Tea Smallholder Factories Plc
CCSELK:TSML.N000031.40
LKR
+1.20
(+3.97%)
ISIN
LK0284N00006
Return %
Stock
S&P 500
1Y
-36.57
14.20
3Y
-31.29
81.12
5Y
-12.78
68.34
Capital Structure
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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
- CEO
- Romesh H. Walpola
- Full Time Employees
- 411
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Colombo Sri Lanka
- IPO Date
- Aug 1, 1996
- Similar Companies
- Business
- Tea Smallholder Factories PLC is a Sri Lanka-based agribusiness company primarily engaged in the processing, manufacturing, and marketing of Ceylon black tea sourced from independent smallholders and green leaf collectors. Founded on July 30, 1991, and headquartered in Colombo, Sri Lanka, the company operates within the plantation and consumer staples sector, serving as a processing and commercialization intermediary between smallholder agricultural communities and global tea buyers. The company manages a network of processing facilities strategically located in the Galle and Nuwara Eliya districts, including the Hingalgoda, Neluwa Medagama, Halwitigala, Kurupanawa, and Broadlands factories. The company produces and distributes a comprehensive range of tea products and agricultural processing services. Its core product and service offerings comprise Orthodox Black Tea, featuring premium leafy, semi-leafy, tippy, and flowery grades such as Orange Pekoe (OP), Pekoe (PEKOE), Broken Orange Pekoe (BOP), Broken Orange Pekoe Fannings (BOPF), Flowery Broken Orange Pekoe (FBOP), and Flowery Broken Orange Pekoe Fannings (FBOPF); Crush, Tear, Curl (CTC) Black Tea, including high-yield, quick-infusing grades such as CTC Pekoe Dust, CTC Fannings, and broken CTC varieties processed at specialized facilities like Hingalgoda; Smallholder Leaf Procurement and Processing Services, encompassing green leaf reception, weighing, mechanized sorting, withering, rolling, and commercial-scale manufacturing for over 8,000 registered smallholders; Smallholder Extension and Agricultural Services, providing registered farmers with agronomic advisory support, fertilizer and agricultural input distribution, transportation logistics, and micro-advances; and Commercial Warehousing and Auction Services, facilitating the grading, bulk packaging, quality testing, and marketing of finished teas at the Colombo Tea Auction in compliance with Colombo Tea Traders' Association standards. In recent corporate developments, Tea Smallholder Factories PLC underwent a significant ownership transformation in April 2025 when its former major shareholder, John Keells Holdings PLC, divested its entire 37.62 percent equity stake (comprising 11,286,000 ordinary shares) for 395 million Sri Lankan rupees. The shares were acquired by Udapussellawa Plantations PLC, formally transitioning Tea Smallholder Factories PLC into the Browns Plantations cluster under Browns Investments PLC and the overarching LOLC Holdings conglomerate. Following this integration, the company has focused on strategic operational upgrades across its manufacturing base, including investments in factory automation, the deployment of renewable rooftop solar energy installations to enhance energy efficiency, and the renewal of international sustainability and food safety certifications, such as Rainforest Alliance, ISO 22000, and HACCP accreditations across its active production facilities.