Sri Lankan Undiscovered Gems With Strong Fundamentals

Ceylinco Holdings

Market Cap: LK₨66.6b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

Central Finance

Market Cap: LK₨42.5b

Provides various financial solutions primarily in Sri Lanka.

Hayleys

Market Cap: LK₨100.9b

Operates in the manufacturing, agriculture, and services sectors worldwide.

WindForce

Market Cap: LK₨33.5b

Operates as an independent power producer in the renewable energy generation sector in Sri Lanka, Pakistan, Uganda, and Ukraine.

Bukit Darah

Market Cap: LK₨71.9b

Engages in the oil palm plantation, oils and fats, beverage, portfolio and asset management, real estate, leisure, and management businesses in Sri Lanka, Malaysia, Indonesia, India, Mauritius, and Singapore.

Browns Investments

Market Cap: LK₨103.5b

Engages in the plantation management, agriculture, leisure, and construction sectors in Sri Lanka.

Ceylon Beverage Holdings

Market Cap: LK₨54.4b

An investment holding company, brews and markets beers primarily in Sri Lanka.

Richard Pieris

Market Cap: LK₨51.3b

Through its subsidiaries, engages in the retail, plantation, tire, furniture, plastics, rubber, automotive, and electronic businesses.

National Development Bank

Market Cap: LK₨44.3b

Provides banking products and services in Sri Lanka.

Carson Cumberbatch

Market Cap: LK₨86.5b

Engages in the oil palm plantations, oils and fats, beverages, portfolio and asset management, real estate, and leisure business in Sri Lanka, Malaysia, Indonesia, Singapore, Mauritius, and India.

Nations Trust Bank

Market Cap: LK₨65.2b

Provides various banking products and services for individuals, small and medium enterprises, and corporates in Sri Lanka.

Sampath Bank

Market Cap: LK₨130.5b

Provides various financing products and services in Sri Lanka.

Cargills (Ceylon)

Market Cap: LK₨112.2b

Engages in the manufacturing, trading, distribution, and retail of food and beverage products in Sri Lanka and internationally.

Distilleries Company of Sri Lanka

Market Cap: LK₨166.1b

Engages in the distillation, manufacture, and distribution of liquor products in Sri Lanka.

Hatton National Bank

Market Cap: LK₨166.2b

Provides banking and related services in Sri Lanka and internationally.

PGP Glass Ceylon

Market Cap: LK₨35.2b

Engages in the manufacturing and sale of glass bottles in Sri Lanka, India, the United States, and internationally.

Ceylon Tobacco

Market Cap: LK₨251.0b

Manufactures, markets, and sells cigarettes in Sri Lanka.

Melstacorp

Market Cap: LK₨149.5b

Operates as a diversified conglomerate company in Sri Lanka, Maldives, and internationally.

Commercial Bank of Ceylon

Market Cap: LK₨224.8b

Operates as a well-diversified financial institution, in Sri Lanka, Bangladesh, Myanmar, Maldives, and internationally.

People's Leasing & Finance

Market Cap: LK₨37.1b

A non-bank financial institution, provides finance leases, term loans, Islamic finance, margin trading, share trading, debt instruments issuing, factoring, gold loans, and public deposits mobilization services.

Seylan Bank

Market Cap: LK₨37.8b

Provides commercial banking and related financial services in Sri Lanka.

Teejay Lanka

Market Cap: LK₨33.9b

Engages in the manufacturing and selling of weft knit fabrics in Sri Lanka, India, and Egypt.

Chevron Lubricants Lanka

Market Cap: LK₨33.6b

Manufactures, blends, imports, distributes, and markets lubricants, greases, brake fluids, and specialty products for industrial, commercial, and consumer applications in Sri Lanka.

Ceylon Cold Stores

Market Cap: LK₨77.6b

Manufactures, markets, and sells beverages and frozen confectionery in Sri Lanka and internationally.

Hemas Holdings

Market Cap: LK₨69.7b

Through its subsidiaries, operates in consumer, healthcare, and mobility sectors in Sri Lanka and Asia.

Tokyo Cement Company (Lanka)

Market Cap: LK₨30.9b

Manufactures and sells ready mixed concrete, and other value-added products in Sri Lanka.