EquityLK

Union Chemicals Lanka PLC

UCAR.N0000Fairly valued

Manufacturing · Chemicals: Specialty

Union Chemicals Lanka PLC manufactures and trades waterborne polymers, adhesives, coatings and industrial chemicals for use in paint, textile and adhesive applications in Sri Lanka.

UCAR shares are up 98.3% over the past year and last closed at Rs 2,299.75 on Sep 30, 2026.

Rs 2,299.75
-0.15%
Price history
+98.25%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+31.9-4.5-5.3+9.0+62.4-1.8-13.4-3.5-1.7+0.0+0.0+0.0
2025+11.2-3.0-1.5+2.1+13.2-6.7+10.2+6.0+19.6+22.4-7.0+2.3
2024+0.0+0.0-18.3+12.4+0.5+1.1+0.2-0.7-1.5+7.5-3.0+5.3
2023+16.0-11.5+18.7-9.5+4.8+2.2+1.9-8.5+6.2-1.6-4.1-0.2
2022-6.4-5.0-31.5+0.0+0.0+0.0+0.0-3.1-6.6+8.2-19.0-3.9
2021+15.9-21.0+10.5-8.9+10.5+0.2+0.4+2.5-2.6+3.0+15.1+1.5
2020+0.0-0.3+0.0+0.0+0.0+0.0+1.4-1.3+8.0+11.1+51.8-4.8
2019+0.0+0.0+0.0+0.0+0.0+64.9-14.1+13.9+0.0+0.0+0.0+0.0
2018+0.0+0.0+23.2+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0
2017+0.0+0.0+0.0+0.0+0.0-14.2-3.8+0.0+0.0+0.0+0.0+0.0
2016+0.0+0.0+0.0+0.0+0.0+0.0+0.0+13.6+0.0+0.0+0.0+0.0
2015+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+24.6+0.0+0.3+0.0
2014+6.9-15.2+19.4+3.4+0.2+0.0+10.0-8.9+0.0+0.0+0.0+0.0
2013+3.4+0.0+0.0+9.1+0.8+13.6-18.8-10.4-8.0+12.3-10.5+20.5
2012+0.0+0.0+0.0-13.2-8.7-4.5-4.4+17.5+1.7-13.2-8.8-6.3
Average+9.9-8.6+1.9+0.5+10.5+5.5-2.8+1.4+4.0+5.5+1.5+1.6
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+9.0-5.0+4.5+2.1+2.8+0.1+0.2-1.0+0.1+7.5-3.5+0.0
% up75%0%50%56%88%50%55%42%50%67%30%44%
P/E
12.2
P/B
2.29
EPS
Rs 188.81
Div Yield
3.57%
Market Cap
Rs 3.4B
Beta
0.29
ROE
18.8%
Op Margin
18.7% (-1.0pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
Rs 1.6B
-3.6%
Rs 1.7B
+2.3%
Rs 1.6B
-3.9%
Rs 1.7B
+5.1%
Rs 1.6B
+55.6%
Rs 1.0B
+7.4%
Rs 955.8M
+9.3%
Rs 874.4M
+24.8%
Operating profit
Rs 346.4M
+14.2%
Rs 303.3M
-6.3%
Rs 323.5M
-20.3%
Rs 405.8M
+89.3%
Rs 214.4M
+39.5%
Rs 153.7M
+39.6%
Rs 110.1M
+47.7%
Rs 74.6M
+11.9%
Net profit
Rs 275.0M
+14.9%
Rs 239.3M
-3.1%
Rs 246.9M
+52.6%
Rs 161.7M
-5.8%
Rs 171.7M
+58.8%
Rs 108.1M
+44.1%
Rs 75.0M
+54.1%
Rs 48.7M
-3.8%
EPS
183.36
+14.9%
159.55
-3.1%
164.59
+52.6%
107.83
-5.8%
114.47
+58.8%
72.08
+44.1%
50.01
+54.1%
32.46
-3.8%

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 · finalRs 44.00
  • 2025 · first interimRs 38.00
  • 2024 · finalRs 36.00
  • 2024 · first interimRs 27.00
  • 2023 · finalRs 27.00
  • 2023 · first interimRs 18.00
  • 2022 · finalRs 17.00
  • 2022 · first interimRs 15.00
Peer comparison5 peers in Manufacturing
Sector overview Open in screener
1Haycarb PLC
HAYC.N0000
Rs 210.25
P/E
14.9
P/B
2.02
ROE
13.60%
Yield
2.05%
2Chevron Lubricants Lanka Plc
LLUB.N0000
Rs 206.00
P/E
10.4
P/B
5.01
ROE
47.93%
Yield
5.83%
3JAT Holdings Plc
JAT.N0000
Rs 32.50
P/E
11.2
P/B
1.38
ROE
12.33%
Yield
3.57%
4ACL Plastics PLC
APLA.N0000
Rs 159.00
P/E
8.4
P/B
1.42
ROE
19.77%
Yield
2.36%
5Union Chemicals Lanka PLC
UCAR.N0000 · this company
Rs 2,299.75
P/E
12.2
P/B
2.29
ROE
18.77%
Yield
3.57%
6Chemanex Plc
CHMX.N0000
Rs 153.00
P/E
12.0
P/B
0.54
ROE
4.46%
Yield
1.63%
Peer median · 5 companies
P/E 11.2P/B 1.42Yield 2.36%

About Union Chemicals Lanka PLC

Union Chemicals Lanka PLC manufactures and trades waterborne polymers, adhesives, coatings and industrial chemicals for use in paint, textile and adhesive applications in Sri Lanka. Its principal activities include the manufacture and marketing of polyvinyl/acrylic emulsions (latex) for paint and textile industries and formulations for industrial and domestic adhesive use. The company also indents, imports and markets a diverse range of chemical products, including specialty solvents, polyolefins, coating resins, surfactants and personal care products, sourced from Dow Chemicals Company and its affiliates, and sells trading lines of chemicals and plastic ingredients. Union Chemicals supplies products to a broad spectrum of industrial customers across Sri Lanka (servicing approximately 600 customers and concentrated mainly in the western province) and focuses on emulsions, adhesives, silicones and surfactants for the paint, textile and adhesive industries.

AI analysis

bullish

Union Chemicals' June net margin was its best comparable June in five years. The tension is a 179.6% one-year share gain despite thin recent company news.

Read the full report (Aug 11, 2026) →

News sentiment

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

No scored news in the last 30 days.

24 months positive negative 3-month net
Oct 24: 4 articles, net +0.25May 25: 1 articles, net -1.00Oct 25: 3 articles, net +0.33May 26: 2 articles, net +1.00Jun 24Oct 24Feb 25Jun 25Oct 25Feb 26
Recent news
View all news →
EconomyNext·May 20, 2026·Market commentaryPositive
Sri Lanka stocks down in midday trade, capital goods lead turnover

Sri Lanka shares fell, with the ASPI down 1.54% to 21,954.92 and the S&P SL20 down 1.28% to 6,069.81. Capital goods led turnover at 956.7 million rupees; banks including Sampath, Commercial Bank and DFCC weighed on the index while Union Chemicals, LOLC Finance and Aitken Spence gained.

EconomyNext·May 19, 2026·Market commentaryPositive
Sri Lanka stocks close down after initial surge on peace talk hopes

Colombo Stock Exchange closed slightly lower—ASPI down 0.07% at 22,298 and S&P SL20 down 0.21% at 6,148, with turnover Rs.2.32bn. Top contributors included Dialog, Vallibel One, Colombo Dockyard and Browns; Singer reported Q4 profit up 77% to Rs.2.48bn and Union Chemicals declared a Rs.44/share dividend.

EconomyNext·Jan 3, 2025·Management or board change
Kosala M Dissanayake appointed chairman of Union Chemicals Lanka

Union Chemicals Lanka appointed Kosala M Dissanayake as chairman effective 31 December 2024. He is a chartered accountant and certified management accountant with prior senior roles including Chairman/MD of GlaxoSmithKline Consumer Health Care and MD of Delmage Forsyth.

Manufacturing sector: what is happening

Last 14 days to Sep 30, 2026

Manufacturing export conditions weakened in August as apparel, tea and coconut-based product shipments fell, although merchandise exports remained higher over January-August. Exporters also reported certification delays, cost pressures and cheaper imported rubber undermining local value addition. Oil-price swings added uncertainty to energy and transport inputs, while industry proposals continued to stress higher-value agrifood processing, traceability and mechanisation.

The stories behind it

Auto-generated from 16 sector news articles over 14 days. Not investment advice.