JAT Holdings Plc

JAT.N0000Moderately undervalued

Manufacturing · Chemicals: Specialty

JAT Holdings PLC is a diversified manufacturing and distribution group focused on coatings, finishing solutions and related building and furnishing products.

JAT shares are down 31.4% over the past year and last closed at Rs 32.50 on Sep 30, 2026.

Rs 32.50
-1.52%
Price history
-31.43%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-5.6+2.6-16.3+6.4-7.0+3.1-10.1-2.2-7.1+0.0+0.0+0.0
2025+11.1-2.1-1.5+8.5+16.0+4.4+5.6+12.8+9.9+16.1-10.6-0.4
2024-8.5+0.0+23.6+8.1+1.6+10.0-11.0-10.8+8.4+2.2+13.0+21.2
2023+0.0+30.1-1.2-0.6-2.5+0.7+7.8+0.0+10.8-12.5-4.3-0.6
2022+31.9-13.3-39.3-10.0-1.5-19.5+16.8-2.4+22.1-18.1+10.7-8.9
2021+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0-8.3+4.5-5.2-0.9
Average+5.8+3.4-6.9+2.5+1.3-0.3+1.8-0.5+6.0-1.5+0.7+2.1
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+0.0+0.0-1.5+6.4-1.5+3.1+5.6-2.2+9.2+2.2-4.3-0.6
% up40%40%20%60%40%80%60%20%67%60%40%20%
P/E
11.2
P/B
1.38
EPS
Rs 2.89
Div Yield
3.57%
Market Cap
Rs 17.0B
Beta
0.61
ROE
12.3%
Op Margin
5.7% (-4.5pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022
Revenue
Rs 12.6B
+8.8%
Rs 11.6B
+0.6%
Rs 11.6B
+13.7%
Rs 10.2B
+14.3%
Rs 8.9B
Operating profit
Rs 1.8B
+1.3%
Rs 1.8B
+34.5%
Rs 1.4B
-30.5%
Rs 1.9B
+64.3%
Rs 1.2B
Net profit
Rs 1.5B
-14.3%
Rs 1.8B
+73.8%
Rs 1.0B
-21.3%
Rs 1.3B
+7.5%
Rs 1.2B
EPS
2.92
-16.6%
3.50
+75.0%
2.00
-21.9%
2.56
+3.6%
2.47

Compared with the same period a year earlier.

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

Recent dividends

  • 2026 · finalRs 0.72
  • 2025 · finalRs 0.44
  • 2025 · first interimRs 0.60
  • 2024 · finalRs 0.20
  • 2024 · first interimRs 0.30
  • 2023 · finalRs 0.49
  • 2023 · first interimRs 0.45
  • 2022 · finalRs 0.38
Peer comparison5 peers in Manufacturing
HAYC.N0000
Rs 210.25
P/E
14.9
P/B
2.02
ROE
13.60%
Yield
2.05%
Rs 206.00
P/E
10.4
P/B
5.01
ROE
47.93%
Yield
5.83%
JAT.N0000 · this company
Rs 32.50
P/E
11.2
P/B
1.38
ROE
12.33%
Yield
3.57%
APLA.N0000
Rs 159.00
P/E
8.4
P/B
1.42
ROE
19.77%
Yield
2.36%
Rs 2,299.75
P/E
12.2
P/B
2.29
ROE
18.77%
Yield
3.57%
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 12.0P/B 2.02Yield 2.36%

About JAT Holdings Plc

JAT Holdings PLC is a diversified manufacturing and distribution group focused on coatings, finishing solutions and related building and furnishing products. The Group manufactures and sells wood, decorative and performance coatings and related accessories, supplies and installs bespoke kitchens, wardrobes, ergonomic office furniture, timber decking and ceiling solutions, and exports paints and allied products to international markets. The Group’s operations span manufacturing, research and development, distribution and installation, with presence across multiple geographies and markets. Key subsidiaries and brands referenced in the Group structure include Brush Master (paint brush manufacturing), Asia Coatings (Bangladesh wood coating manufacturing and an Alkyd Resin Plant), Volt Industrial Company (EV charging infrastructure and related engineering and software capabilities), Worldwide Resins & Chemicals (industrial chemical solutions), Mirotone (New Zealand/Australasia industrial wood and high-performance coatings), JAT Exports entities and regional distribution businesses such as JAT Paints Africa and SEA Kitchens in Western Australia. JAT operates in more than ten countries across Asia, Australasia, Africa and the Middle East. The Group’s activities combine finished product manufacturing, technical and high-performance coatings, chemicals and resins, international distribution and on-site furnishing and installation services, alongside investments and commodities operations in selected markets.

AI analysis

neutral

JAT's revenue rose 34.3% in the latest quarter, but net profit grew only 0.5% as operating profit fell. Strong international expansion is not yet translating into earnings growth.

Read the full report (Aug 20, 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
Nov 24: 2 articles, net +1.00Dec 24: 1 articles, net +1.00Jan 25: 3 articles, net +0.33Feb 25: 1 articles, net +1.00Mar 25: 2 articles, net +1.00May 25: 2 articles, net +0.50Jun 25: 1 articles, net +1.00Jul 25: 1 articles, net +1.00Aug 25: 7 articles, net +0.57Nov 25: 7 articles, net +1.00Jan 26: 2 articles, net +0.83Feb 26: 3 articles, net +0.33Mar 26: 3 articles, net +1.00Jun 26: 4 articles, net +1.00Jul 26: 3 articles, net +0.91Aug 26: 4 articles, net +1.00Sep 24Jan 25May 25Sep 25Jan 26May 26
Recent news
View all news →
Ada Derana·Sep 30, 2026·Award or certificationPositive
JAT's Digital Brand Building Recognised with Four SLIM DIGIS Awards

JAT Holdings PLC won four SLIM DIGIS 2.6 awards for its digital marketing work. Hydro+'s 'Bithi Dosa' campaign earned two Silver and one Bronze across brand, launch and cross-media categories, and Harris's centenary campaign won a Bronze.

EconomyNext·Sep 24, 2026·Credit rating action
Fitch affirms Sri Lanka's Ceat Kelani at 'AA+(lka)'; Outlook Stable

Fitch affirmed Ceat Kelani Holdings' National Long-Term Rating at 'AA+(lka)' with a Stable Outlook. Fitch highlighted CKH's market leadership and resilient finances but warned of near-term margin pressure from higher input and energy costs and import competition, with EBITDA net leverage seen peaking around 0.6x in FY28.

Daily FT·Sep 24, 2026·Management or board change
American Chamber of Commerce in Sri Lanka appoints Bertram Paul as President at 34th AGM

Bertram Paul, Managing Director/CEO of Chevron Lubricants Lanka (LLUB.N0000), was elected President of the American Chamber of Commerce in Sri Lanka at its 34th AGM. The new board includes representatives from Hayleys (HAYL.N0000) and JAT Holdings (JAT.N0000), with Chamila Bandara (Hayleys Advantis) named Treasurer and Anika Williamson (JAT) re-elected as a director.

Ada Derana·Aug 19, 2026·Award or certificationPositive
JAT Pintharu Abhiman Marks NVQ Level 4 Milestone at Seventh Convocation

JAT Holdings PLC held its seventh JAT Pintharu Abhiman convocation where 120 painters were certified-14 at NVQ Level 4 and 106 at Level 3-bringing the programme's total to 888 painters certified. JAT facilitated assessments and covered certification costs in partnership with NAITA and TVEC.

Daily FT·Aug 19, 2026·Earnings & resultsPositive
JAT Holdings records 34% revenue growth in 1Q FY26/27, led by international operations revenue increased 34% YoY to Rs. 3.04 b

JAT Holdings PLC reported group revenue of Rs. 3.04 billion for Q1 ended 30 June 2026, a 34% YoY increase, while profit after tax was broadly unchanged at Rs. 150 million. International revenue rose 110% to Rs. 1.21 billion led by Bangladesh and the Maldives, though operating profit fell 25% due to consolidation and higher input and operating costs.

Exporters
Daily FT·Aug 5, 2026·Capacity or capexPositive
JAT positions ACL for Bangladesh's next growth phase with Singair site acquisition

JAT Holdings said its Bangladesh subsidiary Asia Coatings (ACL) has acquired a strategic site in Singair to expand manufacturing, warehousing and distribution; Bangladesh contributes about 30% of group revenue and the move aims to support faster delivery and capacity growth.

Construction Activity
EconomyNext·Jul 30, 2026·Market commentaryPositive
Stocks mixed on Thursday midday, capital goods lead turnover

Colombo bourse traded mixed midday with the ASPI down 0.12% to 21,203.70 and market turnover at Rs200.5mn, led by capital goods (Rs58.5mn). Commercial Bank said its Basel III subordinated debentures will be listed on July 30, 2026; JAT Holdings declared a final dividend of Rs0.72 (ex-div Aug 7, 2026).

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.

Auto-generated from 16 sector news articles over 14 days. Not investment advice.