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Company · DSE:AMANFEED · FMCG, food & tobacco (animal feed) · Analysis · 31 Oct 2026
Aman Feed: BDT 9.6bn of feed sales, a 10.8% gross margin and BDT 5.7bn of bank loans left FY2026 EPS at BDT 0.24
Tonnes sold fell 21% from FY2023 to FY2025, finance costs and credit-loss charges took most of a BDT 631m operating profit, and FY2026 EPS was BDT 0.24; the shares trade at 121x that EPS and 1.05x NAV.
Company · DSE:INDEXAGRO · Food: animal feed and poultry · Analysis · 29 Oct 2026
Index Agro Industries: a feed and day-old-chick producer whose FY2025 gross margin was the highest in eight years while financial expenses rose 56% and FY2026 EPS fell to BDT 4.10
Feed is about three quarters of revenue; short-term bank loans of BDT 2.2-2.6bn since June 2023 sit beside an inventory that sat at 290 days of cost of sales in FY2025; the FY2025 audit was qualified on a tax balance that the company has since restated; the board recommended a 12.5% cash dividend for FY2026.