Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Mirza Rahman was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 25
Ring Shine Textiles Limited to Report Q3, 2025 Results on Apr 28, 2025 Ring Shine Textiles Limited announced that they will report Q3, 2025 results on Apr 28, 2025 공시 • Jan 27
Ring Shine Textiles Limited to Report Q2, 2025 Results on Jan 29, 2025 Ring Shine Textiles Limited announced that they will report Q2, 2025 results on Jan 29, 2025 공시 • Nov 25
Ring Shine Textiles Limited to Report Q1, 2024 Results on Nov 27, 2024 Ring Shine Textiles Limited announced that they will report Q1, 2024 results on Nov 27, 2024 공시 • Oct 29
Ring Shine Textiles Limited, Annual General Meeting, Dec 18, 2024 Ring Shine Textiles Limited, Annual General Meeting, Dec 18, 2024, at 14:30 Central Asia Standard Time. Location: hybrid platform through the link, Bangladesh 공시 • Oct 21
Ring Shine Textiles Limited to Report Fiscal Year 2024 Results on Oct 27, 2024 Ring Shine Textiles Limited announced that they will report fiscal year 2024 results on Oct 27, 2024 Reported Earnings • Aug 24
Third quarter 2024 earnings released: ৳0.97 loss per share (vs ৳0.89 loss in 3Q 2023) Third quarter 2024 results: ৳0.97 loss per share (further deteriorated from ৳0.89 loss in 3Q 2023). Revenue: ৳394.0m (down 56% from 3Q 2023). Net loss: ৳485.8m (loss widened 9.6% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year and the company’s share price has also fallen by 31% per year. 공시 • Aug 15
Ring Shine Textiles Limited to Report Q3, 2024 Results on Aug 19, 2024 Ring Shine Textiles Limited announced that they will report Q3, 2024 results on Aug 19, 2024 공시 • Aug 07
Ring Shine Textiles Limited Announces Appointment of Mohammad Moniruzzaman as Chairman of the Board of Directors Ring Shine Textiles Limited announced that the Board of Directors has appointed Mr. Mohammad Moniruzzaman PhD. FCA, ACMA, Independent Director of the company as the Chairman of the Board of Directors with effect from August 6, 2024. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-৳871m free cash flow). Negative equity (-৳3.2b). Earnings have declined by 56% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (৳1.80b market cap, or US$15.3m). Reported Earnings • Jun 24
Second quarter 2024 earnings released: ৳0.55 loss per share (vs ৳0.38 loss in 2Q 2023) Second quarter 2024 results: ৳0.55 loss per share (further deteriorated from ৳0.38 loss in 2Q 2023). Revenue: ৳257.7m (down 35% from 2Q 2023). Net loss: ৳277.2m (loss widened 44% from 2Q 2023). 공시 • Jun 10
Ring Shine Textiles Limited to Report Q2, 2024 Results on Jun 10, 2024 Ring Shine Textiles Limited announced that they will report Q2, 2024 results on Jun 10, 2024 공시 • Apr 17
Ring Shine Textiles Limited Appoints Md. Moshihor Rahman as Company Secretary Ring Shine Textiles Limited has informed that the Board of Directors has appointed Mr. Md. Moshihor Rahman, FCS as the Company Secretary and Sr. GM of the company. 공시 • Feb 28
Ring Shine Textiles Limited Announces Appointment of A.K.M. Shahidul Islam as Chairman of the Board of Directors Ring Shine Textiles Limited announced that Mr. A.K.M. Shahidul Islam, retired District Judge, has been appointed as the Chairman of the Board of Directors of the company with effect from February 18, 2024. Reported Earnings • Dec 27
Full year 2023 earnings released: ৳2.53 loss per share (vs ৳1.53 loss in FY 2022) Full year 2023 results: ৳2.53 loss per share (further deteriorated from ৳1.53 loss in FY 2022). Revenue: ৳2.78b (down 2.8% from FY 2022). Net loss: ৳1.26b (loss widened 64% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Dec 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Negative equity (-৳1.6b). Earnings have declined by 66% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (৳4.86b market cap, or US$44.2m). 공시 • Nov 29
Ring Shine Textiles Limited, Annual General Meeting, Jan 20, 2024 Ring Shine Textiles Limited, Annual General Meeting, Jan 20, 2024, at 10:30 Bangladesh Standard Time. 공시 • Nov 17
Ring Shine Textiles Limited to Report Fiscal Year 2023 Results on Nov 27, 2023 Ring Shine Textiles Limited announced that they will report fiscal year 2023 results on Nov 27, 2023 공시 • Oct 17
Ring Shine Textiles Limited to Report Q4, 2023 Results on Oct 26, 2023 Ring Shine Textiles Limited announced that they will report Q4, 2023 results on Oct 26, 2023 공시 • Aug 29
Ring Shine Textiles Limited Appoints Sung Wen Li Angela as the New Managing Director Ring Shine Textiles Limited company has confirmed the appointment of Sung Wen Li Angela as the new Managing Director of the Company with effect from August 28, 2023. Board Change • Jun 12
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Managing Director & Director Mokbul Hossain was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • May 31
Ring Shine Textiles Limited to Report Q3, 2023 Results on Jun 04, 2023 Ring Shine Textiles Limited announced that they will report Q3, 2023 results on Jun 04, 2023 공시 • May 25
Ring Shine Textiles Limited Appoints Brigadier General A.H.M. Mokbul Hossain, Ndc, Psc (Retd) as Managing Director Ring Shine Textiles Limited that the Board of Directors has appointed Brigadier General A.H.M. Mokbul Hossain, ndc, psc (retd) as Managing Director of the company with effect from May 24, 2023. 공시 • May 24
Ring Shine Textiles Limited Announces Resignation of Sung Wey Min as Managing Director Ring Shine Textiles Limited announced that the Board of Directors has accepted the resignation of Mr. Sung Wey Min as the Managing Director of the company. 공시 • Jun 15
Ring Shine Textiles Limited Announces Resumption of Production with 25% of Its Production Capacity Ring Shine Textiles Limited refer to their earlier news disseminated by DSE on 30.05.2021, regarding Lay Off permission, the Company has further informed that they have resumed their production from 13 June, 2021 with 25% of its production capacity. Accordingly, the factory lay-off has been declared withdrawn from the date of resumption of production. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to ৳9.20, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 41x in the Luxury industry in Bangladesh. Total returns to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 22% share price gain to ৳8.30, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 29x in the Luxury industry in Bangladesh. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 17% share price gain to ৳5.50, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 27x in the Luxury industry in Bangladesh. 공시 • Jan 29
Ring Shine Textiles Limited Announces Board Appointments Ring Shine Textiles Limited appointed Mr. Mejbah Uddin, Chairman of Directors; Dr. Mohammad Mizanur Rahman; Dr. Mohammad Sogir Hossain Khandaker; Dr. Mohammad Moniruzzaman; Dr. Md. Foroz Ali; Mr. Istak Ahmed Shimul; and Mr. Abdur Razzak as Independent Directors. 공시 • Jul 06
Ring Shine Textiles Limited to Report Q3, 2020 Results on Jun 27, 2020 Ring Shine Textiles Limited announced that they will report Q3, 2020 results on Jun 27, 2020