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Company valuation reports, peer comparisons, results notes, industry reports and macro views, built from company filings and official data and independently reviewed before publishing. Company reports show their full model as view-only sheets. Facts and estimates, not investment advice.

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Company · DSE:PREMIERCEM · Cement · Analysis · 29 Oct 2026
Premier Cement: the best gross margin of the four listed cement makers compared, eaten by interest and a turnover tax
Premier sold 2,816 kt in FY2025 at 49% utilisation and earned Tk 1,498 a tonne gross, but Tk 2.3bn of finance cost and an 84% tax rate left EPS at Tk 1.29. FY2026 EPS Tk 0.72; NCML and the power unit merged in January 2026.
Company · DSE:CONFIDCEM · Cement · Analysis · 29 Oct 2026
Confidence Cement: a 43%-utilised grinder carried by its power-plant associate
Confidence sold 524 kt from 1.2 mt of capacity in FY2025 and lost Tk 166m before associates; its 36% share of Confidence Power Holdings added Tk 1,208m but no cash dividend. The stake fell to 29.79% in FY2026.
Company · DSE:CROWNCEMNT · Cement · Analysis · 29 Oct 2026
Crown Cement: one of the largest grinders, but interest, the taka and tax take most of the margin
Crown sold 4,083 kt in FY2025 from 5,736 kt of capacity, buys clinker with US-dollar loans and earned a 2.0% net margin. FY2026 EPS Tk 5.08 after a weak nine months; 22.5% cash dividend.
Company · DSE:HEIDELBCEM · Cement · Analysis · 29 Oct 2026
Heidelberg Materials Bangladesh: debt-free, but imported clinker and parent fees leave little for shareholders
A grinder with 3,510 kt of capacity running at 52.5%, buying 87.5% of its clinker from the group and paying parent fees of 1.8 times its 2025 profit. H1 2026 loss Tk 111m.
Company · DSE:LHB · Cement · Initiation · 29 Oct 2026
Aggregates now earn 80% of LafargeHolcim's profit; cement margins carry the risk
Fair value Tk 18-42 (base 30) vs Tk 48.7. Imported clinker at ~US$53/t and energy squeezed cement to a Q3 loss; the Meghalaya quarry and aggregates carry the value.
Fair value ৳18–42 · price ৳48.70 (2026-10-29)