The Ejab Group’s Himadri Limited announced on Wednesday, June 25, that it would invest approximately Tk5.63 crore to install a new chamber to its Joypurhat business, increasing its capacity for cold storage.

In the fiscal year 2025–2026, the company, which is listed on the SME board of the Dhaka and Chittagong stock markets, anticipates that the expansion will increase its rental income by about Tk1.82 crore. According to the revelation, the capacity extension construction project will start on June 29 and is expected to expand capacity by 54,000 bags.
But when the investment plan was revealed today, the price of its shares fell by 10%, or Tk180, to Tk1,620 apiece.

According to data from the Dhaka Stock Exchange (DSE), Himadri holds the title of the highest-valued share on the SME board. Share price information indicates that over the last 52 weeks, its shares have fluctuated between Tk897.70 and Tk2,498 each. Himadri Ltd is currently offering state-of-the-art cold storage solutions to its clients across six locations in northern Bangladesh.

The company is crucial to the agricultural supply chain throughout the country, with a primary emphasis on the storage of table potatoes and seed potatoes, as stated on its website. In the financial results for the first nine months from July to March, the company’s earnings per share (EPS) saw a decrease of 2.58%, landing at Tk9.81.

During the third quarter (January to March), the company reported a loss of Tk14.35 per share, an improvement from a loss of Tk16.76 per share in the same quarter of the previous fiscal year.

For FY2023–24, the company experienced a remarkable 95% rise in rental income compared to the previous year, attributed to increased rates for potato storage in its cold storage facilities. It recorded a profit of Tk89.86 lakh in FY24, with an earnings per share (EPS) of Tk3.42, a significant increase from Tk57.18 lakh in FY23 and an EPS of Tk2.13. The company distributed a 5% cash dividend to its shareholders.