Edgars Stores Limited

Retail - Zimbabwe Stock Exchange

Edgars Stores Limited retails a range of high-quality casualwear clothing, footwear and accessories for children, ladies and gents in branded stores in Zimbabwe. The company operates three divisions: Edgars Chain, Jet Chain and Manufacturing. Its core business is casualwear and accessories with a subsidiary division providing funeral and hospital insurance services.
Registered address

Corner 9th Avenue / Herbert Chitepo Street, P O Box 894, Bulawayo

Contact number

+263-29 2 881626-35


ZW 000 901 123 1

Fiscal Year End


Group CEO

Tjeludo Ndlovu


Themba N Sibanda





Annual General Meeting

Notice is hereby given that the 73rd Annual General Meeting of members will be held virtually at https://escrowagm.com/eagmZim/Login.aspx on Thursday 25 August 2022 at 08:30 hours.

Provisional Half Year Results

Previous Year Release

Full Year End
Half Year End
Provisional Full Year Results

Previous Year Release


ZWL cents 0.00 / 0.00%

315.00 - 710.00



Friday, 5th August 2022

148 million

Year on Year (ZWL)

Friday, 5th August 2022  E.O.D.

Sales ZWL cents -
Value ZWL 0.00
Volume 0
Market cap ZWL 3,625,667,960
Shares issued 604,247,781

Financial statements ratios and analysis

P/E ratio -14.03
Div. yield 0.00%
EPS -42.78
P/B ratio 2.90
EV / EBITDA -28.86

ZWL 6.9 billion

Revenue for Year Ending December 2021
Net Income


EBITDA Margin for Year Ending December 2021

All values in ZWL

 9 Jan 202210 Jan 20215 Jan 20206 Jan 20197 Jan 2018
Attributable PAT558,853,774(322,122,363)80,248,70291,867,6223,978,799
Shareholders funds2,439,978,2471,973,135,9691,325,044,340249,085,76730,381,256
Net interest bearing debt1,234,013,998(110,423,517)228,652,59310,468,1552,368,603
Cash on hand448,839,177451,173,72739,841,24241,132,6432,296,428
Interest bearing debt1,682,853,175340,750,210268,493,83551,600,7984,665,031
Net current assets1,605,388,6581,221,667,0161,136,403,919240,632,36526,655,418
Chairman Themba N Sibanda
Group CEO Tjeludo Ndlovu
Company Secretary Sikhumbuzo Mate
Transfer Secretary Corpserve Registrars (Pvt) Ltd (zw)
Tjeludo Ndlovu (Group CEO)
Happiness Vundla (Group CFO)
Themba N Sibanda (Chairman)
Raymond Mlotshwa
Canaan F Dube
M. Hosack

December 2021

Name Holding Percentage
Bellfield Limited 132,859,743 40.63%
ZIMEDGROUP Employee Trust 35,950,445 10.99%
SCB Nominees 033663900002 25,383,895 7.76%
Stanbic Nominees (PVT) LTD. 20,777,876 6.35%
Old Mutual Life Ass Co Zim Ltd 16,334,959 5.00%