1. Thailand Stocks

  2. •

    Basic Materials

  3. •

    Steel
G Steel Public Company Limited

G Steel Public Company Limited

GSTEEL.BK
G Steel Public Company LimitedTH flagStock Exchange of Thailand
0.09
THB
- -
- -
2.60BMarket Cap
G Steel Public Company Limited
GSTEEL.BK
(Stock Exchange of Thailand)

Recent

price

0.09

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
8.22
9.21
3.24
1.54
3.5
3.33
3.17
3.75
4.37
2.01
0.32
0.55
0.52
0.37
0.29
- -
0.29
Revenue per Share
-3.63
-0.76
-1.14
-0.2
-0.27
-0.47
-0.15
-0.06
-0.24
0.31
-0.02
0.05
-0.07
-0.04
-0.06
- -
-0.05
Basic EPS, GAAP
0.04
0.08
-0.15
-0.34
-0.05
0.02
0.09
0.02
0.11
-0.09
0.01
0.05
0.02
-0.03
-0.08
- -
-0.08
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
3.05
1.73
2.72
2.84
2.28
1.81
1.65
1.63
1.37
14.1
4.2
4.25
4.18
4.14
4.08
- -
4.03
Book Value per Share
6.34
4.42
3.45
2.83
2.36
1.74
1.58
1.81
1.47
0.48
0.13
0.2
0.12
0.07
0.01
- -
-0.05
Tangible Book Value per Share
2,786
3,315
4,047
6,301
6,850
6,850
6,850
6,850
6,850
8,665
28,929
28,929
28,929
28,929
28,929
- -
28,929
Basic Weighted Avg Shares
22,904
30,525
13,107
9,700
23,941
22,826
21,684
25,705
29,966
17,416
9,314
15,814
14,941
10,766
8,370
8,357
8,357
Sales/Revenue/Turnover
-23.54
-8.8
-40.66
-24.21
-7.32
-11.46
-1.98
0.48
-5.14
-17.38
-3.05
13.82
0.27
-9.44
-18.94
-19.42
-19.42
Operating Margin (%)
1,420
2,123
1,942
1,884
1,955
1,912
1,906
1,910
1,865
1,714
445
453
463
463
444
463
463
Depreciation Expense
-10,114
-2,526
-4,612
-1,251
-1,870
-3,223
-1,043
-388
-1,662
2,646
-600
1,325
-2,003
-1,014
-1,755
-1,561
-1,561
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
2.88
- -
- -
- -
7.46
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-44.16
-8.27
-35.19
-12.9
-7.81
-14.12
-4.81
-1.51
-5.55
15.19
-6.44
8.38
-13.41
-9.42
-20.97
-18.68
-18.68
Profit Margin (%)
-21,483
-23,198
-20,850
-12,324
-13,399
-16,142
-17,192
-11,923
-13,691
-2,995
-2,736
-472
-1,490
-2,965
-4,788
-5,594
-5,594
Working Capital
671
1
148
- -
348
264
242
1,655
1,118
885
891
1,247
207
158
1,087
2,710
2,710
LT Debt
17,710
14,707
14,018
17,875
16,214
11,917
10,868
12,391
10,101
4,180
3,659
5,779
3,438
2,080
180
-1,453
-1,453
Total Equity
- -
- -
- -
- -
- -
- -
- -
0.86
- -
-30.68
- -
28.67
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
-0.74
- -
6.75
- -
1.42
- -
- -
- -
- -
- -
Return on Capital (%)
-83.02
-35.5
-55.01
-8.64
-11.15
-23.01
-8.8
-3.45
-16.22
4.02
-0.49
1.08
-1.64
-0.84
-1.48
-1.33
-1.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
5,415
6,231
6,805
LT Borrowings
2,729
2,869
2,700
LT Finance Leases
12
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28,929
28,929
28,929
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
2,809
3,159
3,555
Cash, Cash Equivalents & STI
127
226
399
Accounts Receivable, Net
1
16
182
Inventories
2,413
2,599
2,608
Total Current Liabilities
6,941
7,825
9,149
Payables & Accruals
1,231
1,214
1,359
ST Debt
5,415
6,231
6,805
Deferred Revenue
199
260
913

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-110.34%
-203.82%
-905.7%
Free Cash Flow
46.59%
38.68%
11.75%
Net Income, GAAP
-74.29%
-111.88%
-11.05%
Sales/Revenue/Turnover
-4.44%
2.78%
-0.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,526
1,977
3,169
2,094
10,766
2024
2,897
1,776
1,571
2,125
8,370
2025
1,830
1,955
2,001
2,571
8,357

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
-0.02
-0.01
- -
-0.04
2024
-0.01
-0.02
-0.01
- -
-0.06
2025
-0.02
-0.01
-0.02
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Similar Companies
POSCO Holdings Inc. (PKX)
Hariom Pipe Industries Limited (HARIOMPIPE.BO)
Kogi Iron Limited (KFE.AX)
Dong Il Steel Mfg Co.,Ltd (002690.KS)
Sambhv Steel Tubes Ltd. (SAMBHV.NS)
Nippon Steel Corporation (NPSCY)
Business
G Steel Public Company Limited G Steel Public Company Limited (GSTEEL.BK) manufactures and distributes hot-rolled steel products in Thailand, operating as an integrated steel mill that produces hot-rolled coils and slabs through an electric arc furnace process. The company offers hot-rolled coils serving as raw materials for downstream industries including cold-rolled coils, galvanized steel, steel pipes, structural steel for construction, LPG containers, automobiles, electrical appliances, and steel furniture; it also supplies slabs and is expanding into high-strength steel for structural applications. Founded in 1995 and headquartered in Bangkok with production facilities spanning 640,000 square meters in Rayong, Thailand, G Steel primarily targets domestic markets in steel pipe, construction, automotive, and manufacturing sectors while operating as a subsidiary under significant influence from Nippon Steel Corporation. In recent developments, Nippon Steel Corporation acquired nearly 50% stakes in G Steel and affiliate G J Steel Public Company Limited in 2022, deploying management and technical expertise to enhance operations; in August 2024, the companies announced a THB 1.5 billion capital investment over three years for new skin pass equipment, scrap yard streamlining, and facility upgrades to improve quality, cost competitiveness, and profitability, with additional plans for THB 3 billion in production enhancements. G Steel and G J Steel maintain their position as Thailand's only integrated producers of hot-rolled steel products, emphasizing stable supply with short lead times mainly to local demand.