WindForce PLC's six project companies submitted winning bids to add a combined 28.25 MW/143.75 MWh of battery storage to existing solar plants, with WindForce's equity investment estimated at about Rs. 944 million. The formal awards, regulatory approvals and agreements are still pending.
Power & Energy · Alternative Power Generation
Vidullanka PLC is a renewable energy developer and operator that produces and transmits electrical energy to national grids, with activities spanning power generation, engineering services and project delivery.
VLL shares are up 16.3% over the past year and last closed at Rs 22.10 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.3 | -5.2 | -6.3 | +12.6 | +0.9 | -6.0 | -5.0 | -2.4 | +7.3 | +0.0 | +0.0 | +0.0 |
| 2025 | +3.9 | +0.7 | +0.0 | -0.7 | +0.0 | +2.2 | +4.4 | +4.9 | +26.7 | +43.7 | -9.2 | -7.3 |
| 2024 | +1.5 | -1.4 | +4.4 | +31.0 | -3.2 | +30.0 | +17.9 | -5.8 | +7.7 | -0.7 | -0.9 | +1.6 |
| 2023 | -4.8 | +1.7 | -1.7 | +0.0 | -5.1 | +7.1 | +5.0 | +0.0 | -3.2 | +3.3 | +6.3 | +1.5 |
| 2022 | +25.0 | -2.4 | -15.7 | -12.9 | +6.6 | -1.5 | +9.4 | +0.0 | +0.0 | -4.3 | -1.5 | -6.1 |
| 2021 | -5.0 | -7.0 | +3.8 | +0.0 | +3.6 | +0.0 | +5.3 | -1.7 | +3.4 | +0.0 | +9.8 | +1.5 |
| 2020 | -4.1 | -6.4 | -6.8 | +0.0 | +0.0 | +9.3 | +4.3 | +6.1 | +9.6 | -1.8 | +5.4 | +1.7 |
| 2019 | -4.2 | -2.2 | -2.2 | +2.3 | -6.7 | +2.4 | +4.7 | +0.0 | +0.0 | +4.4 | +2.1 | +2.1 |
| 2018 | +0.0 | -2.0 | -2.0 | -4.2 | +0.0 | -10.9 | +12.2 | +0.0 | -2.2 | +0.0 | +4.4 | +2.1 |
| 2017 | -5.4 | +1.9 | -3.7 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +5.8 | +1.8 | -10.7 | +0.0 |
| 2016 | -7.7 | +3.3 | -3.2 | +1.7 | -1.6 | -5.0 | +3.5 | +0.0 | -1.7 | -3.4 | -1.8 | +1.8 |
| 2015 | +8.8 | +8.1 | +0.0 | +25.4 | +0.0 | +0.0 | +26.2 | -0.9 | -31.4 | -8.3 | -3.0 | +1.6 |
| 2014 | +5.7 | -2.7 | -2.8 | +5.7 | +5.4 | +0.0 | +10.3 | +16.3 | +8.0 | +9.3 | -8.5 | +5.6 |
| 2013 | -2.6 | -5.4 | +0.0 | +8.6 | +0.0 | -5.3 | +0.0 | +0.0 | +0.0 | +0.0 | -2.8 | +0.0 |
| 2012 | +0.0 | +0.0 | +0.0 | -3.4 | -12.3 | -2.0 | -22.4 | -2.6 | +13.5 | -9.5 | -5.3 | +5.6 |
| Average | +0.9 | -1.4 | -2.6 | +4.7 | -0.9 | +1.4 | +5.0 | +0.9 | +2.9 | +2.5 | -1.1 | +0.8 |
| 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 | -1.3 | -2.1 | -2.1 | +0.8 | +0.0 | +0.0 | +4.7 | +0.0 | +3.4 | +0.0 | -1.6 | +1.6 |
| % up | 43% | 36% | 14% | 50% | 29% | 33% | 73% | 20% | 53% | 36% | 36% | 71% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 3.8B -29.5% | Rs 5.4B -4.7% | Rs 5.7B +48.4% | Rs 3.8B +49.4% | Rs 2.6B +42.9% | Rs 1.8B +24.8% | Rs 1.4B +12.4% | Rs 1.3B +31.5% |
| Operating profit | - | - | Rs 2.5B +13.2% | Rs 2.2B | - | - | Rs 899.3M -2.0% | Rs 917.6M +1.0% |
| Net profit | Rs 1.6B -1.7% | Rs 1.6B +16.6% | Rs 1.4B +32.3% | Rs 1.0B +18.2% | Rs 865.9M +45.5% | Rs 595.0M +64.5% | Rs 361.7M -31.4% | Rs 527.3M +3.6% |
| EPS | 1.45 -7.6% | 1.57 +15.4% | 1.36 +33.3% | 1.02 +9.7% | 0.93 +36.8% | 0.68 +65.9% | 0.41 -33.9% | 0.62 +3.3% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2027 · first interimRs 0.20
- 2026 · second interimRs 0.30
- 2026 · first interimRs 0.35
- 2025 · second interimRs 0.20
- 2025Rs 1.20
- 2024Rs 1.40
- 2025 · first interimRs 0.30
- 2024 · second interimRs 0.25
| # | 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 · this company | 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 | 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 | - | - | 1.43% |
About Vidullanka PLC
Vidullanka PLC is a renewable energy developer and operator that produces and transmits electrical energy to national grids, with activities spanning power generation, engineering services and project delivery. The company develops and operates projects across hydro, solar and dendro (fuelwood/plantation) technologies and provides related technical, consultancy and construction services. The Group's portfolio comprises multiple operating projects across Sri Lanka and international markets, with an installed capacity reported at 51 MW and annual generation of approximately 200 GWh delivered to national grids in Sri Lanka and Uganda. In addition to power generation, Vidullanka undertakes Engineering, Procurement and Construction (EPC) contracts and offers engineering, consultancy and project management services, and has begun diversifying into e-mobility under the VEDRIVE pilot brand. Vidullanka also emphasises environmental stewardship and community programmes tied to sustainable development goals while operating and managing projects internationally (including Uganda and Guyana) and domestically in Sri Lanka.
AI analysis
bullishEvidence points bullish because June-quarter profit rose 84.5% and its like-for-like net-income margin was the best June result on record. The catch is a fairly valued score of 43 and sharply higher debt.
Read the full report (Sep 28, 2026) →News sentiment
Describes news flow, not a forecastHigher than 67% of its last 12 months · 2 of 3 in its sector
23 articles in 30 days: 19 positive, 0 negative, 4 neutral.
Vidullanka PLC's project companies submitted winning bids to add 93 MWh (18.7 MW) of battery storage across four solar plants, with Vidullanka's equity share estimated at about Rs. 600 million. The awards are subject to Letters of Award, regulatory approvals and final agreements.
Vidullanka PLC said project companies in which it holds equity submitted winning bids to develop 18.7 MW/93 MWh of battery energy storage integrated with existing ground-mounted solar plants; Vidullanka's estimated equity share is about Rs 600 million, with final awards and approvals pending.
Vidullanka PLC-led consortium emerged as the lowest-cost bidder (approx. Rs. 5 billion) for the construction of a 132 kV transmission line under a JICA-funded programme; the contract award remains subject to technical evaluations and formal issuance of the Letter of Award.
Vidullanka PLC, in a consortium with India's Skipper Limited, emerged as the lowest bidder for a JICA-funded LKR 5.0 billion 132 kV transmission line project in Sri Lanka. The 18-month contract would see Vidullanka lead local execution and project management, marking its entry into high-voltage transmission construction pending technical clearance and an LOA.
Vidullanka PLC said a consortium with India's Skipper emerged as the lowest bidder for a Rs5.0 billion 132 kV transmission line project under the JICA-funded network development programme. Final award is subject to technical evaluation and issuance of a Letter of Award; implementation is estimated at 18 months with Vidullanka to handle local execution.
Power & Energy sector: what is happening
Last 14 days to Sep 30, 2026Rising 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.
The stories behind it
Auto-generated from 34 sector news articles over 14 days. Not investment advice.