DSE : JMISMDL
JMI Syringes & Medical Devices Limited — Financial statements
Surgical and Medical Instruments and Apparatus · Bangladesh
Last price 128.5 BDT (At close: Oct 29, 2026) · Market cap 3.86B
Latest research: JMI Syringes financial analysis: flood write-off, 8.7% gross margin and a BDT 2.00 FY2026 loss per share (Oct 2026) · JMI Syringes: gross margin fell to 8.7% in 9M FY2026 and a flood write-off took FY2026 to a BDT 2.00 loss per share; the 10% cash dividend was kept
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Financial statements
JMI Syringes & Medical Devices Limited (JMISMDL) reported revenue of 1.67B 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 | 1.67B | 1.88B | 1.79B | 1.76B | 2.44B | 1.99B |
| Cost of Revenue | 1.49B | 1.59B | 1.50B | 1.53B | 2.05B | 1.66B |
| Gross Profit | 184.77M | 293.19M | 289.79M | 221.49M | 389.31M | 336.76M |
| Selling, General & Admin | 157.49M | 156.82M | 155.77M | 141.69M | 176.37M | 150.89M |
| Other Operating Expenses | 50.00K | 419.00K | 114.00K | 7.96M | ||
| Operating Expenses | 158.14M | 157.84M | 156.49M | 150.24M | 176.97M | 151.29M |
| Operating Income | 26.62M | 135.35M | 133.30M | 71.24M | 212.34M | 185.46M |
| Interest Expense | -113.03K | -433.25K | -2.52M | -12.93M | -13.18M | -11.18M |
| Interest & Investment Income | 1.54M | 1.45M | 269.03K | 1.42M | 6.89M | 10.40M |
| Currency Exchange Gain (Loss) | -1.82M | -7.09M | -5.31M | -178.93K | 768.32K | |
| Other Non Operating Income (Expenses) | -76.62M | -171.29K | 5.33M | 4.73M | 1.79M | 714.65K |
| EBT Excluding Unusual Items | -50.39M | 129.11M | 131.07M | 64.46M | 207.67M | 186.17M |
| Gain (Loss) on Sale of Assets | 51.96K | |||||
| Pretax Income | -50.39M | 129.11M | 131.07M | 64.46M | 207.72M | 186.17M |
| Income Tax Expense | 42.26M | 84.18M | 92.19M | 214.43M | 107.12M | 97.06M |
| Net Income | -92.65M | 44.92M | 38.88M | -149.96M | 100.60M | 89.11M |
| Net Income to Common | -92.65M | 44.92M | 38.88M | -149.96M | 100.60M | 89.11M |
| Shares Outstanding (Basic) | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M |
| Shares Outstanding (Diluted) | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M |
| EPS (Basic) | -3.08 | 1.49 | 1.29 | -4.99 | 3.35 | 2.96 |
| EPS (Diluted) | -3.08 | 1.49 | 1.29 | -4.99 | 3.35 | 2.96 |
| Free Cash Flow | 78.46M | 99.20M | 109.46M | 21.29M | -57.08M | 124.80M |
| Free Cash Flow Per Share | 2.61 | 3.30 | 3.64 | 0.71 | -1.90 | 4.15 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 3.60 | 2.21 |
| Gross Margin | 11.04% | 15.56% | 16.16% | 12.62% | 15.97% | 16.89% |
| Operating Margin | 1.59% | 7.18% | 7.43% | 4.06% | 8.71% | 9.30% |
| Profit Margin | -5.53% | 2.38% | 2.17% | -8.54% | 4.13% | 4.47% |
| Free Cash Flow Margin | 4.69% | 5.27% | 6.10% | 1.21% | -2.34% | 6.26% |
| EBITDA | 91.68M | 201.60M | 204.06M | 145.51M | 285.59M | 256.73M |
| EBITDA Margin | 5.48% | 10.70% | 11.38% | 8.29% | 11.71% | 12.88% |
| D&A For EBITDA | 65.05M | 66.25M | 70.75M | 74.27M | 73.24M | 71.27M |
| EBIT | 26.62M | 135.35M | 133.30M | 71.24M | 212.34M | 185.46M |
| EBIT Margin | 1.59% | 7.18% | 7.43% | 4.06% | 8.71% | 9.30% |
| Effective Tax Rate | 65.21% | 70.34% | 332.63% | 51.57% | 52.14% | |
| Advertising Expenses | 9.54M | 8.98M | 9.10M | 12.47M | 6.04M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 105.39M | 82.96M | 43.16M | 51.71M | 91.72M | 45.78M |
| Cash & Short-Term Investments | 105.39M | 82.96M | 43.16M | 51.71M | 91.72M | 45.78M |
| Accounts Receivable | 617.49M | 636.27M | 573.04M | 466.46M | 490.93M | 566.20M |
| Receivables | 617.49M | 636.27M | 573.04M | 466.46M | 525.91M | 634.38M |
| Inventory | 590.10M | 660.75M | 710.20M | 837.05M | 723.95M | 541.64M |
| Other Current Assets | 404.51M | 321.61M | 241.61M | 192.58M | 596.39M | 434.52M |
| Total Current Assets | 1.72B | 1.70B | 1.57B | 1.55B | 1.94B | 1.66B |
| Property, Plant & Equipment | 1.29B | 1.33B | 1.39B | 1.45B | 1.48B | 1.46B |
| Other Intangible Assets | 1.70M | 1.98M | 2.47M | 2.41M | 842.73K | 697.10K |
| Other Long-Term Assets | -1.00 | 1.00 | ||||
| Total Assets | 3.01B | 3.03B | 2.96B | 3.00B | 3.42B | 3.12B |
| Accounts Payable | 108.57M | 63.09M | 57.06M | 99.99M | 119.06M | 62.16M |
| Accrued Expenses | 79.13M | 43.38M | 53.43M | 66.03M | 101.80M | 23.83M |
| Short-Term Debt | 25.08M | 24.41M | 46.13M | 126.46M | 208.48M | 48.40M |
| Current Portion of Long-Term Debt | 388.92K | 872.37K | 805.51K | 2.01M | 3.31M | 5.15M |
| Current Portion of Leases | 678.92K | 2.54M | 5.19M | 8.53M | ||
| Current Income Taxes Payable | 178.27M | 164.67M | 90.41M | 105.15M | 141.41M | |
| Other Current Liabilities | 4.42M | 3.38M | 2.22M | 5.12M | 34.06M | 10.13M |
| Total Current Liabilities | 395.87M | 299.81M | 250.73M | 302.14M | 577.05M | 299.60M |
| Long-Term Debt | 161.26K | 1.03M | 1.83M | 1.37M | 4.91M | |
| Long-Term Deferred Tax Liabilities | 108.57M | 111.13M | 100.57M | 98.79M | 95.48M | 100.80M |
| Total Liabilities | 504.43M | 411.10M | 352.33M | 402.77M | 673.90M | 405.31M |
| Common Stock | 300.56M | 300.56M | 300.56M | 300.56M | 221.00M | 221.00M |
| Additional Paid-In Capital | 1.71B | 1.71B | 1.71B | 1.71B | 1.71B | 1.71B |
| Retained Earnings | 152.37M | 261.53M | 237.17M | 220.10M | 440.95M | 397.54M |
| Comprehensive Income & Other | 343.41M | 351.30M | 358.61M | 366.86M | 375.53M | 384.64M |
| Shareholders' Equity | 2.50B | 2.62B | 2.60B | 2.60B | 2.75B | 2.71B |
| Total Liabilities & Equity | 3.01B | 3.03B | 2.96B | 3.00B | 3.42B | 3.12B |
| Total Debt | 25.46M | 25.44M | 48.64M | 132.84M | 218.36M | 66.98M |
| Net Cash (Debt) | 79.92M | 57.52M | -5.48M | -81.13M | -126.64M | -21.20M |
| Net Cash Per Share | 2.66 | 1.91 | -0.18 | -2.70 | -4.21 | -0.71 |
| Filing Date Shares Outstanding | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M |
| Total Common Shares Outstanding | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M | 30.06M |
| Working Capital | 1.32B | 1.40B | 1.32B | 1.25B | 1.36B | 1.36B |
| Book Value Per Share | 83.34 | 87.23 | 86.66 | 86.37 | 91.36 | 90.22 |
| Tangible Book Value | 2.50B | 2.62B | 2.60B | 2.59B | 2.75B | 2.71B |
| Tangible Book Value Per Share | 83.28 | 87.16 | 86.58 | 86.29 | 91.33 | 90.19 |
| Land | 291.90M | 291.90M | 363.56M | 363.56M | 363.56M | 363.56M |
| Buildings | 785.22M | 783.84M | 707.17M | 704.96M | 701.88M | 683.80M |
| Machinery | 1.21B | 1.21B | 1.20B | 1.20B | 1.16B | 1.08B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -92.65M | 44.92M | 38.88M | -149.96M | 100.60M | 89.11M |
| Depreciation & Amortization | 65.73M | 66.93M | 72.61M | 76.92M | 76.58M | 75.24M |
| Other Amortization | 771.59K | 494.13K | ||||
| Other Operating Activities | 13.16M | 17.25M | 7.83M | 13.83M | 7.47M | 2.25M |
| Change in Accounts Receivable | 34.75M | -63.23M | -106.42M | 24.47M | 75.33M | 193.44M |
| Change in Inventory | 60.13M | 49.45M | 126.86M | -113.10M | -182.32M | -76.53M |
| Change in Accounts Payable | 100.46M | 71.38M | 31.69M | -188.72M | 308.30M | -66.02M |
| Change in Income Taxes | -82.24M | -91.32M | -89.79M | 205.99M | -163.03M | -105.56M |
| Change in Other Net Operating Assets | -10.90M | 11.32M | 40.50M | 196.29M | -182.14M | 73.17M |
| Operating Cash Flow | 89.22M | 107.19M | 122.16M | 65.72M | 40.78M | 185.10M |
| Capital Expenditures | -10.76M | -7.98M | -12.70M | -44.44M | -97.86M | -60.30M |
| Sale of Property, Plant & Equipment | 1.15M | 1.97M | 48.04K | 532.50K | ||
| Investing Cash Flow | -10.76M | -6.83M | -10.73M | -44.44M | -97.81M | -59.77M |
| Short-Term Debt Issued | 160.08M | |||||
| Total Debt Issued | -14.92M | 160.08M | ||||
| Short-Term Debt Repaid | -21.72M | -80.33M | -82.02M | -76.80M | ||
| Long-Term Debt Repaid | -802.51K | -2.01M | -836.38K | -5.37M | -4.86M | |
| Total Debt Repaid | -22.57M | -22.52M | -82.34M | -82.86M | -5.37M | -81.66M |
| Net Debt Issued (Repaid) | -37.49M | -22.52M | -82.34M | -82.86M | 154.71M | -81.66M |
| Common Dividends Paid | -30.55M | -30.03M | -29.73M | -241.61K | -68.76M | -65.65M |
| Other Financing Activities | -2.32M | -8.00M | -7.90M | 21.80M | 17.02M | 39.22M |
| Financing Cash Flow | -70.35M | -60.55M | -119.98M | -61.30M | 102.97M | -108.09M |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | -1.00 | |||
| Net Cash Flow | 8.11M | 39.80M | -8.55M | -40.01M | 45.94M | 17.24M |
| Free Cash Flow | 78.46M | 99.20M | 109.46M | 21.29M | -57.08M | 124.80M |
| Free Cash Flow Margin | 4.69% | 5.27% | 6.10% | 1.21% | -2.34% | 6.26% |
| Free Cash Flow Per Share | 2.61 | 3.30 | 3.64 | 0.71 | -1.90 | 4.15 |
| Levered Free Cash Flow | 174.20M | 121.38M | 144.88M | 230.16M | -9.98M | 192.98M |
| Unlevered Free Cash Flow | 174.27M | 121.65M | 146.46M | 238.24M | -1.74M | 199.96M |
| Cash Interest Paid | 2.32M | 8.00M | 7.90M | 13.18M | 16.18M | 11.51M |
| Cash Income Tax Paid | 82.24M | 91.32M | 89.79M | 110.27M | 163.03M | 105.56M |
| Change in Working Capital | 102.20M | -22.40M | 2.84M | 124.93M | -143.86M | 18.50M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.86B | 3.92B | 4.62B | 7.68B | 6.90B | 7.32B |
| Enterprise Value | 3.78B | 3.89B | 4.64B | 7.85B | 7.12B | 7.43B |
| Last Close Price | 128.50 | 129.32 | 151.25 | 250.45 | 225.09 | 236.57 |
| PE Ratio | 87.31 | 118.82 | 68.61 | 82.12 | ||
| PS Ratio | 2.31 | 2.08 | 2.58 | 4.38 | 2.83 | 3.67 |
| PB Ratio | 1.54 | 1.50 | 1.77 | 2.96 | 2.51 | 2.70 |
| P/TBV Ratio | 1.54 | 1.50 | 1.77 | 2.96 | 2.51 | 2.70 |
| P/FCF Ratio | 49.22 | 39.54 | 42.20 | 360.75 | 58.63 | |
| P/OCF Ratio | 43.29 | 36.59 | 37.82 | 116.84 | 169.23 | 39.53 |
| EV/Sales Ratio | 2.26 | 2.06 | 2.59 | 4.47 | 2.92 | 3.73 |
| EV/EBITDA Ratio | 40.95 | 19.29 | 22.74 | 53.98 | 24.93 | 28.94 |
| EV/EBIT Ratio | 142.07 | 28.73 | 34.81 | 110.25 | 33.53 | 40.05 |
| EV/FCF Ratio | 48.21 | 39.20 | 42.39 | 368.97 | 59.52 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.05 | 0.08 | 0.03 |
| Debt / EBITDA Ratio | 0.28 | 0.13 | 0.24 | 0.90 | 0.76 | 0.26 |
| Debt / FCF Ratio | 0.33 | 0.26 | 0.44 | 6.24 | 0.54 | |
| Net Debt / Equity Ratio | -0.03 | -0.02 | 0.00 | 0.03 | 0.05 | 0.01 |
| Net Debt / EBITDA Ratio | -0.87 | -0.28 | 0.03 | 0.56 | 0.44 | 0.08 |
| Net Debt / FCF Ratio | -1.02 | -0.58 | 0.05 | 3.81 | -2.22 | 0.17 |
| Asset Turnover | 0.55 | 0.63 | 0.60 | 0.55 | 0.75 | 0.62 |
| Inventory Turnover | 2.40 | 2.32 | 1.94 | 1.97 | 3.24 | 3.29 |
| Quick Ratio | 1.83 | 2.40 | 2.46 | 1.72 | 1.01 | 2.04 |
| Current Ratio | 4.34 | 5.68 | 6.25 | 5.12 | 3.36 | 5.53 |
| Return on Equity (ROE) | -3.61% | 1.72% | 1.49% | -5.62% | 3.69% | 3.30% |
| Return on Assets (ROA) | 0.55% | 2.82% | 2.80% | 1.39% | 4.06% | 3.60% |
| Return on Invested Capital (ROIC) | 1.07% | 1.82% | 1.50% | -5.97% | 3.67% | 3.20% |
| Return on Capital Employed (ROCE) | 1.00% | 5.00% | 4.90% | 2.60% | 7.50% | 6.60% |
| Earnings Yield | -2.48% | 1.15% | 0.84% | -1.95% | 1.46% | 1.22% |
| FCF Yield | 2.03% | 2.53% | 2.37% | 0.28% | -0.83% | 1.71% |
| Dividend Yield | 0.81% | 0.77% | 0.65% | 0.39% | 1.57% | 0.91% |
| Payout Ratio | 66.85% | 76.48% | 68.35% | 73.68% | ||
| Total Shareholder Return | 0.81% | 0.77% | 0.65% | 0.39% | 1.57% | 0.91% |