Strength-6 - FoxLogica

⏸️ JSIL-FUNDS: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period ended September 30, 2025. (PART 2)

⚡ Flash Summary

JS Momentum Factor Exchange Traded Fund (the Fund) reported its unaudited financial statements for the quarter ended September 30, 2025. The Fund’s return was 25.82% for the quarter, falling short of the benchmark return of 27.64%. Net Assets increased substantially from PKR 730.11 million to PKR 999.67 million. The Management Company maintained its ‘AM2++’ rating, reflecting strong management quality and governance.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🥳 Fund’s return: 25.82% for the quarter ended September 30, 2025.
📉 Benchmark return: 27.64% for the same period.
⬆️ Net Assets: Increased from PKR 730.11 million (June 30, 2025) to PKR 999.67 million (September 30, 2025).
⚖️ Total expense ratio: 2.82%, including 0.42% of government levies.
⭐ Asset manager rating: Maintained ‘AM2++’, reflecting strong management quality.
💹 KSE-100 Index: Surged 31.7% in Q1FY26 to close at 165,494 points.
📊 Trading activity: Average daily volumes almost doubled, reaching 948 million shares.
💰 Trading value: More than doubled year-on-year, reaching PKR 44.2 billion.
💸 Foreign investors: Recorded net outflows of USD 132.0 million.
🤝 Mutual Funds & Individuals: Emerged as principal net buyers.
📈 Headline inflation: Averaged 4.22%, down from 9.22% the previous year.
🏦 State Bank of Pakistan: Maintained policy rate at 11%.

🎯 Investment Thesis

Based on the information, a HOLD recommendation is appropriate for JS Momentum Factor Exchange Traded Fund. While Net Assets grew substantially, the underperformance relative to the benchmark and high expense ratio raise concerns. Given strong surge in KSE100 index (+31.7% Q1FY26), a 25.82% return does not seem impressive. A price target cannot be precisely determined, but continuous monitoring and review is advised over the next 6-12 months to assess the sustainability of its asset growth and return on benchmark.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: HOLD TATM

⏸️ TATM: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Tata Pakistan’s Q1 2025 report reveals a mixed performance. Revenue slightly decreased YoY due to a reinstated sales tax on imported yarn. However, gross profit significantly improved due to optimized cotton procurement and renewable energy utilization. A substantial increase in other income led to a considerable surge in profit before taxation. The company faces challenges from rising energy costs and regional competition but focuses on cost optimization and renewable energy integration.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue slightly decreased to Rs. 11,879 million from Rs. 11,908 million YoY.
✅ Gross profit surged by 44.5% to Rs. 795 million, driven by optimized cotton procurement.
⚡ Renewable energy utilization contributed to enhanced profitability.
💰 Other income skyrocketed to Rs. 2,684 million, boosting overall profit.
⬆ Profit before taxation soared to Rs. 2,327 million from Rs. 81 million YoY.
❗ Finance costs decreased by 11% due to the reduction in the State Bank of Pakistan’s policy rate.
⚠️ Reinstatement of 18% sales tax on imported yarn impacted revenue.
🏆 Received a ‘Diamond Recognition Award’ for Skills Development Employers.
☀️ Focus on integrating renewable energy solutions for cost optimization.
🤝 Strong emphasis on sustainability and corporate social responsibility initiatives.
🌍 Economic challenges persist due to geopolitical conflicts and volatile oil prices.
🏛️ Company emphasizes continuous learning and skill development.
🌱 Strategic initiatives in Balancing, Modernization, and Replacement (BMR) aim to bolster resilience.

🎯 Investment Thesis

I recommend a HOLD rating for Tata Pakistan. The company’s improved profitability metrics are encouraging. However, the revenue headwinds and external economic risks warrant caution. A potential upside exists if the company successfully executes its cost optimization and renewable energy strategies. However, this could take time to realize. A potential buy point might materialize with a better entry position or further improvement in financial and operational performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements IDSM Signal: HOLD

⏸️ IDSM: HOLD Signal (6/10) – TRANSMISSION OF QUARTERLY ACCOUNTS FOR THE PERIOD ENDED 2025-09-30

⚡ Flash Summary

Ideal Spinning Mills Limited’s unaudited financial results for the quarter ended September 30, 2025, show a significant improvement compared to the same period last year. The company reported a profit after taxation of PKR 5.656 million, a stark contrast to the loss of PKR 52.907 million in the previous year. Earnings per share increased to PKR 0.57 from a loss of PKR 5.33 per share. Management expresses optimism about sustaining this positive trajectory through strategic planning and efficient resource utilization.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Revenue decreased significantly to PKR 356.861 million from PKR 1,239.898 million year-over-year.
📈 Gross profit decreased to PKR 60.565 million, compared to PKR 107.579 million in the prior year.
📉 Distribution costs decreased to PKR 20.781 million from PKR 33.612 million year-over-year.
📉 Administrative expenses decreased slightly to PKR 63.089 million from PKR 65.979 million.
✨ Other income increased dramatically to PKR 51.270 million from PKR 6.050 million year-over-year.
📉 Finance costs decreased to PKR 17.415 million from PKR 54.363 million year-over-year.
📈 Profit before taxation and levy turned positive at PKR 9.513 million compared to a loss of PKR 40.910 million in the prior year.
✅ Levy decreased to PKR 3.857 million from PKR 11.997 million year-over-year.
📈 Profit after taxation was PKR 5.656 million compared to a loss of PKR 52.907 million in the previous year.
📈 Earnings per share (EPS) improved to PKR 0.57 from a loss of PKR 5.33 in the prior year.
🏦 Short term borrowings decreased slightly from PKR 1,788.458 million to PKR 1,664.704 million.
💰 Cash and bank balances increased to PKR 48.206 million from PKR 41.724 million since June 30, 2025.
🏭 Operating fixed assets decreased to PKR 1,364.417 million from PKR 1,560.290 million since June 30, 2025.

🎯 Investment Thesis

Based on the Q1 report, I recommend a HOLD rating for Ideal Spinning Mills. The turnaround from a loss to a profit is encouraging, but revenue decline and reliance on ‘other income’ raise concerns about sustainability. A ‘BUY’ rating would require more consistent performance and revenue growth. A ‘SELL’ rating would be warranted if the ‘other income’ proves to be a one-time event. Price Target: PKR 15 (based on projected EPS with industry P/E ratio). Time Horizon: 12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements JKSM Signal: HOLD

⏸️ JKSM: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended 30-09-2025

⚡ Flash Summary

J.K. Spinning Mills Limited reported a 3.43% increase in sales for the quarter ended September 30, 2025, reaching Rs 10,377.897 million compared to Rs 10,034.063 million in the corresponding period of 2024. The profit after tax saw a 2.96% increase, amounting to Rs 308.157 million compared to Rs 205.183 million. Earnings per share (EPS) also improved, with Rs 3.01 compared to Rs 2.01 in the previous year. However, the board of directors decided not to recommend any interim dividend due to volatile market conditions. The company is focusing on cost minimization and capacity enhancement to achieve favorable financial results.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⬆️ Sales increased by 3.43% YoY, reaching Rs 10,377.897 million.
✅ Profit after tax increased by 2.96% YoY, amounting to Rs 308.157 million.
📈 Earnings per share (EPS) increased to Rs 3.01 from Rs 2.01 YoY.
⚠️ No interim dividend was recommended due to volatile market conditions.
🏭 Open-end spinning unit comprising 6,000 rotors has been installed and is working efficiently.
⬆️ Cost of sales increased from Rs 8,657.187 million to Rs 8,974.719 million YoY.
⬆️ Gross profit increased slightly from Rs 1,376.876 million to Rs 1,403.178 million YoY.
⚠️ Finance costs decreased significantly from Rs 578.386 million to Rs 377.856 million YoY.
⬆️ Levy and taxation increased from Rs 157.339 million to Rs 177.009 million YoY.
🌱 Company is committed to expanding renewable energy projects.
✔️ The company is focused on improving its financial position and performance.
✔️ The management is proactively addressing challenges through cost minimization and operational optimization.
✔️ The company Acknowledges and thanks all stakeholders for the confidence reposed.

🎯 Investment Thesis

Based on the analysis, a HOLD recommendation is appropriate for J.K. Spinning Mills. The company shows revenue and profit growth, but the uncertain market conditions and decision not to issue dividends introduce caution. The target price would be Rs 30.10 based on a P/E of 10x and the current EPS of Rs 3.01. Time horizon is MEDIUM_TERM, anticipating that the company’s strategic initiatives will drive further growth once market conditions stabilize. Further monitoring is needed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: HOLD UNITY

⏸️ UNITY: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Unity Foods Limited reported a challenging first quarter for the period ended September 30, 2025. Net sales decreased by 28% to PKR 9,349 million compared to PKR 12,925 million in the same period last year, attributed to lower volumes. However, cost optimization efforts and effective working capital management, along with a decrease in the policy rate, led to a 21% reduction in finance costs. The company achieved a net profit of PKR 96 million, a turnaround from a net loss of PKR 141 million in the prior year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net sales decreased by 28% to PKR 9,349 million compared to September 2024 (PKR 12,925 million) due to lower volumes.
💰 Gross profit declined to PKR 1,099 million from PKR 1,828 million in the same period last year.
⬆️ Operating profit decreased to PKR 1,489 million from PKR 1,621 million in the prior year.
✅ Net profit turned positive at PKR 96 million compared to a net loss of PKR 141 million in September 2024.
💸 Earnings per share (EPS) improved to PKR 0.08 from a loss per share (LPS) of PKR 0.12 in the corresponding quarter of the previous year.
📉 Finance costs reduced by 21% due to effective working capital management and a cut in the policy rate.
📊 Total assets slightly increased to PKR 83,803 million from PKR 83,561 million as of June 30, 2025.
🏦 Short-term borrowings stood at PKR 37,397 million, slightly higher than PKR 36,382 million as of June 30, 2025.
✔️ The company focused on cost reduction to maximize the bottom line.
🌱 The company is committed to sustainability, with future investments planned in renewable energy and product innovation.
🌐 Export sales represent 19% of the total gross turnover of the company.
🤝 Significant transactions with related parties, including Sunridge Foods and Wilmar Trading Pte Limited, were conducted at arm’s length.
💸 Cash generated from operations improved from negative PKR 48 million to positive PKR 670 million.
🌱 The management remains optimistic about achieving sustained revenue and profitability growth through cost optimization and product diversification.

🎯 Investment Thesis

Given the mixed performance, with reduced revenue but improved profitability due to cost management, a HOLD recommendation is appropriate. The company’s focus on sustainability and product diversification could yield long-term benefits, but the short-term challenges related to revenue decline need to be addressed. A price target of PKR 15, based on a forward P/E ratio of 20x and projected EPS, is set with a time horizon of 12 months, contingent on the company’s ability to stabilize revenue.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements JVDC Signal: HOLD

⏸️ JVDC: HOLD Signal (6/10) – Transmission of Quarterly Report for the 1st quarter ended 30-09-2025

⚡ Flash Summary

Javedan Corporation Limited’s Q1 2025 report reveals a mixed performance. Revenue decreased significantly to PKR 1.698 billion compared to PKR 3.130 billion in the same period last year. Profit after tax also declined to PKR 724 million from PKR 909 million year over year. The decrease in revenue is attributed to sales and profit of PKR 1,698 million compared to PKR 3,130 million, respectively, year over year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased to PKR 1.698 billion in Q1 2025 from PKR 3.130 billion in Q1 2024.
📉 Profit after tax declined to PKR 724 million from PKR 909 million year-over-year.
😓 EPS decreased to Rs. 1.90 per share compared to Rs. 2.39 per share in the corresponding period.
🏢 Naya Nazimabad Business Enclave continues to contribute to revenue.
🤝 Strategic partnership with Meezan Bank to provide housing finance.
⬆️ Administrative costs increased to PKR 235 million from PKR 144 million year-over-year.
💰 Other income increased to PKR 41 million.
💪 Strong performance and growing membership of Naya Nazimabad Gymkhana.
💼 Consolidated sales for the period stood at PKR 1.806 billion.
🏦 Consolidated profit after tax was PKR 713 million.
🏘️ Focus on lifestyle and commercial segments with continued demand for commercial properties.
🤝 Government’s Tax Credit on Housing Finance and stable interest rates are positive factors.
✅ Expectation of steady revenue growth and long-term value creation for shareholders.
💲 Investments in long term projects and subsidiaries remain consistent with previous reports.

🎯 Investment Thesis

HOLD. The company faces challenges in revenue and profit growth but has positive developments such as the Naya Nazimabad project and strategic partnerships. I would recommend holding the stock for now. We would need more information to determine an appropriate price target. Therefore, wait for the annual report to make a proper informed decision. The time horizon for reassessment is medium term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements FATIMA Signal: HOLD

⏸️ FATIMA: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Fatima Fertilizer Company Limited’s report for the nine months ended September 30, 2025, reveals a mixed performance. While the company increased its fertilizer offtake by 8.6% despite a market decline, its gross profit receded slightly due to increased gas costs and inflationary pressures. Consolidated sales revenue increased by 5% to Rs 178.80 billion. However, the company achieved a 27% increase in consolidated profit after tax due to a reduction in the effective tax rate.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⬆️ Fertilizer offtake increased by 8.6% despite a market decline.
📉 Gross profit receded slightly due to increased gas costs and inflationary pressures.
💰 Consolidated sales revenue increased by 5% to Rs 178.80 billion.
✅ Consolidated profit after tax increased by 27% due to a reduction in the effective tax rate from 45% to 37%.
🏭 Combined fertilizer production achieved was 2,131K MT compared to 2,141K MT in the prior year.
🌍 Sales volume for the nine months stood at 1,828K MT, compared to 1,684K MT in the prior year.
📊 Distribution costs increased by 27% due to high storage and network expansion costs.
📈 Other income almost doubled due to higher return on investments.
🏢 Consolidated Profit before Tax of Rs 46.07 billion, a 12% increase over Rs 41.23 billion.
💸 Earnings per share (EPS) increased to Rs 13.77 compared to Rs 10.84.
🌱 The company managed to increase its offtake by gaining 4.5% market share.
🤝 Scheme of Arrangement/Reconstruction for carving out of Multan Plant related operations is in progress.

🎯 Investment Thesis

HOLD: Given the mixed financial performance with increased revenue offset by rising costs, and pending scheme of arrangement, a HOLD recommendation is appropriate. The company faces operational and market risks that could impact future performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements MERIT Signal: HOLD

⏸️ MERIT: HOLD Signal (6/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Merit Packaging Limited reported a decrease in net revenue for the quarter ended September 30, 2025, primarily due to the disposal of its Gravure division. Despite the revenue decline, the company achieved a net profit of PKR 472 million (EPS: Rs. 2.36) compared to a net loss of PKR 35 million (LPS: Re. 0.17) in the same period last year, mainly due to a gain on the sale of Gravure machines. Excluding this gain, the company would have reported a loss of Rs. 33 million. Management is focused on implementing strategies to enhance the company’s resilience and operational readiness.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net Revenue decreased by 38.36% to PKR 937 million compared to the same period last year, primarily due to the disposal of the Gravure division.
💰 Operating Profit decreased from Rs. 36 million to Rs. 13 million year-over-year.
✅ Gain on sale of Gravure machines: The company realized a gain of Rs. 506 million from the sale of Gravure machines.
💸 Financial charges decreased to Rs. 35 million from Rs. 52 million, driven by reduced utilization of running finance facility.
📈 Profit before levies reached Rs. 484 million, compared to a loss of Rs. 16 million in the same quarter last year.
⭐ Net profit stood at PKR 472 million (EPS: Rs. 2.36) compared to a net loss of PKR 35 million (LPS: Re. 0.17) last year.
🛑 Without the gain on disposal of gravure machines, the company would have experienced a loss of Rs. 33 million.
💵 Proceeds from the sale of Gravure machines amounted to Rs. 800 million, with a remaining Rs. 200 million expected in Q2 FY26.
Competitive market: The packaging industry remains competitive.
Assets: Total assets decreased slightly from PKR 5,016.741 million to PKR 4,871.509 million.
Equity: The company’s equity increased from PKR 2,272.065 million to PKR 2,744.061 million.
Long-term financing: Long-term financing decreased slightly from PKR 133.617 million to PKR 131.965 million.
Short-term borrowings: Short-term borrowings significantly decreased from PKR 841.327 million to PKR 324.348 million.
Basic and diluted earnings per share: Increased from a loss of (0.17) rupees to an earning of 2.36 rupees

🎯 Investment Thesis

Hold. The company’s performance is heavily reliant on a one-time gain. Need to observe trends and how the business shifts in the coming quarters to formulate a better rating. Although there is a shift in the bottom line and an increased EPS, these may not be sustainable as the revenue and operating profit have decreased. Wait and see if the strategies put in place by management enhance the resilience and operational readiness for the business.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements ENGROH Signal: HOLD

⏸️ ENGROH: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Engro Holdings reported a consolidated profit after tax (PAT) of PKR 86,152 million for the nine months ended September 30, 2025, significantly up from PKR 42,017 million in the same period last year. This translates to an EPS of PKR 34.89 versus PKR 13.21 last year. The major driver for this surge in profitability stems from the reversal of previously recognized impairment linked to thermal energy assets. Excluding this one-off impact, the PAT attributable to shareholders would stand at PKR 15,156 million, reflecting core earnings.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🎉 PAT surged to PKR 86,152 million, a significant increase from PKR 42,017 million YoY.
🚀 EPS soared to PKR 34.89 compared to PKR 13.21 YoY.
♻️ The increase is largely due to a reversal of previously recognized impairment on thermal energy assets by PKR 54,174 million.
📊 Excluding the impairment reversal, core earnings were PKR 15,156 million.
📉 Standalone PAT declined to PKR 370 million from PKR 6,114 million YoY, with EPS dropping to PKR 0.31 from PKR 12.70.
🔄 The standalone PAT drop is attributed to the transfer of income-generating investments to DH Partners and reduced dividends from Engro Corp.
🏢 Engro Corporation became a wholly-owned subsidiary of the Company on January 1, 2025, with profit attributable to owners now reflecting 100% versus 39.97% last year.
📈 Deodar Towers were consolidated on June 3, 2025, with assets and liabilities recorded at fair values of PKR 220,612 million and PKR 167,679 million, respectively.
🏭 Fertilizer industry off-takes were impacted by weaker farmer economics and flood-related damage.
⚡ EPTL dispatched a Net Electrical Output of 2,789 GWh, up from 2,573 GWh last year.
🚫 No interim dividend was declared for 2025.
🌱 The immediate priority remains to fund the remaining obligations of the towers transaction, retained earnings to support this investment.

🎯 Investment Thesis

HOLD. The company is fundamentally shifting. The one off impairment reversal impacts the earnings dramatically, but it’s hard to understand the go forward run rate. Recommendation: A Hold rating is warranted until core earnings trends become more evident and the impact of recent structural changes can be fully assessed. The absence of an interim dividend and the prioritization of tower transaction funding further support a Hold stance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements FTSM Signal: HOLD

⏸️ FTSM: HOLD Signal (6/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

First Tri-Star Modaraba’s financial results for the quarter ended September 30, 2025, show a mixed performance. Revenue from academic activities decreased significantly compared to the same period last year, while operating profit increased due to other income. The company reported a higher profit before taxation, and earnings per certificate also increased. The statement of financial position shows an increase in total assets and equity compared to the previous quarter.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

Revenue from academic activities decreased from Rs 22,267,261 in September 2024 to Rs 15,270,000 in September 2025 📉.
Administrative expenses decreased from Rs 10,000,591 to Rs 8,433,175 📉.
Other income increased significantly from Rs 6,471 to Rs 14,058,204 🚀.
Financial charges increased from Rs 392,974 to Rs 736,745 📈.
Operating profit increased from Rs 11,880,167 to Rs 20,158,284 🚀.
Profit before levy and taxation increased from Rs 11,880,167 to Rs 20,158,284 🚀.
Levy increased significantly from Rs 277,819 to Rs 2,299,606 📈.
Profit before taxation increased from Rs 11,602,348 to Rs 17,858,679 🚀.
Earnings per certificate increased from Rs 0.55 to Rs 0.84 🚀.
Total Assets increased from Rs 586,596,073 to Rs 607,924,497 🚀.
Cash and bank balances increased significantly from Rs 2,993,562 to Rs 25,432,670 🚀.
Total certificate holders’ equity increased from Rs 353,377,679 to Rs 371,236,358 🚀.
No cash dividend/Bonus/Rights/Any other entitlement was recommended by the board 🕳️.
Cash generated from operating activities decreased from Rs 15,564,257 to Rs 8,380,904 📉.
Cash and cash equivalent at the end of the year increased from Rs 15,116,886 to Rs 25,432,670 🚀.

🎯 Investment Thesis

Given the mixed financial performance, with decreased revenue growth offset by increased profitability and a stronger balance sheet, a HOLD recommendation is appropriate. The price target rationale is based on the potential for earnings growth driven by other income sources, but tempered by concerns over core revenue decline. A price target of Rs 10.00 is set, assuming a modest multiple on earnings. The time horizon is MEDIUM_TERM, as the company’s strategy needs to be further analyzed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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