Profitability Ratios 2021 2020

Sales Growth (Net) % 50.32% -12.81%

Sales Growth (Gross) % 41.82% -7.77%
Return on Capital Employed (ROCE) % 13.75% 3.74%
Net Profit Margin % 19.61% 6.41%
Net Asset Turnover Times 0.70 0.58
Gross Profit Margin % 21.45% 9.75%

Activity Ratios

Debtors' Ratio Days 230.94 296.25

Creditors' Ratio Days 23.92 29.39
Stock Days Days 25.77 29.73
Cash Conversion Cycle (CCC) Days 232.79 296.59
Fixed Asset Turnover Times 0.54 0.39
Sales/Net working capital Times 1.55 1.48

Liquidity Ratios

Current Ratio Times 1.34 0.98

Quick Ratio Times 1.24 0.88

Gearing Ratios

Capital Gearing Ratio % 89.86% 92.77%

Debt to Equity Ratio % 3.04% 0.45%
Interest Cover Times 52.04 22.66

Investor Ratios

Return on Equity ROE(%) 5.36 1.24

Dividend per Share DPS 0 0
Earning per share EPS 53.58 12.36
Dividend cover times 0 0
Price/Earning ratio (P/E ratio) times 16.12 37.35
Payout ratio % 0.00% 0.00%
Dividend Yield % 0.00% 0.00%
Earning yield % 6.20% 2.68%

Tangible Assets % 50.42% 57.04%

Financial Transactions % 49.58% 42.96%
 2019 2018 2017
1.01% 4.06% 0
0.25% 9.37% 0
12.04% 16.12% 21.59% Cost of sales 80.39% 93.59%
18.09% 22.44% 30.48% Operating Expenses 1.85% 3.34%
0.67 0.72 0.71
20.70% 25.16% 34.57%

196.54 148.46 88.26

36.76 33.51 15.29
45.61 33.37 37.55
205.39 148.32 110.52
0.52 0.72 0.90
1.44 1.11 0.99

1.42 2.82 4.48

1.24 2.64 4.24

92.91% 92.11% 91.71%

0.00% 0.00% 0.00%

3.78 4.68 5.81

8.00 17.00 10.00
37.79 46.75 58.07
0 0 0
10.07 10.86 14.40
24.66% 45.07% 23.62%
2.10% 3.35% 1.20%
9.93% 9.20% 6.94%

67.15% 72.41% 81.81%

32.85% 27.59% 18.19%
 2021 2020 2019
Capital Employed PKR 125,980,996 PKR 106,913,122 PKR 101,511,164
Long Term Debt Capital PKR 113,200,258 PKR 99,183,861 PKR 94,318,417
Long Term Debt PKR 3,440,952 PKR 447,188 PKR -
Total Dividend paid PKR - PKR - PKR 2,587,000
Number of issued ordinary shares 323,375,000 323,375,000 323,375,000
Share Cap and reserves PKR 113,200,258 PKR 99,183,861 PKR 94,318,417
Market Price per share PKR 863.44 PKR 461.58 380.47
Gross Sales PKR 88,357,695 PKR 62,302,086 PKR 67,547,938
 2018 2017
PKR 93,761,855 PKR 86,993,738
PKR 86,366,822 PKR 79,784,981
PKR - PKR -
PKR 5,497,000 PKR 3,234,000
323,375,000 323,375,000
PKR 86,366,822 PKR 79,784,981
507.93 836.26
PKR 67,376,579 PKR 61,601,934
 Assets
Current Assets 2021 2020
Stores and Spares PKR 10,526,573 PKR 6,520,170
Stock in Trade PKR 3,105,037 PKR 2,915,552
Trade Debts PKR 2,710,081 PKR 3,422,767
Loans and Advances PKR 944,987 PKR 390,966
Trade Deposits and Short term prepayments PKR 85,403 PKR 81,169
Accrued Return PKR 22,309 PKR 47,572
Other Receivables PKR 3,690,639 PKR 3,670,300
Tax Refunds due from the Government PKR 538,812 PKR 538,812
Short Term Investments PKR 16,227,103 PKR 2,970,999
Cash and Bank Balances PKR 2,825,424 PKR 7,816,606
PKR 40,676,368 PKR 28,374,913
Non Current Assets
Property, plant and Equipment PKR 62,389,947 PKR 60,247,570
Intangible Assets PKR 670 PKR 11,323
Capital Work in progress
Long term Investments PKR 53,194,485 PKR 47,144,485
Long term loans and advances PKR 98,655 PKR 87,008
Long term deposits PKR 7,937 PKR 3,175
PKR 115,691,694 PKR 107,493,561

Total Assets; Total Liabilities & Equity PKR 156,368,062 PKR 135,868,474

Liabilities & Equities

Current Liabilities 2021 2020
Current portion of non current liabilities PKR 506,908 PKR 126,727
Short term borrowings PKR 7,050,000 PKR 7,931,444
Unclaimed Dividend PKR 53,458 PKR 55,767
Accrued Markup PKR 70,868 PKR 46,173
Unpaid Dividend PKR - PKR 17,580
Trade and Other payables PKR 20,789,760 PKR 19,354,794
Taxation - net PKR 1,916,072 PKR 1,422,867

PKR 30,387,066 PKR 28,955,352

Non Current Liabilities
Long Term Deposits PKR 243,633 PKR 233,062
Long term loans PKR 2,934,044 PKR 320,461
Deferred Governmant Grant PKR 1,107,940 PKR 59,720
Deferred Taxation
Deferred Liabilities PKR 8,495,121 PKR 7,116,018
PKR 12,780,738 PKR 7,729,261
Equity
Issued, Subscribed and paid up share capital PKR 3,233,750 PKR 3,233,750
Reserves PKR 109,966,508 PKR 95,950,111
Revenue Reserve: Un-appropriate profits
PKR 113,200,258 PKR 99,183,861

PKR 156,368,062 PKR 135,868,474

 2019 2018 2017
PKR 6,809,724 PKR 7,783,111 PKR 5,894,079
PKR 4,253,020 PKR 2,796,658 PKR 2,509,273
PKR 2,058,719 PKR 2,424,470 PKR 1,582,689
PKR 686,525 PKR 420,671 PKR 619,161
PKR 74,223 PKR 67,577 PKR 39,774
PKR 113,869 PKR 142,881 PKR 165,289
PKR 2,130,907 PKR 1,311,180 PKR 1,235,019
PKR 538,812 PKR 538,812 PKR 538,812
PKR 1,055,754 PKR 34,956 PKR 45,452
PKR 15,657,246 PKR 27,435,361 PKR 33,738,377
PKR 33,378,799 PKR 42,955,677 PKR 46,367,925

PKR 57,276,184 PKR 40,913,168 PKR 37,488,137

PKR 18,152 PKR 55,023 PKR 79,657

PKR 34,313,588 PKR 24,981,078 PKR 13,313,520

PKR 99,316 PKR 90,996 PKR 84,951
PKR 3,175 PKR 3,175 PKR 3,175
PKR 91,710,415 PKR 66,043,440 PKR 50,969,440

PKR 125,089,214 PKR 108,999,117 PKR 97,337,365

2019 2018 2017

PKR 2,900,000 PKR -

PKR 53,953 PKR 47,945

PKR 91,119 PKR 82,960

PKR 19,195,617 PKR 13,121,005 PKR 9,269,882
PKR 1,337,361 PKR 1,985,352 PKR 1,073,745

PKR 23,578,050 PKR 15,237,262 PKR 10,343,627

PKR 90,264 PKR 94,394 PKR 84,630

PKR 7,102,483 PKR 7,300,639 PKR 7,124,127
PKR 7,192,747 PKR 7,395,033 PKR 7,208,757

PKR 3,233,750 PKR 3,233,750 PKR 3,233,750

PKR 91,084,667 PKR 83,133,072 PKR 76,551,231

PKR 94,318,417 PKR 86,366,822 PKR 79,784,981

PKR 125,089,214 PKR 108,999,117 PKR 97,337,365

Gross Sales
Net Sales
Cost of Sales
Gross profit

Distribution Cost
Administrative Expenses
Other income
Other expenses
Profit Before Interest and Taxation

Finance Cost
Profit Before Taxation

Taxation
Profit of the year
 Income Statement
2021 2020 2019 2018
PKR 88,357,695.00 PKR 62,302,086.00 PKR 67,547,938.00 PKR 67,376,579.00
PKR 62,940,805.00 PKR 41,870,796.00 PKR 48,021,399.00 PKR 47,541,724.00
PKR (43,984,873.00) PKR (35,794,031.00) PKR (34,037,568.00) PKR (30,589,363.00)
PKR 18,955,932.00 PKR 6,076,765.00 PKR 13,983,831.00 PKR 16,952,361.00

PKR (4,859,096.00) PKR (3,699,154.00) PKR (2,728,809.00) PKR (1,992,454.00)

PKR (1,257,074.00) PKR (1,189,638.00) PKR (1,227,872.00) PKR (1,089,446.00)
PKR 5,846,361.00 PKR 3,185,859.00 PKR 3,241,682.00 PKR 2,594,563.00
PKR (1,361,005.00) PKR (377,526.00) PKR (1,047,617.00) PKR (1,346,369.00)
PKR 17,325,118.00 PKR 3,996,306.00 PKR 12,221,215.00 PKR 15,118,655.00

PKR (332,905.00) PKR (176,378.00) PKR - PKR -

PKR 16,992,213.00 PKR 3,819,928.00 PKR 12,221,215.00 PKR 15,118,655.00

PKR (2,922,024.00) PKR (475,995.00) PKR (1,730,986.00) PKR (2,921,565.00)

PKR 14,070,189.00 PKR 3,343,933.00 PKR 10,490,229.00 PKR 12,197,090.00
 2017
PKR 61,601,934.00
PKR 45,687,043.00
PKR (24,388,760.00)
PKR 21,298,283.00

PKR (1,703,785.00)
PKR (1,021,694.00)
PKR 1,993,472.00
PKR (1,788,023.00)
PKR 18,778,253.00

PKR -
PKR 18,778,253.00

PKR (5,086,004.00)
PKR 13,692,249.00
Rupees in Thousands 2021

Cashflow from Operating Activities

Cash generated from operations PKR 13,285,674
Finance cost paid PKR (308,210)
Increase in long-term deposits (Assets) PKR (4,762)
(Decrease)/Increase in long-term deposits (Liabilities) PKR 10,571
Income tax paid PKR (832,798)
Gratuity paid PKR (100,969)
(increase)/decrease in long-term loans and advances PKR (11,647)
Income from deposits with Islamic Banks PKR 454,772
Net cash inflow/(outflow) from operating activities PKR 12,492,631

Cashflow from investing activities

Fixed Capital Expenditure PKR (6,470,913)
Long-term Investment made PKR (6,050,000)
Short-term investments PKR -
Sale proceeds disposal of property, plant and equipment PKR 109,962
Dividend Received from subsidiary companies PKR 4,345,673
Dividend received from associated company PKR 61,137
Dividend Received on short-term investments PKR 613,816
Release of placements/balances held as lien PKR 1,628,000
Net cash outflow from investing activities PKR (5,762,325)

Cash flows from Financig activities

Long term loan obtained - net PKR 4,041,984

Dividends paid PKR (19,889)

Net cash inflow from financing activities PKR 4,022,095
Net increase/(decrease) in cash and cash equivalents PKR 10,752,401
cash and cash equivalents at the beginning of the year PKR 888,637
Cash and Cash Equivalents at the end of the year PKR 11,641,038
 2020 2019 2018 2017

PKR 4,141,776 PKR 16,643,552 PKR 17,315,306 PKR 20,136,484

PKR (140,543) PKR - PKR -
PKR - PKR - PKR - PKR -
PKR 142,798 PKR (4,130) PKR 9,764 PKR 13,964
PKR (603,777) PKR (1,623,723) PKR (2,125,980) PKR (5,025,425)
PKR (109,054) PKR (85,056) PKR (91,708) PKR (73,490)
PKR 12,308 PKR (8,320) PKR (6,045) PKR (9,381)
PKR 1,603,352 PKR 2,161,528 PKR 1,978,591 PKR 1,802,440
PKR 5,046,860 PKR 17,083,851 PKR 17,079,928 PKR 16,844,592

PKR (6,855,816) PKR (19,683,325) PKR (6,444,831) PKR (6,203,337)

PKR (9,044,601) PKR (9,332,510) PKR (11,667,558) PKR (891,500)
PKR - PKR (1,032,745) PKR - PKR 347,068
PKR 83,141 PKR 181,534 PKR 68,356 PKR 60,054
PKR 1,162,684 PKR 457,000 PKR -
PKR 122,273 PKR 183,410 PKR 138,000
PKR 200,861 PKR 37,503 PKR -
PKR 5,935,560 PKR 1,455 PKR (7,887,015)
PKR (8,395,898) PKR (29,187,678) PKR (25,793,048) PKR (6,687,715)

PKR 506,908

PKR (2,173,663) PKR (2,572,833) PKR (5,476,911) PKR (3,224,082)

PKR (1,666,755) PKR (2,572,833) PKR (5,476,911) PKR (3,224,082)
PKR (5,015,793) PKR (14,676,660) PKR (14,190,031) PKR 6,932,795
PKR 5,904,430 PKR 19,548,346 PKR 33,738,377 PKR 26,805,582
PKR 888,637 PKR 4,871,686 PKR 19,548,346 PKR 33,738,377
 2021 2020 2019
Creditors PKR 2,882,434.00 PKR 2,882,434.00 PKR 3,427,675.00
Tangible Assets PKR 78,846,981.00 PKR 77,499,898.00 PKR 83,996,174.00
 2018 2017
PKR 2,808,606.00 PKR 1,021,949.00
PKR 78,928,298.00 PKR 79,629,866.00
 Kohat Attock
Long Term Debt 5552786149 2407574
Share Cap & Reserves 22223539371 17200542
Debt to equity ratio 0.249860567045678 0.139970821849684

Cement Capacity 3.07 Million Metric Tons

Clinker Capacity 4.91 Million Metric Tons 2.88 Million Metric Tons

Lucky Cement Capacity Cement 12.15 Million Metric Tons

Clinker 11.54 Million Metric Tons
Cherat Bestway
15271270 13058576
13589552 60122534
1.12375080503022 0.217199361557183 Lucky Cement Capacity

4.53 Million Metric Tons

4.32 Million Metric Tons 10.15 Million Metric Tons
Cement 12.15 Million Metric Tons
Clinker 11.54 Million Metric Tons