BD Paints Limited, a company listed on the SME platform of the stock exchange, is set to commence commercial operations at its new factory in Gazipur on October 18. The company has invested approximately Tk 102 crore in this expansion project, financed through a mix of bank loans and internal funds.

In a statement to the stock exchange on Monday (October 13), BD Paints announced that the new factory was built to meet the growing nationwide demand for decorative and industrial paints. With the launch of this facility, the company aims to significantly enhance its production capacity, product diversification, and market competitiveness.

Constructed on 914 decimals of land, the new plant will have a daily production capacity of 110.60 tons of paint and 15,000 plastic containers—an 11-fold increase compared to the previous facility. The unit will produce water-based and solvent-based paints, industrial coatings, thinners, chemicals, and packaging materials.

A company official noted, “Land acquisition began in 2020, and construction started in 2022. The factory is now in its final stages and will commence commercial production on October 18.” He added that although the expansion plan wasn’t disclosed initially, it was later reported to the regulatory authorities.

Company management believes the new facility could push annual revenue to around Tk 250 crore, which is expected to have a positive impact on financial performance.

While the paint industry in Bangladesh is currently dominated by multinationals such as Berger, Asian Paints, Nippon, and Kansai Nerolac, local players like BD Paints are gradually establishing a stronger market presence through enhanced capacity and product innovation.

Previously, BD Paints operated from its plant in Barisal’s BSCIC industrial area, which had a daily capacity of only 10 tons. In 2022, the company raised Tk 12 crore through a Qualified Investor Offer (QIO) to enter the stock market.

In the fiscal year 2023–24, BD Paints declared a 12% cash dividend and posted a net profit of Tk 88.4 lakh, marking a 17% increase from the previous year.

As of now, the company’s market capitalization stands at Tk 320 crore with a P/E ratio of 35.52. On Monday, its share price on the Dhaka Stock Exchange fell by 1.74% to Tk 50.80, though it has surged by 161% since May.

According to the latest shareholding pattern as of June 30, 2025:

• Sponsors and directors hold 30.44%,
• Institutional investors hold 29.22%,
• General investors hold 40.34% of the company’s shares.