This is a list of largest publicly traded companies on Colombo Stock Exchange by market capitalisation in Sri Lanka . Only the top 50 companies are listed below.
These 50 companies alone account for about 75% of the total market capitalisation of the Colombo Stock Exchange. [1] On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result. [3]
Company | Market capitalisation Rs. (mns) | Percentage of Total market cap. | Sector | Founded | Reference |
---|---|---|---|---|---|
Expolanka Holdings | 276,132 | 7.74 | Transportation | 2003 | [4] |
John Keells Holdings | 188,002 | 5.27 | Capital Goods | 1979 | [5] |
LOLC Finance | 165,396 | 4.64 | Diversified Financials | 2001 | [6] |
LOLC Holdings | 157,648 | 4.42 | Diversified Financials | 1980 | [7] |
Ceylon Tobacco Company | 155,151 | 4.35 | Food, Beverage and Tobacco | 1932 | [8] |
Sri Lanka Telecom | 152,691 | 4.28 | Communication Services | 1974 | [9] |
Distilleries Company of Sri Lanka | 81,880 | 2.30 | Food, Beverage and Tobacco | 1989 | [10] |
Dialog Axiata | 80,827 | 2.27 | Communication Services | 1993 | [11] |
Lanka IOC | 73,480 | 2.06 | Energy | 2002 | [12] |
Browns Investments | 71,849 | 2.01 | Food, Beverage and Tobacco | 2008 | [13] |
Commercial Bank of Ceylon | 69,706 | 1.95 | Banks | 1969 | [14] |
Cargills (Ceylon) | 64,419 | 1.81 | Food and Staples Retailing | 1946 | [15] |
Melstacorp | 62,349 | 1.75 | Food, Beverage and Tobacco | 1998 | [16] |
Sampath Bank | 57,462 | 1.61 | Banks | 1986 | [17] |
Lion Brewery (Ceylon) | 55,960 | 1.57 | Food, Beverage and Tobacco | 1996 | [18] |
Hatton National Bank | 52,816 | 1.48 | Banks | 1970 | [19] |
Carson Cumberbatch | 51,650 | 1.45 | Food, Beverage and Tobacco | 1913 | [20] |
Hayleys | 50,850 | 1.43 | Capital Goods | 1952 | [21] |
Aitken Spence | 50,750 | 1.42 | Capital Goods | 1952 | [22] |
Ceylinco Insurance | 42,920 | 1.20 | Insurance | 1987 | [23] |
Bukit Darah | 42,712 | 1.20 | Food, Beverage and Tobacco | 1961 | [24] |
Hemas Holdings | 37,881 | 1.06 | Capital Goods | 1948 | [25] |
Vallibel One | 37,584 | 1.05 | Capital Goods | 2010 | [26] |
C T Holdings | 37,562 | 1.05 | Food and Staples Retailing | 1928 | [27] |
Ceylon Cold Stores | 36,685 | 1.03 | Food, Beverage and Tobacco | 1866 | [28] |
Richard Pieris & Company | 36,631 | 1.03 | Capital Goods | 1940 | [29] |
Royal Ceramics Lanka | 29,138 | 0.82 | Capital Goods | 1990 | [30] |
LB Finance | 28,312 | 0.79 | Diversified Financials | 1971 | [31] |
Softlogic Life Insurance | 26,925 | 0.76 | Insurance | 1999 | [32] |
Senkadagala Finance | 25,927 | 0.73 | Diversified Financials | 1968 | [33] |
Asiri Hospital Holdings | 25,822 | 0.72 | Health Care Equipment and Services | 1980 | [34] |
John Keells Hotels | 24,026 | 0.67 | Consumer Services | 1979 | [35] |
Ceylon Beverage Holdings | 23,800 | 0.67 | Food, Beverage and Tobacco | 1910 | [36] |
Hunas Holdings | 22,781 | 0.64 | Consumer Services | 1989 | [37] |
WindForce | 22,423 | 0.63 | Independent Power Producers and Energy Traders | 2010 | [38] |
The Lanka Hospitals Corporation | 22,351 | 0.63 | Health Care Equipment and Services | 1997 | [39] |
Teejay Lanka | 22,147 | 0.62 | Consumer Durables and Apparel | 2000 | [40] |
Brown and Company | 21,422 | 0.60 | Capital Goods | 1892 | [41] |
Dilmah Ceylon Tea Company | 20,986 | 0.59 | Food, Beverage and Tobacco | 1981 | [42] |
Sunshine Holdings | 20,909 | 0.59 | Food, Beverage and Tobacco | 1973 | [43] |
Chevron Lubricants Lanka | 19,872 | 0.56 | Materials | 1992 | [44] |
Aitken Spence Hotel Holdings | 19,807 | 0.56 | Consumer Services | 1978 | [45] |
PGP Glass Ceylon | 18,907 | 0.53 | Materials | 1956 | [46] |
Union Assurance | 18,032 | 0.51 | Insurance | 1987 | [47] |
CIC Holdings | 17,904 | 0.50 | Materials | 1964 | [48] |
Overseas Realty (Ceylon) | 17,900 | 0.50 | Real estate | 1980 | [49] |
Nations Trust Bank | 17,542 | 0.49 | Banks | 1999 | [50] |
National Development Bank | 17,337 | 0.49 | Banks | 1979 | [51] |
DFCC Bank | 16,878 | 0.47 | Banks | 1955 | [52] |
Haycarb | 16,580 | 0.46 | Materials | 1973 | [53] |
Source: Colombo Stock Exchange, 20 May 2023
Distilleries Company of Sri Lanka PLC (DCSL) is a diversified Sri Lankan conglomerate listed on the Colombo Stock Exchange with a market capitalisation of US$600 Million. It was one of the first Sri Lankan companies included in Forbes's list of non-US Best Managed companies valued under US$1 billion. The company has also been featured in the business magazine Business Today as one of its Top 10 listed companies in Sri Lanka.
Nations Trust Bank PLC is one of the listed banks in Sri Lanka with 96 branches, 99 ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka. Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka.
John Keells Holdings PLC (JKH) is one of the largest conglomerate companies in Sri Lanka. From managing hotels and resorts in Sri Lanka and the Maldives to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running a chain of supermarkets, tea broking to stock broking, life insurance and banking to real estate, the Group of companies has made its presence felt in virtually every major sphere of the economy.
Hayleys PLC, founded in 1878, is a multinational and diversified conglomerate company in Sri Lanka with business spanning over 16 sectors, catering to 70 markets worldwide. Hayleys accounts for approximately 4.2% of Sri Lanka's export income, and 3.9% of the country's tea and 4.5% of its rubber production. With over 30,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco-solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 130 business units and subsidiaries, nine of which are publicly listed in the Colombo Stock Exchange. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand and marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK and USA and its products are sold in 80 countries.
Ceylon Cold Stores (CCS), trading as Elephant House, is a Sri Lankan company which produces carbonated drinks, ice cream and processed meat products. Despite competition from global competitors such as Coca-Cola and Pepsi, Elephant Soft Drinks remains the market leader in Sri Lanka.
LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company was incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million. C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD.
Cinnamon Hotels & Resorts is a major Sri Lankan luxury hotel chain brand. Cinnamon Hotels was recognised as the most valuable hospitality brand in Sri Lanka for 2019 with a brand equity of seven billion Sri Lankan Rupees. Philip Kotler, the renowned marketing author included a 10-page reference of the brand in his 2010 co-authored book, Asian Competitors: Marketing For Competitiveness In The Age Of Digital Consumers on the effective use of social media and various digital initiatives.
John Keells Hotels PLC is a hotel holding company in Sri Lanka. John Keells built its first resort in 1973 in Habarana. John Keells' hotel management company operated under several names. In the 1970s, the company was known as Walkers Tours Hotels. Then in the 1980s, it was known as simply Hotel Management & Marketing Services, and finally, in the 1990s, the company became to known as John Keells Hotels. John Keells ventured into the Maldives in 1996 with the acquisition of Velidhu Resort Hotel. In 2004, the hotel chain underwent a major restructuring. All resorts were brought under John Keells Hotels Limited, and the company was listed on the Colombo Stock Exchange.
Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo. For the financial year 2019/20, Chevron Lubricants Lanka was ranked 67th in LMD 100, a list of listed companies by revenue in Sri Lanka.
Cinnamon Lakeside Colombo, trading as Trans Asia Hotels PLC, is a five-star luxury hotel located in Colombo, Sri Lanka. The hotel is listed on the Colombo Stock Exchange and John Keells Holdings owns a stake of 92% of the company's shares, 48% directly and 43% through its subsidiary Asian Hotels and Properties PLC. Cinnamon Lakeside Colombo has 346 rooms including 20 suites.
Singer PLC is a Sri Lankan holding company engaged in retailing and wholesale marketing home appliances and furniture. The company is also taking part in financial services and manufacturing businesses. The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. Brand Finance ranked the company 15th most valuable brand in Sri Lanka in its annual list of top 100 brands.
L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.
Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. LMD, a Sri Lankan business magazine placed the company 38th in the LMD 100, a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.
People's Leasing & Finance PLC, sometimes called People's Leasing Company or commonly abbreviated PLC, is a licensed non-banking financial company in Sri Lanka. The company is ranked 30th in LMD 100, an annual list of leading listed companies in Sri Lanka. Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka. The company was incorporated in 1995 and in 2010 listed on the Colombo Stock Exchange. 75% of the shares of the company is held by the People's Bank, one of the two government-held banks of Sri Lanka.
Dipped Products PLC is a rubber glove manufacturer in Sri Lanka. The company also manages rubber and tea plantations. The company was incorporated in 1976 and listed on the Colombo Stock Exchange in 1983. The company is one of the components of the S&P Sri Lanka 20 Index. Sri Lankan conglomerate, Hayleys is the effective controlling shareholder of Dipped Products. The company was ranked 26th in LMD 100, an annual list of quoted companies in Sri Lanka by revenue.
Brown and Company PLC, sometimes called Browns Group, is a conglomerate holding company in Sri Lanka. The company was founded by James Brown, a 25-year-old engineer and mechanic from London who arrived in Ceylon in 1872. In 1892, the company was incorporated and in 1991 the company became a listed company on the Colombo Stock Exchange. The company was included in S&P Sri Lanka 20 Index in June 2021. Brown and Company is one of the LMD 100 companies, an annual list of Sri Lankan listed companies by revenue, having ranked 42nd in the 2020/21 edition.
Ceylon Grain Elevators PLC is an animal feed manufacturing company in Sri Lanka. The company was incorporated in 1982 as a result of an agreement between the Government of Sri Lanka and Prima Limited of Singapore. The company was listed on the Colombo Stock Exchange in 1984. Singapore-based, Prima Limited holds a controlling stake in the company's stocks. Ceylon Grain Elevators is part of the Prima Group in Sri Lanka. The company is ranked 50th in LMD 100, an annual list of listed companies in Sri Lanka by revenue.
Union Assurance PLC is an insurance company in Sri Lanka. Union Assurance was founded in 1987 and was listed on the Colombo Stock Exchange in the following year. In 2009, John Keells Holdings acquired a controlling stake in the company. The company divested its general insurance business to Fairfirst Insurance and focused on life insurance in 2015. The company was a constituent of Forbes Asia's Best Under a Billion list in 2018. Union Assurance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in Sri Lanka.
LOLC Finance PLC is a non-banking financial company based in Sri Lanka. LOLC Holdings is the ultimate parent company of LOLC Finance. The company was founded as LOLC Finance Company Limited in 2001. In 2003, the company changed its name to Lanka ORIX Finance Company and commenced operations. Lanka ORIX Finance Company became a public company in 2011 with its listing on the Colombo Stock Exchange. The company adopted its current name in 2015. LOLC Finance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in the country. LOLC Finance has been a constituent of the S&P Sri Lanka 20 Index since the end of 2021. LOLC Finance merged with its sister company, Commercial Leasing & Finance PLC in 2022. The merger resulted in LOLC Finance becoming the largest non-banking financial company in the country.