DSE : MIRAKHTER
Mir Akhter Hossain Limited — Financial statements
Heavy Construction Other Than Building Construction Contractors · Bangladesh
Last price 25 BDT (At close: Oct 29, 2026) · Market cap 3.02B
Latest research: Mir Akhter Hossain financial analysis: JV-funded growth, Tk 20.6bn debt and FY2026 EPS of -Tk 6.58 (Oct 2026) · Mir Akhter Hossain: a contractor earning mainly through joint ventures, with Tk 20.6bn of debt and an FY2026 loss
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Financial statements
Mir Akhter Hossain Limited (MIRAKHTER) reported revenue of 862.59M 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 | 862.59M | 1.30B | 2.63B | 3.12B | 2.95B | 3.24B |
| Cost of Revenue | 488.85M | 828.86M | 1.73B | 2.02B | 1.87B | 2.06B |
| Gross Profit | 373.74M | 468.86M | 899.59M | 1.10B | 1.08B | 1.18B |
| Selling, General & Admin | 141.59M | 159.98M | 245.79M | 265.70M | 228.07M | 210.98M |
| Other Operating Expenses | 49.71M | 49.71M | 78.42M | 171.79M | 231.27M | 251.76M |
| Operating Expenses | 191.30M | 209.69M | 324.21M | 437.48M | 459.33M | 462.74M |
| Operating Income | 182.44M | 259.17M | 575.38M | 666.73M | 623.48M | 721.30M |
| Interest Expense | -2.55B | -2.58B | -2.13B | -304.23M | -424.63M | |
| Interest & Investment Income | 229.00K | 229.00K | 2.41M | 22.36M | 19.92M | 16.38M |
| Earnings From Equity Investments | 157.69M | 184.67M | 224.92M | 275.22M | 274.88M | 367.88M |
| Currency Exchange Gain (Loss) | -3.07M | -3.07M | -8.81M | -21.19M | -11.09M | -534.87K |
| Other Non Operating Income (Expenses) | 2.46B | 2.46B | 1.85B | -318.93M | -766.58K | -897.69K |
| Pretax Income | 244.62M | 316.21M | 514.73M | 624.19M | 602.18M | 679.50M |
| Income Tax Expense | 78.31M | 108.80M | 214.31M | 224.13M | 248.38M | 220.06M |
| Earnings From Continuing Operations | 166.31M | 207.41M | 300.42M | 400.06M | 353.80M | 459.45M |
| Minority Interest in Earnings | 9.45K | 26.02K | ||||
| Net Income | 166.31M | 207.41M | 300.42M | 400.06M | 353.81M | 459.47M |
| Net Income to Common | 166.31M | 207.41M | 300.42M | 400.06M | 353.81M | 459.47M |
| Shares Outstanding (Basic) | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M | 109.23M |
| Shares Outstanding (Diluted) | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M | 109.23M |
| EPS (Basic) | 1.38 | 1.72 | 2.49 | 3.31 | 2.93 | 4.21 |
| EPS (Diluted) | 1.38 | 1.72 | 2.49 | 3.31 | 2.93 | 4.21 |
| Free Cash Flow | -7.83M | 638.93M | 944.87M | 1.06B | 749.93M | -500.93M |
| Free Cash Flow Per Share | -0.07 | 5.29 | 7.82 | 8.75 | 6.21 | -4.59 |
| Dividend Per Share | 1.05 | 1.05 | 1.00 | 1.25 | 1.25 | 1.25 |
| Gross Margin | 43.33% | 36.13% | 34.24% | 35.40% | 36.68% | 36.52% |
| Operating Margin | 21.15% | 19.97% | 21.90% | 21.37% | 21.12% | 22.25% |
| Profit Margin | 19.28% | 15.98% | 11.44% | 12.83% | 11.98% | 14.17% |
| Free Cash Flow Margin | -0.91% | 49.23% | 35.97% | 33.86% | 25.40% | -15.45% |
| EBITDA | 673.18M | 807.34M | 1.16B | 1.22B | 1.14B | 1.19B |
| EBITDA Margin | 78.04% | 62.21% | 44.34% | 38.99% | 38.45% | 36.72% |
| D&A For EBITDA | 490.74M | 548.17M | 589.33M | 549.49M | 511.79M | 469.29M |
| EBIT | 182.44M | 259.17M | 575.38M | 666.73M | 623.48M | 721.30M |
| EBIT Margin | 21.15% | 19.97% | 21.90% | 21.37% | 21.12% | 22.25% |
| Effective Tax Rate | 32.01% | 34.41% | 41.64% | 35.91% | 41.25% | 32.39% |
| Advertising Expenses | 268.20K | 531.66K | 517.93K | 437.72K | 160.14K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 222.35M | 229.89M | 133.26M | 447.05M | 1.11B | 1.59B |
| Short-Term Investments | 18.56M | 18.60M | 22.32M | 26.43M | ||
| Cash & Short-Term Investments | 240.90M | 248.50M | 155.58M | 473.48M | 1.11B | 1.59B |
| Other Receivables | 1.50M | 887.05K | 1.48M | 3.31M | ||
| Receivables | 1.50M | 887.05K | 1.48M | 3.31M | ||
| Inventory | 3.41B | 3.98B | 3.93B | 4.02B | 4.30B | 4.25B |
| Other Current Assets | 993.23M | 1.19B | 964.42M | 1.46B | 1.55B | 1.83B |
| Total Current Assets | 4.64B | 5.42B | 5.05B | 5.96B | 6.96B | 7.67B |
| Property, Plant & Equipment | 3.72B | 4.02B | 4.40B | 4.32B | 4.23B | 4.08B |
| Long-Term Investments | 19.06B | 17.08B | 15.13B | 12.82B | 12.53B | 10.40B |
| Other Long-Term Assets | 630.39M | 628.19M | 648.19M | 596.33M | 567.33M | 567.83M |
| Total Assets | 28.05B | 27.14B | 25.24B | 23.70B | 24.29B | 22.72B |
| Accrued Expenses | 184.95M | 220.98M | 57.28M | 63.66M | 77.28M | 55.28M |
| Current Portion of Long-Term Debt | 4.20B | 4.36B | 3.38B | 3.69B | 4.78B | 4.87B |
| Other Current Liabilities | 32.80M | 93.26M | 35.44M | 175.21M | 88.77M | 101.93M |
| Total Current Liabilities | 4.42B | 4.67B | 3.48B | 3.93B | 4.95B | 5.03B |
| Long-Term Debt | 17.39B | 16.25B | 15.60B | 13.75B | 13.58B | 12.13B |
| Long-Term Deferred Tax Liabilities | 3.33M | 3.33M | 3.33M | 3.33M | 3.33M | 3.33M |
| Other Long-Term Liabilities | -1.00 | |||||
| Total Liabilities | 21.82B | 20.92B | 19.08B | 17.68B | 18.53B | 17.17B |
| Common Stock | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| Additional Paid-In Capital | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B | 1.04B |
| Retained Earnings | 3.89B | 3.88B | 3.81B | 3.66B | 3.40B | 3.20B |
| Comprehensive Income & Other | 96.42M | 95.34M | 99.05M | 105.06M | 107.54M | 107.54M |
| Total Common Equity | 6.24B | 6.22B | 6.16B | 6.01B | 5.76B | 5.56B |
| Minority Interest | 113.39K | 119.76K | 143.69K | 171.10K | 164.54K | 173.98K |
| Shareholders' Equity | 6.24B | 6.22B | 6.16B | 6.02B | 5.76B | 5.56B |
| Total Liabilities & Equity | 28.05B | 27.14B | 25.24B | 23.70B | 24.29B | 22.72B |
| Total Debt | 21.60B | 20.61B | 18.98B | 17.44B | 18.36B | 17.00B |
| Net Cash (Debt) | -21.36B | -20.36B | -18.82B | -16.97B | -17.25B | -15.41B |
| Net Cash Per Share | -176.84 | -168.56 | -155.87 | -140.47 | -142.83 | -141.08 |
| Filing Date Shares Outstanding | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M |
| Total Common Shares Outstanding | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M | 120.77M |
| Working Capital | 220.16M | 748.04M | 1.58B | 2.03B | 2.02B | 2.64B |
| Book Value Per Share | 51.63 | 51.51 | 50.99 | 49.80 | 47.68 | 46.00 |
| Tangible Book Value | 6.24B | 6.22B | 6.16B | 6.01B | 5.76B | 5.56B |
| Tangible Book Value Per Share | 51.63 | 51.51 | 50.99 | 49.80 | 47.68 | 46.00 |
| Land | 482.07M | 482.07M | 550.37M | 550.37M | 457.33M | |
| Buildings | 143.30M | 143.30M | ||||
| Machinery | 3.09B | 3.07B | 3.04B | 2.61B | 1.97B | |
| Construction In Progress | 166.73M | 166.73M | 166.73M | 166.73M | 136.58M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 166.31M | 207.41M | 300.42M | 400.06M | 353.81M | 459.47M |
| Depreciation & Amortization | 490.74M | 548.17M | 589.33M | 549.49M | 511.79M | 469.29M |
| Loss (Gain) on Equity Investments | 184.67M | 184.67M | 224.92M | 274.88M | 367.88M | |
| Other Operating Activities | -660.66M | -56.50M | 62.93M | 747.72M | 39.04M | 56.37M |
| Change in Accounts Receivable | -887.05K | -887.05K | -1.48M | |||
| Change in Inventory | -45.53M | -45.53M | 84.90M | -47.81M | -726.87M | |
| Change in Accounts Payable | 6.74M | 6.74M | 5.32M | |||
| Change in Other Net Operating Assets | -37.29M | -37.29M | 344.05M | 286.23M | -422.58M | |
| Operating Cash Flow | 104.09M | 806.79M | 1.61B | 1.70B | 1.42B | 203.57M |
| Capital Expenditures | -111.91M | -167.87M | -665.51M | -641.01M | -667.99M | -704.50M |
| Investment in Securities | -1.61B | -1.94B | -2.32B | -318.64M | -2.12B | -88.03M |
| Other Investing Activities | 17.80M | 20.16M | -52.02M | 11.09M | 499.05K | -39.90M |
| Investing Cash Flow | -1.70B | -2.09B | -3.04B | -948.56M | -2.79B | -832.44M |
| Short-Term Debt Issued | 600.00K | 7.09M | ||||
| Long-Term Debt Issued | 1.95B | 1.54B | 918.06M | 1.36B | 922.25M | |
| Total Debt Issued | 1.89B | 1.95B | 1.55B | 918.06M | 1.36B | 922.25M |
| Long-Term Debt Repaid | -319.62M | -1.84B | ||||
| Net Debt Issued (Repaid) | 1.71B | 1.63B | 1.55B | -922.44M | 1.36B | 922.25M |
| Issuance of Common Stock | 1.25B | |||||
| Common Dividends Paid | -50.08M | -119.01M | -150.32M | -150.57M | -150.27M | |
| Other Financing Activities | -93.45M | -125.58M | -287.70M | -339.93M | -315.92M | -425.73M |
| Financing Cash Flow | 1.57B | 1.38B | 1.11B | -1.41B | 890.12M | 1.75B |
| Foreign Exchange Rate Adjustments | 5.15K | |||||
| Miscellaneous Cash Flow Adjustments | -2.00 | 1.00 | -1.00 | |||
| Net Cash Flow | -30.30M | 96.64M | -313.79M | -664.25M | -483.29M | 1.12B |
| Free Cash Flow | -7.83M | 638.93M | 944.87M | 1.06B | 749.93M | -500.93M |
| Free Cash Flow Margin | -0.91% | 49.23% | 35.97% | 33.86% | 25.40% | -15.45% |
| Free Cash Flow Per Share | -0.07 | 5.29 | 7.82 | 8.75 | 6.21 | -4.59 |
| Levered Free Cash Flow | -707.38M | -1.12B | -606.95M | 763.25M | 280.35M | -1.20B |
| Unlevered Free Cash Flow | 887.44M | 490.96M | 724.10M | 763.25M | 470.50M | -935.49M |
| Cash Interest Paid | 95.45M | 127.58M | 287.70M | 339.93M | 315.92M | 425.93M |
| Cash Income Tax Paid | 77.45M | 108.20M | 214.16M | 214.16M | 250.38M | 221.70M |
| Change in Working Capital | -76.96M | -76.96M | 432.78M | 238.41M | -1.15B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.02B | 3.18B | 4.52B | 6.50B | 6.53B | 9.92B |
| Enterprise Value | 24.38B | 23.31B | 24.64B | 24.99B | 24.88B | 27.30B |
| Last Close Price | 25.00 | 25.16 | 34.74 | 48.75 | 47.81 | 71.19 |
| PE Ratio | 18.16 | 15.31 | 15.04 | 16.24 | 18.47 | 21.58 |
| PS Ratio | 3.50 | 2.45 | 1.72 | 2.08 | 2.21 | 3.06 |
| PB Ratio | 0.48 | 0.51 | 0.73 | 1.08 | 1.14 | 1.78 |
| P/TBV Ratio | 0.48 | 0.51 | 0.73 | 1.08 | 1.14 | 1.78 |
| P/FCF Ratio | 4.97 | 4.78 | 6.15 | 8.71 | ||
| P/OCF Ratio | 29.01 | 3.94 | 2.81 | 3.83 | 4.61 | 48.71 |
| EV/Sales Ratio | 28.26 | 17.96 | 9.38 | 8.01 | 8.43 | 8.42 |
| EV/EBITDA Ratio | 29.34 | 28.87 | 21.16 | 20.55 | 21.92 | 22.93 |
| EV/EBIT Ratio | 71.67 | 89.93 | 42.82 | 37.48 | 39.91 | 37.85 |
| EV/FCF Ratio | 36.48 | 26.08 | 23.66 | 33.18 | ||
| Debt / Equity Ratio | 3.46 | 3.31 | 3.08 | 2.90 | 3.19 | 3.06 |
| Debt / EBITDA Ratio | 32.08 | 25.52 | 16.30 | 14.34 | 16.17 | 14.28 |
| Debt / FCF Ratio | 32.25 | 20.09 | 16.51 | 24.48 | ||
| Net Debt / Equity Ratio | 3.42 | 3.27 | 3.06 | 2.82 | 3.00 | 2.77 |
| Net Debt / EBITDA Ratio | 31.73 | 25.22 | 16.16 | 13.95 | 15.19 | 12.94 |
| Net Debt / FCF Ratio | -2,728.86 | 31.86 | 19.92 | 16.06 | 23.00 | -30.76 |
| Asset Turnover | 0.03 | 0.05 | 0.11 | 0.13 | 0.13 | 0.15 |
| Inventory Turnover | 0.14 | 0.21 | 0.43 | 0.48 | 0.44 | 0.53 |
| Quick Ratio | 0.06 | 0.05 | 0.04 | 0.12 | 0.23 | 0.32 |
| Current Ratio | 1.05 | 1.16 | 1.45 | 1.52 | 1.41 | 1.52 |
| Return on Equity (ROE) | 2.68% | 3.35% | 4.94% | 6.80% | 6.25% | 9.77% |
| Return on Assets (ROA) | 0.42% | 0.62% | 1.47% | 1.74% | 1.66% | 2.09% |
| Return on Invested Capital (ROIC) | 0.46% | 0.66% | 1.40% | 1.86% | 1.67% | 2.41% |
| Return on Capital Employed (ROCE) | 0.80% | 1.20% | 2.60% | 3.40% | 3.20% | 4.10% |
| Earnings Yield | 5.51% | 6.53% | 6.65% | 6.16% | 5.42% | 4.63% |
| FCF Yield | -0.26% | 20.11% | 20.92% | 16.26% | 11.48% | -5.05% |
| Dividend Yield | 4.20% | 3.99% | 2.67% | 2.32% | 2.31% | 1.52% |
| Payout Ratio | 30.11% | 57.38% | 50.04% | 37.64% | 42.47% | |
| Buyback Yield / Dilution | -10.56% | |||||
| Total Shareholder Return | 4.20% | 3.99% | 2.67% | 2.32% | -8.25% | 1.52% |