DSE : HAKKANIPUL
Hakkani Pulp & Paper Mills PLC. — Financial statements
Paper and Allied Products · Bangladesh
Last price 66.2 BDT (At close: Oct 28, 2026) · Market cap 1.26B
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Financial statements
Hakkani Pulp & Paper Mills PLC. (HAKKANIPUL) reported revenue of 1.03B 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 | 1.03B | 1.04B | 1.01B | 1.09B | 538.24M | 389.97M |
| Cost of Revenue | 847.81M | 882.08M | 860.56M | 948.41M | 483.55M | 317.56M |
| Gross Profit | 179.65M | 159.44M | 144.69M | 137.02M | 54.69M | 72.41M |
| Selling, General & Admin | 69.61M | 76.75M | 76.40M | 69.34M | 41.22M | 40.41M |
| Operating Expenses | 69.61M | 76.75M | 76.40M | 69.34M | 41.22M | 40.41M |
| Operating Income | 110.04M | 82.69M | 68.28M | 67.68M | 13.46M | 32.00M |
| Interest Expense | -77.44M | -64.90M | -61.93M | -53.42M | -36.50M | -58.78M |
| Interest & Investment Income | 1.30M | 1.17M | 826.77K | 868.34K | 1.22M | 1.03M |
| Currency Exchange Gain (Loss) | -1.68M | -1.68M | -192.09K | -22.25K | -43.06K | |
| Other Non Operating Income (Expenses) | -441.10K | -92.43K | 223.83K | 644.13K | 3.03K | 242.42K |
| EBT Excluding Unusual Items | 31.78M | 17.19M | 7.21M | 15.77M | -21.83M | -25.54M |
| Gain (Loss) on Sale of Investments | -1.00 | 284.46K | 4.03M | 2.51M | ||
| Pretax Income | 31.78M | 17.47M | 7.21M | 15.77M | -17.80M | -23.03M |
| Income Tax Expense | 29.77M | 16.06M | 6.43M | -1.14M | 6.81M | 1.27M |
| Net Income | 2.01M | 1.41M | 780.71K | 16.91M | -24.61M | -24.31M |
| Net Income to Common | 2.01M | 1.41M | 780.71K | 16.91M | -24.61M | -24.31M |
| Shares Outstanding (Basic) | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M |
| Shares Outstanding (Diluted) | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M |
| EPS (Basic) | 0.11 | 0.07 | 0.04 | 0.89 | -1.30 | -1.28 |
| EPS (Diluted) | 0.11 | 0.07 | 0.04 | 0.89 | -1.30 | -1.28 |
| Free Cash Flow | 66.92M | 47.29M | 79.22M | 39.26M | -82.32M | -9.94M |
| Free Cash Flow Per Share | 3.52 | 2.49 | 4.17 | 2.07 | -4.33 | -0.52 |
| Dividend Per Share | 0.50 | 0.50 | 0.20 | 0.20 | 0.10 | 0.10 |
| Gross Margin | 17.48% | 15.31% | 14.39% | 12.62% | 10.16% | 18.57% |
| Operating Margin | 10.71% | 7.94% | 6.79% | 6.24% | 2.50% | 8.21% |
| Profit Margin | 0.20% | 0.14% | 0.08% | 1.56% | -4.57% | -6.23% |
| Free Cash Flow Margin | 6.51% | 4.54% | 7.88% | 3.62% | -15.29% | -2.55% |
| EBITDA | 157.08M | 130.23M | 110.51M | 108.58M | 55.22M | 75.92M |
| EBITDA Margin | 15.29% | 12.50% | 10.99% | 10.00% | 10.26% | 19.47% |
| D&A For EBITDA | 47.04M | 47.54M | 42.23M | 40.90M | 41.76M | 43.92M |
| EBIT | 110.04M | 82.69M | 68.28M | 67.68M | 13.46M | 32.00M |
| EBIT Margin | 10.71% | 7.94% | 6.79% | 6.24% | 2.50% | 8.21% |
| Effective Tax Rate | 93.67% | 91.92% | 89.17% | |||
| Advertising Expenses | 1.31M | 1.84M | 1.76M | 990.77K | 474.20K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 82.70M | 58.12M | 13.55M | 22.41M | 24.78M | 21.28M |
| Short-Term Investments | 9.98M | 10.25M | 10.66M | 12.21M | 12.58M | 19.83M |
| Cash & Short-Term Investments | 92.68M | 68.37M | 24.20M | 34.62M | 37.36M | 41.11M |
| Accounts Receivable | 162.22M | 165.23M | 178.47M | 185.91M | 191.86M | 170.16M |
| Receivables | 162.22M | 165.23M | 178.47M | 185.91M | 191.86M | 170.16M |
| Inventory | 415.22M | 423.59M | 362.33M | 337.96M | 270.78M | 215.19M |
| Other Current Assets | 98.47M | 93.08M | 99.45M | 104.88M | 109.60M | 213.66M |
| Total Current Assets | 768.59M | 750.27M | 664.45M | 663.37M | 609.60M | 640.11M |
| Property, Plant & Equipment | 861.06M | 869.40M | 875.67M | 861.18M | 867.75M | 828.69M |
| Total Assets | 1.63B | 1.62B | 1.54B | 1.52B | 1.48B | 1.47B |
| Accounts Payable | 21.14M | 27.13M | 31.03M | 29.94M | 23.09M | 45.35M |
| Accrued Expenses | 32.44M | 65.86M | 50.82M | 38.60M | 26.55M | 26.58M |
| Short-Term Debt | 162.24M | 172.86M | 148.34M | 321.05M | 311.19M | 298.14M |
| Current Portion of Long-Term Debt | 137.03M | 126.00M | 117.98M | 82.93M | 82.83M | 79.03M |
| Current Income Taxes Payable | 25.83M | 27.68M | 31.86M | 25.48M | 18.44M | 15.17M |
| Other Current Liabilities | 2.39M | 2.80M | 2.60M | 3.83M | 3.43M | 2.97M |
| Total Current Liabilities | 381.07M | 422.33M | 382.63M | 501.83M | 465.53M | 467.25M |
| Long-Term Debt | 691.75M | 640.14M | 603.15M | 463.71M | 460.11M | 424.68M |
| Long-Term Deferred Tax Liabilities | 94.73M | 96.69M | 92.85M | 94.40M | 104.17M | 102.59M |
| Total Liabilities | 1.17B | 1.16B | 1.08B | 1.06B | 1.03B | 994.52M |
| Common Stock | 190.00M | 190.00M | 190.00M | 190.00M | 190.00M | 190.00M |
| Retained Earnings | 45.16M | 37.91M | 31.26M | 24.63M | -1.58M | 13.04M |
| Comprehensive Income & Other | 226.94M | 232.61M | 240.23M | 249.98M | 259.12M | 271.24M |
| Shareholders' Equity | 462.10M | 460.51M | 461.49M | 464.61M | 447.55M | 474.28M |
| Total Liabilities & Equity | 1.63B | 1.62B | 1.54B | 1.52B | 1.48B | 1.47B |
| Total Debt | 991.02M | 938.99M | 869.48M | 867.70M | 854.13M | 801.85M |
| Net Cash (Debt) | -898.34M | -870.62M | -845.27M | -833.07M | -816.77M | -760.74M |
| Net Cash Per Share | -47.28 | -45.82 | -44.49 | -43.85 | -42.99 | -40.04 |
| Filing Date Shares Outstanding | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M |
| Total Common Shares Outstanding | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M | 19.00M |
| Working Capital | 387.52M | 327.94M | 281.82M | 161.54M | 144.07M | 172.86M |
| Book Value Per Share | 24.32 | 24.24 | 24.29 | 24.45 | 23.56 | 24.96 |
| Tangible Book Value | 462.10M | 460.51M | 461.49M | 464.61M | 447.55M | 474.28M |
| Tangible Book Value Per Share | 24.32 | 24.24 | 24.29 | 24.45 | 23.56 | 24.96 |
| Land | 189.79M | 183.81M | 183.06M | 182.96M | 182.61M | 182.61M |
| Buildings | 317.04M | 315.75M | 309.71M | 293.90M | 284.47M | 269.37M |
| Machinery | 1.02B | 1.00B | 967.99M | 854.93M | 830.40M | 821.81M |
| Construction In Progress | 72.26M | 72.26M | 15.14M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.01M | 1.41M | 780.71K | 16.91M | -24.61M | -24.31M |
| Depreciation & Amortization | 47.04M | 47.54M | 42.23M | 40.90M | 41.76M | 43.92M |
| Other Operating Activities | 80.83M | 67.15M | 51.91M | 47.15M | 40.93M | 58.72M |
| Change in Accounts Receivable | -4.92M | 13.25M | 7.44M | 5.96M | -21.70M | -21.41M |
| Change in Inventory | -46.84M | -48.55M | -20.95M | -54.02M | -51.39M | -22.87M |
| Change in Accounts Payable | -924.67K | -3.90M | 1.09M | 6.85M | -22.26M | -5.13M |
| Change in Income Taxes | -11.43M | -4.18M | 6.38M | 7.04M | 3.27M | 2.37M |
| Change in Other Net Operating Assets | 42.87M | 21.19M | 47.07M | 17.28M | 32.51M | -27.38M |
| Operating Cash Flow | 108.64M | 93.91M | 135.94M | 88.06M | -1.50M | 3.91M |
| Capital Expenditures | -41.73M | -46.62M | -56.72M | -48.80M | -80.82M | -13.85M |
| Sale of Property, Plant & Equipment | 1.86M | |||||
| Investment in Securities | -284.46K | 467.75K | 4.03M | 3.83M | ||
| Other Investing Activities | 71.11M | |||||
| Investing Cash Flow | -42.01M | -46.15M | -54.86M | -48.80M | -5.68M | -10.01M |
| Short-Term Debt Issued | 24.56M | 4.62M | 10.19M | 21.17M | 67.67M | |
| Long-Term Debt Issued | 36.98M | 4.20M | 35.43M | 49.83M | ||
| Total Debt Issued | 71.98M | 61.54M | 4.62M | 14.39M | 56.60M | 117.50M |
| Short-Term Debt Repaid | -200.00K | -7.69M | -40.37M | |||
| Long-Term Debt Repaid | -37.57M | -600.00K | ||||
| Total Debt Repaid | -11.14M | -200.00K | -37.57M | -600.00K | -7.69M | -40.37M |
| Net Debt Issued (Repaid) | 60.84M | 61.34M | -32.95M | 13.79M | 48.91M | 77.13M |
| Common Dividends Paid | -4.91M | -3.44M | -5.35M | -867.82K | -841.48K | -1.51M |
| Other Financing Activities | -77.81M | -61.08M | -51.65M | -54.55M | -37.39M | -59.82M |
| Financing Cash Flow | -21.88M | -3.18M | -89.94M | -41.63M | 10.67M | 15.80M |
| Net Cash Flow | 44.75M | 44.58M | -8.86M | -2.37M | 3.50M | 9.70M |
| Free Cash Flow | 66.92M | 47.29M | 79.22M | 39.26M | -82.32M | -9.94M |
| Free Cash Flow Margin | 6.51% | 4.54% | 7.88% | 3.62% | -15.29% | -2.55% |
| Free Cash Flow Per Share | 3.52 | 2.49 | 4.17 | 2.07 | -4.33 | -0.52 |
| Levered Free Cash Flow | -10.34M | -22.44M | -3.56M | -29.16M | -45.27M | -88.35M |
| Unlevered Free Cash Flow | 38.07M | 18.12M | 35.15M | 4.22M | -22.45M | -51.61M |
| Cash Interest Paid | 77.81M | 61.08M | 51.65M | 54.55M | 37.39M | 59.82M |
| Cash Income Tax Paid | 8.94M | 3.83M | 3.49M | 6.06M | 1.68M | 492.83K |
| Change in Working Capital | -21.24M | -22.19M | 41.02M | -16.90M | -59.58M | -74.43M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.22B | 1.23B | 1.09B | 1.26B | 1.17B | 1.28B |
| Enterprise Value | 2.12B | 2.09B | 1.93B | 2.12B | 1.99B | 1.92B |
| Last Close Price | 64.10 | 63.97 | 56.55 | 65.42 | 60.30 | 66.25 |
| PE Ratio | 625.43 | 868.15 | 1,394.51 | 74.71 | ||
| PS Ratio | 1.19 | 1.18 | 1.08 | 1.16 | 2.17 | 3.29 |
| PB Ratio | 2.64 | 2.66 | 2.36 | 2.72 | 2.61 | 2.71 |
| P/TBV Ratio | 2.64 | 2.66 | 2.36 | 2.72 | 2.61 | 2.71 |
| P/FCF Ratio | 18.20 | 25.91 | 13.74 | 32.18 | ||
| P/OCF Ratio | 11.21 | 13.05 | 8.01 | 14.35 | 328.82 | |
| EV/Sales Ratio | 2.06 | 2.01 | 1.92 | 1.95 | 3.70 | 4.92 |
| EV/EBITDA Ratio | 13.47 | 16.08 | 17.48 | 19.52 | 36.10 | 25.25 |
| EV/EBIT Ratio | 19.23 | 25.33 | 28.29 | 31.32 | 148.06 | 59.91 |
| EV/FCF Ratio | 31.63 | 44.28 | 24.38 | 53.99 | ||
| Debt / Equity Ratio | 2.15 | 2.04 | 1.88 | 1.87 | 1.91 | 1.69 |
| Debt / EBITDA Ratio | 6.31 | 7.21 | 7.87 | 7.99 | 15.47 | 10.56 |
| Debt / FCF Ratio | 14.81 | 19.86 | 10.97 | 22.10 | ||
| Net Debt / Equity Ratio | 1.94 | 1.89 | 1.83 | 1.79 | 1.82 | 1.60 |
| Net Debt / EBITDA Ratio | 5.72 | 6.68 | 7.65 | 7.67 | 14.79 | 10.02 |
| Net Debt / FCF Ratio | 13.43 | 18.41 | 10.67 | 21.22 | -9.92 | -76.54 |
| Asset Turnover | 0.64 | 0.66 | 0.66 | 0.72 | 0.36 | 0.27 |
| Inventory Turnover | 2.15 | 2.25 | 2.46 | 3.12 | 1.99 | 1.56 |
| Quick Ratio | 0.67 | 0.55 | 0.53 | 0.44 | 0.49 | 0.45 |
| Current Ratio | 2.02 | 1.78 | 1.74 | 1.32 | 1.31 | 1.37 |
| Return on Equity (ROE) | 0.43% | 0.31% | 0.17% | 3.71% | -5.34% | -5.04% |
| Return on Assets (ROA) | 4.28% | 3.27% | 2.79% | 2.82% | 0.57% | 1.40% |
| Return on Invested Capital (ROIC) | 0.51% | 0.51% | 0.57% | 5.28% | 1.08% | 2.67% |
| Return on Capital Employed (ROCE) | 8.80% | 6.90% | 5.90% | 6.60% | 1.30% | 3.20% |
| Earnings Yield | 0.16% | 0.11% | 0.07% | 1.34% | -2.11% | -1.89% |
| FCF Yield | 5.49% | 3.86% | 7.28% | 3.11% | -7.06% | -0.77% |
| Dividend Yield | 0.76% | 0.78% | 0.35% | 0.30% | 0.16% | 0.15% |
| Payout Ratio | 244.26% | 243.73% | 685.20% | 5.13% | ||
| Total Shareholder Return | 0.76% | 0.78% | 0.35% | 0.30% | 0.16% | 0.15% |