EquityLK

Kelani Valley Plantations PLC

KVAL.N0000Undervalued

Plantations & Agriculture · Agricultural Commodities/Milling

Kelani Valley Plantations PLC is a regional plantation and processing company and a wholly-owned subsidiary of Dipped Products PLC.

KVAL shares are down 21.8% over the past year and last closed at Rs 80.00 on Sep 30, 2026.

Rs 80.00
+0.38%
Price history
-21.76%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-3.3+0.1-11.0+13.4-3.8-0.6-2.4-0.8-3.8+0.0+0.0+0.0
2025-4.4-6.4-5.3+1.1+7.4-4.3+20.9-6.8+4.2-0.8-5.4-1.9
2024-3.2+2.9+2.9+1.2+1.3+1.6-4.4-5.1+4.3+2.3+5.5+22.8
2023-2.3-6.5-3.2+3.1-4.2-0.8+21.4-3.2-4.1-7.1+2.2-3.5
2022+27.7-24.2-44.2-6.3+43.3+0.8+50.3+12.6+4.3-16.3-14.7-1.2
2021+17.7-14.2-6.0+0.8+7.1-1.2+11.0-0.9+0.0+7.5+54.3+21.8
2020+0.0+0.0+0.0+0.0+0.0+0.0+0.1-0.6+2.0+12.0+0.6-1.2
2019+0.0+0.0+0.0+0.0+0.0-3.4-0.2-10.4+6.6-1.2+0.6-0.4
2018+0.0+0.0-25.6+43.0-5.4-0.8-10.0-6.7+0.0+0.0+0.0+0.0
2017+0.0+7.1+9.3+12.8-4.8+2.2-4.4+4.5-1.0-2.2-2.3+5.9
2016+0.0+0.0+0.0+0.0-10.4+3.0-1.3-3.3-15.3+10.0+8.9+0.0
2015+1.1-2.5-1.4+1.5-5.5-7.2+5.3+6.5-7.0+1.8+0.0+0.0
2014+0.4+1.8-2.1-2.6-0.7-3.0+7.3-5.1-2.0-1.4-0.6+2.8
2013+5.2+1.0+0.2-1.5+0.0+0.1-3.6-1.6+0.0-0.6-0.5-0.6
2012+0.0+0.0+0.0+3.3-10.5+5.9+0.0-8.9+8.5+0.0-7.9-2.4
Average+4.3-4.1-7.2+5.8+1.1-0.6+6.0-2.0-0.2+0.3+3.4+3.8
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+0.4-1.2-2.7+1.4-3.8-0.7+0.0-3.2+0.0-0.6+0.1-0.6
% up56%50%25%75%31%43%47%20%43%38%50%36%
P/E
6.5
P/B
0.58
EPS
Rs 12.25
Div Yield
4.69%
Market Cap
Rs 5.4B
Beta
0.80
ROE
8.9%
Op Margin
4.9% (-0.8pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 19.4B
-10.2%
Rs 21.6B
+8.4%
Rs 20.0B
-3.6%
Rs 20.7B
+60.2%
Rs 12.9B
+9.9%
Rs 11.8B
+32.0%
Rs 8.9B
-2.8%
Rs 9.2B
+6.1%
Operating profit
Rs 1.2B
-16.7%
Rs 1.5B
-22.8%
Rs 1.9B
-33.4%
Rs 2.8B
+68.7%
Rs 1.7B
+42.9%
Rs 1.2B
+421.3%
Rs 224.9M
-50.2%
Rs 451.9M
-22.0%
Net profit
Rs 838.6M
-11.0%
Rs 941.8M
-20.4%
Rs 1.2B
-43.4%
Rs 2.1B
+17.5%
Rs 1.8B
+121.6%
Rs 802.2M
turned profitable
Rs -87.0M
fell into loss
Rs 387.9M
+141.8%
EPS
12.18
-9.2%
13.42
-22.3%
17.26
-43.8%
30.70
+18.0%
26.02
+122.6%
11.69
-2.81
11.14
+144.3%

Compared with the same period a year earlier.

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

Recent dividends

  • 2027 · second interimRs 0.20
  • 2027 · first interimRs 0.30
  • 2026 · third interimRs 1.75
  • 2026 · second interimRs 1.10
  • 2026 · first interimRs 0.60
  • 2025 · first interimRs 2.60
  • 2024 · third interimRs 2.50
  • 2024 · second interimRs 0.25
Peer comparison9 peers in Plantations & Agriculture
Sector overview Open in screener
1Watawala Plantations PLC
WATA.N0000
Rs 46.40
P/E
19.3
P/B
15.76
ROE
81.75%
Yield
5.39%
2Namunukula Plantations PLC
NAMU.N0000
Rs 66.10
P/E
8.4
P/B
1.27
ROE
15.44%
Yield
3.03%
3Elpitiya Plantations Plc
ELPL.N0000
Rs 175.00
P/E
7.3
P/B
1.18
ROE
16.11%
Yield
4.00%
4Malwatte Valley Plantations Plc
MAL.N0000
Rs 57.00
P/E
36.3
P/B
1.85
ROE
4.91%
Yield
0.21%
5Agalawatte Plantations Plc
AGAL.N0000
Rs 50.10
P/E
9.5
P/B
1.40
ROE
14.80%
Yield
1.50%
6Agarapatana Plantations PLC
AGPL.N0000
Rs 13.50
P/E
21.8
P/B
1.61
ROE
7.58%
Yield
3.70%
7Talawakelle Tea Estates Plc
TPL.N0000
Rs 141.00
P/E
6.9
P/B
0.87
ROE
12.50%
Yield
6.60%
8Bogawantalawa Tea Estates PLC
BOPL.N0000
Rs 69.90
P/E
10.3
P/B
1.22
ROE
13.24%
Yield
8.58%
10Kelani Valley Plantations PLC
KVAL.N0000 · this company
Rs 80.00
P/E
6.5
P/B
0.58
ROE
8.85%
Yield
4.69%
Peer median · 9 companies
P/E 9.5P/B 1.27Yield 4.00%

About Kelani Valley Plantations PLC

Kelani Valley Plantations PLC is a regional plantation and processing company and a wholly-owned subsidiary of Dipped Products PLC. It manages 25 estates across three agro-climatic regions spanning over 13,000 hectares in Sri Lanka, producing tea, rubber and diversified crops such as coconut, cinnamon, timber and agarwood. The group operates multiple tea processing facilities (all black tea factories ISO 22000:2005 certified) and produces black, green and instant tea, with the Glassaugh factory producing green tea and the Nuwara Eliya factory specialising in instant tea. KVPL’s rubber plantations are endorsed by The Rainforest Alliance and certified as Forest Stewardship Council producers for sole crepe, centrifuge latex and crepe rubber. The company pursues crop and business diversification through subsidiaries and brands including Mabroc Teas (Pvt) Ltd. for tea marketing (reach to over 50 countries and a UN Global Compact signatory), Kalupahana Power Company (Pvt) Ltd. for small-scale hydropower and solar generation, and Kelani Valley Resorts (Pvt) Ltd. which operates the Oliphant Bungalow boutique resort. KVPL also markets consumer-facing experiences via its Pedro Estate Ethical Tea Boutique and the ‘Tea Train’ at Edinburgh Estate. The company emphasises sustainability and ethical certifications (Rainforest Alliance, UTZ, Ethical Tea Partnership, ISO) and implements worker welfare and community initiatives across its estates.

Rupee & ForexRenewable EnergyTea & Plantation Crops

AI analysis

bullish

Evidence points bullish: shares trade at 0.58 times book value while debt remains modest. The catch is that June-quarter revenue fell 2.7% and operating profit declined faster.

Read the full report (Sep 30, 2026) →

News sentiment

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

1 article in 30 days: 1 positive, 0 negative, 0 neutral.

24 months positive negative 3-month net
Dec 24: 1 articles, net +1.00Mar 25: 1 articles, net +1.00Sep 25: 4 articles, net +0.75Oct 25: 2 articles, net -1.00Dec 25: 1 articles, net +1.00Mar 26: 1 articles, net +1.00Jun 26: 1 articles, net +1.00Sep 26: 1 articles, net +1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Ada Derana·Sep 30, 2026·OtherPositive
Beyond El Niño: Building lasting climate resilience in Sri Lanka's plantations

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.

Renewable EnergyTea & Plantation Crops
Ada Derana·Aug 18, 2026·Promotional / marketingPositive
KVPL Enters Premium Tea Segment with New Single-Estate Artisanal Collection

Kelani Valley Plantations PLC (KVAL.N0000) has launched a limited-edition single-estate artisanal and specialty tea collection-including Silver Tips, White Tea, Golden Tips and estate Black Teas-targeting the premium, value-added segment. Output is deliberately small-batch to preserve estate-specific quality and drive value addition beyond bulk exports.

ExportersTea & Plantation Crops
Daily FT·Jul 27, 2026·Promotional / marketingPositive
Hayleys Plantations advances Payment for Ecosystem Services across Sri Lanka's estates

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 Advances Payment for Ecosystem Services Across Sri Lanka's Estates

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.

Tea & Plantation CropsTourismRenewable Energy
Daily FT·Jul 23, 2026·Promotional / marketingPositive
Regenerate: The ESG Strategy Shaping the Future of Hayleys 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.

Tea & Plantation CropsRenewable EnergyIT & DigitalExporters
Ada Derana·Jul 23, 2026·Award or certification
CTTA's 132nd AGM charts new course for Ceylon Tea through quality, value and resilience

The Colombo Tea Traders' Association held its 132nd AGM on 17 July, re‑electing Lushantha de Silva as chairman and appointing a Board that includes Kelani Valley and Malwatte Valley Plantations. CTTA emphasised value addition, premium branding and sustainable reforms to boost Ceylon Tea exports.

ExportersTea & Plantation Crops
Daily FT·Jul 7, 2026·Award or certification
UN Global Compact Network Sri Lanka powers sustainable business transformation

UN Global Compact Network Sri Lanka hosted CATALYZE 2026: Environment, a two-day forum on corporate environmental sustainability; Sampath Bank was main partner and listed firms including Dilmah, Teejay Lanka, Hayleys, Talawakelle, Commercial Bank and Kelani Valley participated as partners or patrons.

Renewable Energy
Ada Derana·Jul 6, 2026·Promotional / marketingPositive
Hayleys Plantations Champions Nature-Positive Climate Action on World Environment Day 2026

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).

Tea & Plantation Crops

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.

The stories behind it

Auto-generated from 17 sector news articles over 14 days. Not investment advice.