DSE:APEXFOOT

Apex Footwear Limited research

Reports on Apex Footwear Limited

Company · Analysis · 31 Oct 2026
Apex Footwear: finance cost takes 79% of operating profit, so a 30% gross margin leaves a 1% net margin
Exports fell 32.5% in FY2024 and came back in FY2026 (Q3 export sales +40.3%), domestic retail kept growing, and FY2026 profit rose 15% to BDT 155m; the auditor qualified the FY2025 accounts over BDT 827m of capitalised borrowing costs.

Apex Footwear Limited (AFL) does two different businesses inside one company. Its export unit makes leather and textile athletic footwear for foreign brands, mostly in Europe, and its domestic unit sells footwear and other products through its own Apex outlets, franchises and dealers in Bangladesh.…

Peer comparisons and industry research covering Apex Footwear Limited

Company · DSE:FORTUNE · Footwear & leather · Analysis · 31 Oct 2026
Fortune Shoes: auditor disclaimed the FY2025 accounts; 9M FY2026 revenue BDT 839.3m, down 55%
A 100% export shoe maker in Barishal with FY2025 revenue of BDT 2,513.3m and profit of BDT 18.0m. The auditor gave a disclaimer of opinion on the FY2025 accounts, citing BDT 756.0m of cash withdrawals it could not substantiate. The nine months to March 2026 show revenue of BDT 839.3m and a loss of BDT 148.9m.

Fortune Shoes Limited describes itself as "a 100% export oriented shoe manufacturing public listed company" that makes "Gents shoes, Ladies shoes and Baby shoes" and "exports all kinds of leather and synthetic shoes". Its registered office and factory are at Plot 66-68, BSCIC Industrial Estate,…

Company · DSE:LEGACYFOOT · Footwear & leather · Analysis · 31 Oct 2026
Legacy Footwear: revenue BDT 55.8m against BDT 300m in FY2019; FDR interest exceeded pre-tax profit
A 100% export shoe maker that nearly stopped selling in FY2023 (revenue BDT 1.76m) raised its share capital to BDT 430.8m, settled its Rupali Bank loan and is rebuilding volume: FY2025 revenue rose to BDT 55.8m and 9M FY2026 revenue more than doubled, while the BDT 7.1m of FDR interest was larger than the BDT 3.8m profit before tax.

Legacy Footwear PLC describes itself as a 100% export-oriented footwear manufacturing company that started commercial production in 1999 and listed in 2000, selling in Europe and Japan. Its factory is at Vannara, Mouchak, Kaliakair in Gazipur, and since FY2024 it consolidates a 98%-owned subsidiary, Legacy…

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