Laxapana PLC
CCSELK:LITE.N000041.90
LKR
+0.90
(+2.20%)
Laxapana PLC
CSELK:LITE.N0000
(Colombo Stock Exchange)
Recent
price
41.90
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Laxapana PLC is a Sri Lanka-based diversified manufacturing and commercial enterprise engaged primarily in the production, assembly, marketing, and distribution of electrical lighting systems, renewable energy solutions, and industrial steel wire products. Founded in 1956 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of E.B. Creasy & Company PLC and caters to residential, commercial, industrial, and institutional sectors across the country. The company operates through three principal business segments: Lighting and Electrical, Renewable Energy, and Hardware and Industrial Products. Its core product and service portfolio comprises energy-efficient LED lighting solutions, including LED bulbs, LED tube lights, recessed and surface slim panel lights, downlights, floodlights, high-bay industrial luminaires, weatherproof battens, and compact fluorescent lamps; turnkey rooftop solar photovoltaic (PV) systems, encompassing engineering, procurement, and construction (EPC) services, on-grid and hybrid solar inverter installations, solar module supply, and post-installation maintenance for residential, commercial, and industrial applications; industrial and construction wire goods, including galvanized iron (GI) wire, drawn wire, wire nails, welded mesh, and barbed wire; and consumer battery products, including dry cell batteries, alkaline batteries, and rechargeable emergency lamps marketed under the Laxapana and Elephant Lite brand names. Geographically, Laxapana PLC concentrates its operational and commercial activities within Sri Lanka, distributing its products through a nationwide network of hardware merchants, electrical dealers, modern trade retail chains, and direct corporate channels. In recent strategic developments, the company rebranded from Laxapana Batteries PLC to Laxapana PLC to reflect its operational diversification away from legacy dry-cell battery manufacturing toward clean technology and industrial hardware. Laxapana PLC has accelerated the expansion of its renewable energy division, scaling up its commercial and industrial rooftop solar EPC portfolio to address domestic energy transition demands. Concurrently, the company has enhanced its domestic assembly and production processes for LED luminaires and wire products to strengthen local value addition, while deepening distribution integration with parent company E.B. Creasy & Company PLC to maximize market reach.