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    Real Estate - Services
Grand Canal Land Public Company Limited

Grand Canal Land Public Company Limited

GLAND.BK
Grand Canal Land Public Company LimitedTH flagStock Exchange of Thailand
0.74
THB
- -
- -
4.81BMarket 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
0.64
0.86
0.69
0.45
0.25
0.24
0.24
0.23
0.24
0.23
0.24
0.25
- -
0.23
Basic EPS, GAAP
0.09
0.32
0.3
0.19
0.18
0.07
0.19
0.11
0.09
0.11
0.06
0.06
- -
0.07
Free Cash Flow per Basic Share
0.19
0.51
0.38
0.24
0.9
0.07
0.06
0.1
0.09
0.07
0.09
0.1
- -
0.09
Dividend per Share
- -
0.04
0.12
0.2
0.1
0.1
- -
- -
- -
- -
- -
0.02
- -
0.02
Book Value per Share
1.25
1.53
1.65
1.57
1.64
1.63
1.75
1.82
1.9
2.01
2.08
2.12
- -
2.15
Tangible Book Value per Share
1.54
1.86
1.99
1.9
1.99
1.97
2.09
2.28
2.38
2.5
2.57
2.63
- -
2.67
Basic Weighted Avg Shares
5,276
5,422
5,696
5,892
5,930
6,228
6,500
6,500
6,500
6,500
6,500
6,500
- -
6,568
Sales/Revenue/Turnover
3,385
4,680
3,952
2,654
1,483
1,491
1,591
1,469
1,555
1,515
1,552
1,610
1,552
1,520
Operating Margin (%)
25.81
37.48
41.04
44.11
40.44
48.58
57.42
62.22
59.12
54.97
53.97
53.6
58.15
58.48
Depreciation Expense
49
17
22
18
17
23
20
10
10
10
10
10
8
8
Net Income, GAAP
465
1,758
1,732
1,112
1,070
433
1,254
716
574
714
418
421
434
439
Effective Tax Rate (%)
21.71
20.73
22.28
22.56
21.66
30.28
22.43
21.85
21.37
20.73
24.99
25.11
24.75
23.94
Profit Margin (%)
13.72
37.57
43.83
41.9
72.12
29.01
78.83
48.75
36.89
47.12
26.92
26.15
27.98
28.9
Working Capital
-233
268
-1,782
-5,585
-1,420
-929
-2,511
-2,736
-3,956
-1,292
-3,383
-1,905
-1,094
-1,045
LT Debt
3,225
4,371
7,157
6,146
6,491
7,164
4,978
3,688
2,014
4,469
2,466
4,253
4,542
4,898
Total Equity
8,283
10,229
11,471
11,322
11,899
12,360
13,714
14,827
15,486
16,267
16,737
17,074
17,413
17,543
Return on Invested Capital (%)
5.04
8.44
6.42
4.17
2.25
2.48
3.36
3.29
3.3
2.95
2.74
2.76
2.89
2.83
Return on Capital (%)
3.72
11.28
9.78
6.75
7.09
3.28
6.99
4.27
3.26
3.88
2.69
2.64
2.6
2.58
Return on Common Equity (%)
8.08
23.67
19.59
11.91
11.25
4.35
11.67
6.18
4.74
5.6
3.14
3.09
3.12
3.14

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,178
1,378
1,378
LT Borrowings
4,579
4,409
4,699
LT Finance Leases
133
133
199
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,500
6,500
6,500
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
961
917
950
Cash, Cash Equivalents & STI
61
46
74
Accounts Receivable, Net
66
41
58
Inventories
790
776
766
Total Current Liabilities
2,775
2,011
1,996
Payables & Accruals
358
394
374
ST Debt
2,178
1,378
1,378
Deferred Revenue
235
235
235

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.31%
3.27%
1.98%
Free Cash Flow
21.28%
2.73%
-3.46%
Net Income, GAAP
1.47%
-6.61%
3.12%
Sales/Revenue/Turnover
-7.16%
1.17%
-3.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
386
390
442
392
1,610
2025
394
385
416
357
1,552
2026
362
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.02
- -
0.06
2025
0.02
0.02
0.02
- -
- -
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
- -
- -
0.02
2025
- -
0.02
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Naparat Sriwanvit
Sector
Real Estate
Industry
Real Estate - Services
Address
161 Rama 9 Road Bangkok Thailand 10310
IPO Date
Dec 30, 2003
Website
grandcanalland.com
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Business
Grand Canal Land Public Company Limited (GLAND.BK) is a Thailand-based real estate developer engaged in property development, investment, and management. The company develops and sells residential condominium units, including luxury high-rise projects such as Grand Canal Rama 9, Grand Canal Chiang Mai, and Riva Park brands; constructs and leases commercial properties like office buildings, retail spaces, and mixed-use complexes; and manages hotel and hospitality assets under partnerships with international operators. It operates primarily in Thailand, with key projects in Bangkok, Chiang Mai, and other major urban centers, targeting middle-to-upper income buyers, corporate tenants, and hospitality guests. Founded in 2005 and headquartered in Bangkok, the company focuses on premium urban lifestyle properties in the real estate development and investment segments. In recent developments, Grand Canal Land expanded its portfolio through the launch of new residential phases at existing projects and strategic land acquisitions in high-growth areas of Bangkok during 2024-2025. The company formed alliances with leading construction firms for sustainable building initiatives and pursued funding for green-certified developments amid Thailand's property market recovery. No major acquisitions, name changes, or reorganizations were reported in the last two years, with operations emphasizing steady project delivery and asset enhancement.