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.
Hela Apparel Holdings PLC
HELA.N0000InactiveManufacturing · Apparel/Footwear
Hela Apparel Holdings PLC is a socially responsible, Sri Lanka‑headquartered apparel group and global apparel supply chain solution provider that delivers sustainable, ethical and innovative apparel solutions across design, sourcing, manufacturing, brand management, warehousing and distribution.
HELA shares last traded at Rs 0.80 on Jun 17, 2026, up 14.29%.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.0 | +0.0 | -12.5 | +0.0 | -28.6 | -60.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +5.1 | -21.0 | -24.5 | +2.7 | -7.9 | -8.6 | +9.4 | +2.9 | -5.6 | +0.0 | -2.9 | -3.0 |
| 2024 | +2.0 | -2.0 | +24.5 | -4.9 | +12.1 | -12.3 | -3.5 | -8.4 | +24.0 | +12.9 | -7.1 | -9.2 |
| 2023 | -1.1 | +1.2 | -6.9 | -7.4 | -21.3 | +15.3 | +19.1 | -21.0 | +0.0 | -6.3 | -3.3 | -15.5 |
| 2022 | +0.0 | +0.0 | -22.1 | +4.2 | -4.0 | -10.8 | +3.7 | +13.5 | -4.8 | -15.0 | -8.8 | -6.5 |
| Average | +1.5 | -5.5 | -8.3 | -1.1 | -9.9 | -15.3 | +7.2 | -3.3 | +3.4 | -2.1 | -5.6 | -8.6 |
| 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 | +1.0 | -1.0 | -12.5 | +0.0 | -7.9 | -10.8 | +6.6 | -2.8 | -2.4 | -3.1 | -5.2 | -7.8 |
| % up | 50% | 25% | 20% | 40% | 20% | 20% | 75% | 50% | 25% | 25% | 0% | 0% |
Fundamentals
| Line | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | Rs 83.4B +18.6% | Rs 70.3B -26.3% | Rs 95.3B +69.6% | Rs 56.2B |
| Operating profit | Rs -10.1B | Rs 1.7B +172.5% | Rs 630.4M -74.7% | Rs 2.5B |
| Net profit | Rs -15.8B loss widened | Rs -348.9M loss narrowed | Rs -3.3B fell into loss | Rs 816.3M |
| EPS | -9.46 | -0.28 | -2.67 | 0.76 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
No dividend records.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | TJL.N0000 | 30.00 | Rs 21.6B | - | 0.64 | -0.88 | -1.86% | 7.83% |
| 2 | MGT.N0000 | 25.60 | Rs 10.6B | 25.3 | 0.79 | 1.01 | - | 1.88% |
| 3 | Hela Apparel Holdings PLCInactive HELA.N0000 · this company | 0.80 | Rs 1.3B | - | - | -10.34 | - | 0.00% |
| Sector median · 29 companies | - | - | 11.9 | 1.70 | - | - | 2.07% |
About Hela Apparel Holdings PLC
Hela Apparel Holdings PLC is a socially responsible, Sri Lanka‑headquartered apparel group and global apparel supply chain solution provider that delivers sustainable, ethical and innovative apparel solutions across design, sourcing, manufacturing, brand management, warehousing and distribution. The Group operates an integrated model combining private label manufacturing with brand licensing to serve international retailers and brand partners. Hela is organised into two principal divisions: a Private Label Manufacturing Division (PLMD) that provides end‑to‑end private label manufacturing and supply‑chain services and a Brand Licensing Division (BLD) headquartered in the United Kingdom that manages owned and licensed brands. The Group operates production facilities across Sri Lanka, Kenya and Egypt and maintains a commercial presence in key markets including the UK, the European Union and the US. The Group acquired Focus Brands and relaunched it as Hela Brands, with examples of Hela Brands labels (Peter Werth and Fenchurch) sold through Tesco stores in the UK. Sustainability, community programmes and ethical compliance are embedded across the business, with initiatives on renewable energy, waste reduction and social empowerment (including Diriliya and Diridaruwo) and a global workforce of over 12,400 employees.
AI analysis
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Generate an analysis →News sentiment
Describes news flow, not a forecast2 articles in 30 days: 0 positive, 2 negative, 0 neutral.
BOI confirms 3,674 employees formerly of Hela Clothing and Foundation Garments were absorbed into Emerald Clothing (Pvt) Ltd with continuity of service (2,504 on 1 May; 1,170 on 1 June 2026). Hela Apparel Holdings PLC and related firms have filed for winding-up in the Commercial High Court.
The BOI confirmed 3,674 employees of Hela Clothing Ltd. and Foundation Garments Ltd. were transferred and absorbed into Emerald Clothing Ltd. in two phases (1 May and 1 June 2026), preserving employment continuity, after Hela Apparel Holdings PLC filed for court-ordered winding up.
Hela Apparel Holdings PLC has resolved to seek a Court-ordered winding up after its board concluded the company and two subsidiaries are unable to pay their debts due to continuing liquidity constraints. Winding-up applications were filed in the Commercial High Court on 5 August after restructuring and strategic options were exhausted.
Colombo Stock Exchange closed higher (ASPI +0.49%) as turnover hit a 2026 high of Rs.12.24 billion following a record Rs.9 billion sale of Commercial Credit shares; Central Finance, Commercial Bank and Cargills were top gainers. Hela Apparel has initiated court proceedings to wind up the company and key subsidiaries.
Colombo Stock Exchange midday indices rose, with the ASPI up 0.62% to 21,297.56 and market turnover 9.64 billion rupees, boosted by a Rs.9 billion trade in Commercial Credit & Finance. Hela Apparel filed for court-ordered winding up and Associated Motor Finance was delisted after amalgamation with L B Finance.
Hela Apparel Holdings (HELA.N0000) has filed for court-ordered liquidation after reporting a nine-month loss of Rs.7.57 billion to Dec 31, 2025 and negative total equity of Rs.18.8 billion. The group says it cannot meet debt obligations after failed restructuring, SEC trading actions and asset divestments.
Manufacturing sector: what is happening
Last 14 days to Sep 30, 2026Manufacturing 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.