The flagship company of the prolific Sapphire Group, Sapphire Textile Mills Limited (PSX: SAPT) is a household name in the textile category. Incorporated as a public limited company in 1969, the company today boasts a market capitalisation north of Rs 31.6 billion. The vertically integrated textile unit manufactures cotton yarn, fabric, and home textile products (and more recently, power generation). It holds more than 10 percent share in the listed textile composite sector's sales.
Sapphire's manufacturing units are in Sindh and Punjab. The company has seven subsidiaries, of which three - Sapphire Home, Sapphire Tech, and Sapphire Solar - are soon to be sold off.

Stock Price and Pattern of Shareholding

SAPT stock largely remains within the company's owners, while the next chunk is with its associates and undertakings. Of these, the most notable are Sapphire Agencies and Amer Tex. Others include Sapphire Holding Limited, Salman Ismail (SMC-PRIVATE) Limited, Galaxy Agencies (Pvt) Limited, and Sapphire Power Generation Limited.

Despite its high profile, Sapphire stock isn't too hotly traded in Pakistan. With less than five percent of its shares in the market, the ticker makes a rare appearance on the exchange. However, trading activity increased from October, when the company announced its full-year results and a dividend of Rs 14 per share.