EquityLK

Eastern Merchants PLC

EMER.N0000Moderately overvalued

Plantations & Agriculture · Agricultural Commodities/Milling

Eastern Merchants PLC is a Sri Lanka-based export-oriented group engaged in the export of traditional and non-traditional commodities, commodity trading and related manufacturing and fresh produce businesses.

EMER shares are down 9.0% over the past year and last closed at Rs 10.10 on Sep 30, 2026.

Rs 10.10
-0.98%
Price history
-9.01%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+26.0+13.7-19.5+24.2-5.4-6.4-15.2-8.9-1.0+0.0+0.0+0.0
2025+2.3-14.4-7.8+1.4+20.8+10.3-6.3+11.1+4.0+2.9+2.8-5.5
2024-7.4+3.2+9.2+12.7-8.8+1.4-2.7-15.3+6.6+3.1+0.0+31.3
2023-22.5-10.0+5.6-7.4-8.0+8.6+2.3-10.0-1.2-12.5-2.9+0.0
2022-5.6-6.0-32.9+9.4+27.6-24.3-1.8+136.4-3.8-6.4-14.5+29.0
2021-9.5-13.4-13.8+6.0+0.0+5.7+21.4-7.4+20.6+5.3-1.2+12.7
2020+3.6-19.3-37.0+0.0+0.0-7.7+47.2-5.7+48.0+1.4+0.0-1.3
2019-6.8-9.8+5.4+0.0-15.4-6.1+51.6-10.6-4.8+32.5+1.9+1.9
2018+5.0-11.1+0.0-1.8+3.6-19.3-6.5+14.0-4.1+2.1-2.1-6.4
2017+8.3-13.8-10.7+40.0+1.4-1.4+2.9-9.7+12.3-2.7-12.7-3.2
2016-21.3-12.9-1.6+28.3+0.0-9.1+1.4+11.3-5.1-6.7-7.1-7.7
2015-7.2+73.4-14.4+6.3+1.0+10.8-3.5-9.2-9.1+1.1-4.4+2.3
2014+15.7-12.3-1.4+1.4-2.8+0.0+4.3+0.0+4.2-2.7-8.2+3.0
2013+0.0-18.2-5.6+20.0-2.0-17.0-6.0-14.1+10.4+1.4-8.0+1.4
2012+0.0+0.0+0.0-4.5-33.3+28.6+23.3+20.7+10.4-18.9-21.7+17.0
Average-1.4-3.6-8.9+9.7-1.5-1.7+7.5+6.8+5.8+0.0-5.6+5.3
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-2.8-11.7-6.7+6.2-1.0-1.4+1.4-7.4+4.0+1.2-3.6+1.7
% up43%21%21%71%36%40%53%33%53%57%14%57%
P/E
-
P/B
0.60
EPS
Rs -0.71
Div Yield
0.00%
Market Cap
Rs 1.2B
Beta
0.99
ROE
-2.3%
Op Margin
-17.0% (-14.5pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 2.7B
-2.6%
Rs 2.8B
+4.2%
Rs 2.7B
-0.9%
Rs 2.7B
-19.2%
Rs 3.4B
+65.2%
Rs 2.0B
-9.1%
Rs 2.2B
+43.3%
Rs 1.6B
+13.2%
Operating profit
Rs 23.0M
Rs -116.6M
Rs -33.8M
Rs 114.0M
-84.5%
Rs 735.6M
+609.2%
Rs 103.7M
+175.1%
Rs 37.7M
Rs -88.9M
Net profit
Rs -45.7M
loss narrowed
Rs -114.3M
fell into loss
Rs 20.2M
-73.1%
Rs 75.1M
-88.5%
Rs 655.2M
+7,409.9%
Rs 8.7M
turned profitable
Rs -38.3M
fell into loss
Rs 61.0M
turned profitable
EPS
-0.41
-0.97
0.17
-73.4%
0.64
-88.6%
5.59
+7,885.7%
0.07
-0.61
0.58

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2022 · first and finalRs 0.15
  • 2012Rs 0.08
  • 2011Rs 3.00
Peer comparison3 peers in Plantations & Agriculture
Sector overview Open in screener
1Renuka Agri Foods Ltd.
RAL.N0000
Rs 11.20
P/E
9.1
P/B
1.77
ROE
10.50%
Yield
0.89%
2Mahaweli Coconut Plantations PLC
MCPL.N0000
Rs 52.50
P/E
15.2
P/B
2.16
ROE
13.92%
Yield
5.79%
3Eastern Merchants PLC
EMER.N0000 · this company
Rs 10.10
P/E
-
P/B
0.60
ROE
-2.29%
Yield
0.00%
4Tea Smallholder Factories Plc
TSML.N0000
Rs 34.30
P/E
6.4
P/B
0.54
ROE
8.45%
Yield
0.00%
Peer median · 3 companies
P/E 9.1P/B 1.77Yield 0.89%

About Eastern Merchants PLC

Eastern Merchants PLC is a Sri Lanka-based export-oriented group engaged in the export of traditional and non-traditional commodities, commodity trading and related manufacturing and fresh produce businesses. The Group supplies natural rubber and value-added rubber products, and exports a range of fresh produce items to international markets. The Group's manufacturing operations are conducted through its subsidiary Microcells (Pvt) Ltd (MCL), which produces rubber sheeting and mat products and holds ISO quality and environmental certifications and other compliance accreditations. The fresh produce division sources directly from regional farmers and exports items such as king coconut, tapioca, pineapple, mango, passionfruit and papaya, while the trading business focuses on natural rubber and other commodities for overseas markets. Eastern Merchants operates from Sri Lanka and serves export markets including North America and Europe, with ongoing efforts to diversify into Central/South America and East Asia; sustainability, traceability and regulatory compliance (including FSC Chain of Custody and preparations for EUDR compliance) are highlighted features of its operations. The Group reports a workforce of over 200 individuals across EM and MCL.

Rupee & ForexExportersTea & Plantation Crops

AI analysis

bearish

Eastern Merchants' June-quarter loss widened to LKR 95 million, with operating and net margins the worst among its past eight June quarters. The share trades below book value, but operating performance and cash generation remain weak.

Read the full report (Sep 9, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

1 article in 30 days: 0 positive, 1 negative, 0 neutral.

24 months positive negative 3-month net
Feb 26: 1 articles, net +1.00Sep 26: 1 articles, net -1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 7, 2026·Market commentaryNegative
Sri Lanka stocks trend up on Monday

Sri Lanka's ASPI rose 0.17% to 21,657.17 in early trading while the S&P SL20 gained 0.54% to 6,091.65 on turnover of Rs 446 million. Several firms were placed or moved to the watchlist for non-submission of FY2026 annual reports (SHL, HELA, MEL, LGL, EXT, BFN, TESS, EMER); top gainers included DIAL, HNB, COMB, AEL, ACL and top losers HAYC, DOCK, BIL, CCS.

Daily FT·Feb 11, 2026·Market commentaryPositive
CSE ends in red after sharp spike

The Colombo Stock Exchange closed down for a second session as the ASPI fell 0.43% (103.17 pts) to 23,651.09 with turnover over Rs.3.54bn and foreign net selling of Rs.465.9mn. Top negatives included SFCL, CARG, CFIN and DOCK, while RAL and EMER were among gainers.

Ada Derana·Dec 11, 2025·Promotional / marketingPositive
Ceylon Chamber Partners with Members and Relief Agencies to Deliver Cyclone Ditwah Relief

The Ceylon Chamber coordinated Cyclone Ditwah relief with member companies including Aitken Spence, Central Finance, Union Assurance, Union Bank, Eastern Merchants and Wealthtrust, mobilising over 190 volunteer hours and handling 40,000+ emergency assistance requests to support the DMC’s emergency operations.

Healthcare & PharmaTourism
Daily FT·Sep 29, 2025·Management or board change
Ruwanthi de Silva joins Eastern Merchants Board

Eastern Merchants PLC appointed Ruwanthi de Silva as an Executive Director. She has nearly 20 years' cross-industry HR and strategy experience and currently serves as HR & Compliance Director at Microcells Ltd., leading HR, compliance and automation initiatives.

IT & Digital

Plantations & Agriculture sector: what is happening

Last 14 days to Sep 30, 2026

Heavy August rain and cloud cover cut High Grown tea output to a 34-year monthly low, pulling national production below a year earlier. Tea exports weakened as August merchandise tea exports fell, while eight-month shipments and US dollar earnings declined amid higher freight and insurance costs and a lower average FOB. Sector bodies also pressed for productivity, mechanisation and value addition.

The stories behind it

Auto-generated from 17 sector news articles over 14 days. Not investment advice.