Aftab Automobiles Ltd.
DDSE:AFTABAUTO25.30
BDT
-0.10
(-0.39%)
ISIN
BD0201AFAUT6
Return %
Stock
S&P 500
1Y
-24.02
14.20
3Y
3.27
81.12
5Y
-12.56
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Saiful Shumon Islam
- Full Time Employees
- 183
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Dhaka Bangladesh
- IPO Date
- Nov 25, 2007
- Website
- aftabautomobiles.com
- Similar Companies
- Business
- Aftab Automobiles Limited is a Bangladesh-based automobile assembler and manufacturing enterprise primarily engaged in the assembly of commercial and passenger vehicles, fabrication of bus bodies, and production of energy storage battery systems. Founded in 1967 as East Pakistan Automobiles Limited and incorporated as a public limited company in 1981, the company operates as an automotive subsidiary of the Navana Group and is headquartered in Dhaka, Bangladesh, with its shares publicly traded on the Dhaka Stock Exchange under the ticker AFTABAUTO. The company conducts its manufacturing operations through an assembly complex located in the Fouzderhat Heavy Industrial Estate in Chattogram and a dedicated bus-body fabrication unit in Gabtoli, Dhaka. Aftab Automobiles operates across three primary business segments, comprising Vehicle Assembling, Bus-Body Fabrication, and Battery Manufacturing. The company's core product and service portfolio includes: the assembly of completely knocked-down (CKD) commercial and utility vehicles under licensing and technical agreements, including Toyota Land Cruiser pick-up variants, Toyota Land Cruiser Prado luxury sport utility vehicles (SUVs), Hino bus chassis, Hino minibus chassis, and Hino commercial truck chassis; the fabrication and custom body building of luxury intercity coaches and transit buses, including Hino RM2 series models, featuring computerized body design, structural sheet fabrication, interior ergonomics, and passenger seating manufacturing; the fabrication of specialized transport solutions, including bulletproof vehicles, armored cash carriers, refrigerated and covered vans, and utility trucks; and the manufacturing and marketing of lead-acid energy storage products through its 99.95%-owned subsidiary, Navana Batteries Limited, encompassing automotive starting, lighting, and ignition (SLI) batteries ranging from 32 Ah to 200 Ah, industrial batteries for telecommunications and uninterruptible power supply (UPS) systems, solar tubular batteries for photovoltaic systems, and motorcycle batteries. The company serves public and private fleet operators, logistics companies, government entities, and retail consumers across Bangladesh supported by Navana Group's nationwide sales and after-sales service network. In recent operational and corporate developments, Aftab Automobiles has been executing financial and operational restructuring initiatives to address macroeconomic headwinds, high import costs of knocked-down vehicle kits, and domestic supply chain disruptions. In the last one to two years, the company has focused on capacity adjustments across its Chattogram assembly plants, product line optimization within Navana Batteries to expand high-demand solar tubular battery solutions, and active engagement in debt resolution and asset regularizations with institutional lenders to stabilize liquidity, ensure regulatory compliance with the Bangladesh Securities and Exchange Commission, and maintain core automotive assembly operations.