Reported Earnings • Aug 22
Full year 2026 earnings released: EPS: PK₨21.92 (vs PK₨6.82 in FY 2025) Full year 2026 results: EPS: PK₨21.92 (up from PK₨6.82 in FY 2025). Revenue: PK₨120.3b (up 40% from FY 2025). Net income: PK₨2.89b (up 222% from FY 2025). Profit margin: 2.4% (up from 1.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Ankündigung • Aug 07
International Industries Limited to Report Fiscal Year 2026 Results on Aug 20, 2026 International Industries Limited announced that they will report fiscal year 2026 results on Aug 20, 2026 Reported Earnings • Apr 24
Third quarter 2026 earnings released: EPS: PK₨3.41 (vs PK₨4.12 in 3Q 2025) Third quarter 2026 results: EPS: PK₨3.41 (down from PK₨4.12 in 3Q 2025). Revenue: PK₨30.5b (up 55% from 3Q 2025). Net income: PK₨449.1m (down 17% from 3Q 2025). Profit margin: 1.5% (down from 2.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨169, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 167% over the past three years. Ankündigung • Apr 09
International Industries Limited to Report Q3, 2026 Results on Apr 23, 2026 International Industries Limited announced that they will report Q3, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨151, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 14x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 157% over the past three years. Upcoming Dividend • Feb 02
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 09 February 2026. Payment date: 04 March 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Pakistani dividend payers (6.7%). Higher than average of industry peers (1.5%). New Risk • Jan 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (PK₨23.2b market cap, or US$82.8m). Ankündigung • Jan 15
International Industries Limited to Report First Half, 2026 Results on Jan 29, 2026 International Industries Limited announced that they will report first half, 2026 results on Jan 29, 2026 Reported Earnings • Oct 30
First quarter 2026 earnings released: EPS: PK₨2.56 (vs PK₨0.97 loss in 1Q 2025) First quarter 2026 results: EPS: PK₨2.56 (up from PK₨0.97 loss in 1Q 2025). Revenue: PK₨27.9b (up 48% from 1Q 2025). Net income: PK₨337.7m (up PK₨465.8m from 1Q 2025). Profit margin: 1.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨26.9b (US$95.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (PK₨26.9b market cap, or US$95.7m). Upcoming Dividend • Sep 09
Upcoming dividend of PK₨4.00 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Pakistani dividend payers (7.4%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨222, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 30x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 155% over the past three years. Ankündigung • Aug 25
International Industries Limited, Annual General Meeting, Sep 26, 2025 International Industries Limited, Annual General Meeting, Sep 26, 2025. Location: at the jasmine hall, beach luxury hotel, off: m.t. khan road, karachi Pakistan Declared Dividend • Aug 25
Dividend of PK₨4.00 announced Shareholders will receive a dividend of PK₨4.00. Ex-date: 16th September 2025 Payment date: 17th October 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 35% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.0% EPS decline seen over the last 5 years. Reported Earnings • Aug 23
Full year 2025 earnings released: EPS: PK₨6.82 (vs PK₨16.44 in FY 2024) Full year 2025 results: EPS: PK₨6.82 (down from PK₨16.44 in FY 2024). Revenue: PK₨85.8b (down 14% from FY 2024). Net income: PK₨899.0m (down 59% from FY 2024). Profit margin: 1.0% (down from 2.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Ankündigung • Aug 22
International Industries Limited Recommends Final Cash Dividend for the Year Ended June 30, 2025 International Industries Limited at the board meeting held on August 21, 2025, recommended a final cash dividend of PKR 4.00 per share i.e. 40% for the year ended June 30, 2025. The Share transfer books of the Company will remain closed from September 18, 2025 to September 26, 2025 (both days inclusive). transfers received in order at the offices of Shares Registrar M/s CDC Share Registrar Services Ltd., CDC House, 99-B, Block B, S.M.CH.S, Shahrah-e-Faisal, Karachi by the close of business on September 17, 2025 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the right to attend the 77th annual general meeting and the entitlement of 40% Final Cash Dividend i.e. PKR 4.00 per share. Ankündigung • Aug 13
International Industries Limited to Report Fiscal Year 2025 Results on Aug 21, 2025 International Industries Limited announced that they will report fiscal year 2025 results on Aug 21, 2025 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨194, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 26x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨178, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 22x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨145, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 21x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 68% over the past three years. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (PK₨18.5b market cap, or US$65.8m). Reported Earnings • May 03
Third quarter 2025 earnings released: EPS: PK₨4.12 (vs PK₨2.14 in 3Q 2024) Third quarter 2025 results: EPS: PK₨4.12 (up from PK₨2.14 in 3Q 2024). Revenue: PK₨19.6b (down 22% from 3Q 2024). Net income: PK₨542.8m (up 92% from 3Q 2024). Profit margin: 2.8% (up from 1.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to PK₨151. The fair value is estimated to be PK₨191, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 19%. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to PK₨151. The fair value is estimated to be PK₨194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 19%. Reported Earnings • Feb 05
Second quarter 2025 earnings released: EPS: PK₨0.96 (vs PK₨8.10 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.96 (down from PK₨8.10 in 2Q 2024). Revenue: PK₨24.8b (down 8.7% from 2Q 2024). Net income: PK₨127.1m (down 88% from 2Q 2024). Profit margin: 0.5% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨165, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 52% over the past three years. Reported Earnings • Oct 31
First quarter 2025 earnings released: PK₨0.97 loss per share (vs PK₨2.66 profit in 1Q 2024) First quarter 2025 results: PK₨0.97 loss per share (down from PK₨2.66 profit in 1Q 2024). Revenue: PK₨18.9b (down 31% from 1Q 2024). Net loss: PK₨128.1m (down 137% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Oct 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (PK₨18.5b market cap, or US$66.7m). Upcoming Dividend • Sep 11
Upcoming dividend of PK₨3.50 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 18 October 2024. Trailing yield: 3.4%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (5.5%). New Risk • Sep 02
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (PK₨20.5b market cap, or US$73.6m). Ankündigung • Aug 27
International Industries Limited, Annual General Meeting, Sep 27, 2024 International Industries Limited, Annual General Meeting, Sep 27, 2024. Location: at the jasmine hall, beach luxury hotel, off: m.t. khan road, karachi Pakistan Declared Dividend • Aug 26
Dividend increased to PK₨3.50 Dividend of PK₨3.50 is 75% higher than last year. Ex-date: 18th September 2024 Payment date: 18th October 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (PK₨24.1b market cap, or US$86.5m). Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director Haider Rashid was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨182, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 13% over the past three years. Reported Earnings • May 08
Third quarter 2024 earnings released: EPS: PK₨2.14 (vs PK₨9.39 in 3Q 2023) Third quarter 2024 results: EPS: PK₨2.14 (down from PK₨9.39 in 3Q 2023). Revenue: PK₨25.2b (down 20% from 3Q 2023). Net income: PK₨282.3m (down 77% from 3Q 2023). Profit margin: 1.1% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 13
Second quarter 2024 earnings released: EPS: PK₨8.10 (vs PK₨4.19 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨8.10 (up from PK₨4.19 loss in 2Q 2023). Revenue: PK₨27.2b (up 18% from 2Q 2023). Net income: PK₨1.07b (up PK₨1.62b from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 16% per year. Upcoming Dividend • Feb 02
Upcoming dividend of PK₨2.00 per share at 5.7% yield Eligible shareholders must have bought the stock before 09 February 2024. Payment date: 05 March 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨134, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 7x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 10% over the past three years. Reported Earnings • Nov 02
First quarter 2024 earnings released: EPS: PK₨2.66 (vs PK₨4.69 in 1Q 2023) First quarter 2024 results: EPS: PK₨2.66 (down from PK₨4.69 in 1Q 2023). Revenue: PK₨27.2b (up 22% from 1Q 2023). Net income: PK₨350.9m (down 43% from 1Q 2023). Profit margin: 1.3% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 11
Upcoming dividend of PK₨2.00 per share at 8.5% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 8.5%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (3.4%). Reported Earnings • Sep 07
Full year 2023 earnings released: EPS: PK₨23.36 (vs PK₨18.39 in FY 2022) Full year 2023 results: EPS: PK₨23.36 (up from PK₨18.39 in FY 2022). Revenue: PK₨100.7b (down 17% from FY 2022). Net income: PK₨3.08b (up 27% from FY 2022). Profit margin: 3.1% (up from 2.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (PK₨11.9b market cap, or US$41.3m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨84.63, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 9x in the Metals and Mining industry in Pakistan. Total returns to shareholders of 6.2% over the past three years. New Risk • Jun 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 152% Dividend yield: 16% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (PK₨9.78b market cap, or US$34.1m). Reported Earnings • May 03
Third quarter 2023 earnings released: EPS: PK₨9.39 (vs PK₨4.19 in 3Q 2022) Third quarter 2023 results: EPS: PK₨9.39 (up from PK₨4.19 in 3Q 2022). Revenue: PK₨31.5b (down 9.9% from 3Q 2022). Net income: PK₨1.24b (up 124% from 3Q 2022). Profit margin: 3.9% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Second quarter 2023 earnings released: PK₨4.19 loss per share (vs PK₨5.07 profit in 2Q 2022) Second quarter 2023 results: PK₨4.19 loss per share (down from PK₨5.07 profit in 2Q 2022). Revenue: PK₨23.1b (down 9.4% from 2Q 2022). Net loss: PK₨552.3m (down 183% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to PK₨135 Down from PK₨201, the current price target is provided by 1 analyst. New target price is 41% above last closing price of PK₨95.46. Stock is down 37% over the past year. The company posted earnings per share of PK₨18.38 last year. Reported Earnings • Sep 13
Full year 2022 earnings released: EPS: PK₨18.38 (vs PK₨41.38 in FY 2021) Full year 2022 results: EPS: PK₨18.38 (down from PK₨41.38 in FY 2021). Revenue: PK₨121.7b (up 23% from FY 2021). Net income: PK₨2.42b (down 56% from FY 2021). Profit margin: 2.0% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 12
Upcoming dividend of PK₨6.00 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 7.5%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (4.2%). Reported Earnings • May 02
Third quarter 2022 earnings released: EPS: PK₨4.19 (vs PK₨12.56 in 3Q 2021) Third quarter 2022 results: EPS: PK₨4.19 (down from PK₨12.56 in 3Q 2021). Revenue: PK₨34.9b (up 36% from 3Q 2021). Net income: PK₨552.9m (down 67% from 3Q 2021). Profit margin: 1.6% (down from 6.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Haider Rashid was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 09
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 16 February 2022. Payment date: 11 March 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 10.0%. Within top quartile of Pakistani dividend payers (9.8%). Higher than average of industry peers (2.6%). Price Target Changed • Feb 03
Price target decreased to PK₨221 Down from PK₨265, the current price target is provided by 1 analyst. New target price is 64% above last closing price of PK₨134. Stock is down 37% over the past year. The company posted earnings per share of PK₨41.38 last year. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS PK₨11.48 (vs PK₨2.80 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨31.9b (up 51% from 1Q 2021). Net income: PK₨1.51b (up 310% from 1Q 2021). Profit margin: 4.7% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Full year 2021 earnings released: EPS PK₨41.38 (vs PK₨4.60 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨98.7b (up 50% from FY 2020). Net income: PK₨5.46b (up PK₨6.06b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Reported Earnings • Apr 28
Third quarter 2021 earnings released: EPS PK₨12.56 (vs PK₨1.51 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨25.6b (up 47% from 3Q 2020). Net income: PK₨1.66b (up PK₨1.86b from 3Q 2020). Profit margin: 6.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 21
International Industries Limited Appoints Asif Jooma as Director of the Company with Effect from March 19, 2021, to Fill the Casual Vacancy Created by the Resignation of Ehsan Malik International Industries Limited appointed Asif Jooma as Director of the Company with effect from March 19, 2021, to fill the casual vacancy created amongst the Board of Directors by the resignation of Ehsan A. Malik. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨182, the stock is trading at a trailing P/E ratio of 11.1x, down from the previous P/E ratio of 13.1x. This compares to an average P/E of 12x in the Metals and Mining industry in Pakistan. Total return to shareholders over the past three years is a loss of 24%. Reported Earnings • Feb 02
Second quarter 2021 earnings released: EPS PK₨21.68 (vs PK₨1.06 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨25.6b (up 40% from 2Q 2020). Net income: PK₨2.86b (up PK₨2.72b from 2Q 2020). Profit margin: 11% (up from 0.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 02
International Industries Limited Announces Management Changes International Industries Limited announced that after completing 28 years of Service in IIL, with the last 10 as the Chief Executive Officer, Mr. Riyaz Towfiq Chinoy will be stepping down as the Chief Executive Officer of the Company as at the close of business on 9th February 2021 in order to pursue other opportunities. Mr. Riyaz Chinoy will continue to serve on the Board of IIL. Mr. Riyaz Chinoy has played a pivotal role in strengthening the foundation of International Industries Ltd. The Board appointed Mr. Kamal A. Chinoy as the Chief Executive Officer with effect from 10 February 2021. Mr. Kamal Chinoy is the senior most Director of IIL having been appointed in 1984 & started his career with the company in 1980. He was the architect of the Company's sales & marketing practices while he served for 12 years. Is New 90 Day High Low • Jan 27
New 90-day high: PK₨222 The company is up 57% from its price of PK₨142 on 29 October 2020. The Pakistani market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period. Ankündigung • Jan 20
International Industries Limited Announces the Resignation of Ehsan Ali Malik as a Director of the Company International Industries Limited announced that they are in receipt of a resignation on January 13, 2021 from Mr. Ehsan Ali Malik, a Director of the company. The same has been accepted with immediate effect. Is New 90 Day High Low • Jan 11
New 90-day high: PK₨184 The company is up 35% from its price of PK₨137 on 13 October 2020. The Pakistani market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 31% over the same period. Ankündigung • Dec 23
International Industries Limited Announces Executive Changes International Industries Limited announced that Mohammad Irfan Bhatti has been appointed as Company Secretary of the Company with effect from December 21, 2020 in place of Mr. Sunaib Barkat. Is New 90 Day High Low • Dec 16
New 90-day high: PK₨163 The company is up 1.0% from its price of PK₨162 on 17 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 22
New 90-day low: PK₨133 The company is down 1.0% from its price of PK₨134 on 24 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. Reported Earnings • Oct 24
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨9.00m, down 99% from the prior year. Total revenue was PK₨70.7b over the last 12 months, down 7.2% from the prior year. 
