Tri Pack Films Ltd

Tri-Pack Films has a debt-to-equity ratio of 3.98, indicating a highly leveraged capital structure. The company's liquidity position is assessed as medium, with a current ratio of 0.76, suggesting potential short-term liquidity constraints. Free cash flow is negative at -897.6 million PKR, while operating cash flow remains positive at 5.5 billion PKR. Profitability metrics show significant underperformance relative to industry norms. The company reports a negative return on equity of -7.69% and a negative return on assets of -1.1%, indicating poor capital efficiency and asset utilization. These metrics fall well below the typical performance benchmarks for the Non-Paper Containers & Packaging industry. The company's revenue is concentrated in Pakistan, with no disclosed international operations. Segment data is not available in the latest financials, but the business is described as focused on BOPP and CPP film production for food and non-food applications. Growth trajectory appears mixed. While operating income increased to 2.16 billion PKR, net income is negative at -366.7 million PKR. The company's capital expenditures of -2.06 billion PKR suggest ongoing investment in production capacity, but free cash flow remains negative. Risk factors include high leverage with long-term debt of 18.98 billion PKR and a debt-to-equity ratio of 3.98. The company has low dilution risk with shares outstanding unchanged at 38.8 million for both basic and diluted shares. The negative net cash position after subtracting total debt raises liquidity concerns. Recent financial filings show continued investment in production capacity with capital expenditures of -2.06 billion PKR. The company's operating cash flow remains positive despite negative net income, suggesting operational resilience amid financial challenges.