New Risk • 19h
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨7.57b market cap, or US$27.2m). New Risk • May 22
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 9.7% 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 (1.3x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (PK₨8.28b market cap, or US$29.7m). Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨7.02 (vs PK₨5.69 in 3Q 2025) Third quarter 2026 results: EPS: PK₨7.02 (up from PK₨5.69 in 3Q 2025). Revenue: PK₨29.5b (up 4.1% from 3Q 2025). Net income: PK₨380.9m (up 24% from 3Q 2025). Profit margin: 1.3% (up from 1.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Apr 22
Indus Dyeing & Manufacturing Company Limited to Report Q3, 2026 Results on Apr 30, 2026 Indus Dyeing & Manufacturing Company Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨109, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total loss to shareholders of 9.2% over the past three years. Reported Earnings • Mar 04
Second quarter 2026 earnings released: PK₨3.86 loss per share (vs PK₨1.81 profit in 2Q 2025) Second quarter 2026 results: PK₨3.86 loss per share (down from PK₨1.81 profit in 2Q 2025). Revenue: PK₨25.6b (down 4.9% from 2Q 2025). Net loss: PK₨209.5m (down 314% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨130, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total loss to shareholders of 1.9% over the past three years. Annuncio • Feb 20
Indus Dyeing & Manufacturing Company Limited to Report First Half, 2026 Results on Feb 28, 2026 Indus Dyeing & Manufacturing Company Limited announced that they will report first half, 2026 results on Feb 28, 2026 Annuncio • Oct 24
Indus Dyeing & Manufacturing Company Limited to Report Q1, 2026 Results on Oct 30, 2025 Indus Dyeing & Manufacturing Company Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Oct 11
Full year 2025 earnings released: EPS: PK₨10.61 (vs PK₨9.82 in FY 2024) Full year 2025 results: EPS: PK₨10.61 (up from PK₨9.82 in FY 2024). Revenue: PK₨106.6b (flat on FY 2024). Net income: PK₨575.3m (up 8.0% from FY 2024). Profit margin: 0.5% (in line with FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Annuncio • Oct 08
Indus Dyeing & Manufacturing Company Limited, Annual General Meeting, Oct 28, 2025 Indus Dyeing & Manufacturing Company Limited, Annual General Meeting, Oct 28, 2025. Location: at plot no. 3 & 7 sector 25, korangi lndustrial area, karachi Pakistan Annuncio • Sep 30
Indus Dyeing & Manufacturing Company Limited to Report Fiscal Year 2025 Results on Oct 06, 2025 Indus Dyeing & Manufacturing Company Limited announced that they will report fiscal year 2025 results at 9:30 AM, Pakistan Standard Time on Oct 06, 2025 New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨10.9b market cap, or US$38.3m). Reported Earnings • May 29
Third quarter 2025 earnings released: EPS: PK₨5.69 (vs PK₨2.65 loss in 3Q 2024) Third quarter 2025 results: EPS: PK₨5.69 (up from PK₨2.65 loss in 3Q 2024). Revenue: PK₨28.4b (up 18% from 3Q 2024). Net income: PK₨308.5m (up PK₨452.3m from 3Q 2024). Profit margin: 1.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Apr 28
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 6.5% 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 (1.0x net interest cover). Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (PK₨6.59b market cap, or US$23.5m). Buy Or Sell Opportunity • Apr 21
Now 22% undervalued Over the last 90 days, the stock has risen 4.8% to PK₨126. The fair value is estimated to be PK₨160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 05
Second quarter 2025 earnings released: EPS: PK₨1.81 (vs PK₨7.48 in 2Q 2024) Second quarter 2025 results: EPS: PK₨1.81 (down from PK₨7.48 in 2Q 2024). Revenue: PK₨27.0b (up 2.2% from 2Q 2024). Net income: PK₨98.1m (down 76% from 2Q 2024). Profit margin: 0.4% (down from 1.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 09
Full year 2024 earnings released: EPS: PK₨9.82 (vs PK₨36.74 in FY 2023) Full year 2024 results: EPS: PK₨9.82 (down from PK₨36.74 in FY 2023). Revenue: PK₨67.7b (down 17% from FY 2023). Net income: PK₨73.0m (down 96% from FY 2023). Profit margin: 0.1% (down from 2.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annuncio • Oct 08
Indus Dyeing & Manufacturing Company Limited, Annual General Meeting, Oct 28, 2024 Indus Dyeing & Manufacturing Company Limited, Annual General Meeting, Oct 28, 2024. Location: at plot no.3&7, sector no.25, korangi industrial area, karachi Pakistan Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨134, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total loss to shareholders of 48% over the past three years. Reported Earnings • May 05
Third quarter 2024 earnings released: PK₨2.65 loss per share (vs PK₨0.34 profit in 3Q 2023) Third quarter 2024 results: PK₨2.65 loss per share (down from PK₨0.34 profit in 3Q 2023). Revenue: PK₨24.1b (up 15% from 3Q 2023). Net loss: PK₨143.8m (down PK₨162.0m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Nov 28
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 6.6% 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 Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (PK₨8.36b market cap, or US$29.3m). Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨155, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total loss to shareholders of 9.7% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨137, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Oct 12
Full year 2023 earnings released: EPS: PK₨36.74 (vs PK₨184 in FY 2022) Full year 2023 results: EPS: PK₨36.74 (down from PK₨184 in FY 2022). Revenue: PK₨81.6b (up 8.4% from FY 2022). Net income: PK₨1.99b (down 80% from FY 2022). Profit margin: 2.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • Aug 24
Indus Dyeing and Manufacturing Company Limited Appoints Mr. Yasir Anwar as Chief Financial Officer Indus Dyeing and Manufacturing Company Limited appointed Mr. Yasir Anwar as the Chief Financial Officer (CFO), effective from August 22, 2023. Mr. Yasir Anwar brings a wealth of financial expertise and strategic insight to his new role. He takes over the position of CFO from Mr. Muhammad Waseem Umer, who has served in this capacity. The appointment of Mr. Anwar underscores the company's commitment to bolstering its leadership team with experienced professionals capable of navigating the complex dynamics of the textile sector. Indus Dyeing's decision to appoint Mr. Anwar comes as part of the company's ongoing efforts to strengthen its leadership team and enhance its corporate governance practices. The company's dedication to appointing experienced professionals in key roles highlights its commitment to operational excellence and value creation for stakeholders. Mr. Anwar's appointment marks a strategic move by Indus Dyeing to align its financial management with its long-term business objectives. With his expertise, the company aims to navigate challenges, capitalize on Anwar as CFO is expected to contribute positively to the company's financial management and overall corporate strategy. New Risk • Jun 15
New major 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 8.2% 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 (2.8x net interest cover). High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (PK₨6.93b market cap, or US$24.1m). Upcoming Dividend • Jun 07
Upcoming dividend of PK₨2.00 per share at 7.8% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 6.5% but the company is not cash flow positive. Trailing yield: 7.8%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (4.7%). Reported Earnings • Jan 26
Third quarter 2022 earnings released: EPS: PK₨52.20 (vs PK₨24.80 in 3Q 2021) Third quarter 2022 results: EPS: PK₨52.20 (up from PK₨24.80 in 3Q 2021). Revenue: PK₨18.4b (up 29% from 3Q 2021). Net income: PK₨2.83b (up 111% from 3Q 2021). Profit margin: 15% (up from 9.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Dec 06
Indus Dyeing and Manufacturing Company Limited Appoints Muhammad Waseem Umer as Chief Financial Officer Indus Dyeing and Manufacturing Company Limited informed Pakistan Stock Exchange that Mr. Muhammad Waseem Umer has been appointed as Chief Financial Officer of the Company with effect from December 02, 2022 in place of Mr. Zahid Mehmood. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Azra Vawda was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Azra Vawda was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: PK₨18.2b (up 49% from 2Q 2021). Net income: PK₨2.16b (up 117% from 2Q 2021). Profit margin: 12% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Inaugural dividend of PK₨5.00 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 24 March 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in April 2021. The average dividend yield among industry peers is 3.6%. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨305, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 108% over the past three years. Reported Earnings • Oct 08
Full year 2021 earnings released: EPS PK₨72.75 (vs PK₨24.33 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: PK₨48.9m (down 100% from FY 2020). Net income: PK₨3.94m (down 100% from FY 2020). Profit margin: 8.1% (up from 3.5% in FY 2020). 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 13
Non-Executive Director Riaz Ahmed has left the company On the 30th of June, Riaz Ahmed's tenure as Non-Executive Director ended. We don't have any record of a personal shareholding under Riaz's name. Riaz is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨358, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨360, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 42% share price gain to PK₨912, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 9x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 142%. Is New 90 Day High Low • Mar 02
New 90-day high: PK₨693 The company is up 39% from its price of PK₨500 on 01 December 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. Reported Earnings • Mar 02
Second quarter 2021 earnings released: EPS PK₨55.24 (vs PK₨37.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨12.2b (up 23% from 2Q 2020). Net income: PK₨998.5m (up 49% from 2Q 2020). Profit margin: 8.2% (up from 6.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨658, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9.4x. This compares to an average P/E of 9x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 74%. Is New 90 Day High Low • Feb 02
New 90-day high: PK₨612 The company is up 12% from its price of PK₨545 on 04 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: PK₨462 The company is down 14% from its price of PK₨540 on 26 August 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. Upcoming Dividend • Nov 17
Upcoming Dividend of PK₨10.00 Per Share Will be paid on the 17th of December to those who are registered shareholders by the 24th of November. The trailing yield of 3.7% is below the top quartile of Pakistani dividend payers (8.0%), but is in line with industry peers (3.8%). Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 17% share price gain to PK₨585, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 9x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 54%. Reported Earnings • Nov 03
First quarter 2021 earnings released: EPS PK₨22.86 The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: PK₨10.1b (flat on 1Q 2020). Net income: PK₨413.2m (down 35% from 1Q 2020). Profit margin: 4.1% (down from 6.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 07
Full year earnings released - EPS PK₨73.00 Over the last 12 months the company has reported total profits of PK₨1.32b, down 43% from the prior year. Total revenue was PK₨37.2b over the last 12 months, up 5.1% from the prior year. Profit margins were 3.5%, which is lower than the 6.6% margin from last year. The decrease in margin was driven by higher expenses. 
