EquityLK

Hapugastenne Plantations Plc

HAPU.N0000Fairly valued

Plantations & Agriculture · Agricultural Commodities/Milling

Hapugastenne Plantations PLC is a Sri Lankan plantation company engaged in the cultivation, processing and sale of tea, rubber and sundry estate produce.

HAPU shares are down 26.2% over the past year and last closed at Rs 54.60 on Sep 30, 2026.

Rs 54.60
+2.63%
Price history
-26.22%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+9.8+0.5-6.2+4.4+2.1+1.4-4.0-8.6+8.7+0.0+0.0+0.0
2025+16.2-17.1+0.7+6.9-0.4-4.6+14.3+3.6+47.8-5.8-15.7-16.4
2024+3.3-6.5+12.1+0.0+1.5+0.0-7.6+0.0+6.6+46.2-1.1-1.5
2023-4.0-0.8-9.2-1.5-14.2-7.3+24.3-19.6-1.4-10.7-6.1-2.0
2022-18.8-25.3-13.7-2.1+8.5+2.0+61.5+41.7+26.1-9.3-19.1-0.7
2021-3.8-9.1-7.5+0.7+11.4+4.2+0.0-7.5-0.6+12.6+3.4+147.6
2020-3.9-16.1-12.8+0.0+0.0+4.1+2.4+24.0+37.5-22.7+3.5+4.0
2019+21.5-9.1-5.6+7.6-4.4+5.7+2.7-7.4+1.7-10.6-6.3+3.3
2018-3.8-3.2+0.0+0.0-9.6-16.0-7.3+5.3-1.0-1.5-8.7-8.4
2017+0.0+0.0+7.0+9.3+8.1+2.4+0.4+4.2+19.1+4.9-16.2+1.8
2016-20.0-20.5+0.0+25.1-10.0-8.6-1.1-3.4-4.1+0.0+0.0-1.3
2015-1.1-5.4-11.4+5.2-0.3-1.5-3.1-15.2-3.4-5.9+2.1+12.7
2014+6.5+1.3-2.8+10.7-5.6-1.6+3.2+8.0-5.7+8.4-10.6+16.1
2013+6.4-17.7+15.3-5.6+0.0-7.8-18.2+3.9-6.9+25.9-14.7+1.0
2012+0.0+0.0+0.0-3.2+0.8+0.0+1.5+2.7+4.1-9.1-4.9+4.6
Average+0.6-9.9-2.4+4.1-0.9-1.8+4.6+2.1+8.6+1.7-7.3+11.5
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-1.1-9.1-4.2+2.5-0.2+0.0+0.4+2.7+1.7-5.8-6.3+1.4
% up46%15%29%57%43%40%53%53%53%38%23%57%
P/E
14.6
P/B
0.59
EPS
Rs 3.73
Div Yield
0.00%
Market Cap
Rs 2.5B
Beta
0.80
ROE
4.1%
Op Margin
5.2% (-3.0pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 4.5B
-9.7%
Rs 5.0B
+1.3%
Rs 4.9B
-24.1%
Rs 6.5B
+74.1%
Rs 3.7B
+14.7%
Rs 3.2B
+2.1%
Rs 3.2B
-5.4%
Rs 3.4B
-14.3%
Operating profit
Rs 360.8M
-59.6%
Rs 893.1M
-1.6%
Rs 907.9M
-18.3%
Rs 1.1B
+459.7%
Rs 198.5M
-8.0%
Rs 215.6M
Rs -272.9M
Rs -205.8M
Net profit
Rs 201.1M
-40.8%
Rs 339.5M
+370.9%
Rs 72.1M
-89.2%
Rs 668.2M
+326.5%
Rs 156.7M
turned profitable
Rs -127.9M
loss narrowed
Rs -642.1M
loss widened
Rs -348.7M
fell into loss
EPS
4.32
-40.7%
7.29
+323.8%
1.72
-88.1%
14.46
+321.6%
3.43
-2.58
-13.98
-7.72

Compared with the same period a year earlier.

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

Recent dividends

No dividend records.

Peer comparison8 peers in Plantations & Agriculture
Sector overview Open in screener
1Kotagala Plantations Plc
KOTA.N0000
Rs 8.10
P/E
9.0
P/B
1.00
ROE
10.03%
Yield
0.00%
2Maskeliya Plantations Plc
MASK.N0000
Rs 60.00
P/E
5.1
P/B
1.04
ROE
20.42%
Yield
6.67%
3Kegalle Plantations PLC
KGAL.N0000
Rs 127.50
P/E
30.7
P/B
0.61
ROE
2.00%
Yield
2.35%
4Balangoda Plantations PLC
BALA.N0000
Rs 58.40
P/E
7.3
P/B
0.60
ROE
8.17%
Yield
0.86%
5Udapussellawa Plantations PLC
UDPL.N0000
Rs 140.00
P/E
4.0
P/B
0.51
ROE
12.39%
Yield
0.00%
6Hapugastenne Plantations Plc
HAPU.N0000 · this company
Rs 54.60
P/E
14.6
P/B
0.59
ROE
4.06%
Yield
0.00%
7Madulsima Plantations PLC
MADU.N0000
Rs 9.00
P/E
-
P/B
2.42
ROE
8.02%
Yield
0.00%
8Kahawatte Plantations PLC
KAHA.N0000
Rs 15.00
P/E
-
P/B
1.43
ROE
-6.78%
Yield
0.00%
Peer median · 8 companies
P/E 8.2P/B 1.02Yield 0.43%

About Hapugastenne Plantations Plc

Hapugastenne Plantations PLC is a Sri Lankan plantation company engaged in the cultivation, processing and sale of tea, rubber and sundry estate produce. The Group manages 16 estates across multiple agro-climatic regions with a total cultivation area exceeding 5,329.43 hectares and undertakes estate-level production as well as processing activities. The company’s core operations comprise tea and rubber production and related processing activities. Tea operations cover estate tea cultivation, bought leaf sourcing and made-tea processing with investments in mechanisation and quality-improvement equipment (for example, a colour sorter and field automation systems). Rubber operations cover latex and scrap rubber production and processing, including renovation of rubber factory facilities at Galbode Estate. HPL also cultivates cinnamon and other sundry estate produce across its estates, and has implemented sustainability initiatives such as rooftop solar at its factories. The company operates in Sri Lanka and is governed in line with the listing rules of the Securities and Exchange Commission and the Colombo Stock Exchange.

Rupee & ForexTea & Plantation Crops

AI analysis

bearish

Evidence points to a weaker company because the June quarter slipped into loss as operating margin fell to 5.2%. The counterweight is a 0.6 times price-to-book valuation.

Read the full report (Sep 24, 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 24: 2 articles, net -0.50May 25: 1 articles, net +1.00Jun 25: 2 articles, net +1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Aug 11, 2026·Management or board change
Tax expert joins LOLC Group plantation companies' Boards

Hapugastenne Plantations PLC (HAPU.N0000) and Udapussellawa Plantations PLC (UDPL.N0000) have appointed Kanthimany Sivanesan as an Independent Non-Executive Director. Sivanesan is a senior tax practitioner (Senior Partner & Head of Tax at Amerasekera & Co.) and already serves on boards including LOLC Holdings, Browns Investments and Agstar.

Daily FT·Nov 4, 2025·Capacity or capexNegative
Browns Plantations accelerates orthodox tea production expansion in East Africa

Browns Plantations has commissioned an expanded orthodox tea facility at Kitumbe, Kenya with 3 million kg annual capacity and aims for 25 million kg in East Africa within 18 months. The move targets higher‑value orthodox exports and expands the company's specialty tea footprint.

Tea & Plantation Crops
Daily FT·Jun 24, 2025·Earnings & resultsPositive
Browns marks 150th year with landmark Rs. 25.9 b PBT in FY25

Brown & Company PLC reported FY25 consolidated revenue of Rs. 107.82 billion and PBT of Rs. 25.88 billion, with total assets of Rs. 752.69 billion. The Group completed major East Africa Lipton plantation acquisitions, took controlling stakes in Sierra Cables and Tea Smallholder Factories, and saw strong results across its plantations and hospitality units.

Tea & Plantation CropsTourismHealthcare & PharmaExporters
Ada Derana·Jun 6, 2025·Earnings & resultsPositive
LOLC Group reports Rs. 41 billion profit and surpasses Rs. 2 trillion in total assets, driven by global growth momentum

LOLC Group posted a PAT of Rs.41 billion for FY2024/25 (up 89%) and lifted total assets to Rs.2.03 trillion. LOLC Finance PLC recorded a pre-tax profit of Rs.30.8 billion with NPLs falling to 4.97%, while the group expanded plantation holdings and boosted hospitality and manufacturing contributions.

Tea & Plantation CropsTourismExporters
Ada Derana·May 6, 2025·M&A / stake changePositive
Browns Investments acquires FLMC Plantations for LKR 4.8 billion, becomes Sri Lanka’s largest tea producer

Browns Investments PLC's subsidiary Browns Power Holdings acquired 100% of FLMC Plantations for LKR 4.8 billion on May 5, 2025, making BIL the largest tea producer in Sri Lanka with ~17.5m kg annual made tea capacity. FLMC controls ~11,500 ha across 24 estates producing ~4.3m kg made tea and ~2.3m kg rubber annually.

Tea & Plantation CropsExporters
EconomyNext·May 6, 2025·M&A / stake changePositive
Sri Lanka’s Browns acquires Pussellawa Plantations

Browns Investments Plc (via subsidiary Browns Power Holdings) acquired FLMC Plantations (Pussellawa Plantations) for Rs 4.8 billion, adding over 11,500 hectares and raising the group's annual made tea capacity to about 17.5 million kg.

Tea & Plantation CropsExporters
CSE filing·May 6, 2025Positive
Filing
Tea & Plantation CropsExporters

Plantations & Agriculture sector: what is happening

Last 14 days to Sep 30, 2026

Heavy August rain and cloud cover cut High Grown tea output to a 34-year monthly low, pulling national production below a year earlier. Tea exports weakened as August merchandise tea exports fell, while eight-month shipments and US dollar earnings declined amid higher freight and insurance costs and a lower average FOB. Sector bodies also pressed for productivity, mechanisation and value addition.

The stories behind it

Auto-generated from 17 sector news articles over 14 days. Not investment advice.