A profitable, low-debt hotel and property company with a big asset base and a steady cash dividend, though its core hotel business has cooled off in the last couple of years.
Unique Hotel & Resorts is a steady, asset-heavy hospitality company that carries very little debt and has paid a cash dividend every year we can see. It suits patient investors who want a dividend-paying business with a large base of property and reserves behind it, rather than fast growth. The main things to keep an eye on are its softening revenue and operating profit, and an auditor caution on the latest accounts.
Value today
Looks cheapToday
৳45.5
Rough estimate
৳65.4
Based on its own past price levels, what similar companies trade at, the value of what it owns and the dividend it pays. · low confidence
- Its own usual price vs profit৳61.8
- Priced like similar companies (profit)৳91.3
- Its own usual price vs asset value৳59.2
- Based on the dividend it pays৳26.7
A rough, educational estimate from the figures we have — not a price target or advice.
Data as of 2026-07-16
What does this company do?
A hotel and resort company listed since 2012, sitting on a very large base of property and reserves relative to what it earns each year.
Unique Hotel & Resorts PLC is in the hotel, resort and hospitality business and has been listed on the Dhaka Stock Exchange since 2012. It sits in the 'Travel & Leisure' group, and its financial year runs to the end of June.
The company is unusually asset-heavy. At the last count it held about ৳4,458 crore of total assets and about ৳2,765 crore of shareholders' own money (equity), while its yearly sales were only about ৳268 crore. In other words, it owns far more than it sells in a year — the hallmark of a business built on valuable land and buildings rather than fast turnover.
It has 29.4 crore shares, a face value of ৳10 each, paid-up capital of about ৳294.4 crore, and very large accumulated reserves of about ৳1,852 crore built up over the years.
How does it make money?
It earns from hotel and hospitality operations, but its balance sheet is dominated by a large, valuable asset base.
The company's income comes from running hotels and resorts — the day-to-day hospitality business. Yearly revenue has been in the ৳190–294 crore range over the last four years (৳189.7 crore in 2022, ৳293.5 crore in 2023, ৳292.6 crore in 2024 and ৳268.3 crore in 2025).
Because it owns so much property relative to its sales, the value of what it owns matters as much as the trading profit. Its asset value per share (the company's own money divided by its shares) has climbed steadily to about ৳93.91, well above the ৳10 face value — a sign of a business that has been building up worth on its books.
Note that operating profit is a modest slice of that asset base: operating profit was about ৳102 crore in 2025. So this is a company whose worth sits largely in what it owns, with the hotel operations layered on top.
Is it actually making money?
Yes — it swung from a 2021 loss to solid profits, peaked in 2023, and has settled near ৳150 crore since.
The profit journey is a recovery story. In 2021 the company made a loss of about ৳9.71 crore (earnings of about −৳0.33 per share) — a pandemic-hit year for hotels. It then bounced back hard: profit of about ৳96.4 crore in 2022, a peak of about ৳189 crore in 2023, then ৳151.2 crore in 2024 and ৳152.5 crore in 2025. Earnings per share followed the same path: −0.33, 3.27, 6.42, 5.14 and 5.18 taka.
The reported five-year growth looks enormous (profit up around 1,671%), but that is mostly because 2021 was a loss year — growth measured off a loss or near-zero base always looks huge. The more useful reading is the last three years, where profit has held steady in the ৳150 crore neighbourhood.
One caution: the core business has cooled a little. Revenue slipped from ৳293.5 crore (2023) to ৳268.3 crore (2025), and operating profit fell from about ৳138 crore (2023) to about ৳102 crore (2025). Headline net profit stayed near ৳150 crore even as operating profit fell, which means some of the recent profit has leaned on income from outside the main hotel operations.
Is it financially safe?
Very safe on debt — it owes very little against a huge equity base — though cash generation is lumpy and the auditor flagged a caution.
On debt, the company is in a strong position. Total debt was about ৳178.2 crore at the last count against shareholders' equity of about ৳2,765 crore — a debt-to-equity of only about 0.06, meaning it owes roughly 6 taka for every 100 taka of owners' money. Debt actually came down from a 2023 high of about ৳339.7 crore.
Cash generation is positive but uneven. Operating cash flow has bounced around — ৳32.3 crore (2021), ৳17.7 crore (2022), ৳151 crore (2023), ৳190.3 crore (2024) and ৳84.6 crore (2025). In 2025 the cash the business produced (৳84.6 crore) was noticeably below its reported profit (৳152.5 crore), a gap worth watching. Cash on hand was modest at about ৳14.3 crore, and spending on new equipment and property was small, only about ৳4.45 crore in 2025.
One genuine caveat: for the year ended June 2025 the company's auditor added an 'Emphasis of Matter' note to the accounts — a formal flag asking readers to pay attention to a particular issue in the financial statements. It is not the same as saying the accounts are wrong, but it is a reason to read the annual report carefully.
How do we judge if it's fairly priced?
We compare the share to how it has usually been priced, to similar companies, to its asset value, and to its dividend — the live box on this page does the current sums.
To judge whether the share is fairly priced, we line up four simple yardsticks. First, how the market has usually priced this share against its own profit: over recent years buyers have typically paid roughly ৳12 for every ৳1 of yearly profit. Second, how similar hotel and resort companies on the exchange are priced. Third, the share against the value of what the company owns — historically the market has paid a bit over half (around 0.6 times) of its asset value. Fourth, the income angle — what the dividend it pays is worth to a buyer.
The durable inputs behind these are the company's profit per share of about ৳5.18 for 2025 and its asset value per share of about ৳93.91. Together these anchor the 'profit' and 'asset' yardsticks.
Because the current price moves every day, the actual up-to-date comparison — today's price against profit, assets and dividend, and whether that reads as cheap, fair or dear — is shown in the live 'value today' box beside this report, not written into this durable text.
Value today
Looks cheapToday
৳45.5
Rough estimate
৳65.4
Based on its own past price levels, what similar companies trade at, the value of what it owns and the dividend it pays. · low confidence
- Its own usual price vs profit৳61.8
- Priced like similar companies (profit)৳91.3
- Its own usual price vs asset value৳59.2
- Based on the dividend it pays৳26.7
A rough, educational estimate from the figures we have — not a price target or advice.
Does it reward shareholders?
Yes — a cash dividend every year, currently 16% of face value (৳1.6 a share), comfortably covered by profit.
Unique has been a reliable dividend payer. Over the last five years it declared cash dividends of 10%, 15%, 20%, 16% and 16% of face value — that is ৳1.0, ৳1.5, ৳2.0, ৳1.6 and ৳1.6 per share. The most recent payout, for the year ended June 2025, was 16% cash, or ৳1.6 per share.
The dividend looks safe. With earnings of about ৳5.18 per share and a dividend of ৳1.6, the company is paying out under a third of its yearly profit and keeping the rest — a comfortable cushion that leaves room to maintain the payout even in a softer year.
It has paid every year in the window we can see, including right through the recovery, which points to a management that values a steady payout. (What that dividend is worth as a yearly return depends on the price you pay, which is shown live beside this report.)
What makes it special?
Its edge is a large, valuable asset base, very low debt, and steady profits in a small peer group where several rivals lose money.
Unique's main strength is not fast growth but staying power. It sits on a big base of property and reserves (asset value of about ৳93.91 per share) and carries very little debt, so it can ride out weak years far more comfortably than a stretched competitor.
Its peer group on the exchange is small — a handful of travel-and-leisure companies. Among them, several are actually losing money or barely breaking even (some peers earn a negative or near-zero return on their owners' money), while Unique earns a steady profit each year. That consistency in a shaky sector is itself an edge.
A big chunk of the shares is held by the sponsors and directors — about 52.45% — so the people running the company have a large personal stake alongside outside investors. Its margins on hotel operations have been healthy relative to sales, though, as noted, the core business has softened recently.
Why it could do well
Low debt, a large asset base, a well-covered dividend, steady profits, and closely aligned owners.
- Very low debt (debt-to-equity of about 0.06) and a large equity base of about ৳2,765 crore give it strong staying power.
- A large asset base — total assets of about ৳4,458 crore and asset value of about ৳93.91 per share — sits behind each share.
- A reliable cash dividend every year for the last five years, currently ৳1.6 per share (16% of face value), comfortably covered by profit.
- Steady profits of about ৳150 crore in each of the last two years, in a sector where several peers lose money.
- Sponsors and directors hold about 52.45%, so management's interests are closely tied to shareholders'.
What could go wrong
A softening core business, profit leaning on non-operating income, lumpy cash flow, an auditor caution, and a thin return on a huge asset base.
- The core business has softened: revenue is down from ৳293.5 crore (2023) to ৳268.3 crore (2025) and operating profit down from about ৳138 crore to about ৳102 crore.
- Headline profit has leaned on income from outside the main hotel operations — in 2025 net profit (৳152.5 crore) was higher than operating profit (৳102 crore).
- Cash generation is lumpy; 2025 operating cash flow (৳84.6 crore) fell well below reported profit (৳152.5 crore), and cash on hand was small at about ৳14.3 crore.
- The auditor added an 'Emphasis of Matter' note to the year-ended-June-2025 accounts — a formal caution to read the statements carefully.
- With a huge asset base but only about ৳268 crore of yearly sales, the business earns a thin return on everything it owns, so profit growth from here may be slow.
So, is it for you?
Best for patient, income-minded investors who value safety and dividends over rapid growth — provided they're comfortable with the recent business softness and the auditor's caution.
Unique Hotel & Resorts is a steady, conservatively financed company. Its appeal is safety and income: very low debt, a large asset and reserve base, and a cash dividend paid every year we can see, well covered by profit. For a patient investor who wants a dividend-paying hospitality and property business to hold, it ticks those boxes.
It is less suited to someone chasing fast growth. Revenue and operating profit have drifted down over the last two years, headline profit has leaned on non-operating income, and cash flow is uneven. The auditor's 'Emphasis of Matter' note is a further reason to read the latest annual report before committing.
In short: a solid, asset-rich, low-debt dividend payer going through a soft patch in its core business. Whether today's price makes it attractive is a separate question, answered by the live value box beside this report — this write-up is about the company, not the day's price.
This is educational information based on the company's past data, not investment advice. Always do your own research or speak to a licensed adviser before making any decision.