August 2026
Largest Public Companies in Sri Lanka
Benchmark revenue and EBITDA valuation multiples for public comps like
Ceylon Tobacco Company, Dialog Axiata, Cargills Ceylon, SLTMobitel and PickMe.
 | Ceylon Tobacco Co PLC is engaged in manufacturing, marketing and selling cigarettes. Its brand portfolio includes Dunhill, Benson & Hedges, John Players, Bristol, and Capstan. The company derives maximum revenue from the domestic market. | $5 | -1% | $1B | $922M | 4.6x | 5.7x | ||
| Dialog Axiata PLC operates a mobile telecommunications network. It mainly offers the provision of mobile services, data services, international direct dialing services, leasing of passive infrastructure, provision of interconnect services, pay television transmission services, provision of other data services, and digital services. The company serves its customer-facing technology and service delivery infrastructures spanning mobile, fixed line, broadband, digital television, and digital services sectors. Its segments include Mobile operation, Fixed telephony and broadband operation, and Television operation. The company generates its maximum revenue from the Mobile operation segment. | $0 | +19% | $948M | $1.1B | 2.0x | 4.6x | ||
| Cargills (Ceylon) PLC operates a chain of supermarkets and convenience stores. It is engaged in the manufacturing and trading of food and beverage products in Sri Lanka. The company's operating segment includes Food Retailing, Food and Beverage Manufacturing and Distribution, Restaurant, and Real estate. It generates maximum from the Food Retailing segment. The Food Retailing segment operates a chain of retail outlets under the brand names of Food City, Food City Express, and Food Hall. The company processes and markets processed meat, dairy ice cream, yogurt, cheese, milk, nectar and fruit juices, jams, cordials, sauces, and biscuits as well as produces and distributes agricultural seeds. | $2 | -5% | $584M | $704M | 0.8x | 8.6x | ||
| Sri Lanka Telecom PLC is the country’s National ICT Solutions Provider, delivering a broad spectrum of services including fixed and mobile communications, high-speed broadband, cloud, data centre solutions, and enterprise ICT services. The group has three reportable segments Fixed ICT operations includes supply of fixed telecommunication services; Mobile ICT operations includes supply of Mobile telecommunication services; and IPTV operations includes providing of IPTV (Internet Protocol Television services). The Other segment operations include directory publication and support services. | $0 | +32% | $542M | $720M | 2.1x | 5.2x | ||
| Digital Mobility Solutions Lanka PLC is a technological company that specializes in developing mobility-related software. The PickMe software is a platform that facilitates a real time connection between the taxi passenger and the taxi driver, enabling mutual engagement for the receipt and delivery of a seamless service. The company facilitates ride-hailing, food and grocery delivery, parcel delivery, and on-demand trucking services. | $0 | +20% | $163M | $163M | 6.3x | - | ||
| Janashakthi Insurance Co PLC is an insurance company. The company only operates in a Life Insurance business. Its solutions are Protection & Health, Children, Retirement, Savings & Investment, and Corporate business. | $0 | +24% | $102M | $105M | 2.5x | 7.8x | ||
| Softlogic Life Insurance PLC is engaged in the insurance business. It provides life insurance solutions for both individual and corporate customers. The company is structured into business units based on its products and services, with two reportable operating segments; Life policyholder fund and Shareholder fund. A majority of its revenue is generated from the Life policyholder fund, which represents the financial results of the company's interactions with customers, ranging from the sale of insurance policies to claim payments or maturities. The Shareholder fund represents the investment income and their attributable profits. Geographically, the company operates only in Sri Lanka. | $0 | +11% | $93M | $83M | 0.6x | 3.5x | ||
| Hela Apparel Holdings PLC is engaged in providing consultancy and support services to the group companies. The company is engaged in the manufacture of apparel for the export market and in providing front-end services to foreign customers. It manufactures intimate, sportswear and kids' wear product ranges. The company has two reportable segments, the Private Label Manufacturing Division and the Brand Licensing Division. It drives the majority of revenue from its exporting activities. | $0 | -- | $16M | $16M | 0.0x | - | ||
| Duo World Inc is an information technology and software solutions company. Its products include FaceTone, cloud communications and collaborations platform that is offered through public and private cloud and on-site implementations as per business preferences. The Company recognizes revenue from the sale of software licenses and related services. Its application (Dail Desk, FaceTone, and SmoothFlow) provide solutions in the space of Data Analytics, Customer Life Cycle Management, Subscriber Billing and Work Flow. | -- | -- | -- | $9K | $9K | 0.2x | 0.0x | |
| Median | $0 | +19% | $163M | $163M | 2.0x | 5.2x |
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