Skip to content
Smart Money
Create free account Log in

Textile Spinning

HIRAT Hira Textile Mills Limited

Latest results: FY2024 · Jun 2024 Q3 FY2025 · Jan – Mar 2025

Watch HIRAT · free results alerts

Last close · 16 Oct 2026

Rs 5.69 -1.90%

Annual · FY2005 – FY2024

Hira Textile Mills Limited (HIRAT) balance sheet

At the end of FY2024 (Jul 2023 – Jun 2024) Hira Textile Mills Limited had total assets of Rs 2.9 bn, down 5.0% on FY2023. Current assets of Rs 66.1 mn covered current liabilities of Rs 1.6 bn 0.04 times. Total debt was Rs 2.0 bn, net debt Rs 2.0 bn. Shareholders' equity was -Rs 577.4 mn (Rs -6.67 per share), -19.6% of total assets.

HIRAT balance sheet (annual) (Rs mn)
Rs mn FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 * Jul 2020 – Jun 2021 FY2020 * Jul 2019 – Jun 2020
Assets
Cash & short-term investments 0.1 5.9 0.9 7.8 9.6
Trade receivables 0.2 0.0 1.5 93.7 184.2
Inventories 0.0 0.2 4.2 440.6 326.2
Other current assets — — — — —
Total current assets 66.1 94.6 109.8 702.5 815.8
Property, plant & equipment 2,831.4 2,957.5 3,091.4 3,221.0 2,358.0
Long-term investments — 0.0 0.0 0.0 0.0
Other non-current assets 50.5 49.6 49.6 49.7 48.1
Total non-current assets 2,881.9 3,007.1 3,141.0 3,270.7 2,406.1
Total assets 2,948.0 3,101.7 3,250.8 3,973.2 3,222.0
Liabilities
Trade payables 447.0 410.7 455.1 610.3 558.7
Short-term borrowings & current portion of debt 402.0 335.0 335.0 713.2 847.7
Total current liabilities 1,591.7 1,439.4 1,061.1 1,779.6 1,776.0
Long-term debt 1,591.4 1,588.7 1,586.1 1,188.8 1,141.2
Other non-current liabilities — — 175.8 68.1 14.9
Total non-current liabilities 1,933.7 1,958.5 2,119.7 1,565.8 1,377.0
Total liabilities 3,525.4 3,397.9 3,180.7 3,345.4 3,153.0
Equity
Share capital 865.8 865.8 865.8 865.8 865.8
Reserves & retained earnings (1,525.7) (1,244.4) (878.2) (320.4) (879.3)
Equity attributable to shareholders (577.4) (296.2) 70.1 627.8 69.0
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity (577.4) (296.2) 70.1 627.8 69.0
Total liabilities & equity 2,948.0 3,101.7 3,250.8 3,973.2 3,222.0
Key figures
Total debt 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Net debt / (net cash) 1,993.4 1,917.7 1,920.2 1,894.1 1,979.3
Shares outstanding mn 86.6 86.6 86.6 86.6 86.6
Common equity (577.4) (296.2) 70.1 627.8 69.0
Book value per share (Rs) Rs (6.67) (3.42) 0.81 7.25 0.80
HIRAT balance sheet — year-on-year change (Rs mn)
Rs mn FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 * Jul 2020 – Jun 2021 FY2020 * Jul 2019 – Jun 2020
Assets
Cash & short-term investments -98.9% +574.8% -88.8% -18.5% +15.6%
Trade receivables — -100.0% -98.4% -49.2% -69.6%
Inventories -100.0% -95.2% -99.1% +35.1% +13.2%
Other current assets — — — — —
Total current assets -30.1% -13.9% -84.4% -13.9% -30.0%
Property, plant & equipment -4.3% -4.3% -4.0% +36.6% -3.6%
Long-term investments — — — — -100.0%
Other non-current assets +1.8% 0.0% -0.1% +3.2% +45.8%
Total non-current assets -4.2% -4.3% -4.0% +35.9% -5.6%
Total assets -5.0% -4.6% -18.2% +23.3% -13.2%
Liabilities
Trade payables +8.8% -9.7% -25.4% +9.2% -31.0%
Short-term borrowings & current portion of debt +20.0% 0.0% -53.0% -15.9% -39.6%
Total current liabilities +10.6% +35.6% -40.4% +0.2% -27.8%
Long-term debt +0.2% +0.2% +33.4% +4.2% +1.7%
Other non-current liabilities — — +158.1% +357.7% +88.5%
Total non-current liabilities -1.3% -7.6% +35.4% +13.7% +1.9%
Total liabilities +3.8% +6.8% -4.9% +6.1% -17.3%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings — — — — —
Equity attributable to shareholders — -522.5% -88.8% +810.2% —
Non-controlling interest — — — — —
Total equity — -522.5% -88.8% +810.2% —
Total liabilities & equity -5.0% -4.6% -18.2% +23.3% -13.2%
Key figures
Total debt +3.6% +0.1% +1.0% -4.4% -21.2%
Net debt / (net cash) +3.9% -0.1% +1.4% -4.3% -21.4%
Shares outstanding — — — — —
Common equity — -522.5% -88.8% +810.2% —
Book value per share (Rs) — -522.5% -88.8% +810.2% —

Change against the previous fiscal year; shown when the earlier figure is positive.

HIRAT balance sheet — common size (Rs mn)
Rs mn FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 * Jul 2020 – Jun 2021 FY2020 * Jul 2019 – Jun 2020
Assets
Cash & short-term investments 0.0% 0.2% 0.0% 0.2% 0.3%
Trade receivables 0.0% 0.0% 0.0% 2.4% 5.7%
Inventories 0.0% 0.0% 0.1% 11.1% 10.1%
Other current assets — — — — —
Total current assets 2.2% 3.0% 3.4% 17.7% 25.3%
Property, plant & equipment 96.0% 95.4% 95.1% 81.1% 73.2%
Long-term investments — 0.0% 0.0% 0.0% 0.0%
Other non-current assets 1.7% 1.6% 1.5% 1.3% 1.5%
Total non-current assets 97.8% 97.0% 96.6% 82.3% 74.7%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 15.2% 13.2% 14.0% 15.4% 17.3%
Short-term borrowings & current portion of debt 13.6% 10.8% 10.3% 17.9% 26.3%
Total current liabilities 54.0% 46.4% 32.6% 44.8% 55.1%
Long-term debt 54.0% 51.2% 48.8% 29.9% 35.4%
Other non-current liabilities — — 5.4% 1.7% 0.5%
Total non-current liabilities 65.6% 63.1% 65.2% 39.4% 42.7%
Total liabilities 119.6% 109.5% 97.8% 84.2% 97.9%
Equity
Share capital 29.4% 27.9% 26.6% 21.8% 26.9%
Reserves & retained earnings (51.8%) (40.1%) (27.0%) (8.1%) (27.3%)
Equity attributable to shareholders (19.6%) (9.5%) 2.2% 15.8% 2.1%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity (19.6%) (9.5%) 2.2% 15.8% 2.1%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 67.6% 62.0% 59.1% 47.9% 61.7%
Net debt / (net cash) 67.6% 61.8% 59.1% 47.7% 61.4%
Common equity (19.6%) (9.5%) 2.2% 15.8% 2.1%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 163
HIRAT balance sheet — all reported line items (Rs mn)
Rs mn FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020
Cash & Cash Equivalents 0.1 5.9 0.9 7.8 9.6
Cash & Short Term Investments 0.1 5.9 0.9 7.8 9.6
Short-Term Investments - Total — — — — —
Loans & Receivables - Net - Short-Term 0.2 0.0 1.5 93.7 184.2
Loans & Receivables - Total 0.2 0.0 1.5 93.7 184.2
Trade Accounts & Trade Notes Receivable - Net 0.2 0.0 1.5 93.7 184.2
Income Tax - Receivables - Short-Term — — — — —
Receivables - Other - Total — — — — —
Inventories - Total 0.0 0.2 4.2 440.6 326.2
Inventories - Raw Materials — — — — —
Inventories - Work in Progress — — — — —
Inventories - Finished Goods 0.0 0.0 0.0 402.6 288.8
Inventories - Other - Total 0.0 0.2 4.2 37.9 37.4
Prepaid Expenses - Short-Term 65.8 88.5 103.3 160.4 295.8
Investments - Total — 0.0 0.0 0.0 0.0
Other Current Assets - Total — — — — —
Property, Plant & Equipment - Net - Total 2,831.4 2,957.5 3,091.4 3,221.0 2,358.0
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Current Assets — — — — —
Other Assets - Total 50.5 49.6 49.6 49.7 48.1
Total Current Assets 66.1 94.6 109.8 702.5 815.8
Investments - Long-Term — 0.0 0.0 0.0 0.0
Investments - Available for Sale/Held to Maturity - Long-Term — 0.0 0.0 0.0 0.0
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 2,831.4 2,957.5 3,091.4 3,221.0 2,358.0
Land & Buildings - Net — — — — —
Land/Improvements - Net — — — — —
Buildings - Net — — — — —
Plant, Machinery & Equipment - Net — — — — —
Transportation Equipment - Net — — — — —
Computer Software & Equipment - Net — — — — —
Construction in Progress - Net — — — — —
Property, Plant & Equipment - Under Capital Lease - Net — — — — —
Right of Use Tangible Assets - Total - Net 48.8 51.8 55.0 58.4 62.3
Right of Use Tangible Assets - Capital/Finance Lease - Net 48.8 51.8 55.0 58.4 62.3
Property, Plant & Equipment - Other - Net 2,782.5 2,905.7 3,036.4 3,162.6 2,295.7
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Transportation Equipment - Gross — — — — —
Computer Software & Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Total Assets 2,948.0 3,101.7 3,250.8 3,973.2 3,222.0
Property, Plant & Equipment - Other - Gross — — — — —
Debt - Total 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Short-Term Debt & Current Portion of Long-Term Debt 402.0 335.0 335.0 713.2 847.7
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Land & Buildings - Accumulated Depreciation & Impairment — — — — —
Land/Improvements - Accumulated Depreciation & Impairment — — — — —
Buildings - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt including Capitalized Leases 67.1 — — — 38.4
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment — — — — —
Transportation Equipment - Accumulated Depreciation & Impairment — — — — —
Capitalized Leases - Current Portion 1.5 — — — 2.1
Computer Software & Equipment - Accumulated Depreciation & Impairment — — — — —
Short-Term Debt & Notes Payable 335.0 335.0 335.0 713.2 809.3
Debt - Long-Term - Total 1,591.4 1,588.7 1,586.1 1,188.8 1,141.2
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment — — — — —
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt excluding Capitalized Leases 65.6 — — — 36.3
Capitalized Lease Obligations - Long-Term 1.6 2.4 3.1 3.1 4.9
Long-Term Debt excluding Capitalized Leases 1,589.8 1,586.3 1,583.0 1,185.7 1,136.3
Other Non-Current Assets - Total 50.5 49.6 49.6 49.7 48.1
Debt - Non-Convertible - Long-Term 1,589.8 1,586.3 1,583.0 1,185.7 1,136.3
Dividends Payable 2.8 2.8 2.8 2.8 2.8
Deferred Tax & Investment Tax Credits - Long-Term 342.3 369.8 357.8 309.0 220.9
Deferred Tax - Liability - Long-Term 342.3 369.8 357.8 309.0 220.9
Payables & Accrued Expenses 447.0 410.7 455.1 610.3 558.7
Trade Account Payables - Total 447.0 410.7 455.1 610.3 558.7
Other Non-Current Assets 50.5 49.6 49.6 49.7 48.1
Accrued Expenses — — — — 0.0
Total Liabilities 3,525.4 3,397.9 3,180.7 3,345.4 3,153.0
Shareholders' Equity - Attributable to Parent Shareholders - Total (577.4) (296.2) 70.1 627.8 69.0
Total Non-Current Assets 2,881.9 3,007.1 3,141.0 3,270.7 2,406.1
Common Equity Attributable to Parent Shareholders (577.4) (296.2) 70.1 627.8 69.0
Common Equity - Contributed 948.3 948.3 948.3 948.3 948.3
Common Stock - Issued & Paid 865.8 865.8 865.8 865.8 865.8
Equity - Non-Contributed - Reserves & Retained Earnings (1,525.7) (1,244.4) (878.2) (320.4) (879.3)
Retained Earnings - Total (3,116.9) (2,859.6) (2,518.5) (1,961.0) (1,799.7)
Trade Accounts Payable & Accruals - Short-Term 447.0 410.7 455.1 610.3 558.7
Comprehensive Income - Accumulated - Total 1,109.7 1,133.6 1,158.8 1,159.0 438.9
Trade Accounts & Trade Notes Payable - Short-Term 447.0 410.7 455.1 610.3 558.7
Accrued Expenses - Short-Term — — — — 0.0
Other Reserves/Equity - Total 481.5 481.5 481.5 481.5 481.5
Dividends/Distributions Payable 2.8 2.8 2.8 2.8 2.8
Other Current Liabilities - Total 739.9 690.9 268.3 453.4 366.9
Common Equity - Total (577.4) (296.2) 70.1 627.8 69.0
Deferred Income - Short-Term — — — — —
Common Stock - Additional Paid in Capital including Option Reserve 82.5 82.5 82.5 82.5 82.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt (577.4) (296.2) 70.1 627.8 69.0
Total Liabilities & Equity 2,948.0 3,101.7 3,250.8 3,973.2 3,222.0
Other Current Liabilities 739.9 690.9 268.3 453.4 366.9
Revaluation Reserves 1,109.7 1,133.6 1,158.8 1,159.0 438.9
Total Current Liabilities 1,591.7 1,439.4 1,061.1 1,779.6 1,776.0
Other Non-Current Liabilities - Total — — 175.8 68.1 14.9
Provisions - Long-Term — — 0.0 24.1 14.9
Post Employment Benefits - Pension & Other - Long-Term — — 0.0 24.1 14.9
Deferred Revenue - Long-Term — — 175.8 44.0 —
Other Non-Current Liabilities — — — — —
Total Non-Current Liabilities 1,933.7 1,958.5 2,119.7 1,565.8 1,377.0
Common Shares - Issued - Total mn 86.6 86.6 86.6 86.6 86.6
Common Shares - Outstanding - Total mn 86.6 86.6 86.6 86.6 86.6
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 87.0 87.0 87.0 87.0 87.0
Common Shares - Issued - Issue Specific mn 86.6 86.6 86.6 86.6 86.6
Common Shares - Outstanding - Issue Specific mn 86.6 86.6 86.6 86.6 86.6
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific — — 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 48.8 51.8 55.0 58.4 62.3
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 48.8 51.8 55.0 58.4 62.3
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 2,782.5 2,905.7 3,036.4 3,162.6 2,295.7
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental 3.1 2.4 3.1 3.1 7.0
Debt including Finance and Operating Lease Liabilities - Supplemental 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Net Debt 1,993.4 1,917.7 1,920.2 1,894.1 1,979.3
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Capital Lease Maturities - Remaining Maturities — — — — —
Capital Lease Maturities - Interest Costs — — — — —
Capital Lease Maturities - Due in Year 6 & Beyond — — — — —
Asset Accruals 2,947.9 3,095.8 3,250.0 3,965.4 3,212.4
Cash & Cash Equivalents - Total 0.1 5.9 0.9 7.8 9.6
Cash & Short Term Investments - Total 0.1 5.9 0.9 7.8 9.6
Debt - including Preferred Equity & Minority Interest - Total 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Investments - Permanent — 0.0 0.0 0.0 0.0
Net Book Capital 1,415.9 1,621.6 1,990.3 2,521.9 2,048.3
Net Operating Assets 1,415.9 1,621.6 1,990.3 2,521.9 2,048.3
Provisions - Total 342.3 369.8 357.8 333.0 235.7
Shareholders Equity - Common (577.4) (296.2) 70.1 627.8 69.0
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity (577.4) (296.2) 70.1 627.8 69.0
Tangible Book Value (577.4) (296.2) 70.1 627.8 69.0
Total Book Capital 1,416.0 1,627.5 1,991.2 2,529.8 2,057.9
Total Capital 1,416.0 1,627.5 1,991.2 2,529.8 2,057.9
Total Long Term Capital 1,356.2 1,662.3 2,189.7 2,193.7 1,446.0
Unearned Revenue - Total — — 175.8 44.0 —
Book Value excluding Other Equity (1,058.9) (777.7) (411.4) 146.3 (412.5)
Accruals - Short-Term (1,525.7) (1,350.7) (952.1) (1,084.9) (969.8)
Cash & Short Term Investments - Net of Debt (1,993.4) (1,917.7) (1,920.2) (1,894.1) (1,979.3)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 67.1 — — — 38.4
Total Fixed Assets - Net 2,881.9 3,007.1 3,141.0 3,270.7 2,406.1
Working Capital (1,525.6) (1,344.8) (951.2) (1,077.1) (960.2)
Interest Bearing Liabilities - Total 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Working Capital - Non-Cash (1,525.7) (1,350.7) (952.1) (1,084.9) (969.8)
Working Capital excluding Other Current Assets & Liabilities (785.7) (653.9) (683.0) (623.7) (593.3)
Net Debt Including Preferred Equity & Minority Interest 1,993.4 1,917.7 1,920.2 1,894.1 1,979.3
Other Short-Term & Long-Term Assets - Total 50.5 49.6 49.6 49.7 48.1
Other Short-Term & Long-Term Liabilities - Total 739.9 690.9 268.3 453.4 366.9
Total Current Assets excluding Total Inventories 66.1 94.4 105.7 261.9 489.7
Tangible Book Value excluding Other Equity (1,058.9) (777.7) (411.4) 146.3 (412.5)
Total Debt Excluding Islamic 1,993.4 1,923.6 1,921.1 1,901.9 1,988.9
Trade Accounts & Trade Notes Receivable - Net - Total 0.2 0.0 1.5 93.7 184.2
Current Liabilities excluding Current Debt - Total 1,189.7 1,104.4 726.1 1,066.4 928.4
Cash in Hand & with Banks - Total 0.1 5.9 0.9 7.8 9.6
Current Assets excluding Cash & Short Term Investments - Total 66.0 88.7 109.0 694.7 806.2
Cash, Short Term Investments & Accounts Receivable - Total 0.3 5.9 2.4 101.5 193.8

Every line the company reported, in the original order and wording, without regrouping or signs changed.