New Risk • May 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (PK₨13.7b market cap, or US$49.3m). Reported Earnings • May 01
Second quarter 2026 earnings released: EPS: PK₨9.72 (vs PK₨8.05 in 2Q 2025) Second quarter 2026 results: EPS: PK₨9.72 (up from PK₨8.05 in 2Q 2025). Revenue: PK₨7.18b (down 3.2% from 2Q 2025). Net income: PK₨335.9m (up 21% from 2Q 2025). Profit margin: 4.7% (up from 3.7% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Apr 22
Archroma Pakistan Limited to Report Q3, 2026 Results on Apr 29, 2026 Archroma Pakistan Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨399, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 10x in the Chemicals industry in Pakistan. Total loss to shareholders of 2.2% over the past three years. Reported Earnings • Jan 30
First quarter 2026 earnings released: EPS: PK₨12.79 (vs PK₨10.30 in 1Q 2025) First quarter 2026 results: EPS: PK₨12.79 (up from PK₨10.30 in 1Q 2025). Revenue: PK₨7.84b (up 8.7% from 1Q 2025). Net income: PK₨441.9m (up 24% from 1Q 2025). Profit margin: 5.6% (up from 4.9% in 1Q 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 remained flat, which means it is well ahead of earnings. Annuncio • Jan 22
Archroma Pakistan Limited to Report Q1, 2026 Results on Jan 29, 2026 Archroma Pakistan Limited announced that they will report Q1, 2026 results on Jan 29, 2026 Upcoming Dividend • Dec 08
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 15 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Within top quartile of Pakistani dividend payers (7.3%). Higher than average of industry peers (6.6%). Reported Earnings • Dec 04
Full year 2025 earnings released: EPS: PK₨34.05 (vs PK₨15.81 loss in FY 2024) Full year 2025 results: EPS: PK₨34.05 (up from PK₨15.81 loss in FY 2024). Revenue: PK₨27.4b (up 11% from FY 2024). Net income: PK₨1.18b (up PK₨1.72b from FY 2024). Profit margin: 4.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% 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. Annuncio • Dec 03
Archroma Pakistan Limited Proposes Final Cash Dividend Archroma Pakistan Limited at Thirtieth Annual General Meeting on 24 December 2025 proposed to approve final cash dividend @ 100% i.e. (PKR 10 per share), as recommended by the Board. Annuncio • Oct 30
Archroma Pakistan Limited, Annual General Meeting, Dec 24, 2025 Archroma Pakistan Limited, Annual General Meeting, Dec 24, 2025. Location: at 1-a/1, sector 20, korangi industrial area, karachi Pakistan New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 102% Dividend yield: 8.7% 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 Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (102% payout ratio). Market cap is less than US$100m (PK₨16.0b market cap, or US$56.5m). Reported Earnings • Jul 31
Third quarter 2025 earnings released: EPS: PK₨8.09 (vs PK₨5.29 loss in 3Q 2024) Third quarter 2025 results: EPS: PK₨8.09 (up from PK₨5.29 loss in 3Q 2024). Revenue: PK₨6.87b (up 44% from 3Q 2024). Net income: PK₨279.7m (up PK₨462.4m from 3Q 2024). Profit margin: 4.1% (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 70 percentage points per year, which is a significant difference in performance. Annuncio • Jul 02
Archroma Pakistan Limited Announces Board Changes Archroma Pakistan Limited announced Dr. Lalarukh Ejaz, chairperson has/have ceased to be chairman of the company with effect from June 30, 2025 and Mr. Mujtaba Rahim has/have been appointed as chairman. Reported Earnings • Jan 29
First quarter 2025 earnings released: EPS: PK₨10.30 (vs PK₨3.01 loss in 1Q 2024) First quarter 2025 results: EPS: PK₨10.30 (up from PK₨3.01 loss in 1Q 2024). Revenue: PK₨7.22b (flat on 1Q 2024). Net income: PK₨356.1m (up PK₨460.2m from 1Q 2024). Profit margin: 4.9% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. New Risk • Jan 27
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 8.8% 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: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (PK₨16.5b market cap, or US$59.3m). Reported Earnings • Dec 10
Full year 2024 earnings released: PK₨15.81 loss per share (vs PK₨36.47 profit in FY 2023) Full year 2024 results: PK₨15.81 loss per share (down from PK₨36.47 profit in FY 2023). Revenue: PK₨24.8b (down 18% from FY 2023). Net loss: PK₨546.5m (down 144% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Nov 20
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 7.5% 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 (0.4x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (PK₨13.3b market cap, or US$48.0m). Annuncio • Nov 02
Archroma Pakistan Limited, Annual General Meeting, Dec 26, 2024 Archroma Pakistan Limited, Annual General Meeting, Dec 26, 2024. Location: at the company`s registered office, at plot no.1-a/1,sector 20, korangi industrial area, karachi Pakistan Reported Earnings • Aug 04
Third quarter 2024 earnings released: PK₨5.29 loss per share (vs PK₨8.25 profit in 3Q 2023) Third quarter 2024 results: PK₨5.29 loss per share (down from PK₨8.25 profit in 3Q 2023). Revenue: PK₨4.78b (down 29% from 3Q 2023). Net loss: PK₨182.7m (down 165% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 5.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.3% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (PK₨12.5b market cap, or US$44.9m). Annuncio • Mar 29
Archroma Pakistan Limited Announces Board of Directors Election, Effective 1 April 2024 Archroma Pakistan Limited has disclosed the election of its new board of directors for a three-year term starting 1 April 2024, in compliance with the Securities and Exchange Ordinance 1969, Section 15D. The company's registered office is located at 1-A/1, Sector-20, Korangi Industrial Area, Karachi, with Mr. M. Ifran Lakhani serving as the contact point. The newly elected directors include Messrs. Thomas Bucher, Patrick Verraes, Mujtaba Rahim, Irfan Chawala, Shahid Ghaffar, Dr. Lalarukh Ejaz, and Yasmin Habib Peermohammad. New Risk • Dec 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (43% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (PK₨18.3b market cap, or US$64.3m). Reported Earnings • Jul 28
Third quarter 2023 earnings released: EPS: PK₨8.25 (vs PK₨4.48 in 3Q 2022) Third quarter 2023 results: EPS: PK₨8.25 (up from PK₨4.48 in 3Q 2022). Revenue: PK₨6.75b (up 9.4% from 3Q 2022). Net income: PK₨281.4m (up 84% from 3Q 2022). Profit margin: 4.2% (up from 2.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 05
First quarter 2023 earnings released: EPS: PK₨4.53 (vs PK₨21.99 in 1Q 2022) First quarter 2023 results: EPS: PK₨4.53 (down from PK₨21.99 in 1Q 2022). Revenue: PK₨5.64b (down 17% from 1Q 2022). Net income: PK₨154.5m (down 79% from 1Q 2022). Profit margin: 2.7% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 09
Upcoming dividend of PK₨20.00 per share Eligible shareholders must have bought the stock before 16 December 2022. Payment date: 17 January 2023. Payout ratio is on the higher end at 81%, and the cash payout ratio is above 100%. Trailing yield: 7.5%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (13%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yasmin Peermohammad was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 02
Upcoming dividend of PK₨25.00 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 01 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 15%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (11%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yasmin Peermohammad was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 03
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: PK₨21.99 (up from PK₨14.06 in 1Q 2021). Revenue: PK₨6.76b (up 33% from 1Q 2021). Net income: PK₨750.2m (up 56% from 1Q 2021). Profit margin: 11% (up from 9.4% in 1Q 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 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨522, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 6x in the Chemicals industry in Pakistan. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Dec 14
Upcoming dividend of PK₨90.00 per share Eligible shareholders must have bought the stock before 21 December 2021. Payment date: 20 January 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 15%. Within top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (11%). Reported Earnings • Nov 01
Full year 2021 earnings released: EPS PK₨67.69 (vs PK₨34.27 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨19.9b (up 32% from FY 2020). Net income: PK₨2.31b (up 98% from FY 2020). Profit margin: 12% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Executive Departure • Oct 07
Non-Executive Director Roland Waibel has left the company On the 30th of September, Roland Waibel's tenure as Non-Executive Director ended after 7.9 years in the role. We don't have any record of a personal shareholding under Roland's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 03
Second quarter 2021 earnings released: EPS PK₨18.25 (vs PK₨13.16 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨4.94b (down 3.4% from 2Q 2020). Net income: PK₨622.5m (up 39% from 2Q 2020). Profit margin: 13% (up from 8.8% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Executive Departure • Apr 16
Chairman S. Ali has left the company On the 5th of April, S. Ali's tenure in the role of Chairman ended. We don't have any record of a personal shareholding under Ali's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jan 29
First quarter 2021 earnings released: EPS PK₨14.06 (vs PK₨9.77 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨5.10b (up 10% from 1Q 2020). Net income: PK₨479.7m (up 44% from 1Q 2020). Profit margin: 9.4% (up from 7.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 21
New 90-day high: PK₨590 The company is up 1.0% from its price of PK₨584 on 23 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period. Upcoming Dividend • Dec 12
Upcoming Dividend of PK₨30.00 Per Share Will be paid on the 19th of January to those who are registered shareholders by the 18th of December. The trailing yield of 7.8% is below the top quartile of Pakistani dividend payers (7.9%), and is lower than industry peers (9.6%). Is New 90 Day High Low • Nov 02
New 90-day low: PK₨535 The company is down 5.0% from its price of PK₨561 on 04 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 2.0% over the same period. 