⚡ Flash Summary

Nimir Resins Limited reported unaudited financial results for the quarter ended September 30, 2025. The company declared no cash dividend, bonus shares, or right shares. Net sales increased to Rs. 2,587.438 million compared to Rs. 2,181.788 million in the same quarter last year. The company’s net profit for the period was Rs. 65.163 million, up from Rs. 37.207 million year over year, with earnings per share (EPS) increasing to Rs. 0.46 from Rs. 0.26.

📌 Key Takeaways

• 📈 Net sales increased by approximately 18.6% year-over-year, from Rs. 2,181.788 million to Rs. 2,587.438 million.
• 💰 Gross profit increased by approximately 12.7% year-over-year, from Rs. 242.130 million to Rs. 272.837 million.
• 📊 Operating profit increased by about 8.0% year-over-year, from Rs. 173.673 million to Rs. 187.461 million.
• ✨ Net profit for the period increased significantly by 75.1%, from Rs. 37.207 million to Rs. 65.163 million.
• 💸 Earnings per share (EPS) increased to Rs. 0.46 from Rs. 0.26 year over year, reflecting improved profitability.
• 🚫 No cash dividend was declared for the quarter.
• 🚫 No bonus shares were declared for the quarter.
• 🚫 No right shares were declared for the quarter.
• 📉 Finance costs decreased from Rs. 109.911 million to Rs. 75.935 million, positively impacting profitability.
• ✅ The company’s total assets decreased slightly from Rs. 6,775.666 million to Rs. 6,607.134 million.
• 📉 Trade and other payables decreased significantly from Rs. 905.261 million to Rs. 565.522 million, indicating improved liquidity management.

🎯 Investment Thesis

HOLD. Nimir Resins has shown strong growth in revenue and net profit, indicating solid operational performance. However, the negative cash flow from operations raises concerns. A HOLD recommendation is appropriate until cash flow issues are addressed. The price target will be determined after a more comprehensive financial model can be developed and is contingent on stabilization of operating cash flows.