Kohinoor Chemical Company (Bangladesh) Limited has came out to be the worst performing stock of the past week at Dhaka Stock Exchange.
Its share price dropped by 9.54% to Tk351 a share in the past week. Shares of the company valued at Tk14.33 lakh were traded. In the first quarter (July-Sept) of the current fiscal year, the beauty product manufacturer posted net profit of Tk1.99 crore against Tk1.51 crore in the same period a year ago, according to its financial statement.
The company experienced consistent increase in its revenue from sales over the last couple of years. According to its latest annual report, the company reported an increase in sales of Tk23.6 crore as the annual sales totalled Tk316.9 crore in 2012-2013 against Tk293.3 crore in the previous period. The additional sales were generated by increases sales of detergent powder, washing and toilet soaps.
The company’s revenue from net sales stood at Tk271.9 crore in 2012-2013 after VAT and supplementary duty deductions.
Among local sales, the company’s star product in terms of contribution to total sales is toilet soap. Its sales last year stood at Tk195.1 crore.
The company also exports washing soap that contributed Tk12.83 lakh to net sales in the year 2012-2013. The export revenue saw a fall as the company had exported washing soap worth Tk30.8 lakh in the year 2011-2012.
The company listed in the segment of pharmaceuticals and chemicals at DSE has a restated net asset value of Tk14.53 as of 2013, making the current stock price higher than 24 times its net asset value.
