Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: PK₨64.17 (vs PK₨26.60 in 1Q 2025) First quarter 2026 results: EPS: PK₨64.17 (up from PK₨26.60 in 1Q 2025). Revenue: PK₨42.2b (up 30% from 1Q 2025). Net income: PK₨3.02b (up 141% from 1Q 2025). Profit margin: 7.1% (up from 3.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Service Industries Limited to Report Q1, 2026 Results on Apr 28, 2026 Service Industries Limited announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨1,679, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 744% over the past three years. Upcoming Dividend • Apr 15
Upcoming dividend of PK₨17.50 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Pakistani dividend payers (7.7%). Lower than average of industry peers (2.6%). Declared Dividend • Mar 20
Dividend increased to PK₨17.50 Dividend of PK₨17.50 is 17% higher than last year. Ex-date: 22nd April 2026 Payment date: 21st May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 23%. Announcement • Mar 19
Service Industries Limited, Annual General Meeting, Apr 29, 2026 Service Industries Limited, Annual General Meeting, Apr 29, 2026. Location: at shalimar tower hotel, adjacent servis house, 2-main gulberg, lahore Pakistan Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: PK₨176 (vs PK₨88.04 in FY 2024) Full year 2025 results: EPS: PK₨176 (up from PK₨88.04 in FY 2024). Revenue: PK₨148.4b (up 19% from FY 2024). Net income: PK₨8.27b (up 100% from FY 2024). Profit margin: 5.6% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 19
Service Industries Limited announces Annual dividend, payable on May 21, 2026 Service Industries Limited announced Annual dividend of PKR 17.5000 per share payable on May 21, 2026, ex-date on April 22, 2026 and record date on April 22, 2026. Announcement • Mar 11
Service Industries Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Service Industries Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨1,490, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 615% over the past three years. New Risk • Jan 23
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 6.6% 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 Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨1,610, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 393% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: PK₨50.21 (vs PK₨17.35 in 3Q 2024) Third quarter 2025 results: EPS: PK₨50.21 (up from PK₨17.35 in 3Q 2024). Revenue: PK₨38.8b (up 24% from 3Q 2024). Net income: PK₨2.36b (up 190% from 3Q 2024). Profit margin: 6.1% (up from 2.6% in 3Q 2024). 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 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: PK₨70.37 (vs PK₨30.09 in 2Q 2024) Second quarter 2025 results: EPS: PK₨70.37 (up from PK₨30.09 in 2Q 2024). Revenue: PK₨37.8b (up 20% from 2Q 2024). Net income: PK₨3.31b (up 134% from 2Q 2024). Profit margin: 8.8% (up from 4.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨1,238, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 11x in the Luxury industry in Pakistan. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨1,089, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 201% over the past three years. New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% 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 Interest payments are not well covered by earnings (2.5x net interest cover). High level of non-cash earnings (25% accrual ratio). Upcoming Dividend • Apr 12
Upcoming dividend of PK₨15.00 per share Eligible shareholders must have bought the stock before 18 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (4.3%). New Risk • Apr 09
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 6.4% 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 Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to PK₨993, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 134% over the past three years. Declared Dividend • Mar 29
Dividend increased to PK₨15.00 Dividend of PK₨15.00 is 50% higher than last year. Ex-date: 18th April 2025 Payment date: 20th May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨1,349, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 13x in the Luxury industry in Pakistan. Total returns to shareholders of 219% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: PK₨17.35 (vs PK₨19.05 in 3Q 2023) Third quarter 2024 results: EPS: PK₨17.35 (down from PK₨19.05 in 3Q 2023). Revenue: PK₨31.3b (up 17% from 3Q 2023). Net income: PK₨815.0m (down 9.0% from 3Q 2023). Profit margin: 2.6% (down from 3.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: PK₨30.09 (vs PK₨11.87 in 2Q 2023) Second quarter 2024 results: EPS: PK₨30.09 (up from PK₨11.87 in 2Q 2023). Revenue: PK₨31.6b (up 31% from 2Q 2023). Net income: PK₨1.41b (up 154% from 2Q 2023). Profit margin: 4.5% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Pakistan. 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 28% per year, which means it is significantly lagging earnings growth. New Risk • Jun 12
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 6.3% 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 Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨976, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨711, the stock trades at a trailing P/E ratio of 9.4x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Apr 11
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (5.2%). Reported Earnings • Apr 08
Full year 2023 earnings released: EPS: PK₨61.03 (vs PK₨12.32 loss in FY 2022) Full year 2023 results: EPS: PK₨61.03 (up from PK₨12.32 loss in FY 2022). Revenue: PK₨96.5b (up 56% from FY 2022). Net income: PK₨2.87b (up PK₨3.45b from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. New Risk • Mar 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨27.1b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨27.1b market cap, or US$97.6m). Declared Dividend • Feb 29
Dividend increased to PK₨10.00 Dividend of PK₨10.00 is 100% higher than last year. Ex-date: 18th April 2024 Payment date: 20th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.3%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 40%. New Risk • Feb 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨27.7b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨27.7b market cap, or US$99.2m). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨650, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total returns to shareholders of 86% over the past three years. Reported Earnings • Apr 13
Full year 2022 earnings released: PK₨12.32 loss per share (vs PK₨11.38 profit in FY 2021) Full year 2022 results: PK₨12.32 loss per share (down from PK₨11.38 profit in FY 2021). Revenue: PK₨61.7b (up 56% from FY 2021). Net loss: PK₨578.8m (down 208% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 07
Upcoming dividend of PK₨5.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 22 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.7%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (5.3%). Announcement • Feb 03
Service Industries Limited Announces executive Changes Service Industries Limited informed Pakistan Stock Exchange that Mrs. Sadia Hamid has been appointed as Non-Executive Officer as Director of the company with effect from February 01, 2023 in place of Mr. Ijaz Hameed. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: PK₨8.94 loss per share (vs PK₨3.42 profit in 3Q 2021) Third quarter 2022 results: PK₨8.94 loss per share (down from PK₨3.42 profit in 3Q 2021). Revenue: PK₨17.5b (up 62% from 3Q 2021). Net loss: PK₨420.2m (down 412% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨334, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 127% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of PK₨7.50 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨421, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 140% over the past three years. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS PK₨3.42 (vs PK₨13.06 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: PK₨10.8b (up 13% from 3Q 2020). Net income: PK₨134.6m (down 78% from 3Q 2020). Profit margin: 1.2% (down from 6.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS PK₨0.14 (vs PK₨1.33 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨9.49b (up 63% from 2Q 2020). Net income: PK₨8.02m (up PK₨64.9m from 2Q 2020). Profit margin: 0.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
First quarter 2021 earnings released: EPS PK₨12.15 (vs PK₨5.71 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: PK₨8.60b (up 25% from 1Q 2020). Net income: PK₨284.6m (up 7.5% from 1Q 2020). Profit margin: 3.3% (down from 3.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorated over the past week After last week's 51% share price decline to PK₨594, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Apr 13
Upcoming dividend of PK₨15.00 per share Eligible shareholders must have bought the stock before 20 April 2021. Payment date: 20 May 2021. Trailing yield: 1.2%. Lower than top quartile of Pakistani dividend payers (9.0%). Lower than average of industry peers (2.9%). Reported Earnings • Apr 02
Full year 2020 earnings released: EPS PK₨56.29 (vs PK₨58.40 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: PK₨31.2b (up 3.7% from FY 2019). Net income: PK₨1.32b (down 3.6% from FY 2019). Profit margin: 4.2% (down from 4.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨955, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 146% over the past three years. Is New 90 Day High Low • Jan 14
New 90-day high: PK₨925 The company is up 28% from its price of PK₨725 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨860, the stock is trading at a trailing P/E ratio of 16.5x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 8x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 149%. Is New 90 Day High Low • Dec 15
New 90-day high: PK₨805 The company is up 10.0% from its price of PK₨731 on 16 September 2020. The Pakistani market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 3.0% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.20b, down 22% from the prior year. Total revenue was PK₨30.1b over the last 12 months, up 2.9% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day high: PK₨775 The company is up 22% from its price of PK₨635 on 02 July 2020. The Pakistani market is up 16% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 22% over the same period.