Beximco Pharmaceuticals Limited

Income Statement 2018-19

Net Revenue 22,816,629,795
Costs of Goods Sold 12,196,286,770
Gross Profit 10,620,343,025
Operating Expenses 5,554,169,458
Less:Administrative Expenses 752,944,182
Less:Selling, Marketing and Distribution Expenses 4,801,225,276
Profit from Operations 5,066,173,567
Other Income 139,917,665
Finance Cost 1,029,762,542
Share of Loss of Associates 29,325,720
Profit Before Contribution to WPPF & Welfare Funds 4,147,002,970
Contribution to WPPF & Welfare Funds 200,937,234
Profit Before Tax 3,946,065,736
Income Tax Expenses 905,662,782
Current Tax 803,760,846
Deferred Tax 101,901,936
Profit After Tax 3,040,402,954
Profit/(Loss) Attributable to: 3,040,402,954
Owners of the Company 3,033,402,333
Non-controlling interest 7,000,621
Total Comprehensive Income 3,038,550,395
Other Comprehensive Income-Unrealized Gain/(Loss) 1,852,559
Total Comprehensive Income Attributable to: 3,038,550,395
Owners of the Company 3,031,549,774
Non-controlling interest 7,000,621
Earnings Per Share (EPS) 7.48
Balance Sheet 2019
ASSETS
Non-Current Assets 35949930818
Property, Plant and Equipment- Carrying Value 33853977656
Right-of-use Assets 202689556
Intangible Assets 1334921698
Goodwill 546691213
Other Investment 5329379
Other Non-current Assets 6321316
Current Assets 13264161542
Inventories 5924031678
Spares & Supplies 726127262
Accounts Receivable 3334958905
2,309,503,747
Loans, Advances and Deposits
Advance Income Tax 35681115
Short Term Investment 323364536
Cash and Cash Equivalents 610494299
TOTAL ASSETS 49214092360
EQUITY AND LIABILITIES
Equity Attributable to the Owners of the Company 29588317284
Issued Share Capital 4055564450
Share Premium 5269474690
Excess of Issue Price over Face Value of GDRs 1689636958
Capital Reserve on Merger 294950950
Revaluation Surplus 1131853004
Unrealized Gain/(Loss) 2504203
Retained Earnings 17144333029
20,058,799,733
non controlling interest
TOTAL EQUITY 29864323837
Non-Current Liabilities 6603936369
Long Term Borrowings-Net of Current Maturity 2595607792
Liability for Gratuity and WPPF & Welfare Funds 1860904996
Deferred Tax Liability 2147423581
Current Liabilities and Provisions 12745832154
Short Term Borrowings 9272501280
Long Term Borrowings-Current Maturity 1616670549
Creditors and Other Payables 1091809722
Accrued
DividendExpenses
Payable 590317150
7235215
income tax payable 167298238
TOTAL EQUITY AND LIABILITIES 49214092360
Others Data
Average daily sales 62511314.5068493
Financial Leverage multiplier (FLM) 2.32143067714125
Market Price Per Share 83.5
Shareholders’ Equity 21,199,897,479
Earnings attributable to the Owners of the Company 3,033,402,333
Weighted average number of Shares outstanding during the year 405,556,445
Total Liabilities 19,349,768,523
Book Value 52
Ratio analysis: 2018-2019
Liquidity Ratio:
Current ratio 1.0406665788265
Quick ratio 0.575884710806933

Activity ratio:
Inventory turnover 2.05878149087102
Average age of Inventory 177.289334306953
Average collection period 53.3496844740738
Average payment period 32.6747440467079
Total asset Turnover 0.463619843440307

Debt Ratio:
Debt Ratio 0.39317536085918
Debt to equity 0.91272934419458
Time Interest Earned 4.91974932119836

Profitibility Ratio:
Gross profit margin 0.46546501917331
Operating Profit Margin 0.222038645168805
Net Profit Margin 0.133253814490441
Earning per Share(EPS) 7.47960578705635
ROA 0.061779112611882
ROE 0.143415927223787
0.91272934419458
Market Ratio:
Price/Earning (P/E) ratio 11.1636899560267
Market Book (M/B) ratio 1.59736447740111

DuPont Analysis: 0.143415927223787

2019-2020
25,611,947,655
13,712,847,509
11,899,100,146
6,289,606,032
792,951,709
5,496,654,323
5,609,494,114
293,558,304
1,013,804,085

4,889,248,333
235,808,378
4,653,439,955
1,108,956,854
1,086,668,418
22,288,436
3,544,483,101
3,544,483,101
3,514,687,301
29,795,800
3,542,905,273
1,577,828
3,542,905,273
3,513,109,473
29,795,800
8.67
2020

37069663021
35000809631
240163919
1275560330
546691213
3751551
2686377
13049078919
5944769057
775528787
3305451434
2388313122

635016519
50118741940
 32495120607
4055564450
5269474690
1689636958
294950950
1125767451
926375
20058799733
302329006
32797449613
5963327323
1651590390
2144053434
2167683499
11357965004
7398361360
1454311995
1462806200
739512826
17086213
285886410
50118741940

70169719.6027397
2.0783770851123
69.2
24,114,364,183
3,514,687,301
405,556,445
17,321,292,327
59
2019-2020

1.14889233365347
0.62549143790266

2.30670819631808
158.234145342963
47.1065219116387
38.936060701439
0.5110253502704

0.34560509016241
0.71829769989171
5.53311453070343

0.46459177202313
0.21901864667074
0.13839178295791
8.66633324246641
0.07072170936061
0.14698638015506
0.71829769989171

7.98492258074142
1.16380866528443

0.14698638015506
Formula

Current Asset/Current Liabilities

(Current Asset-Inventories)/Current Liabilities

Cost Of Goods Sold/Average Inventory

365/Inventory Turnover
Accounts Receivable/Average Daily Sales
Creditors and others payable/Cost of Goods Sold*365
Net Revenue/Total Assets

Total Liabilities/Total Assets

Total Liabilities/Total Shareholders Equity
Profit From Operations/Finance Cost

Gross Profit/Net Revenue

Profit From Operations/Net Revenue
Profit After Tax/Net Reveue
Earnings attributable to the Owners of the Company/Weighted average number of Shares outstanding during the year
Profit After Tax/Total Assets
Profit After Tax/Shareholders Equity

Market Price Per Share/Eps

Market Price Per Share/Book Value

Net Profit Margin*Total Asset Turnover*FLM

 Renata Limited
Income Statement 2018-2019 2019-2020
Turnover 22,220,887,119 24164022473
Cost of sales 11,065,965,907 12,632,907,753
gross profit 11,154,921,212 11,531,114,720
Administrative expenses 434,332,663 457,872,424
Selling, marketing and distribution expenses 5,370,161,610 5,102,559,584
Operating profit 5,350,426,939 5,970,682,712
Other income 274,885,492 544,085,447
Finance costs 150,846,362 223,159,798
Profit before contribution to workers' participation fund 5,474,466,069 6,291,608,361
Contribution to workers' participation and welfare fund 260,688,862 299,600,395
Profit before tax 5,213,777,207 5,992,007,966
Tax expenses
Current tax 1,295,568,037 1,753,720,521
Deferred tax 94,847,040 108,691,642
Net profit after tax for the year 3,823,362,130 4,129,595,803
Other comprehensive income
Net profit
Items thatafter
will tax
notfor
be the year
reclassified to profit or loss 3,823,362,130 4,129,595,803

514,922 26,666,085
Realised loss on disposal of shares 112,598
Total comprehensive income for the year 3,822,734,610 4,102,929,718
Basic earnings per share (EPS) 43.16 46.62

Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment 10,227,887,020 11,753,639,042
Capital work-in-progress 1,492,889,354 1,914,471,284
Investment in subsidiaries 143,079,096 63,080,096
Total 11,863,855,470 13,731,190,422
Current assets
Inventories 4,172,321,022 5,126,624,240
Trade receivables 2,265,753,666 2,543,784,315
Other receivables 1,086,389,221 1,015,276,977
Advances, deposits and prepayments 433,302,071 533,580,314
Investment in shares and FDR 3,581,402,024 4,721,102,257
Cash and cash equivalents 798,213,039 1,372,995,830
Total 12,337,381,043 15,313,363,933
TOTAL ASSETS 24,201,236,513 29,044,554,355
EQUITY AND LIABILITIES Shareholders' equity
Share capital 805,356,750 885,892,420
Revaluation surplus 154,331,208 153,854,296
Other reserves 43,065,180
Fair value reserve 24,708,298 1,957,787
Retained earnings 17,300,366,985 20,544,705,799
Total 18,284,763,241 21,539,429,548
Non-current liabilities
Deferred tax liabilities 1,303,839,631 1,442,915,240
Total 1,303,839,631 1,442,915,240
Current liabilities
Short term bank loan and overdrafts 2,562,606,715 2,981,137,076
Trade payables 568,382,613 508,513,913
Other payables 681,214,066 1,212,206,130
Provision for taxation 800,430,247 1,360,352,448
Total 4,612,633,641 6,062,209,567
TOTAL EQUITY AND LIABILITIES 24,201,236,513 29,044,554,355
Net Asset Value (NAV) per share 206.4 243.14
Others Data

Earnings attributable to the ordinary shareholders 3,823,362,130 4,129,595,803

Average daily sales 60879142.7917808 66202801.29589
Financial Leverage multiplier (FLM) 1.33666219960138 1.355284348957
Market Price Per Share 1,198.40 1,026.20
Shareholders’ Equity 18,105,723,735 21,430,598,219
Book Value 204.378357080874 241.909714263
Weighted average number of Shares outstanding during the year 88,589,242 88,589,242
Total Liabilites 5,916,473,272 7,505,124,807
Ratio analysis: 2018-2019 2019-2020

Liquidity Ratio:
Current ratio 2.67469346217691 2.526036713801
Quick ratio 1.77015142681695 1.680367460151

Activity ratio:
Inventory turnover 2.6735529584569 2.249260757211
Average age of Inventory 136.522449965109 162.2755382317
Average collection period 37.2172399626148 38.42411899809
Average payment period 19 14.69238768097
Total asset Turnover 0.918171561484628 0.831963960529

Debt Ratio:
Debt Ratio 0.244469875281864 0.258400411839
Debt to equity 0.326773641230531 0.350206033929
Time Interest Earned 35.4693800238948 26.75518962425

Profitibility Ratio:
Gross profit margin 0.502001614618796 0.477201787611
Operating Profit Margin 0.240783678452923 0.247089768215
Net Profit Margin 0.172061633251844 0.170898525178
Earning per Share(EPS) 43.1583118184937 46.61509354601
ROA 0.157982098474441 0.142181413856
ROE 0.211168699244488 0.192696244911

Market Ratio:
Price/Earning (P/E) ratio 27.7675365301586 22.01432887799
Market Book (M/B) ratio 5.86363457029739 4.242078509026

DuPont Analysis: 0.211168699244488 0.192696244911

Formula

Current Asset/Current Liabilities

(Current Asset-Inventories)/Current Liabilities

Cost Of Goods Sold/Average Inventory

365/Inventory Turnover
Trade Receivables/Average Daily Sales
Trade Payables/Cost of Goods Sold*365
Net Revenue/Total Assets

Total Liabilities/Total Assets

Total Liabilities/Total Shareholders Equity
Operating Profit/Finance Costs

Gross Profit/Turnover
Operating Profit/Turnover
Profit After Tax/Turnover
Earnings attributable to the ordinary shareholders/Weighted average number of Shares outstanding during the year
Profit After Tax/Total Assets
Profit After Tax/Shareholders Equity

Market Price Per Share/Eps

Market Price Per Share/Book Value

Net Profit Margin*Total Asset Turnover*FLM

ng during the year