DSE : MEGHNAINS
Meghna Insurance PLC. — Financial statements
Fire, Marine, and Casualty Insurance · Bangladesh
Last price 30 BDT (At close: Oct 29, 2026) · Market cap 1.20B
Latest research: Meghna Insurance financial analysis: premium up 40.4%, combined ratio 75.2% (Oct 2026) · Meghna Insurance: 2025 gross premium up 40.4%, underwriting profit Tk 36.2m, combined ratio 75.2%
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 952.20M | 1.04B | 692.55M | 690.67M | 824.58M | 538.99M |
| Total Interest & Dividend Income | 59.10M | 58.46M | 49.02M | 39.21M | 35.96M | 33.72M |
| Gain (Loss) on Sale of Investments | 656.43K | 566.76K | 271.41K | 287.48K | 5.89M | 1.02M |
| Other Revenue | 43.43M | 41.67M | 41.49M | 52.06M | 54.87M | 54.45M |
| Total Revenue | 1.06B | 1.14B | 783.33M | 782.22M | 921.30M | 628.19M |
| Policy Benefits | 5.33M | 15.52M | 82.09M | 34.92M | 17.54M | 66.09M |
| Policy Acquisition & Underwriting Costs | 154.88M | 178.52M | 117.12M | 118.99M | 128.27M | 33.47M |
| Selling, General & Administrative | 595.88M | 658.96M | 508.14M | 602.98M | 596.64M | 459.86M |
| Total Operating Expenses | 759.79M | 856.16M | 711.08M | 760.69M | 745.75M | 560.66M |
| Operating Income | 295.59M | 284.52M | 72.24M | 21.53M | 175.54M | 67.52M |
| Interest Expense | -816.64K | -801.82K | -556.32K | -850.91K | -813.29K | -3.26M |
| Other Non Operating Income (Expenses) | 360.64K | 360.64K | 792.08K | 1.71M | -245.24K | |
| EBT Excluding Unusual Items | 295.13M | 284.07M | 72.48M | 22.38M | 174.49M | 64.26M |
| Gain (Loss) on Sale of Assets | 464.93K | 493.46K | 783.81K | 2.60M | 6.23M | -15.96K |
| Pretax Income | 295.60M | 284.57M | 73.26M | 24.99M | 180.71M | 64.25M |
| Income Tax Expense | 16.46M | 9.14M | 22.28M | 24.56M | 22.01M | 4.49M |
| Net Income | 279.13M | 275.43M | 50.98M | 424.87K | 158.71M | 59.76M |
| Net Income to Common | 279.13M | 275.43M | 50.98M | 424.87K | 158.71M | 59.76M |
| Shares Outstanding (Basic) | 40.00M | 40.00M | 40.00M | 40.00M | 33.38M | 21.67M |
| Shares Outstanding (Diluted) | 40.00M | 40.00M | 40.00M | 40.00M | 33.38M | 21.67M |
| EPS (Basic) | 6.98 | 6.89 | 1.27 | 0.01 | 4.75 | 2.76 |
| EPS (Diluted) | 6.98 | 6.89 | 1.27 | 0.01 | 4.75 | 2.76 |
| Free Cash Flow | 118.04M | 224.70M | 77.80M | -10.54M | -124.54M | 122.96M |
| Free Cash Flow Per Share | 2.95 | 5.62 | 1.95 | -0.26 | -3.73 | 5.67 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.30 |
| Operating Margin | 28.01% | 24.94% | 9.22% | 2.75% | 19.05% | 10.75% |
| Profit Margin | 26.45% | 24.15% | 6.51% | 0.05% | 17.23% | 9.51% |
| Free Cash Flow Margin | 11.19% | 19.70% | 9.93% | -1.35% | -13.52% | 19.57% |
| EBITDA | 308.37M | 297.72M | 88.53M | 42.04M | 193.60M | 80.27M |
| EBITDA Margin | 29.22% | 26.10% | 11.30% | 5.37% | 21.01% | 12.78% |
| D&A For EBITDA | 12.78M | 13.20M | 16.28M | 20.51M | 18.06M | 12.75M |
| EBIT | 295.59M | 284.52M | 72.24M | 21.53M | 175.54M | 67.52M |
| EBIT Margin | 28.01% | 24.94% | 9.22% | 2.75% | 19.05% | 10.75% |
| Effective Tax Rate | 5.57% | 3.21% | 30.42% | 98.30% | 12.18% | 6.98% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 174.39M | 133.63M | 89.15M | 84.05M | 55.10M | 25.00M |
| Other Investments | 494.59M | 510.42M | 525.28M | 543.49M | 553.45M | 387.47M |
| Total Investments | 668.98M | 644.05M | 614.43M | 627.54M | 608.55M | 412.47M |
| Cash & Equivalents | 139.89M | 167.20M | 80.21M | 72.74M | 116.34M | 234.79M |
| Reinsurance Recoverable | 173.55M | 169.89M | 158.81M | 147.57M | 135.87M | 122.97M |
| Other Receivables | 54.85M | 52.48M | 43.86M | 30.00M | 19.61M | 8.70M |
| Property, Plant & Equipment | 239.74M | 244.72M | 251.94M | 270.49M | 287.71M | 260.57M |
| Other Intangible Assets | 79.84K | 83.98K | 104.98K | 131.22K | 164.03K | 120.86K |
| Other Current Assets | 387.96M | 398.65M | 279.93M | 209.85M | 203.33M | 183.35M |
| Long-Term Deferred Tax Assets | 67.22K | |||||
| Other Long-Term Assets | -1.00 | 1.00 | ||||
| Total Assets | 1.67B | 1.68B | 1.43B | 1.36B | 1.37B | 1.22B |
| Accrued Expenses | 164.42M | 200.27M | 171.41M | 150.41M | 127.40M | 131.70M |
| Insurance & Annuity Liabilities | 445.94M | 499.12M | 277.65M | 279.10M | 330.21M | 215.56M |
| Unpaid Claims | 164.05M | 70.59M | 94.57M | 49.89M | 59.81M | 60.20M |
| Unearned Premiums | 12.83M | 50.34M | 27.56M | 29.41M | 53.25M | 131.70M |
| Reinsurance Payable | 93.56M | 95.11M | 115.83M | 118.89M | 96.40M | 214.80M |
| Current Portion of Leases | 6.50M | 7.62M | 5.20M | 5.11M | 6.53M | 7.25M |
| Current Income Taxes Payable | 141.00M | 134.17M | 122.05M | 104.21M | 84.07M | 61.42M |
| Long-Term Debt | 39.18K | 39.18K | 39.18K | 39.18K | 39.18K | 39.18K |
| Long-Term Leases | 3.95M | 5.15M | 5.31M | 6.42M | 7.78M | 10.67M |
| Long-Term Deferred Tax Liabilities | 6.84M | 5.81M | 8.79M | 4.35M | 573.85K | |
| Other Current Liabilities | 3.05M | 16.30M | 12.87M | 8.92M | 14.35M | 357.48K |
| Other Long-Term Liabilities | 31.40M | 20.86M | 17.56M | 17.42M | 17.42M | 1.15M |
| Total Liabilities | 1.07B | 1.11B | 858.84M | 774.17M | 797.25M | 835.43M |
| Common Stock | 400.00M | 400.00M | 400.00M | 400.00M | 400.00M | 240.00M |
| Retained Earnings | 238.45M | 219.54M | 204.95M | 191.62M | 178.75M | 145.72M |
| Comprehensive Income & Other | -47.00M | -47.84M | -34.51M | -7.48M | -4.35M | 1.82M |
| Shareholders' Equity | 591.45M | 571.70M | 570.44M | 584.14M | 574.40M | 387.54M |
| Total Liabilities & Equity | 1.67B | 1.68B | 1.43B | 1.36B | 1.37B | 1.22B |
| Filing Date Shares Outstanding | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M | 21.67M |
| Total Common Shares Outstanding | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M | 21.67M |
| Total Debt | 10.49M | 12.81M | 10.55M | 11.57M | 14.35M | 17.96M |
| Net Cash (Debt) | 129.40M | 154.39M | 69.66M | 61.17M | 101.99M | 216.83M |
| Net Cash Per Share | 3.24 | 3.86 | 1.74 | 1.53 | 3.06 | 10.01 |
| Book Value Per Share | 14.79 | 14.29 | 14.26 | 14.60 | 14.36 | 17.88 |
| Tangible Book Value | 591.37M | 571.62M | 570.34M | 584.01M | 574.24M | 387.42M |
| Tangible Book Value Per Share | 14.78 | 14.29 | 14.26 | 14.60 | 14.36 | 17.88 |
| Land | 162.05M | 162.05M | 162.05M | 162.05M | 162.05M | 162.05M |
| Buildings | 18.56M | 18.56M | 18.56M | 18.56M | 18.56M | 18.56M |
| Machinery | 156.28M | 133.16M | 135.39M | 139.31M | 137.21M | 124.24M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 279.13M | 275.43M | 50.98M | 424.87K | 158.71M | 59.76M |
| Depreciation & Amortization | 22.70M | 23.12M | 23.94M | 29.07M | 26.98M | 25.02M |
| Other Amortization | 25.14K | 21.00K | 26.24K | 57.43K | 40.84K | 30.22K |
| Gain (Loss) on Sale of Assets | -451.05K | -493.46K | -783.81K | |||
| Gain (Loss) on Sale of Investments | -670.31K | -566.76K | -271.41K | |||
| Change in Unearned Revenue | -43.96M | 22.78M | -1.86M | -23.83M | -78.45M | 81.21M |
| Change in Income Taxes | -19.30M | -21.99M | -21.45M | -39.12M | -53.49M | -22.02M |
| Change in Deferred Taxes | 4.42M | -641.07K | -1.59M | |||
| Change in Insurance Reserves / Liabilities | 194.70M | 198.35M | 43.23M | -61.03M | 114.25M | -41.97M |
| Change in Other Net Operating Assets | -45.60M | 3.09M | 10.42M | 13.00M | -119.17M | 67.45M |
| Other Operating Activities | -264.47M | -271.16M | -26.08M | 75.67M | -92.64M | -34.94M |
| Operating Cash Flow | 122.10M | 228.58M | 78.16M | -1.34M | -44.41M | 132.95M |
| Capital Expenditures | -4.06M | -3.88M | -358.75K | -9.20M | -80.13M | -9.99M |
| Sale of Property, Plant & Equipment | 943.79K | 1.04M | 688.09K | 3.02M | 48.08M | 22.20K |
| Investment in Securities | -13.36M | 9.84M | 23.55M | 12.19M | -206.65M | -160.54M |
| Other Investing Activities | -43.92M | -97.43M | -48.34M | 11.26M | 24.80M | 30.99M |
| Investing Cash Flow | -60.39M | -90.43M | -24.45M | 17.27M | -213.90M | -139.53M |
| Short-Term Debt Issued | 8.50M | 623.88K | ||||
| Total Debt Issued | 8.50M | 623.88K | ||||
| Total Debt Repaid | -10.92M | -10.91M | -6.17M | -16.53M | -7.32M | -60.98M |
| Lease Payments | -10.92M | -10.91M | -6.17M | -8.03M | -7.32M | -9.39M |
| Net Debt Issued (Repaid) | -10.92M | -10.91M | -6.17M | -8.03M | -7.32M | -60.36M |
| Issuance of Common Stock | 160.00M | 160.65M | ||||
| Common Dividends Paid | -39.17M | -39.45M | -39.21M | -50.66M | -12.00M | |
| Other Financing Activities | -816.64K | -801.82K | -556.32K | -850.91K | -813.29K | -3.26M |
| Financing Cash Flow | -50.90M | -51.16M | -45.94M | -59.54M | 139.87M | 97.03M |
| Net Cash Flow | 10.81M | 86.99M | 7.77M | -43.60M | -118.45M | 90.45M |
| Free Cash Flow | 118.04M | 224.70M | 77.80M | -10.54M | -124.54M | 122.96M |
| Free Cash Flow Margin | 11.19% | 19.70% | 9.93% | -1.35% | -13.52% | 19.57% |
| Free Cash Flow Per Share | 2.95 | 5.62 | 1.95 | -0.26 | -3.73 | 5.67 |
| Levered Free Cash Flow | 153.64M | 95.49M | 73.99M | 40.67M | -318.59M | -22.36M |
| Unlevered Free Cash Flow | 154.15M | 95.99M | 74.34M | 41.21M | -318.08M | -20.32M |
| Free Cash Flow After Leases | 107.13M | 213.79M | 71.63M | -18.57M | -131.86M | 113.57M |
| Cash Interest Paid | 816.64K | 801.82K | 556.32K | 850.91K | 813.29K | 3.26M |
| Cash Income Tax Paid | 19.30M | 21.99M | 21.45M | 18.97M | 30.84M | 23.47M |
| Change in Working Capital | 85.84M | 202.23M | 30.35M | -106.57M | -137.50M | 83.08M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.20B | 1.12B | 1.12B | 1.50B | 1.71B | |
| Enterprise Value | 1.07B | 1.01B | 1.02B | 1.39B | 1.61B | |
| PE Ratio | 4.30 | 4.07 | 21.89 | 3,521.08 | 10.79 | |
| PS Ratio | 1.14 | 0.98 | 1.43 | 1.91 | 1.86 | |
| PB Ratio | 2.03 | 1.96 | 1.96 | 2.56 | 2.98 | |
| P/FCF Ratio | 10.17 | 4.98 | 14.35 | |||
| P/OCF Ratio | 9.83 | 4.90 | 14.28 | |||
| EV/Sales Ratio | 1.01 | 0.88 | 1.30 | 1.78 | 1.75 | |
| EV/EBITDA Ratio | 3.36 | 3.38 | 11.54 | 33.11 | 8.30 | |
| EV/EBIT Ratio | 3.62 | 3.53 | 14.14 | 64.66 | 9.16 | |
| EV/FCF Ratio | 9.07 | 4.47 | 13.13 | |||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 |
| Debt / EBITDA Ratio | 0.03 | 0.04 | 0.11 | 0.23 | 0.07 | 0.19 |
| Debt / FCF Ratio | 0.09 | 0.06 | 0.14 | 0.15 | ||
| Net Debt / Equity Ratio | -0.22 | -0.27 | -0.12 | -0.10 | -0.18 | -0.56 |
| Net Debt / EBITDA Ratio | -0.42 | -0.52 | -0.79 | -1.46 | -0.53 | -2.70 |
| Net Debt / FCF Ratio | -1.10 | -0.69 | -0.90 | 5.80 | 0.82 | -1.76 |
| Quick Ratio | 1.08 | 1.18 | 1.10 | 1.32 | 1.52 | 1.02 |
| Current Ratio | 2.14 | 2.26 | 1.98 | 2.15 | 2.33 | 1.54 |
| Asset Turnover | 0.66 | 0.73 | 0.56 | 0.57 | 0.71 | 0.58 |
| Return on Equity (ROE) | 47.48% | 48.23% | 8.83% | 0.07% | 33.00% | 20.11% |
| Return on Assets (ROA) | 11.58% | 11.45% | 3.24% | 0.99% | 8.46% | 3.91% |
| Return on Invested Capital (ROIC) | 47.05% | 47.26% | 8.54% | 0.06% | 31.01% | 18.54% |
| Earnings Yield | 23.26% | 24.59% | 4.57% | 0.03% | 9.27% | |
| FCF Yield | 9.84% | 20.06% | 6.97% | -0.70% | -7.27% | |
| Dividend Yield | 3.33% | 3.57% | 3.58% | 2.67% | 2.34% | |
| Payout Ratio | 14.03% | 14.32% | 76.92% | 11,923.82% | 7.56% | |
| Buyback Yield / Dilution | -19.83% | -54.03% | -173.12% | |||
| Total Shareholder Return | 3.33% | 3.57% | 3.58% | -17.16% | -51.69% | -173.12% |