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R

Ratch Group PCL RATCH.BK · THB

Utilities · SET · 🇹🇭 Thailand

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36.50

+0.69%

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 27.42bn

FY2016FY2025

Net income

THB 6.22bn

FY2016FY2025

Free cash flow

THB 12.22bn

FY2016FY2025

Shareholders' equity

THB 93.45bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 27.42bnTHB 33.13bnTHB 43.98bnTHB 74.73bnTHB 37.33bnTHB 34.21bnTHB 38.36bnTHB 39.52bnTHB 42.00bnTHB 47.58bn
Gross profitTHB 5.67bnTHB 5.83bnTHB 6.22bnTHB 5.44bnTHB 4.21bnTHB 3.98bnTHB 5.14bnTHB 4.35bnTHB 5.15bnTHB 5.96bn
Operating incomeTHB 2.39bnTHB 5.83bnTHB 3.18bnTHB 9.70bnTHB 9.24bnTHB 7.63bnTHB 8.11bnTHB 2.72bnTHB 4.80bnTHB 5.43bn
Net incomeTHB 6.22bnTHB 6.13bnTHB 5.17bnTHB 5.78bnTHB 7.82bnTHB 6.29bnTHB 5.96bnTHB 5.59bnTHB 6.11bnTHB 6.17bn
Diluted earnings per share2.862.822.382.664.994.013.813.563.903.93

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 238.00bnTHB 214.34bnTHB 213.48bnTHB 229.58bnTHB 154.86bnTHB 112.13bnTHB 100.23bnTHB 101.25bnTHB 94.22bnTHB 96.39bn
Cash and short-term investmentsTHB 21.09bnTHB 15.58bnTHB 30.07bnTHB 37.50bnTHB 9.86bnTHB 8.61bnTHB 9.37bnTHB 13.92bnTHB 10.01bnTHB 12.59bn
Total liabilitiesTHB 130.36bnTHB 107.96bnTHB 106.35bnTHB 122.18bnTHB 77.05bnTHB 51.61bnTHB 40.82bnTHB 41.32bnTHB 30.94bnTHB 33.94bn
DebtTHB 111.12bnTHB 93.33bnTHB 89.97bnTHB 98.98bnTHB 61.12bnTHB 43.13bnTHB 32.14bnTHB 33.15bnTHB 21.93bnTHB 24.73bn
Shareholders' equityTHB 93.45bnTHB 97.38bnTHB 98.00bnTHB 98.03bnTHB 70.29bnTHB 60.52bnTHB 59.41bnTHB 59.94bnTHB 63.27bnTHB 62.32bn
Shares outstanding2,175m2,175m2,175m2,175m1,566m1,567m1,565m1,569m1,567m1,567m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 13.65bnTHB 8.14bnTHB 10.48bnTHB 7.50bnTHB 7.15bnTHB 7.29bnTHB 5.59bnTHB 7.17bnTHB 8.21bnTHB 8.71bn
Capital spending−THB 1.43bn−THB 2.05bn−THB 3.07bn−THB 2.39bn−THB 1.89bn−THB 4.63bn−THB 2.46bn−THB 5.39bn−THB 4.74bn−THB 1.54bn
Free cash flowTHB 12.22bnTHB 6.09bnTHB 7.41bnTHB 5.12bnTHB 5.26bnTHB 2.66bnTHB 3.13bnTHB 1.78bnTHB 3.47bnTHB 7.16bn
Dividends paid−THB 3.48bn−THB 3.48bn−THB 3.48bn−THB 3.70bn−THB 3.48bn−THB 3.48bn−THB 3.48bn−THB 3.48bn−THB 3.48bn−THB 3.29bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 11.73bnTHB 10.78bnTHB 10.23bnTHB 5.42bnTHB 6.20bnTHB 5.37bnTHB 6.60bnTHB 9.00bn
Gross profitTHB 1.73bnTHB 2.20bnTHB 1.23bnTHB 1.46bnTHB 1.32bnTHB 1.46bnTHB 1.04bnTHB 1.75bn
Operating incomeTHB 897.4mTHB 1.24bnTHB 220.3mTHB 800.3mTHB 537.3mTHB 635.6mTHB 1.59bnTHB 2.07bn
Net incomeTHB 1.40bnTHB 1.23bnTHB 775.0mTHB 2.17bnTHB 2.06bnTHB 1.22bnTHB 641.6mTHB 1.66bn
Diluted earnings per share0.640.560.361.000.950.560.290.76
Cash from operationsTHB 2.27bnTHB 2.71bnTHB 6.34bnTHB 3.40bnTHB 2.27bnTHB 1.71bnTHB 1.43bnTHB 2.30bn
Capital spending−THB 151.0m−THB 144.0m−THB 384.0m−THB 417.0m−THB 305.0m−THB 336.0m−THB 116.0m−THB 1.09bn
Free cash flowTHB 2.12bnTHB 2.57bnTHB 5.95bnTHB 2.98bnTHB 1.97bnTHB 1.38bnTHB 1.31bnTHB 1.21bn
Total assetsTHB 245.66bnTHB 239.18bnTHB 238.00bnTHB 211.43bnTHB 212.61bnTHB 214.14bnTHB 214.34bnTHB 212.82bn
Cash and short-term investmentsTHB 22.82bnTHB 18.88bnTHB 21.09bnTHB 17.17bnTHB 15.82bnTHB 15.98bnTHB 15.58bnTHB 15.72bn
DebtTHB 29.39bnTHB 106.14bnTHB 111.12bnTHB 91.38bnTHB 91.43bnTHB 91.17bnTHB 90.23bnTHB 92.19bn
Shareholders' equityTHB 100.71bnTHB 99.27bnTHB 93.45bnTHB 94.69bnTHB 94.89bnTHB 98.01bnTHB 97.38bnTHB 93.03bn

Financial ratios

Data as of 14 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2010
Gross margin20.7%17.6%14.1%7.3%11.3%11.6%—
Operating margin8.7%17.6%7.2%13.0%24.8%22.3%—
Net margin22.7%18.5%11.8%7.7%20.9%18.4%—
Return on equity6.7%6.3%5.3%5.9%11.1%10.4%—
Return on assets2.6%2.9%2.4%2.5%5.0%5.6%—
Free cash flow yield18.5%12.5%16.6%12.1%15.4%20.3%—
Revenue growth-17.3%-24.7%-41.1%100.2%9.1%-10.8%—
Earnings growth1.5%18.6%-10.6%-26.0%24.4%5.4%—
Current ratio1.22x1.13x1.26x1.90x1.25x2.69x—
Debt to equity1.19x0.93x0.88x0.98x0.85x0.69x—
Equity ratio39.3%45.4%45.9%42.7%45.4%54.0%—
Interest coverage0.55x1.31x0.72x3.26x4.95x4.92x—
R&D as a share of sales——————0.0%
Buybacks as a share of market value0.0%0.0%0.0%-38.9%0.1%-0.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-28.4%-4.3%-7.1%
Operating income-37.3%-20.7%-7.3%
Net income2.5%-0.2%6.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin19.0%12.9%12.5%12.3%
Operating margin13.6%11.8%15.1%13.5%
Net margin20.4%13.0%14.9%13.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings10.310.713.316.18.312.216.713.212.911.8
Price to sales2.32.01.61.21.82.32.61.91.91.5

Dividends and splits

Per share, in the currency the company pays

Paid for 24 years. Last went ex-dividend on 8 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.501.601.601.602.0512.2232.2232.223

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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