DSE : VFSTDL
VFS Thread Dyeing Limited — Financial statements
Textile Mill Products · Bangladesh
Last price 11.2 BDT (At close: Oct 28, 2026) · Market cap 1.18B
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Financial statements
VFS Thread Dyeing Limited (VFSTDL) reported revenue of 235.38M 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 | 235.38M | 270.25M | 428.04M | 550.94M | 956.23M | 957.30M |
| Cost of Revenue | 193.57M | 214.80M | 349.01M | 443.67M | 741.49M | 730.81M |
| Gross Profit | 41.81M | 55.46M | 79.03M | 107.26M | 214.74M | 226.49M |
| Selling, General & Admin | 9.28M | 10.44M | 13.36M | 17.78M | 29.80M | 34.78M |
| Amortization of Goodwill & Intangibles | 550.00 | 1.32K | 1.32K | |||
| Operating Expenses | 10.66M | 11.82M | 14.80M | 19.46M | 31.54M | 34.78M |
| Operating Income | 31.15M | 43.64M | 64.23M | 87.80M | 183.21M | 191.71M |
| Interest Expense | -28.51M | -28.63M | -22.62M | -17.37M | -16.90M | -6.37M |
| Interest & Investment Income | 1.00 | 319.12K | 480.81K | 397.89K | 316.94K | 427.68K |
| Currency Exchange Gain (Loss) | 525.26K | 529.44K | 6.50K | 7.83K | 3.08K | 6.48K |
| Other Non Operating Income (Expenses) | -1.65M | -1.53M | -1.37M | -1.43M | -1.42M | 36.22K |
| Pretax Income | 1.52M | 14.34M | 40.72M | 69.41M | 165.21M | 185.81M |
| Income Tax Expense | 228.39K | 5.04M | 6.11M | -4.53M | 14.89M | 27.92M |
| Net Income | 1.29M | 9.30M | 34.62M | 73.95M | 150.31M | 157.89M |
| Net Income to Common | 1.29M | 9.30M | 34.62M | 73.95M | 150.31M | 157.89M |
| Shares Outstanding (Basic) | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M |
| Shares Outstanding (Diluted) | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M |
| EPS (Basic) | 0.01 | 0.09 | 0.33 | 0.70 | 1.42 | 1.50 |
| EPS (Diluted) | 0.01 | 0.09 | 0.33 | 0.70 | 1.42 | 1.50 |
| Free Cash Flow | 5.73M | -5.04M | 13.38M | 129.37M | 57.09M | -217.43M |
| Free Cash Flow Per Share | 0.05 | -0.05 | 0.13 | 1.23 | 0.54 | -2.06 |
| Dividend Per Share | 0.03 | 0.03 | 0.20 | 1.10 | ||
| Gross Margin | 17.76% | 20.52% | 18.46% | 19.47% | 22.46% | 23.66% |
| Operating Margin | 13.24% | 16.15% | 15.01% | 15.94% | 19.16% | 20.03% |
| Profit Margin | 0.55% | 3.44% | 8.09% | 13.42% | 15.72% | 16.49% |
| Free Cash Flow Margin | 2.43% | -1.87% | 3.13% | 23.48% | 5.97% | -22.71% |
| EBITDA | 79.88M | 95.74M | 121.84M | 151.58M | 253.49M | 257.98M |
| EBITDA Margin | 33.94% | 35.43% | 28.46% | 27.51% | 26.51% | 26.95% |
| D&A For EBITDA | 48.73M | 52.10M | 57.61M | 63.77M | 70.28M | 66.28M |
| EBIT | 31.15M | 43.64M | 64.23M | 87.80M | 183.21M | 191.71M |
| EBIT Margin | 13.24% | 16.15% | 15.01% | 15.94% | 19.16% | 20.03% |
| Effective Tax Rate | 15.00% | 35.13% | 15.00% | 9.01% | 15.02% | |
| Advertising Expenses | 193.75K | 163.82K | 201.89K | 227.06K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.37M | 5.45M | 65.20M | 76.94M | 64.28M | 60.67M |
| Cash & Short-Term Investments | 4.37M | 5.45M | 65.20M | 76.94M | 64.28M | 60.67M |
| Receivables | 1.10B | 1.06B | 936.70M | 862.87M | 847.17M | 737.01M |
| Inventory | 486.08M | 518.46M | 558.61M | 557.70M | 599.49M | 568.80M |
| Other Current Assets | 319.16M | 276.19M | 259.45M | 225.72M | 182.64M | 180.04M |
| Total Current Assets | 1.91B | 1.86B | 1.82B | 1.72B | 1.69B | 1.55B |
| Property, Plant & Equipment | 730.08M | 764.78M | 813.12M | 871.27M | 935.96M | 1.00B |
| Other Intangible Assets | 1.00 | 1.00 | 1.00 | 45.83K | 155.83K | 265.83K |
| Other Long-Term Assets | 8.19M | 8.19M | 8.19M | 8.19M | 8.19M | 8.19M |
| Total Assets | 2.65B | 2.63B | 2.64B | 2.60B | 2.64B | 2.56B |
| Accounts Payable | 2.07M | 1.22M | 1.11M | 1.41M | 1.24M | 1.26M |
| Accrued Expenses | 112.14M | 93.93M | 69.06M | 54.00M | 51.14M | 45.39M |
| Short-Term Debt | 119.24M | 119.18M | 169.31M | 181.13M | 251.37M | 215.26M |
| Current Portion of Long-Term Debt | 14.36M | 16.01M | 22.19M | 35.08M | 18.88M | 15.15M |
| Current Portion of Leases | 819.30K | 844.13K | 963.79K | 855.32K | 582.54K | |
| Current Income Taxes Payable | 92.67M | 90.24M | 84.84M | 76.87M | 113.92M | 136.09M |
| Other Current Liabilities | 18.59M | 18.53M | 19.22M | 8.72M | 9.11M | 11.92M |
| Total Current Liabilities | 359.88M | 339.13M | 366.57M | 358.17M | 446.52M | 425.65M |
| Long-Term Debt | 86.29M | 85.38M | 78.03M | 67.55M | 88.46M | 100.52M |
| Long-Term Leases | 220.57K | 436.81K | 1.40M | |||
| Long-Term Deferred Tax Liabilities | 52.35M | 57.66M | 58.33M | 58.24M | 57.11M | 54.50M |
| Other Long-Term Liabilities | 1.00 | 1.00 | -1.00 | |||
| Total Liabilities | 498.74M | 482.17M | 502.93M | 484.40M | 593.49M | 580.67M |
| Common Stock | 1.06B | 1.06B | 1.06B | 1.06B | 1.06B | 1.06B |
| Retained Earnings | 1.09B | 1.09B | 1.08B | 1.06B | 988.59M | 918.68M |
| Shareholders' Equity | 2.15B | 2.15B | 2.14B | 2.12B | 2.04B | 1.97B |
| Total Liabilities & Equity | 2.65B | 2.63B | 2.64B | 2.60B | 2.64B | 2.56B |
| Total Debt | 220.93M | 220.58M | 270.38M | 285.17M | 360.97M | 331.51M |
| Net Cash (Debt) | -216.56M | -215.12M | -205.17M | -208.23M | -296.69M | -270.83M |
| Net Cash Per Share | -2.05 | -2.04 | -1.94 | -1.97 | -2.81 | -2.57 |
| Filing Date Shares Outstanding | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M |
| Total Common Shares Outstanding | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M | 105.58M |
| Working Capital | 1.55B | 1.52B | 1.45B | 1.37B | 1.25B | 1.12B |
| Book Value Per Share | 20.35 | 20.34 | 20.25 | 20.06 | 19.36 | 18.70 |
| Tangible Book Value | 2.15B | 2.15B | 2.14B | 2.12B | 2.04B | 1.97B |
| Tangible Book Value Per Share | 20.35 | 20.34 | 20.25 | 20.06 | 19.36 | 18.70 |
| Land | 140.06M | 140.06M | 140.06M | 140.06M | 140.06M | 139.44M |
| Buildings | 261.14M | 261.14M | 261.14M | 261.14M | 261.14M | 261.14M |
| Machinery | 1.12B | 1.12B | 1.11B | 1.11B | 1.11B | 1.05B |
| Construction In Progress | 57.86M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.29M | 9.30M | 34.62M | 73.95M | 150.31M | 157.89M |
| Depreciation & Amortization | 49.52M | 52.85M | 58.36M | 64.69M | 71.17M | 67.13M |
| Other Amortization | 45.83K | 110.00K | 110.00K | 110.00K | ||
| Other Operating Activities | 28.77M | 30.91M | 19.52M | -872.60K | -7.27M | 25.59M |
| Change in Accounts Receivable | -69.95M | -120.03M | -73.82M | -15.71M | -110.16M | -68.27M |
| Change in Inventory | 19.60M | 40.14M | -904.09K | 41.79M | -30.69M | -206.29M |
| Change in Accounts Payable | 675.27K | 109.36K | -296.22K | 168.22K | -22.74K | 34.68K |
| Change in Other Net Operating Assets | -19.66M | -13.81M | -24.14M | -34.75M | -12.15M | -47.28M |
| Operating Cash Flow | 10.23M | -539.13K | 13.38M | 129.37M | 61.30M | -71.08M |
| Capital Expenditures | -4.51M | -4.51M | -4.20M | -146.35M | ||
| Other Investing Activities | -4.33M | |||||
| Investing Cash Flow | -4.51M | -4.51M | -4.20M | -150.68M | ||
| Short-Term Debt Issued | 36.11M | 182.47M | ||||
| Long-Term Debt Issued | 107.53M | |||||
| Total Debt Issued | -330.25K | 36.11M | 290.00M | |||
| Short-Term Debt Repaid | -49.41M | -11.30M | -70.23M | |||
| Long-Term Debt Repaid | -844.13K | -8.24M | -5.57M | -9.55M | -935.00K | |
| Lease Payments | -789.88K | -844.13K | -765.06K | -855.32K | -1.23M | -935.00K |
| Total Debt Repaid | -2.34M | -50.26M | -19.54M | -75.80M | -9.55M | -935.00K |
| Net Debt Issued (Repaid) | -2.67M | -50.26M | -19.54M | -75.80M | 26.56M | 289.07M |
| Common Dividends Paid | -1.52M | -680.61K | -2.17M | -31.78M | -68.86M | -13.91M |
| Other Financing Activities | -2.50M | -3.77M | -3.41M | -9.13M | -11.19M | -2.16M |
| Financing Cash Flow | -6.69M | -54.70M | -25.12M | -116.71M | -53.49M | 273.00M |
| Miscellaneous Cash Flow Adjustments | -1.00 | 1.00 | -1.00 | |||
| Net Cash Flow | -963.65K | -59.75M | -11.74M | 12.66M | 3.60M | 51.24M |
| Free Cash Flow | 5.73M | -5.04M | 13.38M | 129.37M | 57.09M | -217.43M |
| Free Cash Flow Margin | 2.43% | -1.87% | 3.13% | 23.48% | 5.97% | -22.71% |
| Free Cash Flow Per Share | 0.05 | -0.05 | 0.13 | 1.23 | 0.54 | -2.06 |
| Levered Free Cash Flow | 7.42M | -9.19M | 9.18M | 57.40M | 8.32M | -258.30M |
| Unlevered Free Cash Flow | 25.24M | 8.70M | 23.32M | 68.26M | 18.88M | -254.32M |
| Free Cash Flow After Leases | 4.94M | -5.89M | 12.62M | 128.52M | 55.87M | -218.36M |
| Cash Interest Paid | 2.50M | 3.77M | 3.41M | 9.13M | 16.74M | 2.16M |
| Cash Income Tax Paid | 109.75K | 1.62M | 7.47M | 5.46M | 33.51M | 4.59M |
| Change in Working Capital | -69.35M | -93.59M | -99.17M | -8.50M | -153.03M | -321.80M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.18B | 749.62M | 1.38B | 2.34B | 2.54B | 2.76B |
| Enterprise Value | 1.40B | 964.32M | 1.59B | 2.55B | 2.70B | 2.77B |
| Last Close Price | 11.20 | 7.08 | 13.07 | 21.95 | 23.83 | 24.58 |
| PE Ratio | 913.76 | 80.61 | 39.96 | 31.70 | 16.93 | 17.45 |
| PS Ratio | 5.02 | 2.77 | 3.23 | 4.25 | 2.66 | 2.88 |
| PB Ratio | 0.55 | 0.35 | 0.65 | 1.11 | 1.25 | 1.40 |
| P/TBV Ratio | 0.55 | 0.35 | 0.65 | 1.11 | 1.25 | 1.40 |
| P/FCF Ratio | 206.43 | 103.37 | 18.12 | 44.57 | ||
| P/OCF Ratio | 115.55 | 103.37 | 18.12 | 41.51 | ||
| EV/Sales Ratio | 5.94 | 3.57 | 3.72 | 4.63 | 2.82 | 2.89 |
| EV/EBITDA Ratio | 17.34 | 10.07 | 13.07 | 16.83 | 10.64 | 10.73 |
| EV/EBIT Ratio | 44.91 | 22.10 | 24.80 | 29.06 | 14.72 | 14.44 |
| EV/FCF Ratio | 244.24 | 119.03 | 19.72 | 47.24 | ||
| Debt / Equity Ratio | 0.10 | 0.10 | 0.13 | 0.14 | 0.18 | 0.17 |
| Debt / EBITDA Ratio | 2.74 | 2.29 | 2.21 | 1.87 | 1.42 | 1.28 |
| Debt / FCF Ratio | 38.57 | 20.21 | 2.20 | 6.32 | ||
| Net Debt / Equity Ratio | 0.10 | 0.10 | 0.10 | 0.10 | 0.14 | 0.14 |
| Net Debt / EBITDA Ratio | 2.71 | 2.25 | 1.68 | 1.37 | 1.17 | 1.05 |
| Net Debt / FCF Ratio | 37.81 | -42.65 | 15.33 | 1.61 | 5.20 | -1.25 |
| Asset Turnover | 0.09 | 0.10 | 0.16 | 0.21 | 0.37 | 0.41 |
| Inventory Turnover | 0.39 | 0.40 | 0.62 | 0.77 | 1.27 | 1.57 |
| Quick Ratio | 3.07 | 3.13 | 2.73 | 2.62 | 2.04 | 1.87 |
| Current Ratio | 5.30 | 5.47 | 4.96 | 4.81 | 3.79 | 3.63 |
| Return on Equity (ROE) | 0.06% | 0.43% | 1.63% | 3.55% | 7.48% | 8.28% |
| Return on Assets (ROA) | 0.74% | 1.03% | 1.53% | 2.09% | 4.41% | 5.16% |
| Return on Invested Capital (ROIC) | 1.12% | 1.20% | 2.34% | 3.76% | 7.27% | 7.92% |
| Return on Capital Employed (ROCE) | 1.40% | 1.90% | 2.80% | 3.90% | 8.40% | 9.00% |
| Earnings Yield | 0.11% | 1.24% | 2.50% | 3.16% | 5.91% | 5.73% |
| FCF Yield | 0.48% | -0.67% | 0.97% | 5.52% | 2.24% | -7.89% |
| Dividend Yield | 0.22% | 0.35% | 0.90% | 4.21% | ||
| Payout Ratio | 117.64% | 7.32% | 6.27% | 42.98% | 45.81% | 8.81% |
| Total Shareholder Return | 0.22% | 0.35% | 0.90% | 4.21% |