Power & Energy · Alternative Power Generation
Panasian Power PLC is a renewable energy producer and independent power producer (IPP) that develops, owns and operates hydro and solar power projects.
PAP shares are down 56.7% over the past year and last closed at Rs 12.50 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.9 | -1.7 | -12.4 | -0.5 | -1.0 | -12.8 | -10.6 | +3.9 | -19.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +55.4 | -12.6 | -7.9 | +15.7 | +75.3 | +9.2 | +14.2 | +0.0 | +64.4 | -8.2 | -3.7 | +0.4 |
| 2024 | -8.8 | +19.4 | +13.5 | -2.4 | +0.0 | -2.4 | +0.0 | -5.0 | +13.2 | +16.3 | +8.0 | +3.7 |
| 2023 | +0.0 | +2.9 | -2.9 | -5.9 | -3.1 | -3.2 | +13.3 | +0.0 | +0.0 | +2.9 | -8.6 | +6.3 |
| 2022 | +3.6 | -15.8 | -22.9 | -2.7 | +2.8 | -8.1 | +2.9 | +8.6 | +10.5 | -9.5 | -5.3 | -5.6 |
| 2021 | -4.9 | -10.3 | +5.7 | -2.7 | +5.6 | +2.6 | +7.7 | +0.0 | +0.0 | +0.0 | +42.9 | -8.3 |
| 2020 | +3.1 | -6.1 | -16.1 | +0.0 | +0.0 | +7.1 | +10.0 | +12.1 | +5.4 | -7.7 | +22.2 | -6.8 |
| 2019 | +0.0 | -3.2 | +0.0 | +0.0 | +0.0 | +6.7 | +6.3 | +5.9 | -5.6 | +2.9 | -5.7 | -3.0 |
| 2018 | +3.7 | +3.6 | -6.9 | +14.8 | +3.2 | -9.4 | +10.3 | -3.1 | -6.5 | +0.0 | +6.9 | +0.0 |
| 2017 | -3.3 | -6.9 | +11.1 | +0.0 | +3.3 | -3.2 | -3.3 | -6.9 | +3.7 | -3.6 | -3.7 | +3.8 |
| 2016 | -2.9 | -3.0 | +3.1 | +3.0 | +0.0 | -2.9 | +0.0 | -3.0 | -3.1 | +0.0 | -3.2 | +0.0 |
| 2015 | +0.0 | +9.4 | +0.0 | +0.0 | +0.0 | -5.7 | +3.0 | +5.9 | -5.6 | +5.9 | -2.8 | -2.9 |
| 2014 | -4.0 | +0.0 | -8.3 | +9.1 | +4.2 | -4.0 | +0.0 | +4.2 | +8.0 | +0.0 | +0.0 | +18.5 |
| 2013 | +8.0 | +0.0 | +0.0 | +3.7 | -3.6 | -11.1 | -4.2 | +4.3 | +8.3 | -3.8 | +0.0 | +0.0 |
| 2012 | +0.0 | +0.0 | +0.0 | -7.7 | -8.3 | +4.5 | +4.3 | +12.5 | +7.4 | -13.8 | -4.0 | +4.2 |
| Average | +2.8 | -1.7 | -3.1 | +1.7 | +5.6 | -2.2 | +3.6 | +2.6 | +5.4 | -1.3 | +3.1 | +0.7 |
| 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 | +0.0 | -2.4 | -1.4 | +0.0 | +0.0 | -3.2 | +3.0 | +3.9 | +3.7 | +0.0 | -3.0 | +0.0 |
| % up | 36% | 29% | 29% | 36% | 43% | 33% | 60% | 53% | 53% | 29% | 29% | 43% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 2.0B +30.2% | Rs 1.5B +3.5% | Rs 1.5B +47.0% | Rs 1.0B +8.4% | Rs 935.5M +28.3% | Rs 729.1M +29.3% | Rs 563.8M -25.9% | Rs 761.3M +55.6% |
| Operating profit | Rs 931.7M +69.5% | Rs 549.8M -1.9% | Rs 560.7M +31.1% | Rs 427.6M +1,796.5% | Rs 22.5M -94.0% | Rs 374.0M +22.9% | Rs 304.2M -41.0% | Rs 515.6M +72.7% |
| Net profit | Rs 1.6B +400.9% | Rs 322.3M +223.4% | Rs 99.7M turned profitable | Rs -460.8M loss widened | Rs -167.8M fell into loss | Rs 268.3M +75.7% | Rs 152.7M -58.9% | Rs 371.3M +143.6% |
| EPS | 1.34 +185.1% | 0.47 +291.7% | 0.12 | -0.77 | -0.31 | 0.38 +58.3% | 0.24 -63.6% | 0.66 +135.7% |
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 | WIND.N0000 | 40.00 | Rs 54.2B | 35.7 | 2.07 | 1.12 | 5.79% | 0.00% |
| 2 | VLL.N0000 | 22.10 | Rs 22.8B | 13.1 | 2.22 | 1.69 | 16.94% | 2.26% |
| 3 | VPEL.N0000 | 15.00 | Rs 11.2B | 8.7 | 3.19 | 1.73 | 36.95% | 4.00% |
| 4 | PAP.N0000 · this company | 12.50 | Rs 7.8B | 8.6 | 3.47 | 1.46 | 40.28% | 1.43% |
| 5 | LVEF.N0000 | 5.90 | Rs 4.5B | 29.2 | 0.66 | 0.20 | 3.96% | 0.00% |
| 6 | LPL.N0000 | 10.70 | Rs 4.0B | 189.7 | 1.83 | 0.06 | 17.14% | 0.00% |
| 7 | HPWR.N0000 | 8.90 | Rs 3.8B | 24.7 | 1.46 | 0.36 | 6.11% | 1.74% |
| 8 | HPFL.N0000 | 11.40 | Rs 1.2B | - | 1.89 | -0.24 | -4.02% | 6.84% |
| Peer median · 7 companies | - | - | 27.0 | 1.89 | - | - | 1.74% |
Panasian Power PLC is a renewable energy producer and independent power producer (IPP) that develops, owns and operates hydro and solar power projects. The Company supplies electricity exclusively to the national grid under long‑term power purchase agreements with the National System Operator (Pvt) Ltd and manages the lifecycle operation of its renewable energy assets. The Company's operational portfolio comprises mini‑hydro, ground‑mounted solar and rooftop solar projects, delivering a diversified generation mix that supports generation resilience and contributes to national energy security. Its project portfolio includes multiple commissioned mini‑hydro and solar plants and is managed alongside plant operations and maintenance activities. In addition to project development and power generation, Panasian Power provides Engineering, Procurement and Construction (EPC) services, enabling end‑to‑end delivery of energy projects with an emerging regional EPC footprint in the Maldives and Bangladesh. The Group's operations are primarily in Sri Lanka, and its strategy integrates climate‑related considerations and ESG oversight into planning and decision‑making.
Panasian Power’s latest quarter showed a sharp operating rebound, but the stock remains 20.0% lower over three months. Strong earnings momentum is offset by heavy leverage and a premium book valuation.
Read the full report (Aug 12, 2026) →No scored news in the last 30 days.
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CSE ended an eight-session slide as the ASPI rose 0.31% to 21,765.56 and the S&P SL20 gained 0.25% to 6,081.43. Turnover topped Rs.2bn with foreign net outflows of Rs.673mn; top contributors included Ceylon Cold Stores, Haycarb, John Keells and RIL, while banks (Commercial Bank, Sampath) led turnover.
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).
ASPI fell 0.4% (85.70 pts) to 21,461.47 as selling pressure reversed early gains; turnover was below Rs.1.7bn and foreign investors were net buyers of Rs.55.9m. Major negative contributors were C T Holdings, Melstacorp, Ambeon, Access Engineering and Central Finance, while John Keells, Chevron Lubricants and Commercial Bank were top turnover names.
Panasian Power (PAP.N0000) connected its 5MW ground-mounted Baddegama solar plant to the national grid on Dec 30, with its subsidiary starting revenue generation and adding 5MWac/6.76MWp to the grid.
Panasian Power PLC connected a 5 MW (6.76 MWp DC) ground-mounted solar plant at Baddegama to the national grid on 30 December 2025 and has commenced revenue generation via a subsidiary. The plant is the final 5 MW unit under a batch of seven PPAs and the share price closed up Rs.0.40 at Rs.23.40.
Panasian Power (PAP.N0000) connected its 5MW ground-mounted Uda Aparakke solar plant to the Matara Grid Substation on Nov 17 and begins revenue generation, adding 5MWac/6.76MWp to the national grid. It is the sixth of seven 5MW projects the company has PPAs for with the Ceylon Electricity Board.
Panasian Power (PAP.N0000) connected a 5MWac (6.76MWp DC) ground-mounted solar plant at Uda Aparakke to the national grid, starting commercial revenue. It is the sixth 5MW plant under seven PPAs signed in Q3 2024, with one project still under development.
Rising global oil prices prompted a Rs41 billion diesel subsidy for Oct-Dec and Rs17.2 billion in electricity-bill relief, cushioning end-user energy costs while increasing reliance on budget support rather than tariff cost recovery. New rooftop solar applicants were shifted to Net Plus, limiting grid-cost cross-subsidies by requiring users to meet their own nighttime demand. The sector also advanced a four-block Mannar Basin oil and gas licensing round.
Auto-generated from 34 sector news articles over 14 days. Not investment advice.