Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨15.19 (vs LK₨19.93 in FY 2025) Full year 2026 results: EPS: LK₨15.19 (down from LK₨19.93 in FY 2025). Revenue: LK₨218.1m (down 4.7% from FY 2025). Net income: LK₨91.1m (down 24% from FY 2025). Profit margin: 42% (down from 52% in FY 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 23
Dividend reduced to LK₨6.40 Dividend of LK₨6.40 is 28% lower than last year. Ex-date: 1st July 2026 Payment date: 20th July 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 22
Lanka Ceramic PLC announces Annual dividend, payable on July 20, 2026 Lanka Ceramic PLC announced Annual dividend of LKR 6.4000 per share payable on July 20, 2026, ex-date on July 01, 2026 and record date on July 02, 2026. Upcoming Dividend • Jun 24
Upcoming dividend of LK₨8.90 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 07 July 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Sri Lankan dividend payers (5.4%). Higher than average of industry peers (4.3%). Announcement • Jun 02
Lanka Ceramic PLC, Annual General Meeting, Jun 30, 2025 Lanka Ceramic PLC, Annual General Meeting, Jun 30, 2025. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: LK₨19.93 (vs LK₨14.87 in FY 2024) Full year 2025 results: EPS: LK₨19.93 (up from LK₨14.87 in FY 2024). Revenue: LK₨228.8m (up 5.2% from FY 2024). Net income: LK₨119.6m (up 34% from FY 2024). Profit margin: 52% (up from 41% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 01
Dividend of LK₨8.90 announced Shareholders will receive a dividend of LK₨8.90. Ex-date: 1st July 2025 Payment date: 7th July 2025 Dividend yield will be 5.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 43% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 01
Lanka Ceramic PLC announces Annual dividend, payable on July 07, 2025 Lanka Ceramic PLC announced Annual dividend of LKR 8.9000 per share payable on July 07, 2025, ex-date on July 01, 2025 and record date on July 02, 2025. Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: LK₨4.04 (vs LK₨1.49 in 3Q 2024) Third quarter 2025 results: EPS: LK₨4.04 (up from LK₨1.49 in 3Q 2024). Revenue: LK₨52.1m (up 4.1% from 3Q 2024). Net income: LK₨24.2m (up 171% from 3Q 2024). Profit margin: 47% (up from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m (LK₨229m revenue, or US$773k). Market cap is less than US$10m (LK₨889.5m market cap, or US$3.01m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to LK₨148, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 7x in the Building industry in Sri Lanka. Total returns to shareholders of 2.2% over the past three years. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: LK₨4.12 (vs LK₨2.51 in 2Q 2024) Second quarter 2025 results: EPS: LK₨4.12 (up from LK₨2.51 in 2Q 2024). Revenue: LK₨55.8m (down 1.5% from 2Q 2024). Net income: LK₨24.7m (up 64% from 2Q 2024). Profit margin: 44% (up from 27% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: LK₨4.21 (vs LK₨0.14 in 1Q 2024) First quarter 2025 results: EPS: LK₨4.21 (up from LK₨0.14 in 1Q 2024). Revenue: LK₨60.0m (up 25% from 1Q 2024). Net income: LK₨25.3m (up LK₨24.4m from 1Q 2024). Profit margin: 42% (up from 1.8% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 24
Upcoming dividend of LK₨1.20 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Sri Lankan dividend payers (7.8%). Lower than average of industry peers (8.7%). Announcement • Jun 08
Lanka Ceramic PLC Proposes Final Dividend for the Year Ended March 31, 2024 Lanka Ceramic PLC proposed final dividend of LKR 1.20 per share for the year ended March 31, 2024 as recommended by the Board of Directors in its annual general meeting to be held on June 28, 2024. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: LK₨14.87 (vs LK₨7.37 loss in FY 2023) Full year 2024 results: EPS: LK₨14.87 (up from LK₨7.37 loss in FY 2023). Revenue: LK₨217.5m (down 51% from FY 2023). Net income: LK₨89.2m (up LK₨133.5m from FY 2023). Profit margin: 41% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • May 31
Lanka Ceramic PLC, Annual General Meeting, Jun 28, 2024 Lanka Ceramic PLC, Annual General Meeting, Jun 28, 2024. Reported Earnings • Jan 25
Third quarter 2024 earnings released: EPS: LK₨1.49 (vs LK₨5.99 loss in 3Q 2023) Third quarter 2024 results: EPS: LK₨1.49 (up from LK₨5.99 loss in 3Q 2023). Revenue: LK₨50.0m (down 12% from 3Q 2023). Net income: LK₨8.96m (up LK₨44.9m from 3Q 2023). Profit margin: 18% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: LK₨2.51 (vs LK₨0.45 in 2Q 2023) Second quarter 2024 results: EPS: LK₨2.51 (up from LK₨0.45 in 2Q 2023). Revenue: LK₨56.6m (down 68% from 2Q 2023). Net income: LK₨15.1m (up 457% from 2Q 2023). Profit margin: 27% (up from 1.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: LK₨0.14 (vs LK₨1.49 in 1Q 2023) First quarter 2024 results: EPS: LK₨0.14 (down from LK₨1.49 in 1Q 2023). Revenue: LK₨48.0m (down 64% from 1Q 2023). Net income: LK₨857.6k (down 90% from 1Q 2023). Profit margin: 1.8% (down from 6.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 09
Lanka Ceramic PLC, Annual General Meeting, Jun 30, 2023 Lanka Ceramic PLC, Annual General Meeting, Jun 30, 2023, at 08:30 Sri Lanka Standard Time. Location: centered at the Board Room of Royal Ceramics Lanka PLC, No.20, R A de Mel Mawatha, Colombo 03 Colombo 03 Sri Lanka Agenda: To receive and consider the annual report of the board of directors on the affairs of the company and the statement of accounts for the year ended 31st March 2023 and the Report of the Auditors thereon; to re-elect Mr. J.D.N. Kekulawala, who retires by rotation in terms of Articles 102 and 103 of the Articles of Association, as a Director of the company; to re-elect Mr. D.J. Silva, who retires in terms of Articles 102 and 103 of the Articles of Association, as a Director of the company; to re-appoint Messrs. Ernst & Young, Chartered Accountants, the retiring Auditors and to authorize the Directors to determine their remuneration; to authorize the Directors to determine payments for the year 2023/24 for charitable and other purposes as set out in the Companies Donations Act and to consider other matters if any. Reported Earnings • May 26
Full year 2023 earnings released: LK₨7.37 loss per share (vs LK₨12.58 profit in FY 2022) Full year 2023 results: LK₨7.37 loss per share (down from LK₨12.58 profit in FY 2022). Revenue: LK₨446.8m (up 4.5% from FY 2022). Net loss: LK₨44.2m (down 159% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jan 25
Third quarter 2023 earnings released: LK₨5.99 loss per share (vs LK₨4.93 profit in 3Q 2022) Third quarter 2023 results: LK₨5.99 loss per share (down from LK₨4.93 profit in 3Q 2022). Revenue: LK₨56.7m (down 72% from 3Q 2022). Net loss: LK₨35.9m (down 221% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non Executive Director Joseph Dacius Kekulawala was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: LK₨0.45 (vs LK₨3.29 in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.45 (down from LK₨3.29 in 2Q 2022). Revenue: LK₨178.8m (up 137% from 2Q 2022). Net income: LK₨2.71m (down 86% from 2Q 2022). Profit margin: 1.5% (down from 26% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: LK₨1.49 (vs LK₨2.10 in 1Q 2022) First quarter 2023 results: EPS: LK₨1.49 (down from LK₨2.10 in 1Q 2022). Revenue: LK₨133.6m (up 139% from 1Q 2022). Net income: LK₨8.96m (down 29% from 1Q 2022). Profit margin: 6.7% (down from 23% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨100.00, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 3x in the Building industry in Sri Lanka. Total loss to shareholders of 2.4% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of LK₨2.60 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Sri Lankan dividend payers (9.3%). Lower than average of industry peers (14%). Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non Executive Director Joseph Dacius Kekulawala was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 08
Lanka Ceramic PLC, Annual General Meeting, Jun 29, 2022 Lanka Ceramic PLC, Annual General Meeting, Jun 29, 2022, at 11:30 Sri Lanka Standard Time. Location: Board Room of Royal Ceramics Lanka PLC, No.20 R A de Mel Mawatha Colombo 03 Sri Lanka Agenda: To consider the Annual Report of the Board of Directors on the affairs of the Company and the Statement of Accounts for the year ended 31st March 2022 and the Report of the Auditors; to approve the final dividend as recommended by the Directors; to re-elect Ms. A.M.L. Page, as a Director of the Company;to re-elect Mr. T.G. Thoradeniya, , as a Director of the Company; to elect as a Director Mr. M.W.R.N. Somarathne who retires in terms of Article 110 of the Articles of Association of the Company; to re-appoint Messrs. Ernst & Young, Chartered Accountants, the retiring Auditors and to authorize the Directors to determine their remuneration; to authorize the Directors to determine payments for the year 2022/23 for charitable and other purposes as set out in the Companies Donations Act. Reported Earnings • May 22
Full year 2022 earnings released: EPS: LK₨12.57 (vs LK₨11.31 in FY 2021) Full year 2022 results: EPS: LK₨12.57 (up from LK₨11.31 in FY 2021). Revenue: LK₨427.7m (up 253% from FY 2021). Net income: LK₨75.4m (up 11% from FY 2021). Profit margin: 18% (down from 56% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨123, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 4x in the Building industry in Sri Lanka. Total returns to shareholders of 25% over the past three years. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨4.93 (up from LK₨1.00 in 3Q 2021). Revenue: LK₨201.6m (up LK₨170.9m from 3Q 2021). Net income: LK₨29.6m (up 395% from 3Q 2021). Profit margin: 15% (down from 20% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS LK₨5.39 (vs LK₨1.96 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: LK₨131.3m (up 295% from 2Q 2021). Net income: LK₨32.3m (up 175% from 2Q 2021). Profit margin: 25% (down from 35% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS LK₨2.10 (vs LK₨0.12 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨55.8m (up 143% from 1Q 2021). Net income: LK₨12.6m (up LK₨13.3m from 1Q 2021). Profit margin: 23% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨181, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 7x in the Building industry in Sri Lanka. Total returns to shareholders of 40% over the past three years. Upcoming Dividend • Jun 25
Upcoming dividend of LK₨0.90 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 20 July 2021. Trailing yield: 1.7%. Lower than top quartile of Sri Lankan dividend payers (5.5%). Lower than average of industry peers (8.1%). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨159, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 8x in the Building industry in Sri Lanka. Total returns to shareholders of 16% over the past three years. Reported Earnings • May 21
Full year 2021 earnings released: EPS LK₨11.31 (vs LK₨3.87 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: LK₨121.3m (down 27% from FY 2020). Net income: LK₨67.8m (up 192% from FY 2020). Profit margin: 56% (up from 14% in FY 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨128, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 8x in the Building industry in Sri Lanka. Total loss to shareholders of 18% over the past three years. Is New 90 Day High Low • Mar 15
New 90-day low: LK₨110 The company is down 4.0% from a price of LK₨115 on 15 December 2020. Underperformed the Sri Lankan market, which is up 9.0% over the last 90 days. Lagged the Building industry, which is up 53% over the same period. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorated over the past week After last week's 21% share price decline to LK₨132, the stock is trading at a trailing P/E ratio of 31.5x, down from the previous P/E ratio of 39.6x. This compares to an average P/E of 9x in the Building industry in Sri Lanka. Total return to shareholders over the past three years is a loss of 11%. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS LK₨1.00 (vs LK₨1.46 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: LK₨30.7m (up 2.3% from 3Q 2020). Net income: LK₨5.99m (down 32% from 3Q 2020). Profit margin: 20% (down from 29% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 24% share price gain to LK₨219, the stock is trading at a trailing P/E ratio of 46.9x, up from the previous P/E ratio of 37.9x. This compares to an average P/E of 23x in the Building industry in Sri Lanka. Total returns to shareholders over the past three years are 46%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨164, the stock is trading at a trailing P/E ratio of 35.2x, up from the previous P/E ratio of 29.4x. This compares to an average P/E of 13x in the Building industry in Sri Lanka. Total returns to shareholders over the past three years are 9.3%. Is New 90 Day High Low • Jan 12
New 90-day high: LK₨148 The company is up 47% from its price of LK₨101 on 14 October 2020. The Sri Lankan market is up 24% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 94% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: LK₨120 The company is up 12% from its price of LK₨107 on 22 September 2020. The Sri Lankan market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 51% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 16% share price gain to LK₨115, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 8x in the Building industry in Sri Lanka. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Nov 09
New 90-day high: LK₨117 The company is up 22% from its price of LK₨96.00 on 11 August 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 89% over the same period. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS LK₨1.96 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: LK₨33.2m (down 30% from 2Q 2020). Net income: LK₨11.8m (up 74% from 2Q 2020). Profit margin: 35% (up from 14% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 02
New 90-day high: LK₨115 The company is up 27% from its price of LK₨90.30 on 03 July 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 53% over the same period.