⚡ Flash Summary

GOC (Pak) Limited’s unaudited financial results for the quarter ended September 30, 2025, showcase a significant surge in sales and profitability. The company reported a remarkable 117.93% increase in sales, reaching PKR 151.217 million, compared to PKR 69.388 million in the corresponding period. This growth is attributed to the successful shipment of consignments delayed from the previous year. Consequently, the company’s gross profit soared to PKR 51.166 million, up from PKR 21.203 million, and earnings per share reached PKR 2.73, a substantial increase from PKR 0.51.

📌 Key Takeaways

• 🚀 Sales increased by 117.93% to PKR 151.217 million compared to PKR 69.388 million in the prior year.
• 💰 Gross profit surged to PKR 51.166 million from PKR 21.203 million, showcasing improved operational efficiency.
• 📈 Earnings per share (EPS) significantly increased to PKR 2.73 from PKR 0.51.
• 📦 Sales growth primarily driven by delayed shipments from the previous year.
• 🤝 Share of profit from associated company Grays Leasing decreased to PKR 0.607 million from PKR 1.066 million.
• ✅ Directors express satisfaction with the company’s current performance and future prospects.
• 🤝 Board acknowledges shareholders, customers, and employees for their contributions.
• 📊 Total Assets increased to PKR 757.270 million from PKR 769.861 million as of June 30, 2025.
• 🧾 Non-Current Assets decreased to PKR 182.087 million from PKR 182.432 million.
• 💸 Current Assets decreased to PKR 575.182 million from PKR 587.428 million.
• liabilities decreased to PKR 59.476 million from PKR 92.591 million.
• Equity increased to PKR 697.793 million from PKR 677.269 million.
• Other investment Fair value increased to PKR 1.046 million from PKR 572 million.

🎯 Investment Thesis

BUY: GOC presents a compelling investment opportunity due to its strong sales growth, improved profitability, and efficient management. With a price target of PKR 3.50 (based on a conservative 20x multiple on the current EPS), the investment horizon is medium-term, expecting the company to sustain its growth trajectory.