DSE:ACMEPL

ACME Pesticides Limited research

Reports on ACME Pesticides Limited

Company · Analysis · 01 Nov 2026

ACME Pesticides: revenue down 71% in four years, a gross loss, receivables at 441 days and a qualified audit

Revenue fell from BDT 1,683m (FY2021) to BDT 482m (FY2025) and another 22% in the nine months to March 2026; the company sells below cost, collects slowly, has not paid its lessor or bank, and its IPO cash sits frozen at Southeast Bank.

ACME Pesticides Limited (APL) was incorporated on 13 April 2009 as a private company and became a public limited company on 28 November 2019. It raised BDT 300m in an initial public offering of 30m shares at BDT 10, with consent from the Bangladesh Securities…

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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.

ACI Formulations PLC (ACI FL) formulates and sells agrochemicals (insecticides, fungicides, herbicides and plant-growth products) under the ACI Crop Care name, makes household aerosols and toilet cleaner for S. C. Johnson, and manufactures decorative and marine paints for AkzoNobel (Dulux, International Paint). It is a…

Company · DSE:WATACHEM · Chemicals · Analysis · 31 Oct 2026

WATA Chemicals: finance expenses took 92.8% of FY2025 operating profit; a qualified FY2025 audit and FY2026 EPS of BDT 2.08 announced on DSE

The sulphuric acid and alum maker earned an operating profit of BDT 202.4m in FY2025 and paid finance expenses of BDT 187.9m, leaving profit after tax of BDT 11.0m. The auditor qualified the FY2025 accounts on five bases. The company announced FY2026 EPS of BDT 2.08 and a 15% cash dividend on 29-Oct-2026; the FY2026 audited report is not in the corpus at 1-Nov-2026.

WATA Chemicals Limited was incorporated in Bangladesh on 19 August 1981 and has been listed on the Dhaka Stock Exchange since 1992. Its factory is at Murapara, Rupgonj, Narayangonj. The FY2025 notes describe the business in one sentence: 'The Company produces Alum, Zinc Sulphate, Magnesium…

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