Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: LK₨0.11 (vs LK₨0.81 in FY 2025) Full year 2026 results: EPS: LK₨0.11 (down from LK₨0.81 in FY 2025). Revenue: LK₨198.6m (down 23% from FY 2025). Net income: LK₨12.0m (down 86% from FY 2025). Profit margin: 6.0% (down from 34% in FY 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 111% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Paying a dividend despite having no free cash flows. Earnings have declined by 7.6% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Revenue is less than US$1m (LK₨228m revenue, or US$743k). Market cap is less than US$10m (LK₨1.63b market cap, or US$5.30m). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to LK₨16.70, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 18x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders of 128% over the past three years. Announcement • Aug 19
Lotus Hydro Power PLC, Annual General Meeting, Sep 12, 2025 Lotus Hydro Power PLC, Annual General Meeting, Sep 12, 2025, at 10:30 Sri Lanka Standard Time. Location: park premier banquet hall, excel world, no. 338, t. b. jayah mawatha, 10, colombo Sri Lanka New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.8% per year over the past 5 years. Revenue is less than US$1m (LK₨224m revenue, or US$743k). Market cap is less than US$10m (LK₨1.44b market cap, or US$4.79m). Minor Risk Dividend is not well covered by earnings (120% payout ratio). New Risk • Jun 11
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 6.1% 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 Revenue is less than US$1m (LK₨257m revenue, or US$861k). Market cap is less than US$10m (LK₨1.41b market cap, or US$4.71m). 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 (6.1% average weekly change). Reported Earnings • May 29
Full year 2025 earnings released: EPS: LK₨0.81 (vs LK₨0.60 in FY 2024) Full year 2025 results: EPS: LK₨0.81 (up from LK₨0.60 in FY 2024). Revenue: LK₨257.4m (up 16% from FY 2024). Net income: LK₨88.6m (up 36% from FY 2024). Profit margin: 34% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Apr 21
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 6.5% 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 Revenue is less than US$1m (LK₨274m revenue, or US$918k). Market cap is less than US$10m (LK₨1.30b market cap, or US$4.34m). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: LK₨0.17 (vs LK₨0.44 in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.17 (down from LK₨0.44 in 3Q 2024). Revenue: LK₨72.7m (down 30% from 3Q 2024). Net income: LK₨18.4m (down 61% from 3Q 2024). Profit margin: 25% (down from 46% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: LK₨0.08 (vs LK₨0.08 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.08 (in line with 2Q 2024). Revenue: LK₨52.5m (up 14% from 2Q 2024). Net income: LK₨8.56m (down 4.2% from 2Q 2024). Profit margin: 16% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 3% per year, which means it is well ahead of earnings. Announcement • Aug 28
Lotus Hydro Power PLC, Annual General Meeting, Sep 29, 2024 Lotus Hydro Power PLC, Annual General Meeting, Sep 29, 2024, at 11:30 Sri Lanka Standard Time. Location: park premier banquet hall, excel world, no. 338 t. b. jayah mawatha, colombo 10, Sri Lanka Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: LK₨0.48 (vs LK₨0.02 in 1Q 2024) First quarter 2025 results: EPS: LK₨0.48 (up from LK₨0.02 in 1Q 2024). Revenue: LK₨104.8m (up 293% from 1Q 2024). Net income: LK₨51.9m (up LK₨49.3m from 1Q 2024). Profit margin: 50% (up from 9.8% in 1Q 2024). The increase in margin was driven by higher revenue. 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 5% per year, which means it is well ahead of earnings. New Risk • Aug 13
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 4.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Cash payout ratio: 141% Earnings have declined by 7.2% per year over the past 5 years. Revenue is less than US$1m (LK₨222m revenue, or US$741k). Market cap is less than US$10m (LK₨1.35b market cap, or US$4.52m). Minor Risk Share price has been volatile over the past 3 months (4.7% average weekly change). Reported Earnings • May 30
Full year 2024 earnings released: EPS: LK₨0.60 (vs LK₨0.40 in FY 2023) Full year 2024 results: EPS: LK₨0.60 (up from LK₨0.40 in FY 2023). Revenue: LK₨221.7m (up 11% from FY 2023). Net income: LK₨65.8m (up 50% from FY 2023). Profit margin: 30% (up from 22% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Mar 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 6.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Dividend per share is over 48x cash flows per share. Earnings have declined by 8.1% per year over the past 5 years. Revenue is less than US$1m (LK₨192m revenue, or US$635k). Market cap is less than US$10m (LK₨981.8m market cap, or US$3.25m). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: LK₨0.44 (vs LK₨0.24 loss in 3Q 2023) Third quarter 2024 results: EPS: LK₨0.44 (up from LK₨0.24 loss in 3Q 2023). Revenue: LK₨104.5m (up 51% from 3Q 2023). Net income: LK₨47.5m (up LK₨74.0m from 3Q 2023). Profit margin: 46% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to LK₨8.30. The fair value is estimated to be LK₨10.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 49%. Buying Opportunity • Nov 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be LK₨10.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 49%. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: LK₨0.08 (vs LK₨0.22 in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.08 (down from LK₨0.22 in 2Q 2023). Revenue: LK₨46.2m (down 17% from 2Q 2023). Net income: LK₨8.94m (down 62% from 2Q 2023). Profit margin: 19% (down from 42% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 30
Lotus Hydro Power PLC, Annual General Meeting, Sep 27, 2023 Lotus Hydro Power PLC, Annual General Meeting, Sep 27, 2023, at 11:30 Sri Lanka Standard Time. Location: Park Premier Banquet Hall, Excel World, No. 338 T. B. Jayah Mawatha Colombo 10 Colombo Sri Lanka Agenda: To receive and consider the Annual Report of the Directors and the Audited Financial Statements for the year ended 31st March 2023 together with the Report of the Auditors thereon; to re-elect Krishnamoorthy Gowry Shankar as a Director who retires by rotation in accordance with Article 24(6) of the Articles of Association of the Company; to re-appoint Uditha Harilal Palihakkara who is over 70 years of age as a Director of the Company, by passing the ordinary resolution set out in the Notice of Meeting; to re-appoint Dr.Thirugnanasambandar Senthilverl, who is over 70 years of age as a Director of the Company, by passing the ordinary resolution set out in the Notice of Meeting; to re-appoint KPMG, Chartered Accountants as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company and authorize the Directors to determine their remuneration; and to consider other matters. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (LK₨166m revenue, or US$515k). Market cap is less than US$10m (LK₨1.04b market cap, or US$3.22m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Aug 17
First quarter 2024 earnings released: EPS: LK₨0.02 (vs LK₨0.27 in 1Q 2023) First quarter 2024 results: EPS: LK₨0.02 (down from LK₨0.27 in 1Q 2023). Revenue: LK₨26.7m (down 56% from 1Q 2023). Net income: LK₨2.60m (down 91% from 1Q 2023). Profit margin: 9.8% (down from 48% 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 26% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 08
Upcoming dividend of LK₨1.40 per share at 8.5% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 05 September 2023. Trailing yield: 8.5%. Within top quartile of Sri Lankan dividend payers (7.3%). Higher than average of industry peers (5.9%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to LK₨10.30, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 9x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders of 98% over the past three years. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: LK₨0.40 (vs LK₨0.75 in FY 2022) Full year 2023 results: EPS: LK₨0.40 (down from LK₨0.75 in FY 2022). Revenue: LK₨200.2m (down 11% from FY 2022). Net income: LK₨43.6m (down 47% from FY 2022). Profit margin: 22% (down from 37% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Third quarter 2023 earnings released: LK₨0.24 loss per share (vs LK₨0.28 profit in 3Q 2022) Third quarter 2023 results: LK₨0.24 loss per share (down from LK₨0.28 profit in 3Q 2022). Revenue: LK₨69.1m (down 5.6% from 3Q 2022). Net loss: LK₨26.4m (down 187% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Executive Chairman Gary Seaton was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: LK₨0.22 (vs LK₨0.39 in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.22 (down from LK₨0.39 in 2Q 2022). Revenue: LK₨55.6m (down 27% from 2Q 2022). Net income: LK₨23.5m (down 45% from 2Q 2022). Profit margin: 42% (down from 56% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Lotus Hydro Power PLC, Annual General Meeting, Sep 28, 2022 Lotus Hydro Power PLC, Annual General Meeting, Sep 28, 2022, at 11:30 Indian Standard Time. Location: CENTRAL BANK AUDITORIUM, NO. 58 SRI JAYAWARDENAPURA MAWATHA Rajagiriya Sri Lanka Agenda: To receive and consider the Annual Report of the Directors and the Audited Financial Statements for the year ended 31st March 2022 together with the Report of the Auditors thereon; to re-elect Mr. Gary Donald Seaton who retires by rotation in terms of Article 24 (6) of the Articles of Association of the Company, retires at the Annual General Meeting as a Director; to consider and if thought fit to pass the following ordinary resolution pertaining to the re-appointment of Mr. Uditha Harilal Palihakkara as a Director who is over 70 years of age, in compliance with Section 211 of the Companies Act No.07 of 2007 and whose re-appointment is recommended by the Board of Directors; and to consider other matters. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: LK₨0.27 (vs LK₨0.29 in 1Q 2022) First quarter 2023 results: EPS: LK₨0.27 (down from LK₨0.29 in 1Q 2022). Revenue: LK₨61.2m (down 4.8% from 1Q 2022). Net income: LK₨29.5m (down 6.6% from 1Q 2022). Profit margin: 48% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: LK₨0.76 (vs LK₨1.28 in FY 2021) Full year 2022 results: EPS: LK₨0.76 (down from LK₨1.28 in FY 2021). Revenue: LK₨223.7m (down 6.0% from FY 2021). Net income: LK₨83.4m (down 40% from FY 2021). Profit margin: 37% (down from 59% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Executive Chairman Gary Seaton was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨8.10, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders of 96% over the past three years. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.28 (down from LK₨0.83 in 3Q 2021). Revenue: LK₨73.3m (down 8.6% from 3Q 2021). Net income: LK₨30.4m (down 66% from 3Q 2021). Profit margin: 42% (down from 112% in 3Q 2021). The decrease in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 31% per year. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS LK₨0.39 (vs LK₨0.47 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: LK₨76.4m (down 5.0% from 2Q 2021). Net income: LK₨42.6m (down 16% from 2Q 2021). Profit margin: 56% (down from 64% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year. Upcoming Dividend • Nov 12
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 19 November 2021. Payment date: 09 December 2021. Trailing yield: 8.3%. Within top quartile of Sri Lankan dividend payers (5.8%). Higher than average of industry peers (6.1%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS LK₨0.29 (vs LK₨0.14 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨64.3m (up 33% from 1Q 2021). Net income: LK₨31.6m (up 112% from 1Q 2021). Profit margin: 49% (up from 31% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • May 27
Full year 2021 earnings released: EPS LK₨1.25 (vs LK₨0.036 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: LK₨238.1m (up 16% from FY 2020). Net income: LK₨136.5m (up LK₨132.5m from FY 2020). Profit margin: 57% (up from 1.9% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 12
Upcoming Dividend of LK₨1.00 Per Share Will be paid on the 9th of April to those who are registered shareholders by the 19th of March. The trailing yield of 6.7% is in the top quartile of Sri Lankan dividend payers (4.6%), and it is in line with industry peers (7.0%). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 29% share price gain to LK₨11.70, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 12x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders over the past three years are 142%. Is New 90 Day High Low • Mar 04
New 90-day low: LK₨9.00 The company is down 4.0% from its price of LK₨9.40 on 04 December 2020. The Sri Lankan market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is down 6.0% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS LK₨0.83 (vs LK₨0.54 in 3Q 2020) Third quarter 2021 results: Revenue: LK₨80.2m (down 22% from 3Q 2020). Net income: LK₨90.1m (up 54% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 07
New 90-day high: LK₨10.00 The company is up 45% from its price of LK₨6.90 on 08 September 2020. The Sri Lankan market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 30% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS LK₨0.47 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: LK₨80.4m (up 18% from 2Q 2020). Net income: LK₨51.0m (up 55% from 2Q 2020). Profit margin: 64% (up from 48% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day high: LK₨9.00 The company is up 38% from its price of LK₨6.50 on 14 August 2020. The Sri Lankan market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 28% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 15% share price gain to LK₨9.00, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 12x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders over the past three years are 85%. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 29% share price gain to LK₨8.50, the stock is trading at a trailing P/E ratio of 12.9x, up from the previous P/E ratio of 10x. This compares to an average P/E of 11x in the Renewable Energy industry in Sri Lanka. Total returns to shareholders over the past three years are 64%. Is New 90 Day High Low • Oct 14
New 90-day high: LK₨8.50 The company is up 42% from its price of LK₨6.00 on 16 July 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 38% over the same period. 
