1. Thailand Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
CPL Group Public Company Limited

CPL Group Public Company Limited

CPL.BK
CPL Group Public Company LimitedTH flagStock Exchange of Thailand
0.68
THB
- -
- -
299.09MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.63
8.26
8.34
5.32
5.17
6.59
5.49
3.38
4.35
4.89
4.21
4.36
4.13
4.05
Basic EPS, GAAP
0.24
0.32
0.13
0.05
-0.23
0.03
-0.37
0.04
0.16
0.04
-0.39
-0.18
-0.33
-0.3
Free Cash Flow per Basic Share
-0.12
-0.14
-0.58
0.15
-0.11
-1.24
0.65
0.46
-0.21
0.15
-0.22
0.62
0.44
0.29
Dividend per Share
0.17
0.19
0.24
0.2
- -
- -
0.02
- -
0.02
0.05
- -
- -
- -
- -
Book Value per Share
2.77
2.88
2.76
1.6
1.62
1.65
1.25
1.22
1.47
1.29
1.03
0.84
0.5
0.52
Tangible Book Value per Share
3.56
3.67
4.41
2.64
2.43
2.45
2.05
1.98
2.3
2.04
1.87
1.67
1.33
1.35
Basic Weighted Avg Shares
277
277
278
440
440
440
443
472
432
486
437
442
441
440
Sales/Revenue/Turnover
1,836
2,289
2,316
2,342
2,276
2,898
2,430
1,594
1,878
2,376
1,841
1,925
1,824
1,780
Operating Margin (%)
4.53
4.69
3.15
0.72
-6.3
1.16
-7.25
3.68
6
1.99
-8
-2.56
-2.17
-2.1
Depreciation Expense
21
20
18
52
48
62
76
85
80
76
82
82
80
80
Net Income, GAAP
66
89
35
23
-103
12
-164
19
69
19
-170
-80
-145
-134
Effective Tax Rate (%)
23.28
20.4
22.31
36.78
- -
27.19
- -
30.42
- -
25.62
- -
- -
- -
- -
Profit Margin (%)
3.59
3.89
1.52
0.97
-4.54
0.41
-6.74
1.18
3.68
0.82
-9.25
-4.18
-7.96
-7.51
Working Capital
683
746
772
707
503
371
154
300
316
263
179
236
138
186
LT Debt
1
1
52
6
34
66
30
145
69
25
117
188
92
126
Total Equity
994
1,025
1,234
1,171
1,075
1,085
915
936
996
994
818
738
586
594
Return on Invested Capital (%)
6.28
7.57
3.81
0.61
- -
1.18
- -
2.23
- -
1.75
- -
- -
- -
- -
Return on Capital (%)
8.56
10.3
3.81
2.76
- -
2.21
- -
3.13
- -
2.71
- -
- -
- -
- -
Return on Common Equity (%)
8.71
11.37
4.49
3.08
-14.55
1.67
-25.65
3.34
11.42
3.08
-31.58
-19.55
-49.06
-44.77

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
838
834
818
LT Borrowings
82
70
108
LT Finance Leases
27
22
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
440
440
440
Market Capitalization
378
299
282

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,420
1,355
1,377
Cash, Cash Equivalents & STI
69
70
64
Accounts Receivable, Net
247
178
177
Inventories
1,014
1,023
1,075
Total Current Liabilities
1,281
1,217
1,192
Payables & Accruals
399
351
361
ST Debt
838
834
818
Deferred Revenue
42
24
11

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.76%
-8.37%
-20.55%
Free Cash Flow
-45.14%
-194.39%
-28.94%
Net Income, GAAP
-303.81%
-151.06%
80.45%
Sales/Revenue/Turnover
-0.38%
4.23%
-5.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
549
505
466
425
1,925
2025
482
481
486
375
1,824
2026
438
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
-0.06
- -
-0.18
2025
-0.01
-0.12
-0.13
- -
-0.33
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Puvasith Wongchaorensin
Full Time Employees
456
Sector
Consumer Cyclical
Industry
Apparel - Footwear & Accessories
Address
700 Moo 6 Sukhumvit Road Samut Prakan Thailand 10280
IPO Date
Jan 4, 2000
Website
cpl.co.th
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Business
CPL Group Public Company Limited, a leading manufacturer and distributor of leather products and personal protective equipment in Thailand, operates a full-process tannery producing finished leather and wet blue leather with a capacity of 3.0 million square feet of high-quality finished leather, 80,000 cow hides, and 100,000 pig skins per month. The company offers core products including full grain leather such as nubuck, oil and wax, pigment, and waterproof varieties; suede split leather; tanning services; and personal protective equipment comprising safety footwear, helmets, and back supports under the PANGOLIN brand; it also engages in fashion shoe trading and exports to footwear factories serving global brands like Nike, adidas, Timberland, and Rockport. Founded in 1989 and headquartered at 700 Moo 6 Sukhumvit Road, Bangpoo-Mai, Samut Prakan, Thailand, CPL maintains representative offices in China, USA, Vietnam, and Indonesia to support sales in Southeast Asia and worldwide markets. In March 2017, CPL merged with Pangolin Safety Products Co., Ltd., expanding into safety footwear and PPE distribution with strengthened market leadership in Thailand and Indochina; since 2020, it adopted Zeolite technology as the only tannery in Southeast Asia producing chrome-free leather; and it recently earned LWG Gold certification for all three Thailand facilities, underscoring sustainable practices. The company listed on the Stock Exchange of Thailand in January 1994, focusing on the footwear, leather goods, and industrial safety sectors with ongoing production enhancements including a 2001 facility expansion to 2.7 million square feet monthly capacity.