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    Basic Materials

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    Paper, Lumber & Forest Products
PT Alkindo Naratama Tbk

PT Alkindo Naratama Tbk

ALDO.JK
PT Alkindo Naratama TbkID flagIndonesia Stock Exchange
700.00
IDR
+20.00
- -
1.89TMarket Cap
PT Alkindo Naratama Tbk
ALDO.JK
(Indonesia Stock Exchange)

Recent

price

700.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
162.23
168.33
211.17
261.16
284.68
352.41
374.78
623.12
519.31
482.18
661.68
532.3
622.92
687.56
784.7
804.03
Revenue per Share
- -
4.03
4.88
7.18
5.81
7.27
7.54
6.96
12.67
26.67
22.05
34.44
24.8
1.02
-3.2
13
15.33
Basic EPS, GAAP
- -
-15.16
-6.63
-19.81
-7.99
-5.92
-2.47
-25.44
-13.19
-22.3
-20
-51.84
-132.28
-20.18
-16.19
-9.8
-8.02
Free Cash Flow per Basic Share
- -
2.23
1.24
- -
0.44
1.04
- -
- -
0.47
0.57
0.53
0.74
0.79
0.49
0.5
0.5
- -
Dividend per Share
- -
40.6
37.27
44.46
49.86
57.13
64.67
71.63
83.84
127.19
136.29
185.52
179.43
178.53
171.72
183.49
188.41
Book Value per Share
- -
58.7
56.86
73.97
78.69
90.39
106.23
190.72
235.53
252.64
257.29
319.38
290.53
305.31
380.19
391.2
396.02
Tangible Book Value per Share
- -
1,509
1,891
1,891
1,891
1,891
1,891
1,891
1,891
2,111
2,294
2,202
2,634
2,653
2,701
2,701
2,701
Basic Weighted Avg Shares
- -
244,803
318,332
399,346
493,882
538,363
666,434
708,741
1,178,379
1,096,436
1,105,921
1,457,267
1,401,914
1,652,496
1,856,914
2,119,242
2,171,445
Sales/Revenue/Turnover
- -
6.72
7.41
9.59
7.41
8.03
6.59
6.87
13.02
13.05
8.62
9.81
7.41
2.81
2.5
4.69
5.74
Operating Margin (%)
- -
1,031
1,742
2,387
2,971
3,204
3,189
3,542
4,899
5,586
6,184
6,234
6,518
6,517
6,595
7,088
7,186
Depreciation Expense
- -
6,087
9,224
13,581
10,995
13,744
14,255
13,170
23,966
56,315
50,565
75,859
65,304
2,719
-8,642
35,118
41,398
Net Income, GAAP
- -
25.17
25.47
25.16
25.32
25.81
25.46
24.82
27.34
- -
22.19
22.35
22.49
39.27
- -
25.51
43.3
Effective Tax Rate (%)
- -
2.49
2.9
3.4
2.23
2.55
2.14
1.86
2.03
5.14
4.57
5.21
4.66
0.16
-0.47
1.66
1.91
Profit Margin (%)
-378
18,161
30,712
45,103
56,048
63,446
96,501
123,399
194,130
236,136
232,639
322,291
206,103
196,808
179,893
174,081
180,650
Working Capital
7,511
6,861
3,698
7,702
8,458
5,182
746
146,965
116,525
83,828
35,235
100,754
277,023
237,661
227,529
150,834
129,873
LT Debt
50,531
88,575
107,536
139,883
148,804
170,929
200,888
360,666
445,407
533,406
590,124
703,403
765,169
809,938
1,026,774
1,056,529
1,069,527
Total Equity
- -
10.91
12.27
16.1
12.52
12.89
12.43
7.98
16.45
- -
10.16
13.34
7.22
2.11
- -
4.51
4.16
Return on Invested Capital (%)
- -
7.87
6.91
5.11
3.39
4.65
4.29
1.18
5.29
- -
8.47
10.05
9.37
2.82
- -
6.41
5.95
Return on Capital (%)
- -
11.99
14
17.57
12.33
13.59
12.38
10.22
16.3
26.37
17.4
21.04
14.82
0.57
-1.84
7.32
8.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
407,459
461,404
512,150
LT Borrowings
171,470
150,834
129,873
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,698
2,696
2,695
Market Capitalization
1,334,153
2,160,571
1,539,407

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
957,134
1,025,555
1,053,098
Cash, Cash Equivalents & STI
68,755
82,327
67,383
Accounts Receivable, Net
409,334
434,383
461,981
Inventories
424,933
457,762
457,616
Total Current Liabilities
793,050
851,473
872,449
Payables & Accruals
- -
- -
- -
ST Debt
407,459
461,404
512,150
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.45%
12.7%
2.9%
Free Cash Flow
112.15%
42.34%
-39.44%
Net Income, GAAP
-78.11%
-196.79%
-506.36%
Sales/Revenue/Turnover
16.27%
14.47%
14.13%
Total Cash Common Dividend
- -
5.89%
-0.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
483,849
395,298
482,699
495,069
1,856,914
2025
482,243
519,254
554,805
562,941
2,119,242
2026
534,445
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.83
- -
- -
- -
-3.2
2025
2.67
- -
- -
- -
13
2026
5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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Business
PT Alkindo Naratama Tbk is an Indonesian manufacturer specializing in converted paper products and chemical distribution, founded in 1989 and headquartered in Bandung, Indonesia. The company produces and sells a range of paper products including paper tubes (used as bobbins for textile yarn), paper cores (used for film, paper, cloth, and tin foil winding), honeycomb board, edge protectors, paper pallets, paper boxes, and paper bags with an emphasis on eco-friendly packaging solutions. Additionally, Alkindo operates in the chemicals segment, offering adhesives, coating materials, textile chemicals, and specialty chemicals through its subsidiaries Swisstex Naratama Indonesia and Alfa Polimer Indonesia. The company also provides integrated logistic services related to its products. Key recent developments include a share repurchase program announced in early 2025 aimed at maintaining fair share prices, which was subsequently shortened in duration. Alkindo continues to pursue strategic expansions particularly in eco-friendly packaging products and maintains significant domestic market penetration while exporting to various countries. Operationally, the company sustains stringent quality control and uses advanced production technologies to support product strength and sustainability. Alkindo functions as a public company listed on the Indonesia Stock Exchange and remains part of the PT Golden Arista International group. The company serves diverse industrial clients including textile producers and packaging manufacturers primarily in Indonesia, with its manufacturing facilities and main office located in Cipendeuy, Padalarang, West Bandung. Alkindo’s product portfolio and services cater to sectors requiring durable paper-based packaging, chemical adhesion solutions, and related chemical products for industrial applications, underscoring its integrated approach in the paper and chemical industry segments. This comprehensive operational model, encompassing manufacturing, chemical distribution, and logistics, positions Alkindo Naratama as a significant player in Indonesia's paper converting and specialty chemicals markets, with ongoing strategic efforts to enhance market competitiveness and product innovation.