New Risk • Jul 21
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 7.2% 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 Risk Market cap is less than US$10m (PK₨1.03b market cap, or US$3.71m). Minor Risks High level of debt (49% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Annuncio • Jul 11
Safe Mix Concrete Limited Announces Chief Financial Officer Changes Safe Mix Concrete Limited announced that Mr. Farrukh Nawaz has been appointed as the Chief Financial Officer of the Company in place of Mr. Imran Haque, who has resigned from his role as Chief Financial Officer. Reported Earnings • Apr 29
Third quarter 2026 earnings released: EPS: PK₨0.89 (vs PK₨0.57 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.89 (up from PK₨0.57 in 3Q 2025). Revenue: PK₨556.6m (up 26% from 3Q 2025). Net income: PK₨22.3m (up 57% from 3Q 2025). Profit margin: 4.0% (up from 3.2% 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 2% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Annuncio • Apr 20
Safe Mix Concrete Limited to Report Q3, 2026 Results on Apr 27, 2026 Safe Mix Concrete Limited announced that they will report Q3, 2026 results on Apr 27, 2026 New Risk • Mar 10
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 9.3% 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 Share price has been highly volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$10m (PK₨951.3m market cap, or US$3.40m). Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (125% cash payout ratio). Reported Earnings • Mar 01
Second quarter 2026 earnings released: EPS: PK₨1.26 (vs PK₨0.67 in 2Q 2025) Second quarter 2026 results: EPS: PK₨1.26 (up from PK₨0.67 in 2Q 2025). Revenue: PK₨578.5m (up 56% from 2Q 2025). Net income: PK₨31.5m (up 87% from 2Q 2025). Profit margin: 5.4% (up from 4.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. New Risk • Mar 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨1.11b market cap, or US$3.99m). Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Annuncio • Feb 19
Safe Mix Concrete Limited to Report First Half, 2026 Results on Feb 27, 2026 Safe Mix Concrete Limited announced that they will report first half, 2026 results on Feb 27, 2026 New Risk • Jan 15
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 8.8% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$10m (PK₨1.20b market cap, or US$4.29m). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨49.71, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Basic Materials industry in Pakistan. Total returns to shareholders of 272% over the past three years. New Risk • Oct 11
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: 6.2% Last year net profit margin: 9.0% 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: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (PK₨1.04b market cap, or US$3.69m). Minor Risk Profit margins are more than 30% lower than last year (6.2% net profit margin). Upcoming Dividend • Oct 10
Upcoming dividend of PK₨2.50 per share Eligible shareholders must have bought the stock before 17 October 2025. Payment date: 18 November 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨43.45, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the Basic Materials industry in Pakistan. Total returns to shareholders of 326% over the past three years. Declared Dividend • Sep 12
Dividend increased to PK₨2.50 Dividend of PK₨2.50 is 25% higher than last year. Ex-date: 17th October 2025 Payment date: 18th November 2025 Dividend yield will be 6.4%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (51% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 11
Full year 2025 earnings released: EPS: PK₨4.11 (vs PK₨4.46 in FY 2024) Full year 2025 results: EPS: PK₨4.11 (down from PK₨4.46 in FY 2024). Revenue: PK₨1.65b (up 31% from FY 2024). Net income: PK₨102.7m (down 8.0% from FY 2024). Profit margin: 6.2% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Annuncio • Sep 04
Safe Mix Concrete Limited to Report Fiscal Year 2025 Results on Sep 09, 2025 Safe Mix Concrete Limited announced that they will report fiscal year 2025 results on Sep 09, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨31.67, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Basic Materials industry in Pakistan. Total returns to shareholders of 223% over the past three years. New Risk • Sep 02
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 9.2% 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 Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (PK₨719.8m market cap, or US$2.55m). Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by cash flows (216% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨24.18, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Basic Materials industry in Pakistan. Total returns to shareholders of 136% over the past three years. New Risk • Jul 25
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 9.1% 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 Market cap is less than US$10m (PK₨694.0m market cap, or US$2.44m). Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨26.93, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 10x in the Basic Materials industry in Pakistan. Total returns to shareholders of 332% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨22.31, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Basic Materials industry in Pakistan. Total returns to shareholders of 284% 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₨17.01, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Basic Materials industry in Pakistan. Total returns to shareholders of 191% over the past three years. New Risk • May 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨414.8m market cap, or US$1.48m). Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by cash flows (216% cash payout ratio). Reported Earnings • Mar 02
Second quarter 2025 earnings released: EPS: PK₨0.67 (vs PK₨0.45 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.67 (up from PK₨0.45 in 2Q 2024). Revenue: PK₨371.6m (up 33% from 2Q 2024). Net income: PK₨16.9m (up 51% from 2Q 2024). Profit margin: 4.5% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 02
First quarter 2025 earnings released: EPS: PK₨0.87 (vs PK₨1.55 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.87 (down from PK₨1.55 in 1Q 2024). Revenue: PK₨307.9m (up 9.1% from 1Q 2024). Net income: PK₨21.8m (down 44% from 1Q 2024). Profit margin: 7.1% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨19.70, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 8x in the Basic Materials industry in Pakistan. Total returns to shareholders of 192% over the past three years. New Risk • Sep 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 10% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (PK₨482.5m market cap, or US$1.74m). Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by cash flows (97% cash payout ratio). Revenue is less than US$5m (PK₨1.3b revenue, or US$4.5m). Annuncio • Sep 23
Safe Mix Concrete Limited, Annual General Meeting, Oct 25, 2024 Safe Mix Concrete Limited, Annual General Meeting, Oct 25, 2024. Location: at naya nazimabad gymkhana, naya nazimabad, manghopir road., karachi Pakistan Reported Earnings • Sep 22
Full year 2024 earnings released: EPS: PK₨4.46 (vs PK₨5.34 in FY 2023) Full year 2024 results: EPS: PK₨4.46 (down from PK₨5.34 in FY 2023). Revenue: PK₨1.26b (down 12% from FY 2023). Net income: PK₨111.6m (down 16% from FY 2023). Profit margin: 8.8% (down from 9.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨24.23, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 8x in the Basic Materials industry in Pakistan. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨23.28, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 8x in the Basic Materials industry in Pakistan. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to PK₨16.88, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Basic Materials industry in Pakistan. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨17.65, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 7x in the Basic Materials industry in Pakistan. Total returns to shareholders of 101% over the past three years. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨1.44 (vs PK₨1.99 in 3Q 2023) Third quarter 2024 results: EPS: PK₨1.44 (down from PK₨1.99 in 3Q 2023). Revenue: PK₨384.7m (down 8.6% from 3Q 2023). Net income: PK₨36.0m (down 28% from 3Q 2023). Profit margin: 9.4% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Nov 30
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: 8.2% Last year net profit margin: 14% 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: Major Risk Market cap is less than US$10m (PK₨350.0m market cap, or US$1.23m). Minor Risks High level of debt (61% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (8.2% net profit margin). New Risk • Oct 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 67% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨332.5m market cap, or US$1.19m). Minor Risks High level of debt (67% net debt to equity). Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨13.89, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 6x in the Basic Materials industry in Pakistan. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨15.50, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 6x in the Basic Materials industry in Pakistan. Total returns to shareholders of 209% over the past three years. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Abdul Sultan was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Abdul Sultan was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨15.46, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 6x in the Basic Materials industry in Pakistan. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨12.06, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Basic Materials industry in Pakistan. Total returns to shareholders of 72% over the past three years. 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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Khalil Ahmed was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨14.68, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 6x in the Basic Materials industry in Pakistan. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 23% share price gain to PK₨8.00, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 5x in the Basic Materials industry in Pakistan. Total returns to shareholders of 38% over the past three years. Board Change • Apr 27
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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Khalil Ahmed was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 06
Full year 2021 earnings released: EPS PK₨0.26 (vs PK₨3.95 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨221.2m (down 46% from FY 2020). Net income: PK₨6.57m (up PK₨105.3m from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨0.11 (vs PK₨2.10 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₨85.5m (up 13% from 3Q 2020). Net income: PK₨2.70m (up PK₨55.3m from 3Q 2020). Profit margin: 3.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 03
Second quarter 2021 earnings released: EPS PK₨0.13 (vs PK₨0.84 loss 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₨47.6m (down 58% from 2Q 2020). Net income: PK₨3.19m (up PK₨24.3m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 17
New 90-day high: PK₨7.90 The company is up 15% from its price of PK₨6.86 on 19 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: PK₨7.86 The company is up 8.0% from its price of PK₨7.30 on 23 October 2020. The Pakistani market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Basic Materials industry, which is up 6.0% over the same period. Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total losses of PK₨89.1m, with losses widening by 87% from the prior year. Total revenue was PK₨331.6m over the last 12 months, down 55% from the prior year. Reported Earnings • Oct 06
Full year earnings released - PK₨3.95 loss per share Over the last 12 months the company has reported total losses of PK₨98.8m, with losses widening by 230% from the prior year. Total revenue was PK₨409.4m over the last 12 months, down 53% from the prior year.