DSE : SAIHAMCOT
Saiham Cotton Mills Ltd. — Financial statements
Textile Mill Products · Bangladesh
Last price 21.3 BDT (At close: Oct 29, 2026) · Market cap 3.17B
Latest research: Saiham Cotton Mills financial analysis: FY2026 EPS BDT 1.03, cash flow up, loans down to BDT 2.9bn (Oct 2026) · Saiham Cotton Mills: a 16.7m kg export spinner whose FY2026 EPS rose to BDT 1.03 while loans fell to BDT 2.9bn, on 11% gross margins and a 2.6% ROE
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Financial statements
Saiham Cotton Mills Ltd. (SAIHAMCOT) reported revenue of 5.52B 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 | 5.52B | 5.98B | 5.21B | 5.51B | 4.09B | 3.65B |
| Cost of Revenue | 4.94B | 5.34B | 4.57B | 5.03B | 3.41B | 3.17B |
| Gross Profit | 573.27M | 642.39M | 635.78M | 481.90M | 676.77M | 476.77M |
| Selling, General & Admin | 127.30M | 133.11M | 104.99M | 83.03M | 106.36M | 71.35M |
| Other Operating Expenses | 57.79K | 24.75K | 65.56K | 358.91K | 1.38M | 1.25M |
| Operating Expenses | 136.76M | 142.96M | 115.78M | 94.63M | 126.03M | 85.43M |
| Operating Income | 436.50M | 499.43M | 520.00M | 387.27M | 550.74M | 391.34M |
| Interest Expense | -286.75M | -289.95M | -296.06M | -158.95M | -131.59M | -141.01M |
| Interest & Investment Income | 41.14M | 28.56M | 22.11M | 16.95M | 21.31M | 42.05M |
| Currency Exchange Gain (Loss) | 4.56M | -29.02M | -46.93M | -174.80M | -144.97M | 2.11M |
| Other Non Operating Income (Expenses) | -9.42M | -6.81M | -12.67M | 5.66M | -9.29M | -12.84M |
| EBT Excluding Unusual Items | 186.03M | 202.19M | 186.46M | 76.13M | 286.21M | 281.65M |
| Gain (Loss) on Sale of Investments | 61.54K | -690.78K | -416.86K | -20.25K | -164.87K | 1.02M |
| Gain (Loss) on Sale of Assets | 3.00K | -234.58K | ||||
| Other Unusual Items | -168.97M | |||||
| Pretax Income | 186.10M | 201.50M | 186.04M | 76.11M | 286.04M | 113.48M |
| Income Tax Expense | 51.46M | 54.59M | 60.17M | 32.52M | 97.82M | 59.50M |
| Net Income | 134.63M | 146.91M | 125.87M | 43.59M | 188.22M | 53.98M |
| Net Income to Common | 134.63M | 146.91M | 125.87M | 43.59M | 188.22M | 53.98M |
| Shares Outstanding (Basic) | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M |
| Shares Outstanding (Diluted) | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M |
| EPS (Basic) | 0.90 | 0.99 | 0.85 | 0.29 | 1.27 | 0.36 |
| EPS (Diluted) | 0.90 | 0.99 | 0.85 | 0.29 | 1.27 | 0.36 |
| Free Cash Flow | 816.01M | 212.05M | 1.30B | -814.25M | 587.27M | -302.35M |
| Free Cash Flow Per Share | 5.49 | 1.43 | 8.73 | -5.47 | 3.95 | -2.03 |
| Dividend Per Share | 0.70 | 0.70 | 0.50 | 1.10 | 1.00 | |
| Gross Margin | 10.39% | 10.74% | 12.21% | 8.74% | 16.56% | 13.07% |
| Operating Margin | 7.91% | 8.35% | 9.99% | 7.03% | 13.48% | 10.73% |
| Profit Margin | 2.44% | 2.46% | 2.42% | 0.79% | 4.61% | 1.48% |
| Free Cash Flow Margin | 14.79% | 3.55% | 24.94% | -14.77% | 14.37% | -8.29% |
| EBITDA | 699.44M | 768.31M | 791.30M | 676.47M | 855.01M | 662.30M |
| EBITDA Margin | 12.68% | 12.85% | 15.20% | 12.27% | 20.93% | 18.15% |
| D&A For EBITDA | 262.94M | 268.89M | 271.30M | 289.20M | 304.26M | 270.96M |
| EBIT | 436.50M | 499.43M | 520.00M | 387.27M | 550.74M | 391.34M |
| EBIT Margin | 7.91% | 8.35% | 9.99% | 7.03% | 13.48% | 10.73% |
| Effective Tax Rate | 27.65% | 27.09% | 32.34% | 42.73% | 34.20% | 52.43% |
| Advertising Expenses | 238.39K | 353.78K | 448.86K | 432.98K | 319.10K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 71.84M | 31.50M | 84.07M | 26.05M | 205.49M | 89.10M |
| Cash & Short-Term Investments | 71.84M | 31.50M | 84.07M | 26.05M | 205.49M | 89.10M |
| Accounts Receivable | 1.18B | 944.50M | 652.36M | 1.65B | 695.53M | 1.48B |
| Other Receivables | 420.26M | |||||
| Receivables | 1.18B | 944.50M | 652.36M | 1.65B | 695.53M | 1.90B |
| Inventory | 4.38B | 3.54B | 3.94B | 3.48B | 1.87B | 1.37B |
| Prepaid Expenses | 869.62K | 4.24M | 4.23M | |||
| Other Current Assets | 112.20M | 65.06M | 81.17M | 83.52M | 666.41M | 210.77M |
| Total Current Assets | 5.74B | 4.59B | 4.76B | 5.25B | 3.44B | 3.57B |
| Property, Plant & Equipment | 4.84B | 5.01B | 5.13B | 5.17B | 5.43B | 5.63B |
| Long-Term Investments | 152.97M | 159.82M | 64.43M | 64.91M | 527.53M | 513.18M |
| Other Long-Term Assets | 236.19M | 489.44M | 469.36M | 461.13M | 8.20M | 7.93M |
| Total Assets | 10.96B | 10.25B | 10.43B | 10.95B | 9.40B | 9.72B |
| Accounts Payable | 1.76B | 259.14M | 778.75M | 537.16M | 13.04M | 26.01M |
| Accrued Expenses | 141.55M | 134.82M | 123.12M | 113.14M | 89.33M | 66.42M |
| Short-Term Debt | 2.80B | 3.43B | 2.93B | 3.70B | 2.35B | 2.68B |
| Current Portion of Long-Term Debt | 99.38M | 193.58M | 236.47M | 217.79M | 190.70M | 96.93M |
| Current Income Taxes Payable | 4.03M | 27.72M | 12.40M | |||
| Other Current Liabilities | 53.81M | 77.90M | 87.97M | 24.06M | 125.87M | 555.70M |
| Total Current Liabilities | 4.85B | 4.10B | 4.15B | 4.59B | 2.80B | 3.44B |
| Long-Term Debt | 39.32M | 229.79M | 425.50M | 551.26M | 319.39M | |
| Long-Term Deferred Tax Liabilities | 401.70M | 416.70M | 437.48M | 574.12M | 597.57M | 564.71M |
| Total Liabilities | 5.25B | 4.55B | 4.82B | 5.59B | 3.94B | 4.32B |
| Common Stock | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B |
| Additional Paid-In Capital | 751.75M | 751.75M | 751.75M | 751.75M | 751.75M | 751.75M |
| Retained Earnings | 1.42B | 1.35B | 1.19B | 978.91M | 998.68M | 849.94M |
| Comprehensive Income & Other | 2.05B | 2.10B | 2.17B | 2.14B | 2.22B | 2.31B |
| Shareholders' Equity | 5.71B | 5.69B | 5.61B | 5.36B | 5.46B | 5.40B |
| Total Liabilities & Equity | 10.96B | 10.25B | 10.43B | 10.95B | 9.40B | 9.72B |
| Total Debt | 2.90B | 3.66B | 3.39B | 4.34B | 3.09B | 3.10B |
| Net Cash (Debt) | -2.83B | -3.63B | -3.31B | -4.31B | -2.88B | -3.01B |
| Net Cash Per Share | -18.99 | -24.42 | -22.25 | -28.99 | -19.39 | -20.21 |
| Filing Date Shares Outstanding | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M |
| Total Common Shares Outstanding | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M | 148.78M |
| Working Capital | 888.24M | 492.26M | 610.21M | 655.99M | 640.23M | 134.63M |
| Book Value Per Share | 38.41 | 38.26 | 37.69 | 36.00 | 36.67 | 36.31 |
| Tangible Book Value | 5.71B | 5.69B | 5.61B | 5.36B | 5.46B | 5.40B |
| Tangible Book Value Per Share | 38.41 | 38.26 | 37.69 | 36.00 | 36.67 | 36.31 |
| Land | 1.14B | 1.14B | 1.14B | 1.13B | 1.12B | 1.12B |
| Buildings | 2.01B | 2.01B | 2.00B | 1.96B | 1.96B | 1.94B |
| Machinery | 4.91B | 4.90B | 4.75B | 4.55B | 4.54B | 4.47B |
| Construction In Progress | 5.75M | 2.54M | 1.48M | 18.33M | 6.40M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 134.63M | 146.91M | 125.87M | 43.59M | 188.22M | 53.98M |
| Depreciation & Amortization | 262.94M | 268.89M | 271.30M | 289.20M | 304.26M | 270.96M |
| Loss (Gain) From Sale of Assets | 234.58K | |||||
| Loss (Gain) From Sale of Investments | -280.34K | 666.62K | 554.45K | -120.24K | 718.18K | -3.97M |
| Other Operating Activities | 341.40M | 378.99M | 413.87M | 372.06M | 381.82M | -195.75M |
| Change in Accounts Receivable | -307.39M | -283.96M | 1.00B | -938.70M | 805.09M | -287.21M |
| Change in Inventory | -973.25M | 399.09M | -425.99M | -1.62B | -499.69M | 1.08B |
| Change in Accounts Payable | 1.57B | -519.60M | 241.14M | 524.12M | -12.97M | -43.41M |
| Change in Income Taxes | -59.43M | -62.77M | -75.01M | -65.42M | -34.36M | -38.96M |
| Change in Other Net Operating Assets | -1.40M | 29.00M | -26.93M | 611.11M | -441.97M | -352.06M |
| Operating Cash Flow | 963.59M | 357.22M | 1.53B | -780.87M | 691.12M | 486.68M |
| Capital Expenditures | -147.58M | -145.17M | -228.61M | -33.39M | -103.85M | -789.04M |
| Sale of Property, Plant & Equipment | 432.00K | 200.00K | ||||
| Investment in Securities | 238.15M | -116.20M | -8.37M | 9.82M | -15.42M | 8.80M |
| Other Investing Activities | 420.26M | |||||
| Investing Cash Flow | 90.57M | -261.37M | -236.98M | -23.56M | 301.42M | -780.03M |
| Short-Term Debt Issued | 482.84M | 1.25B | ||||
| Long-Term Debt Issued | 262.46M | 98.35M | ||||
| Total Debt Issued | 64.59M | 482.84M | 1.25B | 262.46M | 98.35M | |
| Short-Term Debt Repaid | -771.02M | -430.97M | -26.47M | |||
| Long-Term Debt Repaid | -247.23M | -222.07M | -192.08M | |||
| Total Debt Repaid | -839.09M | -247.23M | -993.10M | -192.08M | -430.97M | -26.47M |
| Net Debt Issued (Repaid) | -774.50M | 235.61M | -993.10M | 1.05B | -168.52M | 71.88M |
| Common Dividends Paid | -104.14M | -74.39M | -163.65M | -148.78M | ||
| Other Financing Activities | -314.20M | -309.95M | -239.06M | -265.45M | -566.79M | 251.93M |
| Financing Cash Flow | -1.19B | -148.73M | -1.23B | 624.78M | -884.09M | 323.81M |
| Foreign Exchange Rate Adjustments | 354.00K | 309.28K | 82.01K | 206.21K | 7.93M | 2.11M |
| Net Cash Flow | -138.33M | -52.57M | 58.02M | -179.44M | 116.39M | 32.57M |
| Free Cash Flow | 816.01M | 212.05M | 1.30B | -814.25M | 587.27M | -302.35M |
| Free Cash Flow Margin | 14.79% | 3.55% | 24.94% | -14.77% | 14.37% | -8.29% |
| Free Cash Flow Per Share | 5.49 | 1.43 | 8.73 | -5.47 | 3.95 | -2.03 |
| Levered Free Cash Flow | 478.39M | -140.30M | 1.04B | -1.17B | 310.67M | 34.51M |
| Unlevered Free Cash Flow | 657.61M | 40.92M | 1.22B | -1.07B | 392.91M | 122.64M |
| Cash Interest Paid | 294.50M | 295.39M | 306.77M | 163.32M | 139.03M | 151.87M |
| Cash Income Tax Paid | 59.43M | 62.77M | 75.01M | 65.42M | 34.36M | 38.96M |
| Change in Working Capital | 224.90M | -438.24M | 715.49M | -1.49B | -183.90M | 361.24M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.17B | 2.02B | 2.01B | 2.44B | 2.56B | 2.69B |
| Enterprise Value | 5.99B | 5.49B | 4.79B | 6.64B | 4.53B | 5.01B |
| Last Close Price | 21.30 | 13.07 | 12.54 | 15.24 | 14.91 | 14.77 |
| PE Ratio | 23.54 | 13.77 | 15.96 | 55.97 | 13.60 | 49.89 |
| PS Ratio | 0.57 | 0.34 | 0.39 | 0.44 | 0.63 | 0.74 |
| PB Ratio | 0.55 | 0.35 | 0.36 | 0.46 | 0.47 | 0.50 |
| P/TBV Ratio | 0.55 | 0.35 | 0.36 | 0.46 | 0.47 | 0.50 |
| P/FCF Ratio | 3.88 | 9.54 | 1.55 | 4.36 | ||
| P/OCF Ratio | 3.29 | 5.66 | 1.31 | 3.70 | 5.53 | |
| EV/Sales Ratio | 1.09 | 0.92 | 0.92 | 1.21 | 1.11 | 1.37 |
| EV/EBITDA Ratio | 8.57 | 7.15 | 6.06 | 9.82 | 5.30 | 7.57 |
| EV/EBIT Ratio | 13.73 | 11.00 | 9.22 | 17.15 | 8.22 | 12.81 |
| EV/FCF Ratio | 7.35 | 25.91 | 3.69 | 7.71 | ||
| Debt / Equity Ratio | 0.51 | 0.64 | 0.60 | 0.81 | 0.57 | 0.57 |
| Debt / EBITDA Ratio | 4.14 | 4.77 | 4.29 | 6.42 | 3.61 | 4.67 |
| Debt / FCF Ratio | 3.55 | 17.28 | 2.61 | 5.26 | ||
| Net Debt / Equity Ratio | 0.49 | 0.64 | 0.59 | 0.81 | 0.53 | 0.56 |
| Net Debt / EBITDA Ratio | 4.04 | 4.73 | 4.18 | 6.38 | 3.37 | 4.54 |
| Net Debt / FCF Ratio | 3.46 | 17.13 | 2.55 | -5.30 | 4.91 | -9.95 |
| Asset Turnover | 0.52 | 0.58 | 0.49 | 0.54 | 0.43 | 0.39 |
| Inventory Turnover | 1.28 | 1.43 | 1.23 | 1.88 | 2.11 | 1.80 |
| Quick Ratio | 0.26 | 0.24 | 0.18 | 0.37 | 0.32 | 0.58 |
| Current Ratio | 1.18 | 1.12 | 1.15 | 1.14 | 1.23 | 1.04 |
| Return on Equity (ROE) | 2.37% | 2.60% | 2.30% | 0.81% | 3.47% | 1.00% |
| Return on Assets (ROA) | 2.58% | 3.02% | 3.04% | 2.38% | 3.60% | 2.58% |
| Return on Invested Capital (ROIC) | 3.59% | 3.99% | 3.79% | 2.46% | 4.33% | 2.23% |
| Return on Capital Employed (ROCE) | 7.10% | 8.10% | 8.30% | 6.10% | 8.30% | 6.20% |
| Earnings Yield | 4.25% | 7.26% | 6.27% | 1.79% | 7.36% | 2.00% |
| FCF Yield | 25.75% | 10.48% | 64.65% | -33.37% | 22.95% | -11.23% |
| Dividend Yield | 3.29% | 5.15% | 3.70% | 6.40% | 5.53% | |
| Payout Ratio | 77.35% | 50.63% | 375.42% | 79.04% | ||
| Total Shareholder Return | 3.29% | 5.15% | 3.70% | 6.40% | 5.53% |