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T

Thantawan Industry PCL THIP.BK · THB

Materials · SET · 🇹🇭 Thailand

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22.50

+1.35%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 4.83bn

FY2016FY2025

Net income

THB 206.7m

FY2016FY2025

Free cash flow

THB 161.8m

FY2016FY2025

Shareholders' equity

THB 2.81bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 4.83bnTHB 4.28bnTHB 3.41bnTHB 4.07bnTHB 3.76bnTHB 3.20bnTHB 3.03bnTHB 3.05bnTHB 2.89bnTHB 2.68bn
Gross profitTHB 802.3mTHB 863.0mTHB 654.7mTHB 774.5mTHB 796.7mTHB 752.0mTHB 601.3mTHB 591.3mTHB 570.5mTHB 644.1m
Research and development——THB 4.7mTHB 5.0mTHB 2.6mTHB 1.6m————
Operating incomeTHB 309.8mTHB 419.3mTHB 269.0mTHB 421.5mTHB 462.0mTHB 405.1mTHB 284.9mTHB 295.0mTHB 329.8mTHB 403.8m
Net incomeTHB 206.7mTHB 329.0mTHB 288.5mTHB 363.0mTHB 382.8mTHB 347.8mTHB 244.5mTHB 258.4mTHB 277.0mTHB 324.0m
Diluted earnings per share2.303.663.214.034.253.862.472.612.783.27

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 4.36bnTHB 3.76bnTHB 3.17bnTHB 3.03bnTHB 2.96bnTHB 2.51bnTHB 2.21bnTHB 2.06bnTHB 1.96bnTHB 1.78bn
Cash and short-term investmentsTHB 1.21bnTHB 811.1mTHB 1.23bnTHB 387.1mTHB 440.3mTHB 786.7mTHB 567.3mTHB 449.0mTHB 604.1mTHB 584.1m
Total liabilitiesTHB 1.56bnTHB 999.3mTHB 522.4mTHB 509.9mTHB 643.5mTHB 497.4mTHB 398.4mTHB 399.4mTHB 454.4mTHB 433.2m
DebtTHB 673.9mTHB 285.6mTHB 33.8mTHB 36.8mTHB 51.7mTHB 53.6mTHB 7.6mTHB 4.9mTHB 7.8mTHB 4.0m
Shareholders' equityTHB 2.81bnTHB 2.77bnTHB 2.64bnTHB 2.52bnTHB 2.31bnTHB 2.01bnTHB 1.81bnTHB 1.66bnTHB 1.51bnTHB 1.34bn
Shares outstanding90m90m90m90m90m90m99m99m100m99m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 493.8m−THB 58.8mTHB 478.8mTHB 519.4mTHB 236.6mTHB 475.9mTHB 357.9mTHB 233.7mTHB 309.8mTHB 336.8m
Capital spending−THB 332.1m−THB 147.3m−THB 35.2m−THB 123.7m−THB 190.4m−THB 80.1m−THB 146.2m−THB 293.7m−THB 184.8m−THB 78.1m
Free cash flowTHB 161.8m−THB 206.0mTHB 443.6mTHB 395.6mTHB 46.2mTHB 395.9mTHB 211.6m−THB 59.9mTHB 125.0mTHB 258.7m
Dividends paid−THB 144.7m−THB 207.0m−THB 168.7m−THB 148.4m−THB 86.0m−THB 137.3m−THB 100.1m−THB 100.0m−THB 113.4m−THB 84.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 1.19bnTHB 1.03bnTHB 1.16bnTHB 1.15bnTHB 1.23bnTHB 1.28bnTHB 1.22bnTHB 1.17bn
Gross profitTHB 229.1mTHB 165.1mTHB 200.0mTHB 182.1mTHB 245.2mTHB 257.0mTHB 248.4mTHB 214.9m
Operating incomeTHB 88.3mTHB 24.0mTHB 67.9mTHB 38.3mTHB 83.8mTHB 117.6mTHB 113.2mTHB 77.9m
Net incomeTHB 76.7mTHB 27.8mTHB 40.7mTHB 17.9mTHB 60.7mTHB 87.3mTHB 85.2mTHB 62.1m
Diluted earnings per share0.850.310.450.200.670.970.950.69
Cash from operations−THB 36.0m−THB 29.0m−THB 5.0mTHB 3.0mTHB 326.0mTHB 160.0mTHB 14.0m−THB 108.0m
Capital spending−THB 28.0m−THB 49.0m−THB 4.0m−THB 92.0m−THB 128.0m−THB 107.0m−THB 70.0m−THB 30.0m
Free cash flow−THB 64.0m−THB 78.0m−THB 9.0m−THB 89.0mTHB 198.0mTHB 53.0m−THB 56.0m−THB 138.0m
Total assetsTHB 4.10bnTHB 4.17bnTHB 4.36bnTHB 4.19bnTHB 4.17bnTHB 3.71bnTHB 3.76bnTHB 3.32bn
Cash and short-term investmentsTHB 843.5mTHB 1.02bnTHB 1.21bnTHB 1.08bnTHB 1.12bnTHB 859.8mTHB 811.1mTHB 875.9m
DebtTHB 324.5mTHB 335.8mTHB 440.0mTHB 338.9mTHB 205.5mTHB 73.2mTHB 26.9mTHB 18.9m
Shareholders' equityTHB 2.83bnTHB 2.84bnTHB 2.81bnTHB 2.77bnTHB 2.81bnTHB 2.85bnTHB 2.77bnTHB 2.68bn

Financial ratios

Data as of 30 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin16.6%20.2%19.2%19.0%21.2%23.5%
Operating margin6.4%9.8%10.0%10.4%12.3%12.7%
Net margin4.3%7.7%8.5%8.9%10.2%10.9%
Return on equity7.4%11.9%10.9%14.4%16.5%17.3%
Return on assets4.7%8.7%9.1%12.0%12.9%13.8%
Free cash flow yield41.1%4.4%25.6%32.0%21.3%27.7%
Revenue growth13.0%25.4%-16.2%8.3%17.6%5.6%
Earnings growth-37.2%14.0%-20.5%-5.2%10.1%42.2%
Current ratio2.70x3.66x4.87x3.21x2.93x3.87x
Debt to equity0.16x0.02x0.01x0.01x0.01x0.01x
Equity ratio64.3%73.5%83.5%83.1%78.2%80.2%
Interest coverage12.83x80.40x121.34x145.05x242.79x184.98x
R&D as a share of sales——0.1%0.1%0.1%0.0%
Buybacks as a share of market value0.0%0.0%0.0%0.0%0.0%9.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.8%8.6%7.6%
Operating income-9.8%-5.2%0.2%
Net income-17.1%-9.9%-1.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin18.3%18.7%19.7%20.1%
Operating margin8.0%8.6%9.7%10.4%
Net margin5.9%7.2%8.1%8.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.87.79.39.97.57.76.78.110.810.2
Price to sales0.40.60.80.90.80.80.50.71.01.2

Dividends and splits

Per share, in the currency the company pays

Paid for 30 years. Last went ex-dividend on 18 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.951.652.301.751.751.0751.4551.01
  • 9-for-8 split · 5 May 2021
  • 10-for-1 split · 21 Jul 2017

Sources and methodology

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

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