Yousaf Weaving Mills Limited - Corporate Briefing 2022
Yousaf Weaving Mills Limited held a corporate briefing session for the year ended June 30, 2022, outlining company information, major customers, operational performance, future outlook, and core management details. The session highlighted the company's incorporation, registered office, listing on the Pakistan Stock Exchange, key customers, management team, machinery upgrades, and operational performance in the weaving segment. The company has shown consistent operating profitability and investment in new machinery to enhance production capacity.
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Presentation Transcript
YOUSAF WEAVING MILLS LIMITED Corporate Briefing Session For the Year Ended June 30, 2022
Presentation Outlines Company Information 1 Major Customers 2 Operating Performance 3 Future Outlook / Challenges 4 Question/Answer Session 5
Company Information Incorporated on January 17, 1988 Registered Office: 7/1, E-3, Main Boulevard, Gulberg III, Lahore Mills: (i) Weaving Unit: 49-Km, Multan Road, Bhai Phero. (ii) Spinning Unit: 7-Km, Multan Road, Pattoki. Listed on Pakistan Stock Exchange on 1988 Company Symbol: YOUW Member of All Pakistan Textile Mills Association and Lahore Chamber of Commerce Auditors : M/s. Aslam Malik & Company, Chartered Accountants Share Registrar : M/s. Corplink (Pvt) Limited Legal Advisor : M/s. Irshad & Irshad Advocates
Major Customers Nishat Chunian Limited Saya Weaving Mills Limited Azgard Nine Limited US Denim Mills (Private) Limited Union Fabrics (Private) Limited Roomi Fabrics Limited Liberty Textile Mills Limited Lucky Textile Mills Limited
Company Information CORE MANAGEMENT Khawaja Mohammad Nadeem, CEO Nadeem Anwar, Company Secretary Chaudhary Mohammad Amjad, Executive Director Tahir Tajamal, CFO
Company Information The Company has started its operations with SULZER Looms and enhanced its production capacity gradually. In year 2006, the management implemented a BMR plan and replace all sulzer looms with new air jet looms. Over the years the Company has upgraded its machinery with the assistance of directors, who always provide monetary support in shape of long term and short term loans to meet capex and cash flow requirements.
Operational Performance Weaving Segment The current financial year proved better for the Company since it remained consistent in achieving operating profitability which is evident from the profit after tax. The Company has successfully installed and made operational new sizing machinery and solar system which will reduce our production cost in the up- coming periods.
Operational Performance 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 Weaving Production (Sq. Meters) 30,000,000 20,000,000 Spinning Production (Kgs) 10,000,000 - 2016 2017 2018 2019 2020 2021 2022 Actual Production Per Annum
Operational Performance No. of Employees No. of Employees 1200 1000 800 600 No. of Employees 400 200 0 Number of Employees
Operational Performance Share Price (Rs.) Share Price (Rs.) 8.00 7.00 6.00 5.00 4.00 Share Price (Rs.) 3.00 2.00 1.00 - 2016 2017 2018 2019 2020 2021 2022 To-date Share Price Over the Years
YOUSAF WEAVING MILLS LIMITED : 2022 VS 2021 2022 2022 2021 2021 Operating Profit / ( Loss ) Operating Profit / ( Loss ) (Rs in Million) Sales Revenue Sales Revenue (Rs in Million) 30 30 723 723 45 45 1,244 1,244 Earning per Share (Rs/Share) Earning per Share Profit / ( Loss ) After Tax Profit / ( Loss ) After Tax (Rs in Million) 0.19 0.19 17 17 0.25 0.25 22 22 Equity Equity Return on Equity (%) Return on Equity (Rs in Million) (48) (48) (35) (35) 306 306 7 7
Financial Performance of Five Years 2022 2021 2020 2019 2018 Rupees in "000" Sales Cost of Sales Gross Profit (Loss) Operating Profit / (Loss) Profit / (Loss) before Tax Profit / (Loss) after Tax 1,244,911 (1,147,284) 97,627 44,963 37,977 22,379 723,253 (639,115) 84,138 30,646 28,092 17,180 415,495 (447,000) (31,505) (71,677) (69,177) (75,481) 1,325,506 (1,317,244) (51,534) (63,939) (74,291) 1,947,147 (2,002,675) (55,528) (114,016) (3,286) (164,981) 8,262 Paid up Capital Equity Non-Current Liabilties Current Liabilites Non-Current Assets Current Assets 900,000 306,604 97,889 1,148,030 1,048,674 503,849 900,000 (48,554) 35,553 1,166,897 1,003,877 150,020 900,000 (314,018) 32,431 1,073,900 853,739 131,984 900,000 (80,153) 21,492 1,115,055 871,656 184,737 900,000 (197,704) 101,703 1,078,798 800,205 182,592 Earning / Loss per Share (Rs.) Break-up value per share (Rs.) Current Ratio Gearing Ratio 0.25 3.41 0.19 (0.54) 0.13 : 1 108% (0.84) (3.49) 0.10 : 1 187% (0.83) (0.89) 0.14 : 1 120% (2.20) (2.20) 0.17 : 1 144% 0.44 : 1 68%
Future Outlook Our economy is suffering due to political instability, the drastic increase in the US $ exchange rate, a slowdown in local as well as export markets, stagflation, and the rapid surge in energy prices. Considering all these factors the management expects that the upcoming fiscal year would be very tough for the economy and especially the textile industry.
Future Challenges Political instability Exorbitant tariff of electricity and gas Short term borrowings from banks Effect of inflation Revival of exports
