EquityLK

Distilleries Company of Sri Lanka Plc

DIST.N0000Fairly valued

Consumer & Retail · Beverages: Alcoholic

Distilleries Company of Sri Lanka PLC is an alcoholic beverages group that produces, imports and markets spirits and related products in Sri Lanka.

DIST shares are down 4.0% over the past year and last closed at Rs 52.80 on Sep 30, 2026.

Rs 52.80
+0.19%
Price history
-4.00%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+2.7-1.0-8.8+8.1-4.2+1.8-3.0-5.9+0.4+0.0+0.0+0.0
2025-2.1-6.0+0.8+7.7+10.5+4.6+1.8+2.0+19.0+11.3-0.3-4.7
2024-4.3-1.1+1.5+6.3-4.2-5.1-0.8+0.0+6.6+15.6-1.3+24.2
2023+7.4+22.1+10.7-6.6-3.3+20.9+7.5+13.0+7.7-8.2+3.9+4.9
2022+2.4-5.7-18.9-2.3+7.7-2.9-4.4+19.2-0.6-9.7+0.0-2.9
2021+12.7-8.3-5.2-1.5+1.0-2.5+0.5-7.7+0.0+0.0-6.1+0.6
2020-5.4-3.4-23.1+0.0+0.0-3.8-3.3+9.7+18.2-6.9+21.7-4.2
2019-1.8-3.1+0.0-6.5-1.4+10.5+7.0-1.8-3.6+9.4+7.4-1.6
2018+0.0+0.0+0.0+0.0-2.3-2.3-2.9-4.4-13.8+7.1-6.1-3.6
2016-8.5-4.4-4.6+9.7-4.4-3.6+15.9+11.2-10.1+0.0+0.0+0.0
2015+8.6+5.3+0.2+4.2+11.8-3.6+7.4-2.0-3.3+0.1-1.5-9.2
2014+8.8-3.3+0.0+1.0+0.5+0.5-1.9+3.4+0.9+0.6-5.1+3.9
2013+10.2-1.6-7.5+2.1+19.6-5.1-0.5-3.4-0.3+0.0+2.2+2.1
2012-7.5-2.9+9.8-2.8-7.3+0.9-9.0+3.2+29.1-11.3+5.6+10.7
2011-4.6-0.5+6.5+0.6-1.7+0.6-4.4+1.6-0.5-5.1-4.4-6.3
2010+11.6-0.9+1.3+5.5-1.2+4.9+7.0+5.8+22.6-3.4-5.8+9.2
2009+38.6-9.3+2.4+16.9+19.7-3.6+0.3-4.5+2.4+11.6-6.3+16.9
2008-7.3+4.7-1.5+9.2-0.9-7.3-11.5-8.0-13.7-24.3+5.3-8.2
2007+21.1+11.9-14.1+3.3-15.0+2.2-6.4+4.5+15.5+0.5-6.3+2.5
2006+31.4+0.0-2.2+3.3-6.5+2.9+7.3-4.2+13.0+16.3+53.7-3.2
2005+6.1-1.7+7.6+8.6+6.5-7.4+7.3+14.3+30.4-2.3-18.7-19.5
2004+5.2-8.8-5.4-18.2+16.7+22.6+16.5-10.8+15.9-0.8-6.5-0.9
2003-5.3-5.6+8.8+21.6+28.9+75.9+3.9-3.8+9.8+20.5-22.2-7.6
2002-18.8+15.4+3.3+0.0+19.4-8.1+0.0+2.9+11.4-2.6-5.3+5.6
2001+6.3-5.9-6.3+0.0-6.7+21.4+0.0+0.0+0.0+23.5+19.0+28.0
2000+0.0-5.0-10.5+5.9+0.0+11.1-10.0-5.6+5.9-11.1-6.3+6.7
1999+0.0-5.6-5.9+0.0+0.0+6.3+23.5-9.5-5.3-11.1+6.3+17.6
1998-10.7-4.0+8.3+26.9-15.2-21.4-4.5-14.3+5.6-5.3+5.6-5.3
1997+7.4+3.4+13.3+11.8-2.6+2.7-7.9+0.0-8.6-9.4-10.3+7.7
1996-8.0+0.0+13.0-7.7+0.0-4.2+0.0+0.0+8.7+4.0+3.8+0.0
1995-2.7-22.2-3.6-7.4+4.0+19.2-6.5+3.4-13.3+3.8-3.7-3.8
1994+12.2+10.9-15.7-9.3+5.1+4.9+0.0+4.7-6.7-4.8-5.0-2.6
1993+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0
Average+3.4-1.2-1.5+3.0+2.4+4.1+0.9+0.4+4.5+0.3+0.4+1.9
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+2.4-2.9+0.0+2.7+0.0+0.7+0.0+0.0+1.6-0.4-2.6-0.4
% up52%23%45%60%42%56%41%44%56%43%37%47%
P/E
14.2
P/B
10.66
EPS
Rs 3.71
Div Yield
5.68%
Market Cap
Rs 242.9B
Beta
0.87
ROE
90.7%
Op Margin
49.0% (-11.4pp)

Fundamentals

LineFY2026FY2025FY2024FY2016FY2015FY2014FY2013FY2012
Revenue
Rs 164.4B
+16.4%
Rs 141.3B
+22.5%
Rs 115.4B
Rs 33.8B
+17.0%
Rs 28.9B
-0.2%
Rs 29.0B
+0.8%
Rs 28.8B
+5.1%
Rs 27.4B
Operating profit
Rs 29.9B
+16.7%
Rs 25.6B
+12.2%
Rs 22.9B
Rs 8.4B
-0.4%
Rs 8.5B
-0.5%
Rs 8.5B
+1.0%
Rs 8.4B
-0.1%
Rs 8.5B
Net profit
Rs 17.1B
+16.3%
Rs 14.7B
+2.3%
Rs 14.3B
Rs 5.7B
-12.4%
Rs 6.5B
+3.9%
Rs 6.2B
+18.5%
Rs 5.3B
-19.2%
Rs 6.5B
EPS
3.71
+16.3%
3.19
+2.2%
3.12
19.88
-9.0%
21.84
+7.0%
20.41
+19.2%
17.13
-14.1%
19.94

Compared with the same period a year earlier.

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

Recent dividends

  • 2026 · third interimRs 1.00
  • 2026 · second interimRs 1.00
  • 2026 · first interimRs 1.00
  • 2025 · third interimRs 1.00
  • 2025 · second interimRs 1.00
  • 2025 · first interimRs 1.00
  • 2024 · third interimRs 0.70
  • 2024 · second interimRs 0.70
Peer comparison3 peers in Consumer & Retail
Sector overview Open in screener
1Ceylon Tobacco Company Plc
CTC.N0000
Rs 1,788.00
P/E
11.4
P/B
30.98
ROE
272.71%
Yield
8.81%
2Distilleries Company of Sri Lanka Plc
DIST.N0000 · this company
Rs 52.80
P/E
14.2
P/B
10.66
ROE
90.67%
Yield
5.68%
3Lion Brewery (Ceylon) Plc
LION.N0000
Rs 1,858.75
P/E
13.3
P/B
3.40
ROE
26.25%
Yield
2.15%
4Ceylon Beverage Holdings PLC
BREW.N0000
Rs 2,512.75
P/E
8.6
P/B
2.17
ROE
25.15%
Yield
2.69%
Peer median · 3 companies
P/E 11.4P/B 3.40Yield 2.69%

About Distilleries Company of Sri Lanka Plc

Distilleries Company of Sri Lanka PLC is an alcoholic beverages group that produces, imports and markets spirits and related products in Sri Lanka. Its distilled spirits are crafted from 100% pure coconut spirit and the company is described in its reports as Sri Lanka’s market leader in the core distilled spirits segment. The group holds a Fitch AAA (lka) rating. In 2024 the group expanded into brewing through the acquisition of Heineken Lanka, rebranded as DCSL Breweries Lanka Ltd, and launched a portfolio of locally brewed beers including DCSL Lager, DCSL Strong and DCSL Stout. The broader group also undertakes agricultural activities and a range of service businesses to support its diversified portfolio and distribution footprint in Sri Lanka.

AI analysis

neutral

Distilleries has strong annual earnings and cash-light financing, but the latest quarter shows revenue growth failing to convert into profit growth. Its premium valuation leaves little room for weaker margins.

Read the full report (Aug 21, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
In line with its usual news flow
its own lowits own high

Higher than 50% of its last 8 months · 2 of 6 in its sector

3 articles in 30 days: 2 positive, 1 negative, 0 neutral.

24 months positive negative 3-month net
Oct 24: 5 articles, net -0.21Nov 24: 1 articles, net -1.00Dec 24: 3 articles, net +0.09Jan 25: 2 articles, net +0.50Feb 25: 13 articles, net +0.05May 25: 2 articles, net +1.00Jun 25: 2 articles, net -1.00Aug 25: 4 articles, net +0.50Sep 25: 1 articles, net +1.00Nov 25: 1 articles, net +1.00Dec 25: 2 articles, net -1.00Feb 26: 3 articles, net +0.42Jun 26: 1 articles, net +1.00Jul 26: 3 articles, net +0.67Sep 26: 3 articles, net +0.33Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 28, 2026·Market commentaryPositive
Sri Lanka stocks close down on global headwinds, turnover Rs595mn

Colombo Stock Exchange closed lower with the ASPI down 0.39% to 20,955.56 and turnover at Rs595.97mn. Top contributors included Distilleries, Ceylon Tobacco, Laugfs Gas and Hayleys, while SMB Finance, Carson Cumberbatch, Sri Lanka Telecom and Dialog were among the laggards; ACL Cables announced a 60 cent interim dividend.

Daily FT·Sep 26, 2026·Market commentaryNegative
CSE edges down 0.1% during week, ends in red

Colombo stock market ended the week marginally lower (ASPI down 0.09% to 21,037.35) with subdued investor sentiment ahead of next Wednesday's Central Bank Monetary Policy announcement; market turnover was below Rs.815m and foreign investors were net sellers of Rs.193.3m.

Interest Rates
EconomyNext·Sep 25, 2026·Market commentaryPositive
Sri Lanka stocks open up, ASPI gains 0.18-pct

Colombo Stock Exchange opened higher: ASPI up 0.18% (37.48 pts) at 21,104.37 and S&P SL20 up 0.46% at 5,970.10, with turnover Rs 43.59m. Singer Finance set rights-issue and EGM/XR dates; Pan Asia Banking plans to raise up to Rs 5bn via listed debentures opening Oct 1, 2026.

Daily FT·Sep 25, 2026·Market commentaryNegative
CSE ends two-session rally on rising oil prices

Colombo bourse ended a two-session recovery as rising global oil prices hit sentiment: ASPI fell 0.09% to 21,066.89 and S&P SL20 fell 0.08% to 5,942.78. Turnover was over Rs 1.3bn, foreigners were net sellers of Rs 162.4m; top decliners were DIAL, CINS, RICH, CIC and DIST.

Fuel & Energy Prices
EconomyNext·Sep 24, 2026·Market commentaryNegative
Sri Lanka stocks close down on cautious trading; turnover at Rs1.3bn

Colombo Stock Exchange closed marginally down with the ASPI slipping 0.09% to 21,066.89 on turnover of Rs1.31bn. Institutional crossings supported positions in PickMe, Access Engineering, Dipped Products and Sampath Bank, while Harischandra Mills appointed a new chair effective Sep 23, 2026.

EconomyNext·Sep 24, 2026·Market commentaryNegative
Sri Lanka shares close down on cautious trading; turnover at Rs1.3bn

Colombo Stock Exchange closed marginally down, the ASPI fell 0.09% to 21,066.89 with market turnover at Rs1.31 billion. Institutional crossings were seen in PickMe, Access Engineering, Dipped Products and Sampath Bank; notable contributors included Carson Cumberbatch, Commercial Bank, Hayleys and Lion Brewery, and Harischandra Mills appointed a new chairperson.

EconomyNext·Sep 23, 2026·Market commentaryNegative
Sri Lanka stocks rise at midday as materials lead turnover

Colombo Stock Exchange indices rose at midday, ASPI +0.52% to 21,163.12, with materials leading turnover (rupees 88.93m) and total turnover rupees 344.22m. Top gainers included Dialog, Commercial Bank, Hemas, HNB, Ceylon Cold Stores and Ambeon; Malwatte Valley, Palm Garden Hotels and Distilleries were top losers; Aitken Spence will allot its oversubscribed 2026 debentures.

EconomyNext·Sep 22, 2026·Market commentaryNegative
Sri Lanka stocks trade up: HNB and SLT lead early gains

Colombo Stock Exchange indices traded higher on Tuesday morning: ASPI +0.09% to 20,997.61 and S&P SL20 +0.27% to 5,925.55. Top contributors were HNB (+1.65), CCS (+1.27) and SLTL (+2.16); laggards included COMB (-0.25), HAYL (-0.67) and DIST (-0.38). Market turnover was Rs.114.4m, led by Consumer Durables & Apparel (Rs.37.5m).

Daily FT·Sep 3, 2026·Award or certificationPositive
DCSL recognised as 'Sri Lanka's Most Valuable Spirits Brand'

Distilleries Company of Sri Lanka PLC (DIST.N0000) was recognised by Brand Finance as 'Sri Lanka's Most Valuable Spirits Brand', reflecting the strength and enduring value of its spirits portfolio. The award accompanies DCSL's ongoing investments in manufacturing, innovation and expanded exports to markets including Australia, South Korea, the Maldives and China.

Consumer Staples (FMCG)

Consumer & Retail sector: what is happening

Last 14 days to Sep 30, 2026

Consumer retail faced pressure from accelerating food, transport and housing inflation, with petrol a major contributor to the rise in national prices and purchasing power weakened by higher energy costs and tax hikes. Wholesale and retail activity nevertheless helped drive faster services-sector expansion in August. Specialist retail also consolidated as Blink International acquired Wrist Lab, combining retail, distribution and after-sales networks.

The stories behind it

Auto-generated from 8 sector news articles over 14 days. Not investment advice.