Power & Energy · Alternative Power Generation
Vallibel Power Erathna PLC generates and supplies electric power to the national grid in Sri Lanka through a portfolio of renewable energy assets.
VPEL shares are down 13.3% over the past year and last closed at Rs 15.00 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7 | -0.7 | -2.6 | +6.1 | -1.9 | +0.6 | -1.9 | +2.0 | -3.2 | +0.0 | +0.0 | +0.0 |
| 2025 | +23.5 | -1.4 | -6.4 | +5.3 | -0.7 | +0.7 | +2.9 | +7.0 | +12.5 | +0.6 | -11.0 | -0.7 |
| 2024 | +0.0 | +26.4 | -17.6 | +5.3 | +2.5 | +7.4 | -4.6 | +8.4 | +1.1 | +5.5 | +12.5 | +6.5 |
| 2023 | +4.8 | +3.0 | -1.5 | -1.5 | -3.0 | +3.1 | +3.0 | +1.5 | -1.4 | +0.0 | +0.0 | +5.9 |
| 2022 | +4.7 | -11.1 | -13.7 | +0.0 | +5.8 | +1.4 | -5.4 | -1.4 | +1.4 | -2.9 | -2.9 | -4.5 |
| 2021 | +5.1 | -9.6 | -1.3 | +1.4 | +4.0 | +3.8 | +3.7 | -2.4 | +2.4 | +2.4 | +0.0 | +0.0 |
| 2020 | +1.6 | -3.1 | -11.3 | +0.0 | +0.0 | +1.8 | +3.4 | +5.0 | +25.4 | -3.8 | +5.3 | -1.2 |
| 2019 | +1.5 | -7.6 | -3.3 | +1.7 | +0.0 | +3.3 | -3.2 | +1.7 | -1.6 | +5.0 | +0.0 | +0.0 |
| 2018 | -1.3 | -4.0 | +2.8 | -1.4 | -2.7 | -4.2 | +2.9 | -4.3 | -3.0 | +1.5 | +0.0 | -1.5 |
| 2017 | -1.1 | -6.9 | -12.3 | +9.9 | -2.6 | -1.3 | +0.0 | -2.7 | +4.1 | +5.3 | -5.0 | +0.0 |
| 2016 | +1.1 | -9.9 | -2.4 | +7.5 | +0.0 | -2.3 | +7.1 | +2.2 | -5.4 | -1.1 | +0.0 | +2.3 |
| 2015 | +5.6 | +10.5 | -6.0 | +16.5 | +3.3 | +0.0 | -1.1 | -2.1 | -3.3 | +2.2 | -2.2 | +1.1 |
| 2014 | +1.7 | -6.8 | +1.8 | +3.6 | -1.7 | +3.5 | +0.0 | +0.0 | +3.4 | +23.0 | -8.0 | +4.3 |
| 2013 | +6.2 | -15.9 | -3.4 | +0.0 | +10.7 | +0.0 | +0.0 | -6.5 | +0.0 | +1.7 | +5.1 | -6.5 |
| 2012 | +0.0 | +0.0 | +0.0 | +1.5 | -23.9 | +0.0 | -5.9 | +4.2 | +28.0 | +0.0 | +0.0 | +1.6 |
| Average | +3.8 | -2.6 | -5.5 | +4.0 | -0.7 | +1.2 | +0.1 | +0.8 | +4.0 | +2.8 | -0.5 | +0.5 |
| 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 | +1.7 | -5.4 | -3.4 | +2.6 | -0.4 | +0.7 | +0.0 | +1.5 | +1.1 | +1.6 | +0.0 | +0.0 |
| % up | 79% | 21% | 14% | 71% | 36% | 60% | 40% | 53% | 53% | 64% | 21% | 43% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 1.5B +11.8% | Rs 1.4B -6.7% | Rs 1.5B +31.4% | Rs 1.1B -15.1% | Rs 1.3B +22.8% | Rs 1.1B +1.8% | Rs 1.1B -17.8% | Rs 1.3B +15.1% |
| Operating profit | Rs 1.1B -28.2% | Rs 1.5B +28.3% | Rs 1.1B +37.3% | Rs 832.7M -22.2% | Rs 1.1B +27.0% | Rs 842.8M +4.4% | Rs 807.3M -22.5% | Rs 1.0B +9.9% |
| Net profit | Rs 1.3B +21.2% | Rs 1.1B +42.0% | Rs 781.8M +19.3% | Rs 655.1M -23.4% | Rs 854.8M +37.4% | Rs 622.0M -12.1% | Rs 707.6M -20.5% | Rs 890.0M +16.6% |
| EPS | 1.70 +29.8% | 1.31 +45.6% | 0.90 +15.4% | 0.78 -23.5% | 1.02 +37.8% | 0.74 -14.9% | 0.87 -22.3% | 1.12 +16.7% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
| # | 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 | 22.10 | Rs 22.8B | 13.1 | 2.22 | 1.69 | 16.94% | 2.26% |
| 3 | VPEL.N0000 · this company | 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% |
Vallibel Power Erathna PLC generates and supplies electric power to the national grid in Sri Lanka through a portfolio of renewable energy assets. The Group operates generation assets directly and through its subsidiary, Country Energy (Pvt) Ltd., providing stable renewable energy to support the national grid. The Company’s principal operations comprise hydropower and solar power generation. Its hydropower portfolio includes the Erathna, Denawaka Ganga and Kiriwaneliya mini-hydro plants, while its solar portfolio comprises a ground-mounted 10 MW solar power plant (commissioned September 2025) and related projects. These assets are managed to deliver operational reliability and to balance seasonal variability. Vallibel Power positions sustainability and community engagement at the core of its operations, emphasising water-resource stewardship, environmental compliance and stakeholder engagement; the Group reports offsets of over 50,000 metric tonnes of CO2 from its operations and contributes renewable energy to Sri Lanka’s energy mix.
VPEL remains highly profitable, but its latest June quarter was weaker on margins and cash conversion. Attractive earnings valuation is offset by weaker like-for-like quarterly profitability.
Read the full report (Aug 14, 2026) →No scored news in the last 30 days.
Colombo Stock Exchange closed down: ASPI fell 0.48% to 22,253.52 and S&P SL20 fell 0.25% to 6,199.97, with market turnover of 1.18 billion rupees. Top gainers included Vallibel Power Erathna and Hatton National Bank, while John Keells, Aitken Spence, DFCC and Commercial Bank were among the main decliners.
Dividend · Rs 0.60 · XD Feb 24, 2026
First Interim dividend of LKR 0.6/share; XD 2026-02-24; record 2026-02-24; payable 2026-03-16; FY Year ending 31st March 2026
Vallibel Power Erathna PLC (VPEL.N0000) said its 10 MW ground-mounted solar PV project at Dolahena Estate has commenced commercial operations effective 10 September, with the two 5 MW plants connected to the national grid and CEB confirmation.
Lanka Tiles PLC has appointed Harsha Amarasekera as a Non-Executive Director; he also joins the board of Lanka Walltiles PLC. Amarasekera is an experienced attorney and currently holds leadership roles at Sampath Bank, CIC Holdings, Swisstek, Vallibel Power Erathna and Royal Ceramics.
Energy Minister Kumara Jayakody warned that lobbying for higher feed-in tariffs would raise consumer bills, noting solar prices paid to new producers have fallen from 37 → 27 → 24 → 18 rupees. He cited 30% cheaper panels, a stronger rupee, competitive low bids (e.g. Vidullanka ~3.77 USc/kWh) and additional grid/BESS costs.
LAUGFS Power (LPL.N0000) appointed Russell De Zilva as CEO and Non-Independent Director. De Zilva brings 20+ years in renewable energy and is currently Joint CEO of Vallibel Power Erathna (VPEL.N0000), with experience in hydropower, wind, solar and floating solar projects.
ASPI gained about 108 points to 18,946 on Rs. 9.1 billion turnover, led by the Capital Goods sector; John Keells, Commercial Bank, Access Engineering, Hayleys and LOLC were top contributors and banking names including HNB and Sampath also recorded gains.
Vidullanka PLC launched the Colombo Stock Exchange's first-ever listed Sukuk. The asset-backed, Shariah-compliant instrument creates a new financing route for renewable energy and infrastructure projects that could benefit other listed power companies.
Lanka Tiles PLC appointed Haresh Somashantha as an Executive Director. He currently serves as Director Finance of Royal Ceramics Lanka PLC and is also a director of Hayleys Fabric PLC and Vallibel Power Erathna PLC.
Rising 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.
Auto-generated from 34 sector news articles over 14 days. Not investment advice.