Comparison
Why is Image Pakistan Ltd. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 10.08
2
Healthy long term growth as Net Sales has grown by an annual rate of 41.29% and Operating profit at 54.61%
3
Positive results in Mar 25
- NET PROFIT(HY) Higher at PKR 492.23 MM
- DIVIDEND PAYOUT RATIO(Y) Highest at 109.99%
- RAW MATERIAL COST(Y) Fallen by -6.74% (YoY)
4
With ROE of 15.1, it has a attractive valuation with a 1.1 Price to Book Value
- Over the past year, while the stock has generated a return of 0%, its profits have risen by 82.8% ; the PEG ratio of the company is 1.7
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Garments & Apparels)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Image Pakistan Ltd. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Image Pakistan Ltd.
-100.0%
1.46
51.90%
Pakistan KSE 100 Share
60.28%
2.81
22.77%
Quality key factors
Factor
Value
Sales Growth (5y)
41.71%
EBIT Growth (5y)
51.48%
EBIT to Interest (avg)
10.08
Debt to EBITDA (avg)
0.20
Net Debt to Equity (avg)
0.01
Sales to Capital Employed (avg)
333.37
Tax Ratio
25.04%
Dividend Payout Ratio
60.65%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
18.86%
ROE (avg)
14.63%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
1.42
EV to EBIT
5.84
EV to EBITDA
4.33
EV to Capital Employed
1.36
EV to Sales
1.48
PEG Ratio
0.09
Dividend Yield
NA
ROCE (Latest)
23.19%
ROE (Latest)
17.76%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
8What is working for the Company
NET PROFIT(HY)
Higher at PKR 492.23 MM
DIVIDEND PAYOUT RATIO(Y)
Highest at 109.99%
RAW MATERIAL COST(Y)
Fallen by -6.74% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at 0.77 %
DIVIDEND PER SHARE(HY)
Highest at PKR 7.02
NET SALES(Q)
Highest at PKR 1,205.01 MM
-2What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at PKR -55.34 MM
Here's what is working for Image Pakistan Ltd.
Net Profit
Higher at PKR 492.23 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (PKR MM)
Net Sales
Highest at PKR 1,205.01 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (PKR MM)
Debt-Equity Ratio
Lowest at 0.77 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Dividend per share
Highest at PKR 7.02
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (PKR)
Dividend Payout Ratio
Highest at 109.99%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Raw Material Cost
Fallen by -6.74% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
At PKR 34.76 MM has Grown at 83.13%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (PKR MM)
Here's what is not working for Image Pakistan Ltd.
Operating Cash Flow
Lowest at PKR -55.34 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (PKR MM)






