Idrees Textile Mills Limited
Idrees Textile Mills Limited [PSX: IDRT] was incorporated in Pakistan as an unquoted public limited company in 1990. The company is engaged in the manufacturing and sale of yarn and fabric. Pattern of Shareholding As of June 30, 2025, IDRT has a total of 19.853 million shares outstanding which are held by 1544 shareholders. Directors, CEO, their spouse and minor children have the majority stake…
Idrees Textile Mills Limited (IDRT), a Pakistani unquoted public limited company, manufactures and sells yarn and fabric. As of June 30, 2025, the company had 19.853 million shares outstanding held by 1,544 shareholders, with 85.93 percent owned by directors, the CEO, their spouses, and minor children. IDRT's top line experienced a decline in 2023 and 2025, but only reported net profit in 2021 and 2022.
Gross margins improved in 2021 and 2022, but dipped in 2023 and 2025, reaching their lowest in 2025. Net margins also remained negative since 2023. In 2021, IDRT's net sales grew by 23.56 percent to Rs.4,002.48 million due to increased sales volume and higher yarn prices. The company saved on raw material costs by purchasing a mix of local and imported cotton, leading to an 88.74 percent increase in gross profit.
However, distribution expenses increased by 32.39 percent in 2021 due to higher freight and octroi charges. Administrative expenses were reduced by 7.47 percent in 2021. In 2022, IDRT's net sales increased by 29 percent year-on-year to Rs.5,166.17 million, driven by higher dispatches and upward price revisions. The cost of sales rose by 25.92 percent, but gross profit margins reached their optimum level at 15.46 percent.
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