6 Sri Lanka Power Stocks Ranked: One Trades at 5.4x… One Is Drowning in Debt

A full FY26 deep-dive into all six listed renewable energy stocks on the Colombo Stock Exchange — WIND, VLL, VPEL, HPWR, LVEF and PAP — ranked across margins, debt, capacity, returns and valuation. This isn't a tip sheet. It's what the audited and provisional FY26 disclosures actually show when you put all six side by side: a spider-web fundamental scorecard, the margin war between the direct operators, a balance-sheet stress test, and a simplified 3-stage DCF per company. What the numbers reveal: VPEL — best gross margin in the sector (83.5%) and the lowest debt, yet trades at the deepest discount to fundamentals HPWR — finance cost (Rs.395M) is bigger than its entire PAT (Rs.178M). Interest cover just 1.5x WIND — the scale leader and IFC-backed, but a 40.5x P/E leaves zero margin for error PAP — capacity jumped +150% in a single year… while a cyclone knocked 3 plants offline for 4 months VLL — revenue fell 29% but PAT barely moved. The "Vidullanka paradox" explained LVEF — trading near book value, but a fund structure that's hard for retail to see through Plus the macro setup: CEB tariff reform, falling interest rates, CEB payment risk, rainfall variability, and Sri Lanka's 70%-renewable-by-2030 target. 📊 Full written report (charts, tables, all data + sources): https://inwestout.com/research/report... Every figure is anchored to CSE-filed interim statements and annual reports. Where VPEL and PAP line items are derived from segment data rather than machine-readable audited accounts, they're clearly marked as estimates — verify the audited FY26 accounts before acting on anything. ⚠️ Disclaimer: This is independent research for educational purposes only. It is NOT investment advice, NOT a recommendation, and NOT a solicitation to buy or sell any security. Past performance does not predict future results. Always do your own research (DYOR) and verify all figures against primary CSE filings. #fyp #foryoupage #stockmarket #CSE #SriLankaStocks #InwestOut #DamithInvest #RenewableEnergy #StockMarket #WindForce #Vidullanka #Panasian #investing