DSE : EHL
Eastern Housing Limited — Financial statements
Real Estate · Bangladesh
Last price 76.3 BDT (At close: Oct 28, 2026) · Market cap 7.12B
Latest research: Eastern Housing financial analysis: land plots and bank interest drive profit, no debt (Oct 2026) · Eastern Housing: a land-plot seller at Aftabnagar that holds 6.9 years of inventory, BDT 14.2bn of customer money and no debt, with bank deposits now earning 41% of pre-tax profit
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Financial statements
Eastern Housing Limited (EHL) reported revenue of 3.15B 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 | 3.15B | 3.03B | 2.75B | 3.09B | 3.31B | 2.64B |
| Cost of Revenue | 1.99B | 1.96B | 1.83B | 2.03B | 2.32B | 1.78B |
| Gross Profit | 1.16B | 1.07B | 924.52M | 1.06B | 992.97M | 862.89M |
| Selling, General & Admin | 412.74M | 390.41M | 382.31M | 399.17M | 382.69M | 360.52M |
| Research & Development | 202.00K | 202.00K | 187.00K | 176.00K | 175.00K | 180.00K |
| Other Operating Expenses | -14.12M | -14.59M | -6.25M | -15.08M | -14.90M | -11.59M |
| Operating Expenses | 466.21M | 443.41M | 430.64M | 440.55M | 427.47M | 420.64M |
| Operating Income | 695.41M | 627.66M | 493.88M | 619.36M | 565.50M | 442.25M |
| Interest Expense | -4.73M | -4.73M | -3.99M | -4.86M | -4.13M | -6.59M |
| Interest & Investment Income | 441.70M | 441.70M | 298.70M | 263.36M | 141.26M | 53.50M |
| Other Non Operating Income (Expenses) | 7.66M | -3.29M | -2.76M | -1.80M | -1.57M | |
| EBT Excluding Unusual Items | 1.14B | 1.06B | 785.30M | 875.10M | 700.82M | 487.59M |
| Merger & Restructuring Charges | -159.50K | |||||
| Gain (Loss) on Sale of Assets | -191.88K | -191.88K | -15.29K | 346.56K | 3.12M | |
| Pretax Income | 1.14B | 1.06B | 785.29M | 875.45M | 700.82M | 490.55M |
| Income Tax Expense | 305.84M | 292.19M | 221.46M | 187.38M | 151.73M | 119.02M |
| Net Income | 834.01M | 772.25M | 563.83M | 688.06M | 549.09M | 371.53M |
| Net Income to Common | 834.01M | 772.25M | 563.83M | 688.06M | 549.09M | 371.53M |
| Shares Outstanding (Basic) | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M |
| Shares Outstanding (Diluted) | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M |
| EPS (Basic) | 8.93 | 8.27 | 6.04 | 7.37 | 5.88 | 3.98 |
| EPS (Diluted) | 8.93 | 8.27 | 6.04 | 7.37 | 5.88 | 3.98 |
| Free Cash Flow | -753.06M | 231.32M | -979.46M | 1.86B | 2.03B | 997.44M |
| Free Cash Flow Per Share | -8.07 | 2.48 | -10.49 | 19.92 | 21.70 | 10.69 |
| Dividend Per Share | 2.50 | 2.50 | 1.90 | 2.50 | 2.00 | 1.50 |
| Gross Margin | 36.87% | 35.34% | 33.62% | 34.35% | 29.97% | 32.65% |
| Operating Margin | 22.07% | 20.71% | 17.96% | 20.07% | 17.07% | 16.73% |
| Profit Margin | 26.47% | 25.48% | 20.50% | 22.30% | 16.57% | 14.06% |
| Free Cash Flow Margin | -23.90% | 7.63% | -35.62% | 60.25% | 61.15% | 37.74% |
| EBITDA | 745.34M | 685.66M | 533.03M | 658.23M | 605.57M | 483.51M |
| EBITDA Margin | 23.66% | 22.62% | 19.38% | 21.33% | 18.28% | 18.30% |
| D&A For EBITDA | 49.92M | 58.00M | 39.15M | 38.87M | 40.08M | 41.26M |
| EBIT | 695.41M | 627.66M | 493.88M | 619.36M | 565.50M | 442.25M |
| EBIT Margin | 22.07% | 20.71% | 17.96% | 20.07% | 17.07% | 16.73% |
| Effective Tax Rate | 26.83% | 27.45% | 28.20% | 21.40% | 21.65% | 24.26% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 195.74M | 136.43M | 146.83M | 140.64M | 143.91M | 178.52M |
| Short-Term Investments | 3.78B | 4.55B | 4.09B | 5.02B | 3.35B | 1.36B |
| Cash & Short-Term Investments | 3.97B | 4.69B | 4.24B | 5.16B | 3.49B | 1.54B |
| Accounts Receivable | 77.99M | 14.12M | 16.13M | 154.64M | 143.31M | 107.34M |
| Other Receivables | 122.00M | 82.49M | ||||
| Receivables | 77.99M | 136.12M | 98.62M | 154.64M | 143.31M | 107.34M |
| Inventory | 14.67B | 13.76B | 14.03B | 13.32B | 13.73B | 14.51B |
| Other Current Assets | 762.24M | 663.54M | 692.06M | 653.32M | 673.97M | 620.01M |
| Total Current Assets | 19.49B | 19.25B | 19.06B | 19.28B | 18.04B | 16.78B |
| Property, Plant & Equipment | 4.64B | 4.68B | 4.70B | 4.75B | 4.71B | 4.76B |
| Long-Term Investments | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M |
| Long-Term Deferred Tax Assets | 928.81K | 13.29M | 10.77M | 11.57M | 8.26M | 5.07M |
| Other Long-Term Assets | 242.33M | 251.61M | ||||
| Total Assets | 24.38B | 24.20B | 23.77B | 24.05B | 22.76B | 21.54B |
| Accounts Payable | 39.81M | 42.93M | 24.99M | 110.18M | 61.73M | 22.14M |
| Accrued Expenses | 113.39M | 120.02M | 101.75M | 109.24M | 102.37M | 85.51M |
| Short-Term Debt | 860.95K | |||||
| Current Portion of Leases | 1.60M | 8.17M | 10.76M | 37.10M | 20.92M | 30.85M |
| Current Income Taxes Payable | 24.07M | 14.07M | 6.63M | 22.81M | 17.02M | 10.68M |
| Current Unearned Revenue | 13.96B | 14.21B | 14.43B | 14.86B | 13.91B | 13.07B |
| Other Current Liabilities | 1.36B | 1.27B | 1.26B | 1.31B | 1.35B | 1.45B |
| Total Current Liabilities | 15.49B | 15.67B | 15.83B | 16.45B | 15.47B | 14.67B |
| Long-Term Debt | 202.50M | 202.50M | ||||
| Long-Term Leases | 20.03M | 20.03M | 23.64M | 6.83M | 6.89M | 18.28M |
| Pension & Post-Retirement Benefits | 75.45M | 107.39M | 117.53M | 110.77M | 102.85M | 89.87M |
| Total Liabilities | 15.59B | 15.80B | 15.97B | 16.57B | 15.78B | 14.98B |
| Common Stock | 933.45M | 933.45M | 933.45M | 933.45M | 933.45M | 933.45M |
| Retained Earnings | 3.98B | 3.59B | 3.00B | 2.67B | 2.17B | 1.76B |
| Comprehensive Income & Other | 3.87B | 3.87B | 3.87B | 3.87B | 3.87B | 3.87B |
| Shareholders' Equity | 8.79B | 8.40B | 7.81B | 7.48B | 6.97B | 6.56B |
| Total Liabilities & Equity | 24.38B | 24.20B | 23.77B | 24.05B | 22.76B | 21.54B |
| Total Debt | 21.63M | 28.20M | 34.40M | 43.93M | 230.32M | 252.48M |
| Net Cash (Debt) | 3.95B | 4.66B | 4.21B | 5.11B | 3.26B | 1.29B |
| Net Cash Per Share | 42.32 | 49.92 | 45.06 | 54.79 | 34.96 | 13.78 |
| Filing Date Shares Outstanding | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M |
| Total Common Shares Outstanding | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M | 93.35M |
| Working Capital | 3.99B | 3.58B | 3.24B | 2.83B | 2.57B | 2.11B |
| Book Value Per Share | 94.15 | 89.99 | 83.62 | 80.08 | 74.71 | 70.33 |
| Tangible Book Value | 8.79B | 8.40B | 7.81B | 7.48B | 6.97B | 6.56B |
| Tangible Book Value Per Share | 94.15 | 89.99 | 83.62 | 80.08 | 74.71 | 70.33 |
| Land | 4.00B | 4.00B | 4.00B | 4.00B | 4.00B | |
| Buildings | 811.73M | 811.73M | 811.73M | 763.64M | 763.64M | |
| Machinery | 334.25M | 294.94M | 189.71M | 181.89M | 172.97M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 834.01M | 772.25M | 563.83M | 688.06M | 549.09M | 371.53M |
| Depreciation & Amortization | 67.32M | 68.97M | 56.14M | 58.21M | 61.64M | 73.88M |
| Loss (Gain) From Sale of Assets | 2.74M | 191.88K | 15.29K | -346.56K | -3.12M | |
| Other Operating Activities | -435.21M | -441.77M | -312.06M | -241.49M | -126.04M | -53.39M |
| Change in Accounts Receivable | 1.62M | 2.01M | 46.73M | 32.61M | 9.43M | 202.19M |
| Change in Inventory | -354.93M | 277.41M | -794.38M | 504.35M | 804.86M | -173.78M |
| Change in Accounts Payable | 179.30M | 51.54M | -148.25M | 17.26M | 18.95M | -89.64M |
| Change in Unearned Revenue | -586.45M | -211.69M | -433.39M | 944.38M | 845.11M | 597.16M |
| Change in Other Net Operating Assets | -455.87M | -248.12M | 48.92M | -83.79M | -128.46M | 128.60M |
| Operating Cash Flow | -747.47M | 270.79M | -972.44M | 1.92B | 2.03B | 1.05B |
| Capital Expenditures | -5.58M | -39.48M | -7.03M | -60.07M | -8.93M | -56.00M |
| Sale of Property, Plant & Equipment | 1.70M | 1.70M | 730.00K | 6.80M | ||
| Investment in Securities | 621.75M | -457.31M | 923.98M | -1.67B | -1.99B | -857.43M |
| Other Investing Activities | 448.95M | 402.18M | 308.00M | 219.41M | 95.86M | 53.50M |
| Investing Cash Flow | 1.07B | -92.90M | 1.22B | -1.51B | -1.90B | -853.12M |
| Short-Term Debt Repaid | -860.95K | -431.59K | ||||
| Long-Term Debt Repaid | -10.94M | -9.54M | -223.11M | -21.30M | -1.11M | |
| Total Debt Repaid | -9.22M | -10.94M | -9.54M | -223.11M | -22.16M | -1.54M |
| Net Debt Issued (Repaid) | -9.22M | -10.94M | -9.54M | -223.11M | -22.16M | -1.54M |
| Common Dividends Paid | -233.36M | -177.36M | -233.36M | -186.69M | -140.02M | -140.02M |
| Other Financing Activities | -3.42M | -4.41M | -4.81M | -5.67M | ||
| Financing Cash Flow | -242.58M | -188.29M | -246.32M | -414.21M | -167.00M | -147.23M |
| Net Cash Flow | 76.77M | -10.40M | 6.19M | -3.27M | -34.61M | 53.08M |
| Free Cash Flow | -753.06M | 231.32M | -979.46M | 1.86B | 2.03B | 997.44M |
| Free Cash Flow Margin | -23.90% | 7.63% | -35.62% | 60.25% | 61.15% | 37.74% |
| Free Cash Flow Per Share | -8.07 | 2.48 | -10.49 | 19.92 | 21.70 | 10.69 |
| Levered Free Cash Flow | -699.23M | 526.49M | -940.12M | 1.77B | 1.91B | 654.71M |
| Unlevered Free Cash Flow | -696.27M | 529.44M | -937.62M | 1.77B | 1.91B | 658.83M |
| Cash Interest Paid | 3.42M | 4.41M | 4.81M | 5.67M | ||
| Cash Income Tax Paid | 291.70M | 292.26M | 238.23M | 169.92M | 140.48M | 125.42M |
| Change in Working Capital | -1.22B | -128.85M | -1.28B | 1.41B | 1.55B | 664.53M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.12B | 6.70B | 6.92B | 9.75B | 5.39B | 5.04B |
| Enterprise Value | 3.17B | 2.21B | 2.62B | 4.77B | 2.18B | 4.40B |
| Last Close Price | 76.30 | 69.73 | 69.87 | 96.06 | 52.18 | 47.68 |
| PE Ratio | 8.54 | 8.68 | 12.27 | 14.16 | 9.81 | 13.57 |
| PS Ratio | 2.26 | 2.21 | 2.52 | 3.16 | 1.63 | 1.91 |
| PB Ratio | 0.81 | 0.80 | 0.89 | 1.30 | 0.77 | 0.77 |
| P/TBV Ratio | 0.81 | 0.80 | 0.89 | 1.30 | 0.77 | 0.77 |
| P/FCF Ratio | 28.97 | 5.24 | 2.66 | 5.05 | ||
| P/OCF Ratio | 24.75 | 5.08 | 2.65 | 4.79 | ||
| EV/Sales Ratio | 1.01 | 0.73 | 0.95 | 1.54 | 0.66 | 1.66 |
| EV/EBITDA Ratio | 4.20 | 3.22 | 4.91 | 7.24 | 3.59 | 9.10 |
| EV/EBIT Ratio | 4.56 | 3.52 | 5.30 | 7.70 | 3.85 | 9.94 |
| EV/FCF Ratio | 9.56 | 2.56 | 1.07 | 4.41 | ||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.04 |
| Debt / EBITDA Ratio | 0.03 | 0.04 | 0.06 | 0.06 | 0.37 | 0.49 |
| Debt / FCF Ratio | 0.12 | 0.02 | 0.11 | 0.25 | ||
| Net Debt / Equity Ratio | -0.45 | -0.56 | -0.54 | -0.68 | -0.47 | -0.20 |
| Net Debt / EBITDA Ratio | -5.30 | -6.80 | -7.89 | -7.77 | -5.39 | -2.66 |
| Net Debt / FCF Ratio | 5.25 | -20.14 | 4.29 | -2.75 | -1.61 | -1.29 |
| Asset Turnover | 0.13 | 0.13 | 0.12 | 0.13 | 0.15 | 0.13 |
| Inventory Turnover | 0.14 | 0.14 | 0.13 | 0.15 | 0.16 | 0.12 |
| Quick Ratio | 0.26 | 0.31 | 0.27 | 0.32 | 0.23 | 0.11 |
| Current Ratio | 1.26 | 1.23 | 1.20 | 1.17 | 1.17 | 1.14 |
| Return on Equity (ROE) | 9.83% | 9.53% | 7.38% | 9.52% | 8.11% | 5.99% |
| Return on Assets (ROA) | 1.79% | 1.64% | 1.29% | 1.65% | 1.60% | 1.32% |
| Return on Invested Capital (ROIC) | 11.04% | 12.41% | 11.90% | 16.04% | 9.86% | 6.24% |
| Return on Capital Employed (ROCE) | 7.80% | 7.40% | 6.20% | 8.20% | 7.80% | 6.40% |
| Earnings Yield | 11.71% | 11.52% | 8.15% | 7.06% | 10.20% | 7.37% |
| FCF Yield | -10.57% | 3.45% | -14.16% | 19.08% | 37.61% | 19.79% |
| Dividend Yield | 2.62% | 3.48% | 2.56% | 2.40% | 3.47% | 2.78% |
| Payout Ratio | 27.98% | 22.97% | 41.39% | 27.13% | 25.50% | 37.69% |
| Total Shareholder Return | 2.62% | 3.48% | 2.56% | 2.40% | 3.47% | 2.78% |