EquityLK

Bogala Graphite Lanka PLC

BOGA.N0000Moderately overvalued

Manufacturing · Other Metals/Minerals

Bogala Graphite Lanka PLC is a Sri Lankan mining and processing company engaged in the mining, separation, refining, treating, processing, preparation and sale of vein graphite. The business focuses on producing processed and purified grades of Sri Lankan vein graphite for industrial uses.

BOGA shares are up 50.9% over the past year and last closed at Rs 123.00 on Sep 30, 2026.

Rs 123.00
-1.01%
Price history
+50.92%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-2.7+0.3-18.6+7.6-3.2+10.0-5.6-3.7-5.4+0.0+0.0+0.0
2025+2.5-9.0-4.7+1.5-2.7+2.8+18.0+24.8-1.2+7.4+51.3+20.8
2024-5.1+4.3+7.1+6.7-0.9-6.3-3.8+0.0+5.8-0.2-1.5+17.3
2023+26.4+4.2+8.5-5.1-21.7+11.8+5.9-7.5-2.6-2.9+0.6-1.6
2022-1.9-23.8-47.0-2.0+62.5-23.1+8.6+34.6-3.0-18.2-14.1-8.6
2021-11.6+0.4-2.9+4.6+10.8+22.5+108.3-12.4+0.5+35.5+66.7-26.4
2020+4.6-10.6-30.1+0.0+0.0+11.1-2.0+3.4+40.8-5.1+10.8+22.7
2019+0.0+1.5-7.6-6.6-7.0-0.9+23.8+9.2+2.1+10.3+3.8-7.8
2018+2.3+2.9-1.4+8.7-4.0-2.8-3.6+4.4-5.7+1.5-1.5+0.0
2017+0.0-13.9-7.3+33.9+9.1-7.1-5.1-5.4-2.1+2.2-4.3-0.7
2016+3.6-22.9-44.4+6.7-1.2-12.0+13.7-4.4+6.0+6.3-11.8-4.0
2015+2.2+6.9-15.2+23.4-13.4+2.6-1.9+5.8-9.1+29.7-11.8-1.5
2014+8.7-7.5+8.6+4.0+1.4+9.9+3.4+7.9+3.1+16.0-11.3+13.4
2013+1.3-9.6-7.8+16.5+13.7-1.9-4.2-14.5+1.4+0.9-8.3-8.0
2012+0.0+0.0+0.0-8.8-33.2+34.6-4.9+32.7+13.1-5.1-25.1+13.4
Average+2.3-5.5-11.6+6.5+0.7+3.4+10.0+5.0+2.9+5.6+3.1+2.2
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+2.2-3.6-7.4+5.6-2.0+2.6-1.9+3.4+0.5+1.8-2.9-1.5
% up62%50%21%71%36%53%47%53%53%64%36%38%
P/E
42.1
P/B
7.60
EPS
Rs 2.92
Div Yield
6.34%
Market Cap
Rs 11.6B
Beta
0.11
ROE
20.3%
Op Margin
31.9%

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
Rs 1.6B
-6.6%
Rs 1.8B
+8.8%
Rs 1.6B
-4.5%
Rs 1.7B
+50.9%
Rs 1.1B
+68.2%
Rs 669.5M
-17.9%
Rs 815.6M
-7.1%
Rs 877.8M
+19.8%
Operating profit
Rs 396.1M
+89.1%
Rs 209.5M
-6.8%
Rs 224.7M
-71.5%
Rs 789.3M
+185.9%
Rs 276.1M
+380.3%
Rs 57.5M
-50.3%
Rs 115.6M
-35.2%
Rs 178.4M
Net profit
Rs 276.0M
+71.3%
Rs 161.1M
+3.7%
Rs 155.3M
-76.6%
Rs 664.3M
+177.5%
Rs 239.4M
+409.1%
Rs 47.0M
-51.7%
Rs 97.4M
-36.0%
Rs 152.2M
turned profitable
EPS
2.92
+71.8%
1.70
+3.7%
1.64
-76.6%
7.02
+177.5%
2.53
+406.0%
0.50
-51.5%
1.03
-36.0%
1.61

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.

Recent dividends

  • 2025 · first interimRs 8.00
Peer comparison2 peers in Manufacturing
Sector overview Open in screener
1Bogala Graphite Lanka PLC
BOGA.N0000 · this company
Rs 123.00
P/E
42.1
P/B
7.60
ROE
20.26%
Yield
6.34%
2Lanka Ceramic PLC
CERA.N0000
Rs 169.00
P/E
11.2
P/B
0.87
ROE
7.78%
Yield
3.79%
3Radiant Gems International PLC
RGEM.N0000
Rs 125.25
P/E
-
P/B
2.63
ROE
-11.31%
Yield
0.00%
Sector median · 29 companies
P/E 12.0P/B 1.63Yield 2.05%

About Bogala Graphite Lanka PLC

Bogala Graphite Lanka PLC is a Sri Lankan mining and processing company engaged in the mining, separation, refining, treating, processing, preparation and sale of vein graphite. The business focuses on producing processed and purified grades of Sri Lankan vein graphite for industrial uses. The company supplies graphite for industrial applications including friction materials, forging and foundry/refractory uses, lubricants and specialty dispersions, and pursues value‑added product penetration alongside R&D collaborations in graphene‑based applications. Operations emphasise customer qualification cycles to support repeat orders, process improvements, reliability, quality and safety. Key activities cover the full upstream and downstream chain from extraction of vein graphite through purification and preparation for sale, supported by ongoing investments in productivity, maintenance and product development.

Rupee & ForexExporters

AI analysis

bearish

Bogala Graphite trades at 42.7 times earnings, far above manufacturing peers, despite a strong June operating quarter. The premium leaves limited tolerance for uneven cash conversion.

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, 0 negative, 1 neutral.

24 months positive negative 3-month net
Nov 25: 2 articles, net +0.50Jul 26: 4 articles, net -0.25Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Ada Derana·Aug 4, 2026·Promotional / marketingPositive
EDB Eyes Expansion of Sri Lanka's Graphite Industry to Boost Mineral Export Revenue

The Export Development Board is intensifying efforts to expand Sri Lanka's graphite industry to boost mineral export revenue, including a field visit to Bogala Graphite Lanka PLC to review mining, processing and value-add operations. The drive aims to enhance market access, R&D and partnerships under the NEDP.

Exporters
Daily FT·Jul 31, 2026·M&A / stake change
Indirect change of control at Bogala Graphite after parent share transfer

Bogala Graphite Lanka said it has been notified of an indirect change of control after its majority shareholder Graphit Kropfmühl GmbH, which holds an 86.46% stake, was sold to a wholly owned subsidiary of Asbury Advanced Materials. The company reported no changes to operations or management; shares closed Rs.2.75 lower at Rs.134.

EconomyNext·Jul 30, 2026·Market commentaryNegative
Sri Lanka stocks close down, capital goods lead turnover

Colombo Stock Exchange closed lower, with the ASPI down 0.38% to 21,148.71 and market turnover of Rs.1.094 billion; capital goods led turnover at Rs.389 million. Bogala Graphite reported an indirect change of control (shares down 2.01%) and Lankem Ceylon disclosed a Rs.500m corporate guarantee for its subsidiary (shares up 5.23%).

Daily FT·Jun 25, 2026·Market commentaryPositive
CSE ends down 0.22% on weak sentiment

Colombo market fell 0.22% as the ASPI closed at 22,208.58 with turnover near Rs.1.2bn and foreign net outflows of Rs.130.6m. Main negative contributors included SAMP, JKH, LOFC, GRAN and RICH, while SPEN, BOGA and HAYC recorded gains.

Daily FT·Feb 3, 2026·Promotional / marketingPositive
Pathfinder Foundation charts roadmap for Sri Lanka’s critical minerals sector

Pathfinder Foundation held a diplomatic dialogue to advance Sri Lanka’s critical minerals sector and agreed to establish an International Study Group on Critical Minerals to drive policy reform and attract FDI. Bogala Graphite (CEO Amila Jayasinghe) participated, with industry calls for regulatory reform, digital licensing and value-added processing.

Exporters
Daily FT·Dec 31, 2025·Market commentaryPositive
CSE ends on the up, gains Rs. 84 b on improved investor sentiment

The Colombo stock market gained Rs.84 billion as the ASPI rose 1.42% to 22,445.89. Top contributors included Colombo Dockyard, Melstacorp, Hatton National Bank, Richard Pieris and Commercial Bank, with capital goods, banking and materials driving turnover and hotel stocks seeing buying interest.

Manufacturing sector: what is happening

Last 14 days to Sep 30, 2026

Manufacturing export conditions weakened in August as apparel, tea and coconut-based product shipments fell, although merchandise exports remained higher over January-August. Exporters also reported certification delays, cost pressures and cheaper imported rubber undermining local value addition. Oil-price swings added uncertainty to energy and transport inputs, while industry proposals continued to stress higher-value agrifood processing, traceability and mechanisation.

The stories behind it

Auto-generated from 16 sector news articles over 14 days. Not investment advice.