EquityLK

Mercantile Shipping Company PLC

MSL.N0000Overvalued

Property & Construction · Real Estate Development

Mercantile Shipping Company PLC is a Colombo Stock Exchange–listed company in the Services sector with an activity line described as ship owning, operating and connected forwarding activities. The company's reporting notes that vessel operations have been classified as discontinued operations.

MSL shares are down 70.4% over the past year and last closed at Rs 194.50 on Sep 30, 2026.

Rs 194.50
+0.00%
Price history
-70.37%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-27.2-34.6-17.2-1.7+4.2-3.3-7.3+5.3-2.9+0.0+0.0+0.0
2025-6.1+0.5-15.0+12.4+20.4+33.4-6.1-3.1+122.2-14.5+0.9-1.9
2024+6.5-1.6+1.0+25.9-0.7-11.9+0.0+7.4-2.9-5.5+4.9+17.1
2023+0.8-8.5-10.3-12.2-22.4+48.4+22.0-16.7+0.0-4.5-18.6+0.2
2022+362.5-37.6-40.7+2.2+53.8-28.6-20.4+17.1+64.1-21.6+8.3-12.6
2021+15.7-23.2-0.6-8.6+2.7+18.5+20.0-9.3+31.2-13.7-0.6+6.1
2020+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+6.3+0.4+5.1+51.1
2019+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0
2018+0.0+0.0+0.0+0.0-3.8+4.0+0.0+0.0+0.0+0.0+0.0+0.0
2017+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0-8.3-6.0+16.1
2016+0.0+0.0+0.0+0.0+0.0-20.0+0.0+0.0-2.9+0.0+0.0+0.0
2015+0.0+0.0-7.8+0.0+0.0-19.4-2.9+0.0+0.0+4.1-1.0+0.0
2014+3.1-6.3+0.0+1.7-7.6+6.5+10.8+6.8-2.1-10.1+7.1-1.8
2013+6.0-16.7-3.7+24.0+3.2-8.5-11.1-12.8+13.7-9.4+1.5-9.4
2012+0.0+0.0+0.0+2.0-28.9+23.4+3.9+25.1-4.4-5.5-22.1+21.3
Average+45.2-16.0-10.5+5.1+2.1+3.5+0.9+2.2+20.2-8.1-1.9+8.6
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+4.6-12.6-7.8+2.0+1.0+0.3-1.4+5.3+0.0-8.3+0.9+3.1
% up75%13%11%67%50%50%40%56%45%18%55%60%
P/E
-
P/B
1.42
EPS
Rs -0.05
Div Yield
0.00%
Market Cap
Rs 553.4M
Beta
0.70
ROE
80.3%
Op Margin
2.9% (+12.5pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 22.6M
+11.8%
Rs 20.2M
+9.5%
Rs 18.4M
+7.2%
Rs 17.2M
-12.6%
Rs 19.7M
+4.5%
Rs 18.8M
+3.3%
Rs 18.2M
+0.7%
Rs 18.1M
-95.6%
Operating profit
Rs 445.4M
Rs -4.1M
Rs -8.0M
Rs -6.2M
Rs -9.3M
Rs -2.5M
Rs -1.4M
Rs -4.2M
Net profit
Rs 313.0M
turned profitable
Rs -1.0M
loss narrowed
Rs -2.1M
loss widened
Rs -1.1M
loss narrowed
Rs -4.7M
fell into loss
Rs 2.8B
turned profitable
Rs -201.0M
loss narrowed
Rs -792.7M
loss widened
EPS
110.01
-0.37
-0.73
-0.40
-1.65
982.75
-70.63
-0.96

Compared with the same period a year earlier.

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

Recent dividends

No dividend records.

Peer comparison9 peers in Property & Construction
Sector overview Open in screener
1Colombo City Holdings Plc
PHAR.N0000
Rs 203.75
P/E
11.9
P/B
1.67
ROE
13.87%
Yield
0.00%
2Commercial Development Co. Plc
COMD.N0000
Rs 293.50
P/E
8.8
P/B
0.78
ROE
8.87%
Yield
2.39%
3Seylan Developments Plc
CSD.N0000
Rs 24.40
P/E
11.1
P/B
0.61
ROE
5.42%
Yield
4.92%
4Cargo Boat Development Co. Ltd.
CABO.N0000
Rs 170.00
P/E
11.7
P/B
0.52
ROE
4.41%
Yield
0.88%
5CT Land Development Plc
CTLD.N0000
Rs 37.00
P/E
21.6
P/B
0.55
ROE
12.36%
Yield
0.00%
6Equity Two Ltd.
ETWO.N0000
Rs 57.40
P/E
6.3
P/B
0.88
ROE
13.83%
Yield
7.68%
7Kerner Haus Global Solutions PLC
CPRT.N0000
Rs 33.00
P/E
-
P/B
-
ROE
-
Yield
0.00%
8York Arcade Holdings PLC
YORK.N0000
Rs 8.90
P/E
-
P/B
5.93
ROE
-1.10%
Yield
0.00%
10Mercantile Shipping Company PLC
MSL.N0000 · this company
Rs 194.50
P/E
-
P/B
1.42
ROE
80.30%
Yield
0.00%
Peer median · 9 companies
P/E 11.4P/B 0.83Yield 0.44%

About Mercantile Shipping Company PLC

Mercantile Shipping Company PLC is a Colombo Stock Exchange–listed company in the Services sector with an activity line described as ship owning, operating and connected forwarding activities. The company's reporting notes that vessel operations have been classified as discontinued operations. For management and reporting purposes the Group is organized into a single operating segment that generates rent income from investment property. The annual report states there are no other significant components within the Group other than this rental business. Management reviews the operating segment’s results to make decisions about resource allocation and performance assessment; financial and segmental disclosures in the report focus on the Group’s rental income from investment property.

Interest Rates

AI analysis

neutral

MSL's June quarter returned to operating profit as revenue rose 12.2%, but trailing EPS remains negative.

Read the full report (Sep 1, 2026) →

News sentiment

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

No scored news in the last 30 days.

24 months positive negative 3-month net
Oct 23Feb 24Jun 24Oct 24Feb 25Jun 25

Property & Construction sector: what is happening

Last 14 days to Sep 30, 2026

Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.

The stories behind it

Auto-generated from 12 sector news articles over 14 days. Not investment advice.