Bangchak Sriracha Public Company Limited

Bangchak Sriracha Public Company Limited

BSRC.BK
Bangchak Sriracha Public Company LimitedTH flagStock Exchange of Thailand
3.08
THB
- -
- -
10.66BMarket Cap
Bangchak Sriracha Public Company Limited
BSRC.BK
(Stock Exchange of Thailand)

Recent

price

3.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
47.07
51.81
59.44
69.95
70.01
63.04
48.99
43.48
51.24
57.51
48.69
35.73
48.3
71.22
64.31
68.98
63.77
Revenue per Share
1.29
0.48
0.27
-0.49
-0.11
-2.98
0.49
1.92
2.11
0.64
-0.89
-2.29
1.28
2.75
0.23
-0.49
-1.33
Basic EPS, GAAP
0.3
0.37
-2.93
2.47
-0.95
-0.64
1.73
1.7
2.91
0.22
-3.42
-0.36
-0.03
-1.59
2.7
1.6
1.91
Free Cash Flow per Basic Share
0.25
0.25
0.4
0.05
0.05
- -
- -
- -
- -
1.2
0.1
- -
- -
0.5
0.3
0.33
0.08
Dividend per Share
5.58
5.97
5.65
5.11
4.99
2.01
2.5
4.42
6.46
5.87
4.88
2.6
3.88
6.58
6.47
5.69
5.2
Book Value per Share
6.82
7.09
6.99
6.54
6.32
3.39
3.94
5.96
8.1
7.42
6.34
4.1
5.51
8.32
8.1
7.22
6.71
Tangible Book Value per Share
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,461
3,438
Basic Weighted Avg Shares
162,910
179,305
205,710
242,073
242,305
218,187
169,535
150,500
177,356
199,059
168,530
123,649
167,151
246,487
222,562
238,734
219,233
Sales/Revenue/Turnover
3.93
1.2
1.58
0.15
0.23
-5.43
1.37
5.47
4.99
1.23
-2.44
-8.05
3.32
4.81
0.44
-0.91
-2.6
Operating Margin (%)
2,009
2,022
1,297
2,173
2,184
2,150
2,197
2,036
1,974
2,011
2,046
2,586
2,825
2,806
2,912
3,396
3,412
Depreciation Expense
4,450
1,653
940
-1,699
-379
-10,307
1,700
6,649
7,288
2,225
-3,066
-7,911
4,443
9,508
780
-1,689
-4,568
Net Income, GAAP
28.15
25.52
67.99
- -
990.9
- -
14.23
18.96
18.93
16.16
- -
- -
19.12
19.61
12.39
- -
11.84
Effective Tax Rate (%)
2.73
0.92
0.46
-0.7
-0.16
-4.72
1
4.42
4.11
1.12
-1.82
-6.4
2.66
3.86
0.35
-0.71
-2.08
Profit Margin (%)
-5,009
4,178
-215
5,438
-263
-14,060
-8,478
-2,366
1,264
-2,302
-4,698
-12,525
-8,223
4,524
13,790
6,901
6,187
Working Capital
5,500
15,750
13,084
17,725
11,013
9,600
12,000
9,400
3,800
1,600
4,167
8,773
6,399
6,284
17,355
12,207
13,318
LT Debt
24,075
24,929
24,539
22,932
22,117
11,920
13,769
20,752
28,182
25,832
22,118
14,360
19,208
28,925
28,323
25,181
23,205
Total Equity
9.16
3.05
1.8
- -
-9.01
- -
4.33
15.19
16.22
4.62
- -
- -
9.13
15.98
1.35
- -
- -
Return on Invested Capital (%)
10.55
4.02
2.22
- -
-18.21
- -
5.88
18.56
20.79
6.91
- -
- -
11.01
18.43
2.5
- -
4.23
Return on Capital (%)
25.01
8.28
4.68
-9.13
-2.17
-85.11
21.78
55.5
38.7
10.43
-16.47
-61.09
39.62
52.51
3.46
-8.03
-22.45
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
14,308
13,867
10,369
LT Borrowings
10,493
11,578
11,625
LT Finance Leases
1,714
1,710
1,693
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,461
3,461
3,461
Market Capitalization
28,035
18,980
14,990

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
33,052
33,103
27,304
Cash, Cash Equivalents & STI
1,191
503
1,453
Accounts Receivable, Net
11,030
11,006
9,520
Inventories
16,467
17,877
13,132
Total Current Liabilities
26,151
24,490
21,117
Payables & Accruals
11,430
10,219
10,209
ST Debt
14,308
13,867
10,369
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.54%
7.22%
-11.09%
Free Cash Flow
226.66%
863.98%
-40.82%
Net Income, GAAP
-41.53%
-58.45%
-316.36%
Sales/Revenue/Turnover
3.48%
10.71%
7.27%
Total Cash Common Dividend
- -
- -
10%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
59,298
51,603
55,254
56,406
222,562
2024
60,146
63,781
56,881
57,925
238,734
2025
54,908
49,518
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.15
-0.39
1.02
- -
0.23
2024
0.25
0.06
-0.5
- -
-0.49
2025
0.06
-0.58
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.3
2024
- -
- -
0.08
- -
0.33
2025
- -
- -
- -
- -
- -
Business
Bangchak Sriracha Public Company Limited operates as an integrated petroleum refining and distribution business headquartered in Sriracha, Chonburi, Thailand, founded in 1996. The company owns and operates a complex refinery with a maximum rated capacity of 174,000 barrels per day, an aromatics plant producing 500,000 tons per annum of paraxylene, and a solvent production unit with a 50,000 tons per annum capacity. Its core products include refined petroleum products such as liquefied petroleum gas (LPG); gasoline; jet fuel and kerosene; diesel; fuel oil; asphalt; marine fuels; chemicals including hydrocarbon solvents (hexane, rubber solvents, white spirits); lubricants; and specialties. The company sells these products to retail consumers through a network of service stations branded "Bangchak" and supplies commercial customers in industrial, wholesale, aviation, marine sectors, and for export. It also operates oil terminals, chemical manufacturing plants, distribution facilities, and leases real estate properties. In the recent period, Bangchak Sriracha has undergone significant operational and strategic changes, including its full integration into the Bangchak Group after the parent company's acquisition of all outstanding shares. This corporate restructuring aims to transition towards a Single Listed Entity model to enhance synergy realization and operational agility between refining and marketing businesses. The company completed rebranding all service stations from "Esso" to "Bangchak" by the end of 2024 and expanded its refining throughput from 101,900 barrels per day in 2023 to 147,800 barrels per day in 2025. Additionally, Bangchak Sriracha has focused on strengthening community leadership, environmental sustainability initiatives, and improving logistics to reduce transportation costs and carbon footprint. It has also formed a joint venture named Refinery Optimization and Synergy Enterprise Company Limited (ROSE) to optimize refinery operations in coordination with Bangchak Corporation. The tender offer and share repurchase program completed in late 2025 have prepared the company for delisting from the Stock Exchange of Thailand by December 12, 2025, consolidating its operations fully within Bangchak Corporation. Bangchak Sriracha operates primarily in Thailand, leveraging its strategic location near Laem Chabang deep seaport to support its refinery and export activities. The company serves a diverse set of end markets comprising retail consumers, industrial clients, aviation, marine, and wholesale customers. As an affiliate of Bangchak Corporation, it benefits from access to technology, R&D, marketing programs, and support services, reinforcing its competitive position in Thailand’s energy sector. The company emphasizes disciplined business practices focused on long-term value creation, sustainable growth, and enhanced shareholder returns. This comprehensive refinement and marketing operation, combined with recent strategic reorganizations and capacity expansions, position Bangchak Sriracha as a key player in Thailand’s petroleum industry with a growing focus on sustainability and operational efficiency.