Reported Earnings • May 01
Third quarter 2026 earnings released: EPS: PK₨0.78 (vs PK₨0.90 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.78 (down from PK₨0.90 in 3Q 2025). Revenue: PK₨1.84b (up 21% from 3Q 2025). Net income: PK₨170.4m (down 14% from 3Q 2025). Profit margin: 9.3% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨6.94b market cap, or US$24.9m). Announcement • Apr 21
At-Tahur Limited to Report Q3, 2026 Results on Apr 28, 2026 At-Tahur Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 28, 2026 New Risk • Apr 16
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). High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨7.60b market cap, or US$27.2m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨28.72, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 14x in the Food industry in Pakistan. Total returns to shareholders of 81% over the past three years. Reported Earnings • Feb 28
Second quarter 2026 earnings released: EPS: PK₨0.91 (vs PK₨0.63 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.91 (up from PK₨0.63 in 2Q 2025). Revenue: PK₨1.70b (up 29% from 2Q 2025). Net income: PK₨199.4m (up 64% from 2Q 2025). Profit margin: 12% (up from 9.3% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. 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 6.9% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (PK₨6.86b market cap, or US$24.5m). Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨30.13, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Food industry in Pakistan. Total returns to shareholders of 89% over the past three years. Announcement • Feb 19
At-Tahur Limited to Report First Half, 2026 Results on Feb 26, 2026 At-Tahur Limited announced that they will report first half, 2026 results on Feb 26, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨0.20 (vs PK₨0.11 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.20 (up from PK₨0.11 in 1Q 2025). Revenue: PK₨1.55b (up 22% from 1Q 2025). Net income: PK₨42.9m (up 76% from 1Q 2025). Profit margin: 2.8% (up from 1.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Nov 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨8.49b market cap, or US$30.2m). Announcement • Oct 24
At-Tahur Limited to Report Q3, 2025 Results on Oct 30, 2025 At-Tahur Limited announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Oct 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 485% 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. Market cap is less than US$100m (PK₨9.64b market cap, or US$34.3m). Reported Earnings • Oct 02
Full year 2025 earnings released: EPS: PK₨2.42 (vs PK₨1.62 in FY 2024) Full year 2025 results: EPS: PK₨2.42 (up from PK₨1.62 in FY 2024). Revenue: PK₨5.65b (down 3.3% from FY 2024). Net income: PK₨528.1m (up 50% from FY 2024). Profit margin: 9.3% (up from 6.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Oct 02
At-Tahur Limited, Annual General Meeting, Oct 27, 2025 At-Tahur Limited, Annual General Meeting, Oct 27, 2025. Location: at registered office, 182-abu bakar block, new garden town, lahore Pakistan New Risk • Sep 22
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 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨10.5b market cap, or US$37.4m). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨52.94, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 22x in the Food industry in Pakistan. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨36.77, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Food industry in Pakistan. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨58.40, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 19x in the Food industry in Pakistan. Total returns to shareholders of 224% over the past three years. Reported Earnings • Apr 30
Third quarter 2025 earnings released: EPS: PK₨0.90 (vs PK₨0.60 in 3Q 2024) Third quarter 2025 results: EPS: PK₨0.90 (up from PK₨0.60 in 3Q 2024). Revenue: PK₨1.52b (flat on 3Q 2024). Net income: PK₨197.0m (up 51% from 3Q 2024). Profit margin: 13% (up from 8.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to PK₨38.00, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 19x in the Food industry in Pakistan. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨48.15, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 19x in the Food industry in Pakistan. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨32.15, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Food industry in Pakistan. Total returns to shareholders of 58% over the past three years. New Risk • Mar 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 983% 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: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (PK₨6.39b market cap, or US$22.8m). Reported Earnings • Mar 02
Second quarter 2025 earnings released: EPS: PK₨630 (vs PK₨0.34 in 2Q 2024) Second quarter 2025 results: EPS: PK₨630 (up from PK₨0.34 in 2Q 2024). Revenue: PK₨1.31b (down 8.4% from 2Q 2024). Net income: PK₨121.6m (up 63% from 2Q 2024). Profit margin: 9.3% (up from 5.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% 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 • Feb 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨29.14, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 15x in the Food industry in Pakistan. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to PK₨26.60, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 8x in the Food industry in Pakistan. Total returns to shareholders of 39% over the past three years. New Risk • Nov 20
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 9.6% 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 Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (PK₨4.68b market cap, or US$16.8m). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to PK₨18.57, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 9x in the Food industry in Pakistan. Total loss to shareholders of 25% over the past three years. Reported Earnings • Nov 01
First quarter 2025 earnings released: EPS: PK₨0.11 (vs PK₨0.14 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.11 (down from PK₨0.14 in 1Q 2024). Revenue: PK₨1.27b (down 4.3% from 1Q 2024). Net income: PK₨24.4m (down 20% from 1Q 2024). Profit margin: 1.9% (down from 2.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Oct 03
At-Tahur Limited, Annual General Meeting, Oct 28, 2024 At-Tahur Limited, Annual General Meeting, Oct 28, 2024. Location: at registered office, 182 abu bakar block, new garden town, lahore Australia New Risk • Sep 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 7.2% 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: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (PK₨3.79b market cap, or US$13.6m). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨15.58, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the Food industry in Pakistan. Total loss to shareholders of 30% over the past three years. Announcement • Jul 24
At-Tahur Limited Appoints Hashim Tariq as the New Company Secretary At-Tahur Limited has officially appointed Mr. Hashim Tariq as the new Company Secretary, effective July 19, 2024, following the cessation of Mr. Humza Chaudhry from the role. The change in this key administrative position was announced in a recent notification to the Pakistan Stock Exchange. Mr. Chaudhry's tenure as Company Secretary concluded on the stated effective date, paving the way for Mr. Tariq to take over the responsibilities associated with the position. New Risk • May 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 33% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (5.9% net profit margin). Market cap is less than US$100m (PK₨3.22b market cap, or US$11.6m). Reported Earnings • Mar 03
Second quarter 2024 earnings released: EPS: PK₨0.34 (vs PK₨0.93 in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.34 (down from PK₨0.93 in 2Q 2023). Revenue: PK₨1.43b (up 14% from 2Q 2023). Net income: PK₨74.7m (down 63% from 2Q 2023). Profit margin: 5.2% (down from 16% in 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: PK₨5.71 (vs PK₨3.94 in FY 2022) Full year 2023 results: EPS: PK₨5.71 (up from PK₨3.94 in FY 2022). Revenue: PK₨4.90b (up 49% from FY 2022). Net income: PK₨1.25b (up 45% from FY 2022). Profit margin: 26% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨3.56 (vs PK₨0.58 in 3Q 2022) Third quarter 2023 results: EPS: PK₨3.56 (up from PK₨0.58 in 3Q 2022). Revenue: PK₨1.31b (up 55% from 3Q 2022). Net income: PK₨778.4m (up PK₨652.1m from 3Q 2022). Profit margin: 60% (up from 15% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Farzana Firoz was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Farzana Firoz was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 03
At-Tahur Limited Announces Cessation of Syed Kashif Ul Hassan Shah as Director At-Tahur Limited announced that Syed Kashif ul Hassan Shah has ceased to be the director of the company with effect from August 26, 2022. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨23.48, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 13x in the Food industry in Pakistan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS PK₨1.25 (vs PK₨0.24 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨693.7m (up 28% from 1Q 2021). Net income: PK₨221.3m (up 349% from 1Q 2021). Profit margin: 32% (up from 9.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 24
Full year 2021 earnings released: EPS PK₨1.48 (vs PK₨0.31 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨2.56b (up 41% from FY 2020). Net income: PK₨262.3m (up 378% from FY 2020). Profit margin: 10% (up from 3.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% 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 • Aug 04
Investor sentiment improved over the past week After last week's 27% share price gain to PK₨31.13, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 14x in the Food industry in Pakistan. Total returns to shareholders of 42% 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 17% share price gain to PK₨20.35, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 13x in the Food industry in Pakistan. Total returns to shareholders of 28% over the past year. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨0.59 (vs PK₨0.095 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨674.1m (up 51% from 3Q 2020). Net income: PK₨104.3m (up PK₨87.8m from 3Q 2020). Profit margin: 16% (up from 3.7% in 3Q 2020). Is New 90 Day High Low • Mar 09
New 90-day low: PK₨16.82 The company is down 9.0% from its price of PK₨18.55 on 09 December 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 1.0% over the same period. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS PK₨0.16 (vs PK₨0.046 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨633.6m (up 49% from 2Q 2020). Net income: PK₨27.8m (up 259% from 2Q 2020). Profit margin: 4.4% (up from 1.8% in 2Q 2020). Is New 90 Day High Low • Dec 31
New 90-day high: PK₨20.16 The company is up 11% from its price of PK₨18.21 on 02 October 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: PK₨16.52 The company is down 2.0% from its price of PK₨16.86 on 21 August 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 7.0% over the same period. Reported Earnings • Oct 09
Full year earnings released Over the last 12 months the company has reported total profits of PK₨54.9m, down 80% from the prior year. Total revenue was PK₨1.81b over the last 12 months, up 20% from the prior year. Profit margins were 3.0%, which is lower than the 18% margin from last year. The decrease in margin was driven by higher expenses. Reported Earnings • Sep 29
Full year earnings released - EPS PK₨0.34 Over the last 12 months the company has reported total profits of PK₨54.9m, down 80% from the prior year. Total revenue was PK₨1.81b over the last 12 months, up 20% from the prior year. Profit margins were 3.0%, which is lower than the 18% margin from last year. The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Sep 18
New 90-day high: PK₨23.15 The company is up 36% from its price of PK₨17.01 on 19 June 2020. The Pakistani market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 18% over the same period.