DSE : HWAWELLTEX
Hwa Well Textiles (BD) PLC — Financial statements
Textile Mill Products · Bangladesh
Last price 46.1 BDT (At close: Oct 28, 2026) · Market cap 2.58B
Latest research: Hwa Well Textiles financial analysis: no bank debt, BDT 1.28bn cash and investments, FY2026 EPS BDT 3.71 (Oct 2026) · Hwa Well Textiles: BDT 1,507m of knit-fabric exports, no bank borrowings and BDT 1,281m of cash and investments at June 2025; FY2026 EPS BDT 3.71
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Financial statements
Hwa Well Textiles (BD) PLC (HWAWELLTEX) reported revenue of 1.43B 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 | 1.43B | 1.51B | 1.55B | 2.01B | 1.98B | 1.41B |
| Cost of Revenue | 1.23B | 1.29B | 1.38B | 1.69B | 1.68B | 1.20B |
| Gross Profit | 199.15M | 216.76M | 168.51M | 324.18M | 298.64M | 209.27M |
| Selling, General & Admin | 89.64M | 85.92M | 99.42M | 78.95M | 77.55M | 65.04M |
| Operating Expenses | 89.64M | 85.92M | 99.42M | 78.95M | 77.55M | 65.04M |
| Operating Income | 109.51M | 130.84M | 69.09M | 245.23M | 221.09M | 144.23M |
| Interest Expense | -69.93K | -851.83K | ||||
| Interest & Investment Income | 50.55M | 42.83M | 38.64M | 43.42M | 34.83M | 41.80M |
| Currency Exchange Gain (Loss) | 13.43M | 43.71M | 104.95M | 107.70M | 54.67M | 5.15M |
| Other Non Operating Income (Expenses) | 8.43M | 7.36M | 5.21M | -5.21M | -3.75M | 9.77M |
| EBT Excluding Unusual Items | 181.92M | 224.74M | 217.89M | 391.13M | 306.77M | 200.10M |
| Gain (Loss) on Sale of Investments | 37.02M | 15.36M | -14.08M | -2.83M | -3.83M | 5.82M |
| Gain (Loss) on Sale of Assets | 1.49M | |||||
| Pretax Income | 218.94M | 240.10M | 203.81M | 389.79M | 302.93M | 205.92M |
| Income Tax Expense | 32.01M | 36.54M | 25.32M | 57.34M | 48.50M | 37.34M |
| Net Income | 186.93M | 203.56M | 178.49M | 332.45M | 254.43M | 168.58M |
| Net Income to Common | 186.93M | 203.56M | 178.49M | 332.45M | 254.43M | 168.58M |
| Shares Outstanding (Basic) | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M |
| Shares Outstanding (Diluted) | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M |
| EPS (Basic) | 3.34 | 3.64 | 3.19 | 5.94 | 4.54 | 3.01 |
| EPS (Diluted) | 3.34 | 3.64 | 3.19 | 5.94 | 4.54 | 3.01 |
| Free Cash Flow | 23.06M | -148.70M | -222.04M | 871.63M | 137.92M | 257.62M |
| Free Cash Flow Per Share | 0.41 | -2.65 | -3.96 | 15.56 | 2.46 | 4.60 |
| Dividend Per Share | 2.00 | 2.00 | 2.00 | 2.50 | 2.50 | 2.00 |
| Gross Margin | 13.95% | 14.38% | 10.86% | 16.09% | 15.10% | 14.80% |
| Operating Margin | 7.67% | 8.68% | 4.45% | 12.17% | 11.18% | 10.20% |
| Profit Margin | 13.09% | 13.50% | 11.50% | 16.50% | 12.87% | 11.92% |
| Free Cash Flow Margin | 1.62% | -9.86% | -14.30% | 43.26% | 6.97% | 18.22% |
| EBITDA | 168.35M | 184.79M | 117.76M | 299.86M | 278.03M | 208.20M |
| EBITDA Margin | 11.79% | 12.26% | 7.59% | 14.88% | 14.06% | 14.73% |
| D&A For EBITDA | 58.84M | 53.96M | 48.67M | 54.63M | 56.94M | 63.97M |
| EBIT | 109.51M | 130.84M | 69.09M | 245.23M | 221.09M | 144.23M |
| EBIT Margin | 7.67% | 8.68% | 4.45% | 12.17% | 11.18% | 10.20% |
| Effective Tax Rate | 14.62% | 15.22% | 12.42% | 14.71% | 16.01% | 18.13% |
| Advertising Expenses | 10.81M | 8.58M | 5.31M | 6.48M | 5.94M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 952.31M | 868.16M | 1.08B | 1.29B | 556.43M | 672.89M |
| Short-Term Investments | 465.73M | 412.54M | 384.47M | 444.25M | 390.52M | 257.76M |
| Cash & Short-Term Investments | 1.42B | 1.28B | 1.46B | 1.73B | 946.95M | 930.66M |
| Accounts Receivable | 25.62M | 251.64M | 345.26M | 30.63M | 255.37M | 142.21M |
| Other Receivables | 16.90M | 3.51M | 2.68M | 5.77M | 4.97M | 5.40M |
| Receivables | 42.52M | 255.15M | 347.94M | 36.41M | 260.35M | 147.61M |
| Inventory | 234.16M | 200.94M | 46.83M | 19.11M | 222.71M | 187.90M |
| Prepaid Expenses | 2.21M | 1.46M | 1.45M | 1.23M | 1.03M | 1.13M |
| Other Current Assets | 128.63M | 91.00M | 78.33M | 120.75M | 108.34M | 102.30M |
| Total Current Assets | 1.83B | 1.83B | 1.94B | 1.91B | 1.54B | 1.37B |
| Property, Plant & Equipment | 726.65M | 769.23M | 711.48M | 693.08M | 739.71M | 730.75M |
| Other Intangible Assets | 343.82K | 404.50K | 363.57K | 305.10K | 221.57K | 166.52K |
| Other Long-Term Assets | 26.55M | 26.26M | 26.26M | 26.26M | 8.44M | |
| Total Assets | 2.58B | 2.63B | 2.68B | 2.63B | 2.29B | 2.10B |
| Accounts Payable | 120.86M | 221.60M | 289.03M | 204.53M | 171.48M | 139.70M |
| Accrued Expenses | 41.50M | 52.04M | 123.53M | 34.03M | 35.92M | 27.83M |
| Current Income Taxes Payable | 69.55M | 40.34M | 38.50M | 69.31M | 50.36M | 39.28M |
| Current Unearned Revenue | 135.70M | 36.33M | 14.72M | |||
| Other Current Liabilities | 2.29M | 3.19M | 7.42M | 2.21M | 1.51M | 47.31M |
| Total Current Liabilities | 234.20M | 317.17M | 458.48M | 445.77M | 295.60M | 268.84M |
| Long-Term Deferred Tax Liabilities | 53.39M | 58.85M | 60.70M | 68.62M | 68.99M | 64.37M |
| Total Liabilities | 287.59M | 376.01M | 519.18M | 514.39M | 364.59M | 333.22M |
| Common Stock | 560.00M | 560.00M | 560.00M | 560.00M | 560.00M | 560.00M |
| Retained Earnings | 1.44B | 1.39B | 1.29B | 1.25B | 1.05B | 893.45M |
| Comprehensive Income & Other | 294.58M | 298.55M | 304.42M | 310.93M | 318.15M | 313.84M |
| Shareholders' Equity | 2.29B | 2.25B | 2.16B | 2.12B | 1.92B | 1.77B |
| Total Liabilities & Equity | 2.58B | 2.63B | 2.68B | 2.63B | 2.29B | 2.10B |
| Net Cash (Debt) | 1.42B | 1.28B | 1.46B | 1.73B | 946.95M | 930.66M |
| Net Cash Per Share | 25.32 | 22.87 | 26.13 | 30.97 | 16.91 | 16.62 |
| Filing Date Shares Outstanding | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M |
| Total Common Shares Outstanding | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M | 56.00M |
| Working Capital | 1.59B | 1.51B | 1.48B | 1.47B | 1.24B | 1.10B |
| Book Value Per Share | 40.92 | 40.16 | 38.51 | 37.80 | 34.34 | 31.56 |
| Tangible Book Value | 2.29B | 2.25B | 2.16B | 2.12B | 1.92B | 1.77B |
| Tangible Book Value Per Share | 40.91 | 40.16 | 38.50 | 37.80 | 34.34 | 31.56 |
| Land | 328.51M | 328.51M | 328.51M | 328.51M | 328.51M | 323.07M |
| Buildings | 619.96M | 619.96M | 550.98M | 544.55M | 542.27M | 507.75M |
| Machinery | 735.58M | 734.72M | 648.39M | 631.97M | 627.79M | 603.17M |
| Construction In Progress | 43.61M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 186.93M | 203.56M | 178.49M | 332.45M | 254.43M | 168.58M |
| Depreciation & Amortization | 58.84M | 53.96M | 48.67M | 54.63M | 56.94M | 63.97M |
| Other Amortization | 87.94K | 109.07K | 91.53K | 66.47K | 94.96K | 71.37K |
| Loss (Gain) From Sale of Assets | -1.49M | |||||
| Loss (Gain) From Sale of Investments | -37.02M | -15.36M | 14.08M | 2.83M | 3.83M | -6.95K |
| Other Operating Activities | -79.78M | -78.18M | -142.69M | -83.52M | -27.38M | -29.85M |
| Change in Accounts Receivable | 333.79M | 95.34M | -301.15M | 226.76M | -93.72M | -24.39M |
| Change in Inventory | -152.14M | -154.11M | -27.72M | 203.60M | -34.82M | 8.37M |
| Change in Accounts Payable | -121.01M | -82.75M | 88.18M | 32.00M | 33.72M | 92.63M |
| Change in Other Net Operating Assets | -123.02M | -65.07M | -12.98M | 112.37M | -3.48M | -10.71M |
| Operating Cash Flow | 66.68M | -42.49M | -155.03M | 879.70M | 189.62M | 268.65M |
| Capital Expenditures | -43.62M | -106.21M | -67.02M | -8.07M | -51.70M | -11.03M |
| Sale of Property, Plant & Equipment | 1.56M | 21.61M | 14.72M | |||
| Sale (Purchase) of Intangibles | -150.00K | -150.00K | -150.00K | -150.00K | -150.00K | |
| Investment in Securities | 10.21M | -14.20M | 59.77M | -53.73M | -132.76M | -3.50M |
| Other Investing Activities | 40.78M | 41.08M | 10.48M | -956.71K | 6.79M | 51.74M |
| Investing Cash Flow | 7.22M | -79.48M | 3.09M | -61.35M | -156.21M | 51.93M |
| Common Dividends Paid | -111.77M | -111.70M | -139.83M | -139.98M | -143.68M | -79.87M |
| Other Financing Activities | -186.04K | -158.73K | -224.65K | -179.08K | -14.77M | -5.07K |
| Financing Cash Flow | -111.96M | -111.86M | -140.06M | -140.16M | -158.46M | -79.87M |
| Foreign Exchange Rate Adjustments | 6.15M | 23.40M | 80.68M | 55.28M | 8.58M | -1.57M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -31.90M | -210.42M | -211.32M | 733.47M | -116.47M | 239.14M |
| Free Cash Flow | 23.06M | -148.70M | -222.04M | 871.63M | 137.92M | 257.62M |
| Free Cash Flow Margin | 1.62% | -9.86% | -14.30% | 43.26% | 6.97% | 18.22% |
| Free Cash Flow Per Share | 0.41 | -2.65 | -3.96 | 15.56 | 2.46 | 4.60 |
| Levered Free Cash Flow | 11.27M | -185.83M | -259.58M | 764.85M | 16.59M | 241.48M |
| Unlevered Free Cash Flow | 11.27M | -185.83M | -259.58M | 764.85M | 16.63M | 242.01M |
| Cash Interest Paid | 30.54K | 68.00 | ||||
| Cash Income Tax Paid | 52.39M | 50.54M | 43.64M | 65.36M | 37.89M | 35.14M |
| Change in Working Capital | -62.38M | -206.58M | -253.67M | 574.73M | -98.30M | 65.90M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.56B | 2.23B | 2.37B | 3.32B | 2.57B | 2.36B |
| Enterprise Value | 1.14B | 822.49M | 714.97M | 1.76B | 1.80B | 1.43B |
| Last Close Price | 45.70 | 38.02 | 38.48 | 51.37 | 37.67 | 33.12 |
| PE Ratio | 13.81 | 10.98 | 13.30 | 9.99 | 10.10 | 14.02 |
| PS Ratio | 1.79 | 1.48 | 1.53 | 1.65 | 1.30 | 1.67 |
| PB Ratio | 1.12 | 0.99 | 1.10 | 1.57 | 1.34 | 1.34 |
| P/TBV Ratio | 1.12 | 0.99 | 1.10 | 1.57 | 1.34 | 1.34 |
| P/FCF Ratio | 110.98 | 3.81 | 18.64 | 9.17 | ||
| P/OCF Ratio | 38.38 | 3.77 | 13.56 | 8.80 | ||
| EV/Sales Ratio | 0.80 | 0.55 | 0.46 | 0.88 | 0.91 | 1.01 |
| EV/EBITDA Ratio | 6.78 | 4.45 | 6.07 | 5.88 | 6.48 | 6.85 |
| EV/EBIT Ratio | 10.42 | 6.29 | 10.35 | 7.19 | 8.14 | 9.89 |
| EV/FCF Ratio | 49.49 | 2.02 | 13.06 | 5.54 | ||
| Net Debt / Equity Ratio | -0.62 | -0.57 | -0.68 | -0.82 | -0.49 | -0.53 |
| Net Debt / EBITDA Ratio | -8.42 | -6.93 | -12.42 | -5.78 | -3.41 | -4.47 |
| Net Debt / FCF Ratio | -61.49 | 8.61 | 6.59 | -1.99 | -6.87 | -3.61 |
| Asset Turnover | 0.54 | 0.57 | 0.58 | 0.82 | 0.90 | 0.71 |
| Inventory Turnover | 7.77 | 10.42 | 41.97 | 13.98 | 8.18 | 6.27 |
| Quick Ratio | 6.24 | 4.84 | 3.95 | 3.97 | 4.08 | 4.01 |
| Current Ratio | 7.79 | 5.77 | 4.23 | 4.29 | 5.21 | 5.09 |
| Return on Equity (ROE) | 8.29% | 9.24% | 8.35% | 16.46% | 13.79% | 9.70% |
| Return on Assets (ROA) | 2.58% | 3.08% | 1.63% | 6.23% | 6.30% | 4.51% |
| Return on Invested Capital (ROIC) | 11.81% | 13.35% | 11.24% | 30.78% | 20.49% | 12.71% |
| Return on Capital Employed (ROCE) | 4.70% | 5.70% | 3.10% | 11.20% | 11.10% | 7.90% |
| Earnings Yield | 7.24% | 9.11% | 7.52% | 10.01% | 9.90% | 7.13% |
| FCF Yield | 0.90% | -6.65% | -9.35% | 26.25% | 5.37% | 10.90% |
| Dividend Yield | 4.34% | 5.01% | 4.72% | 4.22% | 5.45% | 4.74% |
| Payout Ratio | 59.79% | 54.87% | 78.34% | 42.10% | 56.47% | 47.38% |
| Total Shareholder Return | 4.34% | 5.01% | 4.72% | 4.22% | 5.45% | 4.74% |