DIN TEXTILE MILLS LIMITED

Financials Din Textile Mills Limited

Equities

DINT

PK0046101017

Textiles & Leather Goods

End-of-day quote Pakistan S.E. Other stock markets 04:30:00 13/12/2023 am IST			5-day change	1st Jan Change
75 ^PKR	-6.37%		-.--%	-.--%

26/04	Din Textile Mills Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024	CI
21/02	Din Textile Mills Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

Valuation

Fiscal Period: Juni	2018	2019	2020	2021	2022	2023
Capitalization ¹	2,125	2,368	2,203	4,722	6,401	4,717
Enterprise Value (EV) ¹	8,264	9,524	8,729	15,931	24,107	25,022
P/E ratio	14.7 x	6.53 x	49.1 x	3.02 x	1.86 x	-5.44 x
Yield	-	3.08%	-	-	-	-
Capitalization / Revenue	0.22 x	0.2 x	0.18 x	0.27 x	0.2 x	0.15 x
EV / Revenue	0.87 x	0.82 x	0.7 x	0.9 x	0.77 x	0.77 x
EV / EBITDA	8.98 x	6.62 x	5.74 x	4.94 x	4.06 x	7.9 x
EV / FCF	-6.42 x	-8.72 x	-39.1 x	-3.06 x	-3.17 x	-8.74 x
FCF Yield	-15.6%	-11.5%	-2.56%	-32.7%	-31.5%	-11.4%
Price to Book	1.18 x	1.09 x	0.71 x	1.01 x	0.79 x	0.45 x
Nbr of stocks (in thousands)	29,148	29,148	52,467	52,467	52,467	52,467
Reference price ²	72.90	81.25	41.98	90.00	122.0	89.90
Announcement Date	07/10/18	04/10/19	08/10/20	07/10/21	08/10/22	06/10/23

¹PKR in Million²PKR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni	2018	2019	2020	2021	2022	2023
Net sales ¹	9,479	11,560	12,483	17,641	31,353	32,314
EBITDA ¹	920.1	1,439	1,520	3,228	5,930	3,169
EBIT ¹	588.2	1,066	1,015	2,566	4,996	2,205
Operating Margin	6.21%	9.22%	8.13%	14.55%	15.93%	6.82%
Earnings before Tax (EBT) ¹	231.3	418.5	177.7	1,937	3,733	-624.3
Net income ¹	144.9	362.4	36.64	1,563	3,443	-867.5
Net margin	1.53%	3.14%	0.29%	8.86%	10.98%	-2.68%
EPS ²	4.971	12.43	0.8555	29.79	65.63	-16.53
Free Cash Flow ¹	-1,287	-1,092	-223.5	-5,211	-7,597	-2,862
FCF margin	-13.58%	-9.44%	-1.79%	-29.54%	-24.23%	-8.86%
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	2.500	-	-	-	-
Announcement Date	07/10/18	04/10/19	08/10/20	07/10/21	08/10/22	06/10/23

¹PKR in Million²PKR

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2018	2019	2020	2021	2022	2023
Net Debt ¹	6,139	7,156	6,526	11,209	17,706	20,305
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	6.672 x	4.971 x	4.294 x	3.473 x	2.986 x	6.408 x
Free Cash Flow ¹	-1,287	-1,092	-223	-5,211	-7,597	-2,862
ROE (net income / shareholders' equity)	8.38%	18.3%	1.39%	40.1%	53.8%	-9.3%
ROA (Net income/ Total Assets)	4.52%	6.84%	5.52%	10.7%	13.7%	4.17%
Assets ¹	3,207	5,302	664.2	14,650	25,209	-20,807
Book Value Per Share ²	61.80	74.20	59.30	89.10	155.0	201.0
Cash Flow per Share ²	1.260	0.8300	5.900	2.380	3.730	2.260
Capex ¹	992	852	2,362	4,060	1,799	4,010
Capex / Sales	10.47%	7.37%	18.92%	23.01%	5.74%	12.41%
Announcement Date	07/10/18	04/10/19	08/10/20	07/10/21	08/10/22	06/10/23

¹PKR in Million²PKR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Yarn Goods

	1st Jan change	Capi.
DIN TEXTILE MILLS LIMITED	-.--%	1.41Cr
CHINA JUSHI CO., LTD.	+28.89%	697.32Cr
VARDHMAN TEXTILES LIMITED	+20.04%	160.45Cr
ZHEJIANG TAIHUA NEW MATERIAL CO.,LTD	-0.50%	139.86Cr
BROS EASTERN.,LTD	+17.25%	117.77Cr
HUAFU FASHION CO., LTD.	+5.58%	103.59Cr
TAINAN SPINNING CO., LTD.	+11.39%	90Cr
ZHEJIANG XINAO TEXTILES INC.	+12.08%	79Cr
THE JAPAN WOOL TEXTILE CO., LTD.	-0.52%	59Cr
ZHEWEN PICTURES GROUP CO.,LTD	-20.24%	55Cr

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