Richard Pieris & Co PLC
CCSELK:RICH.N000025.70
LKR
-0.40
(-1.53%)
Richard Pieris & Co PLC
CSELK:RICH.N0000
(Colombo Stock Exchange)
Recent
price
25.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Richard Pieris & Company PLC operates as a diversified conglomerate holding company based in Sri Lanka, engaging in retail, tyre retreading, plastics and polymers, rubber manufacturing, plantations, financial services, and logistics. Founded in 1932 and headquartered in Maharagama, Colombo, Sri Lanka, the company conducts its business through multiple operating segments: Retail, which operates modern trade chains including Arpico Supercentres, Arpico Superstores, and Arpico Daily supermarkets offering groceries, fresh produce, fast-moving consumer goods, household appliances, and electronics; Tyre and Retreading, which manufactures and distributes tyre retreading materials, precured tread rubber, cushion gums, two-wheeler tyres, industrial solid tyres, and automotive tubes, alongside tyre retreading services under the Arpico brand; Plastics and Polymers, which produces rotational-moulded water storage tanks under the Arpico Plastishells brand, PVC pipes and fittings, septic tanks, water pumps, industrial storage containers, and household plastic goods; Rubber and Sleep Solutions, which manufactures 100% natural latex foam mattresses, hybrid and spring mattresses, pillows, cushions, and bedding accessories, as well as engineered rubber components, agricultural and anti-static mats, and extruded rubber profiles for domestic and export markets; Plantations, which cultivates, processes, and markets black tea, natural rubber, oil palm, coconut, and cinnamon through managed plantation subsidiaries, including Kegalle Plantations PLC, Maskeliya Plantations PLC, and Namunukula Plantations PLC; Financial Services, which provides fixed deposits, leasing, hire purchase, business loans, mortgage financing, Islamic finance solutions, life insurance policies, and stockbroking services through Richard Pieris Finance Limited, Arpico Insurance PLC, and Richard Pieris Securities (Pvt) Ltd; and Logistics and Other Services, which delivers cargo handling, freight forwarding, international shipping agency, and warehouse distribution solutions. The company serves individual consumers, commercial enterprises, industrial clients, and agricultural sectors across Sri Lanka, while exporting value-added rubber, polymer, and plantation commodities to international markets across North America, Europe, Asia, the Middle East, and Australasia. In recent corporate developments, Richard Pieris & Company PLC has focused on operational optimization and network modernization, executing strategic branch relocations and upgrades for Richard Pieris Finance Limited, advancing digital transformation across its financial and retail service channels to improve customer engagement, investing in sustainable agricultural processing across its plantation subsidiaries, and carrying out board-level governance restructuring to strengthen corporate oversight and strategic expansion.