DSE : FORTUNE
Fortune Shoes Ltd. — Financial statements
Footwear, Except Rubber · Bangladesh
Last price 13.4 BDT (At close: Oct 29, 2026) · Market cap 2.29B
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Financial statements
Fortune Shoes Ltd. (FORTUNE) reported revenue of 1.49B 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 | 1.49B | 2.51B | 1.73B | 1.72B | 1.70B | 1.40B |
| Cost of Revenue | 1.26B | 2.11B | 1.55B | 1.45B | 1.40B | 1.08B |
| Gross Profit | 232.22M | 405.04M | 182.61M | 267.13M | 301.68M | 322.77M |
| Selling, General & Admin | 100.19M | 111.81M | 99.30M | 88.24M | 63.64M | 50.63M |
| Other Operating Expenses | -1.00 | -1.00 | ||||
| Operating Expenses | 103.68M | 115.29M | 103.12M | 92.25M | 67.87M | 54.39M |
| Operating Income | 128.54M | 289.75M | 79.48M | 174.88M | 233.81M | 268.38M |
| Interest Expense | -115.53M | -83.40M | -45.50M | -41.18M | -30.69M | -8.36M |
| Interest & Investment Income | 35.13K | 35.13K | 2.57M | 6.05M | 732.01K | |
| Currency Exchange Gain (Loss) | 3.20M | 3.37M | 2.31M | 3.26M | 84.44K | 254.88K |
| Other Non Operating Income (Expenses) | 53.43M | 61.66M | 75.91M | 73.94M | -4.65M | -217.50K |
| EBT Excluding Unusual Items | 69.66M | 271.43M | 114.77M | 216.95M | 199.28M | 260.06M |
| Gain (Loss) on Sale of Investments | -219.47M | -219.47M | -9.41M | -14.45M | 233.70M | 25.81M |
| Pretax Income | -149.81M | 51.96M | 105.36M | 202.49M | 432.98M | 285.87M |
| Income Tax Expense | 31.65M | 34.01M | 20.87M | 22.61M | 58.88M | 40.39M |
| Net Income | -181.46M | 17.95M | 84.49M | 179.88M | 374.10M | 245.49M |
| Net Income to Common | -181.46M | 17.95M | 84.49M | 179.88M | 374.10M | 245.49M |
| Shares Outstanding (Basic) | 172.78M | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M |
| Shares Outstanding (Diluted) | 172.78M | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M |
| EPS (Basic) | -1.05 | 0.11 | 0.50 | 1.05 | 2.19 | 1.44 |
| EPS (Diluted) | -1.05 | 0.11 | 0.50 | 1.05 | 2.19 | 1.44 |
| Free Cash Flow | -138.24M | -74.87M | -62.80M | 64.00M | 307.85M | 56.70M |
| Free Cash Flow Per Share | -0.80 | -0.44 | -0.37 | 0.38 | 1.80 | 0.33 |
| Dividend Per Share | 0.05 | 0.10 | 0.50 | 0.95 | 0.91 | |
| Gross Margin | 15.61% | 16.12% | 10.56% | 15.57% | 17.69% | 22.98% |
| Operating Margin | 8.64% | 11.53% | 4.60% | 10.20% | 13.71% | 19.11% |
| Profit Margin | -12.20% | 0.71% | 4.89% | 10.49% | 21.94% | 17.48% |
| Free Cash Flow Margin | -9.29% | -2.98% | -3.63% | 3.73% | 18.06% | 4.04% |
| EBITDA | 182.40M | 347.85M | 143.23M | 241.86M | 304.26M | 331.01M |
| EBITDA Margin | 12.26% | 13.84% | 8.28% | 14.10% | 17.85% | 23.57% |
| D&A For EBITDA | 53.86M | 58.10M | 63.74M | 66.98M | 70.46M | 62.63M |
| EBIT | 128.54M | 289.75M | 79.48M | 174.88M | 233.81M | 268.38M |
| EBIT Margin | 8.64% | 11.53% | 4.60% | 10.20% | 13.71% | 19.11% |
| Effective Tax Rate | 65.45% | 19.81% | 11.17% | 13.60% | 14.13% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 54.37M | 59.10M | 52.61M | 24.74M | 16.43M | 32.38M |
| Short-Term Investments | 104.98M | 104.98M | 100.17M | 335.29M | 225.46M | 101.59M |
| Cash & Short-Term Investments | 159.34M | 164.07M | 152.77M | 360.03M | 241.89M | 133.97M |
| Receivables | 819.76M | 953.03M | 666.66M | 617.20M | 598.91M | 686.34M |
| Inventory | 1.21B | 1.19B | 1.18B | 979.98M | 996.13M | 733.03M |
| Other Current Assets | 382.61M | 285.14M | 271.91M | 249.77M | 43.62M | 30.77M |
| Total Current Assets | 2.57B | 2.59B | 2.27B | 2.21B | 1.88B | 1.58B |
| Property, Plant & Equipment | 779.27M | 819.15M | 874.18M | 935.98M | 956.08M | 1.03B |
| Other Long-Term Assets | -1.00 | 1.00 | 1.00 | |||
| Total Assets | 3.35B | 3.41B | 3.15B | 3.14B | 2.84B | 2.61B |
| Accounts Payable | 240.49M | 53.44K | 5.42M | |||
| Accrued Expenses | 40.00M | 36.07M | 25.90M | 24.53M | 14.20M | |
| Short-Term Debt | 534.57M | 485.61M | 410.53M | 374.79M | 237.79M | 228.18M |
| Current Portion of Long-Term Debt | 27.46M | 16.74M | 16.80M | 4.75M | 12.56M | |
| Current Income Taxes Payable | 98.59M | 92.87M | 70.65M | 122.57M | 102.65M | |
| Other Current Liabilities | 56.42K | 100.59M | 100.34M | 99.11M | 150.07K | 2.13M |
| Total Current Liabilities | 802.57M | 741.52M | 656.60M | 575.20M | 397.65M | 352.57M |
| Long-Term Debt | 137.28M | 100.42M | 108.71M | 19.01M | 50.25M | |
| Long-Term Deferred Tax Liabilities | 59.42M | 60.94M | 62.65M | 64.00M | 64.42M | 53.16M |
| Total Liabilities | 999.27M | 902.88M | 827.96M | 658.22M | 512.33M | 405.73M |
| Common Stock | 1.71B | 1.71B | 1.71B | 1.71B | 1.63B | 1.55B |
| Retained Earnings | 674.10M | 828.90M | 822.74M | 797.19M | 797.48M | 655.57M |
| Comprehensive Income & Other | -27.16M | -27.16M | -212.31M | -19.07M | -98.53M | |
| Shareholders' Equity | 2.35B | 2.51B | 2.32B | 2.48B | 2.32B | 2.20B |
| Total Liabilities & Equity | 3.35B | 3.41B | 3.15B | 3.14B | 2.84B | 2.61B |
| Total Debt | 699.30M | 602.76M | 536.04M | 398.56M | 300.60M | 228.18M |
| Net Cash (Debt) | -539.96M | -438.69M | -383.27M | -38.53M | -58.71M | -94.21M |
| Net Cash Per Share | -3.13 | -2.57 | -2.25 | -0.23 | -0.34 | -0.55 |
| Filing Date Shares Outstanding | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M |
| Total Common Shares Outstanding | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M | 170.66M |
| Working Capital | 1.77B | 1.85B | 1.61B | 1.63B | 1.48B | 1.23B |
| Book Value Per Share | 13.79 | 14.70 | 13.58 | 14.56 | 13.62 | 12.91 |
| Tangible Book Value | 2.35B | 2.51B | 2.32B | 2.48B | 2.32B | 2.20B |
| Tangible Book Value Per Share | 13.79 | 14.70 | 13.58 | 14.56 | 13.62 | 12.91 |
| Land | 681.82K | 681.82K | 681.82K | 681.82K | 681.82K | |
| Buildings | 459.77M | 459.77M | 459.77M | 459.77M | 433.56M | |
| Machinery | 941.03M | 937.96M | 936.02M | 889.13M | 860.70M | |
| Construction In Progress | 53.26M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -181.46M | 17.95M | 84.49M | 179.88M | 374.10M | 245.49M |
| Depreciation & Amortization | 58.10M | 58.10M | 63.74M | 66.98M | 70.46M | 62.63M |
| Other Operating Activities | 280.73M | 144.69M | 69.72M | 60.62M | 64.63M | 49.89M |
| Change in Accounts Receivable | -286.38M | -286.38M | -49.46M | 45.37M | 87.43M | -82.78M |
| Change in Inventory | -138.49M | -138.49M | -173.90M | -18.29M | -207.94M | -97.48M |
| Change in Accounts Payable | 3.93M | 3.93M | -29.92M | 1.32M | -23.19M | -819.11K |
| Change in Other Net Operating Assets | 128.39M | 128.39M | -25.53M | -224.99M | -56.25M | 2.40M |
| Operating Cash Flow | -135.17M | -71.80M | -60.86M | 110.89M | 309.23M | 179.34M |
| Capital Expenditures | -3.07M | -3.07M | -1.94M | -46.89M | -1.38M | -122.64M |
| Investment in Securities | 180.35M | 180.35M | 41.88M | -30.37M | -222.40M | -101.59M |
| Other Investing Activities | -1.00 | |||||
| Investing Cash Flow | 177.28M | 177.28M | 39.94M | -77.26M | -223.78M | -224.22M |
| Short-Term Debt Issued | 75.01M | 47.79M | 129.20M | 50.32M | 108.74M | |
| Long-Term Debt Issued | 89.70M | 50.25M | ||||
| Total Debt Issued | 146.32M | 75.01M | 137.48M | 129.20M | 100.57M | 108.74M |
| Long-Term Debt Repaid | -8.29M | -31.24M | -10.08M | |||
| Total Debt Repaid | -992.85K | -8.29M | -31.24M | -10.08M | ||
| Net Debt Issued (Repaid) | 145.33M | 66.72M | 137.48M | 97.96M | 100.57M | 98.66M |
| Common Dividends Paid | -2.95M | -11.54M | -17.62M | -63.58M | -156.41M | -49.15M |
| Other Financing Activities | -186.31M | -154.17M | -71.07M | -59.70M | -45.56M | 8.30K |
| Financing Cash Flow | -43.93M | -98.99M | 48.79M | -25.32M | -101.40M | 49.52M |
| Foreign Exchange Rate Adjustments | 26.00 | 73.00 | ||||
| Miscellaneous Cash Flow Adjustments | 2.00 | |||||
| Net Cash Flow | -1.83M | 6.49M | 27.87M | 8.31M | -15.95M | 4.64M |
| Free Cash Flow | -138.24M | -74.87M | -62.80M | 64.00M | 307.85M | 56.70M |
| Free Cash Flow Margin | -9.29% | -2.98% | -3.63% | 3.73% | 18.06% | 4.04% |
| Free Cash Flow Per Share | -0.80 | -0.44 | -0.37 | 0.38 | 1.80 | 0.33 |
| Levered Free Cash Flow | -126.48M | -116.06M | -154.45M | -56.28M | 30.41M | -58.10M |
| Unlevered Free Cash Flow | -54.28M | -63.94M | -126.02M | -30.54M | 49.60M | -52.88M |
| Cash Interest Paid | 115.53M | 83.40M | 45.50M | 41.18M | 30.69M | 8.36M |
| Cash Income Tax Paid | 42.42M | 43.49M | 22.22M | 21.70M | 39.45M | 16.31M |
| Change in Working Capital | -292.54M | -292.54M | -278.82M | -196.59M | -199.95M | -178.67M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.29B | 2.51B | 5.09B | 12.92B | 15.16B | 6.92B |
| Enterprise Value | 2.83B | 2.86B | 5.37B | 12.88B | 15.00B | 6.99B |
| Last Close Price | 13.40 | 14.65 | 29.52 | 74.48 | 86.33 | 39.04 |
| PE Ratio | 139.75 | 60.19 | 71.82 | 40.54 | 28.19 | |
| PS Ratio | 1.54 | 1.00 | 2.94 | 7.53 | 8.89 | 4.93 |
| PB Ratio | 0.97 | 1.00 | 2.19 | 5.20 | 6.52 | 3.14 |
| P/TBV Ratio | 0.97 | 1.00 | 2.19 | 5.20 | 6.52 | 3.14 |
| P/FCF Ratio | 201.85 | 49.26 | 122.03 | |||
| P/OCF Ratio | 116.50 | 49.04 | 38.58 | |||
| EV/Sales Ratio | 1.90 | 1.14 | 3.10 | 7.51 | 8.80 | 4.98 |
| EV/EBITDA Ratio | 15.50 | 8.21 | 37.48 | 53.26 | 49.29 | 21.13 |
| EV/EBIT Ratio | 21.99 | 9.86 | 67.54 | 73.66 | 64.14 | 26.06 |
| EV/FCF Ratio | 201.27 | 48.71 | 123.35 | |||
| Debt / Equity Ratio | 0.30 | 0.24 | 0.23 | 0.16 | 0.13 | 0.10 |
| Debt / EBITDA Ratio | 3.83 | 1.73 | 3.74 | 1.65 | 0.99 | 0.69 |
| Debt / FCF Ratio | 6.23 | 0.98 | 4.02 | |||
| Net Debt / Equity Ratio | 0.23 | 0.17 | 0.17 | 0.02 | 0.03 | 0.04 |
| Net Debt / EBITDA Ratio | 2.96 | 1.26 | 2.68 | 0.16 | 0.19 | 0.28 |
| Net Debt / FCF Ratio | -3.91 | -5.86 | -6.10 | 0.60 | 0.19 | 1.66 |
| Asset Turnover | 0.45 | 0.77 | 0.55 | 0.57 | 0.63 | 0.57 |
| Inventory Turnover | 1.04 | 1.78 | 1.43 | 1.47 | 1.62 | 1.58 |
| Quick Ratio | 1.22 | 1.51 | 1.25 | 1.70 | 2.11 | 2.33 |
| Current Ratio | 3.21 | 3.50 | 3.46 | 3.84 | 4.73 | 4.49 |
| Return on Equity (ROE) | -7.72% | 0.74% | 3.52% | 7.48% | 16.52% | 11.65% |
| Return on Assets (ROA) | 2.45% | 5.52% | 1.58% | 3.66% | 5.37% | 6.85% |
| Return on Invested Capital (ROIC) | 4.39% | 3.55% | 2.44% | 6.33% | 8.63% | 10.44% |
| Return on Capital Employed (ROCE) | 5.00% | 10.90% | 3.20% | 6.80% | 9.60% | 11.90% |
| Earnings Yield | -7.84% | 0.72% | 1.66% | 1.39% | 2.47% | 3.55% |
| FCF Yield | -6.04% | -2.98% | -1.23% | 0.50% | 2.03% | 0.82% |
| Dividend Yield | 0.37% | 0.34% | 0.34% | 0.66% | 1.07% | 2.24% |
| Payout Ratio | 64.26% | 20.86% | 35.34% | 41.81% | 20.02% | |
| Buyback Yield / Dilution | -1.98% | 0.00% | 0.00% | 0.00% | ||
| Total Shareholder Return | -1.61% | 0.34% | 0.34% | 0.66% | 1.07% | 2.24% |