end of the year	21.10	17.81	33.81	50.73	28.63	47.12
high during the year.	25.96	32.94	60.80	58.32	49.62	58.40
low during the year	16.83	17.81	32.80	28.93	21.45	38.25
EBITDA	16,436	14,963	16,112	10,141	4,103	7,442

*Ratio restated based on number of shares outstanding as on June 30, 2021.