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Aftab Automobiles Limited (Bangladesh)

Main Activities: Transportation Equipment Manufacturing
Full name: Aftab Automobiles Limited Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Aftab Automobiles Limited, formerly known as East Pakistan Automobiles Limited, is a company located in Dhaka. It was incorporated as a Private Limited Company in 1967 with the purpose of assembling Toyota Land Cruiser vehicles. The company's assembling plant is currently situated in Fouzderhat Heavy Industrial Estate, Chittagong, covering an area of approximately 12.33 acres. In 1981, Aftab Automobiles Limited became a Public Limited Company and is now the largest assembler and progressive manufacturer of Toyota and Hino vehicles in the private sector of Bangladesh. The company's main activities include vehicle assembly and bus-body fabrication. Since 1982, they have been successfully assembling Toyota and Hino vehicles for the Bangladesh market. Aftab Automobiles Limited is listed on the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. Their principal activities involve assembling Toyota Land Cruiser soft top/Pick-up, Land Cruiser Prado, Hino Bus, and Hino Mini Bus/Truck, with a yearly production capacity of 2400 units of vehicles in 3 shifts. The company also has a subsidiary called Navana Batteries Limited. Currently, Aftab Automobiles Limited is primarily engaged in assembling and body fabrication of HINO luxury buses, specifically the RM2 model, which is in high demand in the market. HINO buses are widely operated in all routes of the country. The company has also introduced an environmentally friendly CNG-driven AK1JMKA model HINO Bus in Bangladesh for the first time. Navana Batteries Limited, a fully owned subsidiary of Aftab Automobiles Limited, has recently introduced motorcycle batteries to increase profitability. Additionally, HINO luxury buses are also operating in international routes such as Dhaka-Kolkata-Dhaka and Dhaka-Agartola-Dhaka. The company has modernized its Bus Body Building Unit by introducing high-tech equipment, ensuring international quality standards for vehicles, including the new model RM-2 buses, which are painted using fully automated processes.

Headquarters
205-207, Tejgaon I/A
Dhaka; Dhaka;

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Website: http://www.aftabautomobiles.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1967
Key Executives
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Chairman
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Chief Financial Officer
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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36.73%
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33.27%
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30%
Subsidiaries
Navana Batteries Limited
100%
Company Performance
Financial values in the chart are available after Aftab Automobiles Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net sales revenue
-59.5%
Total operating revenue
-57.61%
Operating profit (EBIT)
-46.31%
EBITDA
-33.7%
Net Profit (Loss) for the Period
N/A
Total assets
1.47%
Total equity
-2.19%
Operating Profit Margin (ROS)
4.58%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
27.4%
Quick Ratio
0.04%
Cash Ratio
-0%

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