New Risk • Jun 11
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 8.4% 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 Risks Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (PK₨1.98b market cap, or US$7.11m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨0.89 (vs PK₨4.09 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.89 (down from PK₨4.09 in 3Q 2025). Revenue: PK₨2.32b (down 20% from 3Q 2025). Net income: PK₨15.1m (down 78% from 3Q 2025). Profit margin: 0.7% (down from 2.4% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. 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₨134, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total loss to shareholders of 31% over the past three years. Announcement • Apr 16
Towellers Limited to Report Q3, 2026 Results on Apr 28, 2026 Towellers Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Reported Earnings • Feb 27
Second quarter 2026 earnings released: EPS: PK₨0.90 (vs PK₨1.40 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.90 (down from PK₨1.40 in 2Q 2025). Revenue: PK₨2.98b (down 8.1% from 2Q 2025). Net income: PK₨15.4m (down 35% from 2Q 2025). Profit margin: 0.5% (down from 0.7% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Towellers Limited to Report First Half, 2026 Results on Feb 25, 2026 Towellers Limited announced that they will report first half, 2026 results on Feb 25, 2026 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨148, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Luxury industry in Pakistan. Total returns to shareholders of 52% over the past three years. New Risk • Jan 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.79b (US$9.96m) This is considered a major 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 Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (PK₨2.79b market cap, or US$9.96m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 31
First quarter 2026 earnings released: EPS: PK₨5.32 (vs PK₨10.46 in 1Q 2025) First quarter 2026 results: EPS: PK₨5.32 (down from PK₨10.46 in 1Q 2025). Revenue: PK₨2.77b (down 24% from 1Q 2025). Net income: PK₨90.5m (down 49% from 1Q 2025). Profit margin: 3.3% (down from 4.9% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Oct 17
Towellers Limited to Report Q1, 2026 Results on Oct 29, 2025 Towellers Limited announced that they will report Q1, 2026 results on Oct 29, 2025 New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.78b (US$9.87m) This is considered a major 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 Risk Market cap is less than US$10m (PK₨2.78b market cap, or US$9.87m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). New Risk • Oct 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (PK₨2.83b market cap, or US$10.1m). Reported Earnings • Oct 01
Full year 2025 earnings released: EPS: PK₨16.87 (vs PK₨32.91 in FY 2024) Full year 2025 results: EPS: PK₨16.87 (down from PK₨32.91 in FY 2024). Revenue: PK₨12.3b (flat on FY 2024). Net income: PK₨286.7m (down 49% from FY 2024). Profit margin: 2.3% (down from 4.5% in FY 2024). 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 23% per year, which means it is well ahead of earnings. Announcement • Sep 30
Towellers Limited, Annual General Meeting, Oct 28, 2025 Towellers Limited, Annual General Meeting, Oct 28, 2025. Location: at w.s.a. 30-31 block no., f.b. area, karachi Pakistan Announcement • Sep 19
Towellers Limited to Report Fiscal Year 2025 Results on Sep 29, 2025 Towellers Limited announced that they will report fiscal year 2025 results at 12:30 PM, Pakistan Standard Time on Sep 29, 2025 New Risk • Sep 08
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 9.1% 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 Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (PK₨3.05b market cap, or US$10.8m). New Risk • Aug 02
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (PK₨2.64b market cap, or US$9.33m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.3% net profit margin). New Risk • Jun 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 8.8% 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 High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (PK₨2.52b market cap, or US$8.89m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨150, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨98.48, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 02
Second quarter 2025 earnings released: EPS: PK₨1.40 (vs PK₨5.93 in 2Q 2024) Second quarter 2025 results: EPS: PK₨1.40 (down from PK₨5.93 in 2Q 2024). Revenue: PK₨3.24b (up 17% from 2Q 2024). Net income: PK₨23.7m (down 77% from 2Q 2024). Profit margin: 0.7% (down from 3.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨132, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 77% over the past three years. New Risk • Nov 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% 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 High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (PK₨2.49b market cap, or US$8.97m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Oct 31
First quarter 2025 earnings released: EPS: PK₨10.46 (vs PK₨29.65 in 1Q 2024) First quarter 2025 results: EPS: PK₨10.46 (down from PK₨29.65 in 1Q 2024). Revenue: PK₨3.63b (down 6.8% from 1Q 2024). Net income: PK₨177.8m (down 65% from 1Q 2024). Profit margin: 4.9% (down from 13% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Announcement • Oct 29
Towellers Limited Declares Final Dividend Towellers Limited at its 51st Annual General Meeting held on October 25, 2024 declared a final cash dividend of 80%, equating to PKR 8 per share. Upcoming Dividend • Oct 09
Upcoming dividend of PK₨8.00 per share Eligible shareholders must have bought the stock before 16 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (4.8%). Reported Earnings • Sep 30
Full year 2024 earnings released: EPS: PK₨32.91 (vs PK₨140 in FY 2023) Full year 2024 results: EPS: PK₨32.91 (down from PK₨140 in FY 2023). Revenue: PK₨12.3b (up 11% from FY 2023). Net income: PK₨559.5m (down 77% from FY 2023). Profit margin: 4.5% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Towellers Limited, Annual General Meeting, Oct 25, 2024 Towellers Limited, Annual General Meeting, Oct 25, 2024. Location: at w.s.a., 30-31 block no.1,f.b.area, karachi Pakistan Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨3.43 (vs PK₨24.26 in 3Q 2023) Third quarter 2024 results: EPS: PK₨3.43 (down from PK₨24.26 in 3Q 2023). Revenue: PK₨2.55b (up 35% from 3Q 2023). Net income: PK₨58.4m (down 86% from 3Q 2023). Profit margin: 2.3% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Second quarter 2024 earnings released: EPS: PK₨5.93 (vs PK₨22.87 in 2Q 2023) Second quarter 2024 results: EPS: PK₨5.93 (down from PK₨22.87 in 2Q 2023). Revenue: PK₨2.76b (up 7.0% from 2Q 2023). Net income: PK₨100.8m (down 74% from 2Q 2023). Profit margin: 3.6% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 05
Full year 2023 earnings released: EPS: PK₨140 (vs PK₨62.53 in FY 2022) Full year 2023 results: EPS: PK₨140 (up from PK₨62.53 in FY 2022). Revenue: PK₨11.1b (up 8.3% from FY 2022). Net income: PK₨2.39b (up 125% from FY 2022). Profit margin: 22% (up from 10% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Oct 04
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 Risk Market cap is less than US$10m (PK₨2.83b market cap, or US$9.86m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to PK₨153, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to PK₨223, 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 195% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨259, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨182, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 28
Third quarter 2022 earnings released: EPS: PK₨16.01 (vs PK₨7.42 in 3Q 2021) Third quarter 2022 results: EPS: PK₨16.01 (up from PK₨7.42 in 3Q 2021). Revenue: PK₨2.31b (up 94% from 3Q 2021). Net income: PK₨272.2m (up 116% from 3Q 2021). Profit margin: 12% (up from 11% 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 31% 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 • Feb 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨129, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 51% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Niaz Muhammad was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨96.70, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 29% over the past three years. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 17 October 2022. Payment date: 16 November 2022. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (4.7%). Announcement • Oct 06
Towellers Limited, Annual General Meeting, Oct 26, 2022 Towellers Limited, Annual General Meeting, Oct 26, 2022, at 15:30 Pakistan Standard Time. Location: Towellers House WSA, 30-31, Block-1 Federal B Area Karachi Karachi Pakistan Agenda: To receive consider and adopt Audited Financial Statements of the Company for the year ended June 30 2022 together with Chairman review , Directors and auditors , report thereon; to consider and approve the payment of cash dividend; to appoint auditors for the year ending June 30 2023; and to consider other matters. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨99.99, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 20% over the past three years. 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. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Valy Rangoonwala 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 • Oct 29
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨115, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 68% over the past three years. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS PK₨32.73 (vs PK₨16.23 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨5.22b (up 38% from FY 2020). Net income: PK₨556.5m (up 102% from FY 2020). Profit margin: 11% (up from 7.3% 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 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨138, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨115, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨89.85, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total loss to shareholders of 2.2% over the past three years. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨7.42 (vs PK₨1.65 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨1.19b (up 58% from 3Q 2020). Net income: PK₨126.2m (up 351% from 3Q 2020). Profit margin: 11% (up from 3.7% 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 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨71.70, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS PK₨14.22 (vs PK₨7.56 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨1.63b (up 39% from 2Q 2020). Net income: PK₨241.8m (up 88% from 2Q 2020). Profit margin: 15% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨99.50, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.8x. 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 2.2%. Is New 90 Day High Low • Jan 15
New 90-day high: PK₨101 The company is up 29% from its price of PK₨77.65 on 15 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 26% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨98.95, the stock is trading at a trailing P/E ratio of 4.3x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 8x in the Luxury industry in Pakistan. Total return to shareholders over the past three years is a loss of 21%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨92.48, the stock is trading at a trailing P/E ratio of 4x, up from the previous P/E ratio of 3.5x. This compares to an average P/E of 8x in the Luxury industry in Pakistan. Total return to shareholders over the past three years is a loss of 21%. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨92.42, the stock is trading at a trailing P/E ratio of 4x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 8x in the Luxury industry in Pakistan. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Dec 17
New 90-day high: PK₨85.98 The company is up 10.0% from its price of PK₨78.13 on 18 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨388.2m, down 6.6% from the prior year. Total revenue was PK₨4.03b over the last 12 months, up 1.9% from the prior year. Is New 90 Day High Low • Oct 10
New 90-day low: PK₨69.00 The company is down 13% from its price of PK₨79.10 on 09 July 2020. The Pakistani market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Oct 08
Full year earnings released - EPS PK₨16.23 Over the last 12 months the company has reported total profits of PK₨275.9m, down 32% from the prior year. Total revenue was PK₨3.77b over the last 12 months, down 2.0% from the prior year. Profit margins were 7.3%, which is lower than the 11% margin from last year. The decrease in margin was primarily driven by lower revenue. Reported Earnings • Sep 26
Full year earnings released - EPS PK₨14.18 Over the last 12 months the company has reported total profits of PK₨241.0m, down 39% from the prior year. Total revenue was PK₨3.77b over the last 12 months, down 2.0% from the prior year. Profit margins were 6.4%, which is lower than the 10% margin from last year. The decrease in margin was primarily driven by higher expenses. 
