DSE : ATLASBANG
Atlas Bangladesh Limited — Financial statements
Motorcycles, Bicycles, and Parts · Bangladesh
Last price 80.5 BDT (At close: Oct 29, 2026) · Market cap 2.67B
Latest research: Atlas Bangladesh financial analysis: ten loss years and a qualified FY2025 audit (Oct 2026) · Atlas Bangladesh: ten loss years to FY2025, a qualified audit with a going-concern paragraph, and 9M FY2026 sales of BDT 157m
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Financial statements
Atlas Bangladesh Limited (ATLASBANG) reported revenue of 229.88M BDT (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 229.88M | 180.35M | 116.32M | 15.47M | 338.66M | 99.03M |
| Cost of Revenue | 225.20M | 187.06M | 150.77M | 75.58M | 339.15M | 154.84M |
| Gross Profit | 4.68M | -6.72M | -34.44M | -60.12M | -489.61K | -55.82M |
| Selling, General & Admin | 43.42M | 40.47M | 44.15M | 49.39M | 57.73M | 62.38M |
| Operating Expenses | 43.42M | 40.47M | 44.15M | 49.39M | 57.73M | 62.38M |
| Operating Income | -38.74M | -47.18M | -78.59M | -109.50M | -58.22M | -118.20M |
| Interest & Investment Income | 14.62M | 14.62M | 12.84M | 12.40M | 11.75M | 17.18M |
| Other Non Operating Income (Expenses) | -2.67M | 40.77K | -167.98K | 111.37K | -225.73K | -772.10K |
| Pretax Income | -26.79M | -32.52M | -65.92M | -96.99M | -46.70M | -101.79M |
| Income Tax Expense | 9.31M | 8.36M | 6.12M | 45.33K | 1.92M | 421.16K |
| Net Income | -36.09M | -40.88M | -72.04M | -97.03M | -48.62M | -102.21M |
| Net Income to Common | -36.09M | -40.88M | -72.04M | -97.03M | -48.62M | -102.21M |
| Shares Outstanding (Basic) | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M |
| Shares Outstanding (Diluted) | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M |
| EPS (Basic) | -1.09 | -1.23 | -2.17 | -2.93 | -1.47 | -3.09 |
| EPS (Diluted) | -1.09 | -1.23 | -2.17 | -2.93 | -1.47 | -3.09 |
| Free Cash Flow | -77.45M | -84.33M | 18.97M | -51.01M | 25.63M | -140.34M |
| Free Cash Flow Per Share | -2.34 | -2.55 | 0.57 | -1.54 | 0.77 | -4.24 |
| Gross Margin | 2.04% | -3.72% | -29.61% | -0.14% | -56.36% | |
| Operating Margin | -16.85% | -26.16% | -67.56% | -707.90% | -17.19% | -119.36% |
| Profit Margin | -15.70% | -22.67% | -61.93% | -627.29% | -14.36% | -103.21% |
| Free Cash Flow Margin | -33.69% | -46.76% | 16.31% | -329.73% | 7.57% | -141.72% |
| EBITDA | -34.89M | -42.79M | -73.69M | -104.17M | -51.78M | -110.47M |
| EBITDA Margin | -15.18% | -23.72% | -63.35% | -15.29% | -111.56% | |
| D&A For EBITDA | 3.85M | 4.40M | 4.90M | 5.33M | 6.44M | 7.73M |
| EBIT | -38.74M | -47.18M | -78.59M | -109.50M | -58.22M | -118.20M |
| EBIT Margin | -16.85% | -26.16% | -67.56% | -17.19% | -119.36% | |
| Advertising Expenses | 634.62K | 958.04K | 1.35M | 678.13K | 2.12M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 87.46M | 126.38M | 210.71M | 191.80M | 234.88M | 210.07M |
| Cash & Short-Term Investments | 87.46M | 126.38M | 210.71M | 191.80M | 234.88M | 210.07M |
| Accounts Receivable | 106.28M | 105.78M | 85.14M | 78.30M | 164.20M | 97.32M |
| Other Receivables | 1.08M | 1.88M | 22.95M | 23.15M | 3.84M | |
| Receivables | 106.28M | 106.85M | 87.01M | 101.25M | 187.35M | 101.16M |
| Inventory | 32.66M | 36.27M | 35.46M | 75.25M | 103.16M | 182.79M |
| Other Current Assets | 686.93M | 693.24M | 683.24M | 682.45M | 681.29M | 704.73M |
| Total Current Assets | 913.34M | 962.75M | 1.02B | 1.05B | 1.21B | 1.20B |
| Property, Plant & Equipment | 3.81B | 3.81B | 3.82B | 3.82B | 3.82B | 3.83B |
| Other Intangible Assets | 600.00K | |||||
| Total Assets | 4.72B | 4.78B | 4.83B | 4.87B | 5.03B | 5.03B |
| Accounts Payable | 128.12M | 38.81M | 66.90M | 40.71M | 129.74M | 92.04M |
| Accrued Expenses | 47.33M | 42.14M | 35.69M | 29.41M | 26.37M | |
| Current Income Taxes Payable | 336.94M | 335.31M | 326.88M | 320.65M | 320.48M | 318.38M |
| Current Unearned Revenue | 13.79M | 4.61M | 4.68M | 4.61M | 4.81M | |
| Other Current Liabilities | 57.83M | 120.71M | 118.78M | 117.17M | 101.99M | 98.60M |
| Total Current Liabilities | 522.89M | 555.95M | 559.30M | 518.90M | 586.23M | 540.20M |
| Long-Term Debt | 2.18M | 2.18M | 2.18M | 2.18M | 2.18M | 2.18M |
| Pension & Post-Retirement Benefits | 95.84M | 92.23M | 105.17M | 107.99M | 104.70M | 100.22M |
| Long-Term Deferred Tax Liabilities | 113.94M | 114.00M | 379.27M | 379.42M | 152.32M | 152.68M |
| Other Long-Term Liabilities | -29.90K | 1.00 | ||||
| Total Liabilities | 734.83M | 764.36M | 1.05B | 1.01B | 845.43M | 795.29M |
| Common Stock | 331.27M | 331.27M | 331.27M | 331.27M | 331.27M | 331.27M |
| Additional Paid-In Capital | 158.18M | 158.18M | 158.18M | 158.18M | 158.18M | 158.18M |
| Retained Earnings | -176.87M | -154.64M | -113.94M | -42.12M | 54.64M | 102.92M |
| Comprehensive Income & Other | 3.68B | 3.68B | 3.41B | 3.41B | 3.64B | 3.64B |
| Shareholders' Equity | 3.99B | 4.01B | 3.79B | 3.86B | 4.18B | 4.23B |
| Total Liabilities & Equity | 4.72B | 4.78B | 4.83B | 4.87B | 5.03B | 5.03B |
| Total Debt | 2.18M | 2.18M | 2.18M | 2.18M | 2.18M | 2.18M |
| Net Cash (Debt) | 85.28M | 124.20M | 208.52M | 189.61M | 232.70M | 207.88M |
| Net Cash Per Share | 2.57 | 3.75 | 6.29 | 5.72 | 7.02 | 6.28 |
| Filing Date Shares Outstanding | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M |
| Total Common Shares Outstanding | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M | 33.13M |
| Working Capital | 390.44M | 406.80M | 457.12M | 531.84M | 620.45M | 658.55M |
| Book Value Per Share | 120.40 | 121.07 | 114.30 | 116.48 | 126.26 | 127.73 |
| Tangible Book Value | 3.99B | 4.01B | 3.79B | 3.86B | 4.18B | 4.23B |
| Tangible Book Value Per Share | 120.40 | 121.06 | 114.30 | 116.48 | 126.26 | 127.73 |
| Land | 3.79B | 3.79B | 3.79B | 3.79B | 3.79B | |
| Buildings | 80.26M | 80.26M | 77.97M | 77.97M | 77.97M | |
| Machinery | 101.40M | 101.33M | 98.95M | 98.88M | 98.68M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.09M | -40.88M | -72.04M | -97.03M | -48.62M | -102.21M |
| Depreciation & Amortization | 3.85M | 4.40M | 4.90M | 5.33M | 6.44M | 7.73M |
| Other Operating Activities | 15.84M | -826.76K | 5.34M | -8.12M | -183.96K | -200.65K |
| Change in Accounts Receivable | -21.41M | -19.88M | 13.34M | 90.28M | -71.92M | -49.27M |
| Change in Inventory | -6.62M | -814.00K | 39.79M | 27.90M | 79.64M | -24.80M |
| Change in Accounts Payable | -19.94M | -16.29M | 32.20M | -63.96M | 51.31M | 38.09M |
| Change in Other Net Operating Assets | -12.76M | -9.95M | 93.58K | -5.33M | 9.18M | 23.33M |
| Operating Cash Flow | -77.14M | -84.26M | 23.64M | -50.94M | 25.83M | -107.34M |
| Capital Expenditures | -311.65K | -69.99K | -4.67M | -71.00K | -206.60K | -33.01M |
| Investing Cash Flow | -311.65K | -69.99K | -4.67M | -71.00K | -206.60K | -33.01M |
| Long-Term Debt Issued | 8.00M | |||||
| Net Debt Issued (Repaid) | 8.00M | |||||
| Common Dividends Paid | -59.27K | -80.00K | -808.52K | -15.70M | ||
| Financing Cash Flow | -59.27K | 7.92M | -808.52K | -15.70M | ||
| Miscellaneous Cash Flow Adjustments | -1.00 | -1.00 | -1.00 | |||
| Net Cash Flow | -77.45M | -84.33M | 18.91M | -43.09M | 24.82M | -156.05M |
| Free Cash Flow | -77.45M | -84.33M | 18.97M | -51.01M | 25.63M | -140.34M |
| Free Cash Flow Margin | -33.69% | -46.76% | 16.31% | -329.73% | 7.57% | -141.72% |
| Free Cash Flow Per Share | -2.34 | -2.55 | 0.57 | -1.54 | 0.77 | -4.24 |
| Levered Free Cash Flow | -59.16M | 44.75M | -17.65M | 32.75M | -116.25M | |
| Unlevered Free Cash Flow | -59.16M | 44.75M | -17.65M | 32.75M | -116.25M | |
| Cash Income Tax Paid | 19.78M | 8.59M | 6.22M | 2.74M | 8.53M | 2.37M |
| Change in Working Capital | -60.73M | -46.94M | 85.43M | 48.89M | 68.20M | -12.65M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.67B | 1.85B | 2.41B | 3.45B | 3.62B | 4.14B |
| Enterprise Value | 2.58B | 1.67B | 2.24B | 3.26B | 3.40B | 3.83B |
| Last Close Price | 80.50 | 55.90 | 72.90 | 104.20 | 109.30 | 125.10 |
| PS Ratio | 11.60 | 10.27 | 20.76 | 223.15 | 10.69 | 41.85 |
| PB Ratio | 0.67 | 0.46 | 0.64 | 0.90 | 0.87 | 0.98 |
| P/TBV Ratio | 0.67 | 0.46 | 0.64 | 0.90 | 0.87 | 0.98 |
| P/FCF Ratio | 127.31 | 141.30 | ||||
| P/OCF Ratio | 102.17 | 140.17 | ||||
| EV/Sales Ratio | 11.23 | 9.26 | 19.24 | 210.49 | 10.04 | 38.70 |
| EV/FCF Ratio | 118.00 | 132.62 | ||||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / FCF Ratio | 0.12 | 0.09 | ||||
| Net Debt / Equity Ratio | -0.02 | -0.03 | -0.06 | -0.05 | -0.06 | -0.05 |
| Net Debt / EBITDA Ratio | 2.44 | 2.90 | 2.83 | 1.82 | 4.49 | 1.88 |
| Net Debt / FCF Ratio | 1.10 | 1.47 | -10.99 | 3.72 | -9.08 | 1.48 |
| Asset Turnover | 0.04 | 0.02 | 0.00 | 0.07 | 0.02 | |
| Inventory Turnover | 5.21 | 2.72 | 0.85 | 2.37 | 0.91 | |
| Quick Ratio | 0.37 | 0.42 | 0.53 | 0.56 | 0.72 | 0.58 |
| Current Ratio | 1.75 | 1.73 | 1.82 | 2.02 | 2.06 | 2.22 |
| Return on Equity (ROE) | -1.05% | -1.88% | -2.41% | -1.16% | -2.38% | |
| Return on Assets (ROA) | -0.61% | -1.01% | -1.38% | -0.72% | -1.46% | |
| Return on Invested Capital (ROIC) | -0.99% | -1.26% | -2.17% | -2.88% | -1.46% | -2.95% |
| Return on Capital Employed (ROCE) | -0.90% | -1.10% | -1.80% | -2.50% | -1.30% | -2.60% |
| Earnings Yield | -1.35% | -2.21% | -2.98% | -2.81% | -1.34% | -2.47% |
| FCF Yield | -2.90% | -4.55% | 0.79% | -1.48% | 0.71% | -3.39% |