DSE : SALVO
Salvo Organic Industries PLC. — Financial statements
Bangladesh
Last price 28.2 BDT (At close: Oct 29, 2026) · Market cap 1.83B
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Financial statements
Salvo Organic Industries PLC. (SALVO) reported revenue of 3.03B 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 | 3.03B | 2.72B | 2.23B | 1.61B | 1.28B | 655.40M |
| Cost of Revenue | 2.68B | 2.40B | 1.94B | 1.25B | 943.08M | 541.52M |
| Gross Profit | 344.04M | 310.75M | 287.76M | 355.63M | 341.26M | 113.88M |
| Selling, General & Admin | 109.70M | 104.02M | 85.43M | 84.46M | 62.98M | 42.66M |
| Operating Expenses | 109.70M | 104.02M | 85.43M | 84.46M | 62.98M | 42.66M |
| Operating Income | 234.35M | 206.73M | 202.33M | 271.16M | 278.29M | 71.22M |
| Interest Expense | -105.27M | -122.10M | -96.75M | -86.64M | -80.47M | -63.57M |
| Interest & Investment Income | 222.60K | 1.10M | 67.71K | 587.73K | 3.27M | 1.42M |
| Other Non Operating Income (Expenses) | 11.98M | 11.98M | 9.52M | -1.00 | 1.00 | 4.53M |
| EBT Excluding Unusual Items | 141.28M | 97.70M | 115.17M | 185.11M | 201.10M | 13.60M |
| Gain (Loss) on Sale of Investments | -53.17M | -39.24M | 20.76M | 1.89M | 12.62M | |
| Other Unusual Items | -530.83K | 7.27M | 6.22M | |||
| Pretax Income | 87.57M | 58.46M | 135.93M | 194.27M | 219.94M | 13.60M |
| Income Tax Expense | 46.14M | 20.56M | 27.99M | 97.66M | 90.91M | -8.41M |
| Net Income | 41.43M | 37.90M | 107.94M | 96.61M | 129.03M | 22.00M |
| Net Income to Common | 41.43M | 37.90M | 107.94M | 96.61M | 129.03M | 22.00M |
| Shares Outstanding (Basic) | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M |
| Shares Outstanding (Diluted) | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M |
| EPS (Basic) | 0.64 | 0.58 | 1.66 | 1.49 | 1.98 | 0.34 |
| EPS (Diluted) | 0.64 | 0.58 | 1.66 | 1.49 | 1.98 | 0.34 |
| Free Cash Flow | 62.50M | 94.26M | 144.81M | -40.64M | 1.32M | -590.00M |
| Free Cash Flow Per Share | 0.96 | 1.45 | 2.23 | -0.62 | 0.02 | -9.07 |
| Dividend Per Share | 0.25 | 0.25 | 0.25 | 0.50 | 1.00 | 0.20 |
| Gross Margin | 11.37% | 11.45% | 12.90% | 22.10% | 26.57% | 17.38% |
| Operating Margin | 7.75% | 7.61% | 9.07% | 16.85% | 21.67% | 10.87% |
| Profit Margin | 1.37% | 1.40% | 4.84% | 6.00% | 10.05% | 3.36% |
| Free Cash Flow Margin | 2.07% | 3.47% | 6.49% | -2.53% | 0.10% | -90.02% |
| EBITDA | 356.82M | 328.38M | 322.22M | 391.56M | 400.52M | 149.54M |
| EBITDA Margin | 11.79% | 12.10% | 14.44% | 24.34% | 31.19% | 22.82% |
| D&A For EBITDA | 122.47M | 121.66M | 119.89M | 120.40M | 122.23M | 78.32M |
| EBIT | 234.35M | 206.73M | 202.33M | 271.16M | 278.29M | 71.22M |
| EBIT Margin | 7.75% | 7.61% | 9.07% | 16.85% | 21.67% | 10.87% |
| Effective Tax Rate | 52.69% | 35.17% | 20.59% | 50.27% | 41.33% | |
| Advertising Expenses | 7.90M | 6.75M | 7.89M | 4.10M | 1.87M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.32M | 15.71M | 35.30M | 61.42M | 49.28M | 23.64M |
| Short-Term Investments | 7.90M | 15.42M | 88.98M | 47.43M | 42.48M | |
| Cash & Short-Term Investments | 42.23M | 31.13M | 124.28M | 108.85M | 91.76M | 23.64M |
| Accounts Receivable | 116.43M | 98.33M | 82.28M | 137.22M | 125.55M | 74.10M |
| Other Receivables | 9.93M | 11.74M | 9.88M | 42.12M | 29.16M | 27.89M |
| Receivables | 135.39M | 119.03M | 97.56M | 184.43M | 159.89M | 106.17M |
| Inventory | 187.49M | 231.57M | 185.20M | 145.28M | 75.45M | 147.66M |
| Other Current Assets | 201.54M | 221.72M | 204.35M | 151.38M | 168.67M | 114.49M |
| Total Current Assets | 566.64M | 603.45M | 611.39M | 589.93M | 495.76M | 391.96M |
| Property, Plant & Equipment | 2.28B | 2.26B | 2.10B | 2.01B | 1.76B | 1.59B |
| Other Intangible Assets | 7.12K | 7.70K | 8.55K | 9.51K | 10.56K | 11.73K |
| Total Assets | 2.85B | 2.86B | 2.71B | 2.60B | 2.25B | 1.98B |
| Accounts Payable | 456.94M | 555.56M | 240.71M | 126.72M | 51.58M | 81.11M |
| Accrued Expenses | 68.06M | 63.44M | 63.68M | 57.84M | 50.34M | 38.17M |
| Short-Term Debt | 468.01M | 338.21M | 421.99M | 472.06M | 316.35M | 237.89M |
| Current Portion of Long-Term Debt | 154.28M | 154.28M | 154.28M | 154.28M | 82.47M | 105.05M |
| Current Income Taxes Payable | 189.15M | 147.03M | 160.72M | 121.08M | 85.52M | 53.49M |
| Other Current Liabilities | 6.26M | 4.70M | 5.70M | 22.06M | 18.01M | 15.97M |
| Total Current Liabilities | 1.34B | 1.26B | 1.05B | 954.04M | 604.26M | 531.68M |
| Long-Term Debt | 287.88M | 382.55M | 464.32M | 522.31M | 605.19M | 587.74M |
| Long-Term Deferred Tax Liabilities | 129.36M | 136.56M | 146.53M | 158.18M | 96.08M | 37.20M |
| Total Liabilities | 1.76B | 1.78B | 1.66B | 1.63B | 1.31B | 1.16B |
| Common Stock | 650.23M | 650.23M | 650.23M | 650.23M | 650.23M | 650.23M |
| Retained Earnings | 440.22M | 427.69M | 403.40M | 319.78M | 291.23M | 175.20M |
| Comprehensive Income & Other | -3.38M | -354.52K | 2.65M | 6.48M | ||
| Shareholders' Equity | 1.09B | 1.08B | 1.06B | 970.01M | 947.93M | 825.43M |
| Total Liabilities & Equity | 2.85B | 2.86B | 2.71B | 2.60B | 2.25B | 1.98B |
| Total Debt | 910.17M | 875.03M | 1.04B | 1.15B | 1.00B | 930.68M |
| Net Cash (Debt) | -867.94M | -843.90M | -916.30M | -1.04B | -912.25M | -907.04M |
| Net Cash Per Share | -13.35 | -12.98 | -14.09 | -15.99 | -14.03 | -13.95 |
| Filing Date Shares Outstanding | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M |
| Total Common Shares Outstanding | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M | 65.02M |
| Working Capital | -776.05M | -659.76M | -435.70M | -364.10M | -108.50M | -139.72M |
| Book Value Per Share | 16.72 | 16.57 | 16.24 | 14.92 | 14.58 | 12.69 |
| Tangible Book Value | 1.09B | 1.08B | 1.06B | 970.00M | 947.92M | 825.42M |
| Tangible Book Value Per Share | 16.72 | 16.57 | 16.24 | 14.92 | 14.58 | 12.69 |
| Land | 203.20M | 192.28M | 184.95M | 148.18M | 115.64M | 113.90M |
| Buildings | 534.15M | 495.18M | 452.76M | 434.25M | 303.97M | 303.69M |
| Machinery | 1.91B | 1.87B | 1.75B | 1.70B | 1.59B | 1.58B |
| Construction In Progress | 740.22M | 716.05M | 616.81M | 511.24M | 408.51M | 126.63M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 41.43M | 37.90M | 107.94M | 96.61M | 129.03M | 22.00M |
| Depreciation & Amortization | 122.47M | 121.66M | 119.89M | 120.40M | 122.23M | 78.32M |
| Other Amortization | 1.43K | 855.00 | 951.00 | 1.06K | 1.17K | 1.30K |
| Other Operating Activities | -9.61M | -9.97M | -9.39M | 70.98M | 66.54M | -21.53M |
| Change in Accounts Receivable | 41.67M | -21.48M | 86.87M | -22.21M | -56.05M | -10.47M |
| Change in Inventory | -72.40M | -46.37M | -39.92M | -69.83M | 72.21M | -16.90M |
| Change in Accounts Payable | 125.89M | 319.21M | 93.16M | 91.85M | -27.53M | 32.13M |
| Change in Other Net Operating Assets | 25.11M | -31.43M | -5.63M | 48.85M | -15.26M | -15.36M |
| Operating Cash Flow | 274.56M | 369.53M | 352.92M | 336.64M | 291.17M | 68.20M |
| Capital Expenditures | -212.05M | -275.27M | -208.11M | -377.29M | -289.85M | -658.20M |
| Investment in Securities | 84.76M | 73.56M | -41.55M | -4.95M | -42.48M | |
| Other Investing Activities | -385.57K | -354.52K | 2.65M | -9.51M | 6.48M | 452.18M |
| Investing Cash Flow | -127.68M | -202.06M | -247.01M | -391.75M | -325.85M | -206.02M |
| Short-Term Debt Issued | 21.71M | 215.15M | 55.88M | |||
| Long-Term Debt Issued | 17.45M | 152.44M | ||||
| Total Debt Issued | 95.32M | 21.71M | 215.15M | 73.33M | 152.44M | |
| Short-Term Debt Repaid | -89.02M | -71.43M | -7.97M | |||
| Long-Term Debt Repaid | -81.77M | -57.99M | -82.88M | |||
| Total Debt Repaid | -217.81M | -170.80M | -129.41M | -82.88M | -7.97M | |
| Net Debt Issued (Repaid) | -122.50M | -170.80M | -107.70M | 132.27M | 73.33M | 144.47M |
| Common Dividends Paid | -16.26M | -16.26M | -24.32M | -65.02M | -13.00M | -5.86M |
| Financing Cash Flow | -138.75M | -187.05M | -132.03M | 67.24M | 60.32M | 138.61M |
| Net Cash Flow | 8.13M | -19.59M | -26.11M | 12.14M | 25.64M | 783.70K |
| Free Cash Flow | 62.50M | 94.26M | 144.81M | -40.64M | 1.32M | -590.00M |
| Free Cash Flow Margin | 2.07% | 3.47% | 6.49% | -2.53% | 0.10% | -90.02% |
| Free Cash Flow Per Share | 0.96 | 1.45 | 2.23 | -0.62 | 0.02 | -9.07 |
| Levered Free Cash Flow | 78.50M | 113.98M | 114.87M | -96.39M | -62.96M | -590.30M |
| Unlevered Free Cash Flow | 144.29M | 190.29M | 175.33M | -42.24M | -12.67M | -550.57M |
| Cash Interest Paid | 105.27M | 122.10M | 96.75M | 86.64M | 80.47M | 63.57M |
| Cash Income Tax Paid | 55.76M | 30.53M | 37.38M | 26.68M | 24.37M | 13.12M |
| Change in Working Capital | 120.27M | 219.94M | 134.49M | 48.66M | -26.63M | -10.60M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.83B | 1.26B | 2.72B | 4.02B | 4.42B | 2.17B |
| Enterprise Value | 2.70B | 2.14B | 3.64B | 4.90B | 5.31B | 3.02B |
| Last Close Price | 28.20 | 19.26 | 41.05 | 60.21 | 65.08 | 31.89 |
| PE Ratio | 37.60 | 33.29 | 25.18 | 41.59 | 34.22 | 98.70 |
| PS Ratio | 0.59 | 0.47 | 1.22 | 2.50 | 3.44 | 3.31 |
| PB Ratio | 1.66 | 1.17 | 2.57 | 4.14 | 4.66 | 2.63 |
| P/TBV Ratio | 1.66 | 1.17 | 2.57 | 4.14 | 4.66 | 2.63 |
| P/FCF Ratio | 7.61 | 13.38 | 18.77 | 3,353.92 | ||
| P/OCF Ratio | 4.99 | 3.41 | 7.70 | 11.94 | 15.16 | 31.84 |
| EV/Sales Ratio | 0.87 | 0.79 | 1.63 | 3.04 | 4.14 | 4.61 |
| EV/EBITDA Ratio | 9.12 | 6.52 | 11.29 | 12.51 | 13.27 | 20.20 |
| EV/EBIT Ratio | 15.25 | 10.36 | 17.97 | 18.06 | 19.10 | 42.42 |
| EV/FCF Ratio | 11.21 | 22.73 | 25.11 | 4,037.32 | ||
| Debt / Equity Ratio | 0.84 | 0.81 | 0.98 | 1.18 | 1.06 | 1.13 |
| Debt / EBITDA Ratio | 2.55 | 2.66 | 3.23 | 2.93 | 2.51 | 6.22 |
| Debt / FCF Ratio | 14.56 | 9.28 | 7.19 | 762.70 | ||
| Net Debt / Equity Ratio | 0.80 | 0.78 | 0.87 | 1.07 | 0.96 | 1.10 |
| Net Debt / EBITDA Ratio | 2.43 | 2.57 | 2.84 | 2.66 | 2.28 | 6.07 |
| Net Debt / FCF Ratio | 13.89 | 8.95 | 6.33 | -25.58 | 693.00 | -1.54 |
| Asset Turnover | 1.07 | 0.97 | 0.84 | 0.66 | 0.61 | 0.35 |
| Inventory Turnover | 17.72 | 11.54 | 11.76 | 11.36 | 8.45 | 3.89 |
| Quick Ratio | 0.13 | 0.11 | 0.21 | 0.30 | 0.41 | 0.24 |
| Current Ratio | 0.42 | 0.48 | 0.58 | 0.62 | 0.82 | 0.74 |
| Return on Equity (ROE) | 3.85% | 3.55% | 10.65% | 10.07% | 14.55% | 2.69% |
| Return on Assets (ROA) | 5.18% | 4.64% | 4.75% | 6.98% | 8.21% | 2.36% |
| Return on Invested Capital (ROIC) | 5.69% | 6.88% | 8.07% | 6.97% | 9.09% | 4.31% |
| Return on Capital Employed (ROCE) | 15.60% | 12.90% | 12.10% | 16.40% | 16.90% | 4.90% |
| Earnings Yield | 2.66% | 3.00% | 3.97% | 2.40% | 2.92% | 1.01% |
| FCF Yield | 13.14% | 7.47% | 5.33% | -1.01% | 0.03% | -27.17% |
| Dividend Yield | 0.89% | 1.29% | 0.60% | 0.81% | 1.47% | 0.60% |
| Payout Ratio | 31.79% | 42.90% | 22.54% | 67.31% | 10.08% | 26.65% |
| Total Shareholder Return | 0.89% | 1.29% | 0.60% | 0.81% | 1.47% | 0.60% |