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Bangladesh All Bangladesh research →

Company · DSE:NTLTUBES · Engineering · Analysis · 31 Oct 2026
National Tubes: FY2025 profit of BDT 59.9m on revenue of BDT 486.9m, a qualified audit with nine emphasis paragraphs, and a 9M FY2026 loss of BDT 55.8m
The state-controlled steel pipe maker reported FY2025 revenue down 15.0% and a profit after tax of BDT 59.9m under a qualified opinion. Net sales for the nine months to 31-Mar-2026 were BDT 181.5m (down 49.9%) with a loss after tax of BDT 55.8m; finished goods stood at BDT 435.2m at 30-Jun-2025.
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:BSC · Shipping · Initiation · 31 Oct 2026
Bangladesh Shipping's 7-ship fleet earns 11–14% ROE against an 17% cost of equity: fair value range BDT 49–70
Fair value BDT 49–70 (base 60) against a BDT 103.5 price: charter rates, deposit yields and the taka decide the end, and a 15% payout keeps value below book.
Fair value ৳49–70 · price ৳103.50 (2026-10-29)
Company · DSE:ECABLES · Electrical, cables & consumer durables · Analysis · 29 Oct 2026
Eastern Cables: FY2025 revenue of BDT 301m, a qualified audit with eight basis paragraphs, and equity outside the revaluation reserve of BDT 93m at March 2026
The state-controlled cable maker sold 304.55 tonnes in FY2025 against 4,500 tonnes of printed capacity, lost BDT 116.8m (EPS BDT (4.43)), and reported a nine-month loss of BDT 97.7m (EPS BDT (3.70)) to 31-Mar-2026; the FY2026 annual accounts are not in the corpus at 1-Nov-2026.
Company · DSE:DESCO · Fuel & power: electricity distribution · Analysis · 29 Oct 2026
DESCO: back to a Tk 442m profit in FY2026, but a 5.5% system loss, Tk 37.9bn of on-lent foreign loans and a qualified audit decide what shareholders keep
Dhaka Electricity Supply earned a spread of Tk 0.86 per kWh on 7,445 MkWh in FY2026 and returned to profit (EPS Tk 1.01) as the taka held against the dollar; three quantified audit qualifications that would cut equity equal 32% of its capital and reserves.