Horana Plantations PLC is an integrated plantation company engaged in the cultivation, manufacture and marketing of tea, rubber, oil palm and other ancillary crops across estates and operational units in Sri Lanka.
HOPL shares are down 14.7% over the past year and last closed at Rs 55.00 on Sep 30, 2026.
Rs 55.00
+0.55%
Price history
-14.73%
Monthly seasonality
Monthly total returns by year and calendar month
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
+2.3
-4.7
-8.4
+13.4
+3.4
-0.9
+1.3
-2.9
+2.6
+0.0
+0.0
+0.0
2025
+11.5
-8.2
-7.7
+3.6
+6.5
-3.1
+40.0
-8.3
+11.5
-10.4
-7.1
-7.2
2024
-0.2
-9.0
+5.6
+1.3
-2.0
+5.4
-7.5
-4.2
+6.8
+3.6
-1.2
+17.8
2023
+3.2
-15.1
-5.8
+1.9
-12.5
+1.1
+6.6
-7.4
-4.3
-5.6
-5.5
+4.1
2022
+37.2
-42.7
-4.4
-33.5
+41.4
+2.4
+57.6
+66.2
+43.6
-17.7
-17.8
+18.0
2021
+10.7
-7.7
+0.9
-10.0
+1.0
+0.5
+5.7
-5.8
+4.3
+30.1
+9.8
-7.3
2020
-0.5
-17.4
-19.3
+0.0
+0.0
+9.0
+23.4
+4.6
+21.1
-10.9
-4.5
+6.7
2019
+23.3
-12.4
+4.9
-4.1
+15.3
-13.8
+24.7
-1.5
+12.1
-8.1
+12.2
-4.3
2018
+14.3
-10.7
-11.6
+6.3
-6.4
+4.1
-6.1
-2.8
-25.8
+2.6
-5.0
-0.7
2017
+0.0
-2.7
-10.1
+36.6
+16.8
-6.6
+9.2
+3.8
+6.6
-1.7
-10.2
-4.3
2016
-8.4
+0.5
-10.2
+20.8
+8.4
-4.5
-1.0
-0.5
-3.4
+0.0
+0.0
+0.0
2015
-0.4
+3.3
-9.3
+1.8
+0.4
-5.7
+3.7
+2.2
+0.0
-0.4
-6.1
-5.6
2014
+2.9
-4.5
-2.1
+5.7
+1.7
+0.4
+4.9
+0.8
-0.8
+0.4
-7.7
+0.4
2013
-0.8
+9.1
+0.0
-1.9
+8.5
-8.5
-8.9
-10.6
+8.6
-3.5
+1.4
+6.7
2012
+0.0
+0.0
+0.0
-1.2
-30.6
+19.8
-0.5
+7.3
+40.9
-15.5
-12.2
+6.5
Average
+7.3
-8.7
-5.5
+2.9
+3.7
+0.0
+10.2
+2.7
+8.3
-2.9
-4.2
+2.4
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
+2.9
-7.9
-6.7
+1.9
+2.5
+0.4
+4.9
-1.5
+6.6
-3.5
-5.5
+0.4
% up
62%
21%
21%
64%
71%
53%
67%
40%
67%
31%
23%
54%
P/E
9.7
P/B
1.32
EPS
Rs 5.69
Div Yield
3.82%
Market Cap
Rs 1.4B
Beta
0.75
ROE
13.7%
Op Margin
11.3% (+1.5pp)
Fundamentals
Line
FY2026
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
Revenue
Rs 4.0B
+6.8%
Rs 3.7B
-2.6%
Rs 3.8B
+0.0%
Rs 3.8B
+48.0%
Rs 2.6B
+20.6%
Rs 2.1B
+20.6%
Rs 1.8B
-12.8%
Rs 2.0B
-10.1%
Operating profit
Rs 378.8M
-17.6%
Rs 459.5M
-53.4%
Rs 986.5M
+0.0%
Rs 986.5M
+372.7%
Rs 208.7M
+243.1%
Rs 60.8M
Rs -324.0M
Rs 137.0M
-28.5%
Net profit
Rs 137.4M
-23.9%
Rs 180.6M
+6.2%
Rs 170.1M
+0.0%
Rs 170.1M
+300.6%
Rs 42.5M
turned profitable
Rs -77.9M
loss narrowed
Rs -494.9M
fell into loss
Rs 4.8M
-94.3%
EPS
5.50
-23.9%
7.23
+73.0%
4.18
-38.5%
6.80
+300.0%
1.70
-3.11
-19.79
0.19
-94.4%
Compared with the same period a year earlier.
Parent company only. Subsidiaries are not included.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
2026 · third interimRs 0.78
2026 · second interimRs 0.63
2026 · first interimRs 0.69
2025 · third interimRs 0.35
2025 · second interimRs 0.40
2025 · first interimRs 1.70
2024 · second interimRs 0.40
2024 · first interimRs 1.25
Peer comparison8 peers in Plantations & Agriculture
Horana Plantations PLC is an integrated plantation company engaged in the cultivation, manufacture and marketing of tea, rubber, oil palm and other ancillary crops across estates and operational units in Sri Lanka. Its operating model connects field-level cultivation with on‑estate processing, renewable energy initiatives and value‑added product streams.
The company’s business activities include diversified agricultural operations, estate and factory management, renewable energy integration and circular resource use, supported by digital and mechanisation initiatives. HPL supplies both domestic and export markets and reports programmes focused on sustainability and community development, including ecological restoration and livelihood, education and healthcare initiatives for estate communities.
Sustainability, operational resilience and community wellbeing are integrated into HPL’s strategy and reporting, with emphasis on climate resilience, resource efficiency and governance across its estate ecosystem.
HPL’s latest quarter delivered 15.0% operating-profit growth despite almost flat revenue. The key tension is that the share price has weakened while operating performance improved.
Sri Lanka's plantation sector is mobilising climate-resilience measures during an El Niño-linked dry spell as the government sets aside Rs.4.8 billion for relief and raises daily water allocations to 15 litres. Estate firms such as Udapussellawa, Browns (Browns Investments), Kelani Valley and Horana are adopting water-conservation, agroforestry, drought-tolerant practices and solar installations.
Hayleys PLC (via Hayleys Plantations) has partnered with UNDP BIOFIN to implement Payment for Ecosystem Services projects across its estates, covering Talawakelle Tea Estates, Horana Plantations and Kelani Valley Plantations. Projects include watershed conservation, biodiversity-restoration with tourism integration and a PES model evaluation.
TourismRenewable EnergyTea & Plantation Crops
Ada Derana·Jul 27, 2026·Promotional / marketingPositive
Hayleys Plantations, partnering with UNDP BIOFIN, is advancing Payment for Ecosystem Services projects at Talawakelle Tea Estates (Great Western, Wattagoda), Horana Plantations' Bambarakelly Estate and Kelani Valley's Halgolla Estate to fund watershed protection, biodiversity restoration and tourism-linked conservation.
Hayleys PLC's transportation and logistics arm Advantis has embedded an ESG strategy (HELIOS) across its operations and launched Advantis Blue C and Advantis Green C ecosystem restoration programmes, including mangrove projects and an MoU with Horana Plantations.
Hayleys Plantations launched 'Regenerate', a unified ESG roadmap joining Talawakelle (TPL), Kelani Valley (KVAL) and Horana (HOPL) across 55 estates and ~14,000 ha with 2030 targets including a 42% reduction in Scope 1–3 emissions and 95% renewable-energy reliance. The plan also targets 90% regenerative agriculture, zero deforestation, 100% supplier ESG screening and digital/AI monitoring.
Hayleys PLC led World Environment Day 2026 activities across its plantation group, with Kelani Valley, Talawakelle and Horana plantations running tree-planting, awareness campaigns and Talawakelle launching the Hill Country Green Force volunteer initiative.
Tea & Plantation Crops
Ada Derana·Jul 6, 2026·Promotional / marketingPositive
Hayleys PLC's Hayleys Plantations sector marked World Environment Day 2026 with tree planting, awareness programmes, the Surakimu Ganga freshwater initiative and the launch of Talawakelle's 'Hill Country Green Force' across Kelani Valley (KVAL.N0000), Talawakelle (TPL.N0000) and Horana (HOPL.N0000).
The Thailand–Sri Lanka forum highlighted the newly enacted SLTFTA and reported bilateral trade rose 48% to $649m in 2025. Officials said the FTA and related measures should expand market access and investment across logistics, manufacturing, tourism, food processing, IT and healthcare.
Exporters
Ada Derana·Jun 25, 2026·Promotional / marketingPositive
The Thailand–Sri Lanka Business Forum centred on implementing the Sri Lanka–Thailand FTA to boost trade and investment after bilateral trade reached USD 649m in 2025 (+48% vs 2024). Delegates highlighted opportunities in logistics, manufacturing, food and agriculture, IT, healthcare and tourism and urged streamlined customs and predictable FTA implementation.
Sri Lanka and Thailand plan to deepen trade and investment using the Sri Lanka–Thailand FTA and enhanced B2B engagement, targeting tourism, hospitality, food processing, agriculture, logistics and other sectors to boost bilateral ties and supply‑chain links.
ExportersTourism
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.