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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.

3 articles.

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:DOREENPWR · Fuel & power · Analysis · 29 Oct 2026

Doreen Power: three HFO plants under BPDB contracts to 2031-2037, EPS BDT 5.03 in FY2026, and BDT 6.3bn lent to sister concerns

The gas plants are gone; profit now comes from 225 MW of HFO plants running at about a third of capacity. Finance cost fell, but the current account with group companies rose to 61% of equity while BDT 13.0bn of bank borrowings stayed on the books.

Company · DSE:BPPL · Fuel & power · Analysis · 29 Oct 2026

Baraka Patenga Power: three HFO plants running at about a fifth of capacity, EPS BDT 3.48 in FY2026 as exchange losses faded

Capacity payments from BPDB carry the group while dispatch fell from 1.54m MWh (FY2022) to 0.45m MWh (FY2025); borrowings of BDT 17.7bn and receivables of 268 days on the nine-month run rate are the balance-sheet questions.