Fazal Cloth Mills Limited (FZCM): Annual Report Takeaways – By AAH Research

<ul><li><strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Business Profile:</span></strong><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;"> Fazal Cloth mills was incorporated in Pakistan in 1966 as a public limited company. Company is enagaged in manufacturing and sales of Yarn and Fabric. The manufacturing facilities of the company are located at Muzafargarh and Khanewal road multan. The current market price of the company&rsquo;s Share is 136.71 with LTM PER of 9.5x. Moreover, company has book value per share of PKR 306, turning into PBV of 0.44x.The Authorized capital of the company is 700mn and paid capital of 300mn (Out. Shares 30mn, Free float 1.5mn shares). Majority shareholding of the company is held by Fazal holding (24.4%), Rehman Naseem (Director, 10.3%) and Fawad...