Packages Limited

Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products.In CY24, consolidated revenue clocked in at PKR 177Bn compared to PKR 157Bn, up 13% over the SPLY. Despite increase in sales gross margins declined ~5ppts arrived ~19% as compared to ~24% mainly due to the high material costs and fuel costs. Investment income declined ~38%YoY arriving at PKR 618Mn in CY24.Finan ...

Packages Limited reported an unconsolidated net profit of PKR 1.91 billion (EPS: PKR 20.68) for CY24, reflecting a notable decline from PKR 2.78 billion (EPS: PKR 30.37) in the previous year. This drop in profitability was primarily due to the absence of dividend income from Bulleh Shah Packaging (Private) Limited in the current year.Overall, dividend income stood at PKR 4.06 billion in CY24, down from PKR 5.84 billion in CY23. Additionally, the finance cost rose to PKR 1.59 ...

Packages Limited (PKGS) is one of the alpha stocks we recommended in our Strategy Report 2025 dated Nov 16, 2024. Our Dec-2025 Target Price of Rs957/share offers a potential total return of 83% (incl. dividend yield of 6%). We expect company sales and earnings to grow at a 3-year CAGR of 8% and EPS to grow to Rs132.9/share in 2027 from expected loss of Rs0.9/share in 2024.Over the last 10 years (2014-2023), PKGS's net sales have increased at a CAGR of 25%. Similarly, the earn ...