Ceylon Grain Elevators Ltd

GRAN.N0000Moderately undervalued

Consumer & Retail · Food: Meat/Fish/Dairy

Ceylon Grain Elevators PLC is an integrated poultry and feed company listed on the Colombo Stock Exchange.

GRAN shares are up 26.7% over the past year and last closed at Rs 470.00 on Sep 30, 2026.

Rs 470.00
-0.05%
Price history
+26.68%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+21.2-3.7-17.6+16.9+2.2+5.4-3.1+1.3-1.3+0.0+0.0+0.0
2025+1.8-0.8-2.1+3.7+19.7+28.5+11.3-3.0+14.2+15.7-6.1-0.5
2024+1.9-2.5+7.5+11.1-6.3-1.0-2.4-7.1+8.8+2.7-0.7+7.2
2023-5.8+10.0+0.5+7.4-1.2+2.6+17.5+58.9-1.8-0.6+0.6-4.2
2022+14.3-10.4-51.6+4.6+12.2-5.6+0.7+28.9+11.6-7.3-2.1-8.7
2021+30.8-13.3-6.7+8.6+3.1+4.5+3.8-13.9-4.0+3.4-3.3+2.5
2020-6.5-15.4-27.1+0.0+0.0+26.7+0.2+1.0+40.3-6.7+36.4+5.3
2019-4.0-5.6-3.5+0.0-7.7+4.2+13.2+10.6-1.8+5.7+12.2-4.7
2018+0.0+13.0-3.5+0.1-5.8-9.4+3.7-2.8-7.1+3.8-0.8+0.3
2017-5.5-8.3-3.8+17.7-13.7+0.3-0.1+0.0-0.4-1.0-2.6-1.8
2016-6.7-12.3-8.5+19.9-9.9-1.9+10.2+16.0+4.0-4.1-8.2-2.8
2015-2.4+0.0-5.0+4.5+32.5-5.3+32.3+25.2+9.1+18.2-13.5-0.5
2014+8.5-10.9+2.9+4.5-2.4+8.3+13.6-4.7+6.2-0.9-10.4+3.0
2013-12.3-13.4+10.0-5.2+1.9-5.2-11.9-11.2-1.7+8.6-5.3-1.4
2012+0.0+0.0+0.0-6.2-36.8+38.1-1.6+19.0+22.2-19.0-8.7+13.1
Average+2.5-5.3-7.7+6.3-0.9+6.0+5.8+7.9+6.5+1.3-0.9+0.5
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-1.2-7.0-3.7+4.6-1.8+2.6+3.7+1.0+4.0+1.1-2.9-0.5
% up43%14%29%79%43%60%67%53%53%50%21%43%
P/E
7.4
P/B
1.79
EPS
Rs 63.49
Div Yield
3.19%
Market Cap
Rs 28.2B
Beta
1.40
ROE
24.2%
Op Margin
16.6% (+4.7pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
Rs 29.8B
+24.1%
Rs 24.0B
+22.5%
Rs 19.6B
+9.5%
Rs 17.9B
-25.6%
Rs 24.1B
+30.3%
Rs 18.5B
+4.2%
Rs 17.7B
+3.7%
Rs 17.1B
+12.7%
Operating profit
Rs 5.6B
+64.4%
Rs 3.4B
-18.0%
Rs 4.1B
-21.4%
Rs 5.3B
+259.9%
Rs 1.5B
-3.6%
Rs 1.5B
+23.7%
Rs 1.2B
-7.5%
Rs 1.3B
+20.3%
Net profit
Rs 4.1B
+31.0%
Rs 3.1B
-22.3%
Rs 4.0B
+298.0%
Rs 1.0B
-40.4%
Rs 1.7B
+34.4%
Rs 1.3B
+3.3%
Rs 1.2B
+1.6%
Rs 1.2B
+13.2%
EPS
57.68
+43.2%
40.28
-18.8%
49.61
+305.0%
12.25
-43.4%
21.63
+37.5%
15.73
+4.9%
14.99
+1.0%
14.84
+12.7%

Compared with the same period a year earlier.

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

Recent dividends

  • 2025 · finalRs 15.00
  • 2024 · finalRs 8.00
  • 2024Rs 15.00
  • 2023 · finalRs 12.00
  • 2023 · first interimRs 6.00
  • 2021 · first and finalRs 6.00
  • 2020 · finalRs 4.50
  • 2020 · second interimRs 9.00
Peer comparison2 peers in Consumer & Retail
GRAN.N0000 · this company
Rs 470.00
P/E
7.4
P/B
1.79
ROE
24.24%
Yield
3.19%
TAFL.N0000 · same group, not in the median
Rs 625.50
P/E
9.6
P/B
1.54
ROE
16.07%
Yield
6.39%
Rs 86.90
P/E
7.4
P/B
1.08
ROE
14.93%
Yield
2.09%
Sector median · 35 companies
P/E 13.3P/B 1.66Yield 1.72%

About Ceylon Grain Elevators Ltd

Ceylon Grain Elevators PLC is an integrated poultry and feed company listed on the Colombo Stock Exchange. The Group manufactures and sells compounded animal feeds (including poultry, cattle, horse and aqua feeds) under the PRIMA brand, operates breeder farms and hatcheries producing Day-Old Chicks marketed under the 'Farmers' Choice' brand, and processes and distributes chicken marketed as Prima Chicken. Its operations also include aquaculture activities (shrimp farm and hatchery) and the import and sale of poultry equipment, vaccines and transshipment services. The Group comprises several subsidiaries named in its reporting, including Ceylon Livestock and Agro-Business Services (Private) Limited, Ceylon Aquatech (Private) Limited, Three Acre Farms PLC, Prima Management Services (Private) Limited and Ceylon Warehouse Complex (Private) Limited. The Group operates primarily in Sri Lanka and supplies both domestic and international markets through external sales, tenders and fixed-term contracts.

AI analysis

bullish

Profits are growing on widening margins, yet GRAN trades at 7.6x earnings. The near-term test is sustaining mid-teens margins as demand and input costs wobble.

Read the full report (Aug 6, 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
Oct 24: 1 articles, net +1.00Nov 24: 1 articles, net +1.00Dec 24: 2 articles, net +0.17Jan 25: 3 articles, net +0.33May 25: 2 articles, net +0.00Aug 25: 1 articles, net -1.00Nov 25: 1 articles, net +1.00Jan 26: 3 articles, net +0.33May 26: 4 articles, net +0.80Jun 24Oct 24Feb 25Jun 25Oct 25Feb 26
EconomyNext·Aug 7, 2026·Market commentaryNegative
Sri Lanka stocks end the week high

Colombo Stock Exchange closed higher on Friday: the ASPI rose 0.47% (100.42 pts) to 21,370.09 and the S&P SL20 gained 0.28% to 5,988.16. Market turnover was Rs 1.89bn; top positive contributors included Central Finance, John Keells, RIL Property and Colombo Dockyard, while Hemas, Ceylon Grain and Cargills Bank lagged.

Daily FT·Aug 6, 2026·Market commentaryPositive
CSE recovers on positive sentiments

Colombo Stock Exchange rose as the ASPI gained 0.4% to 21,166.94 on turnover of about Rs.8.5 billion; food & staples retailing accounted for 48% of turnover while foreign investors were net sellers of Rs.4.9 billion.

Consumer Staples (FMCG)
EconomyNext·Aug 5, 2026·Market commentaryPositive
Sri Lanka stocks close up on institutional and high-net-worth interest

Colombo stocks rose with the ASPI up 0.40% to 21,166.94 and the S&P SL20 up 0.56% to 5,970.38; turnover improved to Rs 8.47bn led by a Rs 4bn crossing in Cargills. Top contributors included Cargills, Colombo Dockyard and Ceylon Grain Elevators, while Kelani Cables declared a Rs 1.6 dividend.

EconomyNext·Jul 28, 2026·Market commentaryNegative
Stocks close up on Tuesday, retail leads turnover

Colombo Stock Exchange closed higher, the ASPI rose 0.20% (41.92 pts) to 21,229.14 and turnover was Rs 2.02bn with retail leading at Rs 1.04bn. SANASA Life said escrow proceeds were released and invested in government securities, and Odel restarted construction on Zone 1 of its mall with completion expected in 1.5-2 years.

Construction Activity
Daily FT·Jul 25, 2026·Market commentaryNegative
CSE down 1.08% during week

The ASPI fell 1.09% (232.67 pts) over the week and the S&P SL20 declined 0.95% (57.12 pts). Declines were led by JKH, HNB, CINS, GRAN and BREW while a large negotiated crossing in UML supported market activity; weekly turnover was Rs.2.45bn and foreigners were net buyers of Rs.1.07bn.

EconomyNext·Jul 24, 2026·Market commentaryNegative
Sri Lanka stocks end the week down, retail drives turnover

Colombo Stock Exchange ASPI fell 0.13% to 21,172.74 with market turnover of Rs 2.45 billion, led by retailing at Rs 1.036 billion. Melstacorp and Carson Cumberbatch were among positive contributors while HNB, Ceylinco Insurance and Ceylon Grain Elevators were top negatives.

EconomyNext·Jul 21, 2026·Market commentaryNegative
Stocks up at Tuesday midday, food and beverage leads turnover

Colombo Stock Exchange ASPI was up 0.06% at midday (13.19 pts to 21,221.29) with market turnover LKR 358.7m and Food, Beverage & Tobacco leading turnover at LKR 201.3m. Positive contributors included John Keells, Dialog, Aitken Spence and Browns; HNB, DFCC and Ceylon Grain were top negatives; Tess Agro listed 125,000,000 shares effective July 21, 2026.

Consumer Staples (FMCG)
EconomyNext·Jun 30, 2026·Market commentaryPositive
Sri Lanka stocks down in intra-day trading, utilities lead turnover

Colombo Stock Exchange ASPI fell 0.45% midday to 22,309.09 with turnover of 951.8 million rupees, utilities contributing 448.6 million. Convenience Foods Lanka authorized an 8.00 rupee first-and-final dividend and Tokyo Cement proposed a 2.50 rupee first-and-final dividend.

Daily FT·Jun 25, 2026·Market commentaryNegative
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.

EconomyNext·Jun 25, 2026·Market commentaryPositive
Sri Lanka stocks trend up, materials lead turnover

Colombo Stock Exchange indices rose, with the ASPI up 0.37% (82.93 pts) to 22,291.51 and the S&P SL20 up 0.56% to 6,216.28. Top contributors included John Keells, Windforce, Ceylon Grain Elevators and Sampath Bank; market turnover was LKR110.3m, led by materials (LKR60.4m), while Brent crude fell below $73/bbl.

Fuel & Energy Prices

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.

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