New Risk • May 05
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: 0.2% Last year net profit margin: 0.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (PK₨2.03b market cap, or US$7.27m). Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨0.21 (vs PK₨0.52 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.21 (down from PK₨0.52 in 3Q 2025). Revenue: PK₨2.59b (up 3.9% from 3Q 2025). Net income: PK₨29.5m (down 60% from 3Q 2025). Profit margin: 1.1% (down from 2.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. 공고 • Apr 21
Roshan Packages Limited to Report Q3, 2026 Results on Apr 28, 2026 Roshan Packages Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Reported Earnings • Feb 20
Second quarter 2026 earnings released: PK₨0.24 loss per share (vs PK₨0.27 loss in 2Q 2025) Second quarter 2026 results: PK₨0.24 loss per share (improved from PK₨0.27 loss in 2Q 2025). Revenue: PK₨2.54b (up 16% from 2Q 2025). Net loss: PK₨33.8m (loss narrowed 13% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. 공고 • Feb 11
Roshan Packages Limited to Report First Half, 2026 Results on Feb 18, 2026 Roshan Packages Limited announced that they will report first half, 2026 results on Feb 18, 2026 공고 • Oct 24
Roshan Packages Limited to Report Q1, 2026 Results on Oct 30, 2025 Roshan Packages Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Oct 10
Full year 2025 earnings released: EPS: PK₨0.78 (vs PK₨0.18 in FY 2024) Full year 2025 results: EPS: PK₨0.78 (up from PK₨0.18 in FY 2024). Revenue: PK₨9.66b (down 6.5% from FY 2024). Net income: PK₨110.1m (up 340% from FY 2024). Profit margin: 1.1% (up from 0.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. 공고 • Oct 07
Roshan Packages Limited, Annual General Meeting, Oct 28, 2025 Roshan Packages Limited, Annual General Meeting, Oct 28, 2025. Location: at shalimar hall, falettis hotel, lahore Pakistan New Risk • Oct 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.77b (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (PK₨2.77b market cap, or US$9.83m). New Risk • Aug 23
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 7.6% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (PK₨2.95b market cap, or US$10.5m). New Risk • Mar 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Cash payout ratio: 321% Dividend yield: 6.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Cash payout ratio: 321% Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (PK₨2.29b market cap, or US$8.18m). Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). 공고 • Dec 28
Roshan Packages Limited Announces Chief Financial Officer Changes Roshan Packages Limited has announced a significant change in its executive leadership. Effective from December 27, 2024, Mr. Muhammad Adil will cease to be the Chief Financial Officer (CFO) of the company. In his place, Mr. Irfan Hussain has been appointed as the new CFO. This leadership transition marks a notable shift in the financial management team of Roshan Packages Limited, which is a key player in the designated market category of packaging solutions. The company has assured
stakeholders and partners that the transition will be smooth, ensuring continued financial stability and strategic growth. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 18 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (4.3%). Reported Earnings • Oct 09
Full year 2024 earnings released: EPS: PK₨0.18 (vs PK₨0.21 in FY 2023) Full year 2024 results: EPS: PK₨0.18 (down from PK₨0.21 in FY 2023). Revenue: PK₨10.3b (flat on FY 2023). Net income: PK₨25.0m (down 15% from FY 2023). Profit margin: 0.2% (down from 0.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. 공고 • Oct 09
Roshan Packages Limited, Annual General Meeting, Oct 28, 2024 Roshan Packages Limited, Annual General Meeting, Oct 28, 2024. Location: at shalimar hall, falettis hotel, lahore Pakistan Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨17.18, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 11x in the Packaging industry in Pakistan. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨16.48, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 7x in the Packaging industry in Pakistan. Total loss to shareholders of 33% over the past three years. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨0.12 (vs PK₨0.097 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.12 (up from PK₨0.097 in 3Q 2023). Revenue: PK₨2.44b (up 13% from 3Q 2023). Net income: PK₨17.0m (up 23% from 3Q 2023). Profit margin: 0.7% (up from 0.6% in 3Q 2023). The increase in margin 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 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 07
Second quarter 2024 earnings released: PK₨0.29 loss per share (vs PK₨0.063 loss in 2Q 2023) Second quarter 2024 results: PK₨0.29 loss per share (further deteriorated from PK₨0.063 loss in 2Q 2023). Revenue: PK₨2.30b (down 7.9% from 2Q 2023). Net loss: PK₨41.9m (loss widened 369% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as 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 Market cap is less than US$10m (PK₨2.21b market cap, or US$7.75m). Minor Risks Dividend is not well covered by earnings (234% payout ratio). 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 (0.6% net profit margin). Reported Earnings • Oct 08
Full year 2023 earnings released: EPS: PK₨0.21 (vs PK₨1.34 in FY 2022) Full year 2023 results: EPS: PK₨0.21 (down from PK₨1.34 in FY 2022). Revenue: PK₨10.2b (up 16% from FY 2022). Net income: PK₨29.4m (down 85% from FY 2022). Profit margin: 0.3% (down from 2.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. New Risk • Jul 12
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 Risk Market cap is less than US$10m (PK₨1.67b market cap, or US$6.02m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • May 08
Third quarter 2023 earnings released: EPS: PK₨0.10 (vs PK₨0.62 in 3Q 2022) Third quarter 2023 results: EPS: PK₨0.10 (down from PK₨0.62 in 3Q 2022). Revenue: PK₨2.17b (down 6.2% from 3Q 2022). Net income: PK₨13.8m (down 84% from 3Q 2022). Profit margin: 0.6% (down from 3.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Second quarter 2023 earnings released: PK₨0.06 loss per share (vs PK₨0.94 profit in 2Q 2022) Second quarter 2023 results: PK₨0.06 loss per share (down from PK₨0.94 profit in 2Q 2022). Revenue: PK₨2.50b (up 18% from 2Q 2022). Net loss: PK₨8.92m (down 107% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨10.93, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 6x in the Packaging industry in Pakistan. Total loss to shareholders of 48% over the past three years. 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Ayesha Hamid 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. Reported Earnings • Nov 01
First quarter 2023 earnings released: EPS: PK₨0.23 (vs PK₨0.17 in 1Q 2022) First quarter 2023 results: EPS: PK₨0.23 (up from PK₨0.17 in 1Q 2022). Revenue: PK₨2.69b (up 40% from 1Q 2022). Net income: PK₨32.4m (up 32% from 1Q 2022). Profit margin: 1.2% (down from 1.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Ayesha Hamid 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. Reported Earnings • Nov 03
First quarter 2022 earnings released: EPS PK₨0.06 (vs PK₨0.55 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨1.92b (up 16% from 1Q 2021). Net income: PK₨8.62m (down 89% from 1Q 2021). Profit margin: 0.4% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 03
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 an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ayesha Hamid 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. Reported Earnings • Sep 24
Full year 2021 earnings released: EPS PK₨2.13 (vs PK₨1.55 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: PK₨7.00b (up 34% from FY 2020). Net income: PK₨302.3m (up 38% from FY 2020). Profit margin: 4.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨36.60, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 11x in the Packaging industry in Pakistan. Total returns to shareholders of 70% over the past three years. Reported Earnings • Apr 29
Third quarter 2021 earnings released: EPS PK₨0.64 (vs PK₨0.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨1.78b (up 25% from 3Q 2020). Net income: PK₨90.3m (up 152% from 3Q 2020). Profit margin: 5.1% (up from 2.5% in 3Q 2020). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 26
New 90-day low: PK₨33.30 The company is down 3.0% from its price of PK₨34.18 on 27 November 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is down 6.0% over the same period. Reported Earnings • Feb 18
Second quarter 2021 earnings released: EPS PK₨0.45 (vs PK₨1.00 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨1.78b (up 23% from 2Q 2020). Net income: PK₨63.8m (down 55% from 2Q 2020). Profit margin: 3.6% (down from 9.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨36.35, the stock is trading at a trailing P/E ratio of 18.3x, down from the previous P/E ratio of 21.8x. This compares to an average P/E of 18x in the Packaging industry in Pakistan. Total returns to shareholders over the past three years are 14%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨44.58, the stock is trading at a trailing P/E ratio of 22.4x, up from the previous P/E ratio of 18.8x. This compares to an average P/E of 21x in the Packaging industry in Pakistan. Total returns to shareholders over the past three years are 70%. Is New 90 Day High Low • Dec 16
New 90-day high: PK₨41.47 The company is up 2.0% from its price of PK₨40.53 on 17 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 13% over the same period. Reported Earnings • Nov 03
First quarter 2021 earnings released: EPS PK₨0.60 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨1.66b (up 57% from 1Q 2020). Net income: PK₨85.5m (up 450% from 1Q 2020). Profit margin: 5.2% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.