Reported Earnings • May 05
Third quarter 2026 earnings released: PK₨1.03 loss per share (vs PK₨3.32 loss in 3Q 2025) Third quarter 2026 results: PK₨1.03 loss per share (improved from PK₨3.32 loss in 3Q 2025). Revenue: PK₨5.89b (up 43% from 3Q 2025). Net loss: PK₨305.3m (loss narrowed 69% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% 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 • Apr 21
Amreli Steels Limited to Report Q3, 2026 Results on Apr 28, 2026 Amreli Steels Limited announced that they will report Q3, 2026 results on Apr 28, 2026 New Risk • Mar 03
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: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (PK₨5.44b market cap, or US$19.4m). Reported Earnings • Mar 01
Second quarter 2026 earnings released: EPS: PK₨6.61 (vs PK₨2.97 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨6.61 (up from PK₨2.97 loss in 2Q 2025). Revenue: PK₨4.36b (down 4.7% from 2Q 2025). Net income: PK₨1.96b (up PK₨2.85b from 2Q 2025). Profit margin: 45% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Feb 18
Amreli Steels Limited to Report First Half, 2026 Results on Feb 25, 2026 Amreli Steels Limited announced that they will report first half, 2026 results on Feb 25, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: PK₨2.66 loss per share (improved from PK₨3.34 loss in 1Q 2025). Revenue: PK₨2.79b (down 34% from 1Q 2025). Net loss: PK₨790.4m (loss narrowed 20% from 1Q 2025). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Duyuru • Oct 24
Amreli Steels Limited to Report Q1, 2026 Results on Oct 29, 2025 Amreli Steels Limited announced that they will report Q1, 2026 results on Oct 29, 2025 New Risk • Oct 14
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 6.8% 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 Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (PK₨6.73b market cap, or US$23.9m). Reported Earnings • Sep 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: PK₨12.83 loss per share (improved from PK₨20.56 loss in FY 2024). Revenue: PK₨16.1b (down 59% from FY 2024). Net loss: PK₨3.81b (loss narrowed 38% from FY 2024). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Duyuru • Sep 19
Amreli Steels Limited to Report Fiscal Year 2025 Results on Sep 24, 2025 Amreli Steels Limited announced that they will report fiscal year 2025 results at 12:30 PM, Pakistan Standard Time on Sep 24, 2025 New Risk • May 19
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 8.2% 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: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (PK₨7.56b market cap, or US$26.8m). Reported Earnings • May 11
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: PK₨3.32 loss per share (further deteriorated from PK₨2.24 loss in 3Q 2024). Revenue: PK₨4.11b (down 63% from 3Q 2024). Net loss: PK₨985.5m (loss widened 48% from 3Q 2024). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. New Risk • Apr 10
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 6.6% 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 Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (PK₨6.86b market cap, or US$24.4m). Reported Earnings • Mar 04
Second quarter 2025 earnings released: PK₨2.97 loss per share (vs PK₨1.55 loss in 2Q 2024) Second quarter 2025 results: PK₨2.97 loss per share (further deteriorated from PK₨1.55 loss in 2Q 2024). Revenue: PK₨4.57b (down 60% from 2Q 2024). Net loss: PK₨881.4m (loss widened 91% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Board Change • Nov 05
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 Asghar Rizvi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: PK₨3.34 loss per share (further deteriorated from PK₨0.58 loss in 1Q 2024). Revenue: PK₨4.23b (down 61% from 1Q 2024). Net loss: PK₨991.7m (loss widened 474% from 1Q 2024). Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 49%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: PK₨20.56 loss per share (further deteriorated from PK₨2.28 loss in FY 2023). Revenue: PK₨38.8b (down 15% from FY 2023). Net loss: PK₨6.11b (loss widened PK₨5.43b from FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Duyuru • Sep 24
Amreli Steels Limited, Annual General Meeting, Oct 26, 2024 Amreli Steels Limited, Annual General Meeting, Oct 26, 2024. Location: karachi Pakistan Duyuru • Jul 31
Amreli Steels Limited Announces New Board Members Amreli Steels Limited has declared the election of seven new directors at its Extraordinary General Meeting held on 30 July 2024. The newly elected board members will serve for a term of three years commencing from 30 July 2024. The elected directors include two independent directors: Syed Asghar Jamil Rizvi and Mr. Sohail Feroz Shamsi. They are joined by Mr. Abbas Akberali, Mr. Shayan Akberali, Mr. Hadi Abbas Akberali, and Mr. Zoeb Salemwala, who will serve as other directors. Additionally, Ms. Mariam Akberali has been appointed as the female director, enhancing the board's diversity. Reported Earnings • May 04
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: PK₨2.24 loss per share (down from PK₨1.60 profit in 3Q 2023). Revenue: PK₨11.2b (down 4.2% from 3Q 2023). Net loss: PK₨665.8m (down 240% from profit in 3Q 2023). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Second quarter 2024 earnings released: PK₨1.55 loss per share (vs PK₨1.31 loss in 2Q 2023) Second quarter 2024 results: PK₨1.55 loss per share (further deteriorated from PK₨1.31 loss in 2Q 2023). Revenue: PK₨11.4b (down 14% from 2Q 2023). Net loss: PK₨461.6m (loss widened 19% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings have declined by 4.6% 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 (0.9x net interest cover). Earnings have declined by 4.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨7.81b market cap, or US$27.4m). Reported Earnings • Oct 29
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: PK₨0.58 loss per share (down from PK₨0.69 profit in 1Q 2023). Revenue: PK₨10.9b (up 11% from 1Q 2023). Net loss: PK₨172.8m (down 185% from profit in 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 36%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • Sep 10
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: PK₨2.28 loss per share (down from PK₨4.46 profit in FY 2022). Revenue: PK₨45.5b (down 22% from FY 2022). Net loss: PK₨678.4m (down 151% from profit in FY 2022). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 28
Price target decreased by 7.7% to PK₨24.14 Down from PK₨26.17, the current price target is an average from 7 analysts. New target price is 16% above last closing price of PK₨20.77. Stock is down 29% over the past year. The company is forecast to post earnings per share of PK₨0.12 for next year compared to PK₨4.46 last year. Reported Earnings • May 03
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: PK₨1.60 (down from PK₨1.79 in 3Q 2022). Revenue: PK₨11.7b (down 27% from 3Q 2022). Net income: PK₨475.7m (down 10% from 3Q 2022). Profit margin: 4.1% (up from 3.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 5.9%. 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Second quarter 2023 earnings released: PK₨1.31 loss per share (vs PK₨2.03 profit in 2Q 2022) Second quarter 2023 results: PK₨1.31 loss per share (down from PK₨2.03 profit in 2Q 2022). Revenue: PK₨13.2b (down 11% from 2Q 2022). Net loss: PK₨388.8m (down 165% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Teizoon Kisat was the last independent director to join the board, commencing their role in 2016. 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 • Nov 02
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: PK₨0.69 (down from PK₨2.36 in 1Q 2022). Revenue: PK₨9.82b (down 17% from 1Q 2022). Net income: PK₨204.1m (down 71% from 1Q 2022). Profit margin: 2.1% (down from 5.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 30%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 19
Price target decreased to PK₨52.63 Down from PK₨57.25, the current price target is an average from 5 analysts. New target price is 86% above last closing price of PK₨28.22. Stock is down 39% over the past year. The company is forecast to post earnings per share of PK₨8.17 for next year compared to PK₨4.61 last year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨27.72, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Metals and Mining industry in Asia. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨46.11 per share. Price Target Changed • Jun 11
Price target decreased to PK₨57.48 Down from PK₨62.11, the current price target is an average from 4 analysts. New target price is 147% above last closing price of PK₨23.24. Stock is down 49% over the past year. The company is forecast to post earnings per share of PK₨8.33 for next year compared to PK₨4.61 last year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨22.69, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Metals and Mining industry in Asia. Total loss to shareholders of 2.2% over the past three years. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Teizoon Kisat was the last independent director to join the board, commencing their role in 2016. 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 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨31.08, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Metals and Mining industry in Asia. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at PK₨54.58 per share. Price Target Changed • Jan 13
Price target increased to PK₨65.66 Up from PK₨58.33, the current price target is an average from 2 analysts. New target price is 46% above last closing price of PK₨45.00. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of PK₨9.96 for next year compared to PK₨4.61 last year. Price Target Changed • Nov 17
Price target increased to PK₨61.51 Up from PK₨55.94, the current price target is an average from 2 analysts. New target price is 33% above last closing price of PK₨46.35. Stock is up 13% over the past year. The company is forecast to post earnings per share of PK₨9.27 for next year compared to PK₨4.61 last year. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 26% share price gain to PK₨46.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Metals and Mining industry in Asia. Total loss to shareholders of 28% over the past three years. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS PK₨4.61 (vs PK₨4.18 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨39.2b (up 48% from FY 2020). Net income: PK₨1.37b (up PK₨2.61b from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Full year 2021 earnings released: EPS PK₨4.61 (vs PK₨3.79 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨39.2b (up 48% from FY 2020). Net income: PK₨1.37b (up PK₨2.49b from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 21
Third quarter 2021 earnings released: EPS PK₨1.69 (vs PK₨1.26 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₨9.78b (up 26% from 3Q 2020). Net income: PK₨502.7m (up PK₨877.3m from 3Q 2020). Profit margin: 5.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 08
New 90-day low: PK₨43.26 The company is down 7.0% from its price of PK₨46.29 on 08 December 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨30.11 per share. Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS PK₨1.05 (vs PK₨0.78 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨9.54b (up 26% from 2Q 2020). Net income: PK₨312.4m (up PK₨544.8m from 2Q 2020). Profit margin: 3.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 13%, compared to a 41% growth forecast for the Metals and Mining industry in Pakistan. Is New 90 Day High Low • Feb 02
New 90-day high: PK₨51.81 The company is up 21% from its price of PK₨42.94 on 04 November 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨36.20 per share. Is New 90 Day High Low • Jan 13
New 90-day high: PK₨48.85 The company is up 22% from its price of PK₨39.94 on 15 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨34.12 per share. Price Target Changed • Jan 04
Price target raised to PK₨51.79 Up from PK₨47.94, the current price target is an average from 4 analysts. The new target price is 10% above the current share price of PK₨46.88. As of last close, the stock is up 26% over the past year. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 573%. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the Metals and Mining industry in Pakistan. Reported Earnings • Nov 04
First quarter 2021 earnings released: EPS PK₨0.37 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨7.91b (up 30% from 1Q 2020). Net income: PK₨110.6m (up PK₨191.7m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 02
New 90-day low: PK₨38.25 The company is down 12% from its price of PK₨43.25 on 04 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is PK₨18.88 per share. Reported Earnings • Oct 07
Full year earnings released - PK₨3.79 loss per share Over the last 12 months the company has reported total losses of PK₨1.13b, with earnings decreasing by PK₨1.15b from the prior year. Total revenue was PK₨26.5b over the last 12 months, down 7.2% from the prior year.