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. 8 non-independent directors. Independent Director Urmi Tamanna was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Dhaka Electric Supply Company Limited to Report Q3, 2026 Results on Apr 29, 2026 Dhaka Electric Supply Company Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Announcement • Jan 25
Dhaka Electric Supply Company Limited to Report Q2, 2026 Results on Jan 28, 2026 Dhaka Electric Supply Company Limited announced that they will report Q2, 2026 results on Jan 28, 2026 Announcement • Nov 09
Dhaka Electric Supply Company Limited to Report Q1, 2026 Results on Nov 12, 2025 Dhaka Electric Supply Company Limited announced that they will report Q1, 2026 results on Nov 12, 2025 Announcement • Oct 13
Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 17, 2026 Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 17, 2026, at 10:00 Central Asia Standard Time. Announcement • Oct 07
Dhaka Electric Supply Company Limited to Report Fiscal Year 2025 Results on Oct 11, 2025 Dhaka Electric Supply Company Limited announced that they will report fiscal year 2025 results on Oct 11, 2025 Announcement • Apr 21
Dhaka Electric Supply Company Limited to Report Q3, 2025 Results on Apr 26, 2025 Dhaka Electric Supply Company Limited announced that they will report Q3, 2025 results on Apr 26, 2025 Announcement • Jan 27
Dhaka Electric Supply Company Limited to Report Q2, 2025 Results on Jan 30, 2025 Dhaka Electric Supply Company Limited announced that they will report Q2, 2025 results at 5:30 PM, Bangladesh Standard Time on Jan 30, 2025 Reported Earnings • Nov 17
First quarter 2025 earnings released: ৳0.81 loss per share (vs ৳3.82 loss in 1Q 2024) First quarter 2025 results: ৳0.81 loss per share (improved from ৳3.82 loss in 1Q 2024). Revenue: ৳21.6b (up 15% from 1Q 2024). Net loss: ৳322.4m (loss narrowed 79% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Nov 11
Dhaka Electric Supply Company Limited to Report Q1, 2025 Results on Nov 13, 2024 Dhaka Electric Supply Company Limited announced that they will report Q1, 2025 results on Nov 13, 2024 Reported Earnings • Oct 16
Full year 2024 earnings released: ৳12.72 loss per share (vs ৳13.61 loss in FY 2023) Full year 2024 results: ৳12.72 loss per share (improved from ৳13.61 loss in FY 2023). Revenue: ৳68.0b (up 24% from FY 2023). Net loss: ৳5.06b (loss narrowed 6.6% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 25, 2025 Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 25, 2025, at 10:00 Central Asia Standard Time. Announcement • Oct 03
Dhaka Electric Supply Company Limited to Report Fiscal Year 2024 Results on Oct 10, 2024 Dhaka Electric Supply Company Limited announced that they will report fiscal year 2024 results on Oct 10, 2024 New Risk • Oct 01
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 7.8% 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 Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings have declined by 78% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (৳9.54b market cap, or US$79.7m). Reported Earnings • May 07
Third quarter 2024 earnings released: ৳1.89 loss per share (vs ৳3.65 loss in 3Q 2023) Third quarter 2024 results: ৳1.89 loss per share (improved from ৳3.65 loss in 3Q 2023). Revenue: ৳13.3b (up 24% from 3Q 2023). Net loss: ৳753.8m (loss narrowed 48% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Dhaka Electric Supply Company Limited to Report Q3, 2024 Results on Apr 30, 2024 Dhaka Electric Supply Company Limited announced that they will report Q3, 2024 results on Apr 30, 2024 New Risk • Jan 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳10.9b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Earnings have declined by 65% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (৳10.9b market cap, or US$99.4m). Announcement • Jan 24
Dhaka Electric Supply Company Limited to Report Q2, 2024 Results on Jan 27, 2024 Dhaka Electric Supply Company Limited announced that they will report Q2, 2024 results on Jan 27, 2024 Upcoming Dividend • Nov 19
Upcoming dividend of ৳1.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 26 November 2023. Payment date: 26 February 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (4.1%). Reported Earnings • Nov 18
First quarter 2024 earnings released: ৳3.82 loss per share (vs ৳0.29 profit in 1Q 2023) First quarter 2024 results: ৳3.82 loss per share (down from ৳0.29 profit in 1Q 2023). Revenue: ৳18.8b (up 29% from 1Q 2023). Net loss: ৳1.52b (down ৳1.63b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Oct 26
Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 27, 2024 Dhaka Electric Supply Company Limited, Annual General Meeting, Jan 27, 2024, at 10:00 Bangladesh Standard Time. Reported Earnings • Oct 18
Full year 2023 earnings released: ৳13.61 loss per share (vs ৳1.59 profit in FY 2022) Full year 2023 results: ৳13.61 loss per share (down from ৳1.59 profit in FY 2022). Revenue: ৳55.3b (up 15% from FY 2022). Net loss: ৳5.41b (down ৳6.04b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Oct 17
Dhaka Electric Supply Company Limited Recommends Cash Dividend for the Year Ended June 30, 2023 The board of directors of Dhaka Electric Supply Company Limited has recommended 10% cash dividend for the ordinary shareholders except sponsor shareholder for the year ended June 30, 2023. The record date is November 23, 2023. The quantity of shares of ordinary shareholders is 12,85,81,047 shares. The dividend payable to ordinary shareholders is BDT 12,85,81,047.00. Announcement • Oct 10
Dhaka Electric Supply Company Limited to Report Fiscal Year 2023 Results on Oct 15, 2023 Dhaka Electric Supply Company Limited announced that they will report fiscal year 2023 results on Oct 15, 2023 Reported Earnings • May 04
Third quarter 2023 earnings released: ৳3.65 loss per share (vs ৳0.05 profit in 3Q 2022) Third quarter 2023 results: ৳3.65 loss per share (down from ৳0.05 profit in 3Q 2022). Revenue: ৳10.7b (up 7.7% from 3Q 2022). Net loss: ৳1.45b (down ৳1.47b from profit in 3Q 2022). Reported Earnings • Feb 04
Second quarter 2023 earnings released: ৳0.08 loss per share (vs ৳0.37 profit in 2Q 2022) Second quarter 2023 results: ৳0.08 loss per share (down from ৳0.37 profit in 2Q 2022). Revenue: ৳12.1b (up 8.4% from 2Q 2022). Net loss: ৳31.7m (down 121% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Nov 16
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 20 November 2022. Payment date: 13 February 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (4.3%). Announcement • Oct 17
Dhaka Electric Supply Company Limited Recommends Cash Dividend for the Year Ended June 30, 2022 The Board of Directors of Dhaka Electric Supply Company Limited has recommended 10% cash dividend for the year ended June 30, 2022. Announcement • Jul 28
Dhaka Electric Supply Company Limited Appoints Md. Nizam Uddin as Chairman of Board of Directors Dhaka Electric Supply Company Limited announced that Md. Nizam Uddin, Additional Secretary of Government of the People's Republic of Bangladesh has been appointed as the Chairman of the Board of Directors of the Company. Reported Earnings • Feb 05
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: ৳0.37 (up from ৳0.05 in 2Q 2021). Revenue: ৳11.2b (up 8.4% from 2Q 2021). Net income: ৳148.6m (up ৳129.7m from 2Q 2021). Profit margin: 1.3% (up from 0.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Dhaka Electric Supply Company Limited Appoints A. T. M. Mostafa Kamal as Chairman Dhaka Electric Supply Company Limited has informed that Mr. A. T. M. Mostafa Kamal, Additional Secretary of Government of the People's Republic of Bangladesh has been appointed as the Chairman of the Board of Directors of the Company with effect from February 01, 2022. Reported Earnings • Nov 24
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: ৳0.14 (down from ৳0.27 in 1Q 2021). Revenue: ৳13.3b (up 7.4% from 1Q 2021). Net income: ৳55.1m (down 48% from 1Q 2021). Profit margin: 0.4% (down from 0.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 14
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 21 November 2021. Payment date: 14 February 2022. Trailing yield: 2.6%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (4.1%). Reported Earnings • Oct 20
Full year 2021 earnings released: EPS ৳1.86 (vs ৳1.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ৳44.1b (up 11% from FY 2020). Net income: ৳739.1m (up 62% from FY 2020). Profit margin: 1.7% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to ৳43.90, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 13% over the past three years. Reported Earnings • Jun 03
Third quarter 2020 earnings released: ৳0.70 loss per share (vs ৳0.23 profit in 3Q 2019) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2020 results: Revenue: ৳7.96b (up 3.6% from 3Q 2019). Net loss: ৳277.4m (down 397% from profit in 3Q 2019). Reported Earnings • Mar 18
Second quarter 2020 earnings released: EPS ৳0.93 (vs ৳0.80 in 2Q 2019) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2020 results: Revenue: ৳9.88b (up 4.2% from 2Q 2019). Net income: ৳370.7m (up 16% from 2Q 2019). Profit margin: 3.8% (up from 3.4% in 2Q 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 04
New 90-day high: ৳37.70 The company is up 5.0% from its price of ৳36.00 on 06 October 2020. The Bangladeshi market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period. Reported Earnings • Nov 24
Second quarter 2020 earnings released: EPS ৳0.93 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2020 results: Revenue: ৳9.88b (up 4.2% from 2Q 2019). Net income: ৳370.7m (up 16% from 2Q 2019). Profit margin: 3.8% (up from 3.4% in 2Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Oct 10
Dhaka Electric Supply Company Limited to Report Fiscal Year 2020 Results on Oct 15, 2020 Dhaka Electric Supply Company Limited announced that they will report fiscal year 2020 results on Oct 15, 2020 Announcement • Jun 22
Dhaka Electric Supply Company Limited to Report Q3, 2020 Results on Jun 24, 2020 Dhaka Electric Supply Company Limited announced that they will report Q3, 2020 results on Jun 24, 2020