Announcement • Apr 17
ARM Green Industries Limited to Report Q3, 2026 Results on Apr 24, 2026 ARM Green Industries Limited announced that they will report Q3, 2026 results on Apr 24, 2026 Reported Earnings • Mar 04
Second quarter 2026 earnings released: EPS: PK₨0.30 (vs PK₨0.36 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.30 (down from PK₨0.36 in 2Q 2025). Revenue: PK₨6.28m (down 29% from 2Q 2025). Net income: PK₨3.25m (down 15% from 2Q 2025). Profit margin: 52% (up from 43% in 2Q 2025). The increase in margin was driven by lower expenses. Announcement • Feb 18
CALCORP Limited to Report First Half, 2026 Results on Feb 25, 2026 CALCORP Limited announced that they will report first half, 2026 results on Feb 25, 2026 Reported Earnings • Oct 09
Full year 2025 earnings released: EPS: PK₨0.97 (vs PK₨1.27 in FY 2024) Full year 2025 results: EPS: PK₨0.97 (down from PK₨1.27 in FY 2024). Revenue: PK₨25.9m (down 36% from FY 2024). Net income: PK₨10.5m (down 23% from FY 2024). Profit margin: 41% (up from 34% in FY 2024). The increase in margin was driven by lower expenses. Announcement • Oct 07
CALCORP Limited, Annual General Meeting, Oct 28, 2025 CALCORP Limited, Annual General Meeting, Oct 28, 2025. Location: at the auditorium of pakistan stock exchange ltd, karachi Pakistan Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨48.99, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨45.16, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 106% over the past year. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨40.61, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨56.88, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 228% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨45.01, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 14x in the Transportation industry in Asia. Total returns to shareholders of 110% over the past three years. New Risk • May 10
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: 41% Last year net profit margin: 82% 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (PK₨34m revenue, or US$122k). Market cap is less than US$10m (PK₨403.1m market cap, or US$1.43m). Minor Risk Profit margins are more than 30% lower than last year (41% net profit margin). Reported Earnings • May 04
Third quarter 2025 earnings released: EPS: PK₨0.15 (vs PK₨0.28 loss in 3Q 2024) Third quarter 2025 results: EPS: PK₨0.15 (up from PK₨0.28 loss in 3Q 2024). Revenue: PK₨5.62m (up 7.0% from 3Q 2024). Net income: PK₨1.66m (up PK₨4.67m from 3Q 2024). Profit margin: 30% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨37.24, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 74% over the past three years. Announcement • Mar 25
CALCORP Limited Announces Appointment of Mashal Nida Zaman as Director CALCORP Limited announced a change in its board of directors. On March 21, 2025, Ms. Mashal Nida Zaman was appointed as a director, replacing Mr. Muhammad Danish Hussain. This change marks a pivotal moment for the company's governance structure. Ms. Mashal Nida Zaman, with her experience and expertise, is anticipated to contribute to the company's objectives and strategic goals. Her appointment reflects the company's commitment to fostering leadership that can navigate the complexities of the industrial manufacturing sector. Reported Earnings • Mar 05
Second quarter 2025 earnings released: EPS: PK₨0.36 (vs PK₨0.45 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.36 (down from PK₨0.45 in 2Q 2024). Revenue: PK₨8.82m (up 67% from 2Q 2024). Net income: PK₨3.82m (down 21% from 2Q 2024). Profit margin: 43% (down from 92% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to PK₨28.12, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 13x in the Transportation industry in Asia. Announcement • Jan 22
Calcorp Limited Announces Resignation of Muhammad Danish Hussain as Director Muhammad Danish Hussain has announced his resignation from the position of Director at Calcorp Limited, pending approval from the company's Board of Directors. In a formal statement, Hussain expressed his intent to step down from his role, requesting the Board to accept his resignation. This decision marks a significant change in the leadership structure of Calcorp Limited. On October 2023, Hussain submitted his resignation letter, which is subject to the Board's approval. The resignation is expected to prompt discussions within the boardroom as Calcorp Limited navigates this transition period. The company, which operates within the designated market category, is yet to announce a successor or any interim arrangements for Hussain's responsibilities. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨25.41, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 14x in the Transportation industry in Asia. Total returns to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨22.05, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨29.35, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 40% over the past year. Reported Earnings • Oct 10
Full year 2024 earnings released: EPS: PK₨1.27 (vs PK₨1.86 in FY 2023) Full year 2024 results: EPS: PK₨1.27 (down from PK₨1.86 in FY 2023). Revenue: PK₨42.0m (up 87% from FY 2023). Net income: PK₨13.6m (down 32% from FY 2023). Profit margin: 32% (down from 89% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Oct 09
CALCORP Limited, Annual General Meeting, Oct 28, 2024 CALCORP Limited, Annual General Meeting, Oct 28, 2024. Location: at the c-18,block 4, clifton, karachi Pakistan Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to PK₨20.99, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 10% over the past three years. Announcement • Jul 31
CALCORP Limited Announces Director Changes CALCORP Limited has announced the appointment of Mr. Abdul Wajid Soharwardi and Mr. Zia Ullah Bhatti as directors, effective July 25, 2024. They replace Ms. Sadia Hamid and Mr. Yousuf Muhammad Farooq. The appointments come as part of the company's governance structure adjustments. Mr. Soharwardi and Mr. Bhatti will join the board following the departure of their predecessors, ensuring a seamless transition in leadership. The company communicated these changes in a notice to the TRE Certificate Holders of the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), the appointments are part of routine corporate governance practices aimed at maintaining a dynamic and effective board. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨19.20, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨13.57, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 15x in the Transportation industry in Asia. Total loss to shareholders of 12% over the past three years. New Risk • May 01
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: 45% Last year net profit margin: 151% 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: Major Risks Shares are highly illiquid. Earnings have declined by 3.6% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Revenue is less than US$1m (PK₨45m revenue, or US$162k). Market cap is less than US$10m (PK₨217.0m market cap, or US$779.8k). Minor Risk Profit margins are more than 30% lower than last year (45% net profit margin). Reported Earnings • May 01
Third quarter 2024 earnings released: PK₨0.28 loss per share (vs PK₨0.37 profit in 3Q 2023) Third quarter 2024 results: PK₨0.28 loss per share (down from PK₨0.37 profit in 3Q 2023). Revenue: PK₨10.4m (up 394% from 3Q 2023). Net loss: PK₨3.01m (down 176% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Apr 15
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 Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨17.68, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to PK₨15.50, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 14x in the Transportation industry in Asia. Total returns to shareholders of 83% over the past three years. Reported Earnings • Mar 04
Second quarter 2024 earnings released: EPS: PK₨0.45 (vs PK₨0.13 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.45 (up from PK₨0.13 loss in 2Q 2023). Revenue: PK₨12.5m (up 483% from 2Q 2023). Net income: PK₨4.86m (up PK₨6.31m from 2Q 2023). Profit margin: 39% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨18.14, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 82% over the past three years. Announcement • Feb 21
Asif Ali Shaikh agreed to acquire 83.96% stake in CALCORP Limited (KASE:CASH) from Optimus Pvt. Limited. Asif Ali Shaikh agreed to acquire 83.96% stake in CALCORP Limited (KASE:CASH) from Optimus Pvt. Limited on February 20, 2024. Board Change • Feb 14
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 Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
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. 4 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 26
CALCORP Limited Announces Board Changes CALCORP Limited has announced a significant change in its board of directors. The company informed the Exchange that Mr. Haider Ali Hilaly has been appointed as a director, effective from December 20, 2023. He replaces Mr. Azam Adnan Khan in this role. Reported Earnings • Dec 03
First quarter 2024 earnings released: EPS: PK₨0.65 (vs PK₨0.54 in 1Q 2023) First quarter 2024 results: EPS: PK₨0.65 (up from PK₨0.54 in 1Q 2023). Net income: PK₨6.95m (up 20% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 24
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. 4 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 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 Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 21
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 Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 07
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 Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Dec 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Nov 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 29
CALCORP Limited, Annual General Meeting, Oct 22, 2022 CALCORP Limited, Annual General Meeting, Oct 22, 2022, at 10:00 Pakistan Standard Time. Location: c-18, block 4, clifton Karachi Pakistan Agenda: To confirm the minutes of the 29th AGM held on October 25, 2021; to consider the audited financial statement together with the director's report and auditor's report and chairman report of the company for the year ended June 30, 2022; to appoint the external auditors for the next financial year ending June 30, 2023; and to consider other matter. Board Change • May 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Apr 11
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Mar 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Feb 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
First quarter 2022 earnings released: PK₨1.04 loss per share (vs PK₨0.49 profit in 1Q 2021) First quarter 2022 results: Net loss: PK₨11.1m (down 313% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Board Change • Oct 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Non-Executive Director Sana Shahzad is the most experienced director on the board, commencing their role in 2019. Independent Director Yousuf Farooq was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Executive Departure • Jul 13
Chairman of the Board Muhammad Hussain has left the company On the 30th of June, Muhammad Hussain's tenure as Chairman of the Board ended after less than a year in the role. We don't have any record of a personal shareholding under Muhammad's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 13
Chief Executive Officer Irfan Ahmad has left the company On the 30th of June, Irfan Ahmad was replaced as CEO by Haider Hilaly after 3.2 years in the role. We don't have any record of a personal shareholding under Irfan's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Irfan's leadership, the company delivered a total shareholder return of 74%. Executive Departure • Jul 13
CFO & Company Secretary Shomaila Siddiqui has left the company On the 30th of June, Shomaila Siddiqui's tenure as CFO & Company Secretary ended after 3.3 years in the role. We don't have any record of a personal shareholding under Shomaila's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 13
Independent Director Yasub Dogar has left the company On the 5th of July, Yasub Dogar's tenure as Independent Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under Yasub's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨18.81, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Consumer Finance industry in Pakistan. Total returns to shareholders of 97% over the past three years. Executive Departure • Jun 16
Independent Director Tahir Sohail has left the company On the 10th of June, Tahir Sohail's tenure as Independent Director ended. As of March 2021, Tahir still personally held only 500.00 shares (PK₨3.4k worth at the time). Tahir is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 27% share price gain to PK₨15.80, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 8x in the Consumer Finance industry in Pakistan. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 33% share price gain to PK₨8.05, the stock is trading at a trailing P/E ratio of 9.3x, up from the previous P/E ratio of 7x. This compares to an average P/E of 8x in the Consumer Finance industry in Pakistan. Total returns to shareholders over the past three years are 8.8%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨7.05, the stock is trading at a trailing P/E ratio of 8.1x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 7x in the Consumer Finance industry in Pakistan. Total return to shareholders over the past three years is a loss of 6.0%. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 18% share price gain to PK₨6.58, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 6x in the Consumer Finance industry in Pakistan. Total return to shareholders over the past three years is a loss of 34%. Valuation Update With 7 Day Price Move • Nov 28
Market bids up stock over the past week After last week's 22% share price gain to PK₨5.58, the stock is trading at a trailing P/E ratio of 6.4x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 6x in the Consumer Finance industry in Pakistan. Total return to shareholders over the past three years is a loss of 44%. Valuation Update With 7 Day Price Move • Nov 13
Market pulls back on stock over the past week After last week's 17% share price decline to PK₨4.58, the stock is trading at a trailing P/E ratio of 5.7x, down from the previous P/E ratio of 6.8x. This compares to an average P/E of 6x in the Consumer Finance industry in Pakistan. Total return to shareholders over the past three years is a loss of 58%. 