Crescent Textile Mills Management

Management criteria checks 1/4

Crescent Textile Mills' CEO is Ahmad Shafi, appointed in Jan 2023, has a tenure of 1.5 years. directly owns 21.14% of the company’s shares, worth PKR278.46M. The average tenure of the management team and the board of directors is 1.5 years and 4.2 years respectively.

Key information

Ahmad Shafi

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.5yrs
CEO ownership	21.1%
Management average tenure	1.5yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO

Ahmad Shafi (45 yo)

1.5yrs

Tenure

Mr. Ahmad Shafi serves as Director at Crescent Steel and Allied Products Limited since January 29, 2024. He has been an Executive Director of Crescent Textile Mills Ltd since May 17, 2014. He serves as Chi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Muhammad Anwar	Executive Director	1.5yrs	PK₨6.20m	1.12% PKR 14.8m
Ahmad Shafi	CEO & Executive Director	1.5yrs	no data	21.14% PKR 278.5m
Asim Siddique	Chief Financial Officer	6.1yrs	no data	no data
Tahir Rasheed	Vice President of Marketing	no data	no data	no data
Sabteela Tosheen	Head of Internal Audit	no data	no data	no data
Naseer Chaudhary	Corporate Secretary	no data	no data	no data

1.5yrs

Average Tenure

Experienced Management: CRTM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Muhammad Anwar	Executive Director	1.5yrs	PK₨6.20m	1.12% PKR 14.8m
Ahmad Shafi	CEO & Executive Director	10.2yrs	no data	21.14% PKR 278.5m
Khalid Bashir	Chairman	47.2yrs	no data	2.49% PKR 32.8m
Imran Maqbool	Director	1.2yrs	no data	0.66% PKR 8.7m
Nazia Maqbool	Independent Director	4.2yrs	no data	1.14% PKR 15.0m
Amin Saleem	Independent Director	4.2yrs	no data	0.032% PKR 417.5k
Aurangzeb Shafi	Director	1.2yrs	no data	0.11% PKR 1.5m

4.2yrs

Average Tenure

80yo

Average Age

Experienced Board: CRTM's board of directors are considered experienced (4.2 years average tenure).

Crescent Textile Mills Management

Management criteria checks 1/4

Key information

Recent management updates

The Crescent Textile Mills Limited to Address the Resignation of Director Mr. Imran Maqbool and to Fill the Resulting Casual Vacancy

Less than half of directors are independent

Less than half of directors are independent

Recent updates

The Crescent Textile Mills Limited to Address the Resignation of Director Mr. Imran Maqbool and to Fill the Resulting Casual Vacancy

New minor risk - Share price stability

Now 24% overvalued after recent price rise

Second quarter 2024 earnings released: PK₨2.69 loss per share (vs PK₨1.01 profit in 2Q 2023)

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released: EPS: PK₨5.61 (vs PK₨13.68 in FY 2022)

Third quarter 2023 earnings released: EPS: PK₨2.05 (vs PK₨2.66 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨1.01 (vs PK₨2.59 in 2Q 2022)

Less than half of directors are independent

Upcoming dividend of PK₨1.00 per share

Full year 2022 earnings released

Third quarter 2022 earnings released: EPS: PK₨2.66 (vs PK₨2.28 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

First quarter 2022 earnings released: EPS PK₨2.50 (vs PK₨1.27 in 1Q 2021)

Full year 2021 earnings released: EPS PK₨6.45 (vs PK₨0.42 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS PK₨2.28 (vs PK₨0.53 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS PK₨1.48 (vs PK₨0.96 in 2Q 2020)

New 90-day high: PK₨38.74

New 90-day high: PK₨38.31

New 90-day high: PK₨37.75

Investor sentiment improved over the past week

Market bids up stock over the past week

New 90-day high: PK₨24.17

First quarter earnings released

Full year earnings released - EPS PK₨0.42

Full year earnings released - EPS PK₨0.42

New 90-day low: PK₨19.37

New 90-day high - PK₨23.06

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age