EquityLK

Haycarb PLC

HAYC.N0000Moderately overvalued

Manufacturing · Chemicals: Specialty

Haycarb PLC is a manufacturer and exporter of coconut shell derived activated carbon and related products, and a provider of water and wastewater purification systems through its environmental engineering arm Puritas (Private) Limited.

HAYC shares are up 110.3% over the past year and last closed at Rs 210.25 on Sep 30, 2026.

Rs 210.25
+0.60%
Price history
+110.25%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+17.9+0.0-12.0+22.0+6.5+12.8+11.6+8.2+7.7+0.0+0.0+0.0
2025+6.5-7.7-2.2+0.2+5.5+3.8+5.8+1.3+4.7+9.2-1.6-2.1
2024+9.0+2.9+6.3-1.7+5.1+1.9-1.2-4.5+5.4-3.7+3.2+7.0
2023+0.0+7.0-7.7+0.4-6.2+13.2+20.8-6.8+0.6-1.9-5.5+1.9
2022-9.2-14.6-18.5+6.0-2.6+9.1+14.8+18.4+0.7-13.5-6.3-5.0
2021+111.2-14.8-7.8+10.8-8.7-0.1+1.5-9.7-5.4-3.3-6.8+2.0
2020-1.1+1.5-14.8+0.0+0.0+15.4+18.1+16.5+10.8+13.0+49.8+4.9
2019+10.7-6.9+0.1+3.7+0.9-4.4+17.7-2.1+0.1+26.7+0.0-1.6
2018-5.1-2.3-11.0+5.8+3.1-3.1-3.1+1.6-3.8+0.0+0.0-4.5
2017-0.3+0.3+3.3+0.1+3.3+3.1+0.6-6.6+1.0-3.5+5.5-8.7
2016-7.7+0.0+0.0+4.4-1.2+0.0-2.4-0.6+1.5-5.1+0.6-3.2
2015+1.2+7.1-2.4+3.3+0.8-5.5+8.3-7.7-3.9+0.8-2.5-3.0
2014-0.3-10.1+6.4-0.9+6.0-2.1+2.6+2.0-2.5-2.1-3.0-4.2
2013+8.1-8.0+3.5+3.4+8.2+0.0+0.8-8.3+2.7+2.1-2.7+2.1
2012+0.0+0.0+0.0+0.0-6.3+3.3-4.5+13.5+4.8-5.4+1.6+1.2
Average+10.1-3.5-4.4+4.1+1.0+3.2+6.1+1.0+1.6+1.0+2.5-0.9
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+0.6-2.3-2.4+3.3+2.0+1.9+2.6-0.6+1.0-2.1-1.6-1.8
% up50%38%38%79%64%53%73%47%73%38%38%43%
P/E
14.9
P/B
2.02
EPS
Rs 14.13
Div Yield
2.05%
Market Cap
Rs 62.5B
Beta
0.64
ROE
13.6%
Op Margin
11.5% (+4.5pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 67.1B
+55.3%
Rs 43.2B
+0.1%
Rs 43.2B
-29.2%
Rs 60.9B
+83.8%
Rs 33.2B
+30.1%
Rs 25.5B
+11.7%
Rs 22.8B
+9.1%
Rs 20.9B
+34.8%
Operating profit
Rs 6.9B
+20.5%
Rs 5.8B
-11.8%
Rs 6.5B
-21.2%
Rs 8.3B
+168.7%
Rs 3.1B
-30.6%
Rs 4.4B
+77.3%
Rs 2.5B
+64.1%
Rs 1.5B
+39.8%
Net profit
Rs 4.3B
+1.6%
Rs 4.3B
-0.8%
Rs 4.3B
-33.8%
Rs 6.5B
+74.8%
Rs 3.7B
+4.3%
Rs 3.6B
+102.0%
Rs 1.8B
+63.3%
Rs 1.1B
+39.8%
EPS
12.18
+0.7%
12.10
-4.0%
12.60
-35.7%
19.60
+77.2%
11.06
+7.9%
10.25
-80.5%
52.46
+63.1%
32.16
+42.1%

Compared with the same period a year earlier.

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

Recent dividends

  • 2027 · second interimRs 1.00
  • 2027 · first interimRs 0.75
  • 2026 · fourth interimRs 1.70
  • 2026 · third interimRs 1.05
  • 2026 · second interimRs 0.82
  • 2026 · first interimRs 0.50
  • 2025 · fourth interimRs 1.60
  • 2025 · third interimRs 0.50
Peer comparison5 peers in Manufacturing
Sector overview Open in screener
1Haycarb PLC
HAYC.N0000 · this company
Rs 210.25
P/E
14.9
P/B
2.02
ROE
13.60%
Yield
2.05%
2Chevron Lubricants Lanka Plc
LLUB.N0000
Rs 206.00
P/E
10.4
P/B
5.01
ROE
47.93%
Yield
5.83%
3JAT Holdings Plc
JAT.N0000
Rs 32.50
P/E
11.2
P/B
1.38
ROE
12.33%
Yield
3.57%
4ACL Plastics PLC
APLA.N0000
Rs 159.00
P/E
8.4
P/B
1.42
ROE
19.77%
Yield
2.36%
5Union Chemicals Lanka PLC
UCAR.N0000
Rs 2,299.75
P/E
12.2
P/B
2.29
ROE
18.77%
Yield
3.57%
6Chemanex Plc
CHMX.N0000
Rs 153.00
P/E
12.0
P/B
0.54
ROE
4.46%
Yield
1.63%
Peer median · 5 companies
P/E 11.2P/B 1.42Yield 3.57%

About Haycarb PLC

Haycarb PLC is a manufacturer and exporter of coconut shell derived activated carbon and related products, and a provider of water and wastewater purification systems through its environmental engineering arm Puritas (Private) Limited. Its product portfolio includes standard and value‑added activated carbons, specialty grades such as catalytic carbons for monochloramine removal, respirator and impregnated carbons, carbons for human consumption, and enhanced carbons for applications like supercapacitors, together with regeneration services and consumer products under the Oxypura range. The company operates manufacturing and processing activities across key coconut shell charcoal producing countries and maintains an extensive procurement network in Sri Lanka, Thailand, Indonesia, India and the Philippines, while marketing and distribution reach markets in North America, Europe, Africa, East and South East Asia and other regions. Haycarb also pursues sustainability and green charcoaling initiatives (including the Haritha Angara project and vertical kiln projects) and holds a patented low‑carbon charcoaling technology through Recogen. Named subsidiaries and business units referenced in company materials include Puritas, Carbokarn Co. Ltd. (Thailand), PT Haycarb Palu Mitra (Indonesia), Haycarb USA Inc. and Eurocarb, which support its manufacturing, regeneration and international marketing activities.

Exporters

AI analysis

bearish

Evidence points bearish: debt reached LKR 18.2 billion while the shares are moderately overvalued. The counterweight is 83.1% quarterly profit growth.

Read the full report (Sep 30, 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 63% of its last 8 months · 3 of 5 in its sector

7 articles in 30 days: 5 positive, 2 negative, 0 neutral.

24 months positive negative 3-month net
Oct 24: 2 articles, net +0.50Nov 24: 4 articles, net +0.19Dec 24: 7 articles, net +0.63Mar 25: 1 articles, net -1.00Apr 25: 10 articles, net -0.39May 25: 7 articles, net +0.20Jun 25: 1 articles, net +1.00Jul 25: 2 articles, net -1.00Aug 25: 3 articles, net +0.33Sep 25: 1 articles, net -1.00Oct 25: 2 articles, net +0.50Dec 25: 1 articles, net +1.00Mar 26: 1 articles, net +1.00May 26: 3 articles, net +1.00Jun 26: 4 articles, net +0.92Jul 26: 2 articles, net +0.50Sep 26: 7 articles, net +0.64Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 18, 2026·Market commentaryPositive
Sri Lanka stocks edge up on Friday to close mixed week; ASPI at 21,056

Colombo Stock Exchange ASPI rose 0.16% to 21,056.26 on Friday (S&P SL20 up 0.07%) while the ASPI ended the week down 326.48 points. Market turnover was Rs 1.34bn; People's Leasing plans to list Rs 10bn of 13.75% debentures and DFCC Bank allotted its Rs 12.5bn Tier-2 debenture issue.

EconomyNext·Sep 14, 2026·Award or certification
Sri Lanka-Indonesia Business Council pushes for stronger bilateral investments

The Sri Lanka-Indonesia Business Council re-elected Sheamalee Wickramasingha as president for 2026/27 and said it will promote and facilitate inbound and outbound investment; a recent Sri Lanka-Indonesia business delegation sought commercial cooperation opportunities between firms from both countries.

EconomyNext·Sep 11, 2026·Market commentaryPositive
Sri Lanka stocks reverse morning losses to close up

Colombo Stock Exchange closed higher with the ASPI up 0.12% (25.00 pts) at 21,382.74 and the S&P SL20 up 0.19% at 6,015.08, on turnover of 333 million rupees. Galle Face Capital Partners received in-principle CSE approval to list up to 4,060,218 new ordinary shares via a scrip dividend; its shares closed down 2.45% at 19.90 rupees.

Ada Derana·Sep 11, 2026·Administrative routine
Sri Lanka – Indonesia Business Council Holds 3rd Annual General Meeting

The Sri Lanka-Indonesia Business Council held its 3rd AGM and re-elected Sheamalee Wickramasingha as President. The council named an executive committee including representatives from hSenid, Amana Bank, Aitken Spence, Haycarb and Sunshine Holdings and said it will pursue closer trade and investment ties with Indonesia.

Exporters
EconomyNext·Sep 7, 2026·Market commentaryNegative
Sri Lanka stocks close flat on Monday, banks lead turnover

Colombo Stock Exchange closed flat; ASPI rose 0.01% to 21,623.66 and S&P SL20 was up 0.23%. Market turnover was LKR 2.133bn, led by banks (LKR 473.3m) and insurance (LKR 412.3m). Top movers: ACL, SLTL, HNB, DIAL up; HAYC, JKH, CCS down.

EconomyNext·Sep 7, 2026·Market commentaryNegative
Sri Lanka stocks trend up on Monday

Sri Lanka's ASPI rose 0.17% to 21,657.17 in early trading while the S&P SL20 gained 0.54% to 6,091.65 on turnover of Rs 446 million. Several firms were placed or moved to the watchlist for non-submission of FY2026 annual reports (SHL, HELA, MEL, LGL, EXT, BFN, TESS, EMER); top gainers included DIAL, HNB, COMB, AEL, ACL and top losers HAYC, DOCK, BIL, CCS.

Ada Derana·Sep 7, 2026·Promotional / marketingPositive
Haycarb PLC and Coconut Cultivation Board support 784 Eastern Province farmers with free seedlings

Haycarb PLC distributed 35,786 free coconut seedlings to 784 farmers in Batticaloa and Ampara across 559 acres under a partnership with the Coconut Cultivation Board, and is targeting 65,000 seedlings by end-2026. The programme aims to support farmer livelihoods and strengthen Haycarb's coconut-shell raw material base for activated carbon production.

Daily FT·Sep 3, 2026·Market commentaryPositive
CSE ends marginally up on muted sentiment

Colombo bourse edged up as the ASPI rose 0.03% to 21,325.64 on turnover of over Rs.1.2bn; banks led activity while geopolitical tensions and higher global oil prices weighed on sentiment and foreigners were net sellers of Rs.7.2m.

Fuel & Energy Prices
EconomyNext·Sep 2, 2026·Market commentaryPositive
Sri Lanka stocks close flat on Rs1.28bn turnover

Colombo Stock Exchange closed marginally up, ASPI +0.03% at 21,325.64 on Rs1.28bn turnover; banks led turnover. Top contributors included Ceylinco Insurance, Haycarb, Dipped Products and National Development Bank, while Browns Investments, Carson Cumberbatch, Melstacorp and Hemas were laggards; Hunas announced a strategic partnership with Tokyo-based CCH Inc.

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.