Board Change • May 20
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Md. Aftab Ahmed was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jun 04
Standard Ceramic Industries Limited to Report Q3, 2025 Results on Jun 17, 2025 Standard Ceramic Industries Limited announced that they will report Q3, 2025 results on Jun 17, 2025 Tillkännagivande • Jan 27
Standard Ceramic Industries Limited to Report Q2, 2025 Results on Jan 29, 2025 Standard Ceramic Industries Limited announced that they will report Q2, 2025 results on Jan 29, 2025 Tillkännagivande • Dec 29
Standard Ceramic Industries Limited to Report Q1, 2025 Results on Jan 01, 2025 Standard Ceramic Industries Limited announced that they will report Q1, 2025 results on Jan 01, 2025 Tillkännagivande • Nov 18
Standard Ceramic Industries Limited, Annual General Meeting, Dec 26, 2024 Standard Ceramic Industries Limited, Annual General Meeting, Dec 26, 2024, at 10:30 Central Asia Standard Time. Location: will be notified later, Bangladesh Tillkännagivande • Nov 09
Standard Ceramic Industries Limited to Report Fiscal Year 2024 Results on Nov 16, 2024 Standard Ceramic Industries Limited announced that they will report fiscal year 2024 results on Nov 16, 2024 Reported Earnings • Jul 03
Third quarter 2024 earnings released: ৳3.26 loss per share (vs ৳2.03 loss in 3Q 2023) Third quarter 2024 results: ৳3.26 loss per share (further deteriorated from ৳2.03 loss in 3Q 2023). Revenue: ৳1.51m (down 98% from 3Q 2023). Net loss: ৳21.0m (loss widened 60% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Jun 04
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 (-৳110m free cash flow). Negative equity (-৳174m). Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (৳642.8m market cap, or US$5.46m). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Revenue is less than US$5m (৳217m revenue, or US$1.8m). Tillkännagivande • May 23
Standard Ceramic Industries Limited to Report Q3, 2024 Results on May 26, 2024 Standard Ceramic Industries Limited announced that they will report Q3, 2024 results on May 26, 2024 Reported Earnings • May 18
Second quarter 2024 earnings released: ৳4.71 loss per share (vs ৳1.33 loss in 2Q 2023) Second quarter 2024 results: ৳4.71 loss per share (further deteriorated from ৳1.33 loss in 2Q 2023). Revenue: ৳36.6m (down 39% from 2Q 2023). Net loss: ৳30.4m (loss widened 256% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Apr 29
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. 6 non-independent directors. Independent Director A. K. M Rahman was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 24
Standard Ceramic Industries Limited to Report Q2, 2024 Results on Apr 30, 2024 Standard Ceramic Industries Limited announced that they will report Q2, 2024 results on Apr 30, 2024 Tillkännagivande • Feb 21
Standard Ceramic Industries Limited to Report Q1, 2024 Results on Feb 27, 2024 Standard Ceramic Industries Limited announced that they will report Q1, 2024 results on Feb 27, 2024 Tillkännagivande • Jan 29
Standard Ceramic Industries Limited Announces Temporary Close of Factory Standard Ceramic Industries Limited has informed that the production in the factory is currently stopped due to the post-corona financial crisis, the current global negative situation, shortage of raw materials and closure of gas and electricity supply. Due to which the authority has decided to temporarily close the factory. The factory will stay temporarily closed from January 26, 2024 until supply of gas and electricity become normal. Reported Earnings • Dec 13
Full year 2023 earnings released: ৳19.03 loss per share (vs ৳2.99 loss in FY 2022) Full year 2023 results: ৳19.03 loss per share (further deteriorated from ৳2.99 loss in FY 2022). Revenue: ৳244.5m (down 22% from FY 2022). Net loss: ৳123.0m (loss widened ৳103.6m from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Nov 24
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 Risks Less than 1 year of cash runway based on free cash flow trend (-৳30m free cash flow). Negative equity (-৳14m). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (৳702.3m market cap, or US$6.38m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (৳265m revenue, or US$2.4m). New Risk • Sep 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -৳14m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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 (-৳30m free cash flow). Negative equity (-৳14m). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (৳702.3m market cap, or US$6.41m). Minor Risk Revenue is less than US$5m (৳265m revenue, or US$2.4m). Reported Earnings • Sep 07
Third quarter 2023 earnings released: ৳2.03 loss per share (vs ৳0.097 profit in 3Q 2022) Third quarter 2023 results: ৳2.03 loss per share (down from ৳0.097 profit in 3Q 2022). Revenue: ৳64.9m (down 27% from 3Q 2022). Net loss: ৳13.1m (down ৳13.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jun 21
Standard Ceramic Industries Limited to Report Q3, 2023 Results on Jun 24, 2023 Standard Ceramic Industries Limited announced that they will report Q3, 2023 results on Jun 24, 2023 Reported Earnings • May 14
Second quarter 2023 earnings released: ৳1.33 loss per share (vs ৳0.03 profit in 2Q 2022) Second quarter 2023 results: ৳1.33 loss per share (down from ৳0.03 profit in 2Q 2022). Revenue: ৳60.4m (down 22% from 2Q 2022). Net loss: ৳8.55m (down ৳8.78m from profit in 2Q 2022). Reported Earnings • Dec 09
Full year 2022 earnings released: ৳2.99 loss per share (vs ৳0.24 profit in FY 2021) Full year 2022 results: ৳2.99 loss per share (down from ৳0.24 profit in FY 2021). Revenue: ৳311.3m (down 4.3% from FY 2021). Net loss: ৳19.3m (down ৳20.8m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Nov 23
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. 6 non-independent directors. Independent Director Aftab Ahmed was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Aftab Ahmed was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: ৳0.03 (down from ৳0.47 in 2Q 2021). Revenue: ৳77.3m (down 11% from 2Q 2021). Net income: ৳227.0k (down 93% from 2Q 2021). Profit margin: 0.3% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Nov 18
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 30 January 2022. Trailing yield: 0.1%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (2.1%). Reported Earnings • Sep 11
Third quarter 2021 earnings released: EPS ৳0.86 (vs ৳0.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳95.0m (up 7.2% from 3Q 2020). Net income: ৳5.59m (up 37% from 3Q 2020). Profit margin: 5.9% (up from 4.6% in 3Q 2020). The increase in margin 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 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 10
Second quarter 2021 earnings released: EPS ৳0.47 (vs ৳1.50 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳86.5m (up 14% from 2Q 2020). Net income: ৳3.01m (up ৳12.7m from 2Q 2020). Profit margin: 3.5% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Reported Earnings • Dec 10
First quarter 2021 earnings released: ৳1.97 loss per share The company reported a solid first quarter result with reduced losses and improved revenues and control over expenses. First quarter 2021 results: Revenue: ৳66.6m (up 23% from 1Q 2020). Net loss: ৳12.7m (loss narrowed 37% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 05
Standard Ceramic Industries Limited to Report Q3, 2020 Results on Jun 30, 2020 Standard Ceramic Industries Limited announced that they will report Q3, 2020 results on Jun 30, 2020