Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨0.12 (vs PK₨0.19 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.12 (down from PK₨0.19 in 3Q 2025). Revenue: PK₨1.85b (down 26% from 3Q 2025). Net income: PK₨6.98m (down 38% from 3Q 2025). Profit margin: 0.4% (in line with 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Zephyr Textiles Limited to Report Q3, 2026 Results on Apr 30, 2026 Zephyr Textiles Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Reported Earnings • Mar 04
Second quarter 2026 earnings released: PK₨0.95 loss per share (vs PK₨0.58 profit in 2Q 2025) Second quarter 2026 results: PK₨0.95 loss per share (down from PK₨0.58 profit in 2Q 2025). Revenue: PK₨1.86b (up 5.9% from 2Q 2025). Net loss: PK₨56.4m (down 263% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • Feb 26
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 6.8% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (PK₨814.8m market cap, or US$2.91m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Feb 20
Zephyr Textiles Limited to Report Q2, 2026 Results on Feb 27, 2026 Zephyr Textiles Limited announced that they will report Q2, 2026 results on Feb 27, 2026 Reported Earnings • Nov 04
First quarter 2026 earnings released: EPS: PK₨0.16 (vs PK₨0.59 loss in 1Q 2025) First quarter 2026 results: EPS: PK₨0.16 (up from PK₨0.59 loss in 1Q 2025). Revenue: PK₨1.96b (down 9.9% from 1Q 2025). Net income: PK₨9.41m (up PK₨44.8m from 1Q 2025). Profit margin: 0.5% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Oct 24
Zephyr Textiles Limited to Report Q1, 2026 Results on Oct 30, 2025 Zephyr Textiles Limited announced that they will report Q1, 2026 results on Oct 30, 2025 New Risk • Oct 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. 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). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (PK₨1.02b market cap, or US$3.61m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (0.02% net profit margin). Reported Earnings • Oct 02
Full year 2025 earnings released: EPS: PK₨0.03 (vs PK₨0.77 in FY 2024) Full year 2025 results: EPS: PK₨0.03 (down from PK₨0.77 in FY 2024). Revenue: PK₨8.28b (down 1.4% from FY 2024). Net income: PK₨1.82m (down 96% from FY 2024). Profit margin: 0% (down from 0.5% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Oct 02
Zephyr Textiles Limited, Annual General Meeting, Oct 28, 2025 Zephyr Textiles Limited, Annual General Meeting, Oct 28, 2025. New Risk • Jul 30
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 11% 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 (11% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (PK₨1.17b market cap, or US$4.12m). Minor Risk High level of debt (59% net debt to equity). Board Change • Mar 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Sheikh Iqbal was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 06
Second quarter 2025 earnings released: EPS: PK₨0.58 (vs PK₨1.16 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.58 (down from PK₨1.16 in 2Q 2024). Revenue: PK₨1.76b (up 7.1% from 2Q 2024). Net income: PK₨34.7m (down 50% from 2Q 2024). Profit margin: 2.0% (down from 4.2% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 03
First quarter 2025 earnings released: PK₨0.60 loss per share (vs PK₨2.27 profit in 1Q 2024) First quarter 2025 results: PK₨0.60 loss per share (down from PK₨2.27 profit in 1Q 2024). Revenue: PK₨2.18b (up 9.6% from 1Q 2024). Net loss: PK₨35.4m (down 126% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 02
Full year 2024 earnings released: EPS: PK₨0.77 (vs PK₨4.00 in FY 2023) Full year 2024 results: EPS: PK₨0.77 (down from PK₨4.00 in FY 2023). Revenue: PK₨8.39b (up 5.9% from FY 2023). Net income: PK₨45.7m (down 81% from FY 2023). Profit margin: 0.5% (down from 3.0% 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 6% per year whereas the company’s share price has fallen by 5% per year. Announcement • Sep 28
Zephyr Textiles Limited, Annual General Meeting, Oct 28, 2024 Zephyr Textiles Limited, Annual General Meeting, Oct 28, 2024. Location: at the registered office of the company, 3rd floor i.e.p.building 97-b/d-1, gulberg-iii, lahore Pakistan New Risk • Sep 02
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 7.5% 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 Risks Interest payments are not well covered by earnings (2.5x net interest cover). Market cap is less than US$10m (PK₨804.7m market cap, or US$2.89m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). New Risk • May 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (PK₨683.4m market cap, or US$2.46m). Board Change • Feb 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Rana Ud Din was the last independent director to join the board, commencing their role in 2018. 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 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨8.25, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨9.30, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 70% over the past three years. Board Change • Apr 20
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Rana Ud Din was the last independent director to join the board, commencing their role in 2018. 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 • Mar 06
Second quarter 2023 earnings released: PK₨0.99 loss per share (vs PK₨1.91 profit in 2Q 2022) Second quarter 2023 results: PK₨0.99 loss per share (down from PK₨1.91 profit in 2Q 2022). Revenue: PK₨1.66b (up 5.4% from 2Q 2022). Net loss: PK₨59.1m (down 152% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to PK₨7.10, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 3.6% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨9.92, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 45% over the past three years. Board Change • Jan 25
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Rana Ud Din was the last independent director to join the board, commencing their role in 2018. 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 • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨10.12, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨10.86, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 53% 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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Rana Ud Din was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 13
Upcoming dividend of PK₨0.50 per share Eligible shareholders must have bought the stock before 20 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (4.7%). 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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Rana Ud Din was the last independent director to join the board, commencing their role in 2018. 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 • Jan 31
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨13.93, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨12.70, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨11.80, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 27% over the past three years. Upcoming Dividend • Oct 13
Upcoming dividend of PK₨0.50 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 18 November 2021. Trailing yield: 3.4%. Lower than top quartile of Pakistani dividend payers (10%). In line with average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨15.27, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨19.97, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨18.86, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 105% over the past three years. Is New 90 Day High Low • Mar 10
New 90-day low: PK₨11.50 The company is down 7.0% from its price of PK₨12.41 on 10 December 2020. The Pakistani market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 20% over the same period. Reported Earnings • Feb 22
Second quarter 2021 earnings released: EPS PK₨0.85 (vs PK₨0.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨1.47b (up 18% from 2Q 2020). Net income: PK₨50.3m (up 172% from 2Q 2020). Profit margin: 3.4% (up from 1.5% 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 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨13.50, the stock is trading at a trailing P/E ratio of 6.6x, down from the previous P/E ratio of 8x. 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 23%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨13.41, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.4x. 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 21%. Is New 90 Day High Low • Dec 10
New 90-day high: PK₨12.41 The company is up 40% from its price of PK₨8.85 on 11 September 2020. The Pakistani market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 17% share price gain to PK₨10.01, the stock is trading at a trailing P/E ratio of 5.9x, up from the previous P/E ratio of 5x. This compares to an average P/E of 9x in the Luxury industry in Pakistan. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Nov 09
New 90-day high: PK₨9.19 The company is up 24% from its price of PK₨7.40 on 11 August 2020. The Pakistani market is up 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. 