DSE : MATINSPINN
Matin Spinning Mills PLC — Financial statements
Textile Mill Products · Bangladesh
Last price 80.7 BDT (At close: Oct 28, 2026) · Market cap 7.87B
Latest research: Matin Spinning Mills financial analysis: FY2026 EPS up 35% to BDT 6.36 on a wider yarn spread (Oct 2026) · Matin Spinning Mills: an 88,400-spindle DBL Group captive spinner whose FY2026 EPS rose 35% to BDT 6.36, with 81% of yarn sold to sister companies
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Financial statements
Matin Spinning Mills PLC (MATINSPINN) reported revenue of 8.77B 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 | 8.77B | 8.75B | 8.05B | 7.34B | 6.00B | 5.02B |
| Cost of Revenue | 7.41B | 7.44B | 7.19B | 6.42B | 4.39B | 3.92B |
| Gross Profit | 1.36B | 1.31B | 857.39M | 928.91M | 1.61B | 1.10B |
| Selling, General & Admin | 373.16M | 359.21M | 316.54M | 261.99M | 307.19M | 310.32M |
| Other Operating Expenses | 631.90K | 2.86M | 1.87M | 1.34M | ||
| Operating Expenses | 373.16M | 359.21M | 317.17M | 264.84M | 309.06M | 311.65M |
| Operating Income | 985.90M | 953.01M | 540.22M | 664.07M | 1.30B | 785.46M |
| Interest Expense | -381.08M | -388.87M | -282.24M | -171.35M | -43.88M | -42.15M |
| Interest & Investment Income | 5.00M | 4.38M | 3.98M | 5.94M | 2.60M | 1.60M |
| Currency Exchange Gain (Loss) | -27.48M | -63.67M | -69.15M | -86.07M | -91.43M | 11.80M |
| Other Non Operating Income (Expenses) | 83.68M | 80.99M | 103.12M | 101.94M | 73.40M | 61.75M |
| EBT Excluding Unusual Items | 666.02M | 585.84M | 295.93M | 514.52M | 1.24B | 818.45M |
| Gain (Loss) on Sale of Investments | -196.38K | -7.12M | -7.99M | -1.85M | 1.26M | 25.55M |
| Asset Writedown | -1.26M | |||||
| Pretax Income | 665.82M | 578.72M | 287.94M | 512.67M | 1.24B | 842.75M |
| Income Tax Expense | 238.72M | 120.75M | 89.01M | 85.53M | 193.07M | 227.35M |
| Net Income | 427.11M | 457.97M | 198.93M | 427.14M | 1.05B | 615.40M |
| Net Income to Common | 427.11M | 457.97M | 198.93M | 427.14M | 1.05B | 615.40M |
| Shares Outstanding (Basic) | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M |
| Shares Outstanding (Diluted) | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M |
| EPS (Basic) | 4.38 | 4.70 | 2.04 | 4.38 | 10.79 | 6.31 |
| EPS (Diluted) | 4.38 | 4.70 | 2.04 | 4.38 | 10.79 | 6.31 |
| Free Cash Flow | 481.38M | 858.67M | -1.35B | -251.34M | -704.07M | -283.91M |
| Free Cash Flow Per Share | 4.94 | 8.81 | -13.85 | -2.58 | -7.22 | -2.91 |
| Dividend Per Share | 3.50 | 3.50 | 5.00 | 4.00 | 5.00 | 4.00 |
| Gross Margin | 15.49% | 14.99% | 10.66% | 12.65% | 26.85% | 21.85% |
| Operating Margin | 11.24% | 10.89% | 6.71% | 9.04% | 21.70% | 15.64% |
| Profit Margin | 4.87% | 5.23% | 2.47% | 5.82% | 17.52% | 12.26% |
| Free Cash Flow Margin | 5.49% | 9.81% | -16.78% | -3.42% | -11.73% | -5.65% |
| EBITDA | 1.42B | 1.40B | 947.95M | 1.08B | 1.60B | 1.10B |
| EBITDA Margin | 16.22% | 15.94% | 11.78% | 14.70% | 26.70% | 21.90% |
| D&A For EBITDA | 436.61M | 442.34M | 407.73M | 415.71M | 299.62M | 313.94M |
| EBIT | 985.90M | 953.01M | 540.22M | 664.07M | 1.30B | 785.46M |
| EBIT Margin | 11.24% | 10.89% | 6.71% | 9.04% | 21.70% | 15.64% |
| Effective Tax Rate | 35.85% | 20.87% | 30.91% | 16.68% | 15.51% | 26.98% |
| Advertising Expenses | 29.23M | 27.65M | 24.87M | 24.17M | 15.37M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 448.35M | 331.52M | 188.79M | 330.09M | 453.94M | 331.27M |
| Cash & Short-Term Investments | 448.35M | 331.52M | 188.79M | 330.09M | 453.94M | 331.27M |
| Accounts Receivable | 2.17B | 1.93B | 2.41B | 1.43B | 1.25B | 1.39B |
| Other Receivables | 10.11M | 9.04M | 7.71M | 6.57M | 10.46M | 14.77M |
| Receivables | 2.18B | 1.94B | 2.42B | 1.44B | 1.26B | 1.40B |
| Inventory | 3.35B | 3.86B | 3.51B | 2.58B | 2.34B | 1.52B |
| Other Current Assets | 769.91M | 619.13M | 619.07M | 641.81M | 431.04M | 191.48M |
| Total Current Assets | 6.74B | 6.76B | 6.73B | 5.00B | 4.49B | 3.44B |
| Property, Plant & Equipment | 6.86B | 7.09B | 5.87B | 5.93B | 5.85B | 4.79B |
| Long-Term Investments | 55.45M | 53.60M | 58.50M | 65.49M | 54.82M | 53.56M |
| Other Long-Term Assets | -1.00 | -1.00 | -1.00 | |||
| Total Assets | 13.65B | 13.90B | 12.66B | 10.99B | 10.39B | 8.28B |
| Accounts Payable | 266.72M | 291.67M | 271.65M | 164.72M | 100.16M | 78.25M |
| Accrued Expenses | 205.34M | 111.31M | 70.40M | 85.42M | 140.81M | 97.58M |
| Short-Term Debt | 4.53B | 4.80B | 4.67B | 2.62B | 2.49B | 2.14B |
| Current Portion of Long-Term Debt | 237.41M | 358.08M | 407.77M | 456.02M | 1.05B | 205.14M |
| Current Portion of Leases | 4.65M | 4.65M | 5.64M | 2.80M | 3.50M | 2.72M |
| Current Income Taxes Payable | 561.11M | 433.60M | 430.48M | 463.06M | 434.26M | 241.43M |
| Other Current Liabilities | 3.64M | 51.97M | 36.89M | 24.50M | 2.77M | 9.91M |
| Total Current Liabilities | 5.81B | 6.05B | 5.89B | 3.82B | 4.22B | 2.77B |
| Long-Term Debt | 516.79M | 559.14M | 802.01M | 1.04B | ||
| Long-Term Leases | 8.49M | 10.77M | 11.79M | 2.40M | 5.90M | |
| Long-Term Deferred Tax Liabilities | 540.35M | 461.76M | 328.13M | 272.12M | 255.20M | 257.46M |
| Other Long-Term Liabilities | -1.00 | -1.00 | 1.00 | |||
| Total Liabilities | 6.88B | 7.08B | 7.04B | 5.14B | 4.48B | 3.04B |
| Common Stock | 974.90M | 974.90M | 974.90M | 974.90M | 974.90M | 974.90M |
| Additional Paid-In Capital | 920.70M | 920.70M | 920.70M | 920.70M | 920.70M | 920.70M |
| Retained Earnings | 2.35B | 2.34B | 2.32B | 2.49B | 2.53B | 1.85B |
| Comprehensive Income & Other | 2.54B | 2.58B | 1.41B | 1.46B | 1.48B | 1.50B |
| Shareholders' Equity | 6.78B | 6.81B | 5.62B | 5.85B | 5.91B | 5.25B |
| Total Liabilities & Equity | 13.65B | 13.90B | 12.66B | 10.99B | 10.39B | 8.28B |
| Total Debt | 5.30B | 5.73B | 5.90B | 4.13B | 3.55B | 2.35B |
| Net Cash (Debt) | -4.81B | -5.36B | -5.66B | -3.74B | -3.04B | -1.97B |
| Net Cash Per Share | -49.38 | -55.03 | -58.10 | -38.39 | -31.17 | -20.18 |
| Filing Date Shares Outstanding | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M |
| Total Common Shares Outstanding | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M | 97.49M |
| Working Capital | 930.90M | 704.80M | 839.92M | 1.18B | 265.63M | 670.96M |
| Book Value Per Share | 69.51 | 69.89 | 57.68 | 60.04 | 60.63 | 53.81 |
| Tangible Book Value | 6.78B | 6.81B | 5.62B | 5.85B | 5.91B | 5.25B |
| Tangible Book Value Per Share | 69.51 | 69.89 | 57.68 | 60.04 | 60.63 | 53.81 |
| Land | 2.44B | 1.37B | 1.37B | 1.37B | 1.36B | |
| Buildings | 1.93B | 1.64B | 1.51B | 1.27B | 1.26B | |
| Machinery | 7.07B | 6.79B | 6.40B | 5.04B | 4.85B | |
| Construction In Progress | 99.28M | 82.33M | 49.35M | 297.73M | 1.47B | 316.29M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 427.11M | 457.97M | 198.93M | 427.14M | 1.05B | 615.48M |
| Depreciation & Amortization | 440.35M | 446.09M | 410.54M | 418.37M | 302.27M | 313.94M |
| Asset Writedown & Restructuring Costs | 17.67M | |||||
| Loss (Gain) From Sale of Investments | -1.27M | -22.92M | ||||
| Other Operating Activities | -85.93M | -243.71M | -47.79M | -156.54M | -7.77M | -54.42M |
| Change in Accounts Receivable | 434.42K | 474.14M | -974.65M | -180.12M | 140.82M | |
| Change in Inventory | -426.79M | -355.55M | -924.93M | -234.27M | -831.47M | |
| Change in Accounts Payable | -16.27M | 61.81M | 114.71M | 66.61M | 44.78M | |
| Change in Other Net Operating Assets | 391.55M | 297.22M | 183.34M | 143.50M | -97.29M | -831.20M |
| Operating Cash Flow | 730.45M | 1.14B | -1.04B | 484.67M | 601.83M | 38.54M |
| Capital Expenditures | -249.07M | -279.29M | -310.36M | -736.01M | -1.31B | -322.45M |
| Sale of Property, Plant & Equipment | 13.67M | 192.39K | ||||
| Investment in Securities | 447.30K | 6.12M | -312.26K | -10.42M | 8.31K | -2.64M |
| Other Investing Activities | 1.31M | 1.83M | 1.84M | 4.89M | 2.02M | 872.23K |
| Investing Cash Flow | -247.31M | -271.35M | -295.16M | -741.54M | -1.30B | -324.02M |
| Short-Term Debt Issued | 6.60B | 6.59B | 5.20B | 4.25B | 3.50B | |
| Long-Term Debt Issued | 112.13M | 157.03M | 1.61B | 980.50M | 200.90M | |
| Total Debt Issued | 6.93B | 6.71B | 6.75B | 6.81B | 5.23B | 3.70B |
| Short-Term Debt Repaid | -6.55B | -4.74B | -5.08B | -3.90B | -2.68B | |
| Long-Term Debt Repaid | -404.69M | -449.95M | -1.17B | -131.23M | -471.89M | |
| Total Debt Repaid | -7.20B | -6.95B | -5.19B | -6.25B | -4.03B | -3.16B |
| Net Debt Issued (Repaid) | -275.34M | -242.93M | 1.56B | 558.89M | 1.20B | 548.31M |
| Common Dividends Paid | -341.01M | -487.79M | -389.13M | -486.84M | -392.30M | -175.14M |
| Other Financing Activities | -1.00 | 1.00 | -4.55M | 1.00 | ||
| Financing Cash Flow | -616.35M | -730.72M | 1.17B | 72.05M | 801.39M | 373.17M |
| Foreign Exchange Rate Adjustments | 4.08M | 6.84M | 25.46M | 62.48M | 23.33M | |
| Miscellaneous Cash Flow Adjustments | 1.00 | -1.00 | 1.00 | |||
| Net Cash Flow | -129.14M | 142.73M | -141.30M | -122.33M | 122.67M | 87.69M |
| Free Cash Flow | 481.38M | 858.67M | -1.35B | -251.34M | -704.07M | -283.91M |
| Free Cash Flow Margin | 5.49% | 9.81% | -16.78% | -3.42% | -11.73% | -5.65% |
| Free Cash Flow Per Share | 4.94 | 8.81 | -13.85 | -2.58 | -7.22 | -2.91 |
| Levered Free Cash Flow | 98.79M | 717.04M | -1.54B | -582.93M | -887.77M | -397.44M |
| Unlevered Free Cash Flow | 336.97M | 960.08M | -1.37B | -475.84M | -860.34M | -371.10M |
| Cash Interest Paid | 378.35M | 383.73M | 297.86M | 176.08M | 24.01M | 28.45M |
| Cash Income Tax Paid | 102.09M | 97.40M | 55.40M | 109.08M | 85.48M | |
| Change in Working Capital | -51.08M | 477.62M | -1.60B | -204.29M | -743.15M | -831.20M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.13B | 4.42B | 4.30B | 7.57B | 6.63B | 5.20B |
| Enterprise Value | 12.94B | 9.21B | 7.59B | 10.08B | 9.63B | 6.36B |
| Last Close Price | 83.40 | 42.04 | 37.35 | 62.33 | 51.10 | 37.69 |
| PE Ratio | 19.04 | 9.64 | 21.61 | 17.71 | 6.30 | 8.44 |
| Forward PE | 7.17 | 7.17 | 7.17 | 7.17 | 7.17 | |
| PS Ratio | 0.93 | 0.51 | 0.53 | 1.03 | 1.10 | 1.03 |
| PB Ratio | 1.20 | 0.65 | 0.77 | 1.29 | 1.12 | 0.99 |
| P/TBV Ratio | 1.20 | 0.65 | 0.77 | 1.29 | 1.12 | 0.99 |
| P/FCF Ratio | 16.89 | 5.14 | ||||
| P/OCF Ratio | 11.13 | 3.88 | 15.61 | 11.02 | 134.81 | |
| PEG Ratio | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | |
| EV/Sales Ratio | 1.48 | 1.05 | 0.94 | 1.37 | 1.60 | 1.27 |
| EV/EBITDA Ratio | 9.08 | 6.60 | 8.01 | 9.33 | 6.01 | 5.78 |
| EV/EBIT Ratio | 13.13 | 9.66 | 14.06 | 15.17 | 7.39 | 8.10 |
| EV/FCF Ratio | 26.89 | 10.73 | ||||
| Debt / Equity Ratio | 0.78 | 0.84 | 1.05 | 0.70 | 0.60 | 0.45 |
| Debt / EBITDA Ratio | 3.72 | 4.10 | 6.20 | 3.81 | 2.21 | 2.14 |
| Debt / FCF Ratio | 11.01 | 6.68 | ||||
| Net Debt / Equity Ratio | 0.71 | 0.79 | 1.01 | 0.64 | 0.51 | 0.38 |
| Net Debt / EBITDA Ratio | 3.38 | 3.85 | 5.97 | 3.47 | 1.90 | 1.79 |
| Net Debt / FCF Ratio | 10.00 | 6.25 | -4.20 | -14.89 | -4.32 | -6.93 |
| Asset Turnover | 0.68 | 0.66 | 0.68 | 0.69 | 0.64 | 0.65 |
| Inventory Turnover | 2.36 | 2.02 | 2.36 | 2.60 | 2.27 | 3.28 |
| Quick Ratio | 0.45 | 0.38 | 0.44 | 0.46 | 0.41 | 0.62 |
| Current Ratio | 1.16 | 1.12 | 1.14 | 1.31 | 1.06 | 1.24 |
| Return on Equity (ROE) | 6.96% | 7.36% | 3.47% | 7.26% | 18.85% | 12.25% |
| Return on Assets (ROA) | 4.76% | 4.49% | 2.86% | 3.88% | 8.72% | 6.38% |
| Return on Invested Capital (ROIC) | 5.36% | 6.40% | 3.56% | 5.93% | 13.53% | 8.43% |
| Return on Capital Employed (ROCE) | 12.60% | 12.10% | 8.00% | 9.30% | 21.10% | 14.30% |
| Earnings Yield | 5.25% | 10.37% | 4.63% | 5.65% | 15.87% | 11.84% |
| FCF Yield | 5.92% | 19.44% | -31.41% | -3.32% | -10.62% | -5.46% |
| Dividend Yield | 4.20% | 7.73% | 11.34% | 5.16% | 7.35% | 7.51% |
| Payout Ratio | 79.84% | 106.51% | 195.61% | 113.98% | 37.30% | 28.46% |
| Total Shareholder Return | 4.20% | 7.73% | 11.34% | 5.16% | 7.35% | 7.51% |