Name Mehreen Khan

Registration No. 2235113

Program MBA-36 EVE
Final Project 2023
Company Nishat Mills

2016 2017
Rupees in thousand Rupees in thousand
Assets
Non-Current Assets
Property, Plant and equipment 24,715,095 27,767,699
Investment properties 472,765 466,935
Long term Invstments 55,399,080 60,008,322
Long Term Loans 97,762 167,526
Long Term Deposits 63,687 121,646
Total Non Current Assets 80,748,389 88,532,128

Current Assets
Stores, spare parts and loose tools 1,269,509 2,106,878
Stock-in-trade 9,933,736 12,722,712
Trade Debts 2,253,369 2,245,620
Loans and Advances 6,111,644 7,637,999
Taxation-net
Short-term deposits and prepayments 65,433 60,454
Other Receivables 2,023,092 2,828,285
Accured Interest 13,662 11,917
Short term Investment 2,065,217 2,535,973
Cash and Bank Balances 2,115,168 43,945
Total Current Assets 25,850,830 30,193,783

Total Assets 106,599,219 118,725,911

Equity and Liabilities

Share Capital and Reserves

Issued, Subscribed and Paid-up Capital 3,515,999 3,515,999
Capital Reserves 78,639,156 85,246,797
Total Shareholder's Equity 82,155,155 88,762,796

Liabilities
Non Current Liabilities
Long Term Financing 4,629,456 5,245,629
Deferred Income tax Liability 261,567 783,292
Total Non Current Liabilities 4,891,023 6,028,921

Current Liabilities
Trade and other payables 5,737,896 5,837,390
Accrued mark-up 113,320 110,751
Short term borrowings 10,475,657 14,697,393
Current portion of non-current liabilities 1,980,768 2,093,024
Provision for taxation / Unclaimed Dividend 1,245,400 1,195,636
Taxation-net - -
Total Current Liabilities 19,553,041 23,934,194

Total Liabilities 24,444,064 29,963,115

Total Equity and Liabilities 106,599,219 118,725,911
 Balanc

2018 2019 2020 2021

Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand

28,180,049 28,968,219 31,292,722 35,926,594

464,896 459,974 455,544 479,506
44,757,279 34,930,333 37,979,074 48,620,695
221,481 275,246 305,264 468,377
69,643 114,360 104,783 156,984
73,693,348 64,748,132 70,137,387 85,652,156

1,714,031 3,102,988 2,256,569 2,605,602

12,243,652 17,008,459 20,753,543 17,972,691
4,029,789 4,711,061 4,326,780 6,549,252
4,848,088 8,040,700 9,427,202 7,675,599
- 572,307
90,616 74,969 67,629 80,828
3,420,370 2,253,678 3,526,888 4,702,709
9,792 28,780 36,675 28,885
2,581,520 - - -
104,827 576,625 128,241 5,272,345
29,042,685 35,797,260 40,523,527 45,460,218

102,736,033 100,545,392 110,660,914 131,112,374

3,515,999 3,515,999 3,515,999 3,515,999

72,197,146 63,099,271 67,911,861 82,231,780
 75,713,145 66,615,270 71,427,860 85,747,779

5,259,927 5,190,839 9,222,781 11,577,915

215,440 571,833 302,672 1,055,992
5,475,367 5,762,672 9,525,453 12,633,907

8,359,680 6,416,602 9,357,977 9,512,304

235,337 109,378 226,228 196,382
17,982,262 12,507,590 19,329,768 18,718,262
1,784,470 2,144,900 703,032 4,206,123
93,006 81,746 90,596 97,617
- - - -
28,454,755 21,260,216 29,707,601 32,730,688

33,930,122 27,022,888 39,233,054 45,364,595

109,643,267 93,638,158 110,660,914 131,112,374
 Balance sheet

2022 2023 2024 2025

Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand

39,766,323 3,966,762 4,475,315 5,049,066

475,077 475,077 475,077 475,077
35,720,224 35,720,224 35,720,224 35,720,224
392,423 392,423 392,423 392,423
177,196 177,196 177,196 177,196
76,531,243 40,731,682 41,240,235 41,813,986

3,999,710 4,512,487 5,091,003 5,743,688

31,826,616 35,906,899 40,510,289 45,703,850
10,366,408 11,695,418 13,194,811 14,886,432
4,800,356 5,415,778 6,110,100 6,893,436
-
137,383 154,996 174,867 197,286
9,401,466
379,668
- - - -
91,727 103,487 116,754 131,722
61,003,334 57,789,065 65,197,825 73,556,414

137,534,577 98,520,747 106,438,060 115,370,400

3,515,999 3,515,999 3,515,999 3,515,999

75,684,944 72,261,857 71,576,930 70,892,003
 79,200,943 75,777,856 75,092,929 74,408,002

12,284,112 234,761 (12,783,251) (26,770,068)

2,191,059 1,686,138 1,915,463 2,144,788
14,475,171 1,920,899 (10,867,788) (24,625,280)

11,997,292 12,049,351 13,018,147 13,986,944

376,723 425,020 479,509 540,984
26,730,048 30,156,934 34,680,474 39,882,545
4,302,449 3,903,510 4,264,574 4,625,639
101,928 (388,991) (590,022) (791,052)
350,023 - - -
43,858,463 46,145,823 51,852,683 58,245,059

58,333,634 48,066,722 40,984,895 33,619,780

137,534,577 123,844,579 116,077,824 108,027,782
 2026 2027 2028 2029
Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand

5,696,374 6,426,669 7,250,591 8,180,142

475,077 475,077 475,077 475,077
35,720,224 35,720,224 35,720,224 35,720,224
392,423 392,423 392,423 392,423
177,196 177,196 177,196 177,196
42,461,294 43,191,589 44,015,511 44,945,062

6,480,049 7,310,814 8,248,085 9,305,519

51,563,243 58,173,831 65,631,920 74,046,161
16,794,925 18,948,093 21,377,304 24,117,950
7,777,199 8,774,263 9,899,154 11,168,260

222,578 251,114 283,307 319,628

- - - -
148,610 167,662 189,157 213,407
82,986,603 93,625,776 105,628,928 119,170,925

125,447,898 136,817,365 149,644,438 164,115,987

3,515,999 3,515,999 3,515,999 3,515,999

70,207,076 69,522,149 68,837,222 68,152,295
 73,723,075 73,038,148 72,353,221 71,668,294

225 267 (16,893,068) (34,755,200)

2,374,113 2,603,439 2,832,764 3,062,089
2,374,338 2,603,706 (14,060,304) (31,693,110)

14,955,741 15,924,538 16,893,335 17,862,132

610,340 532,092 463,876 404,406
45,864,926 52,744,665 60,656,365 69,754,820
4,986,703 5,347,767 5,708,832 6,069,896
(992,083) (1,193,114) (1,394,145) (1,595,176)
- - - 350,023
65,425,627 73,355,949 82,328,263 92,496,078

67,799,966 75,959,655 68,267,960 60,802,967

141,523,041 148,997,803 140,621,181 132,471,262
 2030 2031 2032
Rupees in thousand Rupees in thousand Rupees in thousand

9,228,864 10,412,037 11,746,897

475,077 475,077 475,077
35,720,224 35,720,224 35,720,224
392,423 392,423 392,423
177,196 177,196 177,196
45,993,784 47,176,957 48,511,817

10,498,519 11,844,466 13,362,967

83,539,138 94,249,147 106,332,217
27,209,955 30,698,366 34,634,004
12,600,070 14,215,443 16,037,913

360,606 406,837 458,994

- - -
240,767 271,634 306,458
134,449,055 151,685,893 171,132,555

180,442,839 198,862,850 219,644,371

3,515,999 3,515,999 3,515,999

67,467,368 66,782,441 66,097,514
 70,983,367 70,298,440 69,613,513

(53,586,128) - -
3,291,415 3,520,740 3,750,065
(50,294,714) 3,520,740 3,750,065

18,830,929 19,799,726 20,768,523

352,559 307,360 267,955
80,218,043 92,250,749 106,088,362
6,430,961 6,792,025 7,153,089
(1,796,207) (1,997,238) (2,198,268)
- - -
104,036,285 117,152,623 132,079,661

53,741,571 120,673,362 135,829,726

124,724,939 190,971,803 205,443,239
Sales Growth 0.128203495
COGS/Sales -0.872410613
MSD/Sales -0.046175212
AE/Sales -0.018549832
I (L) - R/Trade Debts 0
FC / Total Debts -1419.764031
Impairment Loss on investment in associate / Investments in Associates 0
OE / Sales -0.004518648
Other Income / Investments 186370.0352
Share of Profit from Associate under the Equity Basis of Accounting / In 0
PBT / Sales 0.100811811
Tax / PBT -0.177753872
PAT / Sales 0.08308227
Net Sales
Cost of Sales

Gross Profit

Distribution Costs
Administrative Expenses
Impairment (Loss) / reversal on trade debts

Finance Cost
Impairment Loss on investment in associate
Other Expenses

Other Income
EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)

(Loss) / Profit before Tax

Taxation

(Loss) / Profit After Tax

 2016 2017 2018 2019
Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand
47,999,179.00 49,247,657 53,729,124.00 63,499,029.00
(41,759,788.00) (43,867,819.00) (48,178,678.00) (55,842,428.00)

6,239,391.00 5,379,838 5,550,446.00 7,656,601.00

(2,137,894.00) (2,367,862.00) (2,438,118.00) (2,769,744.00)

(1,092,406.00) (1,128,721.00) (1,074,286.00) (1,118,891.00)
-

(1,046,221.00) (915,072.00) (993,824.00) (1,668,166.00)

- - - -
(316,886.00) (207,507.00) (189,730.00) (361,132.00)

4,079,054.00 4,259,666.00 4,102,639.00 5,158,380.00

- -

5,725,038.00 5,020,342.00 4,957,127.00 6,897,048.00

(802,000.00) (758,000.00) (860,000.00) (1,038,000.00)

4,923,038.00 4,262,342.00 4,097,127.00 5,859,048.00

 2020 2021 2022 2023
Rupees in thousand Rupees in thousand Rupees in thousandRupees in thousand
60,904,096.00 71,431,010.00 115,768,065.00 102,489,499.43
(53,627,970.00) (62,113,155.00) (98,432,494.00) (87,968,630.57)

7,276,126.00 9,317,855.00 17,335,571.00 14,520,868.86

(2,875,340.00) (3,096,473.00) (5,665,953.00) (4,832,857.86)

(1,238,301.00) (1,340,093.00) (1,671,369.00) (1,569,673.57)
- -

(1,502,412.00) (1,229,179.00) (2,160,365.00) (1,999,210.43)

- - - -
(213,179.00) (331,796.00) (502,014.00) (421,379.29)

3,032,390.00 3,750,188.00 5,571,415.00 4,620,230.00

- -

4,479,284.00 7,070,502.00 12,907,285.00 10,317,977.71

(973,000.00) (1,148,032.00) (2,595,611.00) (2,064,077.14)

3,506,284.00 5,922,470.00 10,311,674.00 8,253,900.57

 2024 2025 2026 2027
Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand
111,591,226 120,692,952.00 129,794,678.29 138,896,404.57
(95,538,562.07) (103,108,493.57) (110,678,425.07) (118,248,356.57)

16,052,663.64 17,584,458.4 19,116,253.21 20,648,048.00

(5,278,522.89) (5,724,187.93) (6,169,852.96) (6,615,518.00)

(1,652,661.00) (1,735,648.43) (1,818,635.86) (1,901,623.29)
-

(2,159,183.07) (2,319,155.71) (2,479,128.36) (2,639,101.00)

- - - -
(450,929.68) (480,480.07) (510,030.46) (539,580.86)

4,705,511.36 4,790,792.71 4,876,074.07 4,961,355.43

- -

11,216,878.36 12,115,779.00 13,014,679.64 13,913,580.29

(2,288,144.89) (2,512,212.64) (2,736,280.39) (2,960,348.14)

8,928,733.46 9,603,566.36 10,278,399.25 10,953,232.14

 2028 2029 2030 2031
Rupees in thousand Rupees in thousand Rupees in thousand Rupees in thousand
147,998,130.86 157,099,857.14 166,201,583.43 175,303,310
(125,818,288.07) (133,388,219.57) (140,958,151.07) (148,528,082.57)

22,179,842.79 23,711,637.57 25,243,432.36 26,775,227.14

(7,061,183.04) (7,506,848.07) (7,952,513.11) (8,398,178.14)

(1,984,610.71) (2,067,598.14) (2,150,585.57) (2,233,573.00)
- -

(2,799,073.64) (2,959,046.29) (3,119,018.93) (3,278,991.57)

- - - -
(569,131.25) (598,681.64) (628,232.04) (657,782.43)

5,046,636.79 5,131,918.14 5,217,199.50 5,302,480.86

- - -

14,812,480.93 15,711,381.57 16,610,282.21 17,509,182.86

(3,184,415.89) (3,408,483.64) (3,632,551.39) (3,856,619.14)

11,628,065.04 12,302,897.93 12,977,730.82 13,652,563.71

 2032 2033 2034
Rupees in thousand Rupees in thousand Rupees in thousand
184,405,036.00 193,506,762.29 202,608,488.57
(156,098,014.07) (163,667,945.57) (171,237,877.07)

28,307,021.93 29,838,816.71 31,370,611.50

(8,843,843.18) (9,289,508.21) (9,735,173.25)

(2,316,560.43) (2,399,547.86) (2,482,535.29)
-

(3,438,964.21) (3,598,936.86) (3,758,909.50)

- - -
(687,332.82) (716,883.21) (746,433.61)

5,387,762.21 5,473,043.57 5,558,324.93

-

18,408,083.50 19,306,984.14 20,205,884.79

(4,080,686.89) (4,304,754.64) (4,528,822.39)

14,327,396.61 15,002,229.50 15,677,062.39