Companies/Consumer Discretionary/IMAG.PSX

IMAG.PSX—56

Image Pakistan Ltd

Textiles & Leather GoodsVerified

Score breakdown

Profitability+35Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion94AI synthesis40Observations3

The company maintains a conservative capital structure, with a debt-to-equity ratio of 0.31 and a current ratio of 2.8, indicating strong short-term liquidity [doc:HA-latest]. Free cash flow of PKR 694.8 million and operating cash flow of PKR 231.7 million support operational flexibility, though net cash is negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity of 17.76% and a return on assets of 10.66%, outperforming the typical industry benchmark for textile firms, which often hover around 10% ROE and 6% ROA [doc:HA-latest]. Gross profit of PKR 2.1 billion and operating income of PKR 1.1 billion reflect strong cost control and pricing power in its primary segment [doc:HA-latest]. The company operates as a single reportable segment, with all revenue derived from the sale of value-added fabric, including both stitched and unstitched suits [doc:HA-latest]. Geographic exposure is concentrated in Pakistan, with no disclosed international revenue streams, which may limit diversification benefits [doc:HA-latest]. Revenue of PKR 4.6 billion in the latest period suggests a stable growth trajectory, though no specific outlook is provided for the next fiscal year [doc:HA-latest]. Capital expenditures of PKR -320.6 million indicate a reduction in investment, potentially signaling a focus on cost optimization rather than expansion [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash after debt and a medium debt-to-equity ratio, which could constrain flexibility in capital-intensive industries [doc:HA-latest]. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible instruments [doc:HA-latest]. Recent events include the continued operation of wholly owned subsidiaries in e-commerce and international sales, including Amazon, though no specific filings or transcripts are cited in the input data [doc:HA-latest].

Profile

CompanyImage Pakistan Ltd

TickerIMAG.PSX

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryTextiles & Leather Goods

AI analysis

Business. Image Pakistan Limited is a Pakistan-based company engaged in the manufacturing and sale of embroidered fabric, ready-to-wear garments, and polyester filament yarn, with a primary focus on value-added fabric and printed lawn under the Image brand [doc:HA-latest].

Classification. Image Pakistan is classified under the Textiles & Leather Goods industry within the Consumer Cyclicals economic sector, with a confidence level of 0.92 based on verified market data [doc:HA-latest].

Key takeaways

Image Pakistan maintains strong liquidity with a current ratio of 2.8 and positive free cash flow.
The company outperforms industry norms in profitability, with ROE of 17.76% and ROA of 10.66%.
Revenue is entirely concentrated in a single segment and geographic market, increasing exposure to local economic conditions.
Capital expenditures are negative, suggesting a strategic shift toward cost control rather than expansion.
Liquidity risk is moderate, with net cash negative after debt, but dilution risk remains low.
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Financial snapshot

PeriodHA-latest

CurrencyPKR

Revenue$4.60B

Gross profit$2.12B

Operating income$1.13B

Net income$759.7M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$231.7M

CapEx-$320.6M

Free cash flow$694.8M

Total assets$7.12B

Total liabilities$2.85B

Total equity$4.28B

Cash & equivalents—

Long-term debt$1.31B

Annual history (last 5)

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Valuation

Market price—

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Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$4.28B

Net cash-$1.31B

Current ratio2.8

Debt/Equity0.3

ROA10.7%

ROE17.8%

Cash conversion30.0%

CapEx/Revenue-7.0%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Textiles & Leather Goods · cohort 271 companies

MetricIMAG.PSXActivity

Op margin24.6%4.3% medp25 -0.2% · p75 8.6%top quartile

Net margin16.5%2.3% medp25 -0.6% · p75 6.5%top quartile

Gross margin46.2%17.4% medp25 10.3% · p75 28.8%top quartile

CapEx / revenue-7.0%-2.9% medp25 -6.0% · p75 -1.1%bottom quartile

Debt / equity31.0%46.3% medp25 9.2% · p75 99.3%below median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 04:13 UTC#ea733384

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 04:15 UTCJob: 9f92e5d2