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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.
12 articles.
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Company · DSE:WMSHIPYARD · Engineering & shipbuilding · Analysis · 31 Oct 2026
Western Marine Shipyard: Tk 916.5m of FY2025 revenue, Tk 23.7bn of term loans and a qualified audit opinion
Revenue has been Tk 0.8bn-0.9bn a year since FY2021, financial expenses exceeded operating profit in each of those years, and the auditor qualified the FY2025 accounts on Tk 3.6bn of advances and four other matters.
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:MIRAKHTER · Engineering & construction · Analysis · 31 Oct 2026
Mir Akhter Hossain: a contractor earning mainly through joint ventures, with Tk 20.6bn of debt and an FY2026 loss
Own revenue halved to Tk 1.34bn in FY2025 while 89% of profit came from joint ventures funded by MAHL's borrowing. FY2026 EPS was -Tk 6.58 and no dividend was declared.
Company · DSE:TECHNODRUG · Pharmaceuticals & healthcare · Analysis · 31 Oct 2026
Techno Drugs: FY2026 EPS of BDT 1.51 against 1.76, and BDT 129.8m of overdue loan interest disclosed in October 2026
The contraceptive supplier to the government reported FY2026 EPS of BDT 1.51 against 1.76, finance expenses at 11.2% of nine-month revenue, and told DSE in October 2026 that BDT 12.98 crore of loan interest was overdue; the board kept a 10% cash dividend for non-sponsor holders.
Company · DSE:MONOSPOOL · Plastics, packaging & paper · Analysis · 31 Oct 2026
Monospool Bangladesh: the Pearl Paper merger lifted sales to BDT 1.75bn, but borrowings are 3.2x equity and interest takes 61% of operating profit
Revenue rose 63% in FY2025 and 8.6% in the nine months to March 2026, yet operating cash flow was negative in two of the last three years, BDT 1,126m of unpaid interest sits inside the loans and BDT 3.0bn of the merged mill is still capital work-in-progress.
Company · DSE:APEXFOOT · Footwear & leather · Analysis · 31 Oct 2026
Apex Footwear: finance cost takes 79% of operating profit, so a 30% gross margin leaves a 1% net margin
Exports fell 32.5% in FY2024 and came back in FY2026 (Q3 export sales +40.3%), domestic retail kept growing, and FY2026 profit rose 15% to BDT 155m; the auditor qualified the FY2025 accounts over BDT 827m of capitalised borrowing costs.
Company · DSE:PTL · Woven fabric & denim · Analysis · 31 Oct 2026
Paramount Textile: a woven-fabric exporter turning into a solar developer, with debt at 2.8x equity and fabric sales down 18% in 9M FY2026
Fabric revenue grew from BDT 3.4bn (FY2017) to BDT 11.0bn (FY2025) and the margin held near 15%, but finance cost now takes 58% of operating profit and solar associates supply most of the growth in earnings; the stock is at 11.9x trailing EPS after rising 87% since June 2025.
Company · DSE:GHAIL · FMCG, food & tobacco · Analysis · 29 Oct 2026
Golden Harvest Agro: a frozen-food maker with a 42% gross margin, a loss at the bottom line from ice-cream associate losses and BDT 224m of finance cost
FY2025 revenue was BDT 858m and profit from operations BDT 191m, but finance expenses of BDT 224m and a BDT 157m share of associate losses left a loss of BDT 0.24 a share; the FY2026 loss announced on 28-Oct-2026 is BDT 0.57 a share. Borrowings reached 0.96x equity and the audit opinion is qualified.
Company · DSE:IFADAUTOS · Autos & motorcycles · Analysis · 29 Oct 2026
IFAD Autos: a BDT 27.8bn instalment book funded by BDT 29.7bn of bank lines; FY2026 EPS back to BDT 0.45 after three loss years
Vehicle units rose 22% to 3,637 in FY2025 and 9M FY2026 sales were up 25%, but receivables equal 1138 days of sales, 86% are more than six months old, and financial expenses ate all of FY2025 operating profit.
Company · DSE:LOVELLO · FMCG, food & tobacco · Analysis · 29 Oct 2026
Lovello: ice-cream sales up 43% in nine months, on a restated balance sheet that now carries BDT 2.3bn of borrowings
Net sales rose to BDT 1,151m in FY2025 and BDT 1,423m in 9M FY2026 at a steady ~42% gross margin, but the FY2025 audit is qualified, June 2024 loans were restated from BDT 953m to BDT 1,764m, and BDT 229m of bank interest sits in 'advances' rather than in the income statement.
Company · DSE:GPHISPAT · Steel · Analysis · 29 Oct 2026
GPH Ispat: a modern melt-and-roll plant at half capacity, with finance cost taking 94% of operating profit
FY2026 revenue fell 30% to Tk 39.4bn as billet output dropped to 498,520 t. Gross margin rose to 17.9%, but Tk 5.5bn of finance cost left Tk 35m of profit. Borrowings are Tk 75.2bn; the rights issue is on hold.
Company · DSE:ASIATICLAB · Pharmaceuticals & healthcare · Analysis · 29 Oct 2026
Asiatic Laboratories: sales doubled in 9M FY2026 after a debt-funded plant upgrade, while 68% of the IPO money sat unused at June 2025
Nine-month revenue rose 99% to BDT 2,288m and EPS to BDT 3.97, but the company borrowed BDT 1.03bn in FY2025, BSEC extended the sponsors' lock-in over IPO-fund use and a planned 32-storey building, and the share price, BDT 108.0 on 29-Oct-2026, is 3.9 times its October 2024 low of BDT 27.8.