EquityLK

Palm Garden Hotels Plc

PALM.N0000Overvalued

Hotels & Tourism · Hotels/Resorts/Cruise lines

Palm Garden Hotels PLC is an owner-operator of hospitality properties, principally associated with the Palm Garden Hotel, and operates a multi-location hospitality portfolio across Sri Lanka and the Maldives.

PALM shares are down 40.7% over the past year and last closed at Rs 48.30 on Sep 30, 2026.

Rs 48.30
+0.21%
Price history
-40.66%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+10.6-10.1-15.6+3.9-0.5-3.4-9.3-2.6+1.0+0.0+0.0+0.0
2025+18.1-10.9-9.8+4.7+8.7-1.9-2.8+5.9+1.9-6.9+2.7-12.5
2024-9.6-0.8+13.8+17.6-10.5-6.7-4.7-2.7+13.0-4.2+7.2+55.5
2023-9.2+8.2+0.0-2.6-11.5-14.8+2.8+0.0+4.1-1.7-0.5+4.4
2022-12.5-31.4-44.4-6.2+0.0-6.7+28.3+78.2-13.6-19.7+8.1-1.7
2021+8.7-7.7-8.7-9.9+5.5+21.7+110.7+10.0+12.6+91.5-15.0+0.8
2020-7.4-4.8-24.7+0.0+0.0-5.1-2.7-2.8+14.3-11.5+38.4+7.8
2019+8.6-20.5-2.6+8.1-10.0+11.1+3.5+0.5+5.3+36.1-4.0-5.2
2018-8.0-6.9-0.8-1.6+1.2-5.1-3.7-0.9-7.4+13.7-4.6-4.3
2017+3.2-3.1-14.2+26.1+5.9-3.7+7.1-16.3+0.7+7.1-12.7+14.1
2016-2.9-16.0-3.5+7.0+25.0-17.3+2.7+7.4-9.6-3.9-8.5-3.1
2015-11.2+1.6-19.6+8.9+3.1-5.0+0.0-10.4-4.0-3.1-5.0+0.0
2014+23.5-0.6-6.9+0.7+1.4+24.1+11.3-4.1-5.6-6.9-4.7-1.2
2013-10.7-17.4-7.5-5.8+9.4-11.2-6.4-12.7-2.1+12.7-9.4-12.4
2012+0.0+0.0+0.0-9.9-13.0+26.4-1.9+5.9+2.0-9.1-11.9+0.0
Average+0.1-8.6-10.3+2.9+1.0+0.2+9.0+3.7+0.9+6.7-1.4+3.0
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-5.1-7.3-8.1+2.3+1.3-5.0+0.0-0.9+1.0-3.5-4.6-0.6
% up43%14%7%57%57%27%47%40%60%36%29%36%
P/E
-
P/B
1.67
EPS
Rs -5.65
Div Yield
0.00%
Market Cap
Rs 23.0B
Beta
0.77
ROE
-18.2%
Op Margin
-17.1% (-14.2pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 7.0B
-22.6%
Rs 9.0B
+29.7%
Rs 7.0B
+208.4%
Rs 2.3B
+106.9%
Rs 1.1B
+45.3%
Rs 751.3M
-32.2%
Rs 1.1B
-22.9%
Rs 1.4B
-4.4%
Operating profit
Rs 526.2M
+164.3%
Rs 199.1M
Rs -223.8M
Rs -1.4B
Rs -1.1B
Rs -793.2M
Rs -238.2M
Rs 28.8M
-44.0%
Net profit
Rs -4.1B
loss narrowed
Rs -4.4B
loss narrowed
Rs -9.1B
loss widened
Rs -8.0B
loss widened
Rs -3.5B
loss widened
Rs -2.2B
loss narrowed
Rs -2.5B
loss widened
Rs -1.5B
loss widened
EPS
-5.65
-7.26
-30.98
-116.63
-42.55
-25.74
-35.85
-18.60

Compared with the same period a year earlier.

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

Recent dividends

  • 2013Rs 0.32
Peer comparison6 peers in Hotels & Tourism
Sector overview Open in screener
1Palm Garden Hotels Plc
PALM.N0000 · this company
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
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 0.93Yield 0.00%

About Palm Garden Hotels Plc

Palm Garden Hotels PLC is an owner-operator of hospitality properties, principally associated with the Palm Garden Hotel, and operates a multi-location hospitality portfolio across Sri Lanka and the Maldives. The Group's operations comprise hotel and resort businesses providing accommodation and food and beverage services to leisure and business travellers. Revenue streams include room (apartment) revenue for occupied rooms and restaurant revenue from food and beverage sales, recognised in accordance with the Group's revenue policies. The Group has expanded its regional footprint with a landmark property in the Maldives operating under a globally recognised brand and has progressed construction of additional Maldivian resorts. The Group highlights initiatives in digital and operational transformation, sustainability (energy, water and waste management) and cost and cash-flow discipline as strategic priorities to support profitability and portfolio diversification across its Sri Lankan and Maldivian operations.

Tourism

AI analysis

bearish

Evidence points to a weaker company: June revenue fell 40.3% and debt exceeds owners’ equity. The counterpoint is that June operating margin ranked among its better June readings.

Read the full report (Sep 24, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

1 article in 30 days: 1 positive, 0 negative, 0 neutral.

24 months positive negative 3-month net
Dec 25: 2 articles, net +1.00Jul 26: 2 articles, net -0.83Sep 26: 1 articles, net +1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 23, 2026·Market commentaryNegative
Sri Lanka stocks rise at midday as materials lead turnover

Colombo Stock Exchange indices rose at midday, ASPI +0.52% to 21,163.12, with materials leading turnover (rupees 88.93m) and total turnover rupees 344.22m. Top gainers included Dialog, Commercial Bank, Hemas, HNB, Ceylon Cold Stores and Ambeon; Malwatte Valley, Palm Garden Hotels and Distilleries were top losers; Aitken Spence will allot its oversubscribed 2026 debentures.

Daily FT·Jul 24, 2026·Other
'Data protection tone in firms must be set from the top'

Deputy Minister Eranga Weeraratne urged boards and CEOs to set the tone on data privacy and embed protection into digital systems from the start, calling for stronger digital literacy and investment in secure infrastructure as Sri Lanka expands digital services.

IT & Digital
Daily FT·Jul 15, 2026·Management or board change
Banking veteran Janakan Selvaratnam joins Serendib Hotels Board

Serendib Hotels PLC appointed banking veteran Janakan Selvaratnam as an Independent Director. He has 25 years at Citibank Sri Lanka, consults to Sampath Bank's Board Credit Committee, and serves on the boards of Eden Hotel Lanka and Palm Garden Hotels.

Tourism
Daily FT·Jul 14, 2026·Promotional / marketing
Data Privacy and Protection Summit 2026 announces Mastercard as Title Partner

Mastercard is the Title Partner for the Data Privacy and Protection Summit 2026, scheduled for 23 July at Cinnamon Grand Colombo. With PDPA enforcement imminent, the summit will focus on data governance, AI-related risks and compliance issues relevant to hotel operators and other businesses.

IT & Digital
EconomyNext·Jul 13, 2026·Market commentaryNegative
Sri Lanka stocks back in red, banks see selling

Colombo Stock Exchange fell as the ASPI dropped 1.07% (−233.18 pts) to 21,532.38 amid escalating West Asia tensions. Banks led selling with turnover at 1.04 billion rupees; Palm Garden Hotels reported non-compliance with minimum public holding and People's Leasing listed 59,766,864 scrip shares.

Daily FT·Jun 15, 2026·Other
Top seminar on recent tax changes on 24 June

A seminar on recent mid-year tax reforms will be held on 24 June 2026 at Cinnamon Lakeside, covering increases to CGT, criminalisation of tax offences, new income tax calculations, expanded CGIR powers, digital VAT and lower VAT/SSCL thresholds. It is targeted at hotel management, banking/finance compliance and tax professionals.

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.