DSE : AZIZPIPES
Aziz Pipes Limited — Financial statements
Steel Pipe and Tubes · Bangladesh
Last price 95.8 BDT (At close: Oct 29, 2026) · Market cap 512.25M
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Financial statements
Aziz Pipes Limited (AZIZPIPES) reported revenue of 1.46M 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 | 1.46M | 1.01M | 49.89M | 59.21M | 15.58M | 152.39M |
| Cost of Revenue | 44.28M | 46.80M | 69.16M | 80.23M | 28.21M | 134.95M |
| Gross Profit | -42.82M | -45.79M | -19.28M | -21.02M | -12.63M | 17.43M |
| Selling, General & Admin | 7.52M | 5.48M | 9.83M | 12.07M | 9.75M | 19.83M |
| Other Operating Expenses | 12.42K | 83.91K | 414.02K | 760.47K | 161.50K | 1.09M |
| Operating Expenses | 7.53M | 5.57M | 10.25M | 12.83M | 9.91M | 20.91M |
| Operating Income | -50.34M | -51.36M | -29.53M | -33.85M | -22.54M | -3.48M |
| Interest Expense | -3.40M | -3.08M | -2.71M | -2.76M | -3.29M | -1.08M |
| Interest & Investment Income | 1.12K | 4.89K | 8.25K | |||
| Other Non Operating Income (Expenses) | -9.76K | -13.51K | -19.91K | -28.74K | -41.99K | -967.52K |
| Pretax Income | -53.75M | -54.45M | -32.25M | -36.64M | -25.87M | -5.51M |
| Income Tax Expense | -301.67K | -309.20K | -7.03K | 72.62K | -1.58M | -1.12M |
| Net Income | -53.45M | -54.14M | -32.25M | -36.71M | -24.29M | -4.39M |
| Net Income to Common | -53.45M | -54.14M | -32.25M | -36.71M | -24.29M | -4.39M |
| Shares Outstanding (Basic) | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M |
| Shares Outstanding (Diluted) | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M |
| EPS (Basic) | -10.00 | -10.12 | -6.03 | -6.87 | -4.54 | -0.82 |
| EPS (Diluted) | -10.00 | -10.12 | -6.03 | -6.87 | -4.54 | -0.82 |
| Free Cash Flow | -3.73M | -4.11M | 933.77K | 499.83K | -5.43M | 651.55K |
| Free Cash Flow Per Share | -0.70 | -0.77 | 0.17 | 0.09 | -1.01 | 0.12 |
| Gross Margin | -38.65% | -35.51% | -81.09% | 11.44% | ||
| Operating Margin | -3,447.60% | -5,091.38% | -59.19% | -57.17% | -144.72% | -2.28% |
| Profit Margin | -3,660.45% | -5,366.98% | -64.64% | -62.00% | -155.91% | -2.88% |
| Free Cash Flow Margin | -255.29% | -407.76% | 1.87% | 0.84% | -34.83% | 0.43% |
| EBITDA | -45.80M | -46.42M | -24.01M | -27.80M | -15.99M | 3.67M |
| EBITDA Margin | -48.13% | -46.95% | -102.63% | 2.41% | ||
| D&A For EBITDA | 4.54M | 4.93M | 5.52M | 6.06M | 6.56M | 7.15M |
| EBIT | -50.34M | -51.36M | -29.53M | -33.85M | -22.54M | -3.48M |
| EBIT Margin | -59.19% | -57.17% | -144.72% | -2.28% | ||
| Advertising Expenses | 135.00K | 246.50K | 221.44K | 65.84K | 107.39K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 654.88K | 720.11K | 504.97K | 1.28M | 689.50K | 906.22K |
| Cash & Short-Term Investments | 654.88K | 720.11K | 504.97K | 1.28M | 689.50K | 906.22K |
| Receivables | 26.89M | 27.34M | 28.87M | 28.58M | 24.90M | 26.26M |
| Inventory | 18.56M | 19.40M | 55.09M | 86.84M | 116.06M | 56.01M |
| Other Current Assets | 17.37M | 17.55M | 17.72M | 20.85M | 25.35M | 17.65M |
| Total Current Assets | 63.47M | 65.01M | 102.19M | 137.54M | 167.01M | 100.82M |
| Property, Plant & Equipment | 224.87M | 228.18M | 233.12M | 237.99M | 244.31M | 249.74M |
| Other Long-Term Assets | 1.00 | 1.00 | ||||
| Total Assets | 288.34M | 293.19M | 335.31M | 375.53M | 411.32M | 350.56M |
| Accounts Payable | 140.72M | 140.72M | 135.82M | 144.59M | 145.73M | 69.98M |
| Accrued Expenses | 12.85M | 9.47M | 6.35M | 3.47M | 2.75M | 1.65M |
| Short-Term Debt | 36.50M | 35.40M | 35.40M | 36.07M | 43.29M | 33.42M |
| Current Portion of Long-Term Debt | 41.82M | 41.82M | 42.01M | 43.03M | 37.12M | 3.52M |
| Current Income Taxes Payable | 3.37M | 3.36M | 3.65M | 3.70M | 3.44M | 4.30M |
| Other Current Liabilities | 23.66M | 19.90M | 15.10M | 15.15M | 10.05M | 6.78M |
| Total Current Liabilities | 258.92M | 250.67M | 238.33M | 246.00M | 242.39M | 119.65M |
| Long-Term Debt | 90.45M | 90.45M | 90.45M | 90.45M | 91.66M | 126.59M |
| Long-Term Leases | 1.19M | 2.28M | ||||
| Long-Term Deferred Tax Liabilities | 33.25M | 33.63M | 34.15M | 8.65M | 9.12M | 11.01M |
| Other Long-Term Liabilities | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M |
| Total Liabilities | 554.35M | 546.48M | 534.66M | 516.83M | 516.10M | 431.27M |
| Common Stock | 53.47M | 53.47M | 53.47M | 53.47M | 53.47M | 53.47M |
| Additional Paid-In Capital | 106.70M | 106.70M | 106.70M | 106.70M | 106.70M | 106.70M |
| Retained Earnings | -587.68M | -575.52M | -522.42M | -491.32M | -455.88M | -433.02M |
| Comprehensive Income & Other | 161.50M | 162.06M | 162.89M | 189.85M | 190.93M | 192.14M |
| Shareholders' Equity | -266.01M | -253.29M | -199.36M | -141.30M | -104.78M | -80.70M |
| Total Liabilities & Equity | 288.34M | 293.19M | 335.31M | 375.53M | 411.32M | 350.56M |
| Total Debt | 168.77M | 167.67M | 167.86M | 169.55M | 173.26M | 165.82M |
| Net Cash (Debt) | -168.12M | -166.95M | -167.36M | -168.27M | -172.58M | -164.91M |
| Net Cash Per Share | -31.44 | -31.22 | -31.30 | -31.47 | -32.27 | -30.84 |
| Filing Date Shares Outstanding | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M |
| Total Common Shares Outstanding | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M | 5.35M |
| Working Capital | -195.45M | -185.66M | -136.14M | -108.46M | -75.39M | -18.83M |
| Book Value Per Share | -49.75 | -47.37 | -37.28 | -26.43 | -19.60 | -15.09 |
| Tangible Book Value | -266.01M | -253.29M | -199.36M | -141.30M | -104.78M | -80.70M |
| Tangible Book Value Per Share | -49.75 | -47.37 | -37.28 | -26.43 | -19.60 | -15.09 |
| Land | 185.50M | 185.50M | 185.50M | 185.50M | 185.50M | 185.50M |
| Buildings | 27.47M | 27.47M | 27.47M | 27.47M | 27.47M | 27.47M |
| Machinery | 291.58M | 291.58M | 291.58M | 290.94M | 290.13M | 287.91M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -53.45M | -54.14M | -32.25M | -36.71M | -24.29M | -4.39M |
| Depreciation & Amortization | 4.54M | 4.93M | 5.52M | 6.06M | 6.56M | 8.24M |
| Other Operating Activities | 282.11K | 285.87K | 19.91K | 2.79M | 3.33M | 792.51K |
| Change in Accounts Receivable | 433.15K | 1.53M | -292.58K | -3.67M | 1.36M | 15.01M |
| Change in Inventory | 35.64M | 35.69M | 31.75M | 29.22M | -60.06M | 58.33M |
| Change in Accounts Payable | 834.14K | 4.90M | -8.77M | -1.15M | 75.76M | -81.44M |
| Change in Income Taxes | -294.26K | -855.60K | -501.98K | |||
| Change in Other Net Operating Assets | 8.60M | 3.01M | 5.91M | 5.08M | -3.33M | 6.75M |
| Operating Cash Flow | -3.73M | -4.11M | 1.58M | 1.33M | -3.20M | 759.32K |
| Capital Expenditures | -643.00K | -827.70K | -2.22M | -107.77K | ||
| Investing Cash Flow | -643.00K | -827.70K | -2.22M | -107.77K | ||
| Short-Term Debt Issued | 6.40M | 37.26M | 35.93M | |||
| Long-Term Debt Issued | 5.80M | 66.85M | ||||
| Total Debt Issued | 3.90M | 5.80M | 6.40M | 37.26M | 102.78M | |
| Short-Term Debt Repaid | -668.24K | -25.20M | ||||
| Long-Term Debt Repaid | -1.19M | -1.02M | -3.52M | -3.52M | -104.59M | |
| Total Debt Repaid | -1.00M | -1.19M | -1.69M | -3.52M | -28.72M | -104.59M |
| Net Debt Issued (Repaid) | 2.90M | 4.61M | -1.69M | 2.88M | 8.54M | -1.81M |
| Common Dividends Paid | -505.29K | |||||
| Other Financing Activities | -282.11K | -285.86K | -19.91K | -2.79M | -3.33M | -1.79M |
| Financing Cash Flow | 2.62M | 4.33M | -1.71M | 89.61K | 5.21M | -4.11M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -1.11M | 215.14K | -773.97K | 589.44K | -216.72K | -3.46M |
| Free Cash Flow | -3.73M | -4.11M | 933.77K | 499.83K | -5.43M | 651.55K |
| Free Cash Flow Margin | -255.29% | -407.76% | 1.87% | 0.84% | -34.83% | 0.43% |
| Free Cash Flow Per Share | -0.70 | -0.77 | 0.17 | 0.09 | -1.01 | 0.12 |
| Levered Free Cash Flow | 18.45M | 20.84M | 13.32M | 17.33M | 1.06M | 3.44M |
| Unlevered Free Cash Flow | 20.58M | 22.76M | 15.01M | 19.05M | 3.12M | 4.11M |
| Free Cash Flow After Leases | -3.73M | -4.11M | 933.77K | 499.83K | -5.43M | 651.55K |
| Cash Interest Paid | 596.60K | 272.35K | 2.76M | 1.10M | ||
| Cash Income Tax Paid | 299.31K | 355.27K | 97.24K | 949.10K | 1.42M | |
| Change in Working Capital | 44.90M | 44.81M | 28.29M | 29.20M | 11.20M | -3.88M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 512.25M | 252.92M | 365.74M | 594.07M | 542.20M | 490.87M |
| Enterprise Value | 680.37M | 418.83M | 533.59M | 761.93M | 720.64M | 549.29M |
| Last Close Price | 95.80 | 47.30 | 68.40 | 111.10 | 101.40 | 91.80 |
| PS Ratio | 350.80 | 250.73 | 7.33 | 10.03 | 34.81 | 3.22 |
| PB Ratio | -1.00 | -1.83 | -4.20 | -5.17 | -6.08 | |
| P/FCF Ratio | 391.68 | 1,188.53 | 753.38 | |||
| P/OCF Ratio | 231.96 | 447.50 | 646.46 | |||
| EV/Sales Ratio | 415.20 | 10.70 | 12.87 | 46.26 | 3.60 | |
| EV/EBITDA Ratio | 149.50 | |||||
| EV/FCF Ratio | 571.43 | 1,524.38 | 843.05 | |||
| Debt / Equity Ratio | -0.63 | -0.66 | -0.84 | -1.20 | -1.65 | -2.06 |
| Debt / EBITDA Ratio | 34.78 | |||||
| Debt / FCF Ratio | 179.76 | 339.21 | 254.50 | |||
| Net Debt / Equity Ratio | -0.63 | -0.66 | -0.84 | -1.19 | -1.65 | -2.04 |
| Net Debt / EBITDA Ratio | -3.67 | -3.60 | -6.97 | -6.05 | -10.79 | 44.88 |
| Net Debt / FCF Ratio | -45.10 | -40.59 | 179.22 | 336.65 | -31.81 | 253.11 |
| Asset Turnover | 0.01 | 0.00 | 0.14 | 0.15 | 0.04 | 0.39 |
| Inventory Turnover | 1.22 | 1.26 | 0.97 | 0.79 | 0.33 | 1.58 |
| Quick Ratio | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.23 |
| Current Ratio | 0.24 | 0.26 | 0.43 | 0.56 | 0.69 | 0.84 |
| Return on Assets (ROA) | -10.17% | -10.21% | -5.19% | -5.38% | -3.70% | -0.55% |
| Return on Invested Capital (ROIC) | -160.23% | -73.63% | -26.07% | -22.68% | -11.28% | -1.38% |
| Return on Capital Employed (ROCE) | -171.10% | -120.80% | -30.40% | -26.10% | -13.30% | -1.50% |
| Earnings Yield | -10.43% | -21.41% | -8.82% | -6.18% | -4.48% | -0.90% |
| FCF Yield | -0.73% | -1.63% | 0.26% | 0.08% | -1.00% | 0.13% |