New Risk • Jul 30
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 9.1% 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 Less than 1 year of cash runway based on free cash flow trend (-PK₨179m free cash flow). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (PK₨2.33b market cap, or US$8.40m). New Risk • Jun 15
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 8.4% 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 Less than 1 year of cash runway based on free cash flow trend (-PK₨179m free cash flow). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (PK₨2.16b market cap, or US$7.77m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨0.03 (vs PK₨0.089 loss in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.03 (up from PK₨0.089 loss in 3Q 2025). Revenue: PK₨665.1m (up 9.3% from 3Q 2025). Net income: PK₨7.38m (up PK₨27.8m from 3Q 2025). Profit margin: 1.1% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Apr 24
Siddiqsons Tin Plate Limited to Report Q3, 2026 Results on Apr 29, 2026 Siddiqsons Tin Plate Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Reported Earnings • Mar 04
Second quarter 2026 earnings released: EPS: PK₨0.07 (vs PK₨0.097 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.07 (up from PK₨0.097 loss in 2Q 2025). Revenue: PK₨854.1m (up 23% from 2Q 2025). Net income: PK₨16.8m (up PK₨39.0m from 2Q 2025). Profit margin: 2.0% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Feb 23
Siddiqsons Tin Plate Limited to Report Q2, 2026 Results on Feb 27, 2026 Siddiqsons Tin Plate Limited announced that they will report Q2, 2026 results on Feb 27, 2026 New Risk • Feb 19
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 Less than 1 year of cash runway based on free cash flow trend (-PK₨408m free cash flow). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (PK₨1.77b market cap, or US$6.32m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Dec 25
First quarter 2026 earnings released: EPS: PK₨0.039 (vs PK₨0.57 loss in 1Q 2025) First quarter 2026 results: EPS: PK₨0.039 (up from PK₨0.57 loss in 1Q 2025). Revenue: PK₨639.4m (up 186% from 1Q 2025). Net income: PK₨8.90m (up PK₨140.8m from 1Q 2025). Profit margin: 1.4% (up from net loss in 1Q 2025). 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 80 percentage points per year, which is a significant difference in performance. Annuncio • Nov 10
Siddiqsons Tin Plate Limited, Annual General Meeting, Nov 27, 2025 Siddiqsons Tin Plate Limited, Annual General Meeting, Nov 27, 2025. Location: at the ocean mall, clifton, 4th floor, g-3, block-9, scheme-5, clifton, karachi Pakistan Reported Earnings • Nov 08
First quarter 2026 earnings released: EPS: PK₨0.04 (vs PK₨0.57 loss in 1Q 2025) First quarter 2026 results: EPS: PK₨0.04 (up from PK₨0.57 loss in 1Q 2025). Revenue: PK₨639.4m (up 186% from 1Q 2025). Net income: PK₨8.73m (up PK₨140.7m from 1Q 2025). Profit margin: 1.4% (up from net loss in 1Q 2025). 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 122 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Third quarter 2025 earnings released: PK₨0.04 loss per share (vs PK₨0.16 loss in 3Q 2024) Third quarter 2025 results: PK₨0.04 loss per share (improved from PK₨0.16 loss in 3Q 2024). Revenue: PK₨608.3m (down 47% from 3Q 2024). Net loss: PK₨20.4m (loss narrowed 46% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. New Risk • Jul 25
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 Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 7.2% over the past year. Market cap is less than US$10m (PK₨1.64b market cap, or US$5.76m). Reported Earnings • Jul 01
Full year 2024 earnings released: PK₨8.98 loss per share (vs PK₨0.013 profit in FY 2023) Full year 2024 results: PK₨8.98 loss per share (down from PK₨0.013 profit in FY 2023). Revenue: PK₨4.08b (down 7.2% from FY 2023). Net loss: PK₨2.06b (down PK₨2.06b from profit in FY 2023). Annuncio • Jun 30
Siddiqsons Tin Plate Limited, Annual General Meeting, Jul 25, 2025 Siddiqsons Tin Plate Limited, Annual General Meeting, Jul 25, 2025. Location: at ocean mall and tower, g-3, block 9, 27th floor, clifton, karachi Pakistan New Risk • May 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2024 fiscal period end). Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Revenue has declined by 19% over the past year. Market cap is less than US$10m (PK₨1.16b market cap, or US$4.12m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). New Risk • Feb 03
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 9.6% 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 Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (PK₨1.56b market cap, or US$5.61m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (PK₨1.31b market cap, or US$4.73m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Annuncio • Nov 07
Siddiqsons Tin Plate Limited Announces Change of Company Secretary Siddiqsons Tin Plate Limited announced a change in its company secretary position, effective October 23, 2024. The company has appointed Ms. Maham Khalid as the new Company Secretary, replacing Mr. Syed Khalid Sharfi. New Risk • May 12
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Interest payments are not well covered by earnings (0.03x net interest cover). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (PK₨1.43b market cap, or US$5.13m). Reported Earnings • Mar 08
Second quarter 2024 earnings released: PK₨0.16 loss per share (vs PK₨0.13 profit in 2Q 2023) Second quarter 2024 results: PK₨0.16 loss per share (down from PK₨0.13 profit in 2Q 2023). Revenue: PK₨720.6m (down 45% from 2Q 2023). Net loss: PK₨36.5m (down 228% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Annuncio • Dec 29
Siddiqsons Tin Plate Limited Announces Directorate Changes Siddiqsons Tin Plate Limited informed its members that Mr. Muhammad Qasim, a candidate in the Other Directors category, has withdrawn his intention to contest the Election of Directors. This withdrawal is in accordance with Section 159 (3) of the Companies Act, 2017. Consequently, the number of candidates now contesting in the Other Directors category equals the number of available seats. In line with Sub-Regulation 7A (5) of the Listed Companies (Code of Corporate Governance), 2019, the following individuals shall be deemed elected as directors for the next three years: Mr. Muhammad Tariq (Other Director), Mr. Ibrahim Shamsi (Other Director), Mr. Munir Qureshi (Other Director), Mr. Naeem-ui-Hasnain Mirza (Other Director), Ms. Alia Sajjad (Female Director), Mr. Abdul Wahab (Independent Director), Mr. Muhammad Yousuf Adil (Independent Director). This development marks a significant shift in the company's governance structure, as it moves forward with these appointments without the need for formal elections. Annuncio • Dec 27
Siddiqsons Tin Plate Limited Announces Election of Muhammad Yousuf Adil as Independent Director Siddiqsons Tin Plate Limited announced election of Muhammad Yousuf Adil as Independent Director. These directors will serve for a period of the next three years, effective from the forthcoming EOGM. Reported Earnings • Dec 02
First quarter 2024 earnings released: PK₨0.43 loss per share (vs PK₨0.16 profit in 1Q 2023) First quarter 2024 results: PK₨0.43 loss per share (down from PK₨0.16 profit in 1Q 2023). Revenue: PK₨1.16b (up 8.2% from 1Q 2023). Net loss: PK₨99.6m (down 373% from profit in 1Q 2023). 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 21% per year, which means it has not declined as severely as earnings. Annuncio • Nov 29
Siddiqsons Tin Plate Limited Announces Changes in Company Secretary Siddiqsons Tin Plate Limited has announced a significant change in its corporate structure with the resignation of its Company Secretary, Mr. Muhammad Hans. Effective November 24, 2023, the Board has accepted Mr. Hans' resignation, marking a pivotal change in the company's management. Following Mr. Hans' departure, the Board has moved swiftly to appoint Mr. Syed Khalid Shafiq as the new Company Secretary. Mr. Syed Muhammad Shafiq's appointment, effective from November 24, 2023, was unanimously accepted by the Board. This change at a key administrative position indicates a transitional phase in Siddiqsons Tin Plate Limited's corporate governance. Reported Earnings • Oct 12
Full year 2023 earnings released: EPS: PK₨0.01 (vs PK₨0.88 in FY 2022) Full year 2023 results: EPS: PK₨0.01 (down from PK₨0.88 in FY 2022). Revenue: PK₨4.39b (down 7.0% from FY 2022). Net income: PK₨3.08m (down 99% from FY 2022). Profit margin: 0.1% (down from 4.3% in FY 2022). The decrease in margin was driven by lower revenue. 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨0.21 (vs PK₨0.20 in 3Q 2022) Third quarter 2023 results: EPS: PK₨0.21 (up from PK₨0.20 in 3Q 2022). Revenue: PK₨1.25b (down 9.5% from 3Q 2022). Net income: PK₨47.3m (up 2.7% from 3Q 2022). Profit margin: 3.8% (up from 3.3% 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 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Second quarter 2023 earnings released: EPS: PK₨0.12 (vs PK₨0.18 in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.12 (down from PK₨0.18 in 2Q 2022). Revenue: PK₨1.31b (up 23% from 2Q 2022). Net income: PK₨28.6m (down 32% from 2Q 2022). Profit margin: 2.2% (down from 3.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ashraf Wathra was the last independent director to join the board, commencing their role in 2018. 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 13
Full year 2022 earnings released: EPS: PK₨0.88 (vs PK₨1.41 in FY 2021) Full year 2022 results: EPS: PK₨0.88 (down from PK₨1.41 in FY 2021). Revenue: PK₨4.72b (down 19% from FY 2021). Net income: PK₨201.3m (down 38% from FY 2021). Profit margin: 4.3% (down from 5.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 08
Third quarter 2022 earnings released: EPS: PK₨0.20 (vs PK₨0.30 in 3Q 2021) Third quarter 2022 results: EPS: PK₨0.20 (down from PK₨0.30 in 3Q 2021). Revenue: PK₨1.38b (up 6.8% from 3Q 2021). Net income: PK₨46.1m (down 33% from 3Q 2021). Profit margin: 3.3% (down from 5.3% 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 99% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ashraf Wathra was the last independent director to join the board, commencing their role in 2018. 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 • Mar 31
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨12.36, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 5x in the Metals and Mining industry in Pakistan. Total loss to shareholders of 32% over the past three years. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨0.18 (up from PK₨0.15 in 2Q 2021). Revenue: PK₨1.06b (down 44% from 2Q 2021). Net income: PK₨41.8m (up 18% from 2Q 2021). Profit margin: 3.9% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS PK₨1.41 (vs PK₨0.10 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₨5.85b (up 64% from FY 2020). Net income: PK₨322.2m (up PK₨345.3m 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 increased by 111% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨12.18, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 8x in the Metals and Mining industry in Pakistan. Total loss to shareholders of 19% over the past three years. Reported Earnings • May 09
Third quarter 2021 earnings released: EPS PK₨0.30 (vs PK₨0.18 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₨1.29b (up 5.0% from 3Q 2020). Net income: PK₨68.5m (up PK₨108.7m from 3Q 2020). Profit margin: 5.3% (up from net loss in 3Q 2020). The move to profitability was primarily 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 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 09
New 90-day low: PK₨16.61 The company is down 11% from its price of PK₨18.76 on 09 December 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. Reported Earnings • Mar 03
Second quarter 2021 earnings released: EPS PK₨0.15 (vs PK₨0.18 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: PK₨1.90b (up 171% from 2Q 2020). Net income: PK₨35.4m (down 13% from 2Q 2020). Profit margin: 1.9% (down from 5.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. Is New 90 Day High Low • Dec 01
New 90-day high: PK₨15.36 The company is up 7.0% from its price of PK₨14.38 on 02 September 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period. Reported Earnings • Oct 31
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨22.3m, down 59% from the prior year. Total revenue was PK₨4.24b over the last 12 months, up 23% from the prior year. Reported Earnings • Oct 17
Full year earnings released - PK₨0.10 loss per share Over the last 12 months the company has reported total losses of PK₨23.1m, with earnings decreasing by PK₨109.7m from the prior year. Total revenue was PK₨3.56b over the last 12 months, up 4.3% from the prior year.