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3 articles.

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:MJLBD · Fuel marketing and lubricants · Initiation · 31 Oct 2026

MJL Bangladesh: Mobil lubricants and tankers carry the value, LPG earns 0.6% on equity; fair value range BDT 72–87

Fair value BDT 72–87 (base 79) against a BDT 90.8 price: lubricant margins near 32% and new tankers face BDT 32bn of debt and a loss-making LPG arm.

Fair value ৳72–87 · price ৳90.80 (2026-10-29)

Company · DSE:EASTRNLUB · Fuel marketing, refining & lubricants · Analysis · 29 Oct 2026

Eastern Lubricants Blenders: base oil trading lifted 9M FY2026 EPS to BDT 28.64; bank interest was 50% of pre-WPPF profit

The BPC-controlled blender earns most of its gross profit from importing base oil for the state fuel marketers and most of the rest of its profit from bank deposits; the lube-blending plant ran at about 5% of capacity in FY2025 and the FY2025 audit opinion was qualified on VAT reporting.