EquityLK

Madulsima Plantations PLC

MADU.N0000Overvalued

Plantations & Agriculture · Agricultural Commodities/Milling

Madulsima Plantations PLC is engaged in the cultivation and processing of tea, selling produced tea to domestic and export markets with buyers noted in the EU and Middle Eastern destinations.

MADU shares are down 37.1% over the past year and last closed at Rs 9.00 on Sep 30, 2026.

Rs 9.00
+0.00%
Price history
-37.06%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+4.1-4.0-6.6+8.8-2.4-14.2-1.9-2.0-9.1+0.0+0.0+0.0
2025+12.8-17.0-7.6+1.6+0.0+0.0+2.4+9.4+4.3-6.2-11.8+0.8
2024-7.3+2.0-4.8+2.0+7.9-11.0+8.2+2.9-1.9+13.2+2.5+14.6
2023+1.8-3.5+3.6-4.3-2.7-6.5+15.0-2.6-6.2-6.7+12.2+0.0
2022-0.8-8.8-13.2-4.0+18.9-7.1+47.6+15.5-7.8-18.2-16.3+0.0
2021-1.0-17.2-3.7+6.3+1.2+3.5+9.1-6.3-3.3+16.1-2.0+27.3
2020-8.5-10.8-27.6+0.0+0.0+6.5+22.7+11.1+13.3-2.9+0.0+1.0
2019+17.2-13.3-4.6-3.2-16.7+10.0+25.5-13.0-6.7+25.0+0.0+1.4
2018-8.5-17.8-5.7+9.0-17.4-12.2+1.3-6.3-6.7-7.1-7.7+6.7
2017-21.1-15.0+5.9+42.6-1.3-9.2+31.9+22.0+41.4+24.2-34.4+10.2
2016+0.0-8.9+6.9+9.1-1.2-18.1+14.7-7.7+8.3-3.8-12.0+15.2
2015-0.7-2.1-16.8+2.6-7.7-5.6+7.8-13.6-7.4-2.3-2.3-6.0
2014+10.1-10.8-5.6+27.7-12.4+1.8+0.9+36.2-7.6+20.5-16.5-4.1
2013-6.4-17.8+2.5+21.1-5.4-3.5-4.4-21.5+3.9+15.1-15.6+5.8
2012+0.0+0.0+0.0-6.0-23.6+10.7-6.5+32.2+89.6-14.7-24.7+11.4
Average-0.6-10.4-5.5+8.1-4.5-3.7+11.6+3.8+7.0+3.7-9.2+6.0
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-0.8-10.8-5.2+4.5-2.6-5.6+8.2-2.0-3.3-2.6-9.7+3.6
% up36%7%29%71%21%33%80%47%40%43%14%71%
P/E
-
P/B
2.42
EPS
Rs -0.61
Div Yield
0.00%
Market Cap
Rs 1.5B
Beta
0.75
ROE
8.0%
Op Margin
10.6% (-6.5pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
Rs 4.4B
-6.5%
Rs 4.7B
+16.0%
Rs 4.0B
-3.2%
Rs 4.2B
+34.6%
Rs 3.1B
+9.5%
Rs 2.8B
+41.1%
Rs 2.0B
-6.4%
Rs 2.1B
-17.7%
Operating profit
Rs 670.8M
-33.3%
Rs 1.0B
+54.5%
Rs 650.6M
-32.3%
Rs 961.2M
Rs -38.8M
Rs 186.1M
Rs -587.8M
-
Net profit
Rs 52.2M
-78.6%
Rs 243.7M
turned profitable
Rs -1.0B
loss widened
Rs -203.5M
loss narrowed
Rs -238.2M
loss widened
Rs -200.9M
loss narrowed
Rs -662.9M
loss widened
Rs -600.2M
fell into loss
EPS
0.31
-78.5%
1.44
-6.13
-1.20
-1.41
-1.19
-3.91
-3.54

Compared with the same period a year earlier.

Parent company only. Subsidiaries are not included.

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

Recent dividends

No dividend records.

Peer comparison8 peers in Plantations & Agriculture
Sector overview Open in screener
1Kotagala Plantations Plc
KOTA.N0000
Rs 8.10
P/E
9.0
P/B
1.00
ROE
10.03%
Yield
0.00%
2Maskeliya Plantations Plc
MASK.N0000
Rs 60.00
P/E
5.1
P/B
1.04
ROE
20.42%
Yield
6.67%
3Kegalle Plantations PLC
KGAL.N0000
Rs 127.50
P/E
30.7
P/B
0.61
ROE
2.00%
Yield
2.35%
4Balangoda Plantations PLC
BALA.N0000
Rs 58.40
P/E
7.3
P/B
0.60
ROE
8.17%
Yield
0.86%
5Udapussellawa Plantations PLC
UDPL.N0000
Rs 140.00
P/E
4.0
P/B
0.51
ROE
12.39%
Yield
0.00%
6Hapugastenne Plantations Plc
HAPU.N0000
Rs 54.60
P/E
14.6
P/B
0.59
ROE
4.06%
Yield
0.00%
7Madulsima Plantations PLC
MADU.N0000 · this company
Rs 9.00
P/E
-
P/B
2.42
ROE
8.02%
Yield
0.00%
8Kahawatte Plantations PLC
KAHA.N0000
Rs 15.00
P/E
-
P/B
1.43
ROE
-6.78%
Yield
0.00%
Peer median · 8 companies
P/E 9.0P/B 0.81Yield 0.43%

About Madulsima Plantations PLC

Madulsima Plantations PLC is engaged in the cultivation and processing of tea, selling produced tea to domestic and export markets with buyers noted in the EU and Middle Eastern destinations. The company's estate operations produce and process tea as their principal activity, with revenue disclosed as sale of produce (tea). Beyond tea production, the company maintains forestry plantations for both production and protection objectives, runs a central timber nursery and nursery management for high quality Eucalyptus seed varieties, and conducts replanting and timber harvesting programs on low-yielding tea lands. The group also works with tea smallholders to improve agronomic practices and entrepreneurial skills, and undertakes training and sustainability initiatives; the report notes that Rainforest Alliance certification was obtained for all 12 estates (04/01/2019). The company reports operating segments on a geographical basis; its estate operations are presented across regional segments that include Uva High, Uva Medium and Western High classifications.

Rupee & ForexTea & Plantation Crops

AI analysis

bearish

Madulsima has fallen into a quarterly loss while trading at a 240x P/E, ranked at the top end of its sector. Its share price is also near its 52-week low.

Read the full report (Aug 16, 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
Feb 25: 5 articles, net -0.05Mar 26: 1 articles, net +1.00Jul 24Nov 24Mar 25Jul 25Nov 25Mar 26
Recent news
View all news →
Daily FT·Jun 24, 2026·Market commentary
CSE marginally up on subdued sentiment

The ASPI edged up 0.01% to 22,256.49 with turnover above Rs.1.56bn and foreign investors net-selling Rs.225mn. Hemas, NDB and Hayleys Fibre were top turnover contributors (Hemas and Hayleys up, Panasian Power down).

Daily FT·Mar 4, 2026·Market commentaryPositive
Middle East tensions hit CSE, ends down 5.4% in biggest single-day drop

ASPI plunged 1,290.68 points (-5.4%) to 22,443.38 on Feb 3 after Middle East tensions triggered panic selling and a 30-minute circuit breaker; the S&P SL20 fell 322.32 pts (-4.9%). Turnover was Rs.9.6bn (up 62.9%); foreign investors net sold Rs.59.6m; decliners included COMB, SAMP, HNB, JKH and HAYL, while LIOC, CFLB, BOPL, MRH and MADU were among gainers.

Daily FT·Aug 27, 2025·Market commentary
Colombo stock market rebounds

Colombo market rebounded as the ASPI rose 38 points (+0.2%) and S&P SL20 gained 6 points (+0.1%), with turnover up to Rs.5.1 billion led by Teejay Lanka, Sierra Cables and Sampath Bank. Construction and banking stocks led gains; DFCC, SAMP and DIAL were top index movers and foreigners net bought Rs.56.1m.

Daily FT·Jul 24, 2025·Market commentary
Colombo stock market sustains bull run after CBSL move

Colombo market extended its rally after the Central Bank held policy rates, with the ASPI up 151.15 pts (0.79%) to 19,243. Turnover was Rs.6.23bn (235.33m shares) while foreigners were net sellers (Rs.99.6m); DFCC, Richard Pieris, NDB, Carson, NTB, JKH, Dockyard, Sunshine and RIL were among top contributors/movers.

Interest Rates
Ada Derana·Feb 14, 2025·Promotional / marketingPositive
El Teb Estate: A timeless icon of Sri Lanka’s tea legacy

Madulsima Plantations PLC's El Teb Estate reported an overall profit of Rs. 110.76 million in 2022. The Uva tea estate produces high-quality tea, operates a Pelton hydro-power plant and has invested in forestry, crop diversification and community development.

Tea & Plantation CropsRenewable EnergyExporters
Daily FT·Feb 8, 2025·Management or board change
Harry’s son takes over at Melstacorp and Distilleries; daughter Stasshani at Spence

Hasitha Jayawardena has been appointed Chairman of Melstacorp PLC, Distilleries Company of Sri Lanka PLC and Madulsima Plantations; Stasshani Jayawardena was appointed Chairperson of Aitken Spence Hotel Holdings PLC and named Deputy Chairperson of Lanka Milk Foods (CWE) PLC. Both continue to hold or assume directorships across the group.

Tea & Plantation CropsTourismExporters

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.