Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨55.39, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 147% over the past three years. New Risk • May 06
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 9.8% 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 Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (PK₨1.10b market cap, or US$3.94m). Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Reported Earnings • May 01
Third quarter 2026 earnings released: EPS: PK₨3.94 (vs PK₨2.91 in 3Q 2025) Third quarter 2026 results: EPS: PK₨3.94 (up from PK₨2.91 in 3Q 2025). Revenue: PK₨4.60b (flat on 3Q 2025). Net income: PK₨72.7m (up 35% from 3Q 2025). Profit margin: 1.6% (up from 1.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to PK₨59.45, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 141% over the past three years. Aankondiging • Apr 22
Prosperity Weaving Mills Limited to Report Q3, 2026 Results on Apr 29, 2026 Prosperity Weaving Mills Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: PK₨3.98 (vs PK₨1.60 in 2Q 2025) Second quarter 2026 results: EPS: PK₨3.98 (up from PK₨1.60 in 2Q 2025). Revenue: PK₨3.97b (down 13% from 2Q 2025). Net income: PK₨73.6m (up 150% from 2Q 2025). Profit margin: 1.9% (up from 0.6% 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 17% per year whereas the company’s share price has increased by 13% per year. New Risk • Mar 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (PK₨830.7m market cap, or US$2.97m). Minor Risk Paying a dividend despite having no free cash flows. Aankondiging • Feb 18
Prosperity Weaving Mills Limited to Report Q2, 2026 Results on Feb 25, 2026 Prosperity Weaving Mills Limited announced that they will report Q2, 2026 results on Feb 25, 2026 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₨53.67, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 57% over the past three years. Aankondiging • Oct 24
Prosperity Weaving Mills Limited to Report Q1, 2026 Results on Oct 29, 2025 Prosperity Weaving Mills Limited announced that they will report Q1, 2026 results on Oct 29, 2025 New Risk • Oct 03
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 8.5% 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 (2.5x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (PK₨977.6m market cap, or US$3.48m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 03
Full year 2025 earnings released: EPS: PK₨4.93 (vs PK₨4.69 in FY 2024) Full year 2025 results: EPS: PK₨4.93 (up from PK₨4.69 in FY 2024). Revenue: PK₨18.2b (down 3.0% from FY 2024). Net income: PK₨91.1m (up 5.2% from FY 2024). Profit margin: 0.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Oct 02
Dividend of PK₨2.50 announced Shareholders will receive a dividend of PK₨2.50. Ex-date: 20th October 2025 Payment date: 12th November 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Aankondiging • Oct 02
Prosperity Weaving Mills Limited, Annual General Meeting, Oct 28, 2025 Prosperity Weaving Mills Limited, Annual General Meeting, Oct 28, 2025. Location: at the registered office of the company situated, at nagina house,91-b1,m.m.alam road, gulberg-iii, facility, lahore Pakistan Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨61.40, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 13x in the Luxury industry in Pakistan. Total returns to shareholders of 81% over the past three years. New Risk • Aug 05
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 8.7% 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 (2.6x net interest cover). Earnings have declined by 28% per year over the past 5 years. Market cap is less than US$10m (PK₨1.02b market cap, or US$3.60m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨45.38, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 28% over the past three years. New Risk • Feb 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 8.9% 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 (1.9x net interest cover). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (PK₨665.1m market cap, or US$2.38m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • Nov 03
First quarter 2025 earnings released: EPS: PK₨1.09 (vs PK₨0.55 in 1Q 2024) First quarter 2025 results: EPS: PK₨1.09 (up from PK₨0.55 in 1Q 2024). Revenue: PK₨5.11b (up 15% from 1Q 2024). Net income: PK₨20.2m (up 99% from 1Q 2024). Profit margin: 0.4% (up from 0.2% in 1Q 2024). 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 70 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 29
Prosperity Weaving Mills Declares Final Dividend for the Year 2024 Prosperity Weaving Mills Limited held its annual general meeting on October 28, 2024, declared final cash dividend of PKR 2.50 per ordinary share for the fiscal year 2024. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: PK₨4.69 (vs PK₨8.29 in FY 2023) Full year 2024 results: EPS: PK₨4.69 (down from PK₨8.29 in FY 2023). Revenue: PK₨18.7b (up 28% from FY 2023). Net income: PK₨86.7m (down 43% from FY 2023). Profit margin: 0.5% (down from 1.0% in FY 2023). 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 66 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 02
Dividend of PK₨2.50 announced Shareholders will receive a dividend of PK₨2.50. Ex-date: 18th October 2024 Payment date: 18th November 2024 Dividend yield will be 8.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 12% EPS decline seen over the last 5 years. Board Change • May 20
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. 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 15
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 07
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 (2.0x net interest cover). Shares are highly illiquid. Earnings have declined by 0.2% per year over the past 5 years. Market cap is less than US$10m (PK₨535.9m market cap, or US$1.92m). Minor Risk Dividend is not well covered by cash flows (224% cash payout ratio). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨32.94, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Oct 07
Full year 2023 earnings released: EPS: PK₨8.29 (vs PK₨18.93 in FY 2022) Full year 2023 results: EPS: PK₨8.29 (down from PK₨18.93 in FY 2022). Revenue: PK₨14.7b (up 14% from FY 2022). Net income: PK₨153.1m (down 56% from FY 2022). Profit margin: 1.0% (down from 2.7% 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 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨34.95, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨26.25, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total loss to shareholders of 6.4% over the past three years. Board Change • Apr 11
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. 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 • Mar 13
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. 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 • Mar 06
Second quarter 2023 earnings released: EPS: PK₨0.92 (vs PK₨9.79 in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.92 (down from PK₨9.79 in 2Q 2022). Revenue: PK₨3.45b (up 5.0% from 2Q 2022). Net income: PK₨17.0m (down 91% from 2Q 2022). Profit margin: 0.5% (down from 5.5% 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 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 18
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. 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 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨39.00, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Oct 12
Upcoming dividend of PK₨5.00 per share Eligible shareholders must have bought the stock before 19 October 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (4.7%). Reported Earnings • Oct 09
Full year 2022 earnings released: EPS: PK₨18.93 (vs PK₨34.72 in FY 2021) Full year 2022 results: EPS: PK₨18.93 (down from PK₨34.72 in FY 2021). Revenue: PK₨12.9b (up 58% from FY 2021). Net income: PK₨349.9m (down 46% from FY 2021). Profit margin: 2.7% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% 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 • 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. 9 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Non-Executive Director Amin Shaikh was the last director to join the board, commencing their role in 2016. 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 28
First quarter 2022 earnings released: EPS PK₨8.97 (vs PK₨3.18 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨2.64b (up 49% from 1Q 2021). Net income: PK₨165.8m (up 182% from 1Q 2021). Profit margin: 6.3% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 13
Upcoming dividend of PK₨2.50 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 18 November 2021. Trailing yield: 20%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (3.7%). Reported Earnings • Sep 29
Full year 2021 earnings released: EPS PK₨34.72 (vs PK₨8.37 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨8.15b (up 35% from FY 2020). Net income: PK₨641.6m (up 315% from FY 2020). Profit margin: 7.9% (up from 2.6% 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 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨46.71, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • May 05
Inaugural dividend of PK₨7.50 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 04 June 2021. The company last paid an ordinary dividend in October 2019. The average dividend yield among industry peers is 3.6%. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨57.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 152% over the past three years. Reported Earnings • Mar 02
Second quarter 2021 earnings released: EPS PK₨10.24 (vs PK₨6.58 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨1.85b (up 3.9% from 2Q 2020). Net income: PK₨189.2m (up 56% from 2Q 2020). Profit margin: 10% (up from 6.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: PK₨50.07 The company is up 16% from its price of PK₨43.34 on 23 November 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 16% share price gain to PK₨43.34, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.5x. 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 85%. Reported Earnings • Oct 31
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨196.3m, down 14% from the prior year. Total revenue was PK₨6.36b over the last 12 months, down 11% from the prior year. Reported Earnings • Oct 06
Full year earnings released - EPS PK₨8.37 Over the last 12 months the company has reported total profits of PK₨154.8m, down 26% from the prior year. Total revenue was PK₨6.02b over the last 12 months, down 15% from the prior year. Profit margins were 2.6%, which is in line with last year. Reported Earnings • Sep 27
Full year earnings released - EPS PK₨8.37 Over the last 12 months the company has reported total profits of PK₨154.8m, down 26% from the prior year. Total revenue was PK₨6.02b over the last 12 months, down 15% from the prior year. Profit margins were 2.6%, which is in line with last year. 
