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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.
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Company · DSE:ACIFORMULA · Chemicals, paints & gases · Analysis · 01 Nov 2026
ACI Formulations: crop care earns the profit, paint and aerosol lose money, and BDT 2.4bn is lent to the ACI group
FY2026 consolidated EPS rose 1.4% to BDT 7.96 on a 20% dividend, but operating cash flow was negative for the year; inter-company receivables reached BDT 2.38bn in September 2025 while bank debt rose to BDT 4.36bn.
Company · DSE:BERGERPBL · Chemicals · Initiation · 29 Oct 2026
Berger Paints: 10% annual growth and a 24% ROE support BDT 509–1571 a share
Fair value BDT 509–1571; base 1129, probability-weighted 1,084. Price BDT 1,449 on 29-Oct-2026. Price rises lifted H1 FY2027 EPS to BDT 52.79; the BDT 11.84bn Mirsarai plant, TiO2 and solvent costs, the taka and supplementary duty decide FY2028–29.
Fair value ৳509–1,571 · price ৳1,449.00 (2026-10-29)