DSE : GHCL
Global Heavy Chemicals Limited — Financial statements
Industrial Inorganic Chemicals · Bangladesh
Last price 19.6 BDT (At close: Oct 29, 2026) · Market cap 1.41B
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Financial statements
Global Heavy Chemicals Limited (GHCL) reported revenue of 83.56M 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 | 83.56M | 313.22M | 744.20M | 460.14M | 462.97M | 579.15M |
| Cost of Revenue | 146.67M | 319.72M | 1.15B | 702.00M | 451.63M | 454.51M |
| Gross Profit | -63.11M | -6.50M | -407.61M | -241.86M | 11.34M | 124.64M |
| Selling, General & Admin | 56.74M | 59.59M | 53.58M | 57.89M | 41.75M | 55.54M |
| Operating Expenses | 56.74M | 59.59M | 53.58M | 57.89M | 41.75M | 55.54M |
| Operating Income | -119.85M | -66.09M | -461.18M | -299.75M | -30.41M | 69.10M |
| Interest Expense | -144.02M | -93.05M | -80.50M | -80.28M | -58.06M | -40.07M |
| Interest & Investment Income | 1.54M | 1.54M | 1.09M | 860.03K | 661.78K | 522.91K |
| Other Non Operating Income (Expenses) | 9.70K | -513.59K | 1.80M | 2.27M | 192.46K | 103.45K |
| Pretax Income | -262.32M | -158.11M | -538.80M | -376.90M | -87.62M | 29.66M |
| Income Tax Expense | -1.97M | -361.23K | 6.74M | 38.27M | 25.25M | 4.82M |
| Net Income | -260.35M | -157.75M | -545.53M | -415.17M | -112.87M | 24.84M |
| Net Income to Common | -260.35M | -157.75M | -545.53M | -415.17M | -112.87M | 24.84M |
| Shares Outstanding (Basic) | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M |
| Shares Outstanding (Diluted) | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M |
| EPS (Basic) | -3.62 | -2.19 | -7.58 | -5.77 | -1.57 | 0.34 |
| EPS (Diluted) | -3.62 | -2.19 | -7.58 | -5.77 | -1.57 | 0.34 |
| Free Cash Flow | -306.83M | -133.08M | 133.04M | -374.14M | -236.18M | -269.28M |
| Free Cash Flow Per Share | -4.26 | -1.85 | 1.85 | -5.20 | -3.28 | -3.74 |
| Dividend Per Share | 0.20 | 0.50 | ||||
| Gross Margin | -75.52% | -2.08% | -54.77% | -52.56% | 2.45% | 21.52% |
| Operating Margin | -143.42% | -21.10% | -61.97% | -65.14% | -6.57% | 11.93% |
| Profit Margin | -311.56% | -50.36% | -73.30% | -90.23% | -24.38% | 4.29% |
| Free Cash Flow Margin | -367.18% | -42.49% | 17.88% | -81.31% | -51.01% | -46.50% |
| EBITDA | -36.57M | 18.80M | -373.17M | -209.55M | 50.91M | 147.21M |
| EBITDA Margin | -43.76% | 6.00% | -50.14% | -45.54% | 11.00% | 25.42% |
| D&A For EBITDA | 83.28M | 84.89M | 88.02M | 90.20M | 81.32M | 78.11M |
| EBIT | -119.85M | -66.09M | -461.18M | -299.75M | -30.41M | 69.10M |
| EBIT Margin | -143.42% | -21.10% | -61.97% | -65.14% | -6.57% | 11.93% |
| Effective Tax Rate | 16.25% | |||||
| Advertising Expenses | 502.92K | 408.61K | 287.91K | 208.63K | 148.65K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.98M | 26.68M | 37.22M | 24.31M | 39.31M | 31.52M |
| Cash & Short-Term Investments | 26.73M | 26.68M | 37.22M | 24.31M | 39.31M | 31.52M |
| Receivables | 29.03M | 39.92M | 30.24M | 160.45M | 271.51M | 268.03M |
| Inventory | 37.72M | 28.99M | 84.76M | 290.99M | 268.24M | 244.93M |
| Other Current Assets | 76.74M | 74.18M | 98.84M | 99.05M | 141.70M | 156.70M |
| Total Current Assets | 170.22M | 169.77M | 251.05M | 574.81M | 720.76M | 701.18M |
| Property, Plant & Equipment | 7.01B | 7.04B | 7.13B | 4.61B | 4.46B | 4.34B |
| Other Long-Term Assets | -1.00 | -1.00 | 1.00 | -1.00 | ||
| Total Assets | 7.18B | 7.21B | 7.38B | 5.19B | 5.18B | 5.04B |
| Accounts Payable | 181.66M | 188.38M | 207.85M | 12.30M | 3.47M | 3.10M |
| Accrued Expenses | 33.08M | 32.54M | 119.45M | 56.44M | 32.74M | 43.70M |
| Short-Term Debt | 1.04B | 915.49M | 662.21M | 808.64M | 667.45M | 442.36M |
| Current Portion of Long-Term Debt | 6.94M | 21.72M | 260.51M | |||
| Current Income Taxes Payable | 34.96M | 34.34M | 30.86M | 21.27M | 18.06M | 71.00M |
| Current Unearned Revenue | 14.07M | 11.09M | 35.32M | 5.34M | 6.02M | 6.00M |
| Other Current Liabilities | 166.26M | 200.69M | 309.71M | 3.27M | 3.00M | 23.26M |
| Total Current Liabilities | 1.48B | 1.38B | 1.39B | 1.17B | 730.74M | 589.42M |
| Long-Term Debt | 55.26M | 41.35M | 79.65M | 29.36M | ||
| Long-Term Deferred Tax Liabilities | 650.13M | 653.28M | 657.12M | 531.84M | 505.23M | 488.43M |
| Other Long-Term Liabilities | 1.00 | -2.00 | -1.00 | |||
| Total Liabilities | 2.18B | 2.04B | 2.04B | 1.74B | 1.32B | 1.11B |
| Common Stock | 720.00M | 720.00M | 720.00M | 720.00M | 720.00M | 720.00M |
| Additional Paid-In Capital | 1.08B | 1.08B | 1.08B | 1.08B | 1.08B | 1.08B |
| Retained Earnings | -703.75M | -526.06M | -368.31M | 177.23M | 596.92M | 666.88M |
| Comprehensive Income & Other | 3.90B | 3.90B | 3.90B | 1.46B | 1.46B | 1.46B |
| Shareholders' Equity | 5.00B | 5.18B | 5.33B | 3.45B | 3.86B | 3.93B |
| Total Liabilities & Equity | 7.18B | 7.21B | 7.38B | 5.19B | 5.18B | 5.04B |
| Total Debt | 1.10B | 915.49M | 683.93M | 1.11B | 747.10M | 471.72M |
| Net Cash (Debt) | -1.08B | -888.80M | -646.71M | -1.09B | -707.79M | -440.20M |
| Net Cash Per Share | -14.94 | -12.34 | -8.98 | -15.09 | -9.83 | -6.11 |
| Filing Date Shares Outstanding | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M |
| Total Common Shares Outstanding | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M | 72.00M |
| Working Capital | -1.31B | -1.21B | -1.14B | -592.96M | -9.98M | 111.76M |
| Book Value Per Share | 69.43 | 71.89 | 74.08 | 47.85 | 53.68 | 54.65 |
| Tangible Book Value | 5.00B | 5.18B | 5.33B | 3.45B | 3.86B | 3.93B |
| Tangible Book Value Per Share | 69.43 | 71.89 | 74.08 | 47.85 | 53.68 | 54.65 |
| Land | 4.37B | 4.37B | 1.81B | 1.81B | 1.81B | |
| Buildings | 373.39M | 373.39M | 373.39M | 329.65M | 294.76M | |
| Machinery | 3.06B | 3.06B | 3.02B | 2.89B | 2.74B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -260.35M | -157.75M | -545.53M | -415.17M | -112.87M | 24.84M |
| Depreciation & Amortization | 83.28M | 84.89M | 88.02M | 90.20M | 81.32M | 78.11M |
| Other Operating Activities | -2.70M | -1.90M | -3.06M | 26.62M | 15.32M | -6.47M |
| Change in Accounts Receivable | -15.46M | -9.68M | 130.22M | 111.06M | -3.48M | -24.01M |
| Change in Inventory | -4.87M | 55.77M | 206.23M | -22.75M | -23.31M | -6.26M |
| Change in Accounts Payable | 10.64M | -19.47M | 195.55M | 8.83M | 370.45K | -1.68M |
| Change in Unearned Revenue | -58.29M | -24.23M | 29.98M | -677.74K | 20.10K | 140.55K |
| Change in Other Net Operating Assets | -28.54M | -60.71M | 73.03M | 25.81M | 6.63M | -35.46M |
| Operating Cash Flow | -276.31M | -133.08M | 174.42M | -176.08M | -36.00M | 29.20M |
| Capital Expenditures | -30.52M | -41.38M | -198.06M | -200.18M | -298.49M | |
| Investing Cash Flow | -30.52M | -41.38M | -198.06M | -200.18M | -298.49M | |
| Short-Term Debt Issued | 253.28M | 401.70M | 225.09M | 251.09M | ||
| Long-Term Debt Issued | 50.29M | 29.36M | ||||
| Total Debt Issued | 440.03M | 253.28M | 401.70M | 275.38M | 280.45M | |
| Short-Term Debt Repaid | -146.42M | |||||
| Long-Term Debt Repaid | -21.72M | -280.14M | -38.30M | |||
| Total Debt Repaid | 11.92M | -21.72M | -426.57M | -38.30M | ||
| Net Debt Issued (Repaid) | 451.95M | 231.56M | -426.57M | 363.40M | 275.38M | 280.45M |
| Common Dividends Paid | -4.26M | -19.86M | -12.39M | |||
| Other Financing Activities | -144.21M | -109.02M | 306.44M | -11.54M | ||
| Financing Cash Flow | 307.74M | 122.54M | -120.13M | 359.14M | 243.97M | 268.06M |
| Miscellaneous Cash Flow Adjustments | -3.00 | -1.00 | -1.00 | -1.00 | -1.00 | |
| Net Cash Flow | 914.08K | -10.54M | 12.91M | -15.00M | 7.79M | -1.23M |
| Free Cash Flow | -306.83M | -133.08M | 133.04M | -374.14M | -236.18M | -269.28M |
| Free Cash Flow Margin | -367.18% | -42.49% | 17.88% | -81.31% | -51.01% | -46.50% |
| Free Cash Flow Per Share | -4.26 | -1.85 | 1.85 | -5.20 | -3.28 | -3.74 |
| Levered Free Cash Flow | -350.74M | -179.97M | 649.31M | -179.10M | -269.72M | -271.12M |
| Unlevered Free Cash Flow | -260.72M | -121.81M | 699.62M | -128.92M | -233.44M | -246.08M |
| Cash Interest Paid | 144.54M | 93.57M | 81.51M | 81.29M | 58.06M | 40.07M |
| Cash Income Tax Paid | 738.46K | 1.54M | 9.80M | 11.66M | 8.45M | 10.60M |
| Change in Working Capital | -96.53M | -58.32M | 635.00M | 122.28M | -19.77M | -67.27M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.41B | 1.38B | 2.66B | 2.53B | 2.51B | 2.79B |
| Enterprise Value | 2.49B | 2.01B | 3.57B | 3.38B | 2.98B | 2.95B |
| Last Close Price | 19.60 | 19.20 | 36.90 | 35.10 | 34.70 | 37.89 |
| PE Ratio | 112.19 | |||||
| PS Ratio | 16.89 | 4.41 | 3.57 | 5.49 | 5.43 | 4.81 |
| PB Ratio | 0.28 | 0.27 | 0.50 | 0.73 | 0.65 | 0.71 |
| P/TBV Ratio | 0.28 | 0.27 | 0.50 | 0.73 | 0.65 | 0.71 |
| P/FCF Ratio | 19.97 | |||||
| P/OCF Ratio | 15.23 | 95.41 | ||||
| EV/Sales Ratio | 29.76 | 6.41 | 4.80 | 7.36 | 6.44 | 5.10 |
| EV/EBITDA Ratio | 106.80 | 58.61 | 20.05 | |||
| EV/EBIT Ratio | 42.71 | |||||
| EV/FCF Ratio | 26.87 | |||||
| Debt / Equity Ratio | 0.22 | 0.18 | 0.13 | 0.32 | 0.19 | 0.12 |
| Debt / EBITDA Ratio | 48.70 | 14.68 | 3.20 | |||
| Debt / FCF Ratio | 5.14 | |||||
| Net Debt / Equity Ratio | 0.21 | 0.17 | 0.12 | 0.32 | 0.18 | 0.11 |
| Net Debt / EBITDA Ratio | -29.41 | 47.28 | -1.73 | -5.18 | 13.90 | 2.99 |
| Net Debt / FCF Ratio | -3.50 | -6.68 | 4.86 | -2.90 | -3.00 | -1.64 |
| Asset Turnover | 0.01 | 0.04 | 0.12 | 0.09 | 0.09 | 0.12 |
| Inventory Turnover | 4.16 | 5.62 | 6.13 | 2.51 | 1.76 | 1.88 |
| Quick Ratio | 0.04 | 0.05 | 0.05 | 0.16 | 0.42 | 0.51 |
| Current Ratio | 0.12 | 0.12 | 0.18 | 0.49 | 0.99 | 1.19 |
| Return on Equity (ROE) | -5.08% | -3.00% | -12.43% | -11.36% | -2.89% | 0.63% |
| Return on Assets (ROA) | -1.04% | -0.57% | -4.59% | -3.61% | -0.37% | 0.88% |
| Return on Invested Capital (ROIC) | -1.98% | -1.10% | -8.77% | -6.59% | -0.68% | 1.37% |
| Return on Capital Employed (ROCE) | -2.10% | -1.10% | -7.70% | -7.50% | -0.70% | 1.60% |
| Earnings Yield | -18.47% | -11.41% | -20.53% | -16.43% | -4.49% | 0.89% |
| FCF Yield | -21.74% | -9.63% | 5.01% | -14.80% | -9.40% | -9.66% |
| Dividend Yield | 0.57% | 1.29% | ||||
| Payout Ratio | 49.88% | |||||
| Total Shareholder Return | 0.57% | 1.29% |