Sri Lankan Undiscovered Gems With Strong Fundamentals

Royal Ceramics Lanka

Market Cap: LK₨48.1b

Manufactures and sells wall and floor tiles in Sri Lanka.

Ceylinco Holdings

Market Cap: LK₨76.5b

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

Haycarb

Market Cap: LK₨33.4b

Manufactures and sells coconut shell activated carbon in Sri Lanka and internationally.

Prime Lands Residencies

Market Cap: LK₨44.9b

Engages in purchasing land and constructing residential apartment complexes in Sri Lanka.

Cargills (Ceylon)

Market Cap: LK₨177.5b

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

Ceylon Beverage Holdings

Market Cap: LK₨56.8b

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

Lanka Milk Foods (CWE)

Market Cap: LK₨32.4b

Engages in manufacturing, importing, exporting, packaging, marketing, and distributing dairy and beverage products in Sri Lanka.

Hemas Holdings

Market Cap: LK₨89.5b

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

Bukit Darah

Market Cap: LK₨88.1b

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, Singapore, and Mauritius.

National Development Bank

Market Cap: LK₨56.4b

Provides banking products and services in Sri Lanka.

Richard Pieris

Market Cap: LK₨64.3b

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

C T Holdings

Market Cap: LK₨116.8b

Engages in the distribution of food and beverages in Sri Lanka.

PGP Glass Ceylon

Market Cap: LK₨51.4b

Manufactures and sells glass bottles in Sri Lanka, India, the United States, and internationally.

Distilleries Company of Sri Lanka

Market Cap: LK₨254.4b

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

Overseas Realty (Ceylon)

Market Cap: LK₨51.6b

Engages in property development activities in Sri Lanka.

Lion Brewery (Ceylon)

Market Cap: LK₨139.8b

Engages in the brewing and marketing of beers under the Lion brand in Sri Lanka.

DFCC Bank

Market Cap: LK₨61.9b

Provides commercial banking services to individuals, corporates, small and medium enterprises, professionals, and entrepreneurs in Sri Lanka.

Asiri Hospital Holdings

Market Cap: LK₨34.1b

Operates hospitals and provides healthcare service in Sri Lanka.

Nations Trust Bank

Market Cap: LK₨101.3b

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

Kotmale Holdings

Market Cap: LK₨42.4b

An investment holding company, engages in the manufacture and distribution of dairy products in Sri Lanka.

Carson Cumberbatch

Market Cap: LK₨131.5b

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, and Mauritius.

Ambeon Capital

Market Cap: LK₨33.4b

An investment holding company, engages in porcelain, property, information technology and investment businesses in Sri Lanka and internationally.

Sampath Bank

Market Cap: LK₨171.8b

Provides various financing products and services in Sri Lanka.

Hatton National Bank

Market Cap: LK₨223.4b

Provides banking and related services to businesses and individuals in Sri Lanka and internationally.

Aitken Spence

Market Cap: LK₨56.4b

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

Digital Mobility Solutions Lanka

Market Cap: LK₨46.5b

A technological company, develops and operates mobility-related software in Sri Lanka.

Commercial Bank of Ceylon

Market Cap: LK₨332.1b

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

Seylan Bank

Market Cap: LK₨53.9b

Provides commercial banking and related financial services in Sri Lanka.

Sunshine Holdings

Market Cap: LK₨58.6b

Engages in the healthcare, agribusiness, and consumer goods business in Sri Lanka, China, Japan, and internationally.

Chevron Lubricants Lanka

Market Cap: LK₨43.2b

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

ACL Cables

Market Cap: LK₨61.5b

Manufactures and supplies cables and conductors in Sri Lanka.

Ceylon Cold Stores

Market Cap: LK₨97.2b

Manufactures, markets, and distributes beverages and confectionery products in Sri Lanka and internationally.

Ceylon Tobacco

Market Cap: LK₨321.4b

Manufactures, markets, and sells cigarettes in Sri Lanka.