Diversified Holdings · Industrial Conglomerates
Melstacorp PLC is a diversified conglomerate domiciled in Sri Lanka with significant presence across Beverages, Tourism, Maritime, Freight & Logistics, Plantations, Financial Services, Strategic Investments and other services.
MELS shares are up 9.5% over the past year and last closed at Rs 185.00 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.0 | +0.1 | -9.1 | +8.3 | +3.6 | +0.3 | -4.5 | +5.3 | -2.6 | +0.0 | +0.0 | +0.0 |
| 2025 | +6.7 | +0.8 | -4.0 | +4.1 | +12.1 | -1.5 | +8.9 | +2.5 | +4.3 | +11.8 | -3.2 | -5.4 |
| 2024 | -4.5 | +9.3 | -0.6 | +4.5 | -4.3 | -3.5 | -5.7 | -6.4 | +13.6 | +12.7 | +10.2 | +16.3 |
| 2023 | +11.6 | +11.3 | -7.1 | +0.4 | -3.6 | +10.6 | +33.3 | +1.2 | +10.1 | -10.3 | +1.9 | +6.7 |
| 2022 | +9.6 | -13.0 | -27.0 | -2.8 | +16.1 | -13.9 | +5.8 | +42.1 | -4.0 | -15.9 | +5.4 | -2.1 |
| 2021 | +27.9 | -24.1 | -12.9 | +2.7 | +4.0 | -1.7 | +12.6 | -2.5 | +18.3 | -4.2 | -6.1 | +3.7 |
| 2020 | -12.4 | -8.1 | -32.9 | +0.0 | +0.0 | +10.7 | -8.7 | -2.8 | +25.5 | -5.8 | +29.8 | +23.2 |
| 2019 | -10.5 | -2.2 | -18.2 | +2.8 | +8.1 | +5.0 | +7.1 | -0.9 | -0.4 | +1.4 | -0.9 | -2.5 |
| 2018 | +2.5 | +4.9 | -9.2 | -0.2 | -5.2 | -5.1 | -5.2 | +2.6 | -1.6 | -2.0 | +9.2 | -6.0 |
| 2017 | +0.0 | -0.6 | -9.2 | +16.4 | -2.5 | +3.0 | -3.6 | -10.5 | -0.8 | -1.7 | -1.7 | +4.4 |
| 2016 | +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 | +4.1 | -2.2 | -13.0 | +4.0 | +3.1 | +0.4 | +4.0 | +3.1 | +6.2 | -1.6 | +5.0 | +4.3 |
| 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 | +6.0 | -0.2 | -9.2 | +2.8 | +3.6 | -0.6 | +1.1 | +0.1 | +1.9 | -2.0 | +1.9 | +3.7 |
| % up | 67% | 50% | 0% | 78% | 56% | 50% | 50% | 50% | 50% | 33% | 56% | 56% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 286.0B +9.6% | Rs 260.9B +10.7% | Rs 235.7B +32.4% | Rs 178.1B +67.9% | Rs 106.1B +36.6% | Rs 77.7B -49.7% | Rs 154.5B +55.6% | Rs 99.3B +122.0% |
| Operating profit | Rs 45.3B +1.5% | Rs 44.7B +15.1% | Rs 38.8B -19.0% | Rs 47.9B +111.4% | Rs 22.7B +95.2% | Rs 11.6B -15.2% | Rs 13.7B -17.9% | Rs 16.7B +95.9% |
| Net profit | Rs 26.3B +17.9% | Rs 22.3B +75.1% | Rs 12.7B -44.6% | Rs 23.0B +30.2% | Rs 17.6B +607.2% | Rs 2.5B -43.7% | Rs 4.4B -52.7% | Rs 9.4B +49.6% |
| EPS | 16.89 +15.1% | 14.67 +78.3% | 8.23 -44.3% | 14.78 +57.1% | 9.41 +122.5% | 4.23 +31.4% | 3.22 -33.2% | 4.82 -14.5% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | JKH.N0000 | 18.70 | Rs 331.8B | 22.7 | 0.80 | 0.82 | 3.49% | 1.60% |
| 2 | MELS.N0000 · this company | 185.00 | Rs 215.6B | 10.7 | 1.29 | 17.34 | 12.13% | 4.41% |
| 3 | HAYL.N0000 | 225.50 | Rs 179.3B | 12.1 | 1.52 | 18.71 | 13.67% | 2.66% |
| 4 | CARS.N0000 | 720.00 | Rs 141.4B | 15.5 | 1.29 | 46.35 | 8.68% | 1.76% |
| 5 | CTHR.N0000 | 540.00 | Rs 108.8B | 13.9 | 2.91 | 38.92 | 20.99% | 2.82% |
| 6 | VONE.N0000 | 88.80 | Rs 101.1B | 7.2 | 0.81 | 12.27 | 11.20% | 1.69% |
| 7 | HHL.N0000 | 31.00 | Rs 92.9B | 10.7 | 1.66 | 2.89 | 15.53% | 3.23% |
| 8 | BUKI.N0000 | 846.00 | Rs 86.3B | 19.4 | 1.09 | 43.50 | 6.34% | 2.38% |
| Peer median · 7 companies | - | - | 13.9 | 1.29 | - | - | 2.38% |
Melstacorp PLC is a diversified conglomerate domiciled in Sri Lanka with significant presence across Beverages, Tourism, Maritime, Freight & Logistics, Plantations, Financial Services, Strategic Investments and other services. The Group’s portfolio includes eight listed companies such as Distilleries Company of Sri Lanka PLC (DCSL), Aitken Spence PLC, Aitken Spence Hotels Holdings PLC, Balangoda Plantations PLC, Madulsima Plantations PLC, Elpitiya Plantations PLC, Aitken Spence Plantation Management PLC and Browns Beach Hotels PLC. The Beverage sector is led by DCSL and covers production, distribution and sale of alcoholic beverages. The Group’s Tourism and hotel businesses operate locally and through overseas hotel properties, while Maritime, Freight & Logistics activities include port management, cargo handling and freight forwarding. Plantations focus on tea and rubber cultivation and estate management, and Financial Services comprise insurance and money transfer operations including Continental Insurance, the Aitken Spence insurance operations and MMBL Money Transfer. Melstacorp also manages a portfolio of strategic investments and a range of other services; during the year the Group undertook portfolio realignment, including ceasing operations in certain subsidiaries and divesting specific interests to focus on core sectors.
Melstacorp combines improving annual earnings and a 5.2% dividend yield with a latest-quarter slowdown in operating profit. The key tension is stronger net profit despite weaker operating performance.
Read the full report (Aug 27, 2026) →Higher than 13% of its last 23 months · 7 of 9 in its sector
13 articles in 30 days: 3 positive, 9 negative, 1 neutral.
Colombo Stock Exchange opened higher as the ASPI rose 30.69 points to 21,068.04 (up 0.15%); market turnover was 57.56 million rupees. Vidullanka said project companies it holds equity in won bids to install 18.7 MW/93 MWh of BESS, with its estimated equity share about 600 million rupees.
The Colombo bourse fell to a near six-month low as the ASPI dropped 0.37% to 20,979.18 and the S&P SL20 fell 0.33% to 5,909.45. Market turnover was over Rs.750m, foreign investors were net buyers of Rs.19.1m, and top ASPI decliners included BREW, MELS, CTHR, CINS and HNB.
Colombo Stock Exchange ASPI rose 0.16% to 21,056.26 on Friday (S&P SL20 up 0.07%) while the ASPI ended the week down 326.48 points. Market turnover was Rs 1.34bn; People's Leasing plans to list Rs 10bn of 13.75% debentures and DFCC Bank allotted its Rs 12.5bn Tier-2 debenture issue.
The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.
Colombo Stock Exchange fell as the ASPI dropped 0.47% (−100.30 pts) to 21,033.11 and the S&P SL20 fell 0.30% to 5,929.45; market turnover was LKR 1.33bn, led by capital goods (LKR 282.3m). Investors cited slowing GDP momentum, US midterms and possible crude oil price rises as factors.
Colombo market slipped 0.61% to a six-week low as the ASPI closed at 21,133.41 amid rising oil prices and fears of an interest-rate hike; 172 counters fell, turnover was over Rs.1.6bn and foreign investors were net sellers of Rs.8m.
Colombo Stock Exchange closed lower, with the ASPI down 0.24% (51.79 pts) at 21,262.13 on Rs2.23 billion turnover. SMB Finance, Watawala, Sampath Bank and Lion Brewery were top positive contributors while Dialog, Melstacorp and Commercial Bank led declines; a mandatory offer for Industrial Asphalts fell through after the SEC refused a share transfer due to the company being on the CSE watchlist.
Colombo market slipped as the ASPI closed down 0.50% (108.26 pts) at 21,357.74 and the S&P SL20 fell 0.50% to 6,003.92 amid concern over Middle East tensions and rising oil prices. Top negative contributors were MELS.N0000, BREW.N0000, DIAL.N0000, CARS.N0000 and CARG.N0000; turnover was over Rs.1.45bn.
Colombo Stock Exchange closed down as the ASPI fell 0.25% (down 53.01 pts) to 21,489.22 on Wednesday, with market turnover at LKR 972.23 mn and capital goods leading turnover at LKR 283.19 mn. HNB Finance appointed four new independent/non-executive directors effective Sept 8, 2026; its shares closed down 1.20% at 8.20 rupees.
The CSE recorded a record net foreign outflow of Rs.19.46 billion in August, lifting YTD net foreign outflows to Rs.55.7 billion through August 2026. United Motors (UML.N0000), Melstacorp (MELS.N0000) and Seylan Bank (SEYB.N0000) saw net foreign buying while Cargills (CARG.N0000) faced Rs.4.07 billion of net foreign selling.