New Risk • Jun 25
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 8.5% 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 Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (PK₨362.5m market cap, or US$1.30m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$5m (PK₨558m revenue, or US$2.0m). Reported Earnings • May 05
Third quarter 2026 earnings released: PK₨5.32 loss per share (vs PK₨1.09 loss in 3Q 2025) Third quarter 2026 results: PK₨5.32 loss per share (further deteriorated from PK₨1.09 loss in 3Q 2025). Revenue: PK₨140.9m (down 4.2% from 3Q 2025). Net loss: PK₨7.66m (loss widened 389% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Announcement • Apr 20
Buxly Paints Limited to Report Q3, 2026 Results on Apr 29, 2026 Buxly Paints Limited announced that they will report Q3, 2026 results on Apr 29, 2026 New Risk • Feb 27
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 7.0% 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 29% per year over the past 5 years. Market cap is less than US$10m (PK₨229.9m market cap, or US$822.2k). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (PK₨564m revenue, or US$2.0m). Reported Earnings • Feb 26
Second quarter 2026 earnings released: PK₨7.74 loss per share (vs PK₨0.08 loss in 2Q 2025) Second quarter 2026 results: PK₨7.74 loss per share (further deteriorated from PK₨0.08 loss in 2Q 2025). Revenue: PK₨150.6m (down 5.0% from 2Q 2025). Net loss: PK₨11.2m (loss widened PK₨11.0m from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Buxly Paints Limited to Report Q2, 2026 Results on Feb 25, 2026 Buxly Paints Limited announced that they will report Q2, 2026 results on Feb 25, 2026 Reported Earnings • Oct 31
First quarter 2026 earnings released: PK₨0.98 loss per share (vs PK₨1.43 profit in 1Q 2025) First quarter 2026 results: PK₨0.98 loss per share (down from PK₨1.43 profit in 1Q 2025). Revenue: PK₨133.6m (down 10% from 1Q 2025). Net loss: PK₨1.42m (down 169% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Sep 26
Buxly Paints Limited, Annual General Meeting, Oct 28, 2025 Buxly Paints Limited, Annual General Meeting, Oct 28, 2025. Location: at registered office, x-3, manghopir road, s.i.t.e., karachi Pakistan Reported Earnings • Sep 26
Full year 2025 earnings released: PK₨2.82 loss per share (vs PK₨4.86 profit in FY 2024) Full year 2025 results: PK₨2.82 loss per share (down from PK₨4.86 profit in FY 2024). Revenue: PK₨587.1m (down 5.8% from FY 2024). Net loss: PK₨4.06m (down 158% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Jul 15
Third quarter 2025 earnings released: PK₨1.09 loss per share (vs PK₨0.72 profit in 3Q 2024) Third quarter 2025 results: PK₨1.09 loss per share (down from PK₨0.72 profit in 3Q 2024). Revenue: PK₨147.2m (up 3.0% from 3Q 2024). Net loss: PK₨1.57m (down 250% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
Third quarter 2025 earnings released: PK₨1.09 loss per share (vs PK₨0.72 profit in 3Q 2024) Third quarter 2025 results: PK₨1.09 loss per share (down from PK₨0.72 profit in 3Q 2024). Revenue: PK₨147.2m (up 3.0% from 3Q 2024). Net loss: PK₨1.57m (down 250% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% 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 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨124, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 10x in the Chemicals industry in Pakistan. Total loss to shareholders of 9.3% over the past three years. New Risk • Apr 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨210.9m market cap, or US$750.5k). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Revenue is less than US$5m (PK₨583m revenue, or US$2.1m). Reported Earnings • Mar 01
Second quarter 2025 earnings released: PK₨0.08 loss per share (vs PK₨1.95 profit in 2Q 2024) Second quarter 2025 results: PK₨0.08 loss per share (down from PK₨1.95 profit in 2Q 2024). Revenue: PK₨158.6m (down 10% from 2Q 2024). Net loss: PK₨113.0k (down 104% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Buxly Paints Limited Announces Change of Company Secretary Buxly Paints Limited has announced the appointment of Mr. Hassnat Basit Baig as the new Company Secretary, effective from October 29, 2024. Mr. Baig succeeds Mr. Muhammad Jawad Rafique in this role. Announcement • Oct 10
Buxly Paints Limited Announces Company Secretary Changes Buxly Paints Limited appointed Mr. Muhammad Jawad Rafique as the new Company Secretary, effective from September 25, 2024. He succeeds Mr. Mohsin Shakeel Malik in this key administrative role. The appointment marks a significant transition in the company's leadership structure. Mr. Rafique, whose expertise and experience are well-regarded in the industry, is expected to bring fresh perspectives to Buxly Paints Limited at a time when the company is poised for strategic expansions and enhancements in operational procedures. New Risk • Oct 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Market cap is less than US$10m (PK₨233.0m market cap, or US$839.4k). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (PK₨623m revenue, or US$2.2m). Reported Earnings • Oct 05
Full year 2024 earnings released: EPS: PK₨4.86 (vs PK₨1.89 in FY 2023) Full year 2024 results: EPS: PK₨4.86 (up from PK₨1.89 in FY 2023). Revenue: PK₨623.0m (up 8.0% from FY 2023). Net income: PK₨7.00m (up 158% from FY 2023). Profit margin: 1.1% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 62% to PK₨161. The fair value is estimated to be PK₨133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 48%. Announcement • Sep 27
Buxly Paints Limited, Annual General Meeting, Oct 28, 2024 Buxly Paints Limited, Annual General Meeting, Oct 28, 2024. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨196, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 100% over the past three years. Buy Or Sell Opportunity • Jul 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to PK₨135. The fair value is estimated to be PK₨112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 48%. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨111, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 65% over the past three years. Reported Earnings • May 04
Third quarter 2024 earnings released: EPS: PK₨0.72 (vs PK₨0.32 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.72 (up from PK₨0.32 in 3Q 2023). Revenue: PK₨142.8m (up 7.9% from 3Q 2023). Net income: PK₨1.04m (up 129% from 3Q 2023). Profit margin: 0.7% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.7% 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₨129.4m market cap, or US$465.3k). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (PK₨632m revenue, or US$2.3m). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨104, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 6x in the Chemicals industry in Pakistan. Total returns to shareholders of 87% over the past three years. New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨127.8m market cap, or US$444.9k). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Revenue is less than US$5m (PK₨578m revenue, or US$2.0m). Board Change • May 02
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. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Rubina Rizvi was the last independent 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨81.00, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨78.00, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨109, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 7x in the Chemicals industry in Pakistan. Total returns to shareholders of 112% 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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Rubina Rizvi was the last independent 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: Minority of independent directors. Insufficient board refreshment. Announcement • May 13
Buxly Paints Limited Announces Executive Changes Buxly Paints Limited informed Pakistan Stock Exchange that Mr. Bashir Ahmed has been appointed as Chairman of the company with effect from May 11, 2022 in place of Mr. Shamshad Ali. 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 an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Rubina Rizvi was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
First quarter 2022 earnings released: PK₨1.17 loss per share (vs PK₨1.12 profit in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: PK₨93.8m (up 32% from 1Q 2021). Net loss: PK₨1.69m (down 205% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨145, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 6x in the Chemicals industry in Pakistan. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨84.80, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 8x in the Chemicals industry in Pakistan. Total returns to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨67.60, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 8x in the Chemicals industry in Pakistan. Total loss to shareholders of 9.8% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨53.50, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 8x in the Chemicals industry in Pakistan. Total loss to shareholders of 36% over the past three years. Reported Earnings • Apr 27
Third quarter 2021 earnings released: EPS PK₨1.35 (vs PK₨0.23 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨101.1m (up 64% from 3Q 2020). Net income: PK₨1.95m (up PK₨2.28m from 3Q 2020). Profit margin: 1.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Second quarter 2021 earnings released: PK₨0.79 loss per share (vs PK₨0.02 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: PK₨84.4m (down 1.1% from 2Q 2020). Net loss: PK₨1.14m (down PK₨1.16m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 28
New 90-day high: PK₨64.41 The company is up 60% from its price of PK₨40.20 on 28 August 2020. The Pakistani market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period.