Board Change • 10h
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Ardhendu Shekhar Roy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 22
Argon Denims Limited to Report Q3, 2026 Results on Apr 28, 2026 Argon Denims Limited announced that they will report Q3, 2026 results on Apr 28, 2026 공시 • Jan 25
Argon Denims Limited to Report Q2, 2026 Results on Jan 28, 2026 Argon Denims Limited announced that they will report Q2, 2026 results on Jan 28, 2026 공시 • Nov 11
Argon Denims Limited to Report Q1, 2026 Results on Nov 13, 2025 Argon Denims Limited announced that they will report Q1, 2026 results on Nov 13, 2025 공시 • Oct 24
Argon Denims Limited announces Annual dividend, payable on January 18, 2026 Argon Denims Limited announced Annual dividend of BDT 1.0000 per share payable on January 18, 2026, ex-date on November 24, 2025 and record date on November 23, 2025. 공시 • Oct 23
Argon Denims Limited, Annual General Meeting, Dec 18, 2025 Argon Denims Limited, Annual General Meeting, Dec 18, 2025, at 10:30 Central Asia Standard Time. 공시 • Oct 15
Argon Denims Limited to Report Fiscal Year 2025 Results on Oct 22, 2025 Argon Denims Limited announced that they will report fiscal year 2025 results on Oct 22, 2025 공시 • Apr 21
Argon Denims Limited to Report Q3, 2025 Results on Apr 24, 2025 Argon Denims Limited announced that they will report Q3, 2025 results on Apr 24, 2025 공시 • Jan 22
Argon Denims Limited to Report Q2, 2025 Results on Jan 28, 2025 Argon Denims Limited announced that they will report Q2, 2025 results on Jan 28, 2025 공시 • Nov 09
Argon Denims Limited to Report Q1, 2025 Results on Nov 13, 2024 Argon Denims Limited announced that they will report Q1, 2025 results on Nov 13, 2024 Declared Dividend • Oct 26
Dividend of ৳1.00 announced Dividend of ৳1.00 is the same as last year. Ex-date: 25th November 2024 Payment date: 19th January 2025 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio). However, it is well covered by cash flows (37% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. However, EPS has declined by 20% over the last 5 years so the company would need to reverse this trend. 공시 • Oct 16
Argon Denims Limited to Report Fiscal Year 2024 Results on Oct 23, 2024 Argon Denims Limited announced that they will report fiscal year 2024 results on Oct 23, 2024 Reported Earnings • May 10
Third quarter 2024 earnings released: EPS: ৳0.14 (vs ৳0.21 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.14 (down from ৳0.21 in 3Q 2023). Revenue: ৳1.33b (up 2.8% from 3Q 2023). Net income: ৳20.1m (down 32% from 3Q 2023). Profit margin: 1.5% (down from 2.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Apr 26
Argon Denims Limited to Report Q3, 2024 Results on Apr 29, 2024 Argon Denims Limited announced that they will report Q3, 2024 results on Apr 29, 2024 Reported Earnings • Feb 01
Second quarter 2024 earnings released: EPS: ৳0.14 (vs ৳0.034 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.14 (up from ৳0.034 in 2Q 2023). Revenue: ৳1.40b (up 43% from 2Q 2023). Net income: ৳19.8m (up 314% from 2Q 2023). Profit margin: 1.4% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공시 • Jan 24
Argon Denims Limited to Report Q2, 2024 Results on Jan 28, 2024 Argon Denims Limited announced that they will report Q2, 2024 results on Jan 28, 2024 Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: ৳0.21 (vs ৳0.47 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.21 (down from ৳0.47 in 3Q 2022). Revenue: ৳1.30b (down 7.9% from 3Q 2022). Net income: ৳29.4m (down 55% from 3Q 2022). Profit margin: 2.3% (down from 4.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Dividend is not well covered by earnings (109% payout ratio). Market cap is less than US$100m (৳2.53b market cap, or US$22.9m). Upcoming Dividend • Nov 08
Upcoming dividend of ৳1.00 per share at 5.5% yield Eligible shareholders must have bought the stock before 15 November 2023. Payment date: 09 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.5%. Within top quartile of Bangladeshi dividend payers (3.3%). Higher than average of industry peers (2.6%). 공시 • Oct 21
Argon Denims Limited, Annual General Meeting, Dec 10, 2023 Argon Denims Limited, Annual General Meeting, Dec 10, 2023, at 15:00 Bangladesh Standard Time. 공시 • Oct 20
Argon Denims Limited Recommends Cash Dividend for the Year Ended on June 30, 2023 The Board of Directors of Argon Denims Limited recommended 10% Cash Dividend for the year ended June 30, 2023. Date of AGM: December 10, 2023. 공시 • Oct 11
Argon Denims Limited to Report Fiscal Year 2023 Results on Oct 18, 2023 Argon Denims Limited announced that they will report fiscal year 2023 results on Oct 18, 2023 Reported Earnings • May 03
Third quarter 2023 earnings released: EPS: ৳0.21 (vs ৳0.47 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.21 (down from ৳0.47 in 3Q 2022). Revenue: ৳1.30b (down 7.9% from 3Q 2022). Net income: ৳29.4m (down 55% from 3Q 2022). Profit margin: 2.3% (down from 4.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Feb 04
Second quarter 2023 earnings released: EPS: ৳0.034 (vs ৳0.07 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.034 (down from ৳0.07 in 2Q 2022). Revenue: ৳976.3m (down 24% from 2Q 2022). Net income: ৳4.78m (down 51% from 2Q 2022). Profit margin: 0.5% (down from 0.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Ardhendu Shekhar Roy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Oct 28
Argon Denims Limited Recommends Cash Dividend for the Year Ended on June 30, 2022 Argon Denims Limited announced that at its AGM to be held on December 5, 2022, recommended 10% cash dividend for the year ended on June 30, 2021. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Ardhendu Shekhar Roy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 03
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.07 (down from ৳0.36 in 2Q 2021). Revenue: ৳1.29b (up 86% from 2Q 2021). Net income: ৳9.69m (down 81% from 2Q 2021). Profit margin: 0.8% (down from 7.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Nov 14
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 21 November 2021. Payment date: 13 January 2022. Trailing yield: 4.3%. Within top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 19% share price gain to ৳25.80, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 47x in the Luxury industry in Bangladesh. Total returns to shareholders of 24% over the past three years. Is New 90 Day High Low • Jan 10
New 90-day high: ৳20.30 The company is up 1.0% from its price of ৳20.19 on 12 October 2020. The Bangladeshi market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: ৳19.70 The company is down 2.0% from its price of ৳20.10 on 23 July 2020. The Bangladeshi market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period. 공시 • Oct 07
Argon Denims Limited to Report Fiscal Year 2020 Results on Oct 12, 2020 Argon Denims Limited announced that they will report fiscal year 2020 results on Oct 12, 2020 공시 • Jun 21
Argon Denims Limited to Report Q3, 2020 Results on Jun 23, 2020 Argon Denims Limited announced that they will report Q3, 2020 results on Jun 23, 2020