DSE : ESQUIRENIT
Esquire Knit Composite PLC — Financial statements
Textile Mill Products · Bangladesh
Last price 19.7 BDT (At close: Oct 29, 2026) · Market cap 2.66B
Latest research: Esquire Knit Composite financial analysis: finance cost at 6.4% of sales and a FY2026 loss of BDT 2.68 a share (Oct 2026) · Esquire Knit Composite: 45.6m knit pieces at USD 1.84 each, a 0.8% net margin in FY2025, and a FY2026 loss of BDT 2.68 a share
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Financial statements
Esquire Knit Composite PLC (ESQUIRENIT) reported revenue of 11.59B 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 | 11.59B | 11.09B | 7.93B | 7.98B | 10.15B | 7.93B |
| Cost of Revenue | 10.17B | 9.54B | 6.69B | 6.62B | 8.56B | 6.51B |
| Gross Profit | 1.42B | 1.56B | 1.25B | 1.36B | 1.59B | 1.42B |
| Selling, General & Admin | 531.53M | 445.53M | 401.93M | 526.90M | 584.56M | 818.58M |
| Operating Expenses | 582.52M | 482.42M | 448.62M | 569.68M | 624.62M | 818.58M |
| Operating Income | 837.31M | 1.08B | 797.10M | 790.95M | 969.78M | 605.88M |
| Interest Expense | -650.92M | -649.48M | -439.15M | -376.73M | -333.01M | -268.06M |
| Interest & Investment Income | 14.11M | 9.08M | 7.00M | 11.52M | 16.79M | 22.66M |
| Currency Exchange Gain (Loss) | 1.04M | 1.04M | 1.26M | -7.63M | -5.97M | |
| Other Non Operating Income (Expenses) | -223.09M | -269.76M | -231.18M | -219.72M | -256.95M | 1.00 |
| Pretax Income | -21.55M | 165.97M | 135.03M | 198.39M | 390.64M | 360.48M |
| Income Tax Expense | 114.02M | 106.24M | 79.52M | 114.10M | 71.98M | 63.59M |
| Earnings From Continuing Operations | -135.57M | 59.73M | 55.52M | 84.29M | 318.67M | 296.90M |
| Minority Interest in Earnings | -175.35K | -175.35K | -867.02K | -334.76K | -88.18K | -59.58K |
| Net Income | -135.74M | 59.56M | 54.65M | 83.96M | 318.58M | 296.84M |
| Net Income to Common | -135.74M | 59.56M | 54.65M | 83.96M | 318.58M | 296.84M |
| Shares Outstanding (Basic) | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M |
| Shares Outstanding (Diluted) | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M |
| EPS (Basic) | -1.01 | 0.44 | 0.41 | 0.62 | 2.36 | 2.20 |
| EPS (Diluted) | -1.01 | 0.44 | 0.41 | 0.62 | 2.36 | 2.20 |
| Free Cash Flow | -2.62B | 203.31M | -1.57B | -2.18B | -918.67M | -1.43B |
| Free Cash Flow Per Share | -19.42 | 1.51 | -11.65 | -16.14 | -6.81 | -10.60 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.50 |
| Gross Margin | 12.26% | 14.04% | 15.70% | 17.05% | 15.71% | 17.96% |
| Operating Margin | 7.23% | 9.69% | 10.05% | 9.91% | 9.55% | 7.64% |
| Profit Margin | -1.17% | 0.54% | 0.69% | 1.05% | 3.14% | 3.74% |
| Free Cash Flow Margin | -22.61% | 1.83% | -19.81% | -27.30% | -9.05% | -18.03% |
| EBITDA | 1.16B | 1.37B | 1.11B | 1.09B | 1.22B | 856.33M |
| EBITDA Margin | 10.02% | 12.31% | 13.98% | 13.66% | 12.06% | 10.80% |
| D&A For EBITDA | 323.92M | 291.18M | 312.06M | 298.80M | 254.66M | 250.45M |
| EBIT | 837.31M | 1.08B | 797.10M | 790.95M | 969.78M | 605.88M |
| EBIT Margin | 7.23% | 9.69% | 10.05% | 9.91% | 9.55% | 7.64% |
| Effective Tax Rate | 64.01% | 58.89% | 57.51% | 18.43% | 17.64% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 155.14M | 78.04M | 482.58M | 491.82M | 563.73M | 742.20M |
| Cash & Short-Term Investments | 259.52M | 78.04M | 482.58M | 491.82M | 563.73M | 742.20M |
| Accounts Receivable | 2.18B | 1.81B | 1.72B | 782.75M | 1.31B | 1.24B |
| Other Receivables | 61.26M | 55.59M | 71.50M | 38.55M | 4.15M | 3.82M |
| Receivables | 2.24B | 1.86B | 1.79B | 821.30M | 1.32B | 1.25B |
| Inventory | 4.24B | 4.23B | 3.90B | 3.63B | 3.75B | 3.39B |
| Prepaid Expenses | 748.33K | 385.73K | 385.73K | 748.33K | 12.32M | 9.15M |
| Other Current Assets | 301.91M | 385.66M | 608.00M | 743.26M | 730.67M | 735.96M |
| Total Current Assets | 7.05B | 6.56B | 6.78B | 5.68B | 6.37B | 6.13B |
| Property, Plant & Equipment | 10.35B | 10.59B | 10.86B | 10.90B | 9.21B | 8.25B |
| Long-Term Investments | 10.00M | 10.00M | 10.00M | 100.00M | 110.28M | 147.78M |
| Other Long-Term Assets | 1.00 | 1.00 | ||||
| Total Assets | 17.40B | 17.16B | 17.65B | 16.68B | 15.69B | 14.53B |
| Accounts Payable | 1.04B | 891.11M | 564.29M | 1.17B | 1.19B | 1.03B |
| Accrued Expenses | 257.30M | 256.27M | 173.81M | 172.37M | 197.40M | 172.57M |
| Short-Term Debt | 3.31B | 3.32B | 4.32B | 3.48B | 2.31B | 1.48B |
| Current Portion of Long-Term Debt | 669.21M | 649.29M | 451.07M | 464.59M | 291.84M | 638.30M |
| Current Portion of Leases | 22.83M | 22.65M | 23.81M | 9.30M | 9.64M | 12.65M |
| Current Income Taxes Payable | 222.83M | 149.84M | 331.50M | 252.83M | 146.43M | 116.70M |
| Other Current Liabilities | 54.27M | 21.63M | 24.75M | 50.68M | 37.47M | 6.84M |
| Total Current Liabilities | 5.57B | 5.31B | 5.89B | 5.59B | 4.18B | 3.45B |
| Long-Term Debt | 2.97B | 2.79B | 2.68B | 1.99B | 2.43B | 2.14B |
| Long-Term Leases | 12.59M | 9.14M | 7.06M | 4.46M | 2.28M | 1.42M |
| Long-Term Deferred Tax Liabilities | 272.44M | 273.13M | 280.04M | 285.83M | 278.38M | 272.86M |
| Other Long-Term Liabilities | 1.00 | 1.00 | 1.00 | -1.00 | ||
| Total Liabilities | 8.82B | 8.38B | 8.86B | 7.87B | 6.89B | 5.87B |
| Common Stock | 1.35B | 1.35B | 1.35B | 1.35B | 1.35B | 1.35B |
| Additional Paid-In Capital | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B |
| Retained Earnings | 2.41B | 2.61B | 2.62B | 2.63B | 2.62B | 2.48B |
| Comprehensive Income & Other | 3.74B | 3.74B | 3.74B | 3.74B | 3.74B | 3.74B |
| Total Common Equity | 8.58B | 8.78B | 8.79B | 8.81B | 8.80B | 8.66B |
| Minority Interest | -1.57M | -1.10M | -929.53K | -62.52K | 272.24K | 360.43K |
| Shareholders' Equity | 8.58B | 8.78B | 8.79B | 8.81B | 8.80B | 8.66B |
| Total Liabilities & Equity | 17.40B | 17.16B | 17.65B | 16.68B | 15.69B | 14.53B |
| Total Debt | 6.98B | 6.79B | 7.48B | 5.95B | 5.04B | 4.28B |
| Net Cash (Debt) | -6.72B | -6.71B | -7.00B | -5.45B | -4.48B | -3.53B |
| Net Cash Per Share | -49.82 | -49.73 | -51.89 | -40.43 | -33.18 | -26.20 |
| Filing Date Shares Outstanding | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M |
| Total Common Shares Outstanding | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M | 134.90M |
| Working Capital | 1.48B | 1.25B | 893.85M | 89.79M | 2.18B | 2.67B |
| Book Value Per Share | 63.62 | 65.11 | 65.19 | 65.31 | 65.21 | 64.17 |
| Tangible Book Value | 8.58B | 8.78B | 8.79B | 8.81B | 8.80B | 8.66B |
| Tangible Book Value Per Share | 63.62 | 65.11 | 65.19 | 65.31 | 65.21 | 64.17 |
| Construction In Progress | 1.86B | 4.42B | 4.42B | 4.21B | 2.70B | 1.86B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -135.74M | 59.56M | 54.65M | 83.96M | 318.58M | 296.84M |
| Depreciation & Amortization | 323.92M | 291.18M | 312.06M | 298.80M | 254.66M | 250.45M |
| Other Amortization | 3.24M | |||||
| Other Operating Activities | -4.72M | -6.73M | -4.92M | 7.79M | 5.60M | 7.71M |
| Change in Accounts Receivable | -337.24M | -70.57M | -969.68M | 493.97M | -68.30M | -762.87M |
| Change in Inventory | -439.83M | -333.18M | -276.48M | 120.87M | -353.47M | -292.85M |
| Change in Accounts Payable | 342.93M | 326.81M | -601.89M | -26.39M | 165.22M | 160.86M |
| Change in Other Net Operating Assets | 30.01M | -35.36M | 182.15M | -1.17B | 96.83M | 198.00M |
| Operating Cash Flow | -220.67M | 231.70M | -1.30B | -192.13M | 419.12M | -141.86M |
| Capital Expenditures | -2.40B | -28.39M | -267.61M | -1.99B | -1.34B | -1.29B |
| Investment in Securities | 33.34M | 90.00M | 10.28M | 37.50M | ||
| Other Investing Activities | 2.56B | -7.11M | 6.10M | -34.52M | -3.67M | 161.53M |
| Investing Cash Flow | 197.20M | -35.51M | -171.51M | -2.01B | -1.30B | -1.13B |
| Short-Term Debt Issued | 1.48B | 1.10B | 945.28M | 495.37M | ||
| Long-Term Debt Issued | 330.58M | 59.92M | 1.11B | 14.27M | ||
| Total Debt Issued | -161.75M | 330.58M | 1.54B | 2.21B | 945.28M | 509.63M |
| Short-Term Debt Repaid | -1.00B | |||||
| Long-Term Debt Repaid | -65.63M | |||||
| Total Debt Repaid | -30.97M | -1.00B | -65.63M | |||
| Net Debt Issued (Repaid) | -192.72M | -671.35M | 1.54B | 2.21B | 879.65M | 509.63M |
| Common Dividends Paid | -71.15M | -73.03M | -179.25M | -202.34M | ||
| Other Financing Activities | 74.97M | 71.65M | 1.00 | -1.00 | 1.00 | -17.06M |
| Financing Cash Flow | -117.75M | -599.70M | 1.47B | 2.14B | 700.41M | 290.23M |
| Foreign Exchange Rate Adjustments | -2.11M | -1.04M | 1.17M | -7.29M | 5.97M | -5.80M |
| Miscellaneous Cash Flow Adjustments | 1.00 | |||||
| Net Cash Flow | -143.32M | -404.54M | -9.24M | -71.91M | -178.47M | -984.20M |
| Free Cash Flow | -2.62B | 203.31M | -1.57B | -2.18B | -918.67M | -1.43B |
| Free Cash Flow Margin | -22.61% | 1.83% | -19.81% | -27.30% | -9.05% | -18.03% |
| Free Cash Flow Per Share | -19.42 | 1.51 | -11.65 | -16.14 | -6.81 | -10.60 |
| Levered Free Cash Flow | -2.20B | 571.89M | -1.39B | -742.78M | -854.38M | -1.37B |
| Unlevered Free Cash Flow | -1.80B | 977.81M | -1.12B | -507.32M | -646.26M | -1.20B |
| Cash Interest Paid | 669.90M | 673.81M | 459.69M | 359.05M | 186.57M | 211.76M |
| Cash Income Tax Paid | 113.21M | 109.85M | 83.57M | 104.48M | 60.06M | 47.45M |
| Change in Working Capital | -404.12M | -112.30M | -1.67B | -585.92M | -159.72M | -696.86M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.66B | 2.87B | 2.52B | 4.65B | 4.76B | 5.49B |
| Enterprise Value | 9.38B | 9.64B | 8.60B | 9.71B | 9.02B | 7.91B |
| Last Close Price | 19.70 | 20.33 | 17.02 | 30.48 | 30.29 | 33.40 |
| PE Ratio | 48.24 | 46.16 | 55.43 | 14.95 | 18.50 | |
| PS Ratio | 0.23 | 0.26 | 0.32 | 0.58 | 0.47 | 0.69 |
| PB Ratio | 0.31 | 0.33 | 0.29 | 0.53 | 0.54 | 0.63 |
| P/TBV Ratio | 0.31 | 0.33 | 0.29 | 0.53 | 0.54 | 0.63 |
| P/FCF Ratio | 14.13 | |||||
| P/OCF Ratio | 12.40 | 11.36 | ||||
| EV/Sales Ratio | 0.81 | 0.87 | 1.08 | 1.22 | 0.89 | 1.00 |
| EV/EBITDA Ratio | 8.07 | 7.05 | 7.76 | 8.91 | 7.37 | 9.24 |
| EV/EBIT Ratio | 11.20 | 8.96 | 10.79 | 12.28 | 9.30 | 13.06 |
| EV/FCF Ratio | 47.40 | |||||
| Debt / Equity Ratio | 0.81 | 0.77 | 0.85 | 0.68 | 0.57 | 0.49 |
| Debt / EBITDA Ratio | 6.01 | 4.97 | 6.75 | 5.46 | 4.12 | 4.99 |
| Debt / FCF Ratio | 33.38 | |||||
| Net Debt / Equity Ratio | 0.78 | 0.76 | 0.80 | 0.62 | 0.51 | 0.41 |
| Net Debt / EBITDA Ratio | 5.79 | 4.91 | 6.31 | 5.00 | 3.65 | 4.13 |
| Net Debt / FCF Ratio | -2.57 | 33.00 | -4.45 | -2.50 | -4.87 | -2.47 |
| Asset Turnover | 0.66 | 0.64 | 0.46 | 0.49 | 0.67 | 0.60 |
| Inventory Turnover | 2.53 | 2.34 | 1.78 | 1.80 | 2.40 | 2.00 |
| Quick Ratio | 0.45 | 0.36 | 0.39 | 0.23 | 0.45 | 0.58 |
| Current Ratio | 1.27 | 1.24 | 1.15 | 1.02 | 1.52 | 1.77 |
| Return on Equity (ROE) | -1.56% | 0.68% | 0.63% | 0.96% | 3.65% | 3.84% |
| Return on Assets (ROA) | 2.99% | 3.86% | 2.90% | 3.05% | 4.01% | 2.86% |
| Return on Invested Capital (ROIC) | 5.53% | 2.47% | 2.18% | 2.44% | 6.21% | 4.74% |
| Return on Capital Employed (ROCE) | 7.10% | 9.10% | 6.80% | 7.10% | 8.40% | 5.50% |
| Earnings Yield | -5.11% | 2.07% | 2.17% | 1.80% | 6.69% | 5.41% |
| FCF Yield | -98.56% | 7.08% | -62.31% | -46.80% | -19.29% | -26.05% |
| Dividend Yield | 5.08% | 4.70% | 5.35% | 2.90% | 2.83% | 3.69% |
| Payout Ratio | 130.19% | 86.98% | 56.26% | 68.17% | ||
| Total Shareholder Return | 5.08% | 4.70% | 5.35% | 2.90% | 2.83% | 3.69% |