⚡ Flash Summary

Dawood Equities Limited (DEL) reported a strong financial turnover for FY 2024-25. The company’s total revenue reached PKR 232 million, with profit before taxes at PKR 72.86 million. Earnings per share (EPS) stood at PKR 1.84. The company maintains a PACRA Equity rating of A- for long term and A2 for short term, reflecting its financial stability.

📌 Key Takeaways

• ✅ Total Revenue for FY 2024-25: PKR 232 Million
• 💹 Profit/Loss Before Taxes for FY 2024-25: PKR 72.86 Million
• 📈 Earnings Per Share (EPS) for FY 2024-25: PKR 1.84
• 🏦 Equity at the end of FY 2024-25: PKR 370.6 Million
• ⭐ PACRA Equity rating Credit Rating of (A-) for Long Term
• ✔️ PACRA Equity rating Credit Rating of (A2) for Short Term
• 💼 PACRA Management Rating of (BFR 3+)
• 🏢 Operates a network of 8 branches across major cities in Pakistan
• ✍️ Underwriting performed for Mughal Iron & Steel, KSB Pumps, Organic Meat Company, Oilboy Energy.
• 🤝 Registered under the Securities and Exchange Commission of Pakistan (SECP) as a PSX & PMEX Broker.
• 🗓️ Incorporated in May 2006, commenced operations in October 2006.
• 🖺 Granted underwriting and consultancy license to DEL.
• 📊Substantial growth of the PMEX Desk
• ⭐New Accounts Opened during FY 2024-25 – More than 170 Accounts

🎯 Investment Thesis

BUY. The company’s strong financial performance, solid PACRA ratings, and growth strategies make it a promising investment. Price target will require a full valuation, but a 12-month time horizon is appropriate given the market conditions. A detailed valuation model is needed to estimate a specific price target.