New Risk • May 29
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 9.8% 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 (1.8x net interest cover). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (PK₨1.29b market cap, or US$4.65m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Apr 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x 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 (1.7x net interest cover). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (PK₨1.16b market cap, or US$4.16m). Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨0.50 (vs PK₨6.60 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.50 (down from PK₨6.60 in 3Q 2025). Revenue: PK₨2.34b (down 15% from 3Q 2025). Net income: PK₨3.92m (down 92% from 3Q 2025). Profit margin: 0.2% (down from 1.9% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Punjab Oil Mills Limited to Report Q3, 2026 Results on Apr 28, 2026 Punjab Oil Mills Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Reported Earnings • Mar 05
Second quarter 2026 earnings released: PK₨1.02 loss per share (vs PK₨2.76 loss in 2Q 2025) Second quarter 2026 results: PK₨1.02 loss per share (improved from PK₨2.76 loss in 2Q 2025). Revenue: PK₨2.18b (down 5.3% from 2Q 2025). Net loss: PK₨7.92m (loss narrowed 63% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • Feb 20
Punjab Oil Mills Limited to Report First Half, 2026 Results on Feb 27, 2026 Punjab Oil Mills Limited announced that they will report first half, 2026 results on Feb 27, 2026 Announcement • Jan 08
Punjab Oil Mills Limited Announces Board and Committee Changes The Board of Directors of Punjab Oil Mills Limited in its meeting held on January 08, 2026 has approved the following decisions: Mr. Tahir Jahangir has been elected as Chairman of the Company. Formation of Board Committees: The Audit Committee is chaired by Mr. Ahmed Aqeel, with Mr. Furqan Anwar Batla and Miss Mehrunisa Malik serving as members. The Human Resource & Remuneration Committee is led by Mr. Saif Ali Rastgar as Chairman, and its members include Mr. Jillani Jahangir, Mr. Furqan Anwar Batla, Mrs. Munizae Jahangir, and Mr. Ehtisham Ahmed Khan. Announcement • Oct 24
Punjab Oil Mills Limited to Report Q1, 2026 Results on Oct 31, 2025 Punjab Oil Mills Limited announced that they will report Q1, 2026 results on Oct 31, 2025 Reported Earnings • Oct 09
Full year 2025 earnings released: PK₨8.89 loss per share (vs PK₨4.82 loss in FY 2024) Full year 2025 results: PK₨8.89 loss per share (further deteriorated from PK₨4.82 loss in FY 2024). Revenue: PK₨9.24b (up 15% from FY 2024). Net loss: PK₨69.0m (loss widened 85% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Announcement • Oct 07
Punjab Oil Mills Limited, Annual General Meeting, Oct 28, 2025 Punjab Oil Mills Limited, Annual General Meeting, Oct 28, 2025. Location: at plot no. 26-28, industrial triangle, kahuta road, islamabad Pakistan New Risk • Oct 06
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 Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (PK₨1.44b market cap, or US$5.12m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Sep 30
Punjab Oil Mills Limited to Report Fiscal Year 2025 Results on Oct 04, 2025 Punjab Oil Mills Limited announced that they will report fiscal year 2025 results at 9:30 AM, Pakistan Standard Time on Oct 04, 2025 Reported Earnings • May 02
Third quarter 2025 earnings released: EPS: PK₨6.60 (vs PK₨0.82 in 3Q 2024) Third quarter 2025 results: EPS: PK₨6.60 (up from PK₨0.82 in 3Q 2024). Revenue: PK₨2.75b (up 18% from 3Q 2024). Net income: PK₨51.2m (up PK₨44.8m from 3Q 2024). Profit margin: 1.9% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Second quarter 2025 earnings released: PK₨2.76 loss per share (vs PK₨4.96 loss in 2Q 2024) Second quarter 2025 results: PK₨2.76 loss per share (improved from PK₨4.96 loss in 2Q 2024). Revenue: PK₨2.30b (up 28% from 2Q 2024). Net loss: PK₨21.4m (loss narrowed 44% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Jan 28
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 Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (PK₨1.19b market cap, or US$4.29m). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Nov 01
Punjab Oil Mills Limited, Annual General Meeting, Nov 27, 2024 Punjab Oil Mills Limited, Annual General Meeting, Nov 27, 2024. Location: plot no. 26-28, industrial triangle, kahuta road, islamabad Pakistan Reported Earnings • May 09
Third quarter 2024 earnings released: EPS: PK₨0.82 (vs PK₨20.39 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.82 (down from PK₨20.39 in 3Q 2023). Revenue: PK₨2.33b (down 31% from 3Q 2023). Net income: PK₨6.38m (down 96% from 3Q 2023). Profit margin: 0.3% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 05
Second quarter 2024 earnings released: PK₨4.96 loss per share (vs PK₨5.95 loss in 2Q 2023) Second quarter 2024 results: PK₨4.96 loss per share (improved from PK₨5.95 loss in 2Q 2023). Revenue: PK₨1.80b (down 19% from 2Q 2023). Net loss: PK₨38.5m (loss narrowed 1.9% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨141, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Food industry in Pakistan. Total returns to shareholders of 1.5% over the past three years. Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: PK₨5.54 (vs PK₨8.67 in FY 2022) Full year 2023 results: EPS: PK₨5.54 (down from PK₨8.67 in FY 2022). Revenue: PK₨9.84b (up 11% from FY 2022). Net income: PK₨43.0m (down 36% from FY 2022). Profit margin: 0.4% (down from 0.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨117, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 7x in the Food industry in Pakistan. Total returns to shareholders of 2.2% over the past three years. New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨931.5m market cap, or US$3.27m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨932.8m market cap, or US$3.36m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨933.8m market cap, or US$3.36m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨941.2m market cap, or US$3.39m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨940.8m market cap, or US$3.40m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨947.1m market cap, or US$3.31m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨947.1m market cap, or US$3.31m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨122, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Food industry in Pakistan. Total returns to shareholders of 13% over the past three years. Reported Earnings • May 05
Third quarter 2023 earnings released: EPS: PK₨24.47 (vs PK₨9.44 in 3Q 2022) Third quarter 2023 results: EPS: PK₨24.47 (up from PK₨9.44 in 3Q 2022). Revenue: PK₨3.39b (up 47% from 3Q 2022). Net income: PK₨141.1m (up 131% from 3Q 2022). Profit margin: 4.2% (up from 2.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨127, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 7x in the Food industry in Pakistan. Negligible returns to shareholders over past three years. Board Change • Apr 13
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. 6 non-independent directors. Independent Director Saif Rastgar was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 06
Second quarter 2023 earnings released: PK₨7.13 loss per share (vs PK₨2.47 loss in 2Q 2022) Second quarter 2023 results: PK₨7.13 loss per share (further deteriorated from PK₨2.47 loss in 2Q 2022). Revenue: PK₨2.23b (down 6.3% from 2Q 2022). Net loss: PK₨39.2m (loss widened 146% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Jan 04
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. 5 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Non Executive Director Firasat Ali 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. 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. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non Executive Director Firasat Ali 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 • Nov 03
First quarter 2023 earnings released: EPS: PK₨1.65 (vs PK₨4.18 in 1Q 2022) First quarter 2023 results: EPS: PK₨1.65 (down from PK₨4.18 in 1Q 2022). Revenue: PK₨2.28b (up 25% from 1Q 2022). Net income: PK₨10.7m (down 61% from 1Q 2022). Profit margin: 0.5% (down from 1.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Oct 12
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 19 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨165, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 10x in the Food industry in Pakistan. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨148, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 9x in the Food industry in Pakistan. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨180, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 10x in the Food industry in Pakistan. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 29% share price gain to PK₨180, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 10x in the Food industry in Pakistan. Total loss to shareholders of 7.6% 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 Non Executive Director Firasat Ali 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 12
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: PK₨2.96 loss per share (up from PK₨3.10 loss in 2Q 2021). Revenue: PK₨2.38b (up 60% from 2Q 2021). Net loss: PK₨15.9m (loss narrowed 4.5% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Dec 15
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 Non Executive Director Firasat Ali 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 • Oct 30
First quarter 2022 earnings released: EPS PK₨5.02 (vs PK₨6.74 in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨1.83b (up 48% from 1Q 2021). Net income: PK₨27.1m (down 26% from 1Q 2021). Profit margin: 1.5% (down from 2.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Oct 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. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non Executive Director Firasat Ali 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₨1.00 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 18 November 2021. Trailing yield: 0.5%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (4.1%). Reported Earnings • Oct 09
Full year 2021 earnings released: PK₨3.15 loss per share (vs PK₨15.62 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: PK₨5.98b (up 14% from FY 2020). Net loss: PK₨17.0m (down 120% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨243, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 13x in the Food industry in Pakistan. Total loss to shareholders of 12% over the past three years. Reported Earnings • Apr 28
Third quarter 2021 earnings released: PK₨1.03 loss per share (vs PK₨2.23 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: PK₨1.66b (up 13% from 3Q 2020). Net loss: PK₨5.55m (loss narrowed 54% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Executive Departure • Apr 20
CEO, MD & Executive Director Izaz Malik has left the company On the 12th of April, Izaz Malik's tenure as CEO, MD & Executive Director of the company ended. Izaz personally held 116.57k shares (PK₨22m worth) as of December 2020. This is 2.2% of the company. Izaz is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 25
Second quarter 2021 earnings released: PK₨3.10 loss per share (vs PK₨8.72 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: PK₨1.49b (up 1.2% from 2Q 2020). Net loss: PK₨16.7m (down 136% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: PK₨283 The company is up 104% from its price of PK₨139 on 06 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨281, the stock is trading at a trailing P/E ratio of 15.8x, up from the previous P/E ratio of 13x. This compares to an average P/E of 13x in the Food industry in Pakistan. Total returns to shareholders over the past three years are 28%. Is New 90 Day High Low • Jan 12
New 90-day high: PK₨217 The company is up 67% from its price of PK₨130 on 14 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨217, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 12x in the Food industry in Pakistan. Total return to shareholders over the past three years is a loss of 8.9%. Is New 90 Day High Low • Dec 03
New 90-day high: PK₨173 The company is up 8.0% from its price of PK₨160 on 04 September 2020. The Pakistani market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 22% share price gain to PK₨161, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 11x in the Food industry in Pakistan. Total return to shareholders over the past three years is a loss of 18%. Reported Earnings • Oct 07
Full year earnings released - EPS PK₨15.62 Over the last 12 months the company has reported total profits of PK₨84.2m, down 22% from the prior year. Total revenue was PK₨5.27b over the last 12 months, down 4.3% from the prior year. Profit margins were 1.6%, which is in line with last year. Is New 90 Day High Low • Sep 22
New 90-day low: PK₨150 The company is down 6.0% from its price of PK₨159 on 23 June 2020. The Pakistani market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 13% over the same period. Reported Earnings • Sep 18
Full year earnings released - EPS PK₨15.62 Over the last 12 months the company has reported total profits of PK₨84.2m, down 22% from the prior year. Total revenue was PK₨5.27b over the last 12 months, down 4.3% from the prior year. Profit margins were 1.6%, which is in line with last year.