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Textile Spinning

GSPM Gulshan Spinning Mills Limited

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 7.70 -2.53%

Financials

Gulshan Spinning Mills Limited (GSPM) financials

11 years of annual results (FY2016 – FY2026), 16 quarters.

Net debt stood at Rs 293.0 mn.

Fundamentals

GSPM at a glance

EPS – basic (Rs) · FY2026

Rs -2.00

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2026
—
Profit attributable · FY2026
—

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2026
Rs 95.0 mn
Equity · FY2026
Rs 3,786.05 tn

Cash flow

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

Operating cash flow · FY2026
-Rs 12.5 mn
Free cash flow · FY2026
-Rs 12.7 mn

Financial highlights

GSPM financial results

GSPM annual financial highlights (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 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 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017
Revenue — 0.0 0.0 0.0 0.0 0.0 — — — 15.3
Gross profit — (0.0) (0.6) (0.7) (0.8) (0.9) — (42.2) (95.5) (108.9)
Operating profit — (8.0) (9.5) (33.6) (21.4) (5.6) (2.3) (372.6) (46.6) (72.5)
Profit after tax — (8.0) (13.9) (33.6) 58.5 (88.9) (19.2) (656.4) (44.8) (26.7)
Profit attributable to shareholders — (8.0) (13.9) (33.6) 58.5 (88.9) (19.2) (656.4) (44.8) (26.7)
EPS – basic (Rs) Rs (2.00) (0.36) (0.63) (1.51) 2.63 (4.00) (0.86) (29.54) (2.02) (1.20)
Dividend per share (Rs) Rs — — — — — — 0.00 0.00 0.00 0.00
Total assets 95.0 201.2 200.9 527.6 549.5 1,729.5 1,819.9 1,876.0 2,557.6 2,657.0
Total equity (3,013.2) (2,968.8) (2,960.8) (2,946.9) (2,913.3) (2,971.8) (2,882.8) (2,863.7) (1,992.6) (1,131.3)
Total debt 309.7 296.2 287.7 275.3 262.7 269.4 0.6 37.6 37.6 2,868.0
Net cash from operating activities (12.5) (8.3) (12.8) (14.2) 119.9 (1.5) (2.8) 2.5 (17.1) 17.5
Capital expenditure (0.2) (1.0) — — — — — — — (0.1)
Free cash flow (operating cash flow − capex) (12.7) (9.3) — — — — — — — 17.5
GSPM 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Operating profit (44.2) (34.1) (3.3) (3.3) (3.4) (0.7) (4.7) (2.4) (0.1)
Profit after tax (44.4) (34.3) (3.3) (3.3) (3.4) (0.7) (4.7) (2.4) (0.1)
Profit attributable to shareholders (44.4) (34.3) (3.3) (3.3) (3.4) (0.7) (4.7) (2.4) (0.1)
EPS – basic (Rs) Rs (1.99) (1.54) (0.15) (0.15) (0.15) (0.03) (0.21) (0.11) (0.00)
Total assets 95.0 95.0 202.6 202.2 201.7 201.2 200.8 201.6 202.0
Total equity (3,013.2) (3,013.2) (2,978.9) (2,975.6) (2,972.3) (2,968.8) (2,968.1) (2,963.3) (2,960.9)
Total debt 309.7 309.7 308.0 304.2 300.1 296.2 295.3 291.2 288.9
Net cash from operating activities (12.9) (1.0) (3.9) (4.1) (3.8) (0.9) (4.6) (1.6) (1.2)
Capital expenditure (0.2) 0.0 0.0 0.0 (0.2) 0.0 0.0 (1.0) —
Free cash flow (operating cash flow − capex) (13.1) (1.0) (3.9) (4.1) (4.0) (0.9) (4.6) (2.6) —

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. Updated 16 Oct 2026.

GSPM charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 58 mn -Rs 656 mn Revenue FY17: Rs 15.3 mn Profit attributable FY17: -Rs 26.7 mn FY17 Profit attributable FY18: -Rs 44.8 mn FY18 Profit attributable FY19: -Rs 656.4 mn FY19 Profit attributable FY20: -Rs 19.2 mn FY20 Revenue FY21: Rs 0 Profit attributable FY21: -Rs 88.9 mn FY21 Revenue FY22: Rs 0 Profit attributable FY22: Rs 58.5 mn FY22 Revenue FY23: Rs 0 Profit attributable FY23: -Rs 33.6 mn FY23 Revenue FY24: Rs 0 Profit attributable FY24: -Rs 13.9 mn FY24 Revenue FY25: Rs 0 Profit attributable FY25: -Rs 8.0 mn FY25 FY26
Margins Gross margin Operating margin Net margin
Margins -132% -421% -710% Gross margin FY17: -710.1% Operating margin FY17: -472.5% Net margin FY17: -174.4% FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 120 mn -Rs 17 mn Operating cash flow FY17: Rs 17.5 mn Capex FY17: -Rs 53,000 Free cash flow FY17: Rs 17.5 mn FY17 Operating cash flow FY18: -Rs 17.1 mn FY18 Operating cash flow FY19: Rs 2.5 mn FY19 Operating cash flow FY20: -Rs 2.8 mn FY20 Operating cash flow FY21: -Rs 1.5 mn FY21 Operating cash flow FY22: Rs 119.9 mn FY22 Operating cash flow FY23: -Rs 14.2 mn FY23 Operating cash flow FY24: -Rs 12.8 mn FY24 Operating cash flow FY25: -Rs 8.3 mn Capex FY25: -Rs 1.0 mn Free cash flow FY25: -Rs 9.3 mn FY25 Operating cash flow FY26: -Rs 12.5 mn Capex FY26: -Rs 194,600 Free cash flow FY26: -Rs 12.7 mn FY26