Square Textiles PLC
DDSE:SQUARETEXT48.90
BDT
+0.60
(+1.24%)
Square Textiles PLC
DSE:SQUARETEXT
(Dhaka Stock Exchange)
Recent
price
48.90
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Square Textiles PLC is a Bangladesh-based textile manufacturing company that engages in the production, spinning, and marketing of cotton yarn, blended yarn, and value-added specialized yarns. Founded in 1994 and headquartered in Dhaka, Bangladesh, the company operates as the flagship textile arm of Square Group, primarily serving export-oriented ready-made garment (RMG) manufacturers, circular knitting mills, weaving enterprises, and international apparel brands. The company's core product and service offerings include 100% cotton ring-spun yarns, comprising combed, carded, compact, and open-end rotor yarns; blended and synthetic yarns, such as polyester-cotton (PC), chief value cotton (CVC), cotton-viscose, and cotton-modal blends; specialized value-added yarns, including melange yarns, vortex-spun yarns, slub yarns, Siro spun yarns, and core-spun elastane yarns; sustainable and eco-friendly yarn lines, featuring Global Organic Textile Standard (GOTS) certified organic cotton yarns, Better Cotton Initiative (BCI) yarns, and Global Recycled Standard (GRS) certified recycled cotton yarns; and customized textile spinning and yarn development services. Square Textiles PLC operates integrated manufacturing facilities located in Gazipur and Mymensingh, Bangladesh, distributing its products to primary export-oriented apparel supply chains serving major markets across Europe, North America, and Asia. In recent major developments, Square Textiles PLC completed the corporate amalgamation and merger of its subsidiary Square Yarns Limited to streamline business operations, reduce administrative redundancies, and consolidate total spinning capacity under a unified corporate structure. The company has also executed substantial capital expenditure and Balancing, Modernization, Rehabilitation, and Expansion (BMRE) projects to install high-efficiency vortex spinning and automated compact spinning units, expanding capacity for high-margin specialized yarns. Furthermore, Square Textiles PLC has invested in sustainability-focused infrastructure by deploying extensive rooftop solar photovoltaic (PV) power systems across its factory sites to enhance energy resilience and reduce carbon emissions, while expanding its circular textile initiatives through pre-consumer waste recycling operations.