FINANCIAL MODEL – MAIZE STARCH PROJECT
1. Assumptions
• Starch price: Tk 55,000 per ton
• Plant capacity: 200 TPD = 6,000 tons/month
• Utilization year 1: 70%, year 2: 85%, year 3+: 95%
• Glucose + dextrose + sorbitol add 22–25% revenue
• Byproducts add 8–10% revenue
2. Projected Sales (Year 1)
Starch output: 4,200 tons/month
Revenue: 4,200 × 55,000 = Tk 231,000,000/month (Tk 23.1 crore)
Annual starch revenue ≈ Tk 277 crore
Other revenue:
Glucose/dextrose/sorbitol: +Tk 65 crore
Byproducts: +Tk 22 crore
Total Year 1 Revenue ≈ Tk 364 crore
3. Operating Costs
• Raw maize: 60% of revenue
• Labor: Tk 12 crore/year
• Utilities: Tk 20 crore/year
• Maintenance: 3% of machinery value
4. Profitability
EBITDA margin: 18–22%
Estimated EBITDA (Year 1): Tk 70–80 crore
5. Payback Period
Payback ≈ 3.0–3.8 years
6. IRR Estimate
IRR ≈ 22–26%