Executive summary

A continuation of Empire Capital's April 2013 power sector coverage, updated for 2013, 2014 and Q1/Q3 2015. Covers plant-level capacity and load factors, three years of ratio analysis, dividend payout, per-megawatt-hour sales, a SWOT assessment and stock recommendations across KPCL, SPL, Baraka, SPPCL, SPCL and UPGDCL.

Power Sector Analysis 2015

Six listed generators, three years of ratios, and a recommendation for each. This 27-page Empire Capital report, dated 22 June 2015, updates the firm's comparative research on Bangladesh's listed electricity generation companies. Sector and capacity data run to July 2015.

Download the complete report (PDF, 1.0 MB)

The full report below preserves the original charts, tables, methodology, sources and limitations. Figures and interpretations are those of the supplied report.

Overview and the Bangladesh power sector at a glance

Overview and the Bangladesh power sector at a glance, page 1 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 1 of 27

Present fuel mix of power generation

Present fuel mix of power generation, page 2 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 2 of 27

Peak demand forecast and listed company comparison

Peak demand forecast and listed company comparison, page 3 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 3 of 27

Company profile — Khulna Power Company

Company profile — Khulna Power Company, page 4 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 4 of 27

Company profile — Summit Power Limited

Company profile — Summit Power Limited, page 5 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 5 of 27

Baraka Power and Summit Purbanchol

Baraka Power and Summit Purbanchol, page 6 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 6 of 27

Shahjibazar Power and United Power Generation

Shahjibazar Power and United Power Generation, page 7 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 7 of 27

Ratio analysis, 2013

Ratio analysis, 2013, page 8 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 8 of 27

Liquidity, turnover, leverage and profitability, 2013

Liquidity, turnover, leverage and profitability, 2013, page 9 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 9 of 27

Ratio analysis, 2014

Ratio analysis, 2014, page 10 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 10 of 27

Liquidity, turnover, leverage and profitability, 2014

Liquidity, turnover, leverage and profitability, 2014, page 11 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 11 of 27

Ratio analysis, latest quarter 2015

Ratio analysis, latest quarter 2015, page 12 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 12 of 27

UPGDCL, SPPCL and Summit Power assessments

UPGDCL, SPPCL and Summit Power assessments, page 13 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 13 of 27

Summit Meghnaghat projection and energy costs

Summit Meghnaghat projection and energy costs, page 14 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 14 of 27

Dividend payout and per-megawatt-hour sales

Dividend payout and per-megawatt-hour sales, page 15 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 15 of 27

KPCL and SPCL recommendations

KPCL and SPCL recommendations, page 16 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 16 of 27

Shareholders' equity, paid-up capital and net profit

Shareholders' equity, paid-up capital and net profit, page 17 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 17 of 27

Electricity sold and PEG ratio

Electricity sold and PEG ratio, page 18 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 18 of 27

Plant capacity and return on equity

Plant capacity and return on equity, page 19 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 19 of 27

Return on assets and turnover

Return on assets and turnover, page 20 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 20 of 27

Earnings per share and debt-equity ratio

Earnings per share and debt-equity ratio, page 21 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 21 of 27

Cash dividend payout and SWOT — strengths

Cash dividend payout and SWOT — strengths, page 22 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 22 of 27

Weaknesses, opportunities and threats

Weaknesses, opportunities and threats, page 23 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 23 of 27

Competitive threats in the power market

Competitive threats in the power market, page 24 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 24 of 27

BPDB installed capacity and sector recommendations

BPDB installed capacity and sector recommendations, page 25 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 25 of 27

Recommendation guidelines and disclaimer

Recommendation guidelines and disclaimer, page 26 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 26 of 27

Disclaimer note

Disclaimer note, page 27 of the Power Sector Analysis 2015 report. Select the PDF download for selectable text and source links.
Power Sector Analysis 2015 - page 27 of 27