Industrial Asphalts (Ceylon) PLC
CCSELK:ASPH.N00000.50
LKR
-0.10
(-16.67%)
ISIN
LK0089N00009
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
66.67
81.12
5Y
25.00
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 5
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- Peliyagoda Sri Lanka
- IPO Date
- Sep 24, 1987
- Website
- iac.lk
- Similar Companies
- Business
- Industrial Asphalts (Ceylon) PLC is a Sri Lanka-based investment holding company that engages in property leasing, asset management, and the distribution and development of bitumen and protective coating products. Founded on June 30, 1964, and headquartered in Peliyagoda, Sri Lanka, the company historically pioneered the local bituminous manufacturing industry and serves infrastructure contractors, civil engineering firms, commercial property developers, and industrial clients across Sri Lanka and the wider South Asian region. The company operates through investment and industrial segments, offering a portfolio of products and services that includes cationic and anionic bitumen emulsions across rapid, medium, and slow setting grades; bitumen cutbacks and road prime coats marketed under the SEALKOTE brand; cold-applied mastic crack sealants and waterproofing fillers under the NOLEAK brand; automotive underbody anti-corrosive coatings under the AUTOSYL brand; roofing felt adhesives, reflective roof sealants, and membrane coatings under the FELT FIX and Bitkote brands; specialty chemical and industrial sealants under the EXCHEMIE brand; commercial real estate leasing; and fixed-income and equity investment management services. In recent developments, the company restructured its core operating model into an investment holding structure following the strategic divestment of its legacy decorative paints and surface coatings division under the BRITEX brand. To expand its industrial footprint, the company formed a 60:40 joint venture with Singapore-based Hiin Holdings Ltd to develop a commercial bitumen storage tank terminal at the Hambantota International Port, targeting regional export and bunkering markets. Additionally, the company entered a major ownership transition following an agreement by a consortium comprising Arcasia Investment & Trading (Pvt) Ltd and ATX Partners (Pvt) Ltd to acquire a 50.16% controlling stake, initiating a takeover process alongside regulatory compliance updates on the Colombo Stock Exchange.