Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Md. Islam was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Tosrifa Industries Limited to Report Q3, 2026 Results on Apr 29, 2026 Tosrifa Industries Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Announcement • Jan 26
Tosrifa Industries Limited to Report Q2, 2026 Results on Jan 28, 2026 Tosrifa Industries Limited announced that they will report Q2, 2026 results on Jan 28, 2026 Announcement • Nov 05
Tosrifa Industries Limited to Report Q1, 2026 Results on Nov 13, 2025 Tosrifa Industries Limited announced that they will report Q1, 2026 results on Nov 13, 2025 Announcement • Oct 28
Tosrifa Industries Limited announces Annual dividend, payable on January 27, 2026 Tosrifa Industries Limited announced Annual dividend of BDT 0.4000 per share payable on January 27, 2026, ex-date on November 23, 2025 and record date on November 20, 2025. Announcement • Oct 27
Tosrifa Industries Limited, Annual General Meeting, Dec 28, 2025 Tosrifa Industries Limited, Annual General Meeting, Dec 28, 2025, at 10:00 Central Asia Standard Time. Location: hybrid system in combination, of both physical presence, at holding no. 121/1, block-h, beraiderchala, sreepur, gazipur, Bangladesh Announcement • Oct 20
Tosrifa Industries Limited to Report Fiscal Year 2025 Results on Oct 26, 2025 Tosrifa Industries Limited announced that they will report fiscal year 2025 results on Oct 26, 2025 Announcement • Apr 25
Tosrifa Industries Limited to Report Q3, 2025 Results on Apr 29, 2025 Tosrifa Industries Limited announced that they will report Q3, 2025 results on Apr 29, 2025 Announcement • Jan 22
Tosrifa Industries Limited to Report Q2, 2025 Results on Jan 29, 2025 Tosrifa Industries Limited announced that they will report Q2, 2025 results on Jan 29, 2025 Upcoming Dividend • Nov 15
Upcoming dividend of ৳0.35 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 26 January 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Bangladeshi dividend payers (4.3%). Lower than average of industry peers (3.3%). Announcement • Nov 09
Tosrifa Industries Limited to Report Q1, 2025 Results on Nov 13, 2024 Tosrifa Industries Limited announced that they will report Q1, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳21.60, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 21x in the Luxury industry in Bangladesh. Total returns to shareholders of 17% over the past three years. Declared Dividend • Oct 30
Dividend of ৳0.35 announced Shareholders will receive a dividend of ৳0.35. Ex-date: 21st November 2024 Payment date: 26th January 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 35% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Announcement • Oct 28
Tosrifa Industries Limited, Annual General Meeting, Dec 26, 2024 Tosrifa Industries Limited, Annual General Meeting, Dec 26, 2024, at 10:00 Central Asia Standard Time. Location: hybrid system, Bangladesh Announcement • Oct 17
Tosrifa Industries Limited to Report Fiscal Year 2024 Results on Oct 26, 2024 Tosrifa Industries Limited announced that they will report fiscal year 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳19.80, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 21x in the Luxury industry in Bangladesh. Total returns to shareholders of 1.9% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳23.80, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 29x in the Luxury industry in Bangladesh. Total returns to shareholders of 73% over the past three years. Reported Earnings • May 04
Third quarter 2024 earnings released: EPS: ৳0.08 (vs ৳0.39 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.08 (down from ৳0.39 in 3Q 2023). Revenue: ৳979.8m (down 30% from 3Q 2023). Net income: ৳5.52m (down 79% from 3Q 2023). Profit margin: 0.6% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Announcement • Apr 23
Tosrifa Industries Limited to Report Q3, 2024 Results on Apr 30, 2024 Tosrifa Industries Limited announced that they will report Q3, 2024 results on Apr 30, 2024 Announcement • Apr 04
Tosrifa Industries Limited Announces Appointment of Lyra Rizwana Quader as New Chairman Tosrifa Industries Limited informed that the Board of Directors approved the appointment of Mrs. Lyra Rizwana Quader as new Chairman of the Company with effect from March 20, 2024. Reported Earnings • Feb 06
Second quarter 2024 earnings released: EPS: ৳0.13 (vs ৳0.32 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.13 (down from ৳0.32 in 2Q 2023). Revenue: ৳1.07b (down 3.7% from 2Q 2023). Net income: ৳8.86m (down 60% from 2Q 2023). Profit margin: 0.8% (down from 2.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Tosrifa Industries Limited to Report Q2, 2024 Results on Jan 30, 2024 Tosrifa Industries Limited announced that they will report Q2, 2024 results on Jan 30, 2024 New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Bangladeshi stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (৳1.41b market cap, or US$12.8m). Buying Opportunity • Dec 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ৳28.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Nov 19
Upcoming dividend of ৳0.35 per share at 1.5% yield Eligible shareholders must have bought the stock before 26 November 2023. Payment date: 28 January 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.6%). Reported Earnings • Nov 08
Full year 2023 earnings released: EPS: ৳1.04 (vs ৳1.61 in FY 2022) Full year 2023 results: EPS: ৳1.04 (down from ৳1.61 in FY 2022). Revenue: ৳5.11b (up 4.2% from FY 2022). Net income: ৳70.8m (down 35% from FY 2022). Profit margin: 1.4% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳24.70, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 27x in the Luxury industry in Bangladesh. Total returns to shareholders of 148% over the past three years. Announcement • Oct 31
Tosrifa Industries Limited Recommends Cash Dividend for the Year Ended June 30, 2023 Tosrifa Industries Limited has recommended 3.50% Cash Dividend for the year ended June 30, 2023. Announcement • Oct 30
Tosrifa Industries Limited, Annual General Meeting, Dec 27, 2023 Tosrifa Industries Limited, Annual General Meeting, Dec 27, 2023, at 16:00 Bangladesh Standard Time. New Risk • Oct 26
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 6.4% 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 Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (৳2.04b market cap, or US$18.6m). Announcement • Oct 17
Tosrifa Industries Limited to Report Fiscal Year 2023 Results on Oct 26, 2023 Tosrifa Industries Limited announced that they will report fiscal year 2023 results on Oct 26, 2023 Buying Opportunity • Jul 20
Now 22% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be ৳38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 06
Third quarter 2023 earnings released: EPS: ৳0.39 (vs ৳0.35 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.39 (up from ৳0.35 in 3Q 2022). Revenue: ৳1.39b (up 20% from 3Q 2022). Net income: ৳26.6m (up 13% from 3Q 2022). Profit margin: 1.9% (down from 2.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳25.00, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 25x in the Luxury industry in Bangladesh. Total returns to shareholders of 151% over the past three years. Reported Earnings • Mar 24
Second quarter 2023 earnings released: EPS: ৳0.32 (vs ৳0.27 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.32 (up from ৳0.27 in 2Q 2022). Revenue: ৳1.11b (down 8.9% from 2Q 2022). Net income: ৳21.9m (up 20% from 2Q 2022). Profit margin: 2.0% (up from 1.5% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Dec 14
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. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Anjuman Begum was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 24
Upcoming dividend of ৳0.30 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 25 January 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.7%). Reported Earnings • Nov 22
First quarter 2023 earnings released: EPS: ৳0.27 (vs ৳0.16 in 1Q 2022) First quarter 2023 results: EPS: ৳0.27 (up from ৳0.16 in 1Q 2022). Revenue: ৳1.04b (up 16% from 1Q 2022). Net income: ৳18.2m (up 69% from 1Q 2022). Profit margin: 1.7% (up from 1.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
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. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Anjuman Begum was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 01
Tosrifa Industries Limited Recommends Dividend for the Year Ended June 30, 2022 Tosrifa Industries Limited recommends dividend for the year ended June 30, 2022. The Board of Directors has recommended 3% cash dividend for the year ended June 30, 2022. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 19% share price gain to ৳28.60, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 23x in the Luxury industry in Bangladesh. Total returns to shareholders of 63% over the past three years. Board Change • Apr 27
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. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Anjuman Begum was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 19% share price gain to ৳20.90, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 26x in the Luxury industry in Bangladesh. Total returns to shareholders of 16% over the past three years. Reported Earnings • Feb 09
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.28 (up from ৳0.12 in 2Q 2021). Revenue: ৳1.22b (up 76% from 2Q 2021). Net income: ৳18.3m (up 129% from 2Q 2021). Profit margin: 1.5% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 26
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ৳0.16 (up from ৳0.10 in 1Q 2021). Revenue: ৳896.9m (up 22% from 1Q 2021). Net income: ৳10.8m (up 57% from 1Q 2021). Profit margin: 1.2% (up from 0.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to ৳20.60, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 51x in the Luxury industry in Bangladesh. Total returns to shareholders of 7.7% over the past three years. Upcoming Dividend • Nov 15
Upcoming dividend of ৳0.25 per share Eligible shareholders must have bought the stock before 22 November 2021. Payment date: 23 January 2022. Trailing yield: 1.3%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ৳17.20, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 60x in the Luxury industry in Bangladesh. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to ৳23.40, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 60x in the Luxury industry in Bangladesh. Total returns to shareholders of 16% over the past three years. Reported Earnings • May 31
Third quarter 2021 earnings released: EPS ৳0.14 (vs ৳1.86 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳771.0m (up 94% from 3Q 2020). Net income: ৳9.04m (up ৳132.1m from 3Q 2020). Profit margin: 1.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 02
Second quarter 2021 earnings released: EPS ৳0.12 (vs ৳0.23 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳693.1m (up 33% from 2Q 2020). Net income: ৳7.98m (up ৳23.1m from 2Q 2020). Profit margin: 1.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 12
New 90-day high: ৳13.30 The company is up 14% from its price of ৳11.70 on 14 October 2020. The Bangladeshi market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is flat over the same period. Reported Earnings • Dec 31
First quarter 2021 earnings released: EPS ৳0.10 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳734.2m (up 33% from 1Q 2020). Net income: ৳6.86m (up ৳54.6m from 1Q 2020). Profit margin: 0.9% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 109% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 21
Full year 2020 earnings released: ৳2.87 loss per share The company reported a poor full year result with weaker earnings and control over expenses, although revenues were flat. Full year 2020 results: Revenue: ৳1.96b (flat on FY 2019). Net loss: ৳190.2m (down ৳198.0m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 107% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Oct 30
Tosrifa Industries Limited Recommends No Dividend for the Year Ended on June 30, 2020 Tosrifa Industries Limited announced that the Board of Directors has recommended No dividend for the year ended on June 30, 2020. Is New 90 Day High Low • Oct 07
New 90-day high: ৳13.40 The company is up 28% from its price of ৳10.50 on 09 July 2020. The Bangladeshi market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. Announcement • Jul 07
Tosrifa Industries Limited to Report Q3, 2020 Results on Jun 29, 2020 Tosrifa Industries Limited announced that they will report Q3, 2020 results on Jun 29, 2020