DSE : MONNOCERA
Monno Ceramic Industries Limited — Financial statements
Pottery And Related Products · Bangladesh
Last price 70.4 BDT (At close: Oct 29, 2026) · Market cap 2.66B
Latest research: Monno Ceramic financial analysis: gas cut, finance cost 2.5x operating profit, qualified audit (Oct 2026) · Monno Ceramic Industries: a porcelain tableware maker that has run without pipeline gas since June 2023; FY2025 finance cost of BDT 147m was 2.5x operating profit, and profit came from a share sale and scrap sales
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Financial statements
Monno Ceramic Industries Limited (MONNOCERA) reported revenue of 362.96M 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 | 362.96M | 348.84M | 302.73M | 612.91M | 904.13M | 706.77M |
| Cost of Revenue | 254.83M | 265.34M | 257.65M | 522.41M | 727.01M | 575.64M |
| Gross Profit | 108.13M | 83.50M | 45.08M | 90.50M | 177.12M | 131.13M |
| Selling, General & Admin | 27.52M | 26.81M | 28.77M | 61.42M | 62.77M | 51.21M |
| Operating Expenses | 27.52M | 26.81M | 28.77M | 61.42M | 62.77M | 51.21M |
| Operating Income | 80.61M | 56.68M | 16.31M | 29.08M | 114.35M | 79.92M |
| Interest Expense | -168.28M | -146.20M | -96.29M | -83.63M | -57.58M | -68.26M |
| Interest & Investment Income | 4.44K | 4.16K | 1.13M | 2.94K | 2.35K | 3.85K |
| Currency Exchange Gain (Loss) | 43.25K | -1.43M | -2.65M | -678.29K | ||
| Other Non Operating Income (Expenses) | 61.23M | 47.39M | 80.18M | 11.71M | 13.90M | -830.72K |
| EBT Excluding Unusual Items | -26.44M | -42.12M | 1.37M | -44.27M | 68.01M | 10.15M |
| Gain (Loss) on Sale of Investments | 46.13K | 70.69M | ||||
| Gain (Loss) on Sale of Assets | 198.10M | |||||
| Pretax Income | -26.40M | 28.56M | 1.37M | 153.83M | 68.01M | 10.15M |
| Income Tax Expense | 2.81M | 20.45M | -13.27M | 44.16M | 29.08M | -23.76M |
| Net Income | -29.21M | 8.12M | 14.65M | 109.67M | 38.93M | 33.91M |
| Net Income to Common | -29.21M | 8.12M | 14.65M | 109.67M | 38.93M | 33.91M |
| Shares Outstanding (Basic) | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M |
| Shares Outstanding (Diluted) | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M |
| EPS (Basic) | -0.77 | 0.22 | 0.39 | 2.91 | 1.03 | 0.90 |
| EPS (Diluted) | -0.77 | 0.22 | 0.39 | 2.91 | 1.03 | 0.90 |
| Free Cash Flow | -489.06M | -583.44M | -105.24M | -348.55M | -404.23M | -71.58M |
| Free Cash Flow Per Share | -12.96 | -15.47 | -2.79 | -9.24 | -10.71 | -1.90 |
| Dividend Per Share | 0.20 | 0.20 | 0.10 | 1.00 | 1.00 | 1.00 |
| Gross Margin | 29.79% | 23.94% | 14.89% | 14.77% | 19.59% | 18.55% |
| Operating Margin | 22.21% | 16.25% | 5.39% | 4.75% | 12.65% | 11.31% |
| Profit Margin | -8.05% | 2.33% | 4.84% | 17.89% | 4.30% | 4.80% |
| Free Cash Flow Margin | -134.74% | -167.25% | -34.77% | -56.87% | -44.71% | -10.13% |
| EBITDA | 158.27M | 126.71M | 78.22M | 91.96M | 164.96M | 127.05M |
| EBITDA Margin | 43.61% | 36.32% | 25.84% | 15.00% | 18.25% | 17.98% |
| D&A For EBITDA | 77.66M | 70.02M | 61.91M | 62.88M | 50.61M | 47.13M |
| EBIT | 80.61M | 56.68M | 16.31M | 29.08M | 114.35M | 79.92M |
| EBIT Margin | 22.21% | 16.25% | 5.39% | 4.75% | 12.65% | 11.31% |
| Effective Tax Rate | 71.59% | 28.71% | 42.76% | |||
| Advertising Expenses | 55.39K | 84.78K | 372.11K | 417.28K | 395.55K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.87M | 28.81M | 16.46M | 13.67M | 8.26M | 8.63M |
| Cash & Short-Term Investments | 34.87M | 28.81M | 16.46M | 13.67M | 8.26M | 8.63M |
| Accounts Receivable | 66.35M | 67.09M | 67.09M | 70.16M | 67.10M | 65.37M |
| Other Receivables | 178.74M | 170.13M | 168.58M | 99.87M | 100.17M | 81.56M |
| Receivables | 245.09M | 237.22M | 235.67M | 170.03M | 167.27M | 146.93M |
| Inventory | 772.79M | 795.43M | 656.85M | 527.40M | 490.40M | 407.61M |
| Other Current Assets | 560.34M | 538.17M | 486.73M | 450.00M | 296.51M | 371.70M |
| Total Current Assets | 1.61B | 1.60B | 1.40B | 1.16B | 962.44M | 934.86M |
| Property, Plant & Equipment | 3.43B | 3.40B | 3.33B | 3.30B | 3.34B | 2.19B |
| Long-Term Investments | 112.54M | 112.54M | 112.54M | 112.54M | ||
| Other Long-Term Assets | 2.00 | |||||
| Total Assets | 5.04B | 5.00B | 4.83B | 4.57B | 4.41B | 3.24B |
| Accounts Payable | 81.17M | 83.17M | 84.12M | 96.25M | 110.30M | 113.02M |
| Accrued Expenses | 8.21M | 6.62M | 5.14M | 11.59M | 18.75M | 30.07M |
| Short-Term Debt | 1.54M | 613.01M | 530.92M | 497.46M | 451.27M | 430.85M |
| Current Portion of Long-Term Debt | 117.67M | 129.97M | 119.20M | 119.20M | 74.87M | |
| Current Income Taxes Payable | 51.48M | 51.37M | 70.50M | 86.29M | 95.39M | 77.22M |
| Other Current Liabilities | 362.60M | 410.55M | 411.59M | 204.41M | 22.14M | 21.55M |
| Total Current Liabilities | 505.00M | 1.28B | 1.23B | 1.02B | 817.04M | 747.58M |
| Long-Term Debt | 1.33B | 506.33M | 391.94M | 317.11M | 259.35M | 130.44M |
| Pension & Post-Retirement Benefits | 8.96M | 8.96M | 9.19M | 9.28M | 9.44M | 9.53M |
| Long-Term Deferred Tax Liabilities | 173.16M | 181.91M | 183.95M | 199.61M | 195.94M | 185.03M |
| Other Long-Term Liabilities | 1.00 | -1.00 | ||||
| Total Liabilities | 2.02B | 1.98B | 1.82B | 1.54B | 1.28B | 1.07B |
| Common Stock | 377.24M | 377.24M | 377.24M | 377.24M | 377.24M | 377.24M |
| Retained Earnings | 304.34M | 289.95M | 266.34M | 259.16M | 195.17M | 152.32M |
| Comprehensive Income & Other | 2.34B | 2.36B | 2.37B | 2.39B | 2.56B | 1.63B |
| Shareholders' Equity | 3.02B | 3.02B | 3.02B | 3.03B | 3.13B | 2.16B |
| Total Liabilities & Equity | 5.04B | 5.00B | 4.83B | 4.57B | 4.41B | 3.24B |
| Total Debt | 1.33B | 1.24B | 1.05B | 933.77M | 829.82M | 636.16M |
| Net Cash (Debt) | -1.30B | -1.21B | -1.04B | -920.10M | -821.56M | -627.53M |
| Net Cash Per Share | -34.36 | -32.03 | -27.47 | -24.39 | -21.78 | -16.63 |
| Filing Date Shares Outstanding | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M |
| Total Common Shares Outstanding | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M | 37.72M |
| Working Capital | 1.11B | 317.25M | 163.47M | 145.89M | 145.40M | 187.28M |
| Book Value Per Share | 80.18 | 80.14 | 79.99 | 80.29 | 83.01 | 57.37 |
| Tangible Book Value | 3.02B | 3.02B | 3.02B | 3.03B | 3.13B | 2.16B |
| Tangible Book Value Per Share | 80.18 | 80.14 | 79.99 | 80.29 | 83.01 | 57.37 |
| Land | 1.95B | 1.95B | 1.95B | 1.95B | 2.10B | 1.18B |
| Buildings | 500.96M | 500.96M | 479.50M | 479.50M | 479.50M | 409.52M |
| Machinery | 2.22B | 2.22B | 1.96B | 1.95B | 1.87B | 1.46B |
| Construction In Progress | 115.69M | 38.81M | 176.49M | 97.22M | 49.31M | 67.92M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -29.21M | 8.12M | 14.65M | 109.67M | 38.93M | 33.91M |
| Depreciation & Amortization | 77.66M | 70.02M | 61.91M | 62.88M | 50.61M | 47.13M |
| Loss (Gain) From Sale of Assets | -198.10M | |||||
| Loss (Gain) From Sale of Investments | -46.13K | -70.69M | ||||
| Other Operating Activities | 1.00 | -1.00 | ||||
| Change in Accounts Receivable | 5.16M | -1.55M | -65.64M | -2.76M | -20.34M | -9.56M |
| Change in Inventory | 1.23M | -34.49M | 48.81M | -34.63M | -60.31M | -9.07M |
| Change in Accounts Payable | -2.00M | -955.09K | -12.13M | -14.05M | -2.73M | -12.07M |
| Change in Income Taxes | -22.87M | -19.51M | 29.71M | -7.59M | ||
| Change in Other Net Operating Assets | -150.46M | -154.32M | -38.23M | -68.23M | 59.49M | -6.73M |
| Operating Cash Flow | -127.84M | -205.40M | -6.28M | -111.83M | 76.57M | 9.98M |
| Capital Expenditures | -361.22M | -378.04M | -98.96M | -236.71M | -480.80M | -81.55M |
| Sale (Purchase) of Real Estate | 200.00M | |||||
| Investment in Securities | 46.13K | 183.23M | ||||
| Other Investing Activities | 231.38M | 231.38M | 7.05M | 66.73M | 225.65M | |
| Investing Cash Flow | -129.80M | 36.56M | -91.91M | 30.02M | -255.15M | -81.55M |
| Short-Term Debt Issued | 82.49M | 35.86M | 47.44M | 20.82M | 80.48M | |
| Long-Term Debt Issued | 102.09M | 85.60M | 57.76M | 173.24M | ||
| Total Debt Issued | 888.21M | 184.59M | 121.46M | 105.20M | 194.06M | 80.48M |
| Long-Term Debt Repaid | -3.81M | |||||
| Total Debt Repaid | -611.47M | -3.81M | ||||
| Net Debt Issued (Repaid) | 276.74M | 184.59M | 121.46M | 105.20M | 194.06M | 76.67M |
| Common Dividends Paid | -9.26M | -3.41M | -20.47M | -17.98M | -15.85M | -8.12M |
| Other Financing Activities | 1.00 | |||||
| Financing Cash Flow | 267.48M | 181.18M | 100.99M | 87.22M | 178.21M | 68.55M |
| Miscellaneous Cash Flow Adjustments | -1.00 | 1.00 | ||||
| Net Cash Flow | 9.85M | 12.34M | 2.79M | 5.41M | -366.56K | -3.03M |
| Free Cash Flow | -489.06M | -583.44M | -105.24M | -348.55M | -404.23M | -71.58M |
| Free Cash Flow Margin | -134.74% | -167.25% | -34.77% | -56.87% | -44.71% | -10.13% |
| Free Cash Flow Per Share | -12.96 | -15.47 | -2.79 | -9.24 | -10.71 | -1.90 |
| Levered Free Cash Flow | -508.78M | -575.20M | -146.04M | -249.21M | -417.94M | -71.74M |
| Unlevered Free Cash Flow | -403.60M | -483.83M | -85.86M | -196.94M | -381.95M | -29.08M |
| Cash Interest Paid | 168.28M | 146.20M | 96.29M | 83.63M | 57.58M | 68.26M |
| Cash Income Tax Paid | 3.27M | 12.28M | 2.38M | 10.78M | 18.17M | 9.88M |
| Change in Working Capital | -176.25M | -212.85M | -82.84M | -86.29M | -12.97M | -71.07M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.66B | 3.11B | 2.89B | 4.22B | 3.87B | 4.43B |
| Enterprise Value | 3.95B | 4.14B | 3.79B | 4.92B | 4.49B | 5.01B |
| Last Close Price | 70.40 | 82.27 | 76.37 | 110.46 | 100.42 | 113.67 |
| PE Ratio | 383.47 | 197.52 | 38.49 | 99.53 | 130.48 | |
| PS Ratio | 7.32 | 8.92 | 9.56 | 6.89 | 4.29 | 6.26 |
| PB Ratio | 0.88 | 1.03 | 0.96 | 1.39 | 1.24 | 2.04 |
| P/TBV Ratio | 0.88 | 1.03 | 0.96 | 1.39 | 1.24 | 2.04 |
| P/OCF Ratio | 50.60 | 443.52 | ||||
| EV/Sales Ratio | 10.89 | 11.87 | 12.54 | 8.04 | 4.96 | 7.09 |
| EV/EBITDA Ratio | 24.97 | 32.69 | 48.51 | 53.55 | 27.19 | 39.42 |
| EV/EBIT Ratio | 49.03 | 73.07 | 232.73 | 169.34 | 39.23 | 62.68 |
| Debt / Equity Ratio | 0.44 | 0.41 | 0.35 | 0.31 | 0.27 | 0.29 |
| Debt / EBITDA Ratio | 8.41 | 9.76 | 13.46 | 10.15 | 5.03 | 5.01 |
| Net Debt / Equity Ratio | 0.43 | 0.40 | 0.34 | 0.30 | 0.26 | 0.29 |
| Net Debt / EBITDA Ratio | 8.19 | 9.54 | 13.25 | 10.01 | 4.98 | 4.94 |
| Net Debt / FCF Ratio | -2.65 | -2.07 | -9.85 | -2.64 | -2.03 | -8.77 |
| Asset Turnover | 0.07 | 0.07 | 0.06 | 0.14 | 0.24 | 0.22 |
| Inventory Turnover | 0.35 | 0.36 | 0.43 | 1.03 | 1.62 | 1.46 |
| Quick Ratio | 0.55 | 0.21 | 0.20 | 0.18 | 0.21 | 0.21 |
| Current Ratio | 3.19 | 1.25 | 1.13 | 1.14 | 1.18 | 1.25 |
| Return on Equity (ROE) | -0.96% | 0.27% | 0.48% | 3.56% | 1.47% | 1.58% |
| Return on Assets (ROA) | 1.01% | 0.72% | 0.22% | 0.40% | 1.87% | 1.56% |
| Return on Invested Capital (ROIC) | 1.87% | 0.39% | 0.41% | 0.53% | 1.94% | 2.92% |
| Return on Capital Employed (ROCE) | 1.80% | 1.50% | 0.50% | 0.80% | 3.20% | 3.20% |
| Earnings Yield | -1.10% | 0.26% | 0.51% | 2.60% | 1.00% | 0.77% |
| FCF Yield | -18.41% | -18.75% | -3.64% | -8.26% | -10.43% | -1.62% |
| Dividend Yield | 0.28% | 0.24% | 0.13% | 0.89% | 0.97% | 0.85% |
| Payout Ratio | 41.96% | 139.71% | 16.39% | 40.71% | 23.95% | |
| Total Shareholder Return | 0.28% | 0.24% | 0.13% | 0.89% | 0.97% | 0.85% |