DSE : BENGALWTL
Bengal Windsor Thermoplastics PLC. — Financial statements
Plastics Products, not elsewhere classified · Bangladesh
Last price 20.8 BDT (At close: Oct 29, 2026) · Market cap 1.90B
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Financial statements
Bengal Windsor Thermoplastics PLC. (BENGALWTL) reported revenue of 994.65M 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 | 994.65M | 903.47M | 801.23M | 736.29M | 750.84M | 702.72M |
| Cost of Revenue | 807.60M | 732.30M | 654.71M | 598.80M | 579.12M | 543.68M |
| Gross Profit | 187.05M | 171.17M | 146.53M | 137.48M | 171.72M | 159.04M |
| Selling, General & Admin | 101.38M | 90.90M | 78.69M | 73.91M | 89.13M | 85.25M |
| Operating Expenses | 101.38M | 90.90M | 78.69M | 73.91M | 89.13M | 85.25M |
| Operating Income | 85.67M | 80.27M | 67.84M | 63.58M | 82.58M | 73.80M |
| Interest Expense | -37.01M | -33.71M | -23.79M | -15.89M | -13.53M | -15.11M |
| Interest & Investment Income | 14.35M | 14.35M | 11.99M | 13.26M | 12.49M | 15.18M |
| Currency Exchange Gain (Loss) | 971.90K | 971.90K | 1.50M | 1.29M | 1.67M | -961.99K |
| Other Non Operating Income (Expenses) | -1.66M | -2.86M | -1.65M | -3.09M | -3.51M | -3.03M |
| EBT Excluding Unusual Items | 62.32M | 59.02M | 55.89M | 59.15M | 79.70M | 69.88M |
| Asset Writedown | -14.32M | |||||
| Pretax Income | 62.32M | 59.02M | 55.89M | 59.15M | 79.70M | 55.56M |
| Income Tax Expense | 10.76M | 8.97M | 7.34M | 12.83M | 32.11M | 9.81M |
| Earnings From Continuing Operations | 51.55M | 50.05M | 48.54M | 46.32M | 47.59M | 45.75M |
| Net Income | 51.55M | 50.05M | 48.54M | 46.32M | 47.59M | 45.75M |
| Net Income to Common | 51.55M | 50.05M | 48.54M | 46.32M | 47.59M | 45.75M |
| Shares Outstanding (Basic) | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M |
| Shares Outstanding (Diluted) | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M |
| EPS (Basic) | 0.56 | 0.55 | 0.53 | 0.51 | 0.52 | 0.50 |
| EPS (Diluted) | 0.56 | 0.55 | 0.53 | 0.51 | 0.52 | 0.50 |
| Free Cash Flow | 127.87M | 121.00M | 119.08M | 10.71M | -21.78M | 15.30M |
| Free Cash Flow Per Share | 1.40 | 1.32 | 1.30 | 0.12 | -0.24 | 0.17 |
| Dividend Per Share | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Gross Margin | 18.80% | 18.95% | 18.29% | 18.67% | 22.87% | 22.63% |
| Operating Margin | 8.61% | 8.88% | 8.47% | 8.63% | 11.00% | 10.50% |
| Profit Margin | 5.18% | 5.54% | 6.06% | 6.29% | 6.34% | 6.51% |
| Free Cash Flow Margin | 12.86% | 13.39% | 14.86% | 1.45% | -2.90% | 2.18% |
| EBITDA | 158.30M | 152.38M | 142.98M | 143.38M | 151.79M | 150.99M |
| EBITDA Margin | 15.92% | 16.87% | 17.84% | 19.47% | 20.22% | 21.49% |
| D&A For EBITDA | 72.63M | 72.11M | 75.14M | 79.80M | 69.21M | 77.19M |
| EBIT | 85.67M | 80.27M | 67.84M | 63.58M | 82.58M | 73.80M |
| EBIT Margin | 8.61% | 8.88% | 8.47% | 8.63% | 11.00% | 10.50% |
| Effective Tax Rate | 17.27% | 15.19% | 13.14% | 21.70% | 40.29% | 17.66% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 199.26M | 181.70M | 192.20M | 204.19M | 171.85M | 228.11M |
| Cash & Short-Term Investments | 199.26M | 181.70M | 192.20M | 204.19M | 171.85M | 228.11M |
| Accounts Receivable | 584.90M | 545.02M | 469.27M | 439.22M | 412.58M | 387.22M |
| Other Receivables | 7.01M | 7.77M | 8.39M | 1.51M | 10.12M | 12.16M |
| Receivables | 591.91M | 552.80M | 477.65M | 440.73M | 422.71M | 399.38M |
| Inventory | 435.25M | 429.62M | 420.33M | 436.05M | 449.16M | 394.53M |
| Other Current Assets | 712.03M | 709.79M | 712.66M | 715.19M | 715.52M | 731.10M |
| Total Current Assets | 1.94B | 1.87B | 1.80B | 1.80B | 1.76B | 1.75B |
| Property, Plant & Equipment | 522.47M | 573.58M | 630.56M | 698.21M | 650.68M | 589.14M |
| Long-Term Investments | 164.47M | 164.47M | 177.59M | 176.36M | 171.28M | 162.81M |
| Other Intangible Assets | 1.77M | 2.40M | 3.23M | 4.07M | 4.90M | 2.77M |
| Total Assets | 2.63B | 2.61B | 2.61B | 2.67B | 2.59B | 2.51B |
| Accounts Payable | 15.28M | 19.21M | 8.79M | 9.82M | 10.50M | 10.17M |
| Accrued Expenses | 14.06M | 17.13M | 14.32M | 16.85M | 17.25M | 39.34M |
| Short-Term Debt | 68.79M | 68.76M | 65.97M | 146.72M | 93.60M | 97.75M |
| Current Portion of Long-Term Debt | 802.66K | 707.21K | 616.17K | 533.79K | 859.39K | |
| Current Income Taxes Payable | 41.74M | 30.32M | 29.32M | 29.96M | 26.41M | 27.25M |
| Other Current Liabilities | 24.70M | 22.81M | 52.97M | 52.75M | 48.01M | 19.86M |
| Total Current Liabilities | 165.37M | 158.94M | 171.98M | 256.63M | 196.64M | 194.37M |
| Long-Term Debt | 299.11K | 913.62K | 1.61M | 2.20M | 2.41M | |
| Pension & Post-Retirement Benefits | 9.55M | 19.50M | 18.52M | 17.14M | 20.84M | 18.28M |
| Long-Term Deferred Tax Liabilities | 44.02M | 45.51M | 50.15M | 50.07M | 46.95M | 20.45M |
| Total Liabilities | 219.24M | 224.86M | 242.24M | 326.04M | 266.83M | 233.09M |
| Common Stock | 914.76M | 914.76M | 914.76M | 914.76M | 914.76M | 914.76M |
| Additional Paid-In Capital | 465.60M | 465.60M | 465.60M | 465.60M | 465.60M | 465.60M |
| Retained Earnings | 953.21M | 934.79M | 906.13M | 878.97M | 854.05M | 817.16M |
| Comprehensive Income & Other | 74.35M | 74.35M | 85.50M | 89.42M | 84.85M | 77.23M |
| Total Common Equity | 2.41B | 2.39B | 2.37B | 2.35B | 2.32B | 2.27B |
| Shareholders' Equity | 2.41B | 2.39B | 2.37B | 2.35B | 2.32B | 2.27B |
| Total Liabilities & Equity | 2.63B | 2.61B | 2.61B | 2.67B | 2.59B | 2.51B |
| Total Debt | 69.89M | 70.38M | 68.19M | 149.45M | 96.87M | 97.75M |
| Net Cash (Debt) | 129.37M | 111.33M | 124.01M | 54.74M | 74.98M | 130.36M |
| Net Cash Per Share | 1.41 | 1.22 | 1.36 | 0.60 | 0.82 | 1.43 |
| Filing Date Shares Outstanding | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M |
| Total Common Shares Outstanding | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M | 91.48M |
| Working Capital | 1.77B | 1.71B | 1.63B | 1.54B | 1.56B | 1.56B |
| Book Value Per Share | 26.32 | 26.12 | 25.93 | 25.68 | 25.35 | 24.87 |
| Tangible Book Value | 2.41B | 2.39B | 2.37B | 2.34B | 2.31B | 2.27B |
| Tangible Book Value Per Share | 26.30 | 26.10 | 25.89 | 25.63 | 25.30 | 24.84 |
| Buildings | 229.91M | 229.91M | 229.91M | 229.91M | 229.91M | |
| Machinery | 1.23B | 1.21B | 1.21B | 1.02B | 949.23M | |
| Construction In Progress | 58.76M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 51.55M | 50.05M | 48.54M | 46.32M | 47.59M | 45.75M |
| Depreciation & Amortization | 72.63M | 72.11M | 75.14M | 79.80M | 69.21M | 77.19M |
| Asset Writedown & Restructuring Costs | 14.32M | |||||
| Other Operating Activities | 37.01M | 30.77M | 20.10M | 16.02M | 39.35M | 21.85M |
| Change in Accounts Receivable | -96.00M | -75.50M | -37.19M | -18.02M | -23.32M | -78.43M |
| Change in Inventory | -12.44M | -9.29M | 15.72M | 13.10M | -54.62M | -38.87M |
| Change in Accounts Payable | 93.99M | 61.12M | 2.21M | -2.93M | 13.93M | 23.28M |
| Change in Other Net Operating Assets | -3.05M | 6.04M | 1.22M | 2.92M | 18.98M | 1.75M |
| Operating Cash Flow | 143.70M | 135.30M | 125.74M | 137.20M | 111.11M | 66.83M |
| Capital Expenditures | -15.83M | -14.30M | -6.66M | -126.50M | -132.88M | -51.53M |
| Other Investing Activities | 1.54M | 1.54M | 1.54M | 1.54M | ||
| Investing Cash Flow | -14.29M | -12.76M | -5.12M | -124.96M | -132.88M | -51.53M |
| Short-Term Debt Issued | 1.65M | 4.70M | 53.12M | 386.10K | ||
| Long-Term Debt Issued | 3.26M | |||||
| Total Debt Issued | 282.03K | 1.65M | 4.70M | 53.12M | 3.26M | 386.10K |
| Short-Term Debt Repaid | -73.86M | -85.46M | -4.14M | -5.07M | ||
| Long-Term Debt Repaid | -601.33K | -508.66K | -534.14K | |||
| Total Debt Repaid | -85.03M | -74.46M | -85.97M | -534.14K | -4.14M | -5.07M |
| Net Debt Issued (Repaid) | -84.75M | -72.81M | -81.26M | 52.59M | -878.94K | -4.68M |
| Common Dividends Paid | -24.35M | -24.30M | -21.30M | -20.95M | -12.88M | -10.81M |
| Other Financing Activities | -40.07M | -36.90M | -31.55M | -12.83M | -22.38M | -19.12M |
| Financing Cash Flow | -149.17M | -134.01M | -134.11M | 18.80M | -36.15M | -34.61M |
| Foreign Exchange Rate Adjustments | 220.73K | 971.90K | 1.50M | 1.29M | 1.67M | -958.68K |
| Net Cash Flow | -19.54M | -10.50M | -11.99M | 32.34M | -56.26M | -20.27M |
| Free Cash Flow | 127.87M | 121.00M | 119.08M | 10.71M | -21.78M | 15.30M |
| Free Cash Flow Margin | 12.86% | 13.39% | 14.86% | 1.45% | -2.90% | 2.18% |
| Free Cash Flow Per Share | 1.40 | 1.32 | 1.30 | 0.12 | -0.24 | 0.17 |
| Levered Free Cash Flow | -6.96M | -10.56M | 73.35M | -14.28M | -77.33M | -31.32M |
| Unlevered Free Cash Flow | 16.17M | 10.51M | 88.22M | -4.35M | -68.87M | -21.87M |
| Cash Interest Paid | 40.07M | 36.94M | 31.95M | 12.62M | 18.13M | 19.12M |
| Cash Income Tax Paid | 12.68M | 13.07M | 10.11M | 12.96M | 8.14M | 7.06M |
| Change in Working Capital | -17.50M | -17.63M | -18.04M | -4.93M | -45.04M | -92.27M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.90B | 1.62B | 1.84B | 2.46B | 2.17B | 2.27B |
| Enterprise Value | 1.77B | 1.47B | 1.71B | 2.40B | 2.04B | 2.08B |
| Last Close Price | 20.80 | 17.21 | 18.97 | 24.86 | 21.47 | 22.01 |
| PE Ratio | 37.62 | 32.35 | 37.88 | 53.13 | 45.56 | 49.59 |
| PS Ratio | 1.91 | 1.79 | 2.29 | 3.34 | 2.89 | 3.23 |
| PB Ratio | 0.79 | 0.68 | 0.78 | 1.05 | 0.94 | 1.00 |
| P/TBV Ratio | 0.79 | 0.68 | 0.78 | 1.05 | 0.94 | 1.00 |
| P/FCF Ratio | 14.88 | 13.38 | 15.44 | 229.79 | 148.31 | |
| P/OCF Ratio | 13.24 | 11.97 | 14.62 | 17.93 | 19.51 | 33.95 |
| EV/Sales Ratio | 1.78 | 1.63 | 2.14 | 3.26 | 2.72 | 2.96 |
| EV/EBITDA Ratio | 11.20 | 9.66 | 11.97 | 16.72 | 13.45 | 13.75 |
| EV/EBIT Ratio | 20.70 | 18.33 | 25.23 | 37.71 | 24.73 | 28.13 |
| EV/FCF Ratio | 13.87 | 12.16 | 14.37 | 223.90 | 135.74 | |
| Debt / Equity Ratio | 0.03 | 0.03 | 0.03 | 0.06 | 0.04 | 0.04 |
| Debt / EBITDA Ratio | 0.44 | 0.46 | 0.48 | 1.04 | 0.64 | 0.65 |
| Debt / FCF Ratio | 0.55 | 0.58 | 0.57 | 13.96 | 6.39 | |
| Net Debt / Equity Ratio | -0.05 | -0.05 | -0.05 | -0.02 | -0.03 | -0.06 |
| Net Debt / EBITDA Ratio | -0.82 | -0.73 | -0.87 | -0.38 | -0.49 | -0.86 |
| Net Debt / FCF Ratio | -1.01 | -0.92 | -1.04 | -5.11 | 3.44 | -8.52 |
| Asset Turnover | 0.38 | 0.35 | 0.30 | 0.28 | 0.29 | 0.28 |
| Inventory Turnover | 1.88 | 1.72 | 1.53 | 1.35 | 1.37 | 1.45 |
| Quick Ratio | 4.78 | 4.62 | 3.90 | 2.51 | 3.02 | 3.23 |
| Current Ratio | 11.72 | 11.79 | 10.48 | 7.00 | 8.95 | 9.02 |
| Return on Equity (ROE) | 2.15% | 2.10% | 2.06% | 1.98% | 2.07% | 2.03% |
| Return on Assets (ROA) | 2.04% | 1.92% | 1.60% | 1.51% | 2.03% | 1.86% |
| Return on Invested Capital (ROIC) | 3.12% | 3.01% | 2.60% | 2.19% | 2.25% | 2.87% |
| Return on Capital Employed (ROCE) | 3.50% | 3.30% | 2.80% | 2.60% | 3.50% | 3.20% |
| Earnings Yield | 2.66% | 3.09% | 2.64% | 1.88% | 2.20% | 2.02% |
| FCF Yield | 6.72% | 7.47% | 6.48% | 0.43% | -1.00% | 0.67% |
| Dividend Yield | 2.36% | 2.83% | 2.49% | 1.86% | 2.11% | 2.02% |
| Payout Ratio | 47.23% | 48.55% | 43.87% | 45.24% | 27.07% | 23.62% |
| Total Shareholder Return | 2.36% | 2.83% | 2.49% | 1.86% | 2.11% | 2.02% |