DSE : NPOLYMER
National Polymer Industries PLC — Financial statements
Miscellaneous Plastics Products · Bangladesh
Last price 27 BDT (At close: Oct 29, 2026) · Market cap 1.97B
Latest research: National Polymer Industries financial analysis: FY2026 EPS BDT 0.42, borrowings 2.5x equity (Oct 2026) · National Polymer: FY2026 EPS of BDT 0.42 after BDT 0.07 in FY2025, with borrowings of BDT 5.43bn against equity of BDT 2.15bn
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Financial statements
National Polymer Industries PLC (NPOLYMER) reported revenue of 5.45B 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 | 5.45B | 5.61B | 7.27B | 6.48B | 5.07B | 4.49B |
| Cost of Revenue | 4.72B | 4.83B | 6.20B | 5.34B | 4.19B | 3.77B |
| Gross Profit | 738.81M | 783.46M | 1.07B | 1.14B | 876.00M | 721.26M |
| Selling, General & Admin | 309.89M | 322.88M | 371.57M | 334.13M | 305.51M | 243.53M |
| Other Operating Expenses | 2.78M | 2.78M | 2.44M | 1.38M | 1.98M | 1.99M |
| Operating Expenses | 312.67M | 325.66M | 374.01M | 335.51M | 307.49M | 245.52M |
| Operating Income | 426.14M | 457.80M | 693.11M | 800.90M | 568.51M | 475.74M |
| Interest Expense | -369.75M | -366.72M | -395.44M | -345.89M | -297.59M | -257.86M |
| Interest & Investment Income | 12.59M | 11.22M | 5.32M | 3.06M | 3.64M | 17.47M |
| Currency Exchange Gain (Loss) | -7.11M | -37.92M | -84.52M | -268.63M | -3.89M | -3.52M |
| Other Non Operating Income (Expenses) | -21.06M | -3.22M | -8.50M | 2.02M | -4.26M | 3.48M |
| EBT Excluding Unusual Items | 40.81M | 61.17M | 209.97M | 191.45M | 266.41M | 235.30M |
| Gain (Loss) on Sale of Investments | -400.67K | |||||
| Pretax Income | 40.81M | 61.17M | 209.57M | 191.45M | 266.41M | 235.30M |
| Income Tax Expense | 69.22M | 56.15M | 43.63M | 38.86M | 53.28M | 52.94M |
| Net Income | -28.41M | 5.02M | 165.94M | 152.59M | 213.13M | 182.36M |
| Net Income to Common | -28.41M | 5.02M | 165.94M | 152.59M | 213.13M | 182.36M |
| Shares Outstanding (Basic) | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M | 64.56M |
| Shares Outstanding (Diluted) | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M | 106.64M |
| EPS (Basic) | -0.39 | 0.07 | 2.27 | 2.09 | 2.92 | 2.82 |
| EPS (Diluted) | -0.39 | 0.07 | 2.27 | 2.09 | 2.92 | 1.71 |
| Free Cash Flow | 634.82M | 466.97M | -704.42M | -684.27M | -739.78M | -709.53M |
| Free Cash Flow Per Share | 8.70 | 6.40 | -9.65 | -9.38 | -10.14 | -6.65 |
| Dividend Per Share | 0.50 | 0.50 | 1.05 | 1.05 | 1.05 | 1.00 |
| Gross Margin | 13.55% | 13.95% | 14.68% | 17.55% | 17.29% | 16.07% |
| Operating Margin | 7.81% | 8.15% | 9.53% | 12.37% | 11.22% | 10.60% |
| Profit Margin | -0.52% | 0.09% | 2.28% | 2.36% | 4.21% | 4.06% |
| Free Cash Flow Margin | 11.64% | 8.32% | -9.69% | -10.56% | -14.60% | -15.81% |
| EBITDA | 668.75M | 715.97M | 879.91M | 1.07B | 820.42M | 665.68M |
| EBITDA Margin | 12.26% | 12.75% | 12.10% | 16.54% | 16.20% | 14.84% |
| D&A For EBITDA | 242.61M | 258.17M | 186.80M | 270.65M | 251.91M | 189.95M |
| EBIT | 426.14M | 457.80M | 693.11M | 800.90M | 568.51M | 475.74M |
| EBIT Margin | 7.81% | 8.15% | 9.53% | 12.37% | 11.22% | 10.60% |
| Effective Tax Rate | 169.63% | 91.80% | 20.82% | 20.30% | 20.00% | 22.50% |
| Advertising Expenses | 6.20M | 4.75M | 5.36M | 11.58M | 2.79M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 307.04M | 50.37M | 150.00M | 214.39M | 360.10M | 693.46M |
| Cash & Short-Term Investments | 307.04M | 50.37M | 150.00M | 214.39M | 360.10M | 693.46M |
| Accounts Receivable | 1.09B | 1.23B | 1.38B | 1.30B | 1.34B | 1.17B |
| Other Receivables | 5.90M | 3.04M | 3.48M | 1.61M | 1.07M | 2.41M |
| Receivables | 1.10B | 1.24B | 1.39B | 1.30B | 1.34B | 1.17B |
| Inventory | 1.48B | 1.33B | 1.35B | 1.32B | 1.32B | 1.30B |
| Prepaid Expenses | 12.92M | 19.03M | 27.58M | 27.72M | 29.34M | 27.68M |
| Other Current Assets | 1.12B | 1.16B | 1.08B | 891.45M | 640.32M | 607.61M |
| Total Current Assets | 4.01B | 3.79B | 4.00B | 3.75B | 3.70B | 3.80B |
| Property, Plant & Equipment | 4.02B | 4.19B | 4.32B | 3.59B | 2.70B | 1.86B |
| Long-Term Investments | 115.05M | 96.57M | 81.75M | 39.59M | 39.90M | 376.51M |
| Other Long-Term Assets | 1.00 | -1.00 | ||||
| Total Assets | 8.15B | 8.08B | 8.40B | 7.38B | 6.44B | 6.04B |
| Accounts Payable | 12.65M | 25.30M | 21.84M | 25.35M | ||
| Accrued Expenses | 234.96M | 240.98M | 214.04M | 98.86M | 71.79M | 65.45M |
| Short-Term Debt | 1.22B | 2.34B | 3.47B | 2.75B | 2.51B | 1.79B |
| Current Portion of Long-Term Debt | 311.07M | 779.55M | 320.33M | 383.51M | 387.90M | 571.60M |
| Current Income Taxes Payable | 227.00M | 191.92M | 135.77M | 145.09M | 106.22M | 103.03M |
| Other Current Liabilities | 9.49M | 12.58M | 12.89M | 14.36M | 11.06M | 7.34M |
| Total Current Liabilities | 2.02B | 3.59B | 4.17B | 3.42B | 3.09B | 2.54B |
| Long-Term Debt | 3.90B | 2.24B | 1.91B | 1.71B | 1.18B | 1.45B |
| Long-Term Deferred Tax Liabilities | 79.49M | 79.49M | 79.49M | 79.49M | 79.49M | 79.49M |
| Other Long-Term Liabilities | 1.00 | 1.00 | 1.00 | 1.00 | ||
| Total Liabilities | 6.00B | 5.91B | 6.16B | 5.21B | 4.35B | 4.07B |
| Common Stock | 729.84M | 729.84M | 729.84M | 729.84M | 729.84M | 729.84M |
| Additional Paid-In Capital | 316.46M | 316.46M | 316.46M | 316.46M | 316.46M | 316.46M |
| Retained Earnings | 608.94M | 621.15M | 692.77M | 626.02M | 546.28M | 425.84M |
| Comprehensive Income & Other | 496.26M | 496.26M | 496.26M | 496.26M | 496.26M | 496.26M |
| Shareholders' Equity | 2.15B | 2.16B | 2.24B | 2.17B | 2.09B | 1.97B |
| Total Liabilities & Equity | 8.15B | 8.08B | 8.40B | 7.38B | 6.44B | 6.04B |
| Total Debt | 5.43B | 5.36B | 5.70B | 4.85B | 4.08B | 3.82B |
| Net Cash (Debt) | -5.13B | -5.31B | -5.55B | -4.63B | -3.72B | -3.12B |
| Net Cash Per Share | -70.24 | -72.78 | -76.05 | -63.50 | -50.96 | -29.28 |
| Filing Date Shares Outstanding | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M |
| Total Common Shares Outstanding | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M | 72.98M |
| Working Capital | 2.00B | 202.43M | -173.93M | 328.76M | 608.44M | 1.26B |
| Book Value Per Share | 29.48 | 29.65 | 30.63 | 29.71 | 28.62 | 26.97 |
| Tangible Book Value | 2.15B | 2.16B | 2.24B | 2.17B | 2.09B | 1.97B |
| Tangible Book Value Per Share | 29.48 | 29.65 | 30.63 | 29.71 | 28.62 | 26.97 |
| Land | 1.97B | 1.97B | 1.66B | 1.32B | 625.46M | |
| Buildings | 933.04M | 933.04M | 272.51M | 272.51M | 216.70M | |
| Machinery | 3.71B | 3.57B | 3.01B | 2.71B | 2.24B | |
| Construction In Progress | 7.62M | 629.92M | 104.99M | 239.20M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -28.41M | 5.02M | 165.94M | 152.59M | 213.13M | 182.36M |
| Depreciation & Amortization | 434.15M | 258.17M | 186.80M | 270.65M | 251.91M | 189.95M |
| Other Operating Activities | 217.88M | 271.87M | 1.84M | 60.31M | -46.94M | -493.58M |
| Change in Inventory | 23.74M | 23.74M | -31.53M | 4.08M | -21.47M | -66.66M |
| Change in Other Net Operating Assets | 34.99M | 34.99M | -112.38M | -11.42M | -45.72M | -91.62M |
| Operating Cash Flow | 682.34M | 593.78M | 210.67M | 476.21M | 350.90M | -279.56M |
| Capital Expenditures | -47.52M | -126.81M | -915.09M | -1.16B | -1.09B | -429.96M |
| Cash Acquisitions | -990.00K | |||||
| Investment in Securities | -19.99M | -14.81M | -43.15M | 1.30M | 336.61M | -125.60M |
| Other Investing Activities | -1.00 | -1.00 | ||||
| Investing Cash Flow | -67.51M | -141.62M | -958.24M | -1.16B | -754.07M | -555.56M |
| Short-Term Debt Issued | 2.84M | 713.57M | 244.11M | |||
| Long-Term Debt Issued | 1.05B | 516.01M | 931.06M | 2.65B | ||
| Total Debt Issued | 2.10B | 1.06B | 1.23B | 1.18B | 2.65B | |
| Short-Term Debt Repaid | -1.13B | -257.53M | ||||
| Long-Term Debt Repaid | -262.92M | -378.16M | -405.64M | -529.97M | -1.53B | |
| Total Debt Repaid | -2.36B | -1.39B | -378.16M | -405.64M | -529.97M | -1.79B |
| Net Debt Issued (Repaid) | -260.59M | -338.50M | 851.42M | 769.53M | -529.97M | 865.18M |
| Issuance of Common Stock | 547.38M | |||||
| Common Dividends Paid | -30.66M | -76.63M | -76.63M | -72.85M | -54.74M | |
| Other Financing Activities | -165.98M | -136.66M | -91.62M | -158.43M | 599.78M | -90.87M |
| Financing Cash Flow | -457.23M | -551.79M | 683.18M | 538.24M | 69.81M | 1.27B |
| Miscellaneous Cash Flow Adjustments | -2.00 | -1.00 | ||||
| Net Cash Flow | 157.60M | -99.63M | -64.40M | -145.71M | -333.36M | 431.82M |
| Free Cash Flow | 634.82M | 466.97M | -704.42M | -684.27M | -739.78M | -709.53M |
| Free Cash Flow Margin | 11.64% | 8.32% | -9.69% | -10.56% | -14.60% | -15.81% |
| Free Cash Flow Per Share | 8.70 | 6.40 | -9.65 | -9.38 | -10.14 | -6.65 |
| Levered Free Cash Flow | 561.90M | 382.22M | -754.35M | -711.18M | -884.17M | -830.89M |
| Unlevered Free Cash Flow | 793.00M | 611.42M | -507.20M | -495.00M | -698.17M | -669.73M |
| Cash Interest Paid | 380.42M | 378.08M | 406.91M | 355.39M | 297.59M | 257.86M |
| Cash Income Tax Paid | 63.26M | 103.15M | 211.41M | 214.73M | 185.51M | 197.92M |
| Change in Working Capital | 58.73M | 58.73M | -143.91M | -7.35M | -67.19M | -158.29M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.97B | 2.03B | 2.87B | 3.72B | 3.89B | 4.19B |
| Enterprise Value | 7.10B | 7.41B | 8.27B | 7.91B | 7.18B | 6.83B |
| Last Close Price | 27.00 | 27.21 | 37.28 | 47.38 | 48.50 | 51.25 |
| PE Ratio | 404.33 | 17.29 | 24.39 | 18.25 | 22.97 | |
| Forward PE | 9.82 | 10.34 | 17.00 | |||
| PS Ratio | 0.36 | 0.36 | 0.39 | 0.57 | 0.77 | 0.93 |
| PB Ratio | 0.92 | 0.94 | 1.28 | 1.72 | 1.86 | 2.13 |
| P/TBV Ratio | 0.92 | 0.94 | 1.28 | 1.72 | 1.86 | 2.13 |
| P/FCF Ratio | 3.10 | 4.34 | ||||
| P/OCF Ratio | 2.89 | 3.42 | 13.62 | 7.82 | 11.09 | |
| EV/Sales Ratio | 1.30 | 1.32 | 1.14 | 1.22 | 1.42 | 1.52 |
| EV/EBITDA Ratio | 10.61 | 10.35 | 9.40 | 7.38 | 8.76 | 10.27 |
| EV/EBIT Ratio | 16.65 | 16.19 | 11.93 | 9.88 | 12.64 | 14.36 |
| EV/FCF Ratio | 11.18 | 15.87 | ||||
| Debt / Equity Ratio | 2.52 | 2.48 | 2.55 | 2.24 | 1.95 | 1.94 |
| Debt / EBITDA Ratio | 8.12 | 7.49 | 6.48 | 4.53 | 4.97 | 5.73 |
| Debt / FCF Ratio | 8.56 | 11.48 | ||||
| Net Debt / Equity Ratio | 2.38 | 2.46 | 2.48 | 2.14 | 1.78 | 1.59 |
| Net Debt / EBITDA Ratio | 7.67 | 7.42 | 6.31 | 4.33 | 4.53 | 4.69 |
| Net Debt / FCF Ratio | 8.07 | 11.37 | -7.88 | -6.77 | -5.03 | -4.40 |
| Asset Turnover | 0.67 | 0.68 | 0.92 | 0.94 | 0.81 | 0.85 |
| Inventory Turnover | 3.22 | 3.61 | 4.65 | 4.04 | 3.19 | 2.97 |
| Quick Ratio | 0.70 | 0.36 | 0.37 | 0.44 | 0.55 | 0.73 |
| Current Ratio | 1.99 | 1.06 | 0.96 | 1.10 | 1.20 | 1.50 |
| Return on Equity (ROE) | -1.30% | 0.23% | 7.54% | 7.17% | 10.51% | 11.13% |
| Return on Assets (ROA) | 3.25% | 3.47% | 5.49% | 7.25% | 5.70% | 5.64% |
| Return on Invested Capital (ROIC) | -3.98% | 0.49% | 7.52% | 10.12% | 8.35% | 8.11% |
| Return on Capital Employed (ROCE) | 6.90% | 10.20% | 16.40% | 20.20% | 17.00% | 13.60% |
| Earnings Yield | -1.44% | 0.25% | 5.79% | 4.10% | 5.48% | 4.35% |
| FCF Yield | 32.22% | 23.02% | -24.56% | -18.38% | -19.02% | -16.94% |
| Dividend Yield | 1.85% | 1.80% | 2.67% | 2.06% | 1.97% | 1.74% |
| Payout Ratio | 1,527.16% | 46.18% | 47.74% | 30.02% | ||
| Buyback Yield / Dilution | 31.56% | -192.24% | ||||
| Total Shareholder Return | 1.85% | 1.80% | 2.67% | 2.06% | 33.53% | -190.50% |