EquityLK

Seylan Developments Plc

CSD.N0000Undervalued

Property & Construction · Real Estate Development

Seylan Developments PLC is a Colombo Stock Exchange–listed company and a subsidiary of Seylan Bank PLC that specialises in property development, administration and maintenance, and the rental of commercial spaces and residential apartments.

CSD shares are down 14.4% over the past year and last closed at Rs 24.40 on Sep 30, 2026.

Rs 24.40
+3.39%
Price history
-14.39%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+1.0-1.6-9.0-0.4-0.7-1.9-1.9-3.8-2.4+0.0+0.0+0.0
2025-2.0-5.7-4.8-2.7+21.5+7.7+15.4-0.9-10.9+12.3+3.8-9.0
2024+2.8+14.9+0.0+0.0+2.9+1.1-9.6-1.9+7.6-3.0+22.6+24.4
2023+9.3+12.4-13.1-7.1-3.4+11.5+8.7-4.4+1.5-3.0+9.3+2.1
2022+8.3-1.0-32.6-1.5+1.6-3.8-11.2+27.0-0.7-10.7-6.4+0.9
2021+19.4-7.0-4.4-5.9-0.7+5.6+5.3+4.4+0.0+0.6+11.4-3.2
2020+0.0-2.6-14.2+0.0+0.0+2.0+8.7+0.9+10.5-0.8+8.0+6.7
2019+0.0+4.5-9.6-4.8+3.0-5.9+16.7-4.5-2.8+6.7+0.9+3.6
2018+5.1+0.0-4.8-2.2-5.9-9.4-4.3+4.5-11.3+3.9-1.9+5.8
2017-4.2+1.4+0.0-3.6-2.2+8.3+4.9-5.3-0.7+0.7-3.5+0.7
2016-6.5-3.1-2.4+4.9+0.8-7.7+11.7+10.4-6.1+10.8-12.3+6.7
2015-0.7+0.7-5.0+4.5+3.6-0.7+0.7+4.1-5.3-0.7-2.1+0.0
2014+7.8-3.1-1.1+17.2+0.0+0.0+17.4+9.4+12.1-5.7-5.4+0.7
2013+2.2-10.8+3.6+9.3+27.7-8.3-11.8-7.2+4.4+1.1-5.3+0.0
2012+0.0+0.0+0.0+1.3-17.5+6.1-4.3+13.4+44.7-13.6-13.7+11.0
Average+3.0-0.1-6.9+0.6+2.2+0.3+3.1+3.1+2.7-0.1+0.4+3.6
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+1.6-1.3-4.8-1.0+0.4+0.0+4.9+0.9-0.7+0.0-2.0+1.5
% up57%36%7%36%50%47%60%53%40%50%43%71%
P/E
11.1
P/B
0.61
EPS
Rs 2.20
Div Yield
4.92%
Market Cap
Rs 3.4B
Beta
0.86
ROE
5.4%
Op Margin
64.1% (-2.1pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
Rs 380.3M
-4.2%
Rs 397.1M
+2.6%
Rs 387.1M
-0.5%
Rs 389.0M
+13.7%
Rs 342.1M
+4.9%
Rs 326.2M
+13.3%
Rs 288.0M
+3.0%
Rs 279.8M
+5.9%
Operating profit
Rs 336.9M
-12.2%
Rs 383.6M
+10.9%
Rs 345.8M
-23.9%
Rs 454.2M
+54.7%
Rs 293.5M
-3.5%
Rs 304.2M
+33.4%
Rs 228.1M
-19.7%
Rs 283.8M
+54.5%
Net profit
Rs 307.2M
-12.4%
Rs 350.8M
-0.9%
Rs 353.8M
+48.1%
Rs 239.0M
-31.9%
Rs 350.8M
+34.8%
Rs 260.2M
+34.8%
Rs 193.0M
-24.3%
Rs 255.0M
+5.7%
EPS
2.20
-11.3%
2.48
+3.8%
2.39
+48.5%
1.61
-32.1%
2.37
+34.7%
1.76
+35.4%
1.30
-24.4%
1.72
+5.5%

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 and finalRs 1.20
  • 2024 · first and finalRs 1.10
  • 2023 · first and finalRs 1.00
  • 2022 · first and finalRs 1.20
  • 2021 · first and finalRs 1.40
  • 2020 · first and finalRs 1.20
  • 2020Rs 1.10
  • 2019 · first and finalRs 1.10
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 · this company
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%
Peer median · 9 companies
P/E 11.7P/B 1.15Yield 0.00%

About Seylan Developments Plc

Seylan Developments PLC is a Colombo Stock Exchange–listed company and a subsidiary of Seylan Bank PLC that specialises in property development, administration and maintenance, and the rental of commercial spaces and residential apartments. The Company focuses on managing and leasing its investment property portfolio to generate stable rental income and preserve asset value. The Company’s principal asset is "Seylan Towers" at No. 90, Galle Road, Colombo 03, which comprises two towers: the East Tower, a multi-storey prime office complex housing the Head Office of Seylan Bank PLC, and the West Tower, which consists of 16 fully furnished apartments leased to tenants. These assets are located in a prime commercial area in Colombo and form the core of the Company’s operations. Seylan Developments provides property management, maintenance and tenant services in Colombo, Sri Lanka, and emphasises operational efficiency, transparency and service quality in managing its buildings and tenant relationships.

Interest Rates

AI analysis

bullish

Seylan Developments remains profitable and lightly geared, with latest quarterly net profit up 13.4%. The tension is a share price down 18.1% over one year.

Read the full report (Aug 8, 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
Feb 26: 1 articles, net -1.00Mar 24Jul 24Nov 24Mar 25Jul 25Nov 25
Recent news
View all news →
CSE filing·Feb 24, 2026Negative
First & Final Dividend

Dividend · Rs 1.20 · XD Apr 2, 2026

First And Final dividend of LKR 1.2/share; XD 2026-04-02; record 2026-04-05; payable 2026-04-24; FY 2025

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.