Tokyo Cement Company (Lanka) PLC

TKYO.N0000Moderately undervalued

Property & Construction · Construction Materials

Tokyo Cement Company (Lanka) PLC manufactures cement and related building materials for the Sri Lankan market, producing Portland cement, pozzolana cement, masonry cement and ready mixed concrete.

TKYO shares are down 9.4% over the past year and last closed at Rs 80.60 on Sep 30, 2026.

Voting
Rs 80.60
+1.26%
Price history
-9.44%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-1.8-2.7-17.6+7.0-6.5+0.0-7.9-3.8+3.3+0.0+0.0+0.0
2025+13.8-0.1-0.5-5.7-5.3+8.3+9.0+8.4-0.9-3.3+5.4+23.2
2024+0.0+3.3+8.8+3.5+0.0-6.5-2.0-7.1+9.5+12.4+5.4+19.2
2023+15.2+2.4+29.8-9.3-10.5+21.0+14.5+1.2+5.8-10.5-5.1-2.1
2022-0.2-12.8-42.2-11.7-9.4-2.5-3.0+44.9+21.6-17.5+3.0-2.9
2021+10.8-13.1-8.6+4.5+1.0-6.5-1.7-21.4-1.0+2.0+0.2+15.5
2020-6.2-26.7-32.4+0.0+0.0+20.1+12.5+11.1+25.8+19.5+1.6+18.8
2019-6.0-0.9-10.7+3.8+2.8+3.2+39.7+1.9+5.2+35.6+12.7-7.6
2018+1.5-12.7-4.3-1.8-11.3-28.3+2.9-13.9-11.3-5.5+0.0-3.8
2017-2.5+6.9-1.6+14.9+10.3-1.7+1.3-6.5-2.5+2.6-5.6-2.9
2016-14.3-19.3+9.1+12.4-4.1+2.3+10.3+26.0+5.6+1.2+0.7-2.5
2015+2.6-8.4-10.0+2.0-4.1-8.8+10.2+1.7-8.9-4.0+3.1-1.0
2014+23.9-2.0+4.6+6.4+7.0+1.0+4.8+10.1+15.2+9.0-0.3+8.0
2013-5.6-10.7-2.5+2.1+7.9-3.5+4.4-8.8-2.1+15.5-2.2+8.4
2012+0.0+0.0+0.0-2.7-21.1+5.3-6.4+0.0+3.6-5.5-1.1+5.5
Average+2.2-6.9-5.6+1.8-3.1+0.2+5.9+2.9+4.6+3.7+1.3+5.4
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-0.1-5.6-3.4+2.8-4.1+0.0+4.4+1.2+3.6+1.6+0.4+2.3
% up43%21%29%64%36%47%67%53%60%57%57%50%
P/E
14.0
P/B
1.10
EPS
Rs 5.75
Div Yield
3.10%
Market Cap
Rs 32.5B
Beta
1.09
ROE
7.9%
Op Margin
7.3% (-1.2pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 61.0B
+21.8%
Rs 50.1B
+0.6%
Rs 49.8B
-11.8%
Rs 56.5B
+7.6%
Rs 52.5B
+22.2%
Rs 42.9B
+20.1%
Rs 35.8B
-6.9%
Rs 38.4B
+8.2%
Operating profit
Rs 4.7B
-12.1%
Rs 5.4B
+10.5%
Rs 4.9B
-58.6%
Rs 11.8B
+147.8%
Rs 4.8B
-24.4%
Rs 6.3B
+40.2%
Rs 4.5B
+134.9%
Rs 1.9B
-44.3%
Net profit
Rs 2.6B
-25.4%
Rs 3.5B
+42.8%
Rs 2.4B
-51.5%
Rs 5.0B
turned profitable
Rs -452.9M
fell into loss
Rs 5.4B
+133.3%
Rs 2.3B
turned profitable
Rs -463.8M
fell into loss
EPS
5.83
-25.5%
7.83
+42.9%
5.48
-56.0%
12.44
-1.00
13.53
+134.1%
5.78
-1.20

Compared with the same period a year earlier.

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

Recent dividends

  • 2026 · first and finalRs 2.50
  • 2025 · first and finalRs 2.25
  • 2024 · first and finalRs 2.00
  • 2023 · first interimRs 1.50
  • 2021Rs 2.10
  • 2021 · finalRs 0.85
  • 2021Rs 2.10
  • 2021 · first interimRs 1.25
Peer comparison3 peers in Property & Construction
TKYO.N0000 · this company
Rs 80.60
P/E
14.0
P/B
1.10
ROE
7.88%
Yield
3.10%
ALUM.N0000
Rs 15.90
P/E
9.6
P/B
1.77
ROE
18.44%
Yield
2.96%
Rs 201.50
P/E
7.0
P/B
0.99
ROE
14.14%
Yield
2.98%
P/E
9.5
P/B
0.82
ROE
8.65%
Yield
3.39%
Peer median · 3 companies
P/E 9.5P/B 0.99Yield 2.98%

About Tokyo Cement Company (Lanka) PLC

Tokyo Cement Company (Lanka) PLC manufactures cement and related building materials for the Sri Lankan market, producing Portland cement, pozzolana cement, masonry cement and ready mixed concrete. The Group also supplies value-added dry mortar products and operates a nationwide distribution and dealer network. The company operates Sri Lanka’s first automated cement factory and maintains the only ISO certified cement and concrete testing laboratory in the country; it has also developed renewable energy capacity through biomass and large-scale dendro power plants. Tokyo Cement describes itself as a market leader in ready mixed concrete and in value-added dry mortar products and positions its activities as part of a broader value chain supporting the local construction industry. Operations and outreach are focused in Sri Lanka, where the Group engages in community and environmental programmes alongside its manufacturing and energy activities.

AI analysis

neutral

Tokyo Cement is growing sales strongly, but higher costs and below-the-line charges are keeping profit under pressure. The latest quarter points to recovery in demand without a matching earnings recovery.

Read the full report (Aug 9, 2026) →

News sentiment

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

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

24 months positive negative 3-month net
May 25: 1 articles, net +1.00Jun 25: 3 articles, net +0.09Sep 25: 2 articles, net -0.17Nov 25: 1 articles, net -1.00Jun 26: 4 articles, net +0.31Sep 26: 1 articles, net -1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 30, 2026·Market commentaryNegative
CSE continues slide, falls 0.6% to new six-month low

The Colombo ASPI fell 0.6% to 20,817.82, sliding to a six-month low as losers (163) outpaced winners (31) and turnover barely topped Rs.1bn. Top decliners and contributors to the drop included Dialog, Commercial Bank, Overseas Realty, Singer, Tokyo Cement and Ceylinco, while John Keells closed flat.

Ada Derana·Sep 1, 2026·Award or certificationPositive
TOKYO SUPERMIX Secures Triple Honours at Sri Lankan Sustainability Awards 2026

Tokyo Cement Company (Lanka) PLC's ready-mix unit TOKYO SUPERMIX won three awards at the Sri Lankan Sustainability Awards 2026 for Sustainable RMC Brand, Sustainable Green Material Innovation and Sustainable Manufacturing Facility, highlighting its sustainability leadership in ready-mix concrete.

Construction Activity
Daily FT·Aug 8, 2026·Earnings & results
Tokyo Cement posts steady 1Q performance amid gradual market recovery

Tokyo Cement (TKYO) posted 1Q (ended 30 June 2026) turnover of Rs.15.8bn and PAT of Rs.635m, with turnover rising YoY but profitability pressured by higher raw material, insurance and freight costs. The Group said it maintains a conservative short- to medium-term outlook and has 4.0m MT capacity.

Ada Derana·Aug 7, 2026·Earnings & results
Tokyo Cement Posts Steady FY26/27 Q1 Performance Amid Gradual Market Recovery

Tokyo Cement Group reported Q1 (ended 30 Jun 2026) turnover of Rs.15,836m and PAT of Rs.635m (vs turnover Rs.12,544m and PAT Rs.668m a year earlier). Revenue rose on renewed construction activity, but profitability was squeezed by higher raw material, insurance and freight costs amid geopolitical-driven energy and FX pressures.

Fuel & Energy PricesInterest RatesRupee & Forex
EconomyNext·Jul 28, 2026·Market commentaryNegative
Stocks close up on Tuesday, retail leads turnover

Colombo Stock Exchange closed higher, the ASPI rose 0.20% (41.92 pts) to 21,229.14 and turnover was Rs 2.02bn with retail leading at Rs 1.04bn. SANASA Life said escrow proceeds were released and invested in government securities, and Odel restarted construction on Zone 1 of its mall with completion expected in 1.5-2 years.

Construction Activity
Daily FT·Jul 24, 2026·Market commentaryPositive
CSE extends rebound, up 0.24%

Colombo market extended its rebound as the ASPI rose 0.24% (49.81 pts) to 21,199.37 and the S&P SL20 gained 0.22% to 5,945.87, with turnover about Rs.1.1bn and foreigners net sellers of Rs.188.6m. Top contributors included HNB, CARS, CINS, NDB and TKYO; NDB, SAMP and PKME gained while MELS fell and JKH closed flat.

Daily FT·Jul 22, 2026·Award or certification
Sri Lanka Corporate Director Summit kicks off today

Sri Lanka Corporate Director Summit 2026 ('Future-Ready Sri Lankan Directors') kicks off today at Cinnamon Grand Colombo, fully sold out and featuring local and international business leaders, including Tokyo Cement Chairman Dr. Harsha Cabral.

Daily FT·Jul 17, 2026·Award or certification
Global banking, governance and regulatory to headline Sri Lanka Corporate Director Summit 2026

The Sri Lanka Corporate Director Summit 2026 will be held on 22 July 2026 at the Cinnamon Grand Colombo under the theme 'Future-Ready Sri Lankan Directors: From Compliance to Sustainable Growth.' Key speakers include Kalpana Morparia and local governance leaders such as Dr. Harsha Cabral (Chairman, Tokyo Cement) and Harsha Amarasekera (Chairman, CIC Holdings and Sampath Bank).

EconomyNext·Jun 30, 2026·Market commentaryPositive
Sri Lanka stocks down in intra-day trading, utilities lead turnover

Colombo Stock Exchange ASPI fell 0.45% midday to 22,309.09 with turnover of 951.8 million rupees, utilities contributing 448.6 million. Convenience Foods Lanka authorized an 8.00 rupee first-and-final dividend and Tokyo Cement proposed a 2.50 rupee first-and-final dividend.

Property & Construction sector: what is happening

Last 14 days to Sep 30, 2026

Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.

Auto-generated from 12 sector news articles over 14 days. Not investment advice.