Meghna Condensed Milk Industries Ltd.
DDSE:MEGCONMILK29.90
BDT
+0.90
(+3.10%)
ISIN
BD0290MEGCO3
Return %
Stock
S&P 500
1Y
102.03
14.20
3Y
4.55
81.12
5Y
77.98
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Mostafa F. Kamal
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- Dhaka Bangladesh
- Similar Companies
- Business
- Meghna Condensed Milk Industries Limited is a Bangladesh-based food processing enterprise primarily engaged in the manufacturing, processing, packaging, and distribution of condensed milk and allied dairy products. Incorporated in 1999 and headquartered in Dhaka, Bangladesh, the company operates within the Food and Allied sector as part of the broader Meghna Group network and is publicly traded on the Dhaka Stock Exchange under the ticker MEGCONMILK. The company serves domestic retail consumers, commercial tea and coffee establishments, bakeries, confectioneries, and institutional food preparation businesses across Bangladesh. The company's core product and service portfolio comprises: sweetened condensed filled milk marketed under brand names including Fresh and No.1 for beverage preparation and desserts; unsweetened evaporated condensed milk developed for cooking, baking, and dietary applications; spray-dried full cream milk powder; dairy creamers and beverage whitening formulations; and automated canning, filling, hermetic sealing, and packaging operations utilizing dairy processing infrastructure. In recent developments, Meghna Condensed Milk Industries Limited has undergone notable operational and regulatory developments, maintaining a Z-category trading status on the Dhaka Stock Exchange amid persistent working capital deficits, accumulated losses, and operational disruptions at its Sonargaon industrial manufacturing plant in Narayanganj. The company has been subject to increased regulatory scrutiny from the Bangladesh Securities and Exchange Commission and stock exchange authorities concerning disclosure compliance, production suspension disclosures, and audit qualifications. In response to financial viability concerns and trading volatility queries, the board of directors and management continue to hold periodic corporate review sessions focused on debt restructuring, resolving outstanding bank liabilities, and evaluating potential capital rehabilitation strategies to support future operational resumption.