DSE : MJLBD
MJL Bangladesh PLC — Financial statements
Miscellaneous Retail · Bangladesh
Last price 90.8 BDT (At close: Oct 29, 2026) · Market cap 28.76B
Latest research: MJL Bangladesh valuation report: fair value BDT 72–87.1 (Oct 2026) · MJL Bangladesh: Mobil lubricants and tankers carry the value, LPG earns 0.6% on equity; fair value range BDT 72–87
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Financial statements
MJL Bangladesh PLC (MJLBD) reported revenue of 39.33B 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 | 39.33B | 41.79B | 36.26B | 30.72B | 24.27B | 20.37B |
| Cost of Revenue | 33.42B | 35.01B | 29.40B | 24.27B | 19.96B | 16.29B |
| Gross Profit | 5.91B | 6.79B | 6.86B | 6.44B | 4.31B | 4.08B |
| Selling, General & Admin | 1.20B | 1.16B | 1.07B | 884.50M | 812.76M | 923.67M |
| Amortization of Goodwill & Intangibles | 2.06M | 1.68M | 1.41M | |||
| Other Operating Expenses | 7.93M | 8.92M | 9.26M | -59.88M | -111.09M | -396.90M |
| Operating Expenses | 1.41B | 1.34B | 1.25B | 1.02B | 908.19M | 638.34M |
| Operating Income | 4.50B | 5.45B | 5.61B | 5.43B | 3.40B | 3.44B |
| Interest Expense | -2.34B | -1.92B | -1.43B | -808.18M | -298.85M | -334.63M |
| Interest & Investment Income | 174.96M | 208.66M | 202.76M | 127.09M | 117.57M | 135.25M |
| Earnings From Equity Investments | -4.13M | 7.41M | -7.34M | 53.45M | -30.25M | 22.18M |
| Currency Exchange Gain (Loss) | -104.75M | -583.70M | -1.12B | -1.59B | -1.00B | 40.11M |
| Other Non Operating Income (Expenses) | 42.47M | 39.87M | 22.16M | -29.73M | -15.75M | -24.05M |
| EBT Excluding Unusual Items | 2.26B | 3.20B | 3.27B | 3.18B | 2.17B | 3.28B |
| Gain (Loss) on Sale of Investments | 291.07M | 81.53M | -36.39M | -5.91M | -22.10M | 23.33M |
| Gain (Loss) on Sale of Assets | 1.65B | 1.65B | 3.32M | 2.76M | 2.47M | -16.12M |
| Pretax Income | 4.20B | 4.93B | 3.24B | 3.18B | 2.15B | 3.29B |
| Income Tax Expense | 1.41B | 1.32B | 475.02M | 409.89M | 267.03M | 791.71M |
| Earnings From Continuing Operations | 2.79B | 3.61B | 2.77B | 2.77B | 1.88B | 2.50B |
| Minority Interest in Earnings | 115.09M | -11.32M | -7.24M | |||
| Net Income | 2.91B | 3.60B | 2.76B | 2.77B | 1.88B | 2.50B |
| Net Income to Common | 2.91B | 3.60B | 2.76B | 2.77B | 1.88B | 2.50B |
| Shares Outstanding (Basic) | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M |
| Shares Outstanding (Diluted) | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M |
| EPS (Basic) | 9.18 | 11.36 | 8.71 | 8.74 | 5.94 | 7.88 |
| EPS (Diluted) | 9.18 | 11.36 | 8.71 | 8.74 | 5.94 | 7.88 |
| Free Cash Flow | -7.45B | -6.25B | -27.28M | -687.83M | -48.88M | 1.27B |
| Free Cash Flow Per Share | -23.51 | -19.73 | -0.09 | -2.17 | -0.15 | 4.02 |
| Dividend Per Share | 5.20 | 5.20 | 5.20 | 5.00 | 5.00 | 5.50 |
| Gross Margin | 15.02% | 16.24% | 18.93% | 20.98% | 17.75% | 20.04% |
| Operating Margin | 11.43% | 13.03% | 15.48% | 17.67% | 14.01% | 16.90% |
| Profit Margin | 7.39% | 8.61% | 7.61% | 9.01% | 7.76% | 12.26% |
| Free Cash Flow Margin | -18.93% | -14.95% | -0.07% | -2.24% | -0.20% | 6.26% |
| EBITDA | 6.07B | 6.87B | 6.82B | 6.55B | 4.53B | 5.21B |
| EBITDA Margin | 15.42% | 16.43% | 18.81% | 21.31% | 18.65% | 25.56% |
| D&A For EBITDA | 1.57B | 1.42B | 1.21B | 1.12B | 1.13B | 1.76B |
| EBIT | 4.50B | 5.45B | 5.61B | 5.43B | 3.40B | 3.44B |
| EBIT Margin | 11.43% | 13.03% | 15.48% | 17.67% | 14.01% | 16.90% |
| Effective Tax Rate | 33.56% | 26.81% | 14.66% | 12.89% | 12.42% | 24.07% |
| Revenue as Reported | 39.33B | 41.79B | 36.26B | 30.72B | 24.27B | 20.37B |
| Advertising Expenses | 124.65M | 175.10M | 129.04M | 88.83M | 42.92M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 240.89M | 336.73M | 304.42M | 647.69M | 206.82M | 252.94M |
| Short-Term Investments | 1.46B | 1.28B | 1.06B | 365.61M | 167.99M | 572.16M |
| Cash & Short-Term Investments | 1.70B | 1.62B | 1.36B | 1.01B | 374.81M | 825.10M |
| Accounts Receivable | 1.55B | 1.26B | 1.17B | 1.06B | 965.31M | 573.19M |
| Other Receivables | 1.91B | 2.02B | 2.96B | 2.94B | 1.86B | 2.15B |
| Receivables | 3.46B | 3.28B | 4.13B | 4.00B | 2.83B | 2.72B |
| Inventory | 4.04B | 4.34B | 3.58B | 4.26B | 3.10B | 2.67B |
| Prepaid Expenses | 373.00M | 147.47M | 147.08M | 61.47M | 50.57M | 65.03M |
| Other Current Assets | 8.87B | 6.34B | 6.54B | 5.61B | 7.10B | 6.73B |
| Total Current Assets | 18.43B | 15.73B | 15.77B | 14.94B | 13.45B | 13.01B |
| Property, Plant & Equipment | 44.02B | 31.66B | 25.11B | 21.73B | 21.58B | 20.25B |
| Long-Term Investments | 270.44M | 291.95M | 291.20M | 293.96M | 247.54M | 229.72M |
| Other Intangible Assets | 41.31M | 46.07M | 54.79M | 58.34M | 64.88M | 2.90M |
| Other Long-Term Assets | 194.14M | 197.42M | 180.02M | 167.25M | 170.55M | 151.53M |
| Total Assets | 63.50B | 47.92B | 41.40B | 37.20B | 35.51B | 33.64B |
| Accounts Payable | 3.53B | 1.24B | 1.54B | 1.73B | 1.90B | 1.52B |
| Accrued Expenses | 722.07M | 622.38M | 1.10B | 846.37M | 402.69M | |
| Short-Term Debt | 21.20B | 19.41B | 15.63B | 12.68B | 8.29B | 6.19B |
| Current Portion of Long-Term Debt | 457.70M | 275.00M | 648.12M | 902.14M | 764.55M | |
| Current Portion of Leases | 24.76M | 16.28M | 16.13M | 12.95M | 11.67M | 10.14M |
| Current Income Taxes Payable | 5.88B | 3.88B | 4.18B | 3.71B | 5.91B | 5.25B |
| Current Unearned Revenue | 150.83M | 133.56M | 204.67M | 254.56M | 253.40M | |
| Other Current Liabilities | 304.53M | 309.03M | 437.96M | 230.44M | 207.76M | 758.01M |
| Total Current Liabilities | 32.26B | 25.61B | 23.38B | 20.11B | 17.88B | 14.50B |
| Long-Term Debt | 9.90B | 2.23B | 270.05M | 838.50M | 1.49B | |
| Long-Term Leases | 157.09M | 150.45M | 153.34M | 170.06M | 177.35M | 182.99M |
| Long-Term Unearned Revenue | 959.71M | 76.25M | 169.28M | 69.73M | 1.09B | 1.69B |
| Long-Term Deferred Tax Liabilities | 895.42M | 659.91M | 428.79M | 507.20M | 637.73M | 1.03B |
| Other Long-Term Liabilities | 1.00 | 1.00 | ||||
| Total Liabilities | 44.18B | 28.73B | 24.14B | 21.13B | 20.62B | 18.89B |
| Common Stock | 3.17B | 3.17B | 3.17B | 3.17B | 3.17B | 3.17B |
| Additional Paid-In Capital | 4.07B | 4.07B | 4.07B | 4.07B | 4.07B | 4.07B |
| Retained Earnings | 10.11B | 9.88B | 7.97B | 6.78B | 5.61B | 5.33B |
| Total Common Equity | 17.35B | 17.13B | 15.21B | 14.02B | 12.85B | 12.57B |
| Minority Interest | 1.98B | 2.07B | 2.05B | 2.05B | 2.04B | 2.17B |
| Shareholders' Equity | 19.33B | 19.19B | 17.27B | 16.07B | 14.89B | 14.75B |
| Total Liabilities & Equity | 63.50B | 47.92B | 41.40B | 37.20B | 35.51B | 33.64B |
| Total Debt | 31.74B | 21.81B | 16.07B | 13.78B | 10.22B | 8.64B |
| Net Cash (Debt) | -30.04B | -20.19B | -14.71B | -12.76B | -9.85B | -7.81B |
| Net Cash Per Share | -94.83 | -63.75 | -46.44 | -40.30 | -31.09 | -24.66 |
| Filing Date Shares Outstanding | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M |
| Total Common Shares Outstanding | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M | 316.75M |
| Working Capital | -13.82B | -9.89B | -7.62B | -5.16B | -4.43B | -1.49B |
| Book Value Per Share | 54.78 | 54.06 | 48.03 | 44.27 | 40.56 | 39.69 |
| Tangible Book Value | 16.77B | 17.08B | 15.16B | 13.97B | 12.78B | 12.57B |
| Tangible Book Value Per Share | 52.94 | 53.92 | 47.86 | 44.09 | 40.36 | 39.68 |
| Land | 8.60B | 5.84B | 5.80B | 5.71B | 5.55B | 4.27B |
| Buildings | 1.90B | 1.80B | 1.53B | 1.53B | 1.50B | 1.50B |
| Machinery | 36.12B | 30.16B | 23.64B | 21.90B | 20.92B | 19.79B |
| Construction In Progress | 11.30B | 3.38B | 3.10B | 325.97M | 241.38M | 335.16M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.91B | 3.60B | 2.76B | 2.77B | 1.88B | 2.50B |
| Depreciation & Amortization | 1.88B | 1.45B | 1.23B | 1.14B | 1.15B | 1.78B |
| Other Amortization | 11.34M | 9.83M | 9.70M | 8.31M | 4.94M | 640.26K |
| Loss (Gain) From Sale of Assets | -1.68B | -1.65B | -3.32M | -3.74M | -11.46M | -292.91M |
| Loss (Gain) From Sale of Investments | 8.81M | 8.30M | ||||
| Loss (Gain) on Equity Investments | -14.75M | 35.00M | -30.05M | 12.48M | ||
| Other Operating Activities | 640.96M | 850.63M | 650.12M | 662.97M | -834.49M | -354.82M |
| Change in Accounts Receivable | 1.16B | 842.36M | -156.71M | -1.46B | -272.69M | 94.16M |
| Change in Inventory | 998.04M | -763.80M | 684.16M | -1.16B | -429.84M | -423.25M |
| Change in Accounts Payable | 2.57B | -614.31M | -49.33M | -98.94M | 392.68M | 153.64M |
| Change in Unearned Revenue | 1.00 | -606.87M | -1.02B | -605.74M | -538.92M | |
| Change in Other Net Operating Assets | -815.48M | -990.02M | 133.30M | -211.23M | 162.70M | -303.08M |
| Operating Cash Flow | 7.67B | 2.74B | 4.69B | 596.30M | 1.45B | 2.61B |
| Capital Expenditures | -15.11B | -8.99B | -4.71B | -1.28B | -1.50B | -1.33B |
| Sale of Property, Plant & Equipment | 2.71B | 2.70B | 3.94M | 6.53M | 16.58M | 696.05M |
| Cash Acquisitions | -11.40M | -43.25M | ||||
| Sale (Purchase) of Real Estate | -195.52M | -192.30M | -69.26M | -8.89M | -43.84M | -242.34M |
| Investment in Securities | -2.24B | -145.50M | -720.02M | -203.53M | 382.06M | -430.23M |
| Other Investing Activities | 151.57M | 134.42M | 349.21M | 127.87M | 228.68M | 745.92M |
| Investing Cash Flow | -14.70B | -6.50B | -5.15B | -1.36B | -959.07M | -565.40M |
| Short-Term Debt Issued | 3.53B | 2.36B | 3.62B | 1.72B | 11.72M | |
| Long-Term Debt Issued | 1.96B | 545.46M | ||||
| Total Debt Issued | 9.72B | 5.49B | 2.36B | 3.62B | 1.72B | 557.18M |
| Short-Term Debt Repaid | -294.67M | |||||
| Long-Term Debt Repaid | -28.81M | -659.93M | -838.93M | -466.98M | -7.93M | |
| Lease Payments | -16.46M | -14.68M | ||||
| Total Debt Repaid | -1.78B | -28.81M | -659.93M | -838.93M | -466.98M | -302.59M |
| Net Debt Issued (Repaid) | 7.94B | 5.46B | 1.70B | 2.78B | 1.25B | 254.58M |
| Common Dividends Paid | -1.64B | -1.67B | -1.59B | -1.58B | -1.78B | -1.42B |
| Other Financing Activities | -1.00 | -10.29M | ||||
| Financing Cash Flow | 6.29B | 3.79B | 115.38M | 1.20B | -537.79M | -1.17B |
| Foreign Exchange Rate Adjustments | 2.19M | -161.65K | 4.76M | 8.89M | 315.17K | 28.43M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -737.37M | 32.31M | -343.27M | 440.87M | -46.12M | 906.47M |
| Free Cash Flow | -7.45B | -6.25B | -27.28M | -687.83M | -48.88M | 1.27B |
| Free Cash Flow Margin | -18.93% | -14.95% | -0.07% | -2.24% | -0.20% | 6.26% |
| Free Cash Flow Per Share | -23.51 | -19.73 | -0.09 | -2.17 | -0.15 | 4.02 |
| Levered Free Cash Flow | -7.71B | -6.31B | -636.52M | -5.46M | 1.84B | 1.55B |
| Unlevered Free Cash Flow | -6.24B | -5.11B | 258.44M | 499.66M | 2.03B | 1.75B |
| Free Cash Flow After Leases | -7.45B | -6.25B | -27.28M | -704.29M | -63.56M | 1.27B |
| Cash Interest Paid | 2.36B | 2.45B | 1.79B | 1.39B | 749.54M | 362.17M |
| Cash Income Tax Paid | 1.83B | 1.20B | 812.90M | 830.63M | 1.33B | 961.00M |
| Change in Working Capital | 3.92B | -1.53B | 4.55M | -3.95B | -752.89M | -1.02B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.76B | 29.71B | 24.58B | 27.46B | 29.05B | 26.35B |
| Enterprise Value | 60.77B | 50.66B | 41.39B | 41.39B | 40.58B | 37.13B |
| Last Close Price | 90.80 | 88.35 | 69.24 | 72.94 | 72.84 | 62.30 |
| PE Ratio | 9.89 | 8.26 | 8.91 | 9.92 | 15.43 | 10.55 |
| Forward PE | 10.44 | 7.59 | 17.84 | 17.84 | 17.84 | 17.84 |
| PS Ratio | 0.73 | 0.71 | 0.68 | 0.89 | 1.20 | 1.29 |
| PB Ratio | 1.49 | 1.55 | 1.42 | 1.71 | 1.95 | 1.79 |
| P/TBV Ratio | 1.72 | 1.74 | 1.62 | 1.97 | 2.27 | 2.10 |
| P/FCF Ratio | 20.68 | |||||
| P/OCF Ratio | 3.75 | 10.82 | 5.25 | 46.05 | 20.03 | 10.10 |
| PEG Ratio | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | |
| EV/Sales Ratio | 1.55 | 1.21 | 1.14 | 1.35 | 1.67 | 1.82 |
| EV/EBITDA Ratio | 9.58 | 7.38 | 6.07 | 6.32 | 8.96 | 7.13 |
| EV/EBIT Ratio | 13.53 | 9.30 | 7.37 | 7.62 | 11.94 | 10.79 |
| EV/FCF Ratio | 29.14 | |||||
| Debt / Equity Ratio | 1.64 | 1.14 | 0.93 | 0.86 | 0.69 | 0.59 |
| Debt / EBITDA Ratio | 5.00 | 3.16 | 2.35 | 2.10 | 2.25 | 1.65 |
| Debt / FCF Ratio | 6.78 | |||||
| Net Debt / Equity Ratio | 1.55 | 1.05 | 0.85 | 0.79 | 0.66 | 0.53 |
| Net Debt / EBITDA Ratio | 4.95 | 2.94 | 2.16 | 1.95 | 2.17 | 1.50 |
| Net Debt / FCF Ratio | -4.03 | -3.23 | -539.14 | -18.56 | -201.45 | 6.13 |
| Asset Turnover | 0.71 | 0.94 | 0.92 | 0.84 | 0.70 | 0.62 |
| Inventory Turnover | 7.38 | 8.84 | 7.50 | 6.59 | 6.91 | 6.62 |
| Quick Ratio | 0.16 | 0.19 | 0.23 | 0.25 | 0.18 | 0.24 |
| Current Ratio | 0.57 | 0.61 | 0.67 | 0.74 | 0.75 | 0.90 |
| Return on Equity (ROE) | 14.89% | 19.80% | 16.60% | 17.89% | 12.71% | 17.57% |
| Return on Assets (ROA) | 5.10% | 7.62% | 8.93% | 9.33% | 6.15% | 6.59% |
| Return on Invested Capital (ROIC) | 6.64% | 11.17% | 15.75% | 17.65% | 12.59% | 11.63% |
| Return on Capital Employed (ROCE) | 14.40% | 24.40% | 31.10% | 31.80% | 19.30% | 18.00% |
| Earnings Yield | 10.11% | 12.11% | 11.22% | 10.08% | 6.48% | 9.48% |
| FCF Yield | -25.89% | -21.03% | -0.11% | -2.50% | -0.17% | 4.84% |
| Dividend Yield | 5.73% | 5.54% | 6.70% | 5.77% | 5.45% | 6.61% |
| Payout Ratio | 56.55% | 46.45% | 57.45% | 57.22% | 94.30% | 56.88% |
| Total Shareholder Return | 5.73% | 5.54% | 6.70% | 5.77% | 5.45% | 6.61% |