EquityLK

Mahaweli Reach Hotels Plc

MRH.N0000Moderately overvalued

Hotels & Tourism · Hotels/Resorts/Cruise lines

Mahaweli Reach Hotels PLC owns and operates the Mahaweli Reach Hotel in Kandy, Sri Lanka, providing full-service hospitality including guest accommodation, food and beverage, banqueting and event facilities.

MRH shares are down 29.1% over the past year and last closed at Rs 16.10 on Sep 30, 2026.

Rs 16.10
+0.00%
Price history
-29.07%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-3.1-1.6-13.0+9.4-3.4+3.0-4.0+1.8-5.3+0.0+0.0+0.0
2025+4.7-9.3-2.0-0.5-2.5+0.5+2.6+7.5+9.3-10.2-7.6-1.0
2024+3.3+3.2+0.0+13.1-4.1+4.3-11.6+0.8+16.8-7.2+26.8+19.4
2023-3.2+0.8+5.7+7.8-6.5-6.2+14.8+2.1-5.6-3.7+2.3-8.3
2022-7.5-6.3-20.0-15.8+8.9+0.0+18.2+19.2-6.5-10.3-0.8-3.1
2021-17.2-10.0+3.2-0.8+4.7-2.2+5.3-6.5+23.8+4.3-9.5+13.8
2020-3.8-17.8-4.0+0.0+0.0+1.5-7.2+3.9+0.7-6.7+11.9+19.9
2019+5.1-0.7-2.1-7.2+0.0+0.0+15.5+2.7-2.6+10.7-8.5+4.6
2018+0.0-2.8-1.7-1.7-4.1-3.7-3.8+0.0-2.7-10.3+5.3-1.4
2017-3.8-5.0+0.0+9.5-5.8-1.5+8.3-12.9+1.1-2.2-2.2+2.3
2016-11.2-7.2+10.2-2.7+0.0+2.3-4.4-1.9-1.9+11.1-8.7-1.0
2015-1.3+0.0-8.7+9.5+3.0-3.0+10.9-2.7-7.3-10.0+9.2+10.2
2014+8.7-2.9-1.2+7.2-3.9+14.5+8.1+22.1-3.1-5.6-8.8+7.4
2013-1.9-8.3+4.2+4.1+1.5-9.1-5.3-10.6+0.6+5.6-13.5+8.8
2012+0.0+0.0+0.0-15.5-22.5+15.2+4.7+18.1+6.4-20.0+0.0+5.0
Average-2.2-4.8-2.1+1.2-2.5+1.0+3.5+2.9+1.6-3.9-0.3+5.5
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-2.5-3.9-1.4+1.8-3.0+0.0+4.7+1.8-1.9-6.1-1.5+4.8
% up29%14%29%50%29%47%60%60%47%29%36%64%
P/E
-
P/B
0.62
EPS
Rs -7.73
Div Yield
0.00%
Market Cap
Rs 757.8M
Beta
0.80
ROE
-36.1%
Op Margin
-97.8% (-78.1pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 745.3M
-24.8%
Rs 990.5M
+22.2%
Rs 810.3M
+60.8%
Rs 503.9M
+34.5%
Rs 374.6M
+99.3%
Rs 188.0M
-52.8%
Rs 398.3M
-33.4%
Rs 598.4M
+9.1%
Operating profit
Rs -249.4M
Rs -211.4M
Rs -275.6M
Rs -155.5M
Rs -108.1M
Rs -202.0M
Rs -141.0M
Rs -10.4M
Net profit
Rs -364.0M
loss widened
Rs -216.2M
loss narrowed
Rs -274.7M
loss widened
Rs -12.0M
loss narrowed
Rs -176.6M
loss narrowed
Rs -223.6M
loss widened
Rs -147.3M
loss widened
Rs -41.3M
loss widened
EPS
-7.73
-4.59
-5.84
-0.26
-3.75
-4.75
-3.13
-0.88

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 comparison6 peers in Hotels & Tourism
Sector overview Open in screener
1Palm Garden Hotels Plc
PALM.N0000
Rs 48.30
P/E
-
P/B
1.67
ROE
-18.19%
Yield
0.00%
2Nuwara Eliya Hotels Company Plc
NEH.N0000
Rs 4,382.50
P/E
12.0
P/B
1.29
ROE
11.13%
Yield
0.00%
3Kandy Hotels Company (1938) PLC
KHC.N0000
Rs 12.00
P/E
44.4
P/B
0.89
ROE
1.95%
Yield
0.00%
4Sigiriya Village Hotels PLC
SIGV.N0000
Rs 12.50
P/E
26.0
P/B
1.65
ROE
0.78%
Yield
2.38%
5Hotel Sigirya PLC
HSIG.N0000
Rs 63.90
P/E
19.1
P/B
0.90
ROE
4.69%
Yield
0.00%
6Mahaweli Reach Hotels Plc
MRH.N0000 · this company
Rs 16.10
P/E
-
P/B
0.62
ROE
-36.08%
Yield
0.00%
7Ramboda Falls PLC
RFL.N0000
Rs 24.00
P/E
-
P/B
0.96
ROE
2.20%
Yield
6.25%
Peer median · 6 companies
P/E 22.6P/B 1.12Yield 0.00%

About Mahaweli Reach Hotels Plc

Mahaweli Reach Hotels PLC owns and operates the Mahaweli Reach Hotel in Kandy, Sri Lanka, providing full-service hospitality including guest accommodation, food and beverage, banqueting and event facilities. The property serves both domestic and international tourists and works closely with travel partners and destination management companies to source guests. The company focuses on weddings and events as a key revenue stream and has expanded its wellness offering with the launch of the Nivara Spa. It positions the hotel around experiential travel tied to Kandy’s cultural, natural and heritage attractions while maintaining service standards. Operations are influenced by Kandy’s seasonality and a competitive accommodation market; the company monitors costs and distribution channels and manages relationships with suppliers and travel intermediaries to preserve liquidity and yield.

Tourism

AI analysis

bearish

Mahaweli Reach's June operating margin of -97.8% was its worst comparable June result. The share trades below book value, but revenue, losses and liquidity have deteriorated.

Read the full report (Sep 1, 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
Mar 26: 2 articles, net +0.17Jul 24Nov 24Mar 25Jul 25Nov 25Mar 26
Recent news
View all news →
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·May 19, 2025·Management or board change
Shamil Mendis joins Mahaweli Reach Hotels Board

Mahaweli Reach Hotels PLC has appointed Shamil Mendis as an Independent Non-Executive Director. Mendis is Chairman/Managing Director of Spear Global Holdings and has extensive export and trade council experience.

Tourism

Hotels & Tourism sector: what is happening

Last 14 days to Sep 30, 2026

Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.

The stories behind it

Auto-generated from 6 sector news articles over 14 days. Not investment advice.