Sapphire Textile Mills Limited (STML) is principally engaged in manufacturing and sale of yarn, fabrics, home textile products, finishing, stitching and printing of fabrics.
STML through its subsidiaries engaged in business of renewable energy by setting up wind energy power plants and selling of textile goods through retail outlets / online stores. STML through its subsidiary {Sapphire Chemicals (Private) Limited} intends to setup soda ash manufacturing facility with a capacity of 220,000 tons per annum.
YARN
WOVEN FABRIC
HOME TEXTILE
FINISHING &
WIND POWER PLANTS
RETAIL STORES
PRINTING OF FABRIC
2.5 million Meters
164,072 Spindles
435 Looms
6.5 million Meters
202 MW
45 Retail Outlets
per month
per month
02
Strategic / Operational
Developments
Strategic / Operational Developments
Spinning segment:
The Company has undertaken capacity enhancement / balancing modernization and replacement (BMR) of spinning segment. During the year 2023, the Company make addition of 6,608 spindles and 440 rotors to meet demand of high quality yarn in both international and domestic market.
Weaving segment:
The Company has undertaken to enhance capacity / Balancing, modernization and replacement of weaving segment and made addition of 5 looms during the year 2023.
Finishing and Printing segment:
The Company has successfully increased its finishing & printing segment capacity to 6.5 million meters per month from 3.6 million meters per month by investing Rs. 3.4 billion.
03 Historical Financial Highlights
Rs in million
Sales
80,000
72,837
61,373
60,000
34,253
34,030
38,471
40,000
20,000
-
20192020
Rs in million Gross Profit
15,000
11,859
10,370
202120222023
Rs in million
Net Profit
8,000
7,016
6,000
10,000
5,406 4,835 6,350
4,000
3,263
3,291
2,559
5,000
-
2019
2020
2021
2022
2023
2,000
1,179
-
2019
2020
2021
2022
2023
Rs in million
Total Assets
75,716
80,000
70,643
51,798
60,000
43,563
44,446
40,000
20,000
-
2019
2020
2021
2022
2023
Rs in million
CAPEX
Times
Current Ratio
7,000
6,000
1.50
1.14
1.35
1.40
1.28
1.27
6,000
4,488
5,000
1.00
4,000
2,581
2,654
3,000
1,453
0.50
2,000
1,000
-
-
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
04
Financial Results 2023 vs 2022
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Sapphire Textile Mills Ltd. published this content on 14 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:37:56 UTC.
Sapphire Textile Mills Limited is a Pakistan-based company engaged in manufacturing and sale of yarn, fabrics, home textile products, finishing, stitching and printing of fabrics. The Company's segments include Spinning; Weaving; Processing, printing, Home Textile and Textile Retail, and Power Generation. It manufactures cotton yarn, fabric and home textile products. Its manufacturing units are located in Sind and Punjab and consist of approximately 164,072 spindles, 3,120 rotors, 360 looms and 215 stitching machines. Its subsidiaries include Sapphire Wind Power Company Limited, which is engaged in operating 52.80 megawatts (MW) at Jhimpir Sindh; Sapphire Retail Limited, which is engaged in operating Sapphire brand retail outlets for the sale of textile and other products, and Triconboston Consulting Corporation (Private) Limited, which operates three projects having capacity of 50 MW each in Jhimpir Sindh.
SAPPHIRE TEXTILE MILLS LIMITED 
