Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨193, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total loss to shareholders of 73% over the past three years. Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨8.41 (vs PK₨7.08 in 3Q 2025) Third quarter 2026 results: EPS: PK₨8.41 (up from PK₨7.08 in 3Q 2025). Revenue: PK₨18.3b (up 21% from 3Q 2025). Net income: PK₨252.3m (up 19% from 3Q 2025). Profit margin: 1.4% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Mahmood Textile Mills Limited to Report Q3, 2026 Results on Apr 30, 2026 Mahmood Textile Mills Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Reported Earnings • Mar 04
Second quarter 2026 earnings released: EPS: PK₨8.86 (vs PK₨8.00 in 2Q 2025) Second quarter 2026 results: EPS: PK₨8.86 (up from PK₨8.00 in 2Q 2025). Revenue: PK₨16.5b (up 4.1% from 2Q 2025). Net income: PK₨265.7m (up 13% from 2Q 2025). Profit margin: 1.6% (up from 1.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Feb 20
Mahmood Textile Mills Limited to Report Q2, 2026 Results on Feb 28, 2026 Mahmood Textile Mills Limited announced that they will report Q2, 2026 results at 12:30 PM, Pakistan Standard Time on Feb 28, 2026 Announcement • Oct 24
Mahmood Textile Mills Limited to Report Q1, 2026 Results on Oct 30, 2025 Mahmood Textile Mills Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Oct 08
Full year 2025 earnings released: EPS: PK₨32.60 (vs PK₨8.32 in FY 2024) Full year 2025 results: EPS: PK₨32.60 (up from PK₨8.32 in FY 2024). Revenue: PK₨57.1b (down 14% from FY 2024). Net income: PK₨978.1m (up 292% from FY 2024). Profit margin: 1.7% (up from 0.4% 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 58% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Oct 07
Mahmood Textile Mills Limited, Annual General Meeting, Oct 28, 2025 Mahmood Textile Mills Limited, Annual General Meeting, Oct 28, 2025. Location: mehr manzil, lohari gate, multan, Pakistan Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨353, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 14x in the Luxury industry in Pakistan. Total loss to shareholders of 29% over the past three years. New Risk • Mar 07
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 (1.4x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (PK₨10.4b market cap, or US$37.2m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to PK₨386, the stock trades at a trailing P/E ratio of 77.1x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total loss to shareholders of 24% over the past three years. New Risk • Jan 16
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 9.9% 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 (1.3x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (PK₨20.0b market cap, or US$71.9m). Reported Earnings • Oct 11
Full year 2024 earnings released: EPS: PK₨8.32 (vs PK₨40.07 in FY 2023) Full year 2024 results: EPS: PK₨8.32 (down from PK₨40.07 in FY 2023). Revenue: PK₨66.6b (up 22% from FY 2023). Net income: PK₨249.5m (down 79% from FY 2023). Profit margin: 0.4% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Oct 09
Mahmood Textile Mills Limited, Annual General Meeting, Oct 28, 2024 Mahmood Textile Mills Limited, Annual General Meeting, Oct 28, 2024. Location: at its registered office, mehr manzil, lohari gate, multan Pakistan Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨582, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨499, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total returns to shareholders of 95% over the past three years. Reported Earnings • May 07
Third quarter 2024 earnings released: PK₨2.71 loss per share (vs PK₨0.56 profit in 3Q 2023) Third quarter 2024 results: PK₨2.71 loss per share (down from PK₨0.56 profit in 3Q 2023). Revenue: PK₨18.5b (up 31% from 3Q 2023). Net loss: PK₨81.4m (down PK₨98.1m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 04
Now 25% overvalued Over the last 90 days, the stock has fallen 27% to PK₨390. The fair value is estimated to be PK₨311, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 03
Second quarter 2024 earnings released: EPS: PK₨2.25 (vs PK₨6.37 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨2.25 (up from PK₨6.37 loss in 2Q 2023). Revenue: PK₨16.5b (up 43% from 2Q 2023). Net income: PK₨67.5m (up PK₨258.6m from 2Q 2023). Profit margin: 0.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 16
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Jan 31
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Dec 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨525, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total returns to shareholders of 88% over the past three years. New Risk • Oct 02
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (PK₨16.8b market cap, or US$58.4m). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨461, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨762, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 137% over the past three years. Board Change • Jun 16
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 28
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 31
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Feb 17
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨870, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 123% over the past three years. Board Change • Nov 16
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Sep 26
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Sep 02
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Aug 03
Investor sentiment improved over the past week After last week's 27% share price gain to PK₨900, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨700, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to PK₨750, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨933, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 194% over the past three years. Board Change • May 17
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Apr 30
Third quarter 2022 earnings released: EPS: PK₨40.31 (vs PK₨20.95 in 3Q 2021) Third quarter 2022 results: EPS: PK₨40.31 (up from PK₨20.95 in 3Q 2021). Revenue: PK₨10.4b (up 46% from 3Q 2021). Net income: PK₨755.9m (up 92% from 3Q 2021). Profit margin: 7.2% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. 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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 16
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 24
Mahmood Textile Mills Limited Announces Executive Changes Mahmood Textile Mills Limited announced that Mr. Yasir Ghaffar has been appointed as Chief Financial Officer of the company with effect from January 31, 2022 in place of MR. Muhammad Amin Pal. Announcement • Feb 22
Mahmood Textile Mills Limited Announces Executive Changes Mahmood Textile Mills Limited announced that Mr. Liaqat Ali Dolla has been appointed as Company Secretary with effect from January 31, 2022 in place of Mr. Yasir Ghaffar. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 21% share price decline to PK₨562, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 64% over the past three years. Board Change • Dec 17
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 10
Full year 2021 earnings released: EPS PK₨71.50 (vs PK₨3.82 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨27.9b (up 14% from FY 2020). Net income: PK₨1.34b (up PK₨1.27b from FY 2020). Profit margin: 4.8% (up from 0.3% 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 29% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 20% share price gain to PK₨645, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 80% over the past three years. Board Change • Oct 18
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Sep 29
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 not 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 Abdul Qureshi was the last independent director to join the board, commencing their role in 2017. 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 • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨588, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨505, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 102% over the past three years. Reported Earnings • Apr 30
Third quarter 2021 earnings released: EPS PK₨20.95 (vs PK₨1.07 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨7.16b (up 15% from 3Q 2020). Net income: PK₨392.8m (up PK₨372.8m from 3Q 2020). Profit margin: 5.5% (up from 0.3% 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 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Apr 20
Non-Executive Director has left the company On the 7th of April, Humera Jalaluddin's tenure in the role of Non-Executive Director ended. We don't have any record of a personal shareholding under Humera's name. Humera is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨453, the stock is trading at a trailing P/E ratio of 48.4x, down from the previous P/E ratio of 59.2x. 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 60%. Reported Earnings • Feb 27
Second quarter 2021 earnings released: EPS PK₨11.09 (vs PK₨5.53 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨6.69b (down 8.4% from 2Q 2020). Net income: PK₨208.0m (up 100% from 2Q 2020). Profit margin: 3.1% (up from 1.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Announcement • Oct 08
Mahmood Textile Mills Limited to Report Fiscal Year 2020 Results on Oct 07, 2020 Mahmood Textile Mills Limited announced that they will report fiscal year 2020 results on Oct 07, 2020 
