The Crescent Textile Mills Limited
By PSX Investors Zone · Updated October 22, 2026
The Crescent Textile Mills Limited (PSX: CRTM) is a Pakistani textile manufacturer involved in spinning, combing, weaving, dyeing, bleaching, printing and stitching, with products made from cotton and synthetic fibres. The company also generates and supplies electricity for its operations. For the financial year ended 30 June 2026, it reported sales of Rs.19.112 billion and profit after tax of Rs.53 million, compared with a loss of Rs.287.431 million in FY2025. The company was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026, based on accounts to 31 December 2025. Its debt-to-assets ratio was 36.27%, relatively close to the screening threshold. The official PSX profile also displays a Risk Warning Alert relating to continuous regulatory violations and potential suspension or delisting. Investors should review the latest financial disclosures, regulatory notices and Shariah screening before making investment decisions.
Company Overview
The Crescent Textile Mills Limited (PSX: CRTM), also known as Crestex, is a Pakistani textile manufacturing company listed on the Pakistan Stock Exchange. Its registered office and principal production facilities are located on Sargodha Road, Faisalabad, Punjab.
The company manufactures textile products through various stages of production, including spinning, combing, weaving, dyeing, bleaching, printing and stitching. Its operations cover yarn, cloth and other fabrics made from cotton and synthetic fibres. The company also has activities related to generating, distributing and supplying electricity.
Official sources:
Business Activities
Crescent Textile Mills operates in the textile value chain, with manufacturing processes that include spinning, weaving, processing and stitching. Its products and fabrics serve textile and home-furnishing markets.
The textile industry is exposed to changes in cotton and synthetic-fibre prices, energy tariffs, exchange rates, export demand, labour costs and competition from domestic and international producers. Financing costs and working-capital requirements can also influence profitability because manufacturers must finance raw materials, production and inventory before receiving payment from customers.
Investors should consider sales alongside gross margins, operating costs, finance costs and cash flow to understand whether the company is generating sustainable returns.
Financial Performance — FY2026
For the financial year ended 30 June 2026, the company reported the following results:
| Financial indicator | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs.19.112 billion | Rs.19.004 billion |
| Gross profit | Rs.1.984 billion | Rs.1.704 billion |
| Operating profit | Rs.711 million | Rs.582 million |
| Profit/(loss) before taxation | Rs.79 million | Loss of Rs.585 million |
| Profit/(loss) after taxation | Rs.53 million | Loss of Rs.287.431 million |
Source: FY2026 Annual Report. Figures are rounded where appropriate.
Sales increased by approximately 0.6% year over year, while gross profit improved by approximately 16%. The company returned to a small after-tax profit following a loss in FY2025.
The results indicate that improved gross profitability and lower finance costs contributed to the improvement in the reported bottom line. However, the after-tax profit margin remained very thin relative to revenue. Investors should therefore examine the audited statements, cash-flow position, finance costs, taxation and working-capital movements before drawing conclusions about the sustainability of the recovery.
Source: The Crescent Textile Mills Limited — Annual Report 2026
Shariah Compliance Status
The Crescent Textile Mills Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026, using accounts to 31 December 2025.
The official screening ratios were:
| Screening criterion | Reported ratio | Screening benchmark |
|---|---|---|
| Debt to total assets | 36.27% | Below 37% |
| Non-compliant investments to total assets | 0.69% | Below 33% |
| Non-compliant income to total revenue | 0.12% | Below 5% |
| Illiquid assets to total assets | 83.65% | At least 25% |
The debt-to-assets ratio is close to the stated screening threshold. Changes in borrowings, assets or future financial results could affect eligibility in a subsequent review.
These ratios relate to the specified screening period and should not be presented as the company's current ratios without an updated calculation. Investors following a Shariah-compliant strategy should confirm inclusion in the latest official screening and consult a qualified Shariah adviser regarding any applicable purification guidance.
Official screening source: PSX-KMI All Share Islamic Index Recomposition Notice
Important PSX Risk Warning Alert
The official PSX company profile displays a Risk Warning Alert (RWA) for The Crescent Textile Mills Limited. The notice states that the company is in continuous violation of requirements under clauses 5.11.1 or 5.11.2 of PSX regulations and carries a risk of suspension of trading or delisting from the Exchange.
This is a material regulatory consideration and should be clearly disclosed to readers. Investors should check the latest PSX notices and company announcements to determine whether the alert remains in force and to understand the circumstances behind it.
A Shariah-compliant screening classification does not eliminate regulatory, financial, liquidity or investment risks.
Official reference: PSX CRTM Company Profile and Risk Warning Alert
Dividends and Corporate Actions
For the third quarter and nine-month period ended 31 March 2026, the company reported no cash dividend, bonus shares or rights shares recommended by its board in the results announcement dated 29 April 2026.
For the full FY2026 year, investors should check the annual results and subsequent PSX announcements for any final dividend or other corporate action. Do not assume a dividend entitlement unless it has been confirmed in an official announcement.
Source: PSX Financial Results and Announcements
What Investors Should Monitor
Before evaluating CRTM shares, investors may wish to review:
- Profit margins: whether improvements in gross profit translate into stronger net earnings.
- Energy costs: the effect of electricity, gas and other utilities on manufacturing expenses.
- Raw-material prices: cotton and synthetic-fibre price movements.
- Export and domestic demand: changes in orders, product mix and customer demand.
- Finance costs: the company's ability to manage borrowing costs and working-capital needs.
- Cash flow: whether reported earnings are supported by cash generated from operations.
- Shariah screening: especially the debt-to-assets ratio, which was close to the screening limit in the stated review.
- Regulatory status: the latest updates regarding the PSX Risk Warning Alert.
Frequently Asked Questions
What is the PSX ticker for Crescent Textile Mills?
The company's Pakistan Stock Exchange symbol is CRTM.
Is Crescent Textile Mills Shariah-compliant?
It was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026, based on accounts to 31 December 2025. Investors should confirm its status in the latest official screening.
What does the company manufacture?
Its activities include spinning, combing, weaving, dyeing, bleaching, printing and stitching of yarn, cloth and fabrics made from cotton and synthetic fibres.
Did Crescent Textile Mills make a profit in FY2026?
Yes. It reported profit after tax of approximately Rs.53 million for the year ended 30 June 2026, compared with a loss of Rs.287.431 million in FY2025.
Does CRTM have a PSX regulatory warning?
Yes. Its official PSX profile displays a Risk Warning Alert concerning continuous regulatory violations and potential trading suspension or delisting. Check the PSX page for the latest status.
Disclaimer
This profile is for educational and informational purposes only and is not a recommendation to buy or sell shares. Financial performance, Shariah screening and regulatory status can change. Verify the latest official disclosures before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.