Financial Information

Asset_2020

Asset_2020

Fixed_Assets_2021

Profit_After_Tax_2021

Equity_Growth_2021

Local_Export_2021

Market_Breakup_2021

Sales_Growth_2021

Profitability_Ratio_2020

Investor_Ratio_2020

TurnOver_Ratio_2021

Liqudity_Ratio_2021

Cash_Flow_2021

Capital_Structure_Ratio_2021

Financial Highlights

Amount in PKR. millions
Profit & Loss 2021 2020 2019 2018 2017 2016
Sales 86,424 53,941 57,288 45,626 40,066 32,275
Gross profit 16,883 9,069 11,982 9,576 7,207 7,306
Operating profit 8,458 1,932 5,482 3,315 1,686 2,245
Earnings before interest and tax 8,458 1,932 5,482 3,315 1,686 2,245
Profit / (loss) before tax 6,117 (76) 4,008 2,328 809 1,335
Profit / (loss) after tax 5,133 (479) 3,609 2,075 818 1,141
Cash dividend 428 891 891 891 356 555
Bonus shares 856 713              –              –
Balance Sheet
Property, plant and equipment 31,019 23,936 18,994 16,104 15,969 12,050
Intangible 81 90 45 24 34 13
Long term investment, loans,
advances and deposits 2,798 2,862 492 299 291 236
Net current assets 4,888 1,017 4,819 3,193 2,088 1,394
Total assets employed 38,786 27,905 24,350 19,620 18,382 13,693
Represented by:
Share capital 4,278 4,278 3,565 3,565 3,565 2,971
Reserves 14,408 9,685 11,768 9,056 7,349 5,746
Shareholders’ equity 18,686  13,963 15,333 12,621 10,914 8,717
Long term loans 18,571 13,446 8,857 6,912 7,146 4,630
Deferred liabilities 155 172 158 87 322 345
Total capital employed 37,412 27,616 24,348 19,620 18,382 13,692
Cash Flow Statement
Operating activities 43 (20) 160 (1,083) 2,071 (2,085)
Investing activities (9,904) (8,806) (4,899) (1,956) (5,275) (4,159)
Financing activities 6,424 2,298 875 100 4,097 2,407
Cash and cash equivalents at
the end of the year (28,434) (24,998) (18,470) (14,606) (11,665) (12,559)
Financial Ratios      2021      2020       2019       2018      2017       2016
Profitability ratios
Gross profit ratio 19.53 16.81 20.92 20.99 17.99 22.64
Operating leverage ratio 5.61 11.09 2.56 6.96 (1.03) (1.86)
EBITDA margin to sales 12.95 7.61 12.99 11.37 10.44 10.44
Net profit to sales 5.94 (0.89) 6.30 4.55 2.04 3.54
Return on equity 31.44 (3.27) 25.82 17.63 8.34 14.37
Return on capital employed 26.03 7.44 24.94 17.45 10.52 18.97
Liquidity ratios
Current ratio 1.10 1.03 1.16 1.14 1.11 1.08
Quick / acid test ratio 0.43 0.30 0.39 0.40 0.37 0.26
Cash to current liabilities 0.01 0.01 0.02 0.02 0.01 0.02
Cash flow from operations to sales 0.00 (0.00) 0.00 (0.02) 0.05 (0.06)
Capital structure ratios
Financial leverage ratio 2.69 2.82 1.89 1.85 1.81 2.06
Weighted average cost of debt 0.05 0.06 0.05 0.04 0.04 0.04
Debt to equity ratio 0.99 0.96 0.58 0.55 0.65 0.53
Interest cover ratio 3.61 0.96 3.72 3.36 1.92 2.47
Turnover ratios
Inventory turnover 149 192 151 145 146 184
Inventory turnover ratio 2.45 1.90 2.42 2.52 2.50 1.99
Debtor turnover 37 43 40 35 26 24
Debtor turnover ratio 9.90 8.45 9.19 10.44 14.04 15.09
Creditors turnover 94 175 136 142 208 269
Creditors turnover ratio 3.52 1.83 2.44 2.46 1.79 1.50
Fixed assets turnover ratio 2.79 2.25 3.02 2.83 2.51 2.68
Total assets turnover ratio 0.97 0.81 1.05 1.05 1.09 1.00
Operating cycle 92 60 54 38 (35) (61)
Investor information
Earnings per share 10.00 (1.12) 10.12 5.82 2.50 3.92
Price earning ratio 5.07 (25.56) 4.65 7.38 16.36 9.23
Price to book ratio 0.24 0.18 0.31 0.35 0.40 0.33
Dividend yield ratio 0.02 0.09 0.05 0.06 0.02 0.03
Cash dividend per share 1.00 2.50 2.50 2.50 1.00 1.00
Bonus shares issued 2.00 2.00
Dividend payout ratio (0.89) 0.25 0.43 1.00 0.26 0.43
Dividend cover ratio 10.00 (0.45) 4.05 2.33 2.50 3.92
Break – up value per share 43.68 32.64 43.01 35.40 33.40 29.93
Market value per share
at the end of the year 50.73 28.63 47.12 42.93 40.98 36.19
high during the year. 58.32 49.62 58.4 49.5 61.2 53.2
low during the year 28.93 21.45 38.25 32.52 36.00 32.99
EBITDA 11,195 4,103 7,442 5,186 3,267 3,371
*Ratio restated based on number of shares outstanding as on June 30, 2020.