EquityLK

Laxapana PLC

LITE.N0000Moderately undervalued

Manufacturing · Electrical Products

Laxapana PLC is a Sri Lanka-based manufacturer and distributor of electrical and related industrial products, operating across the domestic market through a nationwide distribution network.

LITE shares are down 8.7% over the past year and last closed at Rs 44.00 on Sep 30, 2026.

Rs 44.00
+2.33%
Price history
-8.71%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-0.5-3.1-28.5+6.9+11.1+0.7-9.1+6.8+0.0+0.0+0.0+0.0
2025+6.3+18.9-10.0+1.6-1.6+4.3+4.1+48.0+0.0+2.0+18.4-7.1
2024-2.6+7.4+0.6+8.7-1.7-2.3-3.6+2.5+3.0+0.0+17.1+34.7
2023-9.1+0.0+0.8-0.8+0.8+2.3+13.4-5.3+0.0-2.8+4.3+4.1
2022-1.1+0.6-10.3-7.7+0.0+0.7+0.7+28.8-2.1-19.0-2.7-1.4
2021-2.7-2.1-2.8+0.7+3.6+0.7+4.1-6.6-4.2+5.9-1.4+23.2
2020-1.0+0.0+0.0+0.0+0.0+0.0+9.3+41.5+11.3-3.0-6.2-1.3
2019+7.3-4.2-4.4-8.3+4.0-2.9+3.0+1.0-5.8+4.1+7.8-8.2
2018-1.0+1.0-4.8+10.0-0.9-0.9+11.1+0.0-8.3+9.1-7.5-0.9
2017+4.8-9.1+15.0+5.2-4.1+0.9+0.9-4.2+5.3-4.2-9.6+1.9
2016-11.4-7.7-1.4+12.7-2.5+9.0-4.7+49.4+7.4-7.7-1.7-11.0
2015-1.9+0.0-7.5+0.0+0.0+12.2-1.8+50.0+17.3+0.0-7.4+0.0
2014-2.5-2.6-7.9+22.9+0.0+4.7+20.0+9.3+8.5-6.3-5.0-5.3
2013-5.8-24.6-10.2+29.5-5.3-14.8-4.3-9.1+0.0+10.0-11.4+2.6
2012+0.0+0.0+0.0-1.4-19.2+13.6-7.5+1.6+22.2-13.0+3.0+0.0
Average-1.5-1.8-5.5+5.7-1.1+1.9+2.4+14.2+3.6-1.8-0.2+2.2
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-1.5-1.0-4.8+3.4-0.5+0.7+0.9+2.5+0.0-1.4-2.2-0.5
% up21%29%23%64%29%67%60%67%47%36%36%36%
P/E
8.9
P/B
2.00
EPS
Rs 4.97
Div Yield
3.41%
Market Cap
Rs 2.9B
Beta
0.01
ROE
22.6%
Op Margin
13.6% (+0.8pp)

Fundamentals

LineFY2026FY2025FY2024
Revenue
Rs 3.9B
+15.3%
Rs 3.4B
+235.9%
Rs 999.5M
Operating profit
Rs 588.3M
+93.7%
Rs 303.7M
-6.7%
Rs 325.4M
Net profit
Rs 321.3M
+92.1%
Rs 167.3M
-34.6%
Rs 255.5M
EPS
4.85
+91.7%
2.53
-34.5%
3.86

Compared with the same period a year earlier.

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

Recent dividends

  • 2026 · second interimRs 0.75
  • 2026 · first interimRs 0.75
  • 2025 · first interimRs 1.50
  • 2024 · first interimRs 1.50
  • 2023 · second interimRs 1.00
  • 2023 · first interimRs 1.00
  • 2022 · first interimRs 0.75
  • 2021 · first interimRs 1.00
Sector comparisonManufacturing · 29 companies
Sector overview Open in screener
1ACL Cables PLC
ACL.N0000
Rs 92.00
P/E
10.4
P/B
1.70
ROE
17.50%
Yield
0.54%
2Haycarb PLC
HAYC.N0000
Rs 210.25
P/E
14.9
P/B
2.02
ROE
13.60%
Yield
2.05%
3PGP Glass Ceylon PLC
GLAS.N0000
Rs 55.30
P/E
12.4
P/B
3.29
ROE
26.54%
Yield
5.39%
4Chevron Lubricants Lanka Plc
LLUB.N0000
Rs 206.00
P/E
10.4
P/B
5.01
ROE
47.93%
Yield
5.83%
5Dipped Products PLC
DIPD.N0000
Rs 59.30
P/E
9.2
P/B
0.99
ROE
10.82%
Yield
3.79%
6Teejay Lanka Plc
TJL.N0000
Rs 29.90
P/E
-
P/B
0.64
ROE
-1.86%
Yield
7.83%
7Kelani Cables Limited
KCAB.N0000
Rs 98.60
P/E
9.0
P/B
1.35
ROE
15.37%
Yield
1.62%
8Sierra Cables PLC
SIRA.N0000
Rs 35.20
P/E
6.4
P/B
1.97
ROE
30.68%
Yield
0.00%
20Laxapana PLC
LITE.N0000 · this company
Rs 44.00
P/E
8.9
P/B
2.00
ROE
22.60%
Yield
3.41%
Sector median · 29 companies
P/E 12.0P/B 1.63Yield 2.05%

About Laxapana PLC

Laxapana PLC is a Sri Lanka-based manufacturer and distributor of electrical and related industrial products, operating across the domestic market through a nationwide distribution network. Its product range includes dry cell batteries marketed under the Laxapana brand, LED lighting solutions, water pumps, welding rods and steel roofing products supplied via its subsidiary. The Group’s LED lighting business develops and sells LED bulbs and related lighting solutions, including products using Driver on Board (DOB) technology; the dry cell battery business manufactures and distributes SLS-certified Laxapana batteries; and Sterling Steels (Private) Limited produces and supplies premium steel roofing sheets, including products such as Maxeam 470. Distribution and channel management are supported by dedicated partners, including Darley Butler & Company. The company reports sustainability and product certification initiatives and engages in research and development and industry partnerships to support product innovation and compliance with evolving standards in Sri Lanka.

AI analysis

bullish

Laxapana's June quarter delivered its strongest comparable margins, while the share remains 16.2% below its three-month level. The tension is improving operations against weak price momentum and limited news.

Read the full report (Aug 8, 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
Dec 24: 1 articles, net +1.00Feb 25: 2 articles, net +0.50Jul 25: 2 articles, net +1.00Oct 25: 4 articles, net +0.29Feb 26: 1 articles, net -1.00Mar 24Jul 24Nov 24Mar 25Jul 25Nov 25
Recent news
View all news →
Daily FT·Oct 9, 2025·Capital raise
E.B. Creasy invests another Rs. 400 m in Lanka Special Steels

E.B. Creasy invested a further Rs.400 million in subsidiary Lanka Special Steels (Rs.300m via ordinary shares and Rs.100m debt-to-equity conversion) and later said it would convert Rs.400m of debt into 29.3m shares at Rs.13.65; negotiations to sell the stake to Laxapana PLC are ongoing.

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.

The stories behind it

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