DSE : SQUARETEXT
Square Textiles PLC. — Financial statements
Textile Mill Products · Bangladesh
Last price 49.8 BDT (At close: Oct 29, 2026) · Market cap 9.82B
Latest research: Square Textiles financial analysis: FY2026 EPS falls to BDT 4.50 on yarn prices and interest costs (Oct 2026) · Square Textiles: 174,000 spindles at 94% utilisation, but nine-month profit fell 70% in FY2026 as yarn prices dropped and interest rose
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Financial statements
Square Textiles PLC. (SQUARETEXT) reported revenue of 23.67B 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 | 23.67B | 24.70B | 20.91B | 16.51B | 17.43B | 13.29B |
| Cost of Revenue | 21.11B | 21.41B | 18.40B | 14.49B | 14.51B | 11.86B |
| Gross Profit | 2.55B | 3.30B | 2.51B | 2.02B | 2.92B | 1.43B |
| Selling, General & Admin | 390.68M | 419.56M | 403.81M | 395.29M | 418.96M | 307.60M |
| Operating Expenses | 390.68M | 419.56M | 403.81M | 395.29M | 418.96M | 307.60M |
| Operating Income | 2.16B | 2.88B | 2.10B | 1.62B | 2.50B | 1.13B |
| Interest Expense | -1.45B | -1.35B | -758.12M | -342.72M | -250.39M | -350.24M |
| Interest & Investment Income | 12.77M | 15.28M | 498.47K | 11.07M | 23.19M | 7.76M |
| Currency Exchange Gain (Loss) | 2.76M | 15.19M | 12.88M | 48.16M | 25.72M | -21.95M |
| Other Non Operating Income (Expenses) | 102.40K | 473.20K | ||||
| EBT Excluding Unusual Items | 731.49M | 1.56B | 1.36B | 1.34B | 2.30B | 762.71M |
| Gain (Loss) on Sale of Assets | 2.64M | -4.25M | 5.95M | 846.48K | 4.26M | 256.79K |
| Other Unusual Items | 4.24M | 2.75M | 1.76M | 1.52M | 3.57M | 29.48M |
| Pretax Income | 738.37M | 1.56B | 1.37B | 1.34B | 2.31B | 792.45M |
| Income Tax Expense | 12.34M | 129.38M | 204.55M | 193.72M | 350.97M | 120.53M |
| Earnings From Continuing Operations | 726.04M | 1.43B | 1.16B | 1.15B | 1.96B | 671.92M |
| Minority Interest in Earnings | -98.27K | -179.63K | -92.17K | -85.27K | -175.80K | -57.99K |
| Net Income | 725.94M | 1.43B | 1.16B | 1.15B | 1.96B | 671.86M |
| Net Income to Common | 725.94M | 1.43B | 1.16B | 1.15B | 1.96B | 671.86M |
| Shares Outstanding (Basic) | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M |
| Shares Outstanding (Diluted) | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M |
| EPS (Basic) | 3.68 | 7.24 | 5.89 | 5.81 | 9.93 | 3.41 |
| EPS (Diluted) | 3.68 | 7.24 | 5.89 | 5.81 | 9.93 | 3.41 |
| Free Cash Flow | 1.65B | -157.68M | -4.51B | -1.72B | 1.48B | 651.89M |
| Free Cash Flow Per Share | 8.37 | -0.80 | -22.87 | -8.71 | 7.49 | 3.31 |
| Dividend Per Share | 3.20 | 3.20 | 3.20 | 3.00 | 3.50 | 2.00 |
| Gross Margin | 10.79% | 13.34% | 11.99% | 12.21% | 16.76% | 10.79% |
| Operating Margin | 9.14% | 11.64% | 10.06% | 9.81% | 14.36% | 8.48% |
| Profit Margin | 3.07% | 5.78% | 5.56% | 6.94% | 11.24% | 5.05% |
| Free Cash Flow Margin | 6.98% | -0.64% | -21.58% | -10.40% | 8.48% | 4.90% |
| EBITDA | 3.22B | 3.90B | 2.98B | 2.30B | 3.19B | 1.79B |
| EBITDA Margin | 13.60% | 15.79% | 14.24% | 13.94% | 18.31% | 13.48% |
| D&A For EBITDA | 1.05B | 1.02B | 874.05M | 681.16M | 688.63M | 664.69M |
| EBIT | 2.16B | 2.88B | 2.10B | 1.62B | 2.50B | 1.13B |
| EBIT Margin | 9.14% | 11.64% | 10.06% | 9.81% | 14.36% | 8.48% |
| Effective Tax Rate | 1.67% | 8.30% | 14.97% | 14.47% | 15.20% | 15.21% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 903.60M | 468.48M | 481.67M | 555.90M | 640.98M | 1.44B |
| Cash & Short-Term Investments | 903.60M | 468.48M | 481.67M | 555.90M | 640.98M | 1.44B |
| Accounts Receivable | 7.19B | 7.03B | 6.34B | 3.81B | 4.59B | 4.81B |
| Receivables | 7.19B | 7.03B | 6.34B | 3.81B | 4.59B | 4.81B |
| Inventory | 6.27B | 7.11B | 6.57B | 4.38B | 2.47B | 2.66B |
| Other Current Assets | 1.12B | 890.61M | 642.44M | 560.98M | 453.25M | 285.30M |
| Total Current Assets | 15.49B | 15.50B | 14.04B | 9.31B | 8.16B | 9.20B |
| Property, Plant & Equipment | 10.71B | 11.15B | 11.00B | 9.84B | 8.06B | 7.01B |
| Goodwill | 56.28M | 56.28M | 56.28M | 56.28M | 56.28M | 56.28M |
| Total Assets | 26.25B | 26.71B | 25.10B | 19.21B | 16.28B | 16.26B |
| Accounts Payable | 8.15M | 10.88M | 9.85M | 9.46M | 12.46M | 13.26M |
| Accrued Expenses | 170.58M | 198.30M | 169.14M | 157.96M | 189.22M | 127.23M |
| Short-Term Debt | 10.98B | 9.40B | 9.94B | 8.41B | 5.48B | 4.64B |
| Current Portion of Long-Term Debt | 1.24B | 1.41B | 941.51M | 180.00M | 346.67M | 682.90M |
| Current Income Taxes Payable | 352.73M | 261.62M | 272.98M | 303.60M | 371.52M | 101.27M |
| Other Current Liabilities | 226.15M | 289.43M | 219.53M | 162.41M | 45.28M | 94.59M |
| Total Current Liabilities | 12.97B | 11.56B | 11.56B | 9.22B | 6.45B | 5.66B |
| Long-Term Debt | 2.39B | 3.90B | 3.03B | 40.00M | 303.33M | 2.64B |
| Long-Term Deferred Tax Liabilities | 185.57M | 207.05M | 275.10M | 281.94M | 320.53M | 310.06M |
| Total Liabilities | 15.55B | 15.67B | 14.86B | 9.54B | 7.07B | 8.61B |
| Common Stock | 1.97B | 1.97B | 1.97B | 1.97B | 1.97B | 1.97B |
| Retained Earnings | 8.72B | 9.05B | 8.25B | 7.68B | 7.22B | 5.66B |
| Total Common Equity | 10.69B | 11.02B | 10.22B | 9.65B | 9.20B | 7.63B |
| Minority Interest | 15.56M | 15.53M | 15.35M | 15.26M | 15.17M | 15.00M |
| Shareholders' Equity | 10.71B | 11.03B | 10.24B | 9.67B | 9.21B | 7.65B |
| Total Liabilities & Equity | 26.25B | 26.71B | 25.10B | 19.21B | 16.28B | 16.26B |
| Total Debt | 14.60B | 14.71B | 13.91B | 8.63B | 6.13B | 7.97B |
| Net Cash (Debt) | -13.70B | -14.24B | -13.43B | -8.07B | -5.49B | -6.53B |
| Net Cash Per Share | -69.46 | -72.18 | -68.09 | -40.92 | -27.83 | -33.10 |
| Filing Date Shares Outstanding | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M |
| Total Common Shares Outstanding | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M | 197.25M |
| Working Capital | 2.52B | 3.93B | 2.48B | 87.13M | 1.71B | 3.54B |
| Book Value Per Share | 54.20 | 55.86 | 51.82 | 48.93 | 46.62 | 38.69 |
| Tangible Book Value | 10.64B | 10.96B | 10.16B | 9.59B | 9.14B | 7.58B |
| Tangible Book Value Per Share | 53.92 | 55.58 | 51.53 | 48.64 | 46.34 | 38.41 |
| Land | 728.94M | 722.10M | 720.88M | 715.92M | 715.92M | |
| Buildings | 2.84B | 2.58B | 1.98B | 1.98B | 1.98B | |
| Machinery | 15.49B | 14.35B | 10.59B | 10.32B | 9.97B | |
| Construction In Progress | 725.32M | 439.24M | 974.50M | 3.39B | 1.36B | 48.48M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 725.94M | 1.43B | 1.16B | 1.15B | 1.96B | 671.86M |
| Depreciation & Amortization | 1.05B | 1.02B | 874.05M | 681.16M | 688.63M | 664.69M |
| Loss (Gain) From Sale of Assets | -355.84K | 6.53M | -5.95M | -846.48K | -4.26M | -256.79K |
| Other Operating Activities | -56.99M | -42.55M | 257.81M | 140.85M | 15.58M | 173.68M |
| Change in Accounts Receivable | -677.33M | -688.50M | -2.54B | 785.71M | 214.80M | -802.12M |
| Change in Inventory | 1.42B | -531.50M | -2.19B | -1.91B | 193.22M | 548.07M |
| Change in Accounts Payable | 2.63M | 19.01M | 11.06M | 14.53M | 5.81M | -8.13M |
| Change in Income Taxes | -123.47M | -11.36M | -30.62M | -67.91M | 270.25M | 5.05M |
| Change in Other Net Operating Assets | -244.81M | -169.98M | -25.92M | -39.03M | -136.99M | -4.44M |
| Operating Cash Flow | 2.10B | 1.04B | -2.48B | 747.22M | 3.21B | 1.25B |
| Capital Expenditures | -449.52M | -1.19B | -2.03B | -2.46B | -1.73B | -596.57M |
| Sale of Property, Plant & Equipment | 3.91M | 6.06M | 5.95M | 4.47M | 7.48M | 11.50M |
| Investing Cash Flow | -445.61M | -1.19B | -2.02B | -2.46B | -1.72B | -585.08M |
| Short-Term Debt Issued | 1.54B | 2.93B | 837.71M | 1.44B | ||
| Long-Term Debt Issued | 1.34B | 3.75B | 2.64B | |||
| Total Debt Issued | 1.24B | 1.34B | 5.28B | 2.93B | 837.71M | 4.08B |
| Short-Term Debt Repaid | -548.48M | |||||
| Long-Term Debt Repaid | -430.00M | -2.68B | ||||
| Total Debt Repaid | -2.07B | -548.48M | -430.00M | -2.68B | ||
| Net Debt Issued (Repaid) | -825.15M | 792.25M | 5.28B | 2.50B | -1.84B | 4.08B |
| Common Dividends Paid | -628.72M | -628.32M | -589.68M | -690.74M | -440.70M | -197.25M |
| Other Financing Activities | -3.40B | |||||
| Financing Cash Flow | -1.45B | 163.93M | 4.70B | 1.81B | -2.28B | 483.88M |
| Foreign Exchange Rate Adjustments | -16.07M | -25.50M | -264.65M | -179.45M | -5.11M | -4.47M |
| Net Cash Flow | 184.91M | -13.19M | -74.23M | -85.08M | -798.33M | 1.14B |
| Free Cash Flow | 1.65B | -157.68M | -4.51B | -1.72B | 1.48B | 651.89M |
| Free Cash Flow Margin | 6.98% | -0.64% | -21.58% | -10.40% | 8.48% | 4.90% |
| Free Cash Flow Per Share | 8.37 | -0.80 | -22.87 | -8.71 | 7.49 | 3.31 |
| Levered Free Cash Flow | 1.43B | -591.84M | -5.08B | -2.20B | 891.41M | 292.11M |
| Unlevered Free Cash Flow | 2.34B | 250.14M | -4.61B | -1.99B | 1.05B | 511.01M |
| Cash Interest Paid | 1.48B | 1.28B | 703.08M | 225.23M | 253.50M | 233.97M |
| Cash Income Tax Paid | 273.66M | 270.64M | 249.60M | 299.60M | 205.16M | 68.68M |
| Change in Working Capital | 376.70M | -1.38B | -4.77B | -1.22B | 547.09M | -261.57M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.82B | 9.65B | 9.11B | 13.31B | 13.10B | 9.37B |
| Enterprise Value | 23.54B | 24.37B | 19.56B | 19.97B | 18.87B | 16.34B |
| Last Close Price | 49.80 | 45.76 | 40.66 | 56.77 | 52.95 | 36.47 |
| PE Ratio | 13.53 | 6.75 | 7.84 | 11.63 | 6.69 | 13.95 |
| PS Ratio | 0.42 | 0.39 | 0.44 | 0.81 | 0.75 | 0.70 |
| PB Ratio | 0.92 | 0.87 | 0.89 | 1.38 | 1.42 | 1.23 |
| P/TBV Ratio | 0.92 | 0.88 | 0.90 | 1.39 | 1.43 | 1.24 |
| P/FCF Ratio | 5.95 | 8.86 | 14.37 | |||
| P/OCF Ratio | 4.68 | 9.32 | 17.82 | 4.09 | 7.50 | |
| EV/Sales Ratio | 0.99 | 0.99 | 0.94 | 1.21 | 1.08 | 1.23 |
| EV/EBITDA Ratio | 7.32 | 6.25 | 6.57 | 8.68 | 5.91 | 9.12 |
| EV/EBIT Ratio | 10.88 | 8.47 | 9.30 | 12.33 | 7.54 | 14.50 |
| EV/FCF Ratio | 14.26 | 12.77 | 25.06 | |||
| Debt / Equity Ratio | 1.36 | 1.33 | 1.36 | 0.89 | 0.67 | 1.04 |
| Debt / EBITDA Ratio | 4.54 | 3.77 | 4.67 | 3.75 | 1.92 | 4.45 |
| Debt / FCF Ratio | 8.85 | 4.15 | 12.22 | |||
| Net Debt / Equity Ratio | 1.28 | 1.29 | 1.31 | 0.83 | 0.60 | 0.85 |
| Net Debt / EBITDA Ratio | 4.26 | 3.65 | 4.51 | 3.51 | 1.72 | 3.64 |
| Net Debt / FCF Ratio | 8.30 | -90.29 | -2.98 | -4.70 | 3.71 | 10.02 |
| Asset Turnover | 0.89 | 0.95 | 0.94 | 0.93 | 1.07 | 0.85 |
| Inventory Turnover | 3.02 | 3.13 | 3.36 | 4.23 | 5.65 | 4.04 |
| Quick Ratio | 0.62 | 0.65 | 0.59 | 0.47 | 0.81 | 1.10 |
| Current Ratio | 1.19 | 1.34 | 1.22 | 1.01 | 1.27 | 1.62 |
| Return on Equity (ROE) | 6.81% | 13.44% | 11.68% | 12.13% | 23.24% | 9.07% |
| Return on Assets (ROA) | 5.05% | 6.94% | 5.93% | 5.71% | 9.62% | 4.52% |
| Return on Invested Capital (ROIC) | 8.63% | 10.78% | 8.64% | 8.54% | 14.70% | 6.77% |
| Return on Capital Employed (ROCE) | 16.30% | 19.00% | 15.50% | 16.20% | 25.50% | 10.60% |
| Earnings Yield | 7.39% | 14.81% | 12.75% | 8.60% | 14.95% | 7.17% |
| FCF Yield | 16.81% | -1.64% | -49.50% | -12.90% | 11.29% | 6.96% |
| Dividend Yield | 6.43% | 6.54% | 6.93% | 4.44% | 5.27% | 4.21% |
| Payout Ratio | 86.61% | 43.98% | 50.76% | 60.31% | 22.50% | 29.36% |
| Total Shareholder Return | 6.43% | 6.54% | 6.93% | 4.44% | 5.27% | 4.21% |