DSE : DSSL
Dragon Sweater & Spinning Limited — Financial statements
Apparel and Other Finished Products Made From Fabrics and Similar Materials · Bangladesh
Last price 9.3 BDT (At close: Oct 28, 2026) · Market cap 1.88B
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Financial statements
Dragon Sweater & Spinning Limited (DSSL) reported revenue of 386.25M BDT (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | 386.25M | 505.85M | 1.04B | 1.67B | 1.87B | 1.76B |
| Cost of Revenue | 270.72M | 410.88M | 812.57M | 1.29B | 1.44B | 1.36B |
| Gross Profit | 115.54M | 94.96M | 226.69M | 384.30M | 433.47M | 405.63M |
| Selling, General & Admin | 69.53M | 80.33M | 110.57M | 101.49M | 141.43M | 140.63M |
| Operating Expenses | 69.53M | 80.33M | 110.57M | 101.49M | 141.43M | 140.63M |
| Operating Income | 46.01M | 14.63M | 116.12M | 282.81M | 292.03M | 265.00M |
| Interest Expense | -8.93M | -20.20M | -23.25M | -30.85M | ||
| Interest & Investment Income | 202.25K | 212.06K | 322.97K | 554.82K | 630.59K | 566.60K |
| Currency Exchange Gain (Loss) | 20.57M | 14.45M | 27.13M | 2.51M | 2.09M | 1.58M |
| Other Non Operating Income (Expenses) | 1.32M | 1.23M | 2.70M | 3.87M | 6.05M | 8.84M |
| Pretax Income | 68.09M | 30.52M | 137.34M | 269.55M | 277.56M | 245.14M |
| Income Tax Expense | 8.74M | 4.99M | 26.27M | 37.55M | 32.68M | 31.19M |
| Net Income | 59.35M | 25.53M | 111.07M | 232.00M | 244.88M | 213.95M |
| Net Income to Common | 59.35M | 25.53M | 111.07M | 232.00M | 244.88M | 213.95M |
| Shares Outstanding (Basic) | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M |
| Shares Outstanding (Diluted) | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M |
| EPS (Basic) | 0.28 | 0.12 | 0.53 | 1.10 | 1.16 | 1.01 |
| EPS (Diluted) | 0.28 | 0.12 | 0.53 | 1.10 | 1.16 | 1.01 |
| Free Cash Flow | 46.84M | 10.82M | 14.32M | 490.87K | 90.35M | 136.21M |
| Free Cash Flow Per Share | 0.22 | 0.05 | 0.07 | 0.00 | 0.43 | 0.65 |
| Dividend Per Share | 0.10 | 0.10 | 0.10 | 0.20 | 0.48 | |
| Gross Margin | 29.91% | 18.77% | 21.81% | 23.01% | 23.15% | 23.03% |
| Operating Margin | 11.91% | 2.89% | 11.17% | 16.93% | 15.60% | 15.04% |
| Profit Margin | 15.37% | 5.05% | 10.69% | 13.89% | 13.08% | 12.14% |
| Free Cash Flow Margin | 12.13% | 2.14% | 1.38% | 0.03% | 4.83% | 7.73% |
| EBITDA | 210.96M | 118.14M | 234.07M | 417.33M | 445.57M | 440.39M |
| EBITDA Margin | 54.62% | 23.35% | 22.52% | 24.99% | 23.79% | 25.00% |
| D&A For EBITDA | 164.95M | 103.51M | 117.95M | 134.52M | 153.54M | 175.39M |
| EBIT | 46.01M | 14.63M | 116.12M | 282.81M | 292.03M | 265.00M |
| EBIT Margin | 11.91% | 2.89% | 11.17% | 16.93% | 15.60% | 15.04% |
| Effective Tax Rate | 12.83% | 16.35% | 19.13% | 13.93% | 11.77% | 12.72% |
| Advertising Expenses | 1.11M | 4.34M | 6.28M | 6.81M | 6.58M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.99M | 27.62M | 30.61M | 147.07M | 177.43M | 178.45M |
| Cash & Short-Term Investments | 48.99M | 27.62M | 30.61M | 147.07M | 177.43M | 178.45M |
| Receivables | 2.13B | 2.21B | 2.31B | 2.19B | 1.84B | 1.49B |
| Inventory | 882.54M | 724.67M | 583.43M | 494.30M | 497.12M | 500.30M |
| Other Current Assets | 64.26M | 16.08M | 86.67M | 79.23M | 68.78M | 58.87M |
| Total Current Assets | 3.12B | 2.98B | 3.01B | 2.91B | 2.58B | 2.23B |
| Property, Plant & Equipment | 969.92M | 1.04B | 1.14B | 1.26B | 1.39B | 1.55B |
| Other Intangible Assets | 21.42M | 24.14M | 28.40M | 33.41M | 39.30M | 46.24M |
| Other Long-Term Assets | 1.00 | |||||
| Total Assets | 4.11B | 4.05B | 4.18B | 4.21B | 4.02B | 3.83B |
| Accounts Payable | 6.48M | 13.52M | 10.72M | 24.81M | 9.42M | |
| Accrued Expenses | 13.72M | 9.02M | 10.05M | 24.79M | 22.64M | 19.32M |
| Current Portion of Long-Term Debt | 9.39M | 12.22M | 20.54M | |||
| Current Income Taxes Payable | 168.58M | 153.83M | 299.43M | 271.97M | 230.58M | 186.09M |
| Other Current Liabilities | 28.04K | 28.04K | 28.04K | 28.04K | 6.98M | |
| Total Current Liabilities | 188.81M | 176.40M | 320.23M | 330.98M | 274.86M | 232.93M |
| Long-Term Debt | 93.88M | 122.20M | 205.35M | |||
| Long-Term Deferred Tax Liabilities | 43.21M | 50.15M | 57.24M | 58.43M | 62.26M | 74.07M |
| Total Liabilities | 232.01M | 226.55M | 377.47M | 483.29M | 459.32M | 512.36M |
| Common Stock | 2.11B | 2.11B | 2.11B | 2.11B | 2.01B | 1.75B |
| Retained Earnings | 1.37B | 1.27B | 1.20B | 1.06B | 924.65M | 862.29M |
| Comprehensive Income & Other | 408.27M | 442.95M | 495.82M | 556.29M | 625.53M | 704.87M |
| Shareholders' Equity | 3.88B | 3.82B | 3.81B | 3.72B | 3.56B | 3.31B |
| Total Liabilities & Equity | 4.11B | 4.05B | 4.18B | 4.21B | 4.02B | 3.83B |
| Total Debt | 103.27M | 134.42M | 225.89M | |||
| Net Cash (Debt) | 48.99M | 27.62M | 30.61M | 43.81M | 43.01M | -47.44M |
| Net Cash Per Share | 0.23 | 0.13 | 0.15 | 0.21 | 0.20 | -0.23 |
| Filing Date Shares Outstanding | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M |
| Total Common Shares Outstanding | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M | 210.79M |
| Working Capital | 2.93B | 2.81B | 2.69B | 2.58B | 2.31B | 2.00B |
| Book Value Per Share | 18.41 | 18.12 | 18.06 | 17.67 | 16.88 | 15.72 |
| Tangible Book Value | 3.86B | 3.79B | 3.78B | 3.69B | 3.52B | 3.27B |
| Tangible Book Value Per Share | 18.31 | 18.00 | 17.93 | 17.51 | 16.69 | 15.50 |
| Land | 256.50M | 256.50M | 256.50M | 256.50M | 256.50M | 256.50M |
| Buildings | 1.27B | 1.27B | 1.27B | 1.27B | 1.27B | 1.27B |
| Machinery | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | 59.35M | 25.53M | 111.07M | 232.00M | 213.95M | |
| Depreciation & Amortization | 164.95M | 103.51M | 117.95M | 134.52M | 175.39M | |
| Other Amortization | 3.78M | 4.26M | 5.01M | 5.90M | ||
| Other Operating Activities | -144.83M | -86.06M | 35.29M | 57.75M | 90.35M | -132.33M |
| Change in Accounts Receivable | 99.14M | 99.14M | -120.39M | -353.10M | ||
| Change in Inventory | -141.24M | -141.24M | -89.13M | -249.45K | ||
| Change in Accounts Payable | 2.80M | 2.80M | -14.08M | -28.32M | ||
| Change in Income Taxes | -10.27M | |||||
| Change in Other Net Operating Assets | 2.89M | 2.89M | -31.40M | -37.73M | ||
| Operating Cash Flow | 46.84M | 10.82M | 14.32M | 490.87K | 90.35M | 257.00M |
| Capital Expenditures | -120.79M | |||||
| Other Investing Activities | 40.26K | 51.84K | 322.97K | 305.37K | 91.74K | 566.60K |
| Investing Cash Flow | 40.26K | 51.84K | 322.97K | 305.37K | 91.74K | -120.22M |
| Long-Term Debt Repaid | -103.39M | -31.15M | -91.47M | -103.14M | ||
| Total Debt Repaid | -103.39M | -31.15M | -91.47M | -103.14M | ||
| Net Debt Issued (Repaid) | -103.39M | -31.15M | -91.47M | -103.14M | ||
| Common Dividends Paid | -14.30M | -13.86M | -27.72M | |||
| Financing Cash Flow | -14.30M | -13.86M | -131.11M | -31.15M | -91.47M | -103.14M |
| Foreign Exchange Rate Adjustments | 124.58K | 167.90K | ||||
| Miscellaneous Cash Flow Adjustments | 2.00 | |||||
| Net Cash Flow | 32.58M | -2.98M | -116.47M | -30.23M | -858.54K | 33.64M |
| Free Cash Flow | 46.84M | 10.82M | 14.32M | 490.87K | 90.35M | 136.21M |
| Free Cash Flow Margin | 12.13% | 2.14% | 1.38% | 0.03% | 4.83% | 7.73% |
| Free Cash Flow Per Share | 0.22 | 0.05 | 0.07 | 0.00 | 0.43 | 0.65 |
| Levered Free Cash Flow | 93.99M | 1.57M | -28.37M | 2.77M | -135.11M | 72.60M |
| Unlevered Free Cash Flow | 93.99M | 1.57M | -22.79M | 15.39M | -120.58M | 91.88M |
| Cash Interest Paid | 148.35K | 148.35K | 9.02M | 86.20M | 23.25M | 30.85M |
| Cash Income Tax Paid | 91.20M | 91.20M | 10.27M | 9.22M | 9.58M | |
| Change in Working Capital | -36.42M | -36.42M | -255.00M | -429.67M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.88B | 1.92B | 3.58B | 3.79B | 3.75B | 1.66B |
| Enterprise Value | 1.90B | 3.43B | 3.61B | 3.75B | 1.57B | |
| Last Close Price | 8.90 | 8.97 | 16.66 | 17.43 | 16.78 | 7.41 |
| PE Ratio | 31.61 | 75.13 | 32.26 | 16.36 | 15.33 | 7.75 |
| PS Ratio | 4.86 | 3.79 | 3.45 | 2.27 | 2.00 | 0.94 |
| PB Ratio | 0.48 | 0.50 | 0.94 | 1.02 | 1.05 | 0.50 |
| P/TBV Ratio | 0.49 | 0.51 | 0.95 | 1.03 | 1.07 | 0.51 |
| P/FCF Ratio | 40.05 | 177.23 | 250.27 | 7,729.72 | 41.55 | 12.18 |
| P/OCF Ratio | 40.05 | 177.23 | 250.27 | 7,729.72 | 41.55 | 6.45 |
| EV/Sales Ratio | 3.76 | 3.30 | 2.16 | 2.00 | 0.89 | |
| EV/EBITDA Ratio | 16.10 | 14.64 | 8.65 | 8.41 | 3.58 | |
| EV/EBIT Ratio | 129.99 | 29.51 | 12.77 | 12.84 | 5.94 | |
| EV/FCF Ratio | 175.71 | 239.34 | 7,357.05 | 41.49 | 11.56 | |
| Debt / Equity Ratio | 0.03 | 0.04 | 0.07 | |||
| Debt / EBITDA Ratio | 0.25 | 0.30 | 0.51 | |||
| Debt / FCF Ratio | 210.38 | 1.49 | 1.66 | |||
| Net Debt / Equity Ratio | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 |
| Net Debt / EBITDA Ratio | -0.23 | -0.23 | -0.13 | -0.10 | -0.10 | 0.11 |
| Net Debt / FCF Ratio | -1.05 | -2.55 | -2.14 | -89.25 | -0.48 | 0.35 |
| Asset Turnover | 0.09 | 0.12 | 0.25 | 0.41 | 0.48 | 0.47 |
| Inventory Turnover | 0.33 | 0.63 | 1.51 | 2.59 | 2.89 | 2.67 |
| Quick Ratio | 11.52 | 12.71 | 7.32 | 7.07 | 7.34 | 7.18 |
| Current Ratio | 16.54 | 16.91 | 9.41 | 8.80 | 9.40 | 9.58 |
| Return on Equity (ROE) | 1.54% | 0.67% | 2.95% | 6.37% | 7.13% | 6.67% |
| Return on Assets (ROA) | 0.69% | 0.22% | 1.73% | 4.30% | 4.66% | 4.41% |
| Return on Invested Capital (ROIC) | 1.05% | 0.32% | 2.52% | 6.77% | 7.50% | 6.96% |
| Return on Capital Employed (ROCE) | 1.20% | 0.40% | 3.00% | 7.30% | 7.80% | 7.40% |
| Earnings Yield | 3.16% | 1.33% | 3.10% | 6.11% | 6.52% | 12.90% |
| FCF Yield | 2.50% | 0.56% | 0.40% | 0.01% | 2.41% | 8.21% |
| Dividend Yield | 0.56% | 1.10% | 0.59% | 1.11% | 2.67% | |
| Payout Ratio | 24.09% | 54.28% | 24.96% | |||
| Total Shareholder Return | 0.56% | 1.10% | 0.59% | 1.11% | 2.67% |