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19	19	The accounting period of KCCL starts on July 1 and ends on 30th June. The revenue of the company has increased to BDT 4,167 million in FY 2020-21- with an increase of around 6.86% from BDT 3,899.55 million in FY 2019-20. The sales growth was contributed by the sales growth of the cosmetics segment of the business. In FY 2020-21, the sales of cosmetics products increased by 34.43% while the sales of toiletries and miscellaneous products increased by 3.95% and 7.28% respectively compared to that of in FY 2019-20. Direct material cost is 75% of net sales FY 2020-21 which was 72% in previous FY. It has led the costs of goods sold to grow more than 6% in FY 2020-21. The gross profit of the company in FY 2020-21 was 19.27% which was 18.5% in the previous FY. The finance cost of the company in FY 2020-21 was BDT 412 million witnessing a degrowth of 38.8%. This was the result of repayment of short-term loan as well as decreased use of lease property of KCCL. The operating profit of the company has reached at BDT 301.768 million, achieving a 32.28% growth. Increased net profit has contributed to the EPS of BDT 10.54 in FY 2020-21 which has grown 39.23% from BDT 7.57 in FY 2019-20.{{footnote}}1 http://www.kohinoor-bd.com/image/annual_report/pdf/7b8063c3c210e4240639ce87e563ead7.pdf{{/footnote}}
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	21	+The company made capital expenditure of around BDT 13.69 million in FY 2020-21 for the development of the company. The revaluation of the marketable securities has added more than BDT 182 million to the company assets and revaluation reserve in FY 2020-21. The cash received from the operations and sales has increased the cash and bank reserve of the company by more than 280%. But the high import cost has increased the accrued payment of KCCL by 1.92 times. The account receivable of the company has decreased around 40% which can be attributed to better receivable management. the decrease in account receivables and increased in accrued payments and revenue has increased the operating cash flow per share 13.33 times in FY 2020-21.
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	23	+|**Ratio**|**FY 2020-21**|**FY 2019-20**
	24	+|Gross profit margin|19.27%|18.5%
	25	+|Net profit margin|5.62%|4.28%
	26	+|Operating profit margin|7.22%|5.85%
	27	+|Current ratio|2.39|2.63
	28	+|Debt to equity ratio|1.06|1.03
	29	+|Return on assets|10.23%|8.31%
	30	+|Return on equity|18.98%|16.78%
	31	+|Inventory turn over|3.46%|3.89%
	32	+|EPS|10.54|7.57
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	34	+= Share Market Insights =
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	36	+KCCL got listed in DSE in 1988 while in CSE in 1996. The trading code is KOHINOOR. Each share traded at BDT 394.9 as on 4 August, 2022. It is 8.57% higher than that of on 4 August, 2021. The number of outstanding shares is 25,530,863 as on 4 August, 2022. In 2021, dividend of BDT 3.5 and stock dividend of BDT 1.5 was declared. Its beta is 0.60 according to Amarstock. The number of shareholders in this company is more than 7,400.
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	38	+= Business overview =
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	40	+The company has been operating in this country since 1956. In 2020-21, the company earned more than BDT 4 billion. The gross profit margin was 19.27%. The sales revenue has increased by more than 6% while the net profit increased by 39% in 2020-21. More than 80% of the revenue is made through toiletries. The company can produce 40 metric tons toilet soap, 90 metric tons washing soap and 100 metric tons detergent per day. Around 2,389 people work for the company. The factory of the company is in Tejgaon. But the distribution network is established across the country. The company was awarded 2nd position in the category of "Large Industry" in National Productivity Excellence & Institutional Appreciation-2020.
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	42	+The sales composition of the company is presented in the following picture. The sales of shaving cream, detergent powder and toilet soaps have decreased while the other products’ sales increased.
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