Key Takeaways
- The Organic Meat Company Limited (TOMCL) has expanded its export markets to include the USA and Europe.
- The company's total outstanding shares as of June 30, 2026, stand at 196.340 million, held by 14,516 shareholders.
- TOMCL's financial performance shows a significant year-on-year growth in topline, with a dip in 2026.
The Organic Meat Company Limited (TOMCL), a leading exporter of halal meat and allied products, has expanded its export markets to include the USA and Europe, tapping into new opportunities in the pet food raw material sector.
According to the company's latest financial report, TOMCL has a total of 196.340 million shares outstanding, held by 14,516 shareholders. The majority stake of 47.05 percent is held by directors, CEO, their spouse, and minor children, followed by local general public with 39.18 percent shares.
Local companies account for 7.45 percent of TOMCL's shares, while banks, development financial institutions, and non-banking financial institutions hold 2.80 percent. Insurance companies and modarabas & mutual funds collectively hold 1.81 and 1.68 percent of the shares, respectively. The remaining 0.03 percent are held by foreign general public.
Financially, TOMCL's topline grew significantly over the period under consideration, with a year-on-year dip in 2026. The company's bottomline followed a similar trajectory until 2023, followed by a steep fall thereafter. Margins fluctuated, with a notable improvement in 2023, followed by a decline until 2026, except for a stronger operating margin in 2024.
In 2021, the net export volume of meat dropped by 10 percent year-on-year. However, frozen meat and frozen offal exports grew by 78 percent and 1016 percent, respectively. The export of fresh chilled meat, which constituted 49 percent of TOMCL's business, dropped by 36 percent year-on-year due to poor sales in the CIS market. Despite this, the company managed to post a 16 percent year-on-year topline growth in 2021, with net sales of Rs. 3927.82 million.
Cost of sales increased from Rs. 437 per kg to Rs. 498 per kg in 2021, driven by higher procurement costs and depreciation charges due to increased fixed assets. This pushed the gross profit margin down to 16.54 percent, a marginal 4.44 percent rise in gross profit in absolute terms. The gross profit margin was 18.38 percent in 2020.
While the company reduced its advertisement and promotion charges in 2021, higher clearing and forwarding charges pushed the distribution expense up by 34.10 percent year-on-year. Administrative expenses remained largely unchanged during the year. Allowance for doubtful debt provided some relief.
TOMCL's strategic expansion into new markets and its diverse shareholder base indicate the company's resilience and adaptability in the competitive meat export industry.
For further updates on TOMCL's financial performance and market expansion, please refer to the company's official reports and announcements.
