Banks & Finance · Finance/Rental/Leasing
Mercantile Investments and Finance PLC (MI) is a Sri Lanka-based non-bank financial institution providing finance company services to domestic customers.
MERC shares are down 30.9% over the past year and last closed at Rs 20.20 on Sep 30, 2026.
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Total income | Rs 8.7B +30.5% | Rs 6.7B +48.5% | Rs 4.5B +55.4% | Rs 2.9B -36.1% | Rs 4.5B +38.6% | Rs 3.3B -13.0% | Rs 3.8B -0.2% | Rs 3.8B +15.1% |
| Operating profit | Rs 3.0B +111.4% | Rs 1.4B +110.8% | Rs 667.9M +50.0% | Rs 445.3M -69.6% | Rs 1.5B +69.7% | Rs 864.2M +28.0% | Rs 675.3M -4.5% | Rs 706.9M -9.8% |
| Net profit | Rs 1.1B +6.9% | Rs 1.1B +93.4% | Rs 555.8M +424.1% | Rs 106.1M -89.5% | Rs 1.0B +64.7% | Rs 614.1M +65.2% | Rs 371.7M -18.9% | Rs 458.1M -10.9% |
| EPS | 1.91 -99.5% | 357.51 +93.4% | 184.90 +424.1% | 35.28 -89.5% | 336.51 +64.7% | 204.31 +65.2% | 123.66 -18.9% | 152.39 -10.9% |
Compared with the same period a year earlier.
Parent company only. Subsidiaries are not included.
Per-share figures are as reported, not adjusted for splits.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | CALF.N0000 | 120.75 | Rs 14.2B | 49.9 | 4.87 | 2.42 | 9.76% | 0.00% |
| 2 | SFIN.N0000 | 46.40 | Rs 12.9B | 7.6 | 1.31 | 6.07 | 17.69% | 2.16% |
| 3 | MERC.N0000 · this company | 20.20 | Rs 12.8B | 8.9 | 0.74 | 2.26 | 7.83% | 0.82% |
| 4 | ALLI.N0000 | 303.50 | Rs 10.2B | 4.6 | 0.87 | 65.87 | 19.54% | 3.29% |
| 5 | SEMB.N0000 | 1.10 | Rs 8.0B | 55.0 | 2.70 | 0.02 | 4.20% | 0.00% |
| 6 | UBF.N0000 | 2.00 | Rs 6.4B | 57.1 | 1.96 | 0.04 | 3.47% | 0.00% |
| 7 | AFSL.N0000 | 83.20 | Rs 6.1B | 7.2 | 1.43 | 11.63 | 20.63% | 3.27% |
| 8 | BFN.N0000 | 27.80 | Rs 5.9B | 13.5 | 1.43 | 2.05 | 1.79% | 0.00% |
| Peer median · 7 companies | - | - | 13.5 | 1.43 | - | - | 0.00% |
Mercantile Investments and Finance PLC (MI) is a Sri Lanka-based non-bank financial institution providing finance company services to domestic customers. The company operates solely within the domestic market and does not have subsidiary holding relationships; it holds a 26.12% strategic equity stake in Nuwara Eliya Hotels Company PLC as an associate. MI's core activities centre on lending and deposit mobilisation delivered through a nationwide branch network and digitalised processes, supported by functions such as collections, funding and value-added services. The company reports a substantial branch footprint and has migrated to an industry-accepted core operating system while emphasising cybersecurity, governance and risk management. MI publishes integrated reporting aligned with GRI and IIRC principles and positions its business model around sustainable value creation, stakeholder engagement and regulatory compliance within the Non-Bank Financial Institution (NBFI) sector.
Mercantile remains profitable after a LKR 1.1 billion rights issue, but its shares fell 21.1% in three months while leverage remains high.
Read the full report (Aug 29, 2026) →No scored news in the last 30 days.
Mercantile Investments & Finance PLC (MERC.N0000) completed an oversubscribed Rs. 1.1 billion rights issue, bolstering its capital base and regulatory capital position. The funds increase its financial flexibility to support growth and expansion in Sri Lanka's financial services sector.
Mercantile Investments & Finance PLC (MERC.N0000) completed an oversubscribed rights issue raising Rs. 1.1 billion. The funds bolster its capital base and regulatory capital position, enhancing financial flexibility to support growth and expansion in its financial services operations.
Rights issue · 1:18 at Rs 33.00 · XD Apr 22, 2026
Rights issue · 1:18 at Rs 33.00 · XD Apr 22, 2026
Rights issue · 1:18 at Rs 33.00 · XD Apr 22, 2026
Dividend · Rs 0.17 · XD Jan 5, 2026
Dividend of LKR 0.165/share; XD 2026-01-05; record 2026-01-05; payable 2026-01-23; FY 2025/2026
Share split · 1:200 · XD Dec 17, 2025
With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.
Auto-generated from 45 sector news articles over 14 days. Not investment advice.