Envoy Textiles (F.Y. 2024-25)
Executive summary
As a leading denim manufacturer in Bangladesh, Envoy Textiles Limited has established itself as a global force in sustainable textile production. The company delivered an impressive financial performance for the 2024-25 fiscal year, generating BDT 18.62 billion in sales and a net profit of BDT 1.41 billion. Renowned for its premium denim, Envoy supplies fabric to some of the world's most prestigious apparel brands, exporting the vast majority of its output to international markets. Envoy boasts production capacity of 52 million yards of denim fabric annually. Sustainability continues to be the primary focus of Envoy in terms of renewable energy utilization and water management. Two additional offices were established by Envoy in Hong Kong and New York.
Company Overview
One of the biggest manufacturers of denim cloth in Bangladesh is Envoy Textiles Ltd. The company operates under the Envoy group and was established in 1995. Envoy Textiles has been operational since 2008 and specializes in the manufacturing and exportation of high-end denim cloths. The company makes its denims using highly advanced technology through a state-of-the-art factory with modern rope dyeing, weaving and finishing facilities. It can also be noted that Envoy Textiles is famous for having a vertical integrated business model because they operate a spinning plant inside their premises. Products of Envoy Textiles have been exported to many countries in different continents such as Europe, North America, and Asia. Another important characteristic of the Envoy Textiles company is that it is environmentally sustainable. As a matter of fact, they were awarded the LEED platinum certificate becoming the first denim mill to ever earn the distinction. Envoy Textiles Ltd. trades in the stock markets of Dhaka and Chittagong.
Industry overview
Envoy Textiles Limited operates in the textile and apparel sector which is one of the largest sectors in terms of production and export in Bangladesh. This industry plays a crucial role in the economic development of the country as it provides job opportunities, adds to the export income of the country and encourages industrialization. Moreover, Bangladesh happens to be one of the largest exporters of ready-made garments in the world and hence there is a strong demand for denim fabrics and yarns. The industry has become a dynamic industry as people have started preferring casual wear. There is a strong focus on innovating new products, being environmentally friendly and adopting sustainable measures in order to cater to the needs of international customers. There are certain trends in sustainable fashion that encourage the usage of energy efficient plants and environmentally friendly practices. It is due to the skilled labor force, low manufacturing cost and exports that Bangladesh has become the hub of denim manufacture.
Financial Performance (figures in million BDT)
Particulars | 2024-25 | 2023-24 |
Revenue | 18,624.80 | 14,261.38 |
Cost of Goods sold | 15,098.28 | 11,951.41 |
Gross Profit | 3,526.52 | 2,309.97 |
operating Expenses | 448.52 | 373.62 |
Financial Expenses | 1,375.31 | 1,232.51 |
operating Income | 1,702.69 | 703.84 |
Other Income/Loss | (17.25) | 48.15 |
Net Profit before WPPF | 1,685.44 | 751.99 |
Contribution to WPPF | 80.26 | 35.81 |
Net Profit before Tax | 1,605.18 | 716.18 |
Provision for Income Tax | 196.29 | 115.79 |
Net Profit after Tax | 1,408.90 | 600.39 |
Source :- Annual Report 2025 of Envoy Textiles.
Key Financial Ratio
Particulars | 2024-25 | 2023-24 |
Gross Profit % | 18.93 | 16.20 |
Net profit % | 7.56 | 4.21 |
Current Ratio | 1:1.21 | 1:1.24 |
Earnings Per Share (EPS) in Taka | 8.40 | 3.58 |
Cash Dividend per Share | 30% | 20% |
Source :- Annual Report 2025 of Envoy Textiles.
SWOT Analysis
Strength 1.Envoy Textiles Limited is a leading denim fabric manufacturer in Bangladesh. 2.This company is the world's first LEED platinum-certified denim mill, demonstrating strong sustainability practices. 3.Has strong reputation among international apparel brands. | Weaknesses 2.The heavily depend on export markets and global demand. 2.Company performance is related to fluctuations in cotton and raw material prices. 3.The concentration on the denim segment limits product diversification. |
Opportunities 1.The company is growing its demand for sustainable and eco-friendly denim products. 2.The company is expanding into new international markets and customer segments. | Threats 1.There has an intense competition from textile producers in countries such as China, India, and Vietnam. 2.Rising in energy, labour, and transportation costs. |
Conclusion
Envoy Textiles Limited is a leading company and well-established denim fabric manufacturer in Bangladesh. The company has a strong focus on quality, innovation, and sustainability. The company has a strong competitive position in the textile industry through advanced technology and production facilities, vertically integrated operations, and global customer base. The company also faces challenges such as fluctuating raw material prices and uncertainty in the global market. Envoy Textiles is well-positioned for future growth. The company invests in sustainable manufacturing and operations which support long-term profitability.