Zahidjee Textile Mills : Presentation of Corporate Briefing Session 30-06-2023

Presentation Outlines

Introduction

Strategic / Operational Developments

Historical Financial Highlights

Financial Results 2023 VS 2022

Future Outlook

Question and Answers

Company Information

Zahidjee Textile Mills Limited (the Company) is incorporated in Pakistan on July 17, 1990 as a public limited company. The Company is listed on Pakistan Stock Exchange Limited.

The principal business of the Company is export of all kinds of value-added fabrics and textile made-ups. The Company is also engaged in the business of manufacturing and sale of yarn.

•	Head office	Zahidjee house 2H Gulberg II, Jail Road Lahore
•	Weaving Unit	32 KM Tandalian Wala Road Faisalabad
•	Stitching	Small Industrial Estate Faisalabad
•	Spinning Unit-1	32 KM Sheikhupura Road Faisalabad
•	Spinning Unit-9	M-3 Industrial Estate, Faisalabad

The Company is suppling to its customers various type of Cotton Yarn and PC Yarn.

The installed capacity of spinning units is 133,344 Spindles (57,347,935 Kgs) and 280 looms (42,536,384 Square meters of Fabrics)

CEO Profile

Mr. Muhammad Zahid

He is currently the Chief Executive officer of Zahidjee Textile Mills Limited. He has experience and is competent in business dealings, especially for

procurement of plant and machinery, raw material. He has experience in sale

promotion and has successfully created goodwill for Zahidjee products in local as well as in Export Markets. In addition to good knowledge and experience of production Sales and procurement, he is a good administrator

and handled the administration of the group very successfully. He holds

bachelor'sdegree in commerce fromFaisalabad.

Strategic / Operational Developments

Expansion:

The Company has successfully completed an expansion of a new spinning unit comprising 40,320 spindles, at M-3 Industrial City Faisalabad having total production capacityof16.3MillionKgsPerAnnumafterconversion into20/scount, atestimatedcostoutlayof4.99Billion.

After Completion of new spindles, 40,320 the company has planned to install a new

unit of 50,400 spindles in three phase ,machinery of first phase have already reached at site M3 - industrial city Faisalabad ,The unit is being installed at same industrial city and Building.

Historical Financial Highlights

Rs. in '000'

30000000

25000000

20000000

15000000

10000000

5000000

0

		Sales						Rs. in '000'			Gross Profit
32,317,373							6,000,000
27,935,802									5,631,999
					5,000,000
							4,000,000
		16,614,520					3,000,000
						2,611,169
				13,44,689
			13,902,387	10,329177	2,000,000						2,381,227	1,676,825
														1,461,704	1,034,163
							1,000,000
								-
									2023		2022			2021	2020	2019	2018
2023	2022	2021	2020	2019	2018								years
		years			Net Profit
			Rs. in '000'
			4500000
			4000000			3,977,737
			3500000
			3000000
			2500000
			2000000
			1500000
						1,557,107
			1000000		1,213,375
							717,282	781,659	325,928
			500000
			0
			2023	2022	2021	2020	2019		2018

Years

	Particulars	2023	2022	2021	2020	2019	2018
					(Rupees in '000')
Net Assets Employed
Fixed assets	13,608,051	14,362,509	8,115,970	6,613,186	6,083,842	6,204,294
Intangible assets	-	-	-	330	1,123	1,969
Investment in subsidiary	-	-	-	359,200	359,200	359,200
Long term deposits	20,476	27,976	35,976	4,476	4,476	4,450
Current assets	13,194,534	12,381,238	6,298,233	5,443,587	4,696,860	4,810,746
Non current assets- held for sale	-	-	359,200
Current liabilities	(6,383,552)	(6,289,933)	(3,981,464)	(4,335,041)	(4,045,774)	(4,729,949)
		6,810,982	6,091,305	2,675,969	1,108,546	651,085	80,797
Long term liabilities	(4,677,117)	(5,790,442)	(2,983,193)	(1,618,623)	(1,185,062)	(1,479,684)
Net Assets	15,762,391	14,691,348	7,844,722	6,467,116	5,914,664	5,171,025
Represented By
Paid up capital	1,914,211	1,914,211	1,914,211	1,914,211	1,914,211	1,914,211
Reserves	9,963,781	8,700,490	4,833,889	3,395,636	2,771,705	1,935,360
Revaluation surplus	3,884,399	4,076,647	1,096,622	1,157,269	1,228,748	1,321,454
		15,762,391	14,691,348	7,844,722	6,467,116	5,914,664	5,171,025
Operating Results
Sales	32,317,373	27,935,802	16,614,520	13,902,387	13,444,689	10,329,177
Gross profit	2,611,169	5,631,999	2,381,227	1,676,825	1,461,704	1,034,163
Operating profit	3,161,854	5,769,563	2,434,054	1,690,596	1,466,586	1,075,465
Profit before taxation	1,597,288	4,272,277	1,718,983	993,637	744,404	574,964

Historical

Financial

Highlights

FinancialRatios		2023	2022	2021	2020	2019	2018
Grossprofit	%	8.08	20.16	14.33	12.06	10.87	10.01
Operatingprofit	%	9.78	20.65	14.65	12.16	10.91	10.41
Profit/(loss)beforetaxation	%	4.94	15.29	10.35	7.15	5.54	5.57
Earning/(Loss)pershare	Rs.	6.34	20.78	8.13	3.75	4.08	1.70
Currentratio	Times	2.07	1.97	1.58	1.26	1.16	1.02
Fixedassetsturnover	Times	2.37	1.95	2.05	2.10	2.21	1.66
TotalDebttoCapital	%	70	82	89	92	88	120
Bookvaluepershare	Rs.	62.05	55.45	35.25	27.74	24.48	20.11

Historical

Financial

Highlights

BALANCE SHEET EQUITY AND

LIABILITIES

Years	2023	2022
	(Rupees in		Percentage
	Thousands)		Change
Net Assets Employed
Fixed assets	13,608,051	14,362,509	-5%
Intangible assets	0	0	0%
Investment in subsidiary	0	0	0%
Long term security deposits	20,476	27,976	-27%
Current assets	13,194,533	12,381,238	7%
Current liabilities	(6,383,552)	(6,289,933)	1%
	6,810,981	6,091,305	12%
Long term liabilities	(4,677,117)	(5,790,442)	-19%
Net Assets	15,762,391	14,691,348	7%
Represented By
Paid up capital	1,914,211	1,914,211	0.0%
Reserves	9,963,781	8,700,490	15%
Revaluationsurplus	3,884,399	4,076,647	-5%
Total Equity	15,762,391	14,691,348	7%

Financial Results 2022 vs 2023

2023	2022	Percentage
Rupees	Rupees	Change

Value Addition

Statement

ofValue

Addition

Sales	32,317,373,245
Trading (loss) / profit	80,253,444
Other income	470,431,583
	32,868,058,272
Value distribution
Cost of sales	29,706,204,512
Distribution cost	372,039,505
Administrative
Expenses	234,183,669
Other operating
Expenses	142,796,586
Finance cost	815,546,474
Dividends	191.421,099
Provision for taxation	383,912,863
	31,846,104,708

Retained for growth	1,021,953,564

27,935,802,398 68.1%

2,115,382 -74.2%

135,448,853 247.3%

28,073,366,633 68.4%

22,303,803,332 56.7%

413,981,830 164.4%

187,015,122 51.4%

260,589,945 71.1%

635,699,531 124.9%

248,847,497 -23.08%

294,539,407 82.0%

24,344,476,664 30.81%

3,728,889,969 -72.59%

and its Distribution