DSE:HEIDELBCEM

Heidelberg Materials Bangladesh PLC. research

Reports on Heidelberg Materials Bangladesh PLC.

Company · Analysis · 29 Oct 2026

Heidelberg Materials Bangladesh: debt-free, but imported clinker and parent fees leave little for shareholders

A grinder with 3,510 kt of capacity running at 52.5%, buying 87.5% of its clinker from the group and paying parent fees of 1.8 times its 2025 profit. H1 2026 loss Tk 111m.

What it is. Heidelberg Materials Bangladesh (HMB) grinds imported clinker into cement at three plants (Kanchpur near Dhaka, Chattogram and Mukterpur in Munshiganj) with 3,510 kt of installed capacity and sells it as ScanCement and RubyCement. It owns no kiln and no limestone, so cost…

Peer comparisons and industry research covering Heidelberg Materials Bangladesh PLC.

Company · DSE:PREMIERCEM · Cement · Analysis · 29 Oct 2026

Premier Cement: the best gross margin of the four listed cement makers compared, eaten by interest and a turnover tax

Premier sold 2,816 kt in FY2025 at 49% utilisation and earned Tk 1,498 a tonne gross, but Tk 2.3bn of finance cost and an 84% tax rate left EPS at Tk 1.29. FY2026 EPS Tk 0.72; NCML and the power unit merged in January 2026.

What it is. Premier Cement Mills PLC grinds imported clinker with slag, fly ash, gypsum and limestone into cement at West Mukterpur, Munshiganj and Syedpur, Narayanganj, and sells it in Bangladesh and to the Indian states of Tripura and Assam. It began production in 2004…

Company · DSE:CONFIDCEM · Cement · Analysis · 29 Oct 2026

Confidence Cement: a 43%-utilised grinder carried by its power-plant associate

Confidence sold 524 kt from 1.2 mt of capacity in FY2025 and lost Tk 166m before associates; its 36% share of Confidence Power Holdings added Tk 1,208m but no cash dividend. The stake fell to 29.79% in FY2026.

What it is. Confidence Cement PLC, founded in 1991 and the oldest private cement maker in Bangladesh, grinds imported clinker with gypsum, slag, fly ash and limestone at one plant at Bhatiary, Sitakunda, near Chattogram. It is the listed flagship of the Confidence group, whose…

Company · DSE:CROWNCEMNT · Cement · Analysis · 29 Oct 2026

Crown Cement: one of the largest grinders, but interest, the taka and tax take most of the margin

Crown sold 4,083 kt in FY2025 from 5,736 kt of capacity, buys clinker with US-dollar loans and earned a 2.0% net margin. FY2026 EPS Tk 5.08 after a weak nine months; 22.5% cash dividend.

What it is. Crown Cement PLC (formerly M.I. Cement Factory) grinds imported clinker, slag, fly ash, gypsum and limestone into Ordinary and Portland Composite Cement at one riverside site at West Mukterpur, Munshiganj, and sells it under the 'Crown Cement' brand at home and in…

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