MERCINS Mercantile Insurance Co. Ltd.
Insurance
Tk 43.7 as of 2026-11-12 14:08:31
Rank 204 of all scored
Data completeness 100%
Data completeness 100%
Score breakdown
Consistency 62
Profitability 29
Solvency 60
Valuation 13
Weights: consistency 30%, profitability 30%, solvency 20%, valuation 20%; then risk flags add or subtract points. Full method
Why this score
Strengths
- Consistency Paid a dividend every year (5/5)
Concerns
- Consistency EPS rose in only 1 of 4 years (erratic or cyclical)
- Profitability Average ROE only 8.29% (below 9%: capital not working hard)
- Profitability Net profit shrinking 5.65% a year
- Valuation P/E 28.19 is high (above 12)
- Valuation Trades at 2.07x book value (NAV Tk 21.11, price Tk 43.7)
- Valuation Price is 56% above the Graham fair value (Tk 28.0)
Notes
- Solvency Bank/insurer: NPL and capital-adequacy are not in the data, so solvency is estimated from earnings stability
Risk flags
- Small cap (< Tk 200 cr): most exposed to manipulation and volatility
- Current P/E is well above trailing P/E: the latest quarter's EPS fell
Valuation
P/E
P/E audited
P/E current
P/B
NAV per share
EPS (last audited year)
Graham fair value
Margin of safety
52-week range
94.2% above the low, 21.5% below the high. Near the low is only interesting if profit is intact (see concerns above) and the fall has a temporary cause.
Quality and growth
ROE
ROE avg
ROE min
Profit CAGR
Profit YoY
Net profit
EPS up
Loss years (last ~5)
Dividends and safety
Div years
Dividend yield
Payout
Cash div
D/E
Their loans are deposits; NPL data is not available
Loans/MCap
Size, liquidity and ownership
MCap
Free float
Daily turnover
Sponsor %
Inst. %
Public %
Foreign %
Shareholding
- Sponsor/director 33.4%
- Institution 24.1%
- Public 42.4%
Audited history
| Year | EPS (Tk) | NAV/share | Net profit (cr) | Cash div % | Bonus % |
|---|---|---|---|---|---|
| 2021 | 2.08 | 20.38 | 9 | 10 | 0 |
| 2022 | 1.95 | 20.78 | 8 | 10 | 0 |
| 2023 | 1.15 | 19.75 | 5 | 10 | 0 |
| 2024 | 1.94 | 19.24 | 8 | 10 | 0 |
| 2025 | 1.65 | 21.7 | 7 | 10 | 0 |
Fiscal year ends December. EPS, NAV and profit are as audited by the company and published by DSE. Financials last fetched: 14/11/2026.
Shariah screen (partial)
Business screen and the debt ratio (loans / market cap 0%, limit 33%) are automated. Interest income (under 5% of revenue) and cash/investment ratios must be checked in the annual report.
Educational, not investment advice. Verify on DSE and StockNow before making any decision.