DSE : RINGSHINE
Ring Shine Textiles Limited — Financial statements
Textile Mill Products · Bangladesh
Last price 3.4 BDT (At close: Oct 29, 2026) · Market cap 1.70B
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Financial statements
Ring Shine Textiles Limited (RINGSHINE) reported revenue of 3.06B BDT (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | 3.06B | 1.57B | 2.78B | 2.86B | 908.08M | 6.38B |
| Cost of Revenue | 3.29B | 2.08B | 3.11B | 3.03B | 1.60B | 5.81B |
| Gross Profit | -233.42M | -506.50M | -327.99M | -169.35M | -691.44M | 566.80M |
| Selling, General & Admin | 192.25M | 136.04M | 151.10M | 106.92M | 102.99M | 134.00M |
| Operating Expenses | 192.25M | 136.04M | 151.10M | 106.92M | 102.99M | 134.00M |
| Operating Income | -425.67M | -642.54M | -479.09M | -276.27M | -794.42M | 432.80M |
| Interest Expense | -435.57M | -435.57M | -311.95M | -290.38M | -281.36M | -252.90M |
| Interest & Investment Income | 3.05M | 3.05M | 32.05M | 7.43M | 22.73M | 10.43M |
| Currency Exchange Gain (Loss) | -457.27M | -457.27M | -501.32M | -216.53M | 4.22M | 1.42M |
| Other Non Operating Income (Expenses) | -237.55M | -8.76M | -10.33M | -6.50M | -6.34M | -30.67M |
| Pretax Income | -1.55B | -1.54B | -1.27B | -782.25M | -1.06B | 161.09M |
| Income Tax Expense | -3.42M | -8.23M | -5.76M | -9.64M | -168.52M | 26.49M |
| Net Income | -1.55B | -1.53B | -1.26B | -772.62M | -886.66M | 134.60M |
| Net Income to Common | -1.55B | -1.53B | -1.26B | -772.62M | -886.66M | 134.60M |
| Shares Outstanding (Basic) | 500.85M | 500.31M | 500.31M | 500.31M | 505.32M | 464.13M |
| Shares Outstanding (Diluted) | 500.85M | 500.31M | 500.31M | 500.31M | 505.32M | 464.13M |
| EPS (Basic) | -3.09 | -3.06 | -2.53 | -1.54 | -1.75 | 0.29 |
| EPS (Diluted) | -3.09 | -3.06 | -2.53 | -1.54 | -1.75 | 0.29 |
| Free Cash Flow | -886.46M | -780.30M | -538.41M | -327.05M | 157.36M | -520.88M |
| Free Cash Flow Per Share | -1.77 | -1.56 | -1.08 | -0.65 | 0.31 | -1.12 |
| Dividend Per Share | 0.10 | |||||
| Gross Margin | -7.63% | -32.19% | -11.80% | -5.92% | -76.14% | 8.88% |
| Operating Margin | -13.92% | -40.84% | -17.23% | -9.66% | -87.48% | 6.78% |
| Profit Margin | -50.67% | -97.42% | -45.50% | -27.02% | -97.64% | 2.11% |
| Free Cash Flow Margin | -28.99% | -49.59% | -19.37% | -11.44% | 17.33% | -8.16% |
| EBITDA | -381.37M | -478.49M | -247.70M | -10.90M | -529.37M | 881.86M |
| EBITDA Margin | -12.47% | -30.41% | -8.91% | -0.38% | -58.30% | 13.82% |
| D&A For EBITDA | 44.30M | 164.05M | 231.39M | 265.37M | 265.05M | 449.05M |
| EBIT | -425.67M | -642.54M | -479.09M | -276.27M | -794.42M | 432.80M |
| EBIT Margin | -13.92% | -40.84% | -17.23% | -9.66% | -87.48% | 6.78% |
| Effective Tax Rate | 16.45% | |||||
| Advertising Expenses | 50.00K | 6.36K | 3.16M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 386.29M | 382.27M | 380.12M | 521.29M | 814.27M | 1.11B |
| Cash & Short-Term Investments | 386.29M | 382.27M | 380.12M | 521.29M | 814.27M | 1.11B |
| Accounts Receivable | 1.23B | 744.04M | 974.15M | 862.26M | 382.27M | 2.46B |
| Other Receivables | 50.37M | 49.32M | 22.61M | 17.91M | ||
| Receivables | 1.23B | 794.41M | 1.02B | 884.87M | 400.18M | 2.46B |
| Inventory | 1.49B | 1.39B | 1.51B | 1.44B | 844.66M | 3.93B |
| Prepaid Expenses | 1.27M | 1.31M | 1.34M | 1.03M | 1.74M | |
| Other Current Assets | 362.38M | 336.25M | 311.54M | 277.69M | 192.82M | 199.35M |
| Total Current Assets | 3.47B | 2.90B | 3.23B | 3.13B | 2.25B | 7.71B |
| Property, Plant & Equipment | 1.53B | 1.64B | 1.81B | 2.07B | 2.23B | 5.65B |
| Long-Term Investments | 61.64M | 55.07M | 52.53M | |||
| Other Long-Term Assets | 60.37M | 72.13M | 67.20M | |||
| Total Assets | 5.06B | 4.61B | 5.11B | 5.26B | 4.53B | 13.41B |
| Accounts Payable | 2.85B | 627.46M | 1.26B | 1.20B | 471.89M | 105.95M |
| Accrued Expenses | 303.86M | 1.82B | 1.37B | 1.21B | 931.82M | 156.69M |
| Short-Term Debt | 2.77B | 1.70B | 1.51B | 2.11B | 3.29B | 3.75B |
| Current Portion of Long-Term Debt | 904.55M | 702.32M | 447.64M | 478.96M | ||
| Current Income Taxes Payable | 209.17M | 197.29M | 186.45M | 170.22M | 155.85M | 145.45M |
| Other Current Liabilities | 5.12M | |||||
| Total Current Liabilities | 7.04B | 5.04B | 4.77B | 5.17B | 4.85B | 4.16B |
| Long-Term Debt | 2.95B | 3.29B | 2.50B | 968.85M | ||
| Long-Term Leases | 122.91M | 116.62M | 128.82M | 148.92M | 53.63M | |
| Long-Term Deferred Tax Liabilities | 167.67M | 180.77M | 199.84M | 221.84M | 368.76M | 547.68M |
| Other Long-Term Liabilities | -1.00 | |||||
| Total Liabilities | 10.27B | 8.63B | 7.60B | 6.51B | 5.27B | 4.71B |
| Common Stock | 5.00B | 5.00B | 5.00B | 5.00B | 5.05B | 5.00B |
| Retained Earnings | -10.22B | -9.02B | -7.49B | -6.25B | -5.79B | 3.70B |
| Shareholders' Equity | -5.21B | -4.02B | -2.49B | -1.25B | -738.67M | 8.70B |
| Total Liabilities & Equity | 5.06B | 4.61B | 5.11B | 5.26B | 4.53B | 13.41B |
| Total Debt | 6.75B | 5.80B | 4.59B | 3.70B | 3.34B | 3.75B |
| Net Cash (Debt) | -6.36B | -5.42B | -4.21B | -3.18B | -2.53B | -2.64B |
| Net Cash Per Share | -12.70 | -10.83 | -8.41 | -6.36 | -5.01 | -5.68 |
| Filing Date Shares Outstanding | 500.31M | 500.31M | 500.31M | 500.31M | 505.32M | 500.31M |
| Total Common Shares Outstanding | 500.31M | 500.31M | 500.31M | 500.31M | 505.32M | 500.31M |
| Working Capital | -3.57B | -2.14B | -1.54B | -2.04B | -2.60B | 3.54B |
| Book Value Per Share | -10.42 | -8.03 | -4.97 | -2.50 | -1.46 | 17.39 |
| Tangible Book Value | -5.21B | -4.02B | -2.49B | -1.25B | -738.67M | 8.70B |
| Tangible Book Value Per Share | -10.42 | -8.03 | -4.97 | -2.50 | -1.46 | 17.39 |
| Buildings | 1.09B | 1.09B | 1.09B | 1.09B | ||
| Machinery | 1.03B | 1.03B | 1.02B | 1.02B | ||
| Leasehold Improvements | 70.29M | 70.29M | 70.29M | 70.29M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | -1.55B | -1.53B | -1.26B | -772.62M | -886.66M | 134.60M |
| Depreciation & Amortization | 183.56M | 183.56M | 250.94M | 284.42M | 270.96M | 449.05M |
| Other Operating Activities | 506.72M | 578.89M | 476.29M | 163.29M | 773.06M | -963.51M |
| Operating Cash Flow | -859.31M | -770.41M | -537.65M | -324.91M | 157.36M | -379.85M |
| Capital Expenditures | -27.15M | -9.89M | -759.00K | -2.14M | -141.02M | |
| Investment in Securities | 11.76M | 11.76M | -4.93M | -12.13M | -2.54M | 22.73M |
| Investing Cash Flow | -28.78M | 1.88M | -5.69M | -14.27M | -2.54M | -118.29M |
| Short-Term Debt Issued | 429.30M | 415.71M | 101.00M | 186.10M | 52.30M | |
| Long-Term Debt Issued | 1.04B | 1.50B | 1.45B | |||
| Total Debt Issued | 1.33B | 1.47B | 1.91B | 1.55B | 186.10M | 52.30M |
| Short-Term Debt Repaid | -245.56M | -1.01B | -1.29B | -643.69M | ||
| Total Debt Repaid | 95.07M | -245.56M | -1.01B | -1.29B | -643.69M | |
| Net Debt Issued (Repaid) | 1.42B | 1.23B | 903.49M | 262.73M | -457.59M | 52.30M |
| Issuance of Common Stock | 1.50B | |||||
| Other Financing Activities | -29.20M | |||||
| Financing Cash Flow | 1.42B | 1.23B | 903.49M | 262.73M | -457.59M | 1.52B |
| Foreign Exchange Rate Adjustments | -499.21M | -457.27M | -501.32M | -216.53M | 4.22M | 137.19K |
| Net Cash Flow | 35.48M | 2.15M | -141.17M | -292.98M | -298.56M | 1.03B |
| Free Cash Flow | -886.46M | -780.30M | -538.41M | -327.05M | 157.36M | -520.88M |
| Free Cash Flow Margin | -28.99% | -49.59% | -19.37% | -11.44% | 17.33% | -8.16% |
| Free Cash Flow Per Share | -1.77 | -1.56 | -1.08 | -0.65 | 0.31 | -1.12 |
| Levered Free Cash Flow | -313.56M | -343.94M | -259.66M | -212.16M | 5.90B | -549.59M |
| Unlevered Free Cash Flow | -41.33M | -71.71M | -64.69M | -30.68M | 6.08B | -391.53M |
| Cash Interest Paid | 622.43M | 433.84M | 811.45M | 290.38M | 281.36M | 252.90M |
| Cash Income Tax Paid | 21.99M | 19.12M | 16.24M | 14.37M | 10.40M | 50.01M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.70B | 1.85B | 4.90B | 5.10B | 5.35B | 3.20B |
| Enterprise Value | 8.06B | 6.32B | 7.97B | 7.87B | 8.12B | 7.79B |
| Last Close Price | 3.40 | 3.70 | 9.80 | 10.20 | 10.70 | 6.40 |
| PE Ratio | 23.79 | |||||
| PS Ratio | 0.56 | 1.18 | 1.76 | 1.78 | 5.89 | 0.50 |
| PB Ratio | -0.46 | -1.97 | -4.08 | -7.25 | 0.37 | |
| P/TBV Ratio | 0.37 | |||||
| P/FCF Ratio | 34.02 | |||||
| P/OCF Ratio | 34.02 | |||||
| EV/Sales Ratio | 2.64 | 4.01 | 2.87 | 2.75 | 8.94 | 1.22 |
| EV/EBITDA Ratio | 8.84 | |||||
| EV/EBIT Ratio | 18.01 | |||||
| EV/FCF Ratio | 51.59 | |||||
| Debt / Equity Ratio | -1.29 | -1.44 | -1.84 | -2.96 | -4.53 | 0.43 |
| Debt / EBITDA Ratio | 454.21 | 4.25 | ||||
| Debt / FCF Ratio | 21.25 | |||||
| Net Debt / Equity Ratio | -1.22 | -1.35 | -1.69 | -2.54 | -3.42 | 0.30 |
| Net Debt / EBITDA Ratio | -16.68 | -11.32 | -16.98 | -291.67 | -4.78 | 2.99 |
| Net Debt / FCF Ratio | -7.17 | -6.95 | -7.81 | -9.72 | 16.08 | -5.06 |
| Asset Turnover | 0.68 | 0.32 | 0.54 | 0.58 | 0.10 | 0.49 |
| Inventory Turnover | 2.49 | 1.43 | 2.10 | 2.65 | 0.67 | 1.66 |
| Quick Ratio | 0.23 | 0.23 | 0.29 | 0.27 | 0.25 | 0.86 |
| Current Ratio | 0.49 | 0.58 | 0.68 | 0.60 | 0.47 | 1.85 |
| Return on Equity (ROE) | -22.27% | 1.70% | ||||
| Return on Assets (ROA) | -5.87% | -8.26% | -5.77% | -3.53% | -5.53% | 2.08% |
| Return on Invested Capital (ROIC) | -223.24% | -14.42% | 3.28% | |||
| Return on Capital Employed (ROCE) | 21.50% | 147.80% | -140.90% | -309.60% | 251.20% | 4.70% |
| Earnings Yield | -91.00% | -82.81% | -25.80% | -15.14% | -16.56% | 4.20% |
| FCF Yield | -52.11% | -42.15% | -10.98% | -6.41% | 2.94% | -16.27% |
| Dividend Yield | 2.94% | 1.56% | ||||
| Buyback Yield / Dilution | -0.26% | 0.99% | -8.87% | -62.82% | ||
| Total Shareholder Return | 2.68% | 0.99% | -8.87% | -61.26% |