DSE : ZEALBANGLA
Zeal Bangla Sugar Mills Limited — Financial statements
Sugar And Confectionery Products · Bangladesh
Last price 164 BDT (At close: Oct 29, 2026) · Market cap 984.00M
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Financial statements
Zeal Bangla Sugar Mills Limited (ZEALBANGLA) reported revenue of 589.71M 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 | 589.71M | 289.60M | 243.11M | 345.67M | 311.45M | 330.94M |
| Cost of Revenue | 748.07M | 367.78M | 355.97M | 541.12M | 481.96M | 494.68M |
| Gross Profit | -158.37M | -78.18M | -112.86M | -195.46M | -170.51M | -163.73M |
| Selling, General & Admin | 80.07M | 80.24M | 80.57M | 82.47M | 81.63M | 83.68M |
| Other Operating Expenses | 38.49M | 20.60M | ||||
| Operating Expenses | 81.29M | 80.84M | 81.10M | 82.94M | 120.58M | 104.73M |
| Operating Income | -239.66M | -159.03M | -193.96M | -278.40M | -291.09M | -268.46M |
| Interest Expense | -313.38M | -323.03M | -260.85M | -256.34M | -238.62M | -426.48M |
| Interest & Investment Income | 7.34M | 7.34M | 7.40M | 3.23M | 1.72M | 673.88K |
| Other Non Operating Income (Expenses) | 7.23M | 7.23M | 4.78M | 436.76K | 1.76M | 7.43M |
| EBT Excluding Unusual Items | -538.48M | -467.49M | -442.63M | -531.07M | -526.23M | -686.83M |
| Other Unusual Items | 169.52K | 169.52K | 290.76K | 3.17K | 17.62K | 5.88K |
| Pretax Income | -538.31M | -467.32M | -442.34M | -531.06M | -526.21M | -686.83M |
| Income Tax Expense | 7.59M | 5.87M | 3.98M | 3.36M | 3.42M | 9.02M |
| Net Income | -545.90M | -473.19M | -446.32M | -534.42M | -529.63M | -695.85M |
| Net Income to Common | -545.90M | -473.19M | -446.32M | -534.42M | -529.63M | -695.85M |
| Shares Outstanding (Basic) | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M |
| Shares Outstanding (Diluted) | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M |
| EPS (Basic) | -90.98 | -78.87 | -74.39 | -89.07 | -88.27 | -115.97 |
| EPS (Diluted) | -90.98 | -78.87 | -74.39 | -89.07 | -88.27 | -115.97 |
| Free Cash Flow | -684.80M | -834.96M | -393.28M | -452.45M | -372.26M | -678.91M |
| Free Cash Flow Per Share | -114.13 | -139.16 | -65.55 | -75.41 | -62.04 | -113.15 |
| Gross Margin | -26.86% | -27.00% | -46.42% | -56.55% | -54.74% | -49.47% |
| Operating Margin | -40.64% | -54.91% | -79.78% | -80.54% | -93.46% | -81.12% |
| Profit Margin | -92.57% | -163.40% | -183.59% | -154.61% | -170.05% | -210.26% |
| Free Cash Flow Margin | -116.12% | -288.32% | -161.78% | -130.89% | -119.53% | -205.14% |
| EBITDA | -227.81M | -147.79M | -184.04M | -269.69M | -282.40M | -260.06M |
| EBITDA Margin | -38.63% | -51.03% | -75.70% | -78.02% | -90.67% | -78.58% |
| D&A For EBITDA | 11.85M | 11.23M | 9.92M | 8.71M | 8.69M | 8.40M |
| EBIT | -239.66M | -159.03M | -193.96M | -278.40M | -291.09M | -268.46M |
| EBIT Margin | -40.64% | -54.91% | -79.78% | -80.54% | -93.46% | -81.12% |
| Advertising Expenses | 1.66M | 1.42M | 1.71M | 1.03M | 514.65K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.37M | 54.13M | 87.09M | 85.97M | 31.72M | 39.47M |
| Cash & Short-Term Investments | 30.37M | 54.13M | 87.09M | 85.97M | 31.72M | 39.47M |
| Accounts Receivable | 38.66M | 15.63M | 777.50K | 876.34K | 121.74K | 16.27M |
| Other Receivables | 12.97M | 18.34M | 12.68M | 25.35M | 3.47M | 5.36M |
| Receivables | 124.81M | 119.42M | 100.95M | 86.37M | 46.58M | 53.71M |
| Inventory | 905.51M | 681.98M | 319.05M | 135.21M | 183.42M | 256.08M |
| Other Current Assets | 7.02M | 9.86M | 8.59M | 5.90M | 9.05M | 8.75M |
| Total Current Assets | 1.07B | 865.40M | 515.69M | 313.45M | 270.78M | 358.02M |
| Property, Plant & Equipment | 155.27M | 147.25M | 140.82M | 124.11M | 121.28M | |
| Total Assets | 1.21B | 1.02B | 662.94M | 454.27M | 394.89M | 479.29M |
| Accounts Payable | 41.46M | 39.90M | 34.46M | 38.46M | 39.56M | |
| Accrued Expenses | 483.46M | 632.61M | 583.91M | 365.16M | 291.81M | 224.19M |
| Short-Term Debt | 2.74B | 2.44B | 2.39B | 2.50B | 2.43B | 2.35B |
| Current Portion of Long-Term Debt | 59.55M | 59.55M | 59.55M | 59.55M | 59.55M | 59.51M |
| Current Income Taxes Payable | 23.81M | 21.86M | 17.60M | 16.76M | 14.10M | |
| Current Unearned Revenue | 5.77M | 1.01M | 12.57M | |||
| Other Current Liabilities | 266.25M | 24.65M | 33.28M | 28.36M | 27.96M | 16.62M |
| Total Current Liabilities | 3.55B | 3.22B | 3.14B | 3.01B | 2.86B | 2.71B |
| Long-Term Debt | 4.81B | 4.62B | 3.89B | 3.38B | 2.95B | 2.66B |
| Long-Term Deferred Tax Liabilities | 13.11M | 13.43M | 13.77M | 14.06M | 13.69M | 12.93M |
| Other Long-Term Liabilities | -1.00 | |||||
| Total Liabilities | 8.37B | 7.86B | 7.04B | 6.41B | 5.83B | 5.38B |
| Common Stock | 60.00M | 60.00M | 60.00M | 60.00M | 60.00M | 60.00M |
| Retained Earnings | -7.36B | -7.04B | -6.57B | -6.12B | -5.59B | -5.06B |
| Comprehensive Income & Other | 145.54M | 145.54M | 127.14M | 108.74M | 92.54M | 92.54M |
| Shareholders' Equity | -7.15B | -6.84B | -6.38B | -5.95B | -5.43B | -4.90B |
| Total Liabilities & Equity | 1.21B | 1.02B | 662.94M | 454.27M | 394.89M | 479.29M |
| Total Debt | 7.61B | 7.12B | 6.34B | 5.95B | 5.44B | 5.06B |
| Net Cash (Debt) | -7.57B | -7.07B | -6.26B | -5.86B | -5.41B | -5.02B |
| Net Cash Per Share | -1,262.49 | -1,177.62 | -1,042.95 | -976.85 | -901.28 | -837.41 |
| Filing Date Shares Outstanding | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M |
| Total Common Shares Outstanding | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M | 6.00M |
| Working Capital | -2.48B | -2.36B | -2.62B | -2.69B | -2.59B | -2.35B |
| Book Value Per Share | -1,192.26 | -1,139.19 | -1,063.39 | -992.07 | -905.70 | -817.43 |
| Tangible Book Value | -7.15B | -6.84B | -6.38B | -5.95B | -5.43B | -4.90B |
| Tangible Book Value Per Share | -1,192.26 | -1,139.19 | -1,063.39 | -992.07 | -905.70 | -817.43 |
| Land | 14.11M | 14.11M | 14.11M | 14.11M | 14.11M | |
| Buildings | 54.09M | 52.65M | 50.58M | 45.75M | 44.13M | |
| Machinery | 318.87M | 301.06M | 286.79M | 268.74M | 258.83M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -545.90M | -473.19M | -446.32M | -534.42M | -529.63M | -695.85M |
| Depreciation & Amortization | 11.85M | 11.23M | 9.92M | 8.71M | 8.69M | 8.40M |
| Other Operating Activities | 222.25M | 3.98M | 3.36M | 3.42M | -197.62K | |
| Change in Accounts Receivable | -14.86M | -14.86M | 98.84K | -876.34K | 16.15M | 24.85M |
| Change in Inventory | -369.42M | -369.42M | -189.47M | 48.21M | 72.66M | 23.00M |
| Change in Accounts Payable | 20.51M | 20.51M | 38.22M | -14.24M | -16.35M | -36.15M |
| Change in Income Taxes | -318.44K | -318.44K | -3.00M | 4.47M | ||
| Change in Other Net Operating Assets | 10.69M | 10.69M | 209.64M | 62.23M | 84.32M | 5.99M |
| Operating Cash Flow | -665.54M | -815.70M | -376.94M | -427.04M | -360.75M | -665.49M |
| Capital Expenditures | -19.26M | -19.26M | -16.34M | -25.42M | -11.52M | -13.42M |
| Investing Cash Flow | -10.72M | -10.72M | -38.07M | -42.57M | -22.52M | 25.22M |
| Short-Term Debt Issued | 47.69M | 76.07M | 81.24M | 269.23M | ||
| Long-Term Debt Issued | 727.37M | 507.77M | 431.59M | 294.28M | 402.41M | |
| Total Debt Issued | 679.56M | 775.06M | 507.77M | 507.66M | 375.51M | 671.64M |
| Short-Term Debt Repaid | -110.04M | |||||
| Total Debt Repaid | -110.04M | |||||
| Net Debt Issued (Repaid) | 679.56M | 775.06M | 397.73M | 507.66M | 375.51M | 671.64M |
| Other Financing Activities | 4.60M | 18.40M | 18.40M | 16.20M | -1.00 | |
| Financing Cash Flow | 684.16M | 793.46M | 416.13M | 523.86M | 375.51M | 671.64M |
| Net Cash Flow | 7.91M | -32.96M | 1.12M | 54.25M | -7.75M | 31.36M |
| Free Cash Flow | -684.80M | -834.96M | -393.28M | -452.45M | -372.26M | -678.91M |
| Free Cash Flow Margin | -116.12% | -288.32% | -161.78% | -130.89% | -119.53% | -205.14% |
| Free Cash Flow Per Share | -114.13 | -139.16 | -65.55 | -75.41 | -62.04 | -113.15 |
| Levered Free Cash Flow | -466.36M | -654.17M | -252.66M | -269.76M | -185.46M | |
| Unlevered Free Cash Flow | -270.50M | -452.28M | -89.63M | -109.55M | -36.33M | |
| Cash Interest Paid | 426.48M | |||||
| Change in Working Capital | -353.74M | -353.74M | 55.49M | 95.32M | 156.78M | 22.15M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 984.00M | 508.80M | 577.20M | 793.80M | 1.03B | 718.20M |
| Enterprise Value | 8.56B | 6.77B | 6.44B | 6.20B | 2.32B | 2.00B |
| Last Close Price | 164.00 | 84.80 | 96.20 | 132.30 | 172.20 | 119.70 |
| PS Ratio | 1.67 | 1.76 | 2.37 | 2.30 | 3.32 | 2.17 |
| PB Ratio | -0.07 | -0.09 | -0.13 | -0.19 | -0.15 | |
| EV/Sales Ratio | 14.51 | 23.36 | 26.48 | 17.94 | 7.44 | 6.05 |
| Debt / Equity Ratio | -1.06 | -1.04 | -0.99 | -1.00 | -1.00 | -1.03 |
| Net Debt / Equity Ratio | -1.06 | -1.03 | -0.98 | -0.98 | -0.99 | -1.02 |
| Net Debt / EBITDA Ratio | -33.25 | -47.81 | -34.00 | -21.73 | -19.15 | -19.32 |
| Net Debt / FCF Ratio | -11.06 | -8.46 | -15.91 | -12.95 | -14.53 | -7.40 |
| Asset Turnover | 0.52 | 0.34 | 0.43 | 0.81 | 0.71 | |
| Inventory Turnover | 0.88 | 0.73 | 1.57 | 3.40 | 2.19 | |
| Quick Ratio | 0.02 | 0.03 | 0.03 | 0.04 | 0.01 | 0.02 |
| Current Ratio | 0.30 | 0.27 | 0.16 | 0.10 | 0.10 | 0.13 |
| Return on Assets (ROA) | -13.18% | -11.81% | -21.70% | -40.98% | -41.62% | |
| Return on Capital Employed (ROCE) | 10.30% | 7.20% | 7.80% | 10.90% | 11.80% | 12.00% |
| Earnings Yield | -55.48% | -93.00% | -77.33% | -67.32% | -51.26% | -96.89% |
| FCF Yield | -69.59% | -164.10% | -68.14% | -57.00% | -36.03% | -94.53% |
| Buyback Yield / Dilution | -0.01% |