Mercantile Islami Insurance PLC operates as a non-life insurance company in Bangladesh. The company operates through four segments: Fire, Marine, Motor, and Miscellaneous. It offers fire and allied perils, industrial all risks, power plant, property damage all risks, marine cargo, marine hull, private vehicle, commercial vehicle, motor cycle, motor liability, travel, contractors all risk, erection all risk, machinery breakdown, deterioration of stock, boiler and pressure vessel, contractors plant and machinery, electronic equipment, and aviation, as well as health insurance, including overseas mediclaim insurance. It also provides miscellaneous insurance, such as burglary and house breaking, money, cash-in-safe, cash-in-transit, cash-in-premises, cash-on-counter, cash-in-atm, workmen's compensation, personal accident, general/public liability, ATM Booth, all risks, people's personal accident, bank locker, air travel insurance, employer’s liability, fidelity guarantee, product liability, third-party liability, operational package, poultry, and business interruption insurances. The company was formerly known as Mercantile Insurance Company Limited and changed its name to Mercantile Islami Insurance PLC in May 2023. The company was incorporated in 1996 and is headquartered in Dhaka, Bangladesh.
Metrics to compare | MERC | Peers Peers - average of corresponding metrics from companies closely matching MERC: PEOPLESINS, RELIANCINS, PURABIGEN, JANATAINS, GLOBALINS | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipMERCPeersSector |
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P/E Ratio | 30.9x | 16.9x | 8.8x | |
PEG Ratio | −0.57 | −0.47 | 0.03 | |
Price/Book | 1.3x | 1.1x | 1.0x | |
Price / LTM Sales | 2.7x | 2.2x | 2.7x | |
Upside (Analyst Target) | - | 0.0% | 12.0% | |
Fair Value Upside | Unlock | 22.5% | 2.6% | Unlock |