Gross Profit % Net Profit %

Gross Profit % = (Gross Profit / Sales ) * 100 Net Profit % = (PBIT / Sales) * 100Nishat Mills Nishat Mills

2010 2010Gross Profit 5,980.185 Sales 31,535.65

Gross Profit % 18.9632545 19

2011 2011Gross Profit 7,846.45Sales 48,565.14

Gross Profit % 16.15654017 16

2012 2012Gross Profit 6,789.19Sales 44,924.10

Gross Profit % 15.11258066 15

2013 2013Gross Profit 9,044.49Sales 52,426.03

Gross Profit % 17.25189758 17

Gul Ahmed Gul Ahmed2010 2010

Gross Profit 3,172.86Sales 19,688.79

Gross Profit % 16.11505509 16

2011 2011Gross Profit 4,626.62Sales 25435.465

Gross Profit % 18.18964977 18

2012 2012Gross Profit 3,543.70Sales 25,063.92

Gross Profit % 14.13865602 14

2013 2013Gross Profit 4,699.25Sales 30201.588

Gross Profit % 15.55961892 16

Net Profit % Return on Assets

Net Profit % = (PBIT / Sales) * 100 Return on Assets = (PAT / Total Assets) * 100Nishat Mills

2010PBIT 4,412.99 PAT 2,915.46Sales 31,535.65 Total Assets 46,182.31

Net Profit % 13.9936593 14 ROA 6.312938

2011PBIT 7,012.96 PAT 4,843.91Sales 48565.144 Total Assets 54,088.90

Net Profit % 14.4403155 14.44 ROA 8.955463

2012PBIT 5,842.11 PAT 3,528.57Sales 44924.101 Total Assets 56,626.38

Net Profit % 13.0044005 13 ROA 6.231313

2013PBIT 7,974.43 PAT 5,846.85Sales 52,426.03 Total Assets 80,634.59

Net Profit % 15.2108294 15.21 ROA 7.251048

Gul Ahmed2010

PBIT 1,652.83 PAT 477.533Sales 19,688.79 Total Assets 14,599.69

Net Profit % 8.39477522 8.4 ROA 3.270843

2011PBIT 2,635.44 PAT 1,196.46Sales 25435.465 Total Assets 20,404.68

Net Profit % 10.3612613 ROA 5.86364

2012PBIT 1,374.05 PAT 240 neg. ig.Sales 25063.924 Total Assets 17,718.76

Net Profit % 5.48216632 ROA 1.356551

2013PBIT 2,068.65 PAT 702.078Sales 30,201.59 Total Assets 21,188.93

Net Profit % 6.84946765 ROA 3.313419

Return on Assets Assets Turnover Ratio

Return on Assets = (PAT / Total Assets) * 100 Assets Turnover Ratio = PBIT / Capital EmployedNishat Mills Nishat Mills

2010Sales 31,535.65 L.T.Liab. 2,980.69Equity 31,376.31

AT Ratio 0.917881089

2011Sales 48,565.14 L.T.Liab. 3,372.60 Equity 35393.959

AT Ratio 1.252758828

2012Sales 44924.101L.T.Liab. 3,736.88Equity 37,762.75

AT Ratio 1.082518057

2013Sales 52426.03L.T.Liab. 3,649.15Equity 58,917.04

AT Ratio 0.837929187

Gul Ahmed Gul Ahmed2010

Sales 19,688.79 L.T.Liab. 2,429.25 Equity 3,595.77

AT Ratio 3.267843118

2011Sales 25,435.47 L.T.Liab. 2,497.26 Equity 4,712.87

AT Ratio 3.52773867

2012

Sales 25,063.92 L.T.Liab. 2,096.43 Equity 4,472.51

AT Ratio 3.815519731

2013Sales 30,201.588 L.T.Liab. 2,154.999 Equity 5,428.502

AT Ratio 3.982538936

Return on Capital Employed Return on Equity

ROCE = (PBIT / Capital Employed) * 100 ROE = (PAT / Equity) * 100Nishat Mills

2010 2010PBIT 4,412.99 PAT 2,915.46 L.T.Liab. 2,980.69 Equity 31,376.31 Equity 31,376.31

ROE 9.291917122ROCE 12.84451524

20112011 PAT 4,843.91

PBIT 7,012.96 Equity 35,393.96 L.T.Liab. 3,372.60 Equity 35,393.96 ROE 13.68570269

ROCE 18.09023268 2012PAT 3528.567

2012 Equity 37762.749PBIT 5842.11L.T.Liab. 3736.883 ROE 9.344041664Equity 37762.749

2013ROCE 14.07749833 PAT 5846.853

Equity 58917.0352013

PBIT 7974.434 ROE 9.923875158L.T.Liab. 3649.147Equity 58917.035

ROCE 12.74559793

Gul Ahmed2010 2010

PBIT 1,652.83 PAT 477.53 L.T.Liab. 2,429.25 Equity 3,595.77 Equity 3,595.77

ROE 13.2804285ROCE 27.43280843

20112011 PAT 1,196.46

PBIT 2,635.44 Equity 4,712.87 L.T.Liab. 2,497.26 Equity 4,712.87 ROE 25.38699855

ROCE 36.55182228 2012PAT 240.36

2012 Equity 4,472.51

PBIT 1,374.05 L.T.Liab. 2,096.43 ROE 5.374254138Equity 4,472.51

2013ROCE 20.91731376 PAT 702.078

Equity 5428.5022013

PBIT 2068.648 ROE 12.9331812L.T.Liab. 2154.999Equity 5428.502

ROCE 27.27827161

Return on Equity

ROE = (PAT / Equity) * 100

Earning Per Share Price Earning (P-E) Ratio

EPS = Earnings (Profit After Tax) / No. of Shares P-E Ratio = Market Value Per Share / EPSNishat Mills Nishat Mills

2010 2010Earnings 2,915.46 No. of Shares 351,599.85

EPS 8.2919859510292

2011 2011Earnings 4,843.91 No. of Shares 351,599.85

EPS 13.776775011575

2012 2012Earnings 3,528.57 No. of shares 351,599.85

EPS 10.035746659367

2013 2013Earnings 5,846.85 No. of shares 351,599.85

EPS 16.629281933023

Gul Ahmed Gul Ahmed2010 2010

Earnings 477.53 No. of shares 63,478.55

EPS 7.5227461094416 7.5

2011 2011Earnings 1,196.46 No. of shares 63,478.55

EPS 18.848209949604 18.85

2012 2012Earnings 240.36 neg. ig.No. of shares 126,957.10

EPS 1.8932695183891 1.89

2013 2013Earnings 702.08 No. of shares 152,348.52

EPS 4.6083678597064 4.61

Price Earning (P-E) Ratio Earning Yield

P-E Ratio = Market Value Per Share / EPS E.Y. = EPS / Market Value Per ShareNishat Mills

2010M.V. of Share 43.12 EPS 8.291986EPS 8.291985951 M.V. of Share 43.12

P-E Ratio 5.20 E.Y. 19.23002

2011M.V. of Share 50.34 EPS 13.77678EPS 13.776775012 M.V. of Share 50.34

P-E Ratio 3.6539756189 E.Y. 27.36745

2012M.V. of Share 47.58 EPS 10.03575EPS 10.035746659 M.V. of Share 47.58

P-E Ratio 4.7410523218 E.Y. 21.09236

2013M.V. of Share 94.21 EPS 16.62928EPS 16.629281933 M.V. of Share 94.21

P-E Ratio 5.6653077613 E.Y. 17.65129

Gul Ahmed2010

M.V. of Share 18.53 EPS 7.522746EPS 7.5227461094 M.V. of Share 18.53

P-E Ratio 2.4631962491 E.Y. 40.59766

2011M.V. of Share 51.73 EPS 18.84821EPS 18.84820995 M.V. of Share 51.73

P-E Ratio 2.7445577133 E.Y. 36.43574

2012M.V. of Share 21.11 EPS 1.89327EPS 1.8932695184 M.V. of Share 21.11

P-E Ratio 11.1500237 E.Y. 8.968591

2013M.V. of Share 23.74 EPS 4.608368EPS 4.6083678597 M.V. of Share 23.74

P-E Ratio 5.1514984747 E.Y. 19.41183

Earning Yield Dividend Yield

E.Y. = EPS / Market Value Per Share D.Y. = Divid. Per Share / Market Value Per ShareNishat Mills Nishat Mills

2010DPS 1.37936M.V. of Share 43.12

D.Y. 3.198887

2011DPS 2.50001M.V. of Share 50.34

D.Y. 4.96625

2012DPS 3.29999M.V. of Share 47.58

D.Y. 6.935666

2013DPS 3.49999M.V. of Share 94.21

D.Y. 3.715094

Gul Ahmed Gul Ahmed2010

DPS 0.86956M.V. of Share 18.53

D.Y. 4.692715

2011DPS 1.25001M.V. of Share 51.73

D.Y. 2.416412

2012DPS 0M.V. of Share 21.11

D.Y. 0

2013DPS 0M.V. of Share 23.74

D.Y. 0

Dividend Cover Dividend Payout Ratio

Divid. Cover = Earnings (PAT) / Total Dividend Dividend Payout = DPS / EPSor EPS/ DPS Nishat Mills

2010 2010EPS 8.291986 DPS 1.37936DPS 1.37936 EPS 8.291986

DC 6.011473 DP 16.63486

2011 2011EPS 13.77678 DPS 2.50001DPS 2.50001 EPS 13.77678

DC 5.510688 DP 18.14655

2012 2012EPS 10.03575 DPS 3.29999DPS 3.29999 EPS 10.03575

DC 3.041145 DP 32.88236

2013 2013EPS 16.62928 DPS 3.49999DPS 3.49999 EPS 16.62928

DC 4.751237 DP 0.210472

Gul Ahmed2010 2010

EPS 7.522746 DPS 0.86956DPS 0.86956 EPS 7.522746

DC 8.65121 DP 0.115591

2011 2011EPS 18.84821 DPS 1.25001DPS 1.25001 EPS 18.84821

DC 15.07845 DP 0.06632

2012 2012EPS 1.89327 DPS 0DPS 0 EPS 1.89327

DC #DIV/0! DP 0

2013 2013EPS 4.608368 DPS 0DPS 0 EPS 4.608368

DC #DIV/0! DP 0

Dividend Payout Ratio

Dividend Payout = DPS / EPS

Current Ratio Assets Test Ratio / Quick Ratio

Current Ratio = Current Assets / Current Liabilities Q.R. = C.A. - Invent. - Prepayments / C.L.Nishat Mills Nishat Mills

2010 2010C.A. 11,732.928 C.L. 10,568.415

Current Ratio 1.11018804617 1.11

2011C.A. 18,441.96 C.L. 15,322.35 2011

Current Ratio 1.20359867798 1.2

2012C.A. 19,847.67 C.L. 15,126.75

Current Ratio 1.31209081183 1.31 2012

2013C.A. 27,204.56 C.L. 18,068.41

Current Ratio 1.50564200108 1.51

2013

Gul Ahmed Gul Ahmed2010 2010

C.A. 8,350.60 C.L. 8,574.68

Current Ratio 0.97386735993

2011C.A. 13,616.58

C.L. 13,194.55 2011

Current Ratio 1.03198518539

2012C.A. 11,057.51 C.L. 10,915.21

Current Ratio 1.01303676366 2012

2013C.A. 14,205.97 C.L. 13,292.16

Current Ratio 1.0687479739

2013

Assets Test Ratio / Quick Ratio

Q.R. = C.A. - Invent. - Prepayments / C.L.

C.A. 11,732.93 Inventory 6,414.92 Prepaid 5.939 C.L. 10,568.42

Quick Ratio 0.50263639344

C.A. 18,441.96 Inventory 10,906.62 Prepaid 46.09 C.L. 15,322.35

Quick Ratio 0.48877903773

C.A. 19,847.67 Inventory 10,549.27 Prepaid 39.89 C.L. 15,126.75

Quick Ratio 0.61206196889

C.A. 27,204.56 Inventory 12,808.14 Prepaid 38.81 C.L. 18,068.41

Quick Ratio 0.79462467427

C.A. 8,350.60 Inventory 4,943.90 Prepaid 47.94 C.L. 8,574.68

Quick Ratio 0.39170644172

C.A. 13,616.58 Inventory 10,334.36 Prepaid 40.49 C.L. 13,194.55

Quick Ratio 0.24568711951

C.A. 11,057.51 Inventory 7,415.45 Prepaid 27.36 C.L. 10,915.21

Quick Ratio 0.33116140974

C.A. 14,205.97 Inventory 9,673.82 Prepaid 46.72 C.L. 13,292.16

Quick Ratio 0.33744924357

Debit to Equity Ratio (Gearning Ratio) Total Gearing Ratio

DTE = (Long Term Liabilities / Equity) * 100 TG = (LT Liab. / Total Equity) * 100Nishat Mills Nishat Mills

2010 2010LT Liab. 2,980.69 Equity 3,516.00

DTE Ratio 84.78

2011LT Liab. 3,372.60 2011Equity 3,516.00

DTE Ratio 95.92

2012LT Liab. 3,736.88 Equity 3,516.00 2012

DTE Ratio 106.28

2013LT Liab. 3,649.15 Equity 3,516.00

2013DTE Ratio 103.79

Gul Ahmed Gul Ahmed2010 2010

LT Liab. 2,429.25 Equity 634.79

DTE Ratio 382.69

2011LT Liab. 2,497.26 2011Equity 634.79

DTE Ratio 393.40

2012LT Liab. 2,096.43 Equity 1,269.57 2012

DTE Ratio 165.13

2013LT Liab. 2,155.00 Equity 1,523.49

2013DTE Ratio 141.45

Total Gearing Ratio Interest Cover

TG = (LT Liab. / Total Equity) * 100 Interest Cover = (P.B.I.T / Interest Expense) * 100Nishat Mills

2010LT Liab. 2,980.69 PBIT 4,412.99 Equity 3,516.00 Int. Exp. 1,126.92 Reserves 27,860.31

Int. Cover 3.92 TG Ratio 9.50

2011PBIT 7,012.96

LT Liab. 3,372.60 Int. Exp. 1,601.05 Equity 3,516.00 Reserves 31,877.96 Int. Cover 4.38

TG Ratio 9.53 2012PBIT 5,842.11 Int. Exp. 1,760.54

LT Liab. 3,736.88 Equity 3,516.00 Int. Cover 3.32 Reserves 34,246.75

2013TG Ratio 9.90 PBIT 7,974.43

Int. Exp. 1,617.58

LT Liab. 3,649.15 Int. Cover 4.93 Equity 3,516.00 Reserves 55,401.04

TG Ratio 6.19

Gul Ahmed2010

LT Liab. 2,429.25 PBIT 1,652.83 Equity 634.79 Int. Exp. 944.60 Reserves 2,960.98

Int. Cover 1.74976154TG Ratio 67.56

2011PBIT 2,635.44

LT Liab. 2,497.26 Int. Exp. 1,097.98 Equity 634.79 Reserves 4,078.09 Int. Cover 2.40025556

TG Ratio 52.99 2012PBIT 1,374.05 Int. Exp. 1,375.46

LT Liab. 2,096.43 Equity 1,269.57 Int. Cover 0.998969801Reserves 3,202.94

2013TG Ratio 46.87 PBIT 2,068.65

Int. Exp. 1,227.52

LT Liab. 2,155.00 Int. Cover 1.685225495Equity 1,523.49 Reserves 3,905.02

TG Ratio 39.70

Interest Cover

Interest Cover = (P.B.I.T / Interest Expense) * 100

Inventory Holding Period Receivable Collection Period

IHP = (Av. Inv. (cl. stock) / Cost of Sales) * 365 RCP = (Av. Receivables / Credit Sales or Sales) * 365Nishat Mills Nishat Mills

2010 2010Avg. Inv. 6,414.92 Avg. Rec.COS 25,555.46 Sales

IHP 91.62211331 RCP

2011 2011Avg. Inv. 10,906.62 Avg. Rec.COS 40,718.70 Sales

IHP 97.76631679 RCP

2012 2012Avg. Inv. 10,549.27 Avg. Rec.COS 38,134.91 Sales

IHP 100.9700538 RCP

2013 2013Avg. Inv. 12,808.14 Avg. Rec.COS 43,381.55 Sales

IHP 107.7640527 RCP

Gul Ahmed Gul Ahmed2010 2010

Avg. Inv. 4,943.90 Avg. Rec.COS 16,515.93 Sales

IHP 109.2596374 RCP

2011 2011Avg. Inv. 10,334.36 Avg. Rec.COS 20,808.84 Sales

IHP 181.2710779 RCP

2012 2012Avg. Inv. 7,415.45 Avg. Rec.COS 21,707.74 Sales

IHP 124.6854516 RCP

2013 2013

Avg. Inv. 9,673.82 Avg. Rec.COS 25,689.34 Sales

IHP 137.447833 RCP

Receivable Collection Period Payable Recovery Period

RCP = (Av. Receivables / Credit Sales or Sales) * 365 PRP = (Av. Pay. / Cr. or Total Purchase or COS) * 365Nishat Mills

2010 132.86 Avg. Pay. 1,287.90 31,535.65 COS 25,555.46

1.537771843 PRP 18.39466764

2011 602.39 Avg. Pay. 1,374.52 48,565.14 COS 40,718.70

4.527392012 PRP 12.3211073

2012 34.87 Avg. Pay. 1,827.23 44,924.10 COS 38,134.91

0.283296042 PRP 17.48894425

2013 36.00 Avg. Pay 2,268.05 52,426.03 COS 43,381.55

0.250624928 PRP 19.08271178

Gul Ahmed2010

137.26 Avg. Pay. 918.13 19,688.79 COS 16,515.93

2.544645193 PRP 20.29055396

2011 159.83 Avg. Pay. 1,923.05 25,435.47 COS 20,808.84

2.293567269 PRP 33.73140088

2012 169.61 Avg. Pay. 1,730.76 25,063.92 COS 21,707.74

2.470019459 PRP 29.10141184

2013

346.43 Avg. Pay 2,828.62 30,201.59 COS 25,689.34

4.186752862 PRP 40.18964322