DSE : CROWNCEMNT
Crown Cement PLC — Financial statements
Cement, Hydraulic · Bangladesh
Last price 57 BDT (At close: Oct 28, 2026) · Market cap 8.46B
Latest research: Crown Cement financial analysis: 4 mt of sales but finance cost takes 55% of operating profit (Oct 2026) · Crown Cement: one of the largest grinders, but interest, the taka and tax take most of the margin
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Financial statements
Crown Cement PLC (CROWNCEMNT) reported revenue of 34.20B 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 | 34.20B | 32.85B | 27.90B | 24.18B | 19.14B | 16.32B |
| Cost of Revenue | 30.79B | 28.36B | 23.74B | 20.45B | 17.56B | 14.10B |
| Gross Profit | 3.41B | 4.49B | 4.15B | 3.73B | 1.58B | 2.21B |
| Selling, General & Admin | 1.74B | 1.71B | 1.16B | 925.63M | 767.04M | 821.98M |
| Other Operating Expenses | -432.48M | -348.19M | -211.12M | -122.60M | -51.40M | -127.02M |
| Operating Expenses | 1.31B | 1.36B | 946.26M | 803.04M | 715.64M | 694.96M |
| Operating Income | 2.10B | 3.13B | 3.21B | 2.93B | 861.03M | 1.52B |
| Interest Expense | -1.34B | -1.53B | -1.21B | -571.32M | -271.23M | -545.78M |
| Interest & Investment Income | 15.32M | 42.89M | 24.81M | 38.64M | 32.26M | 52.76M |
| Earnings From Equity Investments | 41.60M | 41.60M | 41.98M | 40.21M | 54.74M | 49.79M |
| Currency Exchange Gain (Loss) | -26.99M | -199.62M | -403.44M | -790.56M | -499.73M | -2.88M |
| Other Non Operating Income (Expenses) | -25.51M | -17.44M | -15.73M | -64.40K | -1.52M | -12.75M |
| EBT Excluding Unusual Items | 759.88M | 1.46B | 1.64B | 1.64B | 175.55M | 1.06B |
| Gain (Loss) on Sale of Investments | -862.11K | -11.21M | -9.43M | -4.38M | 4.90M | 16.44M |
| Gain (Loss) on Sale of Assets | 2.11M | -5.58M | -441.75K | 87.05K | 958.69K | -22.96M |
| Pretax Income | 761.25M | 1.44B | 1.63B | 1.64B | 181.40M | 1.05B |
| Income Tax Expense | 365.44M | 773.06M | 632.85M | 1.03B | 410.67M | 194.95M |
| Net Income | 395.81M | 671.55M | 1.00B | 610.45M | -229.27M | 859.22M |
| Net Income to Common | 395.81M | 671.55M | 1.00B | 610.45M | -229.27M | 859.22M |
| Shares Outstanding (Basic) | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M |
| Shares Outstanding (Diluted) | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M |
| EPS (Basic) | 2.67 | 4.52 | 6.74 | 4.11 | -1.54 | 5.79 |
| EPS (Diluted) | 2.67 | 4.52 | 6.74 | 4.11 | -1.54 | 5.79 |
| Free Cash Flow | 2.21B | 1.66B | -2.96B | -2.44B | 2.26B | 3.08B |
| Free Cash Flow Per Share | 14.89 | 11.20 | -19.93 | -16.44 | 15.20 | 20.71 |
| Dividend Per Share | 2.10 | 2.10 | 2.10 | 2.00 | 1.00 | 2.00 |
| Gross Margin | 9.97% | 13.67% | 14.89% | 15.42% | 8.24% | 13.57% |
| Operating Margin | 6.13% | 9.52% | 11.50% | 12.10% | 4.50% | 9.31% |
| Profit Margin | 1.16% | 2.04% | 3.59% | 2.52% | -1.20% | 5.27% |
| Free Cash Flow Margin | 6.47% | 5.06% | -10.61% | -10.09% | 11.79% | 18.85% |
| EBITDA | 3.30B | 4.35B | 4.12B | 3.53B | 1.50B | 2.20B |
| EBITDA Margin | 9.65% | 13.24% | 14.75% | 14.62% | 7.86% | 13.50% |
| D&A For EBITDA | 1.20B | 1.22B | 908.07M | 608.70M | 643.97M | 682.66M |
| EBIT | 2.10B | 3.13B | 3.21B | 2.93B | 861.03M | 1.52B |
| EBIT Margin | 6.13% | 9.52% | 11.50% | 12.10% | 4.50% | 9.31% |
| Effective Tax Rate | 48.00% | 53.51% | 38.73% | 62.74% | 226.39% | 18.49% |
| Revenue as Reported | 34.20B | 32.85B | 27.90B | 24.18B | ||
| Advertising Expenses | 341.87M | 177.16M | 88.53M | 87.42M | 84.00M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 364.23M | 330.97M | 333.51M | 893.90M | 222.65M | 170.00M |
| Short-Term Investments | 67.27M | 434.18M | 688.03M | 667.87M | 1.77B | 792.06M |
| Cash & Short-Term Investments | 431.50M | 765.15M | 1.02B | 1.56B | 1.99B | 962.06M |
| Accounts Receivable | 3.11B | 3.21B | 2.97B | 2.55B | 2.25B | 2.64B |
| Other Receivables | 384.99M | 233.22M | 173.35M | 120.47M | 164.28M | 164.07M |
| Receivables | 3.49B | 3.44B | 3.14B | 2.67B | 2.41B | 2.80B |
| Inventory | 4.10B | 3.98B | 3.28B | 2.19B | 1.63B | 1.69B |
| Prepaid Expenses | 13.43M | 13.00M | 40.29M | 10.27M | 40.15M | |
| Other Current Assets | 3.54B | 2.87B | 4.65B | 4.53B | 3.38B | 3.12B |
| Total Current Assets | 11.57B | 11.07B | 12.13B | 10.96B | 9.42B | 8.61B |
| Property, Plant & Equipment | 15.60B | 15.72B | 14.76B | 11.44B | 8.06B | 8.01B |
| Long-Term Investments | 508.58M | 508.58M | 466.98M | 425.00M | 384.28M | 331.05M |
| Other Intangible Assets | 11.77M | 11.55M | 16.67M | 21.58M | 26.66M | 31.74M |
| Other Long-Term Assets | -1.00 | -1.00 | ||||
| Total Assets | 27.68B | 27.31B | 27.38B | 22.85B | 17.89B | 16.99B |
| Accounts Payable | 759.23M | 694.99M | 126.22M | 1.50B | 1.71B | 360.26M |
| Accrued Expenses | 306.73M | 210.83M | 226.52M | 133.14M | 108.53M | 223.89M |
| Short-Term Debt | 7.62B | 9.39B | 9.57B | 9.34B | 6.83B | 5.92B |
| Current Portion of Long-Term Debt | 996.14M | 814.80M | 439.60M | 11.05M | 40.56M | 754.29M |
| Current Portion of Leases | 32.89M | 34.98M | 28.84M | 34.94M | 21.34M | 296.73M |
| Current Income Taxes Payable | 1.30B | 1.01B | 2.46B | 1.87B | 814.61M | 374.82M |
| Other Current Liabilities | 1.44B | 313.09M | 179.98M | 92.70M | 173.47M | 232.71M |
| Total Current Liabilities | 12.46B | 12.47B | 13.02B | 12.98B | 9.70B | 8.17B |
| Long-Term Debt | 5.18B | 4.68B | 4.92B | 1.17B | 48.66M | 140.58M |
| Long-Term Leases | 60.38M | 75.99M | 90.39M | 100.65M | 21.34M | |
| Pension & Post-Retirement Benefits | 132.04M | 178.13M | 280.43M | 287.33M | 255.12M | 221.07M |
| Long-Term Deferred Tax Liabilities | 609.04M | 597.72M | 603.46M | 565.42M | 582.29M | 616.61M |
| Other Long-Term Liabilities | -1.00 | -1.00 | 1.00 | |||
| Total Liabilities | 18.44B | 18.01B | 18.92B | 15.10B | 10.58B | 9.17B |
| Common Stock | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B |
| Additional Paid-In Capital | 2.96B | 2.96B | 2.96B | 2.96B | 2.96B | 2.96B |
| Retained Earnings | 3.64B | 3.68B | 3.28B | 2.56B | 2.08B | 2.58B |
| Comprehensive Income & Other | 1.17B | 1.18B | 737.88M | 752.63M | 780.92M | 798.80M |
| Shareholders' Equity | 9.25B | 9.30B | 8.46B | 7.75B | 7.30B | 7.82B |
| Total Liabilities & Equity | 27.68B | 27.31B | 27.38B | 22.85B | 17.89B | 16.99B |
| Total Debt | 13.88B | 15.00B | 15.04B | 10.65B | 6.94B | 7.14B |
| Net Cash (Debt) | -13.45B | -14.23B | -14.02B | -9.09B | -4.94B | -6.17B |
| Net Cash Per Share | -90.59 | -95.85 | -94.42 | -61.20 | -33.29 | -41.57 |
| Filing Date Shares Outstanding | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M |
| Total Common Shares Outstanding | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M | 148.50M |
| Working Capital | -891.15M | -1.40B | -890.86M | -2.02B | -281.53M | 449.16M |
| Book Value Per Share | 62.28 | 62.66 | 56.99 | 52.22 | 49.18 | 52.69 |
| Tangible Book Value | 9.24B | 9.29B | 8.45B | 7.73B | 7.28B | 7.79B |
| Tangible Book Value Per Share | 62.20 | 62.58 | 56.88 | 52.07 | 49.00 | 52.47 |
| Land | 2.85B | 2.55B | 2.03B | 1.47B | 1.46B | 1.39B |
| Buildings | 2.82B | 2.78B | 2.35B | 1.18B | 1.04B | 1.04B |
| Machinery | 15.58B | 15.20B | 14.21B | 8.46B | 8.14B | 8.12B |
| Construction In Progress | 189.94M | 245.82M | 136.40M | 5.03B | 1.66B | 785.09M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 395.81M | 671.55M | 1.00B | 610.45M | -229.27M | 859.22M |
| Depreciation & Amortization | 1.23B | 1.25B | 931.53M | 635.99M | 1.04B | 953.68M |
| Loss (Gain) From Sale of Assets | -2.11M | 5.58M | -441.75K | -87.05K | -958.69K | 22.96M |
| Loss (Gain) From Sale of Investments | 862.11K | 11.21M | 9.38M | 4.37M | -6.17M | |
| Loss (Gain) on Equity Investments | -49.79M | |||||
| Other Operating Activities | 917.49M | 1.70B | 1.95B | 2.16B | 743.40M | 379.68M |
| Change in Accounts Receivable | 428.06M | -238.82M | -423.46M | -300.55M | 382.51M | 1.10B |
| Change in Inventory | -1.04B | -706.46M | -1.09B | -557.70M | 56.86M | 80.34M |
| Change in Accounts Payable | 1.62B | 568.76M | -1.38B | -212.47M | 1.33B | 178.75M |
| Change in Other Net Operating Assets | 654.71M | 599.18M | 289.39M | -640.27M | -86.84M | 106.02M |
| Operating Cash Flow | 4.21B | 3.86B | 1.29B | 1.70B | 3.24B | 3.62B |
| Capital Expenditures | -1.99B | -2.20B | -4.25B | -4.14B | -985.58M | -547.63M |
| Sale of Property, Plant & Equipment | 7.14M | 95.08K | 7.54M | 1.37M | 6.35M | 300.87M |
| Investment in Securities | 346.82M | 242.65M | -29.55M | 1.10B | -972.21M | 767.69M |
| Other Investing Activities | 28.28M | 31.75M | 18.44M | 51.52M | 24.78M | 31.60M |
| Investing Cash Flow | -1.61B | -1.92B | -4.26B | -2.99B | -1.93B | 552.53M |
| Short-Term Debt Issued | 200.54M | 657.93M | 2.48B | 188.81M | ||
| Long-Term Debt Issued | 3.75B | 1.12B | ||||
| Total Debt Issued | 392.04M | 200.54M | 4.41B | 3.60B | 188.81M | |
| Short-Term Debt Repaid | -2.87B | |||||
| Long-Term Debt Repaid | -266.65M | -27.91M | -31.37M | -494.89M | -814.26M | |
| Lease Payments | -32.89M | -30.90M | -27.91M | -31.37M | -402.98M | -289.64M |
| Total Debt Repaid | -1.55B | -266.65M | -27.91M | -31.37M | -494.89M | -3.69B |
| Net Debt Issued (Repaid) | -1.16B | -66.12M | 4.38B | 3.57B | -306.08M | -3.69B |
| Common Dividends Paid | -311.78M | -310.14M | -341.44M | -232.08M | -234.69M | -104.73M |
| Other Financing Activities | -1.20B | -1.56B | -1.64B | -1.37B | -721.99M | -587.86M |
| Financing Cash Flow | -2.66B | -1.94B | 2.40B | 1.96B | -1.26B | -4.38B |
| Miscellaneous Cash Flow Adjustments | 1.00 | |||||
| Net Cash Flow | -70.98M | -2.53M | -560.40M | 671.25M | 52.65M | -201.75M |
| Free Cash Flow | 2.21B | 1.66B | -2.96B | -2.44B | 2.26B | 3.08B |
| Free Cash Flow Margin | 6.47% | 5.06% | -10.61% | -10.09% | 11.79% | 18.85% |
| Free Cash Flow Per Share | 14.89 | 11.20 | -19.93 | -16.44 | 15.20 | 20.71 |
| Levered Free Cash Flow | 787.41M | 95.96M | -4.39B | -3.22B | 2.27B | 2.39B |
| Unlevered Free Cash Flow | 1.63B | 1.05B | -3.63B | -2.87B | 2.44B | 2.74B |
| Free Cash Flow After Leases | 2.18B | 1.63B | -2.99B | -2.47B | 1.85B | 2.79B |
| Cash Interest Paid | 1.20B | 1.56B | 1.64B | 1.37B | 709.14M | 587.88M |
| Cash Income Tax Paid | 790.07M | 760.02M | 261.27M | 163.94M | 291.77M | 397.41M |
| Change in Working Capital | 1.66B | 222.67M | -2.60B | -1.71B | 1.69B | 1.46B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.38B | 6.92B | 9.36B | 11.05B | 11.60B | 10.65B |
| Enterprise Value | 21.83B | 21.10B | 23.30B | 19.14B | 17.92B | 16.73B |
| Last Close Price | 56.40 | 44.57 | 57.95 | 66.66 | 69.04 | 61.51 |
| PE Ratio | 21.16 | 10.30 | 9.34 | 18.10 | 12.39 | |
| PS Ratio | 0.24 | 0.21 | 0.34 | 0.46 | 0.61 | 0.65 |
| PB Ratio | 0.91 | 0.74 | 1.10 | 1.43 | 1.59 | 1.36 |
| P/TBV Ratio | 0.91 | 0.74 | 1.11 | 1.43 | 1.59 | 1.37 |
| P/FCF Ratio | 3.79 | 4.16 | 5.14 | 3.46 | ||
| P/OCF Ratio | 1.99 | 1.79 | 7.23 | 6.51 | 3.58 | 2.94 |
| EV/Sales Ratio | 0.64 | 0.64 | 0.83 | 0.79 | 0.94 | 1.02 |
| EV/EBITDA Ratio | 6.48 | 4.85 | 5.66 | 5.42 | 11.91 | 7.60 |
| EV/EBIT Ratio | 10.21 | 6.75 | 7.26 | 6.54 | 20.81 | 11.01 |
| EV/FCF Ratio | 9.87 | 12.69 | 7.94 | 5.44 | ||
| Debt / Equity Ratio | 1.50 | 1.61 | 1.78 | 1.37 | 0.95 | 0.91 |
| Debt / EBITDA Ratio | 4.17 | 3.43 | 3.63 | 2.99 | 3.64 | 2.89 |
| Debt / FCF Ratio | 6.28 | 9.02 | 3.07 | 2.32 | ||
| Net Debt / Equity Ratio | 1.46 | 1.53 | 1.66 | 1.17 | 0.68 | 0.79 |
| Net Debt / EBITDA Ratio | 4.07 | 3.27 | 3.41 | 2.57 | 3.29 | 2.80 |
| Net Debt / FCF Ratio | 6.08 | 8.56 | -4.74 | -3.72 | 2.19 | 2.01 |
| Asset Turnover | 1.22 | 1.20 | 1.11 | 1.19 | 1.10 | 0.91 |
| Inventory Turnover | 8.62 | 7.82 | 8.69 | 10.71 | 10.59 | 8.16 |
| Quick Ratio | 0.32 | 0.34 | 0.32 | 0.33 | 0.45 | 0.46 |
| Current Ratio | 0.93 | 0.89 | 0.93 | 0.84 | 0.97 | 1.05 |
| Return on Equity (ROE) | 4.42% | 7.56% | 12.35% | 8.11% | -3.03% | 11.68% |
| Return on Assets (ROA) | 4.68% | 7.15% | 7.99% | 8.98% | 3.09% | 5.27% |
| Return on Invested Capital (ROIC) | 4.74% | 6.32% | 10.00% | 7.50% | -8.29% | 8.39% |
| Return on Capital Employed (ROCE) | 13.80% | 21.10% | 22.40% | 29.60% | 10.50% | 17.20% |
| Earnings Yield | 4.73% | 9.70% | 10.70% | 5.53% | -1.98% | 8.07% |
| FCF Yield | 26.40% | 24.03% | -31.63% | -22.09% | 19.46% | 28.89% |
| Dividend Yield | 3.72% | 4.51% | 3.33% | 2.69% | 1.28% | 2.79% |
| Payout Ratio | 78.77% | 46.18% | 34.10% | 38.02% | 12.19% | |
| Total Shareholder Return | 3.72% | 4.51% | 3.33% | 2.69% | 1.28% | 2.79% |