CSE filing·Sep 24, 2026
CHANGES TO COMMITTEE COMPOSITIONSPlantations & Agriculture · Agricultural Commodities/Milling
Tea Smallholder Factories PLC processes green leaves purchased from tea smallholders and sells processed black tea. The Company’s operations consist of multiple tea factories in Sri Lanka’s low-grown region and a corporate office in Colombo.
TSML shares are down 35.3% over the past year and last closed at Rs 34.30 on Sep 30, 2026.
Rs 34.30
+0.00%Price history
-35.28%
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.2 | -2.1 | -18.9 | +15.3 | -3.4 | -8.9 | -10.2 | +4.6 | -4.6 | +0.0 | +0.0 | +0.0 |
| 2025 | +0.9 | -1.8 | -8.3 | -2.5 | +2.6 | +4.5 | +2.9 | +29.1 | -1.6 | -2.9 | -6.4 | -5.2 |
| 2024 | -2.2 | +6.7 | -3.5 | -1.0 | +2.2 | -1.4 | -0.7 | -6.1 | +3.9 | +2.5 | +2.0 | +5.3 |
| 2023 | -8.4 | +2.1 | -1.7 | -11.5 | -5.8 | -1.3 | +29.4 | -2.6 | -1.2 | -8.1 | +1.1 | -7.6 |
| 2022 | -8.8 | -7.8 | -11.7 | +17.7 | -10.7 | +21.4 | +18.5 | +41.5 | +53.4 | -11.3 | -36.4 | +1.4 |
| 2021 | +2.2 | -12.6 | +13.9 | -12.0 | -4.7 | +1.2 | -1.4 | -5.8 | +8.4 | +7.7 | -9.3 | +6.7 |
| 2020 | +4.7 | -10.1 | -26.3 | +0.0 | +0.0 | +4.8 | +8.6 | -6.2 | +20.5 | +0.3 | -2.0 | +2.8 |
| 2019 | +13.9 | -14.8 | +0.0 | +0.0 | +19.6 | -14.5 | +18.7 | -3.2 | +0.0 | +0.0 | +0.3 | -4.5 |
| 2018 | -0.7 | -13.1 | -1.4 | -5.9 | +0.0 | -13.1 | -9.4 | -1.6 | -3.2 | +12.5 | -15.9 | +4.4 |
| 2017 | +0.0 | -2.9 | +3.0 | +22.5 | +15.6 | +4.4 | +7.6 | -8.6 | +14.6 | +9.8 | -6.6 | -2.4 |
| 2016 | -3.3 | -21.2 | -13.0 | +80.0 | -24.4 | +0.7 | -5.1 | -1.9 | -9.8 | +2.2 | +2.1 | +0.0 |
| 2015 | -7.5 | +4.0 | -16.8 | +9.7 | -6.9 | -10.5 | +7.4 | +2.7 | -6.7 | +4.3 | -12.3 | -5.6 |
| 2014 | +14.1 | -7.5 | -2.8 | +6.9 | -8.6 | +9.6 | +7.2 | +0.0 | +11.9 | +15.6 | -19.2 | +10.7 |
| 2013 | +0.0 | -12.5 | +7.1 | +9.8 | +3.2 | +1.6 | -15.8 | +5.3 | -4.1 | -6.8 | -14.4 | -2.8 |
| 2012 | +0.0 | +0.0 | +0.0 | -12.2 | +9.1 | -3.0 | -8.1 | +6.7 | +34.8 | -21.8 | -4.0 | +6.4 |
| Average | +0.6 | -6.7 | -6.2 | +9.0 | -0.9 | -0.3 | +3.3 | +3.6 | +8.3 | +0.3 | -8.6 | +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 | -7.6 | -3.5 | +6.9 | -1.7 | +0.7 | +2.9 | -1.6 | +1.3 | +2.2 | -6.5 | +1.4 |
| % up | 46% | 21% | 23% | 54% | 43% | 53% | 53% | 40% | 50% | 62% | 29% | 54% |
P/E
6.4
P/B
0.54
EPS
Rs 5.35
Div Yield
0.00%
Market Cap
Rs 1.0B
Beta
1.20
ROE
8.5%
Op Margin
3.8% (-1.1pp)
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 3.3B +18.6% | Rs 2.8B -8.5% | Rs 3.1B -18.4% | Rs 3.7B +85.5% | Rs 2.0B -14.0% | Rs 2.3B +11.2% | Rs 2.1B -2.9% | Rs 2.2B -19.0% |
| Operating profit | Rs 50.9M +104.4% | Rs 24.9M | Rs -47.5M | Rs 391.4M | Rs -257.0K | Rs 72.2M | Rs -9.2M | Rs -22.9M |
| Net profit | Rs 165.7M +667.1% | Rs 21.6M +246.7% | Rs 6.2M -97.8% | Rs 278.5M +1,718.9% | Rs 15.3M -77.0% | Rs 66.5M -36.1% | Rs 104.1M +102.8% | Rs 51.3M -79.0% |
| EPS | 5.52 +666.7% | 0.72 +242.9% | 0.21 -97.7% | 9.28 +1,719.6% | 0.51 -77.0% | 2.22 -36.0% | 3.47 +102.9% | 1.71 -79.0% |
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
- 2025 · first interimRs 0.21
- 2023 · first interimRs 6.67
- 2022 · first interimRs 1.00
- 2021 · first interimRs 1.50
- 2019 · first and finalRs 1.70
- 2018Rs 2.00
- 2018Rs 1.70
- 2017Rs 1.70
Peer comparison3 peers in Plantations & Agriculture
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | RAL.N0000 | 11.20 | Rs 8.9B | 9.1 | 1.77 | 1.24 | 10.50% | 0.89% |
| 2 | MCPL.N0000 | 52.50 | Rs 1.8B | 15.2 | 2.16 | 3.46 | 13.92% | 5.79% |
| 3 | EMER.N0000 | 10.10 | Rs 1.2B | - | 0.60 | -0.71 | -2.29% | 0.00% |
| 4 | TSML.N0000 · this company | 34.30 | Rs 1.0B | 6.4 | 0.54 | 5.35 | 8.45% | 0.00% |
| Peer median · 3 companies | - | - | - | 1.77 | - | - | 0.89% |
RAL.N0000
Rs 11.20
P/E
9.1
P/B
1.77
ROE
10.50%
Yield
0.89%
MCPL.N0000
Rs 52.50
P/E
15.2
P/B
2.16
ROE
13.92%
Yield
5.79%
EMER.N0000
Rs 10.10
P/E
-
P/B
0.60
ROE
-2.29%
Yield
0.00%
TSML.N0000 · this company
Rs 34.30
P/E
6.4
P/B
0.54
ROE
8.45%
Yield
0.00%
Peer median · 3 companies
P/E -P/B 1.77Yield 0.89%
About Tea Smallholder Factories Plc
Tea Smallholder Factories PLC processes green leaves purchased from tea smallholders and sells processed black tea. The Company’s operations consist of multiple tea factories in Sri Lanka’s low-grown region and a corporate office in Colombo. The business is organised around regional factory operations that convert smallholder green leaf into bulk black tea for sale; operations include factories located in Galle, Nuwara Eliya and Ratnapura. Certain factories have been leased out during the period under review (for example the New Panawenna Tea Factory), which has affected regional sales volumes. The Company prepares its financial statements in accordance with Sri Lanka Accounting Standards and references Global Reporting Initiative principles in its integrated reporting; governance and financial reporting are subject to Board review and independent external audit.
AI analysis
bullishEvidence points to a stronger company: audited profit rose 667% and debt remains light, while the price is modest against book. The catch is June-quarter profit fell 22% despite higher sales.
Read the full report (Sep 24, 2026) →News sentiment
Describes news flow, not a forecastLast 30 days
Not enough news to read
1 article in 30 days: 0 positive, 0 negative, 1 neutral.
24 months positive negative 3-month net
Recent news
CSE filing·Sep 23, 2026
CHANGE OF AUDITORSCSE filing·Aug 6, 2026
APPOINTMENT OF DIRECTOR AND CHANGES TO COMMITTEE COMPOSITIONSCSE filing·Jul 30, 2026
CORPORATE DISCLOSURE IN TERMS OF SECTION 9.8.3. (ix) OF THE LISTING RULES OF THE COLOMBO STOCK EXCHANGE-REDESIGNATION OF MR.DHARMARAJAHCSE filing·Sep 26, 2025
COMPOSITION OF BOARD SUBCOMMITTEESTea & Plantation Crops
Daily FT·Sep 2, 2025·Management or board change
Central Industries appoints new Chairman, Non-Executive DirectorsCentral Industries PLC appointed C.S. Hettiarachchi as Non-Executive Chairman and Thilini Wathsala Weerasinghe and Dushan Virantha as Non-Executive Directors. Weerasinghe and Virantha hold senior roles at Central Finance Company PLC and Hettiarachchi is also a director of Tea Smallholder Factories PLC.
CSE filing·Aug 18, 2025
RESIGNATION OF DIRECTOR & CHANGE OF THE COMMITTEE CHAIR OF THE BOARD AUDIT COMMITTEE AND RELATED PARTY TRANSACTIONS REVIEW COMMITTEETea & Plantation Crops
CSE filing·Jun 25, 2025
COMPOSITION OF BOARD SUBCOMMITTEESTea & Plantation Crops
Daily FT·Jun 24, 2025·Earnings & resultsPositive
Browns marks 150th year with landmark Rs. 25.9 b PBT in FY25Brown & Company PLC reported FY25 consolidated revenue of Rs. 107.82 billion and PBT of Rs. 25.88 billion, with total assets of Rs. 752.69 billion. The Group completed major East Africa Lipton plantation acquisitions, took controlling stakes in Sierra Cables and Tea Smallholder Factories, and saw strong results across its plantations and hospitality units.
Tea & Plantation CropsTourismHealthcare & PharmaExporters
CSE filing·Jun 11, 2025
MANDATORY OFFER BY UDAPUSSELLAWA PLANTATIONS PLC TO PURCHASE 18,723,161 ORDINARY VOTING SHARES OF TEA SMALLHOLDER FACTORIES PLCTea & Plantation Crops
Plantations & Agriculture sector: what is happening
Last 14 days to Sep 30, 2026Heavy August rain and cloud cover cut High Grown tea output to a 34-year monthly low, pulling national production below a year earlier. Tea exports weakened as August merchandise tea exports fell, while eight-month shipments and US dollar earnings declined amid higher freight and insurance costs and a lower average FOB. Sector bodies also pressed for productivity, mechanisation and value addition.
The stories behind it
Auto-generated from 17 sector news articles over 14 days. Not investment advice.