Kotagala Plantations PLC's board on 1 Sept resolved to amalgamate with its 99.999% owned subsidiary Rubber and Allied Products (Colombo) Ltd; minority holders of nine RAPC shares will be paid Rs.8.10 each, Kotagala's RAPC shares will be cancelled and an EGM will be convened.
Plantations & Agriculture · Agricultural Commodities/Milling
Kotagala Plantations PLC is a Sri Lankan plantation company that owns and manages tea, rubber, oil palm and timber estates and undertakes cultivation, harvesting, processing and sale of plantation crops.
KOTA shares are down 21.4% over the past year and last closed at Rs 8.10 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.0 | -3.2 | -12.1 | +23.8 | -8.1 | -2.2 | -9.0 | -2.5 | +2.5 | +0.0 | +0.0 | +0.0 |
| 2025 | +9.9 | -9.0 | -1.1 | +10.0 | -3.0 | -5.2 | +1.1 | +1.1 | +6.5 | +6.1 | +0.0 | -3.8 |
| 2024 | -3.2 | -3.3 | +6.8 | +1.6 | -3.1 | +0.0 | -8.1 | -3.5 | +10.9 | +1.6 | +0.0 | +46.8 |
| 2023 | -6.5 | -1.4 | -14.1 | +1.6 | -4.8 | +0.0 | +32.2 | -1.3 | -7.8 | -9.9 | -10.9 | +10.5 |
| 2022 | +2.6 | -25.0 | -35.0 | +2.6 | +2.5 | -2.4 | +57.5 | +63.5 | +8.7 | -19.6 | -13.3 | -1.3 |
| 2021 | -23.3 | -10.1 | -14.5 | +5.7 | +5.4 | +0.0 | +64.6 | -22.8 | +29.5 | +33.3 | +10.5 | -7.1 |
| 2020 | -1.4 | -16.9 | -15.3 | +0.0 | +0.0 | -1.7 | +0.0 | +13.8 | +27.3 | +13.1 | -6.3 | +1.1 |
| 2019 | +4.5 | +2.9 | -2.8 | -14.3 | +0.0 | +0.0 | +20.0 | -2.8 | +0.0 | +0.0 | +2.9 | +0.0 |
| 2018 | -36.4 | +10.4 | -8.2 | +41.0 | -8.2 | -3.0 | -14.3 | -4.8 | -1.2 | -2.5 | -9.1 | -4.3 |
| 2017 | +4.3 | +5.2 | +6.9 | +22.0 | +35.3 | -19.4 | +0.0 | +0.0 | +31.0 | -15.8 | -35.6 | +17.5 |
| 2016 | -5.6 | -4.8 | +0.0 | +31.3 | -11.4 | -0.5 | -7.6 | -6.4 | -28.7 | -19.3 | +1.1 | +0.0 |
| 2015 | -1.9 | -4.8 | -16.3 | +9.3 | +0.0 | -7.4 | +3.2 | -8.9 | -1.7 | +5.6 | -17.2 | -11.9 |
| 2014 | -0.3 | -2.4 | -2.8 | -1.4 | -2.3 | +11.3 | +6.7 | -6.7 | -4.8 | -1.7 | -8.6 | -0.9 |
| 2013 | -24.1 | -7.3 | +3.6 | -1.7 | +5.5 | -4.5 | -13.1 | -12.9 | -1.2 | +5.2 | -7.8 | -4.6 |
| 2012 | +0.0 | +0.0 | +0.0 | -0.7 | -13.7 | -7.7 | -0.7 | +6.5 | +38.2 | -11.6 | -14.9 | +21.5 |
| Average | -6.2 | -5.0 | -7.5 | +9.3 | -0.4 | -2.9 | +8.8 | +0.8 | +7.3 | -1.1 | -7.8 | +4.5 |
| 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 | -2.5 | -4.0 | -5.5 | +4.1 | -2.7 | -2.2 | +0.0 | -2.8 | +2.5 | -0.8 | -8.2 | -0.5 |
| % up | 29% | 21% | 21% | 71% | 29% | 7% | 47% | 27% | 53% | 43% | 21% | 36% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 5.7B +9.9% | Rs 5.2B +2.6% | Rs 5.1B +0.7% | Rs 5.0B +43.5% | Rs 3.5B +9.2% | Rs 3.2B +18.1% | Rs 2.7B -17.1% | Rs 3.3B -15.6% |
| Operating profit | Rs 670.1M -32.5% | Rs 993.2M +42.1% | Rs 698.9M -39.8% | Rs 1.2B +204.1% | Rs 381.6M | - | - | - |
| Net profit | Rs 348.4M -9.7% | Rs 385.8M turned profitable | Rs -126.9M fell into loss | Rs 252.9M +156.8% | Rs 98.5M turned profitable | Rs -110.2M loss narrowed | Rs -731.4M loss narrowed | Rs -1.1B fell into loss |
| EPS | 0.90 -21.1% | 1.14 | -0.37 | 0.75 +158.6% | 0.29 | -1.46 | -9.72 | -14.31 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2013Rs 2.50
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | KOTA.N0000 · this company | 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 | 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 | - | - | 8.5 | 0.83 | - | - | 0.43% |
About Kotagala Plantations Plc
Kotagala Plantations PLC is a Sri Lankan plantation company that owns and manages tea, rubber, oil palm and timber estates and undertakes cultivation, harvesting, processing and sale of plantation crops. The company manufactures black tea in its tea factories and natural rubber in its rubber factories, packages produce for auctions and wholesale, and sells to domestic markets with rubber also exported; it seeks sustainability and quality certifications including Rainforest Alliance and ISO. Operations are carried out across up-country estates in the Nuwara Eliya District and low-country estates in the Horana and Kalutara Districts, with activities that include nurseries, replanting, mechanised and manual harvesting, on-estate processing, packaging and transport to warehouses, auctions and ports. Estate trademarks are used to add value to Kotagala tea, and the group includes a subsidiary, Rubber & Allied Products (Colombo) Ltd. The company is pursuing value addition and diversification initiatives such as timber value‑addition and planned eco‑friendly cabanas to integrate tea tourism, alongside ongoing mechanisation (including mechanised tea plucking), sustainability accreditation and workforce training to support productivity and compliance.
AI analysis
bearishKotagala slipped into a LKR 49 million June-quarter loss as revenue fell 27.6%, reinforcing a bearish case despite lower debt.
Read the full report (Sep 6, 2026) →News sentiment
Describes news flow, not a forecast2 articles in 30 days: 0 positive, 0 negative, 2 neutral.
Colombo stock indices rose (ASPI +0.37% to 21,474.39; S&P SL20 +0.47% to 6,023.20) with several blue-chips higher. Kotagala Plantations resolved to amalgamate with its 99.999% subsidiary Rubber and Allied Products, offering 8.10 rupees cash to minority shareholders and cancelling the parent company's shares, subject to shareholder approval.
Colombo's ASPI fell 0.03% to 21,417.80, extending a third straight day of losses on profit taking and net foreign outflows of Rs.36.7m. Banking led turnover (27%) while Haycarb, Chevron Lubricants, John Keells and Hayleys were among top contributors.
Kotagala Plantations (KOTA.N0000) has installed a 1 MW rooftop solar power system delivered by E.B. Creasy Solar. The system uses LONGi panels and SUNGROW inverters and is expected to reduce carbon emissions and energy costs.
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.
Colombo posted its biggest monthly gain since July 2025, with the ASPI up 7% and the S&P SL20 up 5.1% in April, with average daily turnover of Rs.3.66bn. Yesterday the indices fell (ASPI -0.38% to 22,550) on losses in John Keells, Sampath and Commercial Bank amid net foreign outflows of Rs.75mn.
Colombo Stock Exchange opened mixed: ASPI rose 0.29% to 22,132.33 while the S&P SL20 slipped 0.06% to 6,037.79 on turnover of about Rs. 3.7bn and net foreign outflows of Rs. 200.5m. Colombo Dockyard, DFCC and Richard Pieris led gains while John Keells and Commercial Bank fell.
People’s Bank has become the first state bank to receive a Corporate Finance Adviser Licence from the Securities and Exchange Commission of Sri Lanka. Its investment banking unit (PBIBU) has managed 32 debenture listings and one equity IPO mobilising over Rs.200 billion and is structuring four new debt issuances for late 2025/early 2026.
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.