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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.
11 articles.
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Company · DSE:SINOBANGLA · Plastics and packaging: FIBC and woven polypropylene bags · Analysis · 02 Nov 2026
Sinobangla Industries: FY2025 turnover of BDT 2,865m was a ten-year high, with net margin of 1.3% and BDT 92.8m of financial expenses
A Munshiganj maker of jumbo bags (FIBC) and woven polypropylene bags; exports were 95% of FY2025 gross sales. Turnover rose 22.6% in FY2025, nine-month turnover to March 2026 fell 2.1%, and the board announced FY2026 EPS of BDT 1.34 and an 11% cash dividend on 29-Oct-2026.
Company · DSE:TAMIJTEX · Textiles: yarn spinning · Analysis · 01 Nov 2026
Tamijuddin Textile Mills: a 13.8m kg cotton and polyester yarn spinner with a 21.5% gross margin, finance cost of 69% of operating profit and four qualified audit opinions in a row
FY2026 EPS fell to BDT 4.29 from BDT 6.10 (restated); intercompany advances rose to BDT 1,555m by March 2026, and cash dividends since FY2023 have gone to general shareholders only.
Company · DSE:BBS · Engineering (pre-engineered steel buildings) · Analysis · 31 Oct 2026
Bangladesh Building Systems: FY2025 loss of BDT 96.5m on revenue of BDT 592.9m, finance cost of BDT 159.9m and a move to DSE category Z
The pre-engineered steel building maker reported revenue down 28.5% in FY2025 and finance cost equal to 27.0% of revenue. The FY2026 figures posted on DSE on 28-Oct-2026 show EPS of BDT (0.91), no dividend for a second year and a move to the Z category.
Company · DSE:FUWANGCER · Ceramics & glass · Analysis · 31 Oct 2026
Fu-Wang Ceramic Industry: FY2025 Finance Expenses of BDT 183.6m and Operating Profit of BDT 225.7m; borrowings of BDT 7.6bn, 4.6x equity, at March 2026
Turnover was flat at BDT 1,080m in FY2025 and gross margin rose to 26.2%, and profit after tax fell to BDT 14.3m. Borrowings reached BDT 7.60bn at March 2026, 4.6x equity. Nine-month EPS to March 2026 was BDT 0.01, the FY2025 audit opinion is qualified, and the FY2026 annual results are not yet announced.
Company · DSE:WATACHEM · Chemicals · Analysis · 31 Oct 2026
WATA Chemicals: finance expenses took 92.8% of FY2025 operating profit; a qualified FY2025 audit and FY2026 EPS of BDT 2.08 announced on DSE
The sulphuric acid and alum maker earned an operating profit of BDT 202.4m in FY2025 and paid finance expenses of BDT 187.9m, leaving profit after tax of BDT 11.0m. The auditor qualified the FY2025 accounts on five bases. The company announced FY2026 EPS of BDT 2.08 and a 15% cash dividend on 29-Oct-2026; the FY2026 audited report is not in the corpus at 1-Nov-2026.
Company · DSE:MONNOFABR · Textiles (knit composite) · Analysis · 31 Oct 2026
Monno Fabrics: FY2025 finance cost of BDT 367.3m against operating profit of BDT 379.4m; profit after tax BDT 5.1m; qualified audit with four bases
Revenue rose from BDT 474m (FY2017) to BDT 1,714m (FY2025) and the FY2025 gross margin was 24.8%, but finance cost equalled 96.8% of operating profit. Note 13.01 adds BDT 367.2m of interest to the long-term loan balances. FY2026 EPS was BDT 0.02 (announced 27-Oct-2026) and the cash dividend 0.10%, to public shareholders other than sponsors and directors.
Company · DSE:MONNOCERA · Ceramics & glass · Analysis · 31 Oct 2026
Monno Ceramic Industries: a porcelain tableware maker that has run without pipeline gas since June 2023; FY2025 finance cost of BDT 147m was 2.5x operating profit, and profit came from a share sale and scrap sales
Revenue fell from BDT 904m (FY2022) to BDT 303m (FY2024) after the gas line was disconnected, and exports went to zero. FY2025 gross margin recovered to 24.0%, the highest in ten years, but finance cost reached BDT 146.6m against operating profit of BDT 58.1m. The FY2025 audit opinion is qualified, BDT 395m sits in receivables from five group companies, and the board recommended no dividend for FY2026.
Company · DSE:BDTHAIFOOD · FMCG, food & tobacco · Analysis · 29 Oct 2026
BD Thai Food & Beverage: turnover down 71.6% to BDT 169.2m, BDT 134.0m loss, BDT 151.7m bank interest unpaid at June 2025
Turnover was BDT 595.5m in FY2024 and BDT 169.2m in FY2025; financial expenses were BDT 156.7m; the year ended with a net loss of BDT 134.0m and BDT 1.6m of cash. The FY2025 auditor drew attention to a 'Going Concern threat'. DSE-announced nine-month FY2026 EPS was BDT (0.73). The shares closed at BDT 16.3 on 29-Oct-2026, 1.39x March 2026 NAV.
Company · DSE:RDFOOD · FMCG, food & tobacco · Analysis · 29 Oct 2026
Rangpur Dairy & Food Products: revenue up 104% in five years, finance cost up 392%, EPS down to BDT 0.54
Revenue rose from BDT 611m (FY2020) to BDT 1244m (FY2025) and financial expenses from BDT 14.6m to BDT 71.9m; EPS fell from BDT 1.38 (FY2023) to BDT 0.61 (FY2025) and BDT 0.54 (FY2026, DSE-announced). The FY2025 audit opinion is qualified. The shares closed at BDT 20.8 on 29-Oct-2026, 38.5x FY2026 EPS and 1.20x June 2026 NAV.
Company · DSE:ESQUIRENIT · Textiles: knit composite garments · Analysis · 29 Oct 2026
Esquire Knit Composite: 45.6m knit pieces at USD 1.84 each, a 0.8% net margin in FY2025, and a FY2026 loss of BDT 2.68 a share
A knit-garment exporter whose company-only revenue reached BDT 10.1bn in FY2025 while financial expenses took 6.4% of it; BDT 2.77bn sat in capital work-in-progress for the Valuka building until 2025-26, and the consolidated FY2026 result announced on 29-Oct-2026 was a loss of BDT 2.68 a share.
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.