Reported Earnings • May 01
Third quarter 2026 earnings released: EPS: PK₨7.72 (vs PK₨11.17 in 3Q 2025) Third quarter 2026 results: EPS: PK₨7.72 (down from PK₨11.17 in 3Q 2025). Revenue: PK₨8.89b (up 8.2% from 3Q 2025). Net income: PK₨23.5m (down 31% from 3Q 2025). Profit margin: 0.3% (down from 0.4% in 3Q 2025). The decrease in margin was driven by higher expenses. 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. Duyuru • Apr 20
Bhanero Textile Mills Limited to Report Q3, 2026 Results on Apr 29, 2026 Bhanero Textile Mills Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨745, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total loss to shareholders of 16% over the past three years. New Risk • Mar 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.76b (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 40% per year over the past 5 years. Market cap is less than US$10m (PK₨2.76b market cap, or US$9.87m). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: PK₨4.41 (vs PK₨9.57 in 2Q 2025) Second quarter 2026 results: EPS: PK₨4.41 (down from PK₨9.57 in 2Q 2025). Revenue: PK₨7.70b (down 7.6% from 2Q 2025). Net income: PK₨13.4m (down 53% from 2Q 2025). Profit margin: 0.2% (down from 0.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Duyuru • Feb 18
Bhanero Textile Mills Limited to Report Q2, 2026 Results on Feb 26, 2026 Bhanero Textile Mills Limited announced that they will report Q2, 2026 results at 9:30 AM, Pakistan Standard Time on Feb 26, 2026 Reported Earnings • Oct 31
First quarter 2026 earnings released: EPS: PK₨9.08 (vs PK₨8.07 in 1Q 2025) First quarter 2026 results: EPS: PK₨9.08 (up from PK₨8.07 in 1Q 2025). Revenue: PK₨8.26b (down 4.8% from 1Q 2025). Net income: PK₨27.6m (up 12% from 1Q 2025). Profit margin: 0.3% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 02
Full year 2025 earnings released: EPS: PK₨37.56 (vs PK₨43.36 loss in FY 2024) Full year 2025 results: EPS: PK₨37.56 (up from PK₨43.36 loss in FY 2024). Revenue: PK₨32.9b (flat on FY 2024). Net income: PK₨114.2m (up PK₨246.0m from FY 2024). Profit margin: 0.3% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Duyuru • Oct 02
Bhanero Textile Mills Limited, Annual General Meeting, Oct 27, 2025 Bhanero Textile Mills Limited, Annual General Meeting, Oct 27, 2025. New Risk • Sep 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.80b (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (PK₨2.80b market cap, or US$9.94m). New Risk • Aug 13
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 9.8% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (PK₨2.70b market cap, or US$9.55m). New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 6.8% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 6.8% per year over the past 5 years. Market cap is less than US$10m (PK₨2.43b market cap, or US$8.69m). Board Change • Feb 17
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.74b (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (PK₨2.74b market cap, or US$9.85m). Reported Earnings • Oct 09
Full year 2024 earnings released: PK₨43.36 loss per share (vs PK₨527 profit in FY 2023) Full year 2024 results: PK₨43.36 loss per share (down from PK₨527 profit in FY 2023). Revenue: PK₨33.1b (up 78% from FY 2023). Net loss: PK₨131.8m (down 108% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 43% 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. Duyuru • Oct 02
Bhanero Textile Mills Limited, Annual General Meeting, Oct 28, 2024 Bhanero Textile Mills Limited, Annual General Meeting, Oct 28, 2024. New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Interest payments are not well covered by earnings (2.6x net interest cover). Shares are highly illiquid. High level of non-cash earnings (50% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (PK₨3.26b market cap, or US$11.7m). Board Change • Apr 22
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 • Feb 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 an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 • Jan 30
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 • Jan 12
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 10
Full year 2023 earnings released: EPS: PK₨468 (vs PK₨919 in FY 2022) Full year 2023 results: EPS: PK₨468 (down from PK₨919 in FY 2022). Revenue: PK₨18.5b (up 7.5% from FY 2022). Net income: PK₨1.40b (down 49% from FY 2022). Profit margin: 7.6% (down from 16% 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 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Aug 18
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.84b (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (52% accrual ratio). Market cap is less than US$10m (PK₨2.84b market cap, or US$9.94m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.3% net profit margin). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨1,156, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 74% over the past three years. Board Change • May 03
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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 • Mar 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. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Tauqeer Sheikh was the last independent director to join the board, commencing their role in 2023. 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 03
Second quarter 2023 earnings released: EPS: PK₨101 (vs PK₨271 in 2Q 2022) Second quarter 2023 results: EPS: PK₨101 (down from PK₨271 in 2Q 2022). Revenue: PK₨3.93b (down 6.2% from 2Q 2022). Net income: PK₨302.6m (down 63% from 2Q 2022). Profit margin: 7.7% (down from 20% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 11
Upcoming dividend of PK₨71.50 per share Eligible shareholders must have bought the stock before 18 October 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 7.8% but the company is not cash flow positive. Trailing yield: 6.4%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (4.7%). Reported Earnings • Oct 09
Full year 2022 earnings released: EPS: PK₨919 (vs PK₨617 in FY 2021) Full year 2022 results: EPS: PK₨919 (up from PK₨617 in FY 2021). Revenue: PK₨17.3b (up 42% from FY 2021). Net income: PK₨2.76b (up 49% from FY 2021). Profit margin: 16% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Aug 31
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Aug 12
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Jun 09
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Apr 27
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Feb 04
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Dec 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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 24
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 29
First quarter 2022 earnings released: EPS PK₨207 (vs PK₨34.30 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨3.54b (up 15% from 1Q 2021). Net income: PK₨620.3m (up PK₨517.4m from 1Q 2021). Profit margin: 18% (up from 3.3% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨71.50 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 17 November 2021. Trailing yield: 6.3%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (3.6%). Reported Earnings • Sep 28
Full year 2021 earnings released: EPS PK₨617 (vs PK₨110 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨12.2b (up 36% from FY 2020). Net income: PK₨1.85b (up 462% from FY 2020). Profit margin: 15% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Sep 08
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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Hamza Shakeel was the last director to join the board, commencing their role in 2017. 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 • Apr 29
Third quarter 2021 earnings released: EPS PK₨145 (vs PK₨9.55 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨2.91b (up 16% from 3Q 2020). Net income: PK₨435.1m (up PK₨406.4m from 3Q 2020). Profit margin: 15% (up from 1.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 02
Second quarter 2021 earnings released: EPS PK₨125 (vs PK₨59.38 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨2.81b (up 11% from 2Q 2020). Net income: PK₨374.5m (up 110% from 2Q 2020). Profit margin: 13% (up from 7.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Reported Earnings • Oct 30
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨355.3m, down 55% from the prior year. Total revenue was PK₨9.79b over the last 12 months, up 2.7% from the prior year. Reported Earnings • Oct 07
Full year earnings released - EPS PK₨110 Over the last 12 months the company has reported total profits of PK₨329.4m, down 60% from the prior year. Total revenue was PK₨8.92b over the last 12 months, down 4.6% from the prior year. Profit margins were 3.7%, which is lower than the 8.9% margin from last year. The decrease in margin was primarily driven by lower revenue. Duyuru • Oct 05
Bhanero Textile Mills Limited Declares No Annual Dividend for the Current Year Ended June 30, 2020 Bhanero Textile Mills Limited announced that as the pandemic situation is not over yet and in the best interest of the company the board of directors have agreed that declaring dividends shall be refrained for the current year. In this context on recommended by the audit committee, the board of directors have decided that no annual dividend shall be declared for the current year ended June 30, 2020. Reported Earnings • Oct 01
Full year earnings released - EPS PK₨110 Over the last 12 months the company has reported total profits of PK₨329.4m, down 60% from the prior year. Total revenue was PK₨8.92b over the last 12 months, down 4.6% from the prior year. Profit margins were 3.7%, which is lower than the 8.9% margin from last year. The decrease in margin was primarily driven by lower revenue.