Property & Construction · Real Estate Development
Myland Developments PLC is a Sri Lanka-based real estate developer engaged in the acquisition, development and sale of properties for residential and commercial purposes.
MDL shares are up 10.6% over the past year and last closed at Rs 18.80 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +15.0 | +19.1 | -17.9 | +8.4 | -7.8 | -5.8 | -18.4 | +15.6 | -7.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +5.7 | -7.6 | -5.9 | +6.3 | -4.7 | +7.4 | +16.1 | +4.0 | +63.8 | +37.8 | -8.0 | -8.3 |
| 2024 | -10.8 | -1.2 | -4.9 | +3.8 | +7.4 | -4.6 | -1.2 | -4.9 | +7.7 | +6.0 | -13.5 | +13.0 |
| 2023 | -2.1 | +0.0 | +1.1 | +1.1 | -5.3 | +1.1 | +10.0 | -9.1 | +7.8 | -2.1 | -5.3 | +3.3 |
| 2022 | +0.0 | -6.2 | -31.5 | -18.5 | +13.6 | -26.4 | +8.7 | +15.0 | +0.0 | -12.2 | -10.9 | +4.4 |
| 2021 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 |
| Average | +2.0 | +0.8 | -11.8 | +0.2 | +0.6 | -5.6 | +3.0 | +4.1 | +14.5 | +7.4 | -9.4 | +3.1 |
| 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 | +1.8 | -1.2 | -5.9 | +3.8 | -4.7 | -4.6 | +8.7 | +4.0 | +7.7 | +1.9 | -9.5 | +3.9 |
| % up | 50% | 20% | 20% | 80% | 40% | 40% | 60% | 60% | 60% | 50% | 0% | 75% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | Rs 45.7M -6.5% | Rs 48.9M -30.6% | Rs 70.4M +6.0% | Rs 66.4M -73.4% | Rs 249.6M |
| Operating profit | Rs 12.9M | Rs -18.2M | Rs -21.7M | Rs -7.1M | - |
| Net profit | Rs 8.8M turned profitable | Rs -16.8M loss narrowed | Rs -27.2M loss widened | Rs -11.2M fell into loss | Rs 44.7M |
| EPS | 0.24 | -0.46 | -0.75 | -0.31 | 1.49 |
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.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | PLR.N0000 | 38.60 | Rs 36.2B | 15.6 | 3.19 | 2.48 | 20.47% | 2.07% |
| 2 | MHDL.N0000 | 7.00 | Rs 942.8M | - | 1.37 | -0.08 | -0.27% | 0.00% |
| 3 | MDL.N0000 · this company | 18.80 | Rs 681.5M | 78.3 | 4.42 | 0.24 | 5.82% | - |
| Sector median · 32 companies | - | - | 10.2 | 1.09 | - | - | 2.39% |
Myland Developments PLC is a Sri Lanka-based real estate developer engaged in the acquisition, development and sale of properties for residential and commercial purposes. The company purchases land, undertakes land development and blocking out, and markets finished residential land plots with payment plans intended to enhance affordability for middle and low income buyers. Its operations encompass the full development cycle, land acquisition, obtaining regulatory approvals, project implementation and disposal of developed properties. Projects referenced in company reporting include Field Breeze (Divulapitiya), Hartland (Divulapitiya), Serenity Park (Kirindiwela) and Kingsbury (Balummahara), and the company periodically launches new projects to replenish inventory. Myland’s customer base is primarily domestic, focused on middle- and low-income segments in Sri Lanka. Corporate oversight, including strategy and risk management, is provided by the Board of Directors and executive management, and the company’s operations are conducted solely within Sri Lanka.
Myland has returned to quarterly profit, but its 82.9x P/E is the highest in its peer set. The recovery must justify a valuation far above sector norms.
Read the full report (Sep 2, 2026) →No scored news in the last 30 days.
Ambeon Essentials (a subsidiary of Ambeon Capital PLC) has appointed Dr. Sajeeva Narangoda, Aravinda de Silva, Savanth Sebastian and Sujeewa Mudalige to the Board of Harischandra Mills PLC with effect from 12 May.
Myland Developments PLC appointed independent non-executive director Savanth Sebastian as Chairperson of its Board. He brings 21 years of experience in economics and financial services and holds senior roles at Colombo City Holdings and Ambeon Capital.
Myland Developments PLC appointed Dr. Damindra Ranjan Dissabandara to its Board as an Executive Director. Dr. Dissabandara, who is CEO of Colombo City Holdings PLC, has over 25 years' experience in corporate leadership, academia and consultancy.
Myland Developments PLC appointed Savanth Sebastian and Ravi Goonetilleke as Independent Non‑Executive Directors and Dr. Kanchana Narangoda as an Executive Director. The appointees bring experience and links to firms including Ambeon Capital, Colombo City Holdings, Dankotuwa Porcelain, Hemas and Nations Trust Bank.
Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.
Auto-generated from 12 sector news articles over 14 days. Not investment advice.