21st Sarasaviya Awards
The 21st Sarasaviya Awards festival, presented by the Associated Newspapers of Ceylon Limited, was held to honor the best films of 1992 Sinhala cinema on March 20, 1993, at the Bandaranaike Memorial International Conference Hall, Colombo 07, Sri Lanka at 6:00 p.m. Prime Minister D. B. Wijetunga was the chief guest at the awards nights.
The film Kulageya won the most awards with five including Best Film.
Awards
| Category | Film |
| Popular films included in the festival | - |
| Popular films included in the festival | Raja Daruwo |
| Popular films included in the festival | Umayangana |
| Popular films included in the festival | Sinhayanth Sinhaya |
| Popular films included in the festival | Malsara Doni |
| Popular films included in the festival | Chandi Rejina |
| Popular films included in the festival | Okkoma Kanapita |
| Popular films included in the festival | Kulageya |