⚡ Flash Summary

FLYNG (Flying Cement Company Limited) presented its Corporate Briefing Session for FY 2025, highlighting significant growth compared to the previous year. The company has focused on using local coal, leading to substantial foreign reserve savings. Key indicators show substantial increases, with gross revenue up 2.8 times, gross profit up 5 times, operating profit up 6.5 times, and net profit up 12.5 times. The company’s share price has also grown approximately 7 times during FY 2025.

📌 Key Takeaways

• 🚀 Gross Revenue increased by 2.8x compared to last year.
• 💰 Gross Profit surged 5x year-over-year.
• 📈 Operating Profit jumped by 6.5x compared to last year.
• 💸 Net Profit skyrocketed by 12.5x compared to the previous year.
• 🏭 Located in Mangowal, District Khushab, on 135 acres.
• ⛏️ Produces Portland Grey Cement using Dry Process Technology.
• 🔄 Pioneered the use of local coal, saving millions in foreign reserves.
• ⭐ Credit rating of ‘A-‘ (Long term) and ‘A2’ (Short term) with a ‘Stable’ outlook by PACRA.
• 🚚 150 regular dealers in Punjab & KPK for domestic sales.
• 🌱 Gross Profit to Sales increased from 7.29% to 15.10%.
• 📊 Operating Profit to Sales increased from 4.05% to 10.73%.
• ⭐ Profit after tax to Sales increased from 1.13% to 5.92%.
• 🏗️ Total Property, Plant & Equipment increased from Rs. 23,174 million to Rs. 25,486 million.
• 🏦 Total Equity increased from Rs. 11,596 million to Rs. 12,322 million.
• 📈 Share price has achieved around 7 times growth during FY 2025.

🎯 Investment Thesis

BUY. FLYNG has demonstrated significant financial turnaround and growth, primarily driven by the use of local coal and efficient operations. The substantial improvements in revenue, profitability, and EPS make it an attractive investment. The positive growth trend, along with a stable credit rating, indicates a strong potential for future value appreciation. Based on current financials, the price target is Rs. 70, with a time horizon of 12 months.