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MWMP Mandviwala Mauser Plastic Industries

Latest results: FY2025 · Jun 2025 Q4 FY2026 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 86.39 -1.61%

Financials

Mandviwala Mauser Plastic Industries (MWMP) financials

13 years of annual results (FY2007 – FY2025), 41 quarters.

Mandviwala Mauser Plastic Industries (MWMP) reported revenue of Rs 1.1 bn for FY2025 (Jul 2024 – Jun 2025), up 0.7% from FY2024.

Profit attributable to shareholders was Rs 73.2 mn (EPS Rs 2.55), down 32.3%, a net margin of 6.6%.

No cash dividend was declared for FY2025.

Net debt stood at Rs 303.2 mn.

Return on equity was 84.1%.

At Rs 86.39 (close on 16 Oct 2026) the shares trade at 33.9× earnings (FY2025) and 21.03× book value.

Fundamentals

MWMP at a glance

Revenue · FY2025

Rs 1.1 bn

▲ 0.7% year on year

Profit attributable to shareholders · FY2025

Rs 73.2 mn

▼ 32.3% year on year

EPS – basic (Rs) · FY2025

Rs 2.55

▼ 32.3% year on year

Dividend per share (Rs) · FY2025

Rs 0.00

Net margin · FY2025

6.6%

-3.2 pts year on year

Debt to equity · FY2025

256.8%

-170.9 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2025
Rs 1.1 bn
Profit attributable · FY2025
Rs 73.2 mn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2025
Rs 548.7 mn
Equity · FY2025
Rs 118.1 mn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2025
-Rs 12.0 mn
Free cash flow · FY2025
-Rs 19.0 mn

Financial highlights

MWMP financial results

MWMP annual financial highlights (Rs mn)
Rs mn FY2025 * Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 * Jul 2020 – Jun 2021 FY2014 * Jul 2013 – Jun 2014 FY2013 * Jul 2012 – Jun 2013 FY2012 * Jul 2011 – Jun 2012 FY2011 Jul 2010 – Jun 2011 FY2010 Jul 2009 – Jun 2010
Revenue 1,116.0 1,108.6 619.8 458.2 123.1 0.0 16.9 44.1 57.3 203.5
Gross profit 190.0 239.8 93.7 33.8 0.0 (8.8) (14.3) (1.0) (12.3) 20.4
Operating profit 132.9 197.9 67.4 15.1 (12.8) (13.7) (27.1) (17.1) (41.1) (17.9)
Profit after tax 73.2 108.1 40.7 11.7 (6.7) (9.7) 3.1 (2.9) (43.7) (19.0)
Profit attributable to shareholders 73.2 108.1 40.7 11.7 (6.7) (9.7) 3.1 (2.9) (43.7) (19.0)
EPS – basic (Rs) Rs 2.55 3.76 1.42 0.41 (0.23) (1.32) 0.42 (0.40) (5.94) (2.59)
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total assets 548.7 442.6 376.1 254.1 187.9 — 143.1 181.0 190.0 216.7
Total equity 118.1 55.9 (53.3) (82.8) (94.8) — (263.1) (266.2) (269.4) (226.1)
Total debt 303.3 239.0 297.7 206.2 145.3 — 185.2 220.5 228.4 228.4
Net cash from operating activities (12.0) 72.8 (59.7) (57.3) (83.7) — 34.3 (2.1) 3.5 8.4
Capital expenditure (7.0) (3.1) (40.0) (2.6) (3.1) — (0.1) (0.2) (0.1) (0.2)
Free cash flow (operating cash flow − capex) (19.0) 69.7 (99.7) (59.9) (86.8) — 34.3 (2.3) 3.5 8.2
MWMP quarterly financial highlights (Rs mn)
Rs mn TTM to Jun 2026 Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 1,878.9 685.3 403.7 338.2 451.7 286.1 346.8 247.2 235.9
Gross profit 441.8 200.4 95.5 55.3 90.6 44.6 80.6 27.6 42.8
Operating profit 366.7 182.3 74.8 37.4 72.3 28.1 64.3 13.7 32.3
Profit after tax 214.2 107.7 41.9 16.5 48.1 8.6 46.9 0.7 18.9
Profit attributable to shareholders — — 41.9 16.5 48.1 8.6 46.9 0.7 18.9
EPS – basic (Rs) Rs — — 1.46 0.57 1.67 0.30 1.63 0.03 0.66
Dividend per share (Rs) Rs — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total assets 1,050.4 1,050.4 910.0 615.6 519.1 548.7 422.1 480.9 499.4
Total equity 337.9 337.9 224.6 182.7 166.2 118.1 120.5 73.6 72.9
Total debt 443.8 443.8 493.7 298.0 195.3 303.3 191.2 302.7 289.7
Net cash from operating activities 240.6 337.2 (115.5) (106.2) 125.1 (72.0) 128.0 (6.9) (59.5)
Capital expenditure — — — (5.6) (1.8) (0.6) (5.1) (0.8) (0.5)
Free cash flow (operating cash flow − capex) — — — (111.8) 123.3 (72.5) 122.9 (7.8) (60.0)

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2025 figures do not fully reconcile in the source data. Updated 16 Oct 2026.

MWMP charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 1 bn -Rs 44 mn Revenue FY10: Rs 203.5 mn Profit attributable FY10: -Rs 19.0 mn FY10 Revenue FY11: Rs 57.3 mn Profit attributable FY11: -Rs 43.7 mn FY11 Revenue FY12: Rs 44.1 mn Profit attributable FY12: -Rs 2.9 mn FY12 Revenue FY13: Rs 16.9 mn Profit attributable FY13: Rs 3.1 mn FY13 Revenue FY14: Rs 42,385 Profit attributable FY14: -Rs 9.7 mn FY14 Revenue FY21: Rs 123.1 mn Profit attributable FY21: -Rs 6.7 mn FY21 Revenue FY22: Rs 458.2 mn Profit attributable FY22: Rs 11.7 mn FY22 Revenue FY23: Rs 619.8 mn Profit attributable FY23: Rs 40.7 mn FY23 Revenue FY24: Rs 1.1 bn Profit attributable FY24: Rs 108.1 mn FY24 Revenue FY25: Rs 1.1 bn Profit attributable FY25: Rs 73.2 mn FY25
Margins Gross margin Operating margin Net margin
Margins 2,603% -14,819% -32,240% Gross margin FY10: 10.0% Gross margin FY11: -21.5% Gross margin FY12: -2.2% Gross margin FY13: -84.6% Gross margin FY14: -20,746.0% Gross margin FY21: 0.0% Gross margin FY22: 7.4% Gross margin FY23: 15.1% Gross margin FY24: 21.6% Gross margin FY25: 17.0% Operating margin FY10: -8.8% Operating margin FY11: -71.8% Operating margin FY12: -38.9% Operating margin FY13: -160.2% Operating margin FY14: -32,239.9% Operating margin FY21: -10.4% Operating margin FY22: 3.3% Operating margin FY23: 10.9% Operating margin FY24: 17.8% Operating margin FY25: 11.9% Net margin FY10: -9.3% Net margin FY11: -76.2% Net margin FY12: -6.6% Net margin FY13: 18.4% Net margin FY14: -22,964.2% Net margin FY21: -5.5% Net margin FY22: 2.5% Net margin FY23: 6.6% Net margin FY24: 9.7% Net margin FY25: 6.6% FY10 FY11 FY12 FY13 FY14 FY21 FY22 FY23 FY24 FY25
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 73 mn -Rs 100 mn Operating cash flow FY10: Rs 8.4 mn Capex FY10: -Rs 192,043 Free cash flow FY10: Rs 8.2 mn FY10 Operating cash flow FY11: Rs 3.5 mn Capex FY11: -Rs 63,370 Free cash flow FY11: Rs 3.5 mn FY11 Operating cash flow FY12: -Rs 2.1 mn Capex FY12: -Rs 206,637 Free cash flow FY12: -Rs 2.3 mn FY12 Operating cash flow FY13: Rs 34.3 mn Capex FY13: -Rs 65,250 Free cash flow FY13: Rs 34.3 mn FY13 FY14 Operating cash flow FY21: -Rs 83.7 mn Capex FY21: -Rs 3.1 mn Free cash flow FY21: -Rs 86.8 mn FY21 Operating cash flow FY22: -Rs 57.3 mn Capex FY22: -Rs 2.6 mn Free cash flow FY22: -Rs 59.9 mn FY22 Operating cash flow FY23: -Rs 59.7 mn Capex FY23: -Rs 40.0 mn Free cash flow FY23: -Rs 99.7 mn FY23 Operating cash flow FY24: Rs 72.8 mn Capex FY24: -Rs 3.1 mn Free cash flow FY24: Rs 69.7 mn FY24 Operating cash flow FY25: -Rs 12.0 mn Capex FY25: -Rs 7.0 mn Free cash flow FY25: -Rs 19.0 mn FY25