Dashboard
1
Poor Management Efficiency with a low ROCE of 2.57%
- The company has been able to generate a Return on Capital Employed (avg) of 2.57% signifying low profitability per unit of total capital (equity and debt)
2
High Debt Company with a Debt to Equity ratio (avg) at 0 times
3
Poor long term growth as Net Sales has grown by an annual rate of -14.77% and Operating profit at -22.65% over the last 5 years
4
Flat results in Mar 25
5
With ROE of 12.2, it has a attractive valuation with a 0.2 Price to Book Value
Stock DNA
Electronics & Appliances
PKR 3,746 Million (Small Cap)
3.00
NA
0.00%
0.70
14.52%
0.37
Revenue and Profits:
Net Sales:
1,189 Million
(Quarterly Results - Mar 2025)
Net Profit:
136 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-6.25%
0%
-6.25%
6 Months
-14.09%
0%
-14.09%
1 Year
-2.34%
0%
-2.34%
2 Years
12.78%
0%
12.78%
3 Years
-27.47%
0%
-27.47%
4 Years
-64.45%
0%
-64.45%
5 Years
-48.3%
0%
-48.3%
Waves Corp. Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-13.00%
EBIT Growth (5y)
-18.48%
EBIT to Interest (avg)
0.77
Debt to EBITDA (avg)
8.46
Net Debt to Equity (avg)
0.70
Sales to Capital Employed (avg)
0.29
Tax Ratio
2.21%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
2.57%
ROE (avg)
4.91%
Valuation key factors
Factor
Value
P/E Ratio
3
Industry P/E
Price to Book Value
0.34
EV to EBIT
41.93
EV to EBITDA
18.52
EV to Capital Employed
0.61
EV to Sales
2.40
PEG Ratio
0.01
Dividend Yield
NA
ROCE (Latest)
1.46%
ROE (Latest)
13.34%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - QoQ
Mar'25
Dec'24
Change(%)
Net Sales
1,189.20
851.80
39.61%
Operating Profit (PBDIT) excl Other Income
197.50
106.10
86.15%
Interest
104.80
573.60
-81.73%
Exceptional Items
0.00
0.00
Consolidate Net Profit
135.70
805.50
-83.15%
Operating Profit Margin (Excl OI)
75.20%
3.60%
7.16%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2025 is 39.61% vs 16.16% in Dec 2024
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2025 is -83.15% vs 673.03% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
3,944.80
5,206.30
-24.23%
Operating Profit (PBDIT) excl Other Income
431.40
602.80
-28.43%
Interest
699.10
264.40
164.41%
Exceptional Items
467.10
1.50
31,040.00%
Consolidate Net Profit
1,087.40
256.80
323.44%
Operating Profit Margin (Excl OI)
27.30%
46.10%
-1.88%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is -24.23% vs -47.62% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 323.44% vs -29.86% in Dec 2023
About Waves Corp. Ltd. 
Waves Corp. Ltd.
Electronics & Appliances
Waves Singer Pakistan Ltd, formerly Singer Pakistan Limited, is a retailer of home appliances. The Company is engaged in retailing and trading of domestic consumer appliances and other light engineering products, besides manufacturing and assembling of the same. The Company offers products in various categories, including audio and video products, including television, liquid-crystal-display and audio; Gas appliances, including Singer cooking range and Singer water heater; washing machines, which include Singer washing machines; motorcycle; sewing and knitting, including Singer sewing machines, industrial products and knitting machines; generators; microwave ovens, including Singer microwave ovens; digital products; furniture; small appliances, including Singer food processor, Gaba National food processor, Singer electric kettle and Singer electric iron, and water purifier. It operates over 750 stores and offers loyalty program for hire purchase and cash customers.
Company Coordinates 
Company Details
Waves Factory Office 9 KM, Multan Road, Hanjarwal KARACHI None : 74900
Registrar Details






