National Tubes declares 1% cash dividend for FY25
Its share price stood at Tk71.70 on Thursday
National Tubes Limited, a state-owned listed company under the Bangladesh Steel and Engineering Corporation (BSEC), has declared a 1% cash dividend for the fiscal year 2024-25, significantly lower than the 4% dividend distributed in the previous fiscal year.
The decision came at a board meeting on 6 November, according to a price-sensitive disclosure published on the company's website.
To approve the dividend and the audited financial statements, the company has scheduled its annual general meeting (AGM) for 20 December, with the record date fixed for 26 November.
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For FY25, the company reported earnings per share (EPS) of Tk1.72, reflecting a 14% decline from the previous fiscal year. As of 30 June 2025, National Tubes' net asset value (NAV) per share stood at Tk137.61, slightly higher than Tk136.28 recorded a year earlier. The firm's net operating cash flow per share (NOCFPS) stood at Tk2.15, recovering from a negative Tk3.68 in FY24.
Due to the declaration of a dividend below 5%, the company's shares remain in the "B" category on the Dhaka Stock Exchange (DSE).
On Thursday, its share price declined by 1.51% to close at Tk71.70. Based on the audited financial statements for FY24, the company's price-to-earnings (P/E) ratio stands at 35.85, while based on its latest quarterly data, the ratio was 69.84.
Listed on the DSE in 1989, National Tubes' ownership structure includes 51% held by the government, 0.05% by sponsors and directors, 5.74% by institutional investors, and 43.21% by the general public.
Founded in 1964 as the country's first pipe manufacturing company, National Tubes was nationalised in 1972 and remains the only government-owned steel pipe producer in Bangladesh.
