DSE : WATACHEM
Wata Chemicals Limited — Financial statements
Chemicals and Allied Products · Bangladesh
Last price 122.1 BDT (At close: Oct 29, 2026) · Market cap 1.81B
Latest research: WATA Chemicals financial analysis: finance cost took 92.8% of operating profit, qualified FY2025 audit (Oct 2026) · WATA Chemicals: finance expenses took 92.8% of FY2025 operating profit; a qualified FY2025 audit and FY2026 EPS of BDT 2.08 announced on DSE
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Financial statements
Wata Chemicals Limited (WATACHEM) reported revenue of 969.03M 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 | 969.03M | 813.49M | 713.39M | 1.01B | 953.80M | 569.81M |
| Cost of Revenue | 725.61M | 573.83M | 495.67M | 730.33M | 677.66M | 354.50M |
| Gross Profit | 243.42M | 239.66M | 217.72M | 280.65M | 276.14M | 215.31M |
| Selling, General & Admin | 38.52M | 34.29M | 40.29M | 49.24M | 43.76M | 41.85M |
| Other Operating Expenses | 68.92K | 10.26K | 306.06K | 403.52K | 190.18K | 441.12K |
| Operating Expenses | 41.38M | 37.20M | 43.70M | 52.58M | 46.99M | 45.76M |
| Operating Income | 202.04M | 202.45M | 174.02M | 228.07M | 229.15M | 169.55M |
| Interest Expense | -183.82M | -187.89M | -160.70M | -143.51M | -129.91M | -73.73M |
| Interest & Investment Income | 190.71K | 884.96K | 2.18M | |||
| Currency Exchange Gain (Loss) | -33.50M | -18.64M | -2.19M | |||
| Other Non Operating Income (Expenses) | 2.26M | 2.69M | 3.48M | 1.43M | 277.06K | 4.43M |
| EBT Excluding Unusual Items | 20.68M | 18.15M | 18.97M | 52.49M | 80.88M | 98.05M |
| Pretax Income | 20.68M | 18.15M | 18.97M | 52.49M | 80.88M | 98.05M |
| Income Tax Expense | 6.70M | 7.11M | 9.11M | 7.50M | 20.92M | 7.09M |
| Net Income | 13.98M | 11.04M | 9.86M | 44.99M | 59.96M | 90.96M |
| Net Income to Common | 13.98M | 11.04M | 9.86M | 44.99M | 59.96M | 90.96M |
| Shares Outstanding (Basic) | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M |
| Shares Outstanding (Diluted) | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M |
| EPS (Basic) | 0.94 | 0.74 | 0.67 | 3.03 | 4.05 | 6.14 |
| EPS (Diluted) | 0.94 | 0.74 | 0.67 | 3.03 | 4.05 | 6.14 |
| Free Cash Flow | 317.57M | 182.09M | 223.28M | 25.39M | 24.82M | -42.00M |
| Free Cash Flow Per Share | 21.42 | 12.28 | 15.06 | 1.71 | 1.67 | -2.83 |
| Dividend Per Share | 1.00 | 1.00 | 1.20 | 1.50 | 2.00 | 3.00 |
| Gross Margin | 25.12% | 29.46% | 30.52% | 27.76% | 28.95% | 37.79% |
| Operating Margin | 20.85% | 24.89% | 24.39% | 22.56% | 24.02% | 29.75% |
| Profit Margin | 1.44% | 1.36% | 1.38% | 4.45% | 6.29% | 15.96% |
| Free Cash Flow Margin | 32.77% | 22.38% | 31.30% | 2.51% | 2.60% | -7.37% |
| EBITDA | 237.17M | 240.01M | 215.16M | 272.81M | 278.13M | 220.91M |
| EBITDA Margin | 24.47% | 29.50% | 30.16% | 26.98% | 29.16% | 38.77% |
| D&A For EBITDA | 35.13M | 37.56M | 41.14M | 44.74M | 48.98M | 51.36M |
| EBIT | 202.04M | 202.45M | 174.02M | 228.07M | 229.15M | 169.55M |
| EBIT Margin | 20.85% | 24.89% | 24.39% | 22.56% | 24.02% | 29.75% |
| Effective Tax Rate | 32.41% | 39.16% | 48.01% | 14.29% | 25.87% | 7.23% |
| Advertising Expenses | 320.32K | 1.07M | 832.66K | 1.08M | 787.55K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 186.38M | 33.57M | 35.47M | 6.16M | 11.12M | 31.37M |
| Cash & Short-Term Investments | 186.38M | 33.57M | 35.47M | 6.16M | 11.12M | 31.37M |
| Accounts Receivable | 197.27M | 256.38M | 442.05M | 638.85M | 627.41M | 435.57M |
| Receivables | 197.27M | 256.38M | 442.05M | 638.85M | 627.41M | 435.57M |
| Inventory | 65.18M | 65.13M | 171.42M | 202.01M | 174.09M | 109.24M |
| Other Current Assets | 329.86M | 291.68M | 232.97M | 204.75M | 284.59M | 312.16M |
| Total Current Assets | 778.69M | 646.75M | 881.90M | 1.05B | 1.10B | 888.34M |
| Property, Plant & Equipment | 1.87B | 1.89B | 1.81B | 1.83B | 1.75B | 1.74B |
| Other Long-Term Assets | 1.00 | |||||
| Total Assets | 2.65B | 2.53B | 2.69B | 2.88B | 2.84B | 2.62B |
| Accounts Payable | 228.39M | 1.34M | 987.40K | 747.16K | 8.50M | 27.78M |
| Accrued Expenses | 68.02M | 64.08M | 57.37M | 69.58M | 69.76M | 64.84M |
| Short-Term Debt | 753.34M | 974.75M | 1.05B | 1.25B | 1.16B | 953.38M |
| Current Portion of Long-Term Debt | 201.95M | 103.88M | 116.93M | 143.99M | 116.93M | 112.12M |
| Current Portion of Leases | 907.49K | 850.11K | 779.92K | 715.52K | 656.44K | 875.04K |
| Current Income Taxes Payable | 44.01M | 35.82M | 24.87M | 11.81M | 18.20M | 22.06M |
| Current Unearned Revenue | 1.04M | |||||
| Other Current Liabilities | 3.48M | 6.54M | 8.43M | 6.72M | 1.53M | 3.17M |
| Total Current Liabilities | 1.30B | 1.19B | 1.26B | 1.48B | 1.38B | 1.19B |
| Long-Term Debt | 404.27M | 397.55M | 475.37M | 420.16M | 502.63M | 494.14M |
| Long-Term Leases | 2.83M | 2.62M | 3.02M | 4.25M | 4.97M | 6.04M |
| Long-Term Deferred Tax Liabilities | 38.55M | 40.92M | 43.82M | 46.75M | 49.93M | 45.98M |
| Other Long-Term Liabilities | 1.00 | -1.00 | -1.00 | -1.00 | ||
| Total Liabilities | 1.75B | 1.63B | 1.78B | 1.95B | 1.94B | 1.73B |
| Common Stock | 148.23M | 148.23M | 148.23M | 148.23M | 148.23M | 148.23M |
| Additional Paid-In Capital | 32.40M | 32.40M | 32.40M | 32.40M | 32.40M | 32.40M |
| Retained Earnings | 352.50M | 351.57M | 354.13M | 361.93M | 336.20M | 315.26M |
| Comprehensive Income & Other | 369.72M | 373.25M | 378.38M | 383.98M | 390.09M | 396.77M |
| Shareholders' Equity | 902.84M | 905.44M | 913.13M | 926.53M | 906.92M | 892.66M |
| Total Liabilities & Equity | 2.65B | 2.53B | 2.69B | 2.88B | 2.84B | 2.62B |
| Total Debt | 1.36B | 1.48B | 1.65B | 1.82B | 1.79B | 1.57B |
| Net Cash (Debt) | -1.18B | -1.45B | -1.61B | -1.81B | -1.78B | -1.54B |
| Net Cash Per Share | -79.40 | -97.56 | -108.61 | -122.19 | -120.01 | -103.57 |
| Filing Date Shares Outstanding | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M |
| Total Common Shares Outstanding | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M | 14.82M |
| Working Capital | -521.41M | -540.51M | -376.65M | -429.99M | -283.12M | -296.92M |
| Book Value Per Share | 60.91 | 61.09 | 61.60 | 62.51 | 61.18 | 60.22 |
| Tangible Book Value | 902.84M | 905.44M | 913.13M | 926.53M | 906.92M | 892.66M |
| Tangible Book Value Per Share | 60.91 | 61.09 | 61.60 | 62.51 | 61.18 | 60.22 |
| Land | 113.95M | 113.95M | 106.40M | 106.40M | 106.40M | 106.40M |
| Buildings | 263.31M | 263.31M | 263.31M | 263.31M | 263.31M | 263.31M |
| Machinery | 1.04B | 1.04B | 1.03B | 1.03B | 1.03B | 1.03B |
| Construction In Progress | 1.11B | 1.10B | 992.24M | 966.86M | 845.99M | 786.11M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.98M | 11.04M | 9.86M | 44.99M | 59.96M | 90.96M |
| Depreciation & Amortization | 35.90M | 38.33M | 41.91M | 45.51M | 49.75M | 52.13M |
| Other Operating Activities | -155.59M | -160.86M | -168.51M | -104.40M | -86.26M | -101.19M |
| Change in Accounts Receivable | 102.57M | 185.67M | 196.80M | -11.43M | -191.84M | -81.70M |
| Change in Inventory | 3.58M | 106.29M | 30.59M | -27.92M | -64.85M | 31.89M |
| Change in Accounts Payable | 226.27M | 356.99K | 240.24K | -7.76M | 186.32M | 22.56M |
| Change in Unearned Revenue | -1.04M | -216.14K | ||||
| Change in Other Net Operating Assets | 100.67M | 114.64M | 138.61M | 212.03M | 134.37M | 53.99M |
| Operating Cash Flow | 327.38M | 295.47M | 249.50M | 151.02M | 86.40M | 68.41M |
| Capital Expenditures | -9.81M | -113.38M | -26.23M | -125.63M | -61.58M | -110.41M |
| Other Investing Activities | -457.49K | -400.11K | -1.23M | -715.52K | -1.07M | -1.18M |
| Investing Cash Flow | -10.27M | -113.78M | -27.46M | -126.34M | -62.65M | -111.59M |
| Long-Term Debt Issued | 207.93M | 122.88M | 452.60M | 77.53M | 233.72M | |
| Total Debt Issued | 89.28M | 207.93M | 122.88M | 452.60M | 77.53M | 233.72M |
| Long-Term Debt Repaid | -373.24M | -293.73M | -424.57M | -58.44M | -111.59M | |
| Total Debt Repaid | -259.14M | -373.24M | -293.73M | -424.57M | -58.44M | -111.59M |
| Net Debt Issued (Repaid) | -169.86M | -165.31M | -170.86M | 28.03M | 19.09M | 122.13M |
| Common Dividends Paid | -16.20M | -18.28M | -21.89M | -24.16M | -44.45M | -53.23M |
| Other Financing Activities | 1.00 | -1.00 | ||||
| Financing Cash Flow | -186.06M | -183.59M | -192.74M | 3.87M | -25.36M | 68.91M |
| Foreign Exchange Rate Adjustments | -33.50M | -18.64M | -2.19M | |||
| Miscellaneous Cash Flow Adjustments | -1.00 | 1.00 | 1.00 | |||
| Net Cash Flow | 131.05M | -1.90M | 29.30M | -4.96M | -20.25M | 23.54M |
| Free Cash Flow | 317.57M | 182.09M | 223.28M | 25.39M | 24.82M | -42.00M |
| Free Cash Flow Margin | 32.77% | 22.38% | 31.30% | 2.51% | 2.60% | -7.37% |
| Free Cash Flow Per Share | 21.42 | 12.28 | 15.06 | 1.71 | 1.67 | -2.83 |
| Levered Free Cash Flow | 318.33M | 183.43M | 225.98M | 4.09M | -199.83M | 275.25M |
| Unlevered Free Cash Flow | 433.22M | 300.86M | 326.42M | 93.78M | -118.64M | 321.34M |
| Cash Income Tax Paid | 4.39M | 18.78M | ||||
| Change in Working Capital | 433.09M | 406.96M | 366.24M | 164.92M | 62.95M | 26.51M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.81B | 1.56B | 2.34B | 2.97B | 3.17B | 4.11B |
| Enterprise Value | 2.99B | 3.04B | 4.10B | 4.77B | 4.81B | 5.49B |
| Last Close Price | 122.10 | 104.51 | 155.00 | 195.04 | 206.50 | 264.41 |
| PE Ratio | 129.48 | 141.50 | 237.35 | 65.96 | 52.93 | 45.16 |
| PS Ratio | 1.87 | 1.92 | 3.28 | 2.94 | 3.33 | 7.21 |
| PB Ratio | 2.00 | 1.73 | 2.56 | 3.20 | 3.50 | 4.60 |
| P/TBV Ratio | 2.00 | 1.73 | 2.56 | 3.20 | 3.50 | 4.60 |
| P/FCF Ratio | 5.70 | 8.58 | 10.48 | 116.86 | 127.86 | |
| P/OCF Ratio | 5.53 | 5.29 | 9.38 | 19.65 | 36.73 | 60.04 |
| EV/Sales Ratio | 3.08 | 3.74 | 5.74 | 4.72 | 5.05 | 9.63 |
| EV/EBITDA Ratio | 12.55 | 12.67 | 19.04 | 17.50 | 17.31 | 24.83 |
| EV/EBIT Ratio | 14.78 | 15.02 | 23.54 | 20.93 | 21.01 | 32.35 |
| EV/FCF Ratio | 9.41 | 16.70 | 18.35 | 187.99 | 193.95 | |
| Debt / Equity Ratio | 1.51 | 1.63 | 1.80 | 1.96 | 1.97 | 1.75 |
| Debt / EBITDA Ratio | 5.73 | 6.15 | 7.62 | 6.64 | 6.42 | 7.07 |
| Debt / FCF Ratio | 4.29 | 8.13 | 7.37 | 71.56 | 72.12 | |
| Net Debt / Equity Ratio | 1.30 | 1.60 | 1.76 | 1.96 | 1.96 | 1.72 |
| Net Debt / EBITDA Ratio | 4.96 | 6.03 | 7.48 | 6.64 | 6.40 | 6.95 |
| Net Debt / FCF Ratio | 3.71 | 7.94 | 7.21 | 71.32 | 71.67 | -36.56 |
| Asset Turnover | 0.37 | 0.31 | 0.26 | 0.35 | 0.35 | 0.22 |
| Inventory Turnover | 10.84 | 4.85 | 2.65 | 3.88 | 4.78 | 2.83 |
| Quick Ratio | 0.29 | 0.24 | 0.38 | 0.43 | 0.46 | 0.39 |
| Current Ratio | 0.60 | 0.55 | 0.70 | 0.71 | 0.80 | 0.75 |
| Return on Equity (ROE) | 1.55% | 1.21% | 1.07% | 4.91% | 6.66% | 10.29% |
| Return on Assets (ROA) | 4.82% | 4.84% | 3.90% | 4.98% | 5.24% | 4.15% |
| Return on Invested Capital (ROIC) | 6.20% | 5.05% | 3.44% | 7.21% | 6.64% | 6.64% |
| Return on Capital Employed (ROCE) | 15.00% | 15.00% | 12.10% | 16.30% | 15.60% | 11.80% |
| Earnings Yield | 0.77% | 0.71% | 0.42% | 1.52% | 1.89% | 2.21% |
| FCF Yield | 17.55% | 11.65% | 9.54% | 0.86% | 0.78% | -1.02% |
| Dividend Yield | 0.82% | 0.95% | 0.76% | 0.75% | 0.93% | 1.08% |
| Payout Ratio | 115.92% | 165.56% | 221.94% | 53.71% | 74.14% | 58.52% |
| Total Shareholder Return | 0.82% | 0.95% | 0.76% | 0.75% | 0.93% | 1.08% |