DSE : TITASGAS
Titas Gas Transmission and Distribution PLC — Financial statements
Natural Gas Transmission and Distribution · Bangladesh
Last price 16.8 BDT (At close: Oct 28, 2026) · Market cap 16.62B
Latest research: Titas Gas Transmission and Distribution valuation report: fair value BDT 1.3–18.5 (Oct 2026) · Titas Gas: system loss of 9.5% against a 2% allowance and a minimum tax on gross bills leave fair value range BDT 1.3–18.5 (base 3.6) against a BDT 84 NAV
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
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Financial statements
Titas Gas Transmission and Distribution PLC (TITASGAS) reported revenue of 366.19B 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 | 366.19B | 354.29B | 356.93B | 265.09B | 183.70B | 178.66B |
| Selling, General & Admin | 7.29B | 6.46B | 6.05B | 6.81B | 5.28B | 4.62B |
| Other Operating Expenses | 365.35B | 354.23B | 353.64B | 263.17B | 176.92B | 172.20B |
| Total Operating Expenses | 372.64B | 360.69B | 359.69B | 269.99B | 182.20B | 176.82B |
| Operating Income | -6.45B | -6.40B | -2.76B | -4.90B | 1.51B | 1.84B |
| Interest Expense | -51.12M | -54.35M | -46.51M | -28.14M | -11.75M | -41.65M |
| Interest Income | 6.55B | 5.79B | 4.09B | 3.15B | 2.35B | 2.51B |
| Net Interest Expense | 6.50B | 5.73B | 4.04B | 3.12B | 2.33B | 2.47B |
| Other Non-Operating Income (Expenses) | -1.00 | -2.00 | ||||
| EBT Excluding Unusual Items | 48.17M | -668.86M | 1.28B | -1.78B | 3.84B | 4.31B |
| Gain (Loss) on Sale of Assets | 9.29K | 65.37K | 27.29M | 23.40M | ||
| Pretax Income | 48.17M | -668.86M | 1.28B | -1.78B | 3.87B | 4.33B |
| Income Tax Expense | 4.44B | 7.05B | 8.72B | -127.64M | 688.35M | 871.74M |
| Net Income | -4.39B | -7.72B | -7.44B | -1.65B | 3.18B | 3.46B |
| Net Income to Common | -4.39B | -7.72B | -7.44B | -1.65B | 3.18B | 3.46B |
| Shares Outstanding (Basic) | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M |
| Shares Outstanding (Diluted) | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M |
| EPS (Basic) | -4.44 | -7.80 | -7.52 | -1.67 | 3.21 | 3.50 |
| EPS (Diluted) | -4.44 | -7.80 | -7.52 | -1.67 | 3.21 | 3.50 |
| Free Cash Flow | -7.26B | 17.56B | 3.21B | 11.00B | -1.19B | -2.28B |
| Free Cash Flow Per Share | -7.34 | 17.75 | 3.24 | 11.12 | -1.21 | -2.31 |
| Dividend Per Share | 0.20 | 0.20 | 0.50 | 0.50 | 1.00 | 2.20 |
| Profit Margin | -1.20% | -2.18% | -2.08% | -0.62% | 1.73% | 1.94% |
| Free Cash Flow Margin | -1.98% | 4.96% | 0.90% | 4.15% | -0.65% | -1.28% |
| EBITDA | -4.06B | -4.70B | -1.90B | -3.81B | 2.52B | 2.87B |
| EBITDA Margin | -1.11% | -1.33% | -0.53% | -1.44% | 1.37% | 1.60% |
| D&A For EBITDA | 2.39B | 1.71B | 862.15M | 1.09B | 1.01B | 1.03B |
| EBIT | -6.45B | -6.40B | -2.76B | -4.90B | 1.51B | 1.84B |
| EBIT Margin | -1.76% | -1.81% | -0.77% | -1.85% | 0.82% | 1.03% |
| Effective Tax Rate | 9,207.53% | 680.62% | 17.79% | 20.13% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.33B | 39.52B | 23.41B | 23.12B | 13.89B | 22.46B |
| Accounts Receivable | 170.05B | 154.65B | 146.86B | 99.61B | 59.31B | 57.84B |
| Other Receivables | 808.72M | 3.75B | 2.67B | 1.79B | 1.45B | 1.65B |
| Inventory | 4.36B | 4.54B | 3.97B | 2.99B | 2.09B | 1.77B |
| Prepaid Expenses | 17.32M | 22.18M | 23.77M | 22.92M | 24.66M | |
| Loans Receivable Current | 58.14M | 60.32M | 53.31M | 67.67M | 72.25M | |
| Other Current Assets | 73.81B | 68.56B | 62.72B | 53.02B | 47.36B | 43.50B |
| Total Current Assets | 279.36B | 271.10B | 239.72B | 180.61B | 124.20B | 127.33B |
| Property, Plant & Equipment | 55.25B | 56.11B | 57.41B | 16.76B | 16.67B | 15.06B |
| Other Intangible Assets | 1.00 | 9.99M | 21.52M | |||
| Long-Term Investments | 1.75M | 1.75M | 2.06M | 3.37M | 3.06M | 2.56M |
| Long-Term Loans Receivable | 12.59B | 13.49B | 13.29B | 12.46B | 12.88B | 14.38B |
| Other Long-Term Assets | 40.35B | 41.36B | 40.28B | 36.09B | 33.11B | 23.81B |
| Total Assets | 387.56B | 382.07B | 350.69B | 245.92B | 186.87B | 180.60B |
| Accounts Payable | 14.76B | 16.00B | 11.05B | 6.56B | 6.40B | 6.01B |
| Accrued Expenses | 144.58B | 140.18B | 119.89B | 71.67B | 16.91B | 25.11B |
| Current Portion of Long-Term Debt | 10.64M | 306.14M | 306.64M | 246.06M | 127.82M | 86.79M |
| Current Income Taxes Payable | 49.96B | 47.63B | 40.83B | 32.01B | 32.01B | 31.21B |
| Other Current Liabilities | 41.97B | 36.53B | 31.77B | 26.51B | 24.12B | 16.78B |
| Total Current Liabilities | 251.29B | 240.65B | 203.85B | 137.00B | 79.56B | 79.20B |
| Long-Term Debt | 4.51B | 4.51B | 4.79B | 4.05B | 3.90B | 3.23B |
| Pension & Post-Retirement Benefits | 4.78B | 4.71B | 4.27B | 3.62B | 2.97B | 2.40B |
| Long-Term Deferred Tax Liabilities | 6.73B | 6.78B | 6.53B | 727.82M | 855.47M | 970.45M |
| Other Long-Term Liabilities | 37.43B | 36.26B | 34.16B | 29.56B | 26.21B | 22.96B |
| Total Liabilities | 304.74B | 292.91B | 253.60B | 174.95B | 113.50B | 108.76B |
| Common Stock | 9.89B | 9.89B | 9.89B | 9.89B | 9.89B | 9.89B |
| Retained Earnings | 36.04B | 42.38B | 50.32B | 58.25B | 60.89B | 59.89B |
| Comprehensive Income & Other | 36.88B | 36.88B | 36.88B | 2.83B | 2.58B | 2.06B |
| Shareholders' Equity | 82.82B | 89.16B | 97.09B | 70.97B | 73.36B | 71.84B |
| Total Liabilities & Equity | 387.56B | 382.07B | 350.69B | 245.92B | 186.87B | 180.60B |
| Total Debt | 4.52B | 4.82B | 5.10B | 4.30B | 4.03B | 3.31B |
| Net Cash (Debt) | 25.81B | 34.70B | 18.32B | 18.82B | 9.86B | 19.15B |
| Net Cash Per Share | 26.09 | 35.08 | 18.52 | 19.03 | 9.97 | 19.36 |
| Filing Date Shares Outstanding | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M |
| Total Common Shares Outstanding | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M | 989.22M |
| Working Capital | 28.07B | 30.45B | 35.87B | 43.61B | 44.63B | 48.13B |
| Book Value Per Share | 83.72 | 90.13 | 98.15 | 71.75 | 74.16 | 72.62 |
| Tangible Book Value | 82.82B | 89.16B | 97.09B | 70.97B | 73.35B | 71.82B |
| Tangible Book Value Per Share | 83.72 | 90.13 | 98.15 | 71.75 | 74.15 | 72.60 |
| Land | 1.60B | 1.59B | 1.59B | |||
| Buildings | 1.44B | 1.32B | 1.28B | |||
| Machinery | 27.02B | 26.25B | 25.37B | |||
| Construction In Progress | 109.07M | 9.12B | 7.17B | 6.90B | 5.29B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -4.39B | -7.72B | -7.44B | -1.65B | 3.18B | 3.46B |
| Depreciation & Amortization | 2.39B | 1.71B | 862.15M | 1.09B | 1.01B | 1.03B |
| Loss (Gain) on Sale of Assets | -190.66K | -9.29K | -65.37K | -10.13M | -26.18K | |
| Change in Accounts Receivable | -14.48B | -6.57B | -43.68B | -38.76B | -820.34M | 1.54B |
| Change in Inventory | 117.64M | -572.30M | -978.84M | -903.57M | -314.78M | 76.00M |
| Change in Accounts Payable | 5.37B | 30.62B | 57.39B | 56.82B | -999.49M | -5.71B |
| Change in Other Net Operating Assets | -743.68M | -672.73M | -1.86B | 212.18M | 2.23B | 1.64B |
| Other Operating Activities | 4.70B | 844.50M | 1.03B | -5.39B | -3.97B | -3.13B |
| Operating Cash Flow | -6.65B | 17.97B | 5.56B | 12.17B | 300.16M | -1.10B |
| Capital Expenditures | -604.79M | -410.96M | -2.36B | -1.17B | -1.49B | -1.18B |
| Cash Acquisitions | 398.09M | -180.85M | -403.41M | -2.11B | -2.04B | -201.72M |
| Investment in Securities | 150.48M | -1.68B | -4.19B | -2.98B | -9.30B | 4.84B |
| Other Investing Activities | 1.47B | 1.19B | 694.18M | 3.81B | 5.05B | 2.19B |
| Investing Cash Flow | 1.42B | -1.08B | -6.25B | -2.45B | -7.78B | 5.64B |
| Long-Term Debt Issued | 19.28M | 1.02B | 371.55M | 782.78M | 409.46M | |
| Long-Term Debt Repaid | -306.81M | -246.06M | -127.82M | -86.79M | -86.74M | |
| Net Debt Issued (Repaid) | -286.49M | -287.53M | 777.53M | 243.73M | 695.99M | 322.71M |
| Issuance of Common Stock | 711.98M | 247.76M | 521.86M | 272.97M | ||
| Common Dividends Paid | -199.58M | -497.44M | -504.68M | -987.80M | -2.31B | -2.57B |
| Other Financing Activities | 1.00 | -59.36K | ||||
| Financing Cash Flow | -486.07M | -784.97M | 984.82M | -496.36M | -1.09B | -1.97B |
| Miscellaneous Cash Flow Adjustments | 2.00 | 1.00 | ||||
| Net Cash Flow | -5.72B | 16.10B | 294.91M | 9.23B | -8.57B | 2.57B |
| Free Cash Flow | -7.26B | 17.56B | 3.21B | 11.00B | -1.19B | -2.28B |
| Free Cash Flow Margin | -1.98% | 4.96% | 0.90% | 4.15% | -0.65% | -1.28% |
| Free Cash Flow Per Share | -7.34 | 17.75 | 3.24 | 11.12 | -1.21 | -2.31 |
| Levered Free Cash Flow | -8.03B | 18.78B | 4.73B | 6.97B | -4.66B | -5.61B |
| Unlevered Free Cash Flow | -8.00B | 18.81B | 4.76B | 6.99B | -4.65B | -5.58B |
| Cash Interest Paid | 51.12M | 54.35M | 46.51M | 139.16M | 11.75M | 14.95M |
| Cash Income Tax Paid | 4.19B | 6.79B | 8.19B | 5.63B | 4.42B | 4.41B |
| Change in Working Capital | -9.74B | 22.80B | 10.87B | 17.37B | 92.91M | -2.46B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.42B | 18.99B | 22.16B | 40.46B | 42.34B | 35.41B |
| Enterprise Value | -9.39B | -12.26B | 3.24B | 9.94B | 35.05B | 18.74B |
| PE Ratio | 13.31 | 10.24 | ||||
| PS Ratio | 0.04 | 0.05 | 0.06 | 0.15 | 0.23 | 0.20 |
| PB Ratio | 0.20 | 0.21 | 0.23 | 0.57 | 0.58 | 0.49 |
| P/FCF Ratio | 1.08 | 6.90 | 3.68 | |||
| P/OCF Ratio | 1.06 | 3.98 | 3.32 | 141.06 | ||
| EV/Sales Ratio | 0.01 | 0.04 | 0.19 | 0.10 | ||
| EV/EBITDA Ratio | 13.93 | 6.54 | ||||
| EV/EBIT Ratio | 23.26 | 10.20 | ||||
| EV/FCF Ratio | 1.01 | 0.90 | ||||
| Debt / Equity Ratio | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 |
| Debt / EBITDA Ratio | 1.60 | 1.16 | ||||
| Debt / FCF Ratio | 0.27 | 1.59 | 0.39 | |||
| Net Debt / Equity Ratio | -0.31 | -0.39 | -0.19 | -0.27 | -0.13 | -0.27 |
| Net Debt / EBITDA Ratio | 6.35 | 7.39 | 9.65 | 4.94 | -3.92 | -6.68 |
| Net Debt / FCF Ratio | 3.56 | -1.98 | -5.71 | -1.71 | 8.28 | 8.39 |
| Quick Ratio | 0.80 | 0.82 | 0.85 | 0.91 | 0.94 | 1.03 |
| Current Ratio | 1.11 | 1.13 | 1.18 | 1.32 | 1.56 | 1.61 |
| Asset Turnover | 0.95 | 0.97 | 1.20 | 1.23 | 1.00 | 0.99 |
| Return on Equity (ROE) | -5.16% | -8.29% | -8.86% | -2.29% | 4.38% | 4.86% |
| Return on Assets (ROA) | -1.05% | -1.09% | -0.58% | -1.42% | 0.51% | 0.64% |
| Return on Capital Employed (ROCE) | -4.70% | -4.50% | -1.90% | -4.50% | 1.40% | 1.80% |
| Earnings Yield | -26.72% | -40.65% | -33.58% | -4.08% | 7.51% | 9.77% |
| FCF Yield | -44.21% | 92.46% | 14.48% | 27.19% | -2.81% | -6.45% |
| Dividend Yield | 1.21% | 1.04% | 2.23% | 1.22% | 2.34% | 6.14% |
| Payout Ratio | 72.66% | 74.27% | ||||
| Total Shareholder Return | 1.21% | 1.04% | 2.23% | 1.22% | 2.34% | 6.14% |