EquityLK

Tess Agro PLC

TESS.N0000Overvalued

Consumer & Retail · Food: Meat/Fish/Dairy

Tess Agro PLC operates cold chain, seafood processing and related businesses in Sri Lanka and maintains a branch in Belgium to support EU distribution.

TESS shares are up 12.5% over the past year and last closed at Rs 1.80 on Sep 30, 2026.

Voting
Rs 1.80
+5.88%
Price history
+12.50%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+33.3+10.0-18.2+16.7-4.8-5.0+0.0+0.0-10.5+0.0+0.0+0.0
2025+0.0-8.3+0.0-9.1+10.0+0.0+9.1+25.0+6.7+12.5-5.6-11.8
2024+0.0+0.0-9.1+0.0+10.0-9.1+0.0+0.0+0.0+10.0-9.1+20.0
2023+0.0-8.3+0.0+0.0-18.2+11.1+10.0+9.1-16.7+10.0+0.0+0.0
2022+86.7-28.6-35.0-15.4+36.4-6.7-7.1+15.4+20.0-16.7-6.7-14.3
2021+16.7+0.0-28.6+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+114.3
2020+0.0-16.7-40.0+0.0+0.0+0.0+20.0-16.7+40.0-28.6+20.0+0.0
2019+0.0+0.0-20.0+25.0-20.0+25.0+0.0+0.0+0.0+20.0+16.7-14.3
2018-8.3-9.1-10.0+11.1-30.0-14.3+0.0+0.0-16.7+20.0-16.7+0.0
2017-7.1-23.1+0.0+40.0+0.0+0.0-7.1+0.0-7.7+8.3-15.4+9.1
2016-6.3-13.3-23.1+80.0-11.1-12.5+21.4-11.8+6.7+0.0-18.8+7.7
2015+0.0+12.5-16.7+6.7-6.3+0.0+13.3+5.9-5.6+5.9+0.0-11.1
2014+7.7-7.1+0.0+0.0-7.7+16.7+0.0+21.4+0.0-5.9+0.0+0.0
2013+0.0-8.3-9.1+15.0-4.3-9.1-5.0-10.5+0.0-5.9-6.3-13.3
2012+0.0+0.0+0.0-18.5-13.6+26.3+0.0+12.5+11.1-16.7-16.0+14.3
Average+8.8-7.2-15.0+11.7-4.6+1.6+3.9+3.6+2.0+0.9-4.1+7.2
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+0.0-8.3-13.3+6.7-6.3+0.0+0.0+0.0+0.0+2.9-5.9+0.0
% up29%14%0%54%23%29%36%43%36%50%14%36%
P/E
34.2
P/B
2.69
EPS
Rs 0.05
Div Yield
0.00%
Market Cap
Rs 1.5B
Beta
1.74
ROE
5.8%
Op Margin
-25.9% (+92.9pp)

Fundamentals

LineFY2026FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue
Rs 24.6M
Rs 11.6M
+367.7%
Rs 2.5M
-50.2%
Rs 5.0M
-20.2%
Rs 6.3M
-96.7%
Rs 189.5M
-39.0%
Rs 310.6M
-6.9%
Rs 333.5M
-11.7%
Operating profit
Rs 37.3M
Rs 4.6M
-69.2%
Rs 15.1M
Rs -38.0M
Rs -51.6M
Rs -35.0M
Rs -17.8M
Rs -51.7M
Net profit
Rs 16.4M
Rs -6.9M
fell into loss
Rs 6.8M
turned profitable
Rs -40.9M
loss narrowed
Rs -61.4M
loss narrowed
Rs -74.8M
loss widened
Rs -49.9M
loss narrowed
Rs -62.4M
loss widened
EPS
0.02
-0.01
0.02
-0.10
-0.14
-0.19
-0.16
-0.20

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 Consumer & Retail
Sector overview Open in screener
1Harischandra Mills PLC
HARI.N0000
Rs 5,010.00
P/E
27.5
P/B
4.69
ROE
17.05%
Yield
1.46%
2Renuka Foods Plc
COCO.N0000
Rs 22.20
P/E
13.7
P/B
1.24
ROE
8.73%
Yield
0.85%
3Convenience Foods Lanka PLC
SOY.N0000
Rs 1,952.00
P/E
7.4
P/B
1.30
ROE
17.56%
Yield
0.41%
4Raigam Wayamba Salterns Plc
RWSL.N0000
Rs 17.90
P/E
17.7
P/B
1.51
ROE
8.50%
Yield
2.79%
5Keells Food Products PLC
KFP.N0000
Rs 161.25
P/E
17.2
P/B
1.93
ROE
11.26%
Yield
2.91%
6Maharaja Foods Plc
MFPE.N0000
Rs 14.70
P/E
54.4
P/B
4.50
ROE
8.55%
Yield
1.33%
7Tess Agro PLC
TESS.N0000 · this company
Rs 1.80
P/E
34.2
P/B
2.69
ROE
5.81%
Yield
0.00%
Peer median · 6 companies
P/E 17.5P/B 1.72Yield 1.40%

About Tess Agro PLC

Tess Agro PLC operates cold chain, seafood processing and related businesses in Sri Lanka and maintains a branch in Belgium to support EU distribution. The company provides cold chain facilities for perishables and is engaged in the export of marine products (and, as noted in its activity line, fruits and vegetables). The group operates an EU‑licensed fish processing hub and states its facilities comply with EU and US food safety regulations; its processing and export focus includes yellowfin tuna, swordfish and reef fish supplied to markets such as the European Union, the United States and Japan. Tess Belgium imports and supplies seafood within the EU to end users including restaurants, supermarkets and hotels. Tess Agro also manufactures tin cans under the Agro Tin Tech project at a Peliyagoda, Kelaniya production facility and provides construction and warehousing services, including leased warehouses and multiple coldchain and storage locations in Sri Lanka. The company lists its head office and manufacturing plant at 87, New Nuge Road, Kelaniya.

Exporters

AI analysis

bearish

Evidence points bearish: Tess remains loss-making and trades at 42.6 times earnings. The latest quarterly loss narrowed by LKR 3.1 million.

Read the full report (Sep 14, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Positive news flow

3 articles in 30 days: 0 positive, 1 negative, 2 neutral.

24 months positive negative 3-month net
Sep 25: 1 articles, net +1.00Oct 25: 2 articles, net +0.50Jan 26: 3 articles, net +0.33Feb 26: 5 articles, net +0.40Mar 26: 1 articles, net +1.00Sep 26: 3 articles, net -0.09Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 7, 2026·Market commentaryNegative
Sri Lanka stocks trend up on Monday

Sri Lanka's ASPI rose 0.17% to 21,657.17 in early trading while the S&P SL20 gained 0.54% to 6,091.65 on turnover of Rs 446 million. Several firms were placed or moved to the watchlist for non-submission of FY2026 annual reports (SHL, HELA, MEL, LGL, EXT, BFN, TESS, EMER); top gainers included DIAL, HNB, COMB, AEL, ACL and top losers HAYC, DOCK, BIL, CCS.

EconomyNext·Jul 21, 2026·Market commentary
Stocks up at Tuesday midday, food and beverage leads turnover

Colombo Stock Exchange ASPI was up 0.06% at midday (13.19 pts to 21,221.29) with market turnover LKR 358.7m and Food, Beverage & Tobacco leading turnover at LKR 201.3m. Positive contributors included John Keells, Dialog, Aitken Spence and Browns; HNB, DFCC and Ceylon Grain were top negatives; Tess Agro listed 125,000,000 shares effective July 21, 2026.

Consumer Staples (FMCG)
Daily FT·Mar 26, 2026·Market commentaryPositive
CSE extends rebound to second session with new single-day points gain benchmark

CSE extended its rebound as the ASPI rose 3.79% (797.62 pts) to 21,868.85, with market value gaining Rs.284.1 billion in the session and recouping about 48% of the Rs.1.1 trillion loss since the Middle East conflict began. Commercial Bank, Hatton National Bank, Melstacorp, John Keells and Hayleys led gains; turnover topped Rs.6.4bn and foreigners were net sellers (Rs.525m).

Consumer Staples (FMCG)Fuel & Energy Prices
Daily FT·Feb 20, 2026·Market commentary
CSE dips despite net foreign inflow after 22 days

Colombo bourse dipped as the ASPI fell 0.21% to 23,870.07 despite net foreign inflows of Rs.37 million after 22 days of outflows. Capital goods led turnover; John Keells and Hayleys rose while Sampath, Colombo Dockyard, Dialog, DFCC and Commercial Bank were among the negative contributors.

Daily FT·Feb 19, 2026·Capacity or capexPositive
Tess Agro commissions Rs. 60 m rooftop solar project in Kerawalapitiya

Tess Agro PLC commissioned a 380 kWp rooftop Solar PV project at its Kerawalapitiya warehouse, connected to the national grid on 15 Jan 2026 after a Rs. 60 million investment. The installation raises the company's total Solar PV capacity to 460 kWp and aims to cut energy costs and emissions.

Renewable Energy

Consumer & Retail sector: what is happening

Last 14 days to Sep 30, 2026

Consumer retail faced pressure from accelerating food, transport and housing inflation, with petrol a major contributor to the rise in national prices and purchasing power weakened by higher energy costs and tax hikes. Wholesale and retail activity nevertheless helped drive faster services-sector expansion in August. Specialist retail also consolidated as Blink International acquired Wrist Lab, combining retail, distribution and after-sales networks.

The stories behind it

Auto-generated from 8 sector news articles over 14 days. Not investment advice.