Reported Earnings • Jul 30
First quarter 2027 earnings released: EPS: PK₨16.40 (vs PK₨28.75 in 1Q 2026) First quarter 2027 results: EPS: PK₨16.40 (down from PK₨28.75 in 1Q 2026). Revenue: PK₨5.28b (down 25% from 1Q 2026). Net income: PK₨127.4m (down 43% from 1Q 2026). Profit margin: 2.4% (down from 3.2% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jul 16
Exide Pakistan Limited to Report Q1, 2027 Results on Jul 29, 2026 Exide Pakistan Limited announced that they will report Q1, 2027 results on Jul 29, 2026 Upcoming Dividend • Jul 15
Upcoming dividend of PK₨5.00 per share Eligible shareholders must have bought the stock before 22 July 2026. Payment date: 20 August 2026. Payout ratio is a comfortable 9.0% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Pakistani dividend payers (7.1%). Lower than average of industry peers (2.7%). Declared Dividend • Jul 01
Dividend reduced to PK₨5.00 Dividend of PK₨5.00 is 50% lower than last year. Ex-date: 22nd July 2026 Payment date: 20th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 452% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 18
Exide Pakistan Limited to Report Fiscal Year 2026 Results on Jun 27, 2026 Exide Pakistan Limited announced that they will report fiscal year 2026 results at 9:30 AM, Pakistan Standard Time on Jun 27, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨524, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 9x in the Auto Components industry in Pakistan. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨406, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 8x in the Auto Components industry in Pakistan. Total returns to shareholders of 87% over the past three years. New Risk • Mar 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% 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 Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (PK₨3.83b market cap, or US$13.7m). Reported Earnings • Feb 04
Third quarter 2026 earnings released: PK₨6.24 loss per share (vs PK₨6.96 profit in 3Q 2025) Third quarter 2026 results: PK₨6.24 loss per share (down from PK₨6.96 profit in 3Q 2025). Revenue: PK₨3.50b (down 28% from 3Q 2025). Net loss: PK₨48.5m (down 190% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Jan 15
Exide Pakistan Limited to Report Q3, 2026 Results on Jan 29, 2026 Exide Pakistan Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Dec 02
Second quarter 2026 earnings released: EPS: PK₨6.96 (vs PK₨9.19 in 2Q 2025) Second quarter 2026 results: EPS: PK₨6.96 (down from PK₨9.19 in 2Q 2025). Revenue: PK₨4.05b (down 27% from 2Q 2025). Net income: PK₨54.0m (down 24% from 2Q 2025). Profit margin: 1.3% (in line with 2Q 2025). 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 38% per year, which means it is well ahead of earnings. Announcement • Nov 14
Exide Pakistan Limited to Report Q2, 2026 Results on Nov 28, 2025 Exide Pakistan Limited announced that they will report Q2, 2026 results on Nov 28, 2025 Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: PK₨28.75 (vs PK₨55.91 in 1Q 2025) First quarter 2026 results: EPS: PK₨28.75 (down from PK₨55.91 in 1Q 2025). Revenue: PK₨7.05b (down 15% from 1Q 2025). Net income: PK₨223.3m (down 49% from 1Q 2025). Profit margin: 3.2% (down from 5.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
Exide Pakistan Limited to Report Q1, 2026 Results on Jul 30, 2025 Exide Pakistan Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Upcoming Dividend • Jul 16
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 21 July 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Pakistani dividend payers (7.9%). Lower than average of industry peers (3.2%). New Risk • Jul 15
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: 2.6% Last year net profit margin: 4.9% 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 Interest payments are not well covered by earnings (2.5x net interest cover). High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (PK₨7.02b market cap, or US$24.6m). Declared Dividend • Jul 02
Dividend of PK₨10.00 announced Dividend of PK₨10.00 is the same as last year. Ex-date: 21st July 2025 Payment date: 13th August 2025 Dividend yield will be 1.2%, which is lower than the industry average of 4.5%. Announcement • Jun 13
Exide Pakistan Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Exide Pakistan Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to PK₨855, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 286% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨856, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 7x in the Auto Components industry in Pakistan. Total returns to shareholders of 214% over the past three years. Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: PK₨6.96 (vs PK₨19.65 in 3Q 2024) Third quarter 2025 results: EPS: PK₨6.96 (down from PK₨19.65 in 3Q 2024). Revenue: PK₨4.85b (down 23% from 3Q 2024). Net income: PK₨54.0m (down 65% from 3Q 2024). Profit margin: 1.1% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: PK₨5.53b (down 1.8% from 2Q 2024). Net income: PK₨71.4m (down 62% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 21
First quarter 2025 earnings released: EPS: PK₨55.90 (vs PK₨72.86 in 1Q 2024) First quarter 2025 results: EPS: PK₨55.90 (down from PK₨72.86 in 1Q 2024). Revenue: PK₨8.29b (up 17% from 1Q 2024). Net income: PK₨434.3m (down 23% from 1Q 2024). Profit margin: 5.2% (down from 8.0% 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 73% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 11
Full year 2024 earnings released: EPS: PK₨161 (vs PK₨97.12 in FY 2023) Full year 2024 results: EPS: PK₨161 (up from PK₨97.12 in FY 2023). Revenue: PK₨25.7b (up 9.7% from FY 2023). Net income: PK₨1.25b (up 66% from FY 2023). Profit margin: 4.9% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨688, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Auto Components industry in Pakistan. Total returns to shareholders of 23% over the past three years. Announcement • Jul 04
Exide Pakistan Limited, Annual General Meeting, Jul 29, 2024 Exide Pakistan Limited, Annual General Meeting, Jul 29, 2024. Location: karachi Pakistan Declared Dividend • Jul 04
Dividend of PK₨10.00 announced Shareholders will receive a dividend of PK₨10.00. Ex-date: 19th July 2024 Payment date: 20th August 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 74% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨604, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 10x in the Auto Components industry in Pakistan. Total returns to shareholders of 72% over the past three years. New Risk • Jun 14
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (PK₨4.32b market cap, or US$15.5m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨482, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 9x in the Auto Components industry in Pakistan. Total returns to shareholders of 43% over the past three years. New Risk • Jan 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨3.11b market cap, or US$11.1m). Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: PK₨19.65 (vs PK₨13.13 in 3Q 2023) Third quarter 2024 results: EPS: PK₨19.65 (up from PK₨13.13 in 3Q 2023). Revenue: PK₨6.30b (up 16% from 3Q 2023). Net income: PK₨152.6m (up 50% from 3Q 2023). Profit margin: 2.4% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Second quarter 2024 earnings released: PK₨24.40 loss per share (vs PK₨22.03 profit in 2Q 2023) Second quarter 2024 results: PK₨24.40 loss per share. Revenue: PK₨5.63b (up 20% from 2Q 2023). Net income: PK₨189.6m (up 11% from 2Q 2023). Profit margin: 3.4% (down from 3.6% in 2Q 2023). The decrease in margin was driven by higher expenses. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨3.00b market cap, or US$10.2m). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨339, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 6x in the Auto Components industry in Pakistan. Negligible returns to shareholders over past three years. Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: PK₨97.12 (vs PK₨3.71 in FY 2022) Full year 2023 results: EPS: PK₨97.12 (up from PK₨3.71 in FY 2022). Revenue: PK₨23.4b (up 63% from FY 2022). Net income: PK₨754.5m (up PK₨725.7m from FY 2022). Profit margin: 3.2% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New major 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 7.9% 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 (2.7x net interest cover). Market cap is less than US$10m (PK₨2.28b market cap, or US$8.19m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨247, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Auto Components industry in Pakistan. Total loss to shareholders of 9.5% over the past three years. Buying Opportunity • Jun 22
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be PK₨336, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jun 06
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be PK₨340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨255, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Auto Components industry in Pakistan. Total loss to shareholders of 7.4% over the past three years. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: PK₨13.13 (vs PK₨5.23 loss in 3Q 2022) Third quarter 2023 results: EPS: PK₨13.13 (up from PK₨5.23 loss in 3Q 2022). Revenue: PK₨5.41b (up 80% from 3Q 2022). Net income: PK₨102.0m (up PK₨142.7m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Second quarter 2023 earnings released: EPS: PK₨22.03 (vs PK₨1.24 in 2Q 2022) Second quarter 2023 results: EPS: PK₨22.03 (up from PK₨1.24 in 2Q 2022). Revenue: PK₨4.71b (up 43% from 2Q 2022). Net income: PK₨171.2m (up PK₨161.5m from 2Q 2022). Profit margin: 3.6% (up from 0.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 2% 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. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Non Executive Director Hussain Hashwani 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 • Jul 08
Full year 2022 earnings released: EPS: PK₨3.71 (vs PK₨0.011 in FY 2021) Full year 2022 results: EPS: PK₨3.71 (up from PK₨0.011 in FY 2021). Revenue: PK₨14.4b (up 23% from FY 2021). Net income: PK₨28.8m (up PK₨28.7m from FY 2021). Profit margin: 0.2% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 08
Exide Pakistan Limited, Annual General Meeting, Jul 29, 2022 Exide Pakistan Limited, Annual General Meeting, Jul 29, 2022, at 10:30 Pakistan Standard Time. Agenda: To read and confirm minutes of the annual general meeting of the shareholders of the company held on Thursday,July 29,2021;to receive and adopt the statements of accounts for the year ended march 31,2022 together with the directors' and auditors reports thereon;and to appoint auditors for the year 2022-2023 and fix their remunaration. 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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Saira Najmi 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 • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: PK₨5.23 loss per share (down from PK₨0.25 profit in 3Q 2021). Revenue: PK₨3.00b (down 11% from 3Q 2021). Net loss: PK₨40.7m (down PK₨42.6m from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨313, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 9x in the Auto Components industry in Pakistan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨320, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 10x in the Auto Components industry in Pakistan. Total returns to shareholders of 24% over the past three years. Is New 90 Day High Low • Feb 03
New 90-day high: PK₨409 The company is up 12% from its price of PK₨363 on 04 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS PK₨0.25 (vs PK₨12.08 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₨3.37b (up 81% from 3Q 2020). Net income: PK₨1.91m (up PK₨95.8m from 3Q 2020). Profit margin: 0.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% 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 • Dec 17
New 90-day high: PK₨393 The company is up 8.0% from its price of PK₨364 on 18 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 8.0% over the same period. 
