First Capital says listed plantation firms AGAL, KGAL, KOTA and HOPL are well positioned to benefit from rising rubber prices as rubber makes up about 15%+ of their revenue. Dipped Products and exporters may also gain from higher rubber prices and rupee depreciation, while Kelani Tyres could face margin pressure.
Plantations & Agriculture · Agricultural Commodities/Milling
Kegalle Plantations PLC is a Sri Lankan plantation company that cultivates and processes plantation crops, primarily tea, rubber, coconut and oil palm.
KGAL shares are down 14.1% over the past year and last closed at Rs 127.50 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.6 | -0.4 | -8.9 | +27.9 | -2.1 | -10.0 | -4.5 | -2.9 | -4.9 | +0.0 | +0.0 | +0.0 |
| 2025 | +14.7 | -8.0 | +1.4 | -0.9 | -2.0 | +0.6 | -1.3 | +4.1 | +7.7 | -7.4 | +0.0 | -3.6 |
| 2024 | +1.3 | -1.7 | +2.6 | -2.9 | +2.4 | -4.4 | -1.3 | -2.2 | +4.5 | +4.8 | +0.8 | +7.6 |
| 2023 | -1.3 | -2.6 | -2.6 | -3.8 | -12.0 | +5.5 | +15.5 | -5.0 | -3.3 | +0.8 | -7.9 | +2.8 |
| 2022 | +22.2 | -23.1 | -13.0 | -13.3 | +17.1 | -1.5 | +37.0 | +35.1 | -12.4 | -19.2 | -21.5 | -0.2 |
| 2021 | +61.2 | -20.4 | -13.6 | +0.4 | +20.8 | -11.5 | +11.3 | -11.2 | -0.5 | +10.3 | +17.0 | +22.9 |
| 2020 | -3.0 | -1.7 | -29.2 | +0.0 | +0.0 | +3.2 | +2.4 | +2.0 | +27.5 | +2.9 | +1.7 | +11.3 |
| 2019 | +2.7 | +6.4 | -10.9 | +8.7 | -4.7 | +6.0 | +2.5 | -0.6 | -5.7 | +7.9 | -4.2 | -1.2 |
| 2018 | -0.7 | +2.8 | -7.6 | +3.4 | -8.4 | -6.5 | +0.9 | -6.0 | -1.8 | +7.2 | -1.6 | -0.9 |
| 2017 | +15.2 | +0.7 | -9.4 | +10.6 | +20.0 | -3.5 | +5.9 | -0.7 | +2.9 | -2.8 | +0.0 | -0.7 |
| 2016 | -11.8 | -5.2 | -11.2 | +31.7 | -5.3 | -3.5 | -3.8 | -2.6 | -3.5 | -2.7 | -6.5 | -1.0 |
| 2015 | -3.2 | -1.1 | -7.7 | +3.5 | -2.3 | -2.4 | +2.9 | -1.8 | -9.5 | -5.1 | -3.4 | -1.2 |
| 2014 | -0.8 | -6.1 | +9.5 | -5.4 | -5.0 | +4.5 | +4.1 | -3.4 | -3.0 | +2.0 | -7.3 | +3.5 |
| 2013 | +1.1 | +6.6 | +0.0 | +0.0 | +1.5 | -3.3 | -8.5 | -4.7 | -3.0 | +3.4 | -1.3 | +8.3 |
| 2012 | +0.0 | +0.0 | +0.0 | +6.8 | -17.2 | -0.1 | +2.2 | +3.7 | +17.4 | -5.4 | -4.9 | +2.2 |
| Average | +7.3 | -3.8 | -7.2 | +4.7 | +0.2 | -1.8 | +4.4 | +0.3 | +0.8 | -0.2 | -2.8 | +3.6 |
| 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 | +1.2 | -1.7 | -8.3 | +1.9 | -2.2 | -2.4 | +2.4 | -2.2 | -3.0 | +1.4 | -2.5 | +1.0 |
| % up | 57% | 29% | 21% | 57% | 36% | 33% | 67% | 27% | 33% | 57% | 21% | 50% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 3.7B -5.2% | Rs 3.9B +0.4% | Rs 3.9B -26.2% | Rs 5.3B +46.0% | Rs 3.6B +15.2% | Rs 3.1B +44.0% | Rs 2.2B -9.8% | Rs 2.4B -3.4% |
| Operating profit | Rs 383.7M -53.5% | Rs 825.5M +122.1% | Rs 371.7M -62.3% | Rs 985.3M +102.7% | Rs 486.0M +74.0% | Rs 279.3M | Rs -49.2M | Rs 69.9M -77.2% |
| Net profit | Rs 103.7M -76.6% | Rs 444.0M turned profitable | Rs -273.2M fell into loss | Rs 751.2M -5.7% | Rs 796.6M +65.1% | Rs 482.6M +203.0% | Rs 159.3M -60.0% | Rs 398.1M +14.3% |
| EPS | 4.15 -76.6% | 17.76 | -10.93 | 30.05 -5.7% | 31.86 +65.1% | 19.30 +203.0% | 6.37 -60.0% | 15.92 +14.3% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · first interimRs 3.00
- 2025 · first interimRs 3.50
- 2024 · first interimRs 3.50
- 2023 · first interimRs 7.00
- 2022 · first interimRs 5.00
- 2021 · first interimRs 4.00
- 2019Rs 5.00
- 2018Rs 7.50
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | KOTA.N0000 | 8.10 | Rs 3.4B | 9.0 | 1.00 | 0.90 | 10.03% | 0.00% |
| 2 | MASK.N0000 | 60.00 | Rs 3.2B | 5.1 | 1.04 | 11.83 | 20.42% | 6.67% |
| 3 | KGAL.N0000 · this company | 127.50 | Rs 3.2B | 30.7 | 0.61 | 4.15 | 2.00% | 2.35% |
| 4 | BALA.N0000 | 58.40 | Rs 2.8B | 7.3 | 0.60 | 8.00 | 8.17% | 0.86% |
| 5 | UDPL.N0000 | 140.00 | Rs 2.7B | 4.0 | 0.51 | 34.75 | 12.39% | 0.00% |
| 6 | HAPU.N0000 | 54.60 | Rs 2.5B | 14.6 | 0.59 | 3.73 | 4.06% | 0.00% |
| 7 | MADU.N0000 | 9.00 | Rs 1.5B | - | 2.42 | -0.61 | 8.02% | 0.00% |
| 8 | KAHA.N0000 | 15.00 | Rs 1.5B | - | 1.43 | -0.75 | -6.78% | 0.00% |
| Peer median · 8 companies | - | - | 8.2 | 1.02 | - | - | 0.00% |
About Kegalle Plantations PLC
Kegalle Plantations PLC is a Sri Lankan plantation company that cultivates and processes plantation crops, primarily tea, rubber, coconut and oil palm. Its operations focus on field development, production and sale of agricultural commodities from its estate operations, with ongoing investments in replanting, yield improvements and value‑addition initiatives. The company is pursuing a diversification strategy into export‑oriented crops such as coffee, cocoa, vanilla, pineapple and pepper, and emphasises sustainability, certifications and improved agronomic practices across its estates.
AI analysis
bearishJune-quarter net profit fell 55.9% as revenue declined 19.6%, while KGAL trades on a demanding earnings multiple.
Read the full report (Sep 1, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
Dividend · Rs 3.00 · XD Apr 10, 2026
First Interim dividend of LKR 3/share; XD 2026-04-10; record 2026-04-14; payable 2026-04-30; FY ended 31st March 2026
Namunukula Plantations PLC appointed Saman Doranegama as its Acting Chief Executive Officer; he will continue to serve as CEO of Kegalle Plantations PLC.
President Anura Kumara Dissanayake held a special discussion with plantation company representatives on the proposed increase to estate workers' daily wages to align with recent public/private sector salary hikes and discussed implementation; the government pledged support for developing the plantation sector.
President Anura Kumara Disanayake urged plantation companies to raise estate workers' daily wages and said the government will support the industry to implement the increase. Representatives from major planters, including Kahawatte, Malwatte, Kelani Valley, Balangoda, Browns, Kegalle and Kotagala, took part.
Multiple plantation companies (Agarapatana, Elpitiya, Talawakelle, Hatton, Watawala, Kegalle, Kelani Valley, Maskeliya, Namunukula, Kahawatte and Balangoda) are running scholarship programs supporting hundreds of students; Elpitiya alone funds 100 university and 80 A/L students at a cost exceeding LKR 12.4m.
Dividend · Rs 3.50 · XD Mar 5, 2025
First Interim dividend of LKR 3.5/share; XD 2025-03-05; record 2025-03-05; payable 2025-03-25; FY 2024/2025
Plantations & Agriculture sector: what is happening
Last 14 days to Sep 30, 2026Heavy 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.