DSE : PDL
Pacific Denims Limited — Financial statements
Broadwoven Fabric Mills, Cotton · Bangladesh
Last price 4.8 BDT (At close: Oct 29, 2026) · Market cap 881.04M
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Financial statements
Pacific Denims Limited (PDL) reported revenue of 1.25B BDT (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | 1.25B | 1.41B | 1.58B | 1.67B | 1.94B | 2.28B |
| Cost of Revenue | 1.13B | 1.26B | 1.36B | 1.43B | 1.66B | 1.90B |
| Gross Profit | 119.57M | 152.07M | 224.52M | 242.43M | 285.75M | 383.76M |
| Selling, General & Admin | 34.21M | 35.06M | 37.84M | 39.21M | 40.63M | 36.45M |
| Operating Expenses | 53.04M | 53.48M | 55.11M | 56.04M | 40.63M | 36.45M |
| Operating Income | 66.53M | 98.59M | 169.41M | 186.39M | 245.11M | 347.31M |
| Interest Expense | -48.44M | -65.05M | -121.15M | -130.85M | -142.58M | -97.51M |
| Interest & Investment Income | 2.86M | 2.86M | 2.99M | 3.14M | 2.67M | 3.46M |
| Currency Exchange Gain (Loss) | 305.82K | 305.82K | 325.65K | 340.31K | 307.13K | 327.73K |
| Other Non Operating Income (Expenses) | -2.28M | -1.02M | -1.18M | -1.19M | -1.16M | -1.33M |
| EBT Excluding Unusual Items | 18.97M | 35.68M | 50.39M | 57.83M | 104.35M | 252.27M |
| Pretax Income | 18.97M | 35.68M | 50.39M | 57.83M | 104.35M | 252.27M |
| Income Tax Expense | 11.39M | 13.00M | 15.44M | 17.74M | 15.95M | 38.22M |
| Net Income | 7.58M | 22.69M | 34.95M | 40.09M | 88.40M | 214.05M |
| Net Income to Common | 7.58M | 22.69M | 34.95M | 40.09M | 88.40M | 214.05M |
| Shares Outstanding (Basic) | 180.19M | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M |
| Shares Outstanding (Diluted) | 180.19M | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M |
| EPS (Basic) | 0.04 | 0.12 | 0.19 | 0.22 | 0.48 | 1.17 |
| EPS (Diluted) | 0.04 | 0.12 | 0.19 | 0.22 | 0.48 | 1.17 |
| Free Cash Flow | 68.02M | 82.85M | 70.42M | 36.21M | -584.00M | -4.48M |
| Free Cash Flow Per Share | 0.38 | 0.45 | 0.38 | 0.20 | -3.18 | -0.02 |
| Dividend Per Share | 0.10 | 0.10 | 0.10 | |||
| Gross Margin | 9.60% | 10.75% | 14.21% | 14.54% | 14.71% | 16.82% |
| Operating Margin | 5.34% | 6.97% | 10.72% | 11.18% | 12.62% | 15.22% |
| Profit Margin | 0.61% | 1.60% | 2.21% | 2.40% | 4.55% | 9.38% |
| Free Cash Flow Margin | 5.46% | 5.86% | 4.46% | 2.17% | -30.07% | -0.20% |
| EBITDA | 125.62M | 160.21M | 236.08M | 258.64M | 311.22M | 393.93M |
| EBITDA Margin | 10.08% | 11.33% | 14.94% | 15.51% | 16.03% | 17.26% |
| D&A For EBITDA | 59.09M | 61.62M | 66.68M | 72.25M | 66.11M | 46.62M |
| EBIT | 66.53M | 98.59M | 169.41M | 186.39M | 245.11M | 347.31M |
| EBIT Margin | 5.34% | 6.97% | 10.72% | 11.18% | 12.62% | 15.22% |
| Effective Tax Rate | 60.05% | 36.42% | 30.64% | 30.68% | 15.29% | 15.15% |
| Advertising Expenses | 1.63M | 1.73M | 1.78M | 1.88M | 1.99M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 123.96M | 124.15M | 18.01M | 11.14M | 21.88M | 70.20M |
| Short-Term Investments | 30.00M | 30.00M | 37.10M | 50.76M | ||
| Cash & Short-Term Investments | 123.96M | 124.15M | 48.01M | 41.14M | 58.98M | 120.97M |
| Accounts Receivable | 961.95M | 921.05M | 863.35M | 841.56M | 779.49M | 676.12M |
| Receivables | 961.95M | 921.05M | 863.35M | 841.56M | 779.49M | 676.12M |
| Inventory | 718.05M | 705.77M | 686.69M | 651.22M | 609.01M | 551.03M |
| Other Current Assets | 516.28M | 492.94M | 467.39M | 437.26M | 399.72M | 556.91M |
| Total Current Assets | 2.32B | 2.24B | 2.07B | 1.97B | 1.85B | 1.91B |
| Property, Plant & Equipment | 1.34B | 1.37B | 1.43B | 1.50B | 1.57B | 1.38B |
| Other Long-Term Assets | 1.00 | |||||
| Total Assets | 3.66B | 3.61B | 3.49B | 3.47B | 3.42B | 3.28B |
| Accounts Payable | 9.03M | 9.13M | 9.46M | 10.03M | 12.98M | 12.34M |
| Accrued Expenses | 16.07M | 212.01M | 142.24M | 118.19M | 83.83M | 29.74M |
| Short-Term Debt | 32.49M | 32.49M | 32.49M | 41.24M | 55.30M | 69.23M |
| Current Portion of Long-Term Debt | 98.51M | 98.51M | 98.51M | 98.51M | 98.51M | 98.51M |
| Current Income Taxes Payable | 207.54M | 203.96M | 195.46M | 185.95M | 175.93M | 171.73M |
| Other Current Liabilities | 286.91M | 58.92M | 34.39M | 16.83M | ||
| Total Current Liabilities | 650.56M | 615.02M | 512.54M | 470.75M | 426.55M | 381.54M |
| Long-Term Debt | 421.79M | 341.57M | 341.57M | 380.32M | 408.86M | 416.16M |
| Long-Term Leases | 80.21M | 80.21M | 84.00M | 95.45M | 101.65M | |
| Long-Term Deferred Tax Liabilities | 84.22M | 82.56M | 78.07M | 72.13M | 64.42M | 53.69M |
| Other Long-Term Liabilities | 1.00 | 1.00 | ||||
| Total Liabilities | 1.16B | 1.12B | 1.01B | 1.01B | 995.28M | 953.05M |
| Common Stock | 1.84B | 1.84B | 1.84B | 1.82B | 1.65B | 1.45B |
| Retained Earnings | 525.95M | 515.32M | 505.46M | 501.22M | 626.34M | 740.83M |
| Comprehensive Income & Other | 141.32M | 141.32M | 141.32M | 141.32M | 141.32M | 140.29M |
| Shareholders' Equity | 2.50B | 2.49B | 2.48B | 2.46B | 2.42B | 2.33B |
| Total Liabilities & Equity | 3.66B | 3.61B | 3.49B | 3.47B | 3.42B | 3.28B |
| Total Debt | 552.79M | 552.79M | 552.79M | 604.08M | 658.13M | 685.55M |
| Net Cash (Debt) | -428.83M | -428.64M | -504.78M | -562.94M | -599.15M | -564.58M |
| Net Cash Per Share | -2.38 | -2.34 | -2.75 | -3.07 | -3.26 | -3.08 |
| Filing Date Shares Outstanding | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M |
| Total Common Shares Outstanding | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M | 183.55M |
| Working Capital | 1.67B | 1.63B | 1.55B | 1.50B | 1.42B | 1.52B |
| Book Value Per Share | 13.64 | 13.58 | 13.52 | 13.40 | 13.18 | 12.70 |
| Tangible Book Value | 2.50B | 2.49B | 2.48B | 2.46B | 2.42B | 2.33B |
| Tangible Book Value Per Share | 13.64 | 13.58 | 13.52 | 13.40 | 13.18 | 12.70 |
| Land | 39.33M | 39.33M | 148.31M | 148.31M | 148.31M | |
| Buildings | 963.24M | 963.24M | 963.24M | 962.93M | 559.96M | |
| Machinery | 1.17B | 1.17B | 1.17B | 1.17B | 958.08M | |
| Construction In Progress | 357.94M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Net Income | 7.58M | 22.69M | 34.95M | 40.09M | 88.40M | 214.05M |
| Depreciation & Amortization | 61.62M | 61.62M | 66.68M | 72.25M | 66.11M | 46.62M |
| Other Operating Activities | 13.28M | 13.00M | 7.40M | 12.28M | 9.68M | 31.29M |
| Change in Accounts Receivable | -39.28M | -39.28M | -4.52M | -45.23M | -103.38M | -16.76M |
| Change in Inventory | -19.08M | -19.08M | -35.47M | -42.21M | -57.98M | -21.75M |
| Change in Accounts Payable | -332.07K | -332.07K | -568.33K | -2.96M | 643.57K | -802.46K |
| Change in Other Net Operating Assets | 44.23M | 44.23M | 1.95M | 1.99M | 26.05M | -9.14M |
| Operating Cash Flow | 68.02M | 82.85M | 70.42M | 36.21M | 29.52M | 243.51M |
| Capital Expenditures | -613.52M | -247.99M | ||||
| Investment in Securities | 30.00M | 30.00M | 7.10M | 13.66M | 12.93M | |
| Other Investing Activities | 549.44M | |||||
| Investing Cash Flow | 30.00M | 30.00M | 7.10M | -50.42M | -235.06M | |
| Long-Term Debt Issued | 4.83M | |||||
| Total Debt Issued | 4.83M | |||||
| Short-Term Debt Repaid | -8.75M | -14.06M | -13.93M | -4.54M | ||
| Long-Term Debt Repaid | -42.54M | -39.99M | -13.49M | |||
| Total Debt Repaid | 13.81M | -51.29M | -54.05M | -27.42M | -4.54M | |
| Net Debt Issued (Repaid) | 13.81M | -51.29M | -54.05M | -27.42M | 289.53K | |
| Common Dividends Paid | -7.87M | -6.71M | -12.26M | |||
| Other Financing Activities | -1.00 | |||||
| Financing Cash Flow | 5.94M | -6.71M | -63.55M | -54.05M | -27.42M | 289.53K |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | ||||
| Net Cash Flow | 103.96M | 106.14M | 6.87M | -10.74M | -48.32M | 8.74M |
| Free Cash Flow | 68.02M | 82.85M | 70.42M | 36.21M | -584.00M | -4.48M |
| Free Cash Flow Margin | 5.46% | 5.86% | 4.46% | 2.17% | -30.07% | -0.20% |
| Free Cash Flow Per Share | 0.38 | 0.45 | 0.38 | 0.20 | -3.18 | -0.02 |
| Levered Free Cash Flow | 75.09M | 82.75M | 59.98M | 23.42M | -428.58M | -61.20M |
| Unlevered Free Cash Flow | 105.37M | 123.40M | 135.70M | 105.20M | -339.47M | -256.33K |
| Cash Interest Paid | 1.02M | 101.87M | 103.90M | 95.31M | 98.83M | |
| Cash Income Tax Paid | 8.33M | 5.46M | 6.27M | 6.93M | ||
| Change in Working Capital | -14.46M | -14.46M | -38.61M | -88.41M | -134.67M | -48.45M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 881.04M | 1.91B | 2.20B | 2.40B | 1.40B | 2.43B |
| Enterprise Value | 2.39B | 2.73B | 2.96B | 1.98B | 2.98B | |
| Last Close Price | 4.80 | 10.32 | 11.80 | 12.74 | 7.46 | 12.94 |
| PE Ratio | 114.11 | 84.14 | 63.02 | 59.84 | 15.88 | 11.38 |
| PS Ratio | 0.71 | 1.35 | 1.39 | 1.44 | 0.72 | 1.07 |
| PB Ratio | 0.35 | 0.77 | 0.89 | 0.97 | 0.58 | 1.04 |
| P/TBV Ratio | 0.35 | 0.77 | 0.89 | 0.97 | 0.58 | 1.04 |
| P/FCF Ratio | 12.95 | 23.04 | 31.28 | 66.25 | ||
| P/OCF Ratio | 12.95 | 23.04 | 31.28 | 66.25 | 47.57 | 10.00 |
| EV/Sales Ratio | 1.69 | 1.73 | 1.78 | 1.02 | 1.31 | |
| EV/EBITDA Ratio | 14.90 | 11.56 | 11.45 | 6.37 | 7.57 | |
| EV/EBIT Ratio | 24.21 | 16.11 | 15.89 | 8.09 | 8.58 | |
| EV/FCF Ratio | 28.81 | 38.76 | 81.78 | |||
| Debt / Equity Ratio | 0.22 | 0.22 | 0.22 | 0.25 | 0.27 | 0.29 |
| Debt / EBITDA Ratio | 4.40 | 3.45 | 2.34 | 2.34 | 2.11 | 1.74 |
| Debt / FCF Ratio | 8.13 | 6.67 | 7.85 | 16.68 | ||
| Net Debt / Equity Ratio | 0.17 | 0.17 | 0.20 | 0.23 | 0.25 | 0.24 |
| Net Debt / EBITDA Ratio | 3.41 | 2.68 | 2.14 | 2.18 | 1.93 | 1.43 |
| Net Debt / FCF Ratio | 6.30 | 5.17 | 7.17 | 15.55 | -1.03 | -126.04 |
| Asset Turnover | 0.35 | 0.40 | 0.45 | 0.48 | 0.58 | 0.72 |
| Inventory Turnover | 1.60 | 1.81 | 2.03 | 2.26 | 2.85 | 3.51 |
| Quick Ratio | 1.67 | 1.70 | 1.78 | 1.88 | 1.97 | 2.09 |
| Current Ratio | 3.57 | 3.65 | 4.03 | 4.19 | 4.33 | 4.99 |
| Return on Equity (ROE) | 0.30% | 0.91% | 1.41% | 1.64% | 3.72% | 9.63% |
| Return on Assets (ROA) | 1.16% | 1.73% | 3.04% | 3.38% | 4.57% | 6.87% |
| Return on Invested Capital (ROIC) | 0.91% | 2.12% | 3.91% | 4.28% | 7.02% | 10.58% |
| Return on Capital Employed (ROCE) | 2.20% | 3.30% | 5.70% | 6.20% | 8.20% | 12.00% |
| Earnings Yield | 0.88% | 1.19% | 1.59% | 1.67% | 6.30% | 8.79% |
| FCF Yield | 7.72% | 4.34% | 3.20% | 1.51% | -41.59% | -0.18% |
| Dividend Yield | 2.08% | 0.96% | 0.83% | 0.76% | ||
| Payout Ratio | 103.88% | 29.57% | 35.07% | |||
| Total Shareholder Return | 3.27% | 0.96% | 0.83% | 0.76% |