Company · Initiation · 29 Oct 2026
Fair value range BDT 121-215: Tibet detergent and soaps grow ~10% a year but a 14% margin is near its peak
Fair value BDT 121-215 (base 169, 9.5x FY2026F EPS) against a price of 500.4; the price corresponds to a 8.5% cost of equity or a 30% EBIT margin on our forecast.
Kohinoor Chemical Co. (Bangladesh) PLC makes Tibet and Sandalina soaps, Tibet snow and powder, hair oil and, above all, detergent powder at its factory in Tejgaon, Dhaka. Detergent was 48% of FY2025 gross sales, soaps 36% and personal care 16%; net revenue was BDT 6.47bn…
Fair value ৳121–215 · price ৳500.40 (2026-10-29)