Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨198, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 471% over the past year. New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (29% accrual ratio). Revenue is less than US$1m (PK₨150m revenue, or US$539k). Market cap is less than US$10m (PK₨570.8m market cap, or US$2.05m). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to PK₨205, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 358% over the past year. Tillkännagivande • Apr 24
D.M. Corporation Limited to Report Q3, 2026 Results on Apr 30, 2026 D.M. Corporation Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to PK₨139, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 163% over the past year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨128, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨180, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 286% over the past three years. Tillkännagivande • Feb 20
D.M. Corporation Limited to Report First Half, 2026 Results on Feb 27, 2026 D.M. Corporation Limited announced that they will report first half, 2026 results on Feb 27, 2026 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨245, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Luxury industry in Pakistan. Total returns to shareholders of 247% over the past year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨320, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total returns to shareholders of 428% over the past year. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨230, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨227, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨228, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 12x in the Luxury industry in Pakistan. Total returns to shareholders of 349% over the past year. Tillkännagivande • Oct 24
D.M. Corporation Limited to Report Q1, 2026 Results on Oct 29, 2025 D.M. Corporation Limited announced that they will report Q1, 2026 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to PK₨262, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 13x in the Luxury industry in Pakistan. Total returns to shareholders of 416% over the past year. New Risk • Oct 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 125% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue is less than US$1m (PK₨32m revenue, or US$115k). Market cap is less than US$10m (PK₨723.1m market cap, or US$2.57m). Minor Risk Large one-off items impacting financial results. Tillkännagivande • Oct 06
D.M. Corporation Limited, Annual General Meeting, Oct 28, 2025 D.M. Corporation Limited, Annual General Meeting, Oct 28, 2025. Location: blue lagoon, masood akhtar kiyani road, rawalpindi, Pakistan Board Change • Jun 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2022. 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 • Apr 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨47.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Board Change • Apr 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Muhammad Khan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to PK₨64.13, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Board Change • Jan 02
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 Muhammad Khan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 05
D.M. Textile Mills Limited, Annual General Meeting, Oct 28, 2024 D.M. Textile Mills Limited, Annual General Meeting, Oct 28, 2024. Location: at registered office of the company westridge, rawalpindi Pakistan Board Change • Sep 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Hameed-ul-Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Hameed-ul-Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Hameed-ul-Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Hameed-ul-Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Hameed-ul-Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Syed Haq was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
