Why is Access Engineering Plc ?
1
Poor Management Efficiency with a low ROCE of 9.71%
- The company has been able to generate a Return on Capital Employed (avg) of 9.71% signifying low profitability per unit of total capital (equity and debt)
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.68 times
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.68 times
- The company has been able to generate a Return on Capital Employed (avg) of 9.71% signifying low profitability per unit of total capital (equity and debt)
3
Negative results in Dec 25
- OPERATING CASH FLOW(Y) Lowest at LKR -2,999.1 MM
- DEBT-EQUITY RATIO (HY) Highest at 105.14 %
- INTEREST(Q) At LKR 626.69 MM has Grown at 10.15%
4
With ROE of 16.12%, it has a expensive valuation with a 1.74 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 81.64%, its profits have fallen by -21.7%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Construction)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Access Engineering Plc for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Access Engineering Plc
-100.0%
6.38
32.42%
Sri Lanka CSE All Share
41.16%
2.63
15.67%
Quality key factors
Factor
Value
Sales Growth (5y)
14.81%
EBIT Growth (5y)
36.09%
EBIT to Interest (avg)
2.29
Debt to EBITDA (avg)
2.68
Net Debt to Equity (avg)
0.63
Sales to Capital Employed (avg)
0.46
Tax Ratio
22.58%
Dividend Payout Ratio
31.70%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
9.71%
ROE (avg)
13.06%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
1.74
EV to EBIT
10.67
EV to EBITDA
9.73
EV to Capital Employed
1.39
EV to Sales
2.79
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
13.05%
ROE (Latest)
16.12%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
2What is working for the Company
NET SALES(9M)
Higher at LKR 36,077.72 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 2.19 times
-9What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at LKR -2,999.1 MM
DEBT-EQUITY RATIO
(HY)
Highest at 105.14 %
INTEREST(Q)
At LKR 626.69 MM has Grown at 10.15%
RAW MATERIAL COST(Y)
Grown by 19.48% (YoY
OPERATING PROFIT MARGIN(Q)
Lowest at 21.69 %
Here's what is working for Access Engineering Plc
Debtors Turnover Ratio
Highest at 2.19 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Net Sales
Higher at LKR 36,077.72 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Sales (LKR MM)
Depreciation
Highest at LKR 323.13 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (LKR MM)
Here's what is not working for Access Engineering Plc
Operating Cash Flow
Lowest at LKR -2,999.1 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (LKR MM)
Interest
At LKR 626.69 MM has Grown at 10.15%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (LKR MM)
Debt-Equity Ratio
Highest at 105.14 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Operating Profit Margin
Lowest at 21.69 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Raw Material Cost
Grown by 19.48% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






