Announcement • Apr 21
Pak Leather Crafts Limited to Report Q3, 2026 Results on Apr 28, 2026 Pak Leather Crafts Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to PK₨56.07, the stock trades at a trailing P/E ratio of 73x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨41.62, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨34.15, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 108% over the past three years. Reported Earnings • Feb 28
Second quarter 2026 earnings released: PK₨1.30 loss per share (vs PK₨0.03 loss in 2Q 2025) Second quarter 2026 results: PK₨1.30 loss per share (further deteriorated from PK₨0.03 loss in 2Q 2025). Net loss: PK₨4.40m (loss widened PK₨4.30m from 2Q 2025). 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 35% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Pak Leather Crafts Limited to Report First Half, 2026 Results on Feb 26, 2026 Pak Leather Crafts Limited announced that they will report first half, 2026 results on Feb 26, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to PK₨67.71, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 344% over the past three years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨42.60, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 161% over the past three years. Announcement • Oct 24
Pak Leather Crafts Limited to Report Q1, 2026 Results on Oct 30, 2025 Pak Leather Crafts Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Oct 08
Full year 2025 earnings released: EPS: PK₨2.65 (vs PK₨2.39 in FY 2024) Full year 2025 results: EPS: PK₨2.65 (up from PK₨2.39 in FY 2024). Revenue: PK₨60.1m (down 33% from FY 2024). Net income: PK₨9.02m (up 11% from FY 2024). Profit margin: 15% (up from 9.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 07
Pak Leather Crafts Limited, Annual General Meeting, Oct 28, 2025 Pak Leather Crafts Limited, Annual General Meeting, Oct 28, 2025. Location: at plot no.9 sector 59, mallir development authority taiser town, karachi Pakistan New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings have declined by 46% 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 (2.1x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Negative equity (-PK₨328m). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (PK₨70m revenue, or US$248k). Market cap is less than US$10m (PK₨132.6m market cap, or US$471.0k). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨34.93, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 106% over the past year. Buy Or Sell Opportunity • Feb 06
Now 24% undervalued Over the last 90 days, the stock has risen 45% to PK₨36.30. The fair value is estimated to be PK₨47.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨35.89, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨33.23, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨28.29, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 7.4% over the past year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to PK₨28.09, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 42% over the past year. Reported Earnings • Oct 09
Full year 2024 earnings released: EPS: PK₨2.39 (vs PK₨3.30 loss in FY 2023) Full year 2024 results: EPS: PK₨2.39 (up from PK₨3.30 loss in FY 2023). Revenue: PK₨89.4m (down 1.4% from FY 2023). Net income: PK₨8.13m (up PK₨19.3m from FY 2023). Profit margin: 9.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Announcement • Oct 08
Pak Leather Crafts Limited, Annual General Meeting, Oct 28, 2024 Pak Leather Crafts Limited, Annual General Meeting, Oct 28, 2024. Location: at plot no.9,sector 59, malir devlopment authority, talser town, karachi Pakistan Board Change • May 14
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. 1 independent director (6 non-independent directors). Director Qaiser Jamal was the last director to join the board, commencing their role in 2023. 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 • May 01
Third quarter 2024 earnings released: EPS: PK₨0.52 (vs PK₨1.47 loss in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.52 (up from PK₨1.47 loss in 3Q 2023). Revenue: PK₨25.6m (up 107% from 3Q 2023). Net income: PK₨1.76m (up PK₨6.75m from 3Q 2023). Profit margin: 6.9% (up from net loss in 3Q 2023). Board Change • Apr 22
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. 1 independent director (6 non-independent directors). Director Qaiser Jamal was the last director to join the board, commencing their role in 2023. 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 22
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. 1 independent director (6 non-independent directors). Director Qaiser Jamal was the last director to join the board, commencing their role in 2023. 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 01
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. 1 independent director (6 non-independent directors). Director Qaiser Jamal was the last director to join the board, commencing their role in 2023. 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 • Dec 07
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. 1 independent director (6 non-independent directors). Director Qaiser Jamal was the last director to join the board, commencing their role in 2023. 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 10
Full year 2023 earnings released: PK₨3.30 loss per share (vs PK₨0.85 loss in FY 2022) Full year 2023 results: PK₨3.30 loss per share (further deteriorated from PK₨0.85 loss in FY 2022). Revenue: PK₨90.7m (down 32% from FY 2022). Net loss: PK₨11.2m (loss widened 286% from FY 2022). Board Change • Sep 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
First quarter 2023 earnings released: PK₨1.41 loss per share (vs PK₨1.18 loss in 1Q 2022) First quarter 2023 results: PK₨1.41 loss per share (further deteriorated from PK₨1.18 loss in 1Q 2022). Revenue: PK₨22.8m (down 28% from 1Q 2022). Net loss: PK₨4.78m (loss widened 19% from 1Q 2022). Board Change • Oct 17
Insufficient new directors 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. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
