AnalystBro Research
Research
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.
15 articles.
Bangladesh All Bangladesh research →
Company · DSE:CENTRALPHL · Pharmaceuticals & healthcare · Analysis · 31 Oct 2026
Central Pharmaceuticals: adverse audit opinion on FY2025, turnover of BDT 33.1m and sponsors at 7.67%
A Z-category DSE drug maker with one factory in Mirpur, Dhaka: seven years of filings, an auditor's adverse opinion on the FY2025 accounts, BDT 268.5m of Janata Bank loans carried without change since before June 2022, and FY2026 results announced on 27-Oct-2026.
Company · DSE:DACCADYE · Textiles: home-textile weaving, dyeing and printing · Analysis · 31 Oct 2026
Dacca Dyeing: frozen bank loans of BDT 1,252m, a qualified FY2025 audit with a going-concern paragraph, and NAV per share of BDT (18.23) at March 2026
A Tongi home-textile mill: dyeing and printing output was 10.5% of installed capacity in FY2025 (derived); Titas Gas disconnected its gas on 26-Jul-2023; NAV per share was BDT (16.99) at 31-Dec-2025 after the company recognised additional bank interest (DSE 1-Feb-2026).
Company · DSE:ALLTEX · Textiles: woven fabric dyeing and printing (home textile) · Analysis · 31 Oct 2026
Alltex Industries: a qualified FY2025 audit, BDT 3,075m of bank loans against BDT 379.5m of turnover, and FY2026 EPS of BDT 0.27
A Rupganj home-textile dyeing and printing mill that used 1.11% of its stated capacity in FY2025 and had no export sales; Bangladesh Bank re-fixed its loans at three banks in 2025 and the auditor qualified the accounts on going concern and loan interest.
Company · DSE:LRBDL · Fuel, refining & lubricants · Analysis · 31 Oct 2026
Lub-rref (Bangladesh): FY2025 net loss of BDT 662.7m, a qualified audit on seven bases, and a 9M FY2026 loss of BDT 322.7m
The BNO Lubricants maker reported FY2025 revenue of BDT 646.1m, financial expenses on loan of BDT 444.9m and a net loss of BDT 662.7m. Its auditor qualified the accounts on seven bases, including assets of an estimated Tk. 114.92 Crore that could not be traced and an unspent IPO balance.
Company · DSE:IBP · Pharmaceuticals & healthcare · Analysis · 31 Oct 2026
Indo-Bangla Pharmaceuticals: revenue of BDT 184.2m in FY2025 against BDT 866.1m in FY2020, a qualified audit with a going-concern paragraph, and 9M FY2026 profit of BDT 2.8m
The Barishal-based tablet and capsule maker reported net losses of BDT 41.0m in FY2024 and BDT 36.8m in FY2025. Its auditor qualified the FY2025 accounts on four bases and reported a material uncertainty on going concern. Nine-month FY2026 revenue was BDT 134.8m, against BDT 76.9m a year earlier.
Company · DSE:ATLASBANG · Autos & motorcycles · Analysis · 31 Oct 2026
Atlas Bangladesh: ten loss years to FY2025, a qualified audit with a going-concern paragraph, and 9M FY2026 sales of BDT 157m
The BSEC-controlled motorcycle assembler lost BDT 40.9m in FY2025 on sales of BDT 180.3m; the auditor qualified the accounts and drew attention to a material uncertainty on going concern. Nine-month FY2026 sales rose 46% and gross profit was BDT 2.6m.
Company · DSE:BDFINANCE · Financial Institutions · Analysis · 31 Oct 2026
Bangladesh Finance: negative equity of BDT 5.32bn, interest expense 3.97 times interest income, and a 2025 profit built on provision write-backs
A Z-category finance company whose solo equity has been negative since 2024, whose net interest income was minus BDT 1,058.5m in 2025, and whose BDT 143.1m profit came from BDT 1,775.0m of general-provision reversals. The auditor added an emphasis of matter on going concern; the opinion is unmodified.
Company · DSE:BPML · Plastics, packaging & paper · Analysis · 31 Oct 2026
Bashundhara Paper Mills: revenue fell 54% in FY2025, finance costs reached BDT 3.8bn and NAV per share fell to BDT 7.09 by June 2026
FY2025 revenue was BDT 6.04bn against BDT 13.16bn, the loss was BDT 3.30bn, and the DSE-announced FY2026 loss per share is BDT 42.74; borrowings were BDT 29.9bn at March 2026.
Company · DSE:GBBPOWER · Power: independent power producer (gas, idle) · Analysis · 29 Oct 2026
GBB Power: no turnover since the Bogura PPA ended on 17 June 2023, FY2025 profit of BDT 11.1m from BDT 81.8m of other income, and two solar contracts signed in 2026
The 20 MW gas plant at Bogura has produced nothing since June 2023; FY2025 other income was BDT 81.8m and plant and office costs BDT 50.9m. The auditor draws attention to a material uncertainty on going concern, the board has had no independent director since 23-Dec-2024, and FY2026 EPS was BDT 0.07 on the DSE post of 29-Oct-2026.
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:EPGL · Fuel: LPG/CNG, power equipment, vehicles · Analysis · 29 Oct 2026
Energypac Power Generation: an LPG, generator, vehicle and steel-building company with net finance costs of BDT 1,463.3m in FY2025, a nine-month FY2026 loss of BDT 1,449.0m, and a going-concern material-uncertainty paragraph
FY2025 revenue was BDT 3,085.4m and gross profit BDT 1,133.1m; net finance costs BDT 1,463.3m and the loss after tax BDT 1,046.7m (EPS BDT -5.50). In the nine months to March 2026 revenue was BDT 1,772.1m (-25.6% year on year) and the loss after tax BDT 1,449.0m (EPS BDT -7.62). The board meets on 8 November 2026 on the FY2026 audited accounts.
Company · DSE:KPCL · Fuel & power · Analysis · 29 Oct 2026
Khulna Power: plants shut and sold for export, a 35% stake in a 150 MW plant now earns the profit, and 7.5% cash to public holders
KPCL has had no revenue since August 2024. Its share of United Payra Power's profit was BDT 250m of BDT 291m nine-month profit to March 2026, while BDT 1.49bn owed by BPDB has not moved and the two plants held for sale carry BDT 4.39bn against contracts of USD 21.25m.
Company · DSE:SONARGAON · Textiles: yarn spinning · Analysis · 29 Oct 2026
Sonargaon Textiles: a Barishal cotton-yarn spinner with a qualified audit, BDT 552m of classified bank loans carried without interest, and FY2026 EPS of BDT 0.41
Turnover has been BDT 109-455m a year since FY2021 against BDT 631-856m before; gross margin was -3.3% in FY2025; the company repaid BDT 120.7m to BDBL in the nine months to March 2026; the share price went from BDT 45.0 at end-May 2026 to BDT 117.4 on 29 October 2026.
Company · DSE:NTC · Food & Allied: tea plantation · Analysis · 29 Oct 2026
National Tea Company: twelve Sylhet tea estates selling below cost, with a BDT 1.05bn FY2025 loss, negative equity and a going-concern warning
Turnover fell to BDT 715m in FY2025 while cost of goods sold was BDT 1,176m and finance cost BDT 498m; bank loans reached BDT 4,433m, the auditor qualified the accounts, and BDT 2.77bn of new shares at BDT 119.53 took the share count from 6.6m to 29.75m.
Company · DSE:BBSCABLES · Electrical, cables & consumer durables · Analysis · 29 Oct 2026
BBS Cables: revenue fell 75% in six years as government cable tenders were cancelled; losses have reached BDT 1.1bn a year
Revenue dropped from BDT 8.5bn (FY2019) to BDT 2.1bn (FY2025); FY2025 carried BDT 426m of tender penalties and bad debts, FY2026 EPS was BDT (5.08) as announced to DSE, and NAV per share fell to BDT 22.93.