DSE : NAVANAPHAR
Navana Pharmaceuticals PLC — Financial statements
Pharmaceutical Preparations · Bangladesh
Last price 59.3 BDT (At close: Oct 29, 2026) · Market cap 6.37B
Latest research: Navana Pharmaceuticals financial analysis: 28% sales growth, BDT 750m interest bill and falling debt (Oct 2026) · Navana Pharmaceuticals: sales up 28% and factories at 98% of capacity, but interest takes half of operating profit
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Financial statements
Navana Pharmaceuticals PLC (NAVANAPHAR) reported revenue of 10.57B 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 | 10.57B | 8.84B | 6.90B | 5.71B | 4.76B | 3.61B |
| Cost of Revenue | 5.99B | 4.97B | 3.77B | 3.11B | 2.60B | 1.99B |
| Gross Profit | 4.58B | 3.88B | 3.13B | 2.60B | 2.16B | 1.61B |
| Selling, General & Admin | 3.08B | 2.43B | 2.14B | 1.84B | 1.59B | 1.27B |
| Operating Expenses | 3.08B | 2.43B | 2.14B | 1.84B | 1.59B | 1.27B |
| Operating Income | 1.49B | 1.45B | 991.84M | 755.72M | 569.60M | 348.59M |
| Interest Expense | -611.33M | -726.63M | -463.57M | -234.89M | -200.42M | -75.18M |
| Interest & Investment Income | 546.72K | 1.07M | 1.47M | 5.84M | 5.58M | 29.45K |
| Currency Exchange Gain (Loss) | -68.16M | -54.08M | -25.18M | -33.38M | -93.98M | -2.52M |
| Other Non Operating Income (Expenses) | 13.09M | 6.15M | 11.39M | -1.91M | 27.64M | 30.47M |
| EBT Excluding Unusual Items | 826.58M | 672.48M | 515.95M | 491.38M | 308.42M | 301.39M |
| Gain (Loss) on Sale of Investments | -14.80M | -10.46M | -879.76K | -42.30M | 82.90M | |
| Gain (Loss) on Sale of Assets | -1.22M | -90.46K | 1.18M | 467.52K | 1.02M | |
| Pretax Income | 810.56M | 661.93M | 516.25M | 449.08M | 391.79M | 302.41M |
| Income Tax Expense | 204.43M | 174.12M | 111.62M | 92.14M | 117.78M | 100.12M |
| Net Income | 606.13M | 487.81M | 404.63M | 356.94M | 274.00M | 202.29M |
| Net Income to Common | 606.13M | 487.81M | 404.63M | 356.94M | 274.00M | 202.29M |
| Shares Outstanding (Basic) | 107.42M | 107.42M | 107.42M | 99.41M | 80.23M | 80.23M |
| Shares Outstanding (Diluted) | 108.22M | 107.42M | 107.42M | 99.41M | 80.23M | 80.23M |
| EPS (Basic) | 5.64 | 4.54 | 3.77 | 3.59 | 3.42 | 2.52 |
| EPS (Diluted) | 5.60 | 4.54 | 3.77 | 3.59 | 3.42 | 2.52 |
| Free Cash Flow | 1.89B | 1.44B | -625.10M | -1.40B | -1.16B | -399.00M |
| Free Cash Flow Per Share | 17.50 | 13.44 | -5.82 | -14.13 | -14.45 | -4.97 |
| Dividend Per Share | 1.40 | 1.40 | 1.40 | 1.30 | 1.10 | |
| Gross Margin | 43.29% | 43.85% | 45.34% | 45.50% | 45.39% | 44.75% |
| Operating Margin | 14.12% | 16.35% | 14.38% | 13.24% | 11.97% | 9.66% |
| Profit Margin | 5.74% | 5.52% | 5.87% | 6.25% | 5.76% | 5.61% |
| Free Cash Flow Margin | 17.92% | 16.33% | -9.06% | -24.61% | -24.37% | -11.06% |
| EBITDA | 1.73B | 1.71B | 1.16B | 966.13M | 675.37M | 397.71M |
| EBITDA Margin | 16.36% | 19.39% | 16.86% | 16.93% | 14.19% | 11.03% |
| D&A For EBITDA | 236.65M | 268.77M | 171.25M | 210.41M | 105.77M | 49.12M |
| EBIT | 1.49B | 1.45B | 991.84M | 755.72M | 569.60M | 348.59M |
| EBIT Margin | 14.12% | 16.35% | 14.38% | 13.24% | 11.97% | 9.66% |
| Effective Tax Rate | 25.22% | 26.30% | 21.62% | 20.52% | 30.06% | 33.11% |
| Advertising Expenses | 42.15M | 38.40M | 33.13M | 80.86M | 19.55M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 229.54M | 184.53M | 267.77M | 440.93M | 66.43M | 25.78M |
| Cash & Short-Term Investments | 229.54M | 184.53M | 267.77M | 440.93M | 66.43M | 25.78M |
| Accounts Receivable | 1.46B | 1.36B | 996.56M | 788.15M | 519.97M | 434.81M |
| Other Receivables | 31.15M | 16.12M | 23.57M | 13.09M | 27.85M | 28.08M |
| Receivables | 1.49B | 1.38B | 1.02B | 801.24M | 547.82M | 462.89M |
| Inventory | 1.86B | 2.09B | 2.30B | 1.55B | 1.17B | 931.44M |
| Prepaid Expenses | 952.98K | 2.59M | 1.98M | |||
| Other Current Assets | 1.48B | 1.54B | 1.89B | 1.99B | 1.11B | 387.04M |
| Total Current Assets | 5.06B | 5.18B | 5.48B | 4.79B | 2.90B | 1.81B |
| Property, Plant & Equipment | 6.34B | 6.26B | 5.75B | 4.63B | 4.03B | 3.39B |
| Long-Term Investments | 41.41M | 34.46M | 76.92M | 167.62M | 159.03M | |
| Other Intangible Assets | 110.00K | 330.00K | 550.00K | 770.00K | 990.00K | |
| Other Long-Term Assets | 1.00 | |||||
| Total Assets | 11.44B | 11.47B | 11.30B | 9.59B | 7.08B | 5.20B |
| Accounts Payable | 188.41M | 83.92M | 23.79M | 44.46M | 42.65M | 20.43M |
| Accrued Expenses | 633.15M | 639.15M | 444.32M | 298.32M | 245.36M | 185.09M |
| Short-Term Debt | 3.62B | 4.28B | 5.01B | 4.07B | 2.68B | 1.14B |
| Current Portion of Long-Term Debt | 42.05M | 85.76M | 35.37M | 18.09M | 28.13M | 18.80M |
| Current Portion of Leases | 34.11M | 45.85M | 43.55M | 34.72M | 29.25M | 34.62M |
| Current Income Taxes Payable | 756.92M | 616.02M | 451.20M | 345.48M | 245.11M | 141.44M |
| Other Current Liabilities | 304.12M | 292.67M | 288.36M | 47.84M | 14.02M | 28.31M |
| Total Current Liabilities | 5.58B | 6.05B | 6.29B | 4.85B | 3.29B | 1.57B |
| Long-Term Debt | 112.44M | 118.66M | 225.32M | 120.63M | 171.39M | 162.98M |
| Long-Term Leases | 108.55M | 115.35M | 64.50M | 89.60M | 100.72M | 131.53M |
| Long-Term Deferred Tax Liabilities | 323.09M | 326.71M | 158.01M | 152.11M | 42.36M | 28.25M |
| Other Long-Term Liabilities | -1.00 | 2.00 | -1.00 | |||
| Total Liabilities | 6.12B | 6.61B | 6.74B | 5.22B | 3.60B | 1.89B |
| Common Stock | 1.07B | 1.07B | 1.07B | 1.07B | 802.30M | 802.30M |
| Additional Paid-In Capital | 448.17M | 448.17M | 448.17M | 448.17M | ||
| Retained Earnings | 1.59B | 1.15B | 708.02M | 443.03M | 204.24M | 535.83M |
| Comprehensive Income & Other | 2.20B | 2.19B | 2.33B | 2.41B | 2.48B | 1.97B |
| Shareholders' Equity | 5.32B | 4.86B | 4.56B | 4.37B | 3.48B | 3.30B |
| Total Liabilities & Equity | 11.44B | 11.47B | 11.30B | 9.59B | 7.08B | 5.20B |
| Total Debt | 3.92B | 4.65B | 5.38B | 4.33B | 3.01B | 1.49B |
| Net Cash (Debt) | -3.65B | -4.43B | -5.03B | -3.72B | -2.79B | -1.47B |
| Net Cash Per Share | -33.71 | -41.24 | -46.85 | -37.42 | -34.73 | -18.27 |
| Filing Date Shares Outstanding | 107.42M | 107.42M | 107.42M | 107.42M | 80.23M | 80.23M |
| Total Common Shares Outstanding | 107.42M | 107.42M | 107.42M | 107.42M | 80.23M | 80.23M |
| Working Capital | -515.87M | -864.47M | -814.39M | -65.55M | -391.14M | 237.08M |
| Book Value Per Share | 49.53 | 45.29 | 42.46 | 40.71 | 43.41 | 41.19 |
| Tangible Book Value | 5.32B | 4.86B | 4.56B | 4.37B | 3.48B | 3.30B |
| Tangible Book Value Per Share | 49.53 | 45.29 | 42.46 | 40.70 | 43.40 | 41.17 |
| Land | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B | |
| Buildings | 1.70B | 1.41B | 1.14B | 745.82M | 231.90M | |
| Machinery | 2.33B | 1.71B | 985.02M | 831.81M | 789.03M | |
| Construction In Progress | 892.73M | 821.13M | 931.72M | 614.67M | 403.01M | 159.04M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 606.13M | 487.81M | 404.63M | 356.94M | 274.00M | 202.29M |
| Depreciation & Amortization | 288.52M | 320.65M | 214.96M | 210.41M | 165.84M | 87.27M |
| Other Amortization | 330.00K | 220.00K | 220.00K | 220.00K | 110.00K | |
| Loss (Gain) From Sale of Assets | 7.65M | 7.65M | -1.18M | -467.52K | 223.00 | |
| Loss (Gain) From Sale of Investments | -14.80M | 10.46M | -123.14M | 46.80M | -82.90M | |
| Other Operating Activities | 168.70M | 175.80M | 341.50M | 134.99M | 147.08M | 75.47M |
| Change in Accounts Receivable | -209.13M | -175.36M | -218.89M | -253.42M | -84.93M | -74.38M |
| Change in Inventory | 386.70M | 88.47M | -620.60M | -344.07M | -200.76M | -95.70M |
| Change in Accounts Payable | 681.76M | 417.03M | 332.93M | 152.22M | 79.44M | 8.78M |
| Change in Other Net Operating Assets | 459.42M | 482.28M | 376.88M | -110.13M | -98.16M | -82.11M |
| Operating Cash Flow | 2.38B | 1.82B | 707.30M | 193.74M | 199.36M | 121.75M |
| Capital Expenditures | -481.66M | -370.89M | -1.33B | -1.60B | -1.36B | -520.75M |
| Sale of Property, Plant & Equipment | 1.48M | |||||
| Investment in Securities | -52.99M | -10.46M | 13.48M | -2.33M | -171.48M | 53.65M |
| Other Investing Activities | 122.00K | 322.59K | 1.14M | 2.79M | 3.26M | -1.17M |
| Investing Cash Flow | -534.53M | -381.03M | -1.32B | -1.60B | -1.53B | -468.28M |
| Short-Term Debt Issued | 942.14M | 1.38B | 1.55B | 360.66M | ||
| Long-Term Debt Issued | 121.97M | 17.74M | 93.09M | |||
| Total Debt Issued | -22.77M | 1.06B | 1.38B | 1.57B | 453.75M | |
| Short-Term Debt Repaid | -724.88M | |||||
| Long-Term Debt Repaid | -51.82M | -16.26M | -66.46M | -45.83M | -72.02M | |
| Lease Payments | -39.17M | -43.55M | -16.26M | -5.66M | -36.17M | -28.49M |
| Total Debt Repaid | -1.08B | -776.70M | -16.26M | -66.46M | -45.83M | -72.02M |
| Net Debt Issued (Repaid) | -1.10B | -776.70M | 1.05B | 1.32B | 1.52B | 381.73M |
| Issuance of Common Stock | 750.00M | |||||
| Common Dividends Paid | -51.35M | -41.56M | -136.88M | -113.15M | ||
| Other Financing Activities | -657.18M | -698.96M | -475.12M | -175.98M | -154.73M | -64.15M |
| Financing Cash Flow | -1.81B | -1.52B | 435.84M | 1.78B | 1.37B | 317.59M |
| Foreign Exchange Rate Adjustments | -1.22M | 52.64K | ||||
| Miscellaneous Cash Flow Adjustments | 1.00 | 49.58K | -1.00 | |||
| Net Cash Flow | 29.47M | -83.24M | -173.16M | 374.50M | 40.65M | -28.94M |
| Free Cash Flow | 1.89B | 1.44B | -625.10M | -1.40B | -1.16B | -399.00M |
| Free Cash Flow Margin | 17.92% | 16.33% | -9.06% | -24.61% | -24.37% | -11.06% |
| Free Cash Flow Per Share | 17.50 | 13.44 | -5.82 | -14.13 | -14.45 | -4.97 |
| Levered Free Cash Flow | 1.29B | 1.04B | -1.18B | -2.39B | -1.84B | -461.76M |
| Unlevered Free Cash Flow | 1.67B | 1.49B | -889.89M | -2.25B | -1.71B | -414.77M |
| Free Cash Flow After Leases | 1.85B | 1.40B | -641.36M | -1.41B | -1.20B | -427.50M |
| Cash Interest Paid | 657.18M | 698.96M | 475.12M | 157.90M | 142.83M | 64.15M |
| Cash Income Tax Paid | 148.76M | 131.47M | 101.00M | 110.27M | 88.79M | |
| Change in Working Capital | 1.32B | 812.42M | -129.68M | -555.40M | -304.41M | -243.40M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.37B | 5.40B | 9.38B | 12.55B | ||
| Enterprise Value | 10.02B | 10.14B | 13.85B | 15.74B | ||
| Last Close Price | 59.30 | 48.90 | 82.67 | 108.87 | ||
| PE Ratio | 10.58 | 11.08 | 23.18 | 35.15 | ||
| PS Ratio | 0.60 | 0.61 | 1.36 | 2.20 | ||
| PB Ratio | 1.20 | 1.11 | 2.06 | 2.87 | ||
| P/TBV Ratio | 1.20 | 1.11 | 2.06 | 2.87 | ||
| P/FCF Ratio | 3.36 | 3.74 | ||||
| P/OCF Ratio | 2.68 | 2.98 | 13.26 | 64.76 | ||
| EV/Sales Ratio | 0.95 | 1.15 | 2.01 | 2.76 | ||
| EV/EBITDA Ratio | 5.62 | 5.91 | 11.90 | 16.29 | ||
| EV/EBIT Ratio | 6.71 | 7.01 | 13.96 | 20.83 | ||
| EV/FCF Ratio | 5.29 | 7.02 | ||||
| Debt / Equity Ratio | 0.74 | 0.96 | 1.18 | 0.99 | 0.86 | 0.45 |
| Debt / EBITDA Ratio | 2.20 | 2.63 | 4.46 | 4.48 | 4.09 | 3.42 |
| Debt / FCF Ratio | 2.07 | 3.22 | ||||
| Net Debt / Equity Ratio | 0.69 | 0.91 | 1.10 | 0.85 | 0.80 | 0.44 |
| Net Debt / EBITDA Ratio | 2.11 | 2.58 | 4.33 | 3.85 | 4.12 | 3.69 |
| Net Debt / FCF Ratio | 1.93 | 3.07 | -8.05 | -2.65 | -2.40 | -3.67 |
| Asset Turnover | 0.93 | 0.78 | 0.66 | 0.68 | 0.78 | 0.75 |
| Inventory Turnover | 2.54 | 2.26 | 1.96 | 2.28 | 2.47 | 2.27 |
| Quick Ratio | 0.31 | 0.26 | 0.20 | 0.26 | 0.19 | 0.31 |
| Current Ratio | 0.91 | 0.86 | 0.87 | 0.99 | 0.88 | 1.15 |
| Return on Equity (ROE) | 11.90% | 10.35% | 9.06% | 9.09% | 8.07% | 6.31% |
| Return on Assets (ROA) | 8.17% | 7.94% | 5.93% | 5.67% | 5.80% | 4.52% |
| Return on Invested Capital (ROIC) | 12.31% | 11.22% | 8.67% | 8.18% | 7.12% | 5.31% |
| Return on Capital Employed (ROCE) | 25.40% | 26.70% | 19.80% | 16.00% | 15.00% | 9.60% |
| Earnings Yield | 9.45% | 9.03% | 4.32% | 2.84% | ||
| FCF Yield | 29.73% | 26.73% | -6.67% | -11.19% | ||
| Dividend Yield | 2.36% | 2.78% | 1.60% | 1.11% | ||
| Payout Ratio | 8.47% | 8.52% | 33.83% | 31.70% | ||
| Buyback Yield / Dilution | -0.74% | -8.05% | -23.91% | |||
| Total Shareholder Return | 1.62% | 2.78% | -6.45% | -22.80% |