EquityLK

Kandy Hotels Company (1938) PLC

KHC.N0000Moderately overvalued

Hotels & Tourism · Hotels/Resorts/Cruise lines

The Kandy Hotels Company (1938) PLC is a Sri Lankan hospitality group engaged in hotel ownership and operations, including the ownership and operation of Queens Hotel and Hotel Suisse in Kandy.

KHC shares are down 36.5% over the past year and last closed at Rs 12.00 on Sep 30, 2026.

Rs 12.00
+0.00%
Price history
-36.51%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-8.9+5.8-20.8+9.0-2.5-8.4+2.1-4.9-12.4+0.0+0.0+0.0
2025-7.0-8.3+4.5+0.0-4.3+6.4+6.0+45.2+13.9+0.0-2.9-4.5
2024+1.2-3.5+2.4-2.4-4.9+0.0+1.3-3.8+9.2-3.6+41.3+14.2
2023+5.6+2.6-3.8-2.7-5.5+5.8+23.3+10.0-7.1-3.3+1.1-6.7
2022+2.4-1.2-16.9+8.7-6.7-20.0+25.0+25.7-6.8-8.5+6.7-10.0
2021-11.9-1.9+7.8-12.7+4.2-4.0+66.7-8.8+20.5-1.1-8.0+2.5
2020-14.0-4.1-8.5+0.0+0.0+4.9+9.3-2.1+10.9-5.9+20.8+1.7
2019+8.3-7.7-6.3+0.0+2.2+8.7+10.0-1.8-7.4+18.0+0.0-3.4
2018-5.5+7.7-5.4+7.5-7.0+0.0-3.8+3.9-3.8+5.9-7.4-4.0
2017-4.4-21.5-2.0+16.0+3.4+3.3+1.6-11.1+0.0-1.8-1.8+1.9
2016+0.0-14.3-9.1+16.7+0.0+0.0+2.9+11.1-1.2-3.8-9.2-1.4
2015-1.2+2.4-14.9+14.9+0.0-3.5+2.4+1.2-4.7-1.2-1.2-2.5
2014+9.9-7.7-6.9+4.5-2.9+1.5+8.7+9.3+20.7-2.0-13.4+2.4
2013+5.3-6.0-5.3+6.7+5.3-9.0-13.2-5.1+6.7+0.0+0.0-11.3
2012+0.0+0.0+0.0-5.8-27.7+27.7-3.3+6.9+75.8-7.3-9.9+4.4
Average-1.4-4.1-6.1+4.3-3.3+0.9+9.3+5.1+7.6-1.1+1.1-1.2
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-0.6-3.8-5.8+5.6-2.7+0.0+2.9+1.2+0.0-1.9-1.5-2.0
% up43%29%21%57%29%47%80%53%47%14%29%43%
P/E
44.4
P/B
0.89
EPS
Rs 0.27
Div Yield
0.00%
Market Cap
Rs 9.1B
Beta
1.02
ROE
2.0%
Op Margin
-11.8% (+12.3pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 2.2B
+47.1%
Rs 1.5B
+23.1%
Rs 1.2B
+295.4%
Rs 309.3M
+70.7%
Rs 181.2M
+24.9%
Rs 145.0M
-64.7%
Rs 410.7M
-41.6%
Rs 703.5M
+2.6%
Operating profit
Rs 352.1M
+196.6%
Rs 118.7M
+1,219.2%
Rs 9.0M
Rs -79.3M
Rs -61.1M
Rs -67.9M
Rs 33.5M
-85.1%
Rs 224.5M
-5.7%
Net profit
Rs 214.7M
+91.9%
Rs 111.9M
turned profitable
Rs -119.9M
loss widened
Rs -20.8M
loss narrowed
Rs -154.3M
loss narrowed
Rs -167.7M
loss widened
Rs -72.5M
fell into loss
Rs 125.6M
-44.0%
EPS
0.28
+86.7%
0.15
-0.17
-0.04
-0.27
-0.29
-0.13
0.22
-43.6%

Compared with the same period a year earlier.

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

Recent dividends

  • 2018Rs 0.10
Peer comparison6 peers in Hotels & Tourism
Sector overview Open in screener
1Palm Garden Hotels Plc
PALM.N0000
Rs 48.30
P/E
-
P/B
1.67
ROE
-18.19%
Yield
0.00%
2Nuwara Eliya Hotels Company Plc
NEH.N0000
Rs 4,382.50
P/E
12.0
P/B
1.29
ROE
11.13%
Yield
0.00%
3Kandy Hotels Company (1938) PLC
KHC.N0000 · this company
Rs 12.00
P/E
44.4
P/B
0.89
ROE
1.95%
Yield
0.00%
4Sigiriya Village Hotels PLC
SIGV.N0000
Rs 12.50
P/E
26.0
P/B
1.65
ROE
0.78%
Yield
2.38%
5Hotel Sigirya PLC
HSIG.N0000
Rs 63.90
P/E
19.1
P/B
0.90
ROE
4.69%
Yield
0.00%
6Mahaweli Reach Hotels Plc
MRH.N0000
Rs 16.10
P/E
-
P/B
0.62
ROE
-36.08%
Yield
0.00%
7Ramboda Falls PLC
RFL.N0000
Rs 24.00
P/E
-
P/B
0.96
ROE
2.20%
Yield
6.25%
Peer median · 6 companies
P/E 19.1P/B 1.12Yield 0.00%

About Kandy Hotels Company (1938) PLC

The Kandy Hotels Company (1938) PLC is a Sri Lankan hospitality group engaged in hotel ownership and operations, including the ownership and operation of Queens Hotel and Hotel Suisse in Kandy. The company’s activities focus on managing full-service hotels, banquet facilities and related hospitality services. The Group’s portfolio comprises multiple subsidiaries and hotel brands named in the annual report, including United Hotels Company Limited, Tissa Resort (Private) Limited, EKHO Safari, Ceylon Hotels Maldives (Private) Limited, Suisse Hotel (Pvt) Limited and Suisse Hotel Kandy (Pvt) Limited, and operates properties under brands such as EKHO Surf, EKHO Lake House, The Lake Hotel, Queens Hotel and Hotel Suisse. The Group also holds investments and joint‑venture interests, notably participation in Radisson Hotel Kandy through Suisse Hotel Kandy (Pvt) Ltd., and undertakes refurbishments and upgrades of its properties to align heritage assets with modern standards. Its operations are concentrated in Sri Lanka with properties spread across the country and activities linked to the hill capital of Kandy.

Tourism

AI analysis

bearish

KHC's June quarter remained loss-making despite higher revenue, although it was its strongest comparable June margin result. The share also trades on a demanding earnings multiple relative to hotel peers.

Read the full report (Sep 8, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

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

24 months positive negative 3-month net
Aug 25: 1 articles, net +1.00Nov 25: 1 articles, net +1.00Dec 25: 1 articles, net +1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Jul 24, 2026·Other
'Data protection tone in firms must be set from the top'

Deputy Minister Eranga Weeraratne urged boards and CEOs to set the tone on data privacy and embed protection into digital systems from the start, calling for stronger digital literacy and investment in secure infrastructure as Sri Lanka expands digital services.

IT & Digital
Daily FT·Jul 14, 2026·Promotional / marketing
Data Privacy and Protection Summit 2026 announces Mastercard as Title Partner

Mastercard is the Title Partner for the Data Privacy and Protection Summit 2026, scheduled for 23 July at Cinnamon Grand Colombo. With PDPA enforcement imminent, the summit will focus on data governance, AI-related risks and compliance issues relevant to hotel operators and other businesses.

IT & Digital
Daily FT·Jun 15, 2026·Other
Top seminar on recent tax changes on 24 June

A seminar on recent mid-year tax reforms will be held on 24 June 2026 at Cinnamon Lakeside, covering increases to CGT, criminalisation of tax offences, new income tax calculations, expanded CGIR powers, digital VAT and lower VAT/SSCL thresholds. It is targeted at hotel management, banking/finance compliance and tax professionals.

Daily FT·Jun 9, 2026·Market commentaryPositive
Sajith calls for stronger SL-India business ties to drive regional growth

Opposition Leader Sajith Premadasa urged deeper Sri Lanka–India economic integration to boost trade and investment, highlighting UPI payment integration and proposed energy connectivity. He encouraged entrepreneurs and investors to pursue expansion and adapt to technological change.

ExportersIT & Digital

Hotels & Tourism sector: what is happening

Last 14 days to Sep 30, 2026

Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.

The stories behind it

Auto-generated from 6 sector news articles over 14 days. Not investment advice.