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Interhides Public Company Limited

Interhides Public Company Limited

IHL.BK
Interhides Public Company LimitedTH flagStock Exchange of Thailand
1.36
THB
-0.02
- -
806.22MMarket Cap
Interhides Public Company Limited
IHL.BK
(Stock Exchange of Thailand)

Recent

price

1.36

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
3.77
3.17
3.86
3.65
3.77
4.68
3.97
4.28
4.42
2.69
2.31
12.06
3.46
3.09
4.42
3.7
3.45
Revenue per Share
0.56
0.3
0.51
0.4
0.39
0.41
0.39
0.58
0.54
0.25
-0.08
1
0.17
0.03
0.1
0.19
0.14
Basic EPS, GAAP
-0.01
-0.21
0.4
0.58
0.46
-0.73
0.41
0.2
-0.27
-0.46
0.13
0.6
0.21
0.19
-0.32
-0.4
-0.22
Free Cash Flow per Basic Share
0.58
0.34
0.12
0.14
0.3
0.34
0.1
0.33
0.53
0.45
0.1
0.42
0.1
0.1
0.06
0.1
0.1
Dividend per Share
1.06
1.01
1.38
1.63
1.72
1.79
2.06
2.29
2.2
1.91
1.73
7.67
1.89
1.82
1.86
1.95
1.99
Book Value per Share
1.49
1.5
1.89
2.15
2.23
2.3
2.59
2.92
2.98
2.82
2.63
11.34
2.76
2.69
2.74
2.82
2.88
Tangible Book Value per Share
490
490
490
489
491
490
490
498
541
578
578
141
593
593
593
593
589
Basic Weighted Avg Shares
1,848
1,553
1,892
1,788
1,852
2,295
1,943
2,130
2,390
1,556
1,334
1,698
2,051
1,832
2,622
2,192
2,031
Sales/Revenue/Turnover
20.81
15.53
16.79
14.33
12.4
12.31
12.64
15.21
14.86
10.67
-0.62
10.17
7.83
3.61
6.1
9.7
8.27
Operating Margin (%)
98
112
132
140
151
148
148
152
180
220
258
246
237
221
213
206
207
Depreciation Expense
273
148
249
197
194
202
191
289
293
142
-44
141
100
17
57
113
81
Net Income, GAAP
23.03
24.64
15.46
12.4
5.94
11.41
14.58
11.94
12.9
1.52
- -
0.68
21.91
14.13
31.49
21.77
21.21
Effective Tax Rate (%)
14.77
9.56
13.16
11.02
10.46
8.79
9.84
13.59
12.25
9.11
-3.32
8.29
4.87
0.92
2.18
5.15
3.97
Profit Margin (%)
9
-223
-5
200
259
-216
-121
-303
-533
-433
-214
-285
-393
-358
-253
-65
-57
Working Capital
222
164
192
265
188
232
352
265
218
484
636
424
140
154
269
286
250
LT Debt
732
736
927
1,053
1,098
1,132
1,274
1,468
1,630
1,644
1,537
1,618
1,659
1,616
1,641
1,694
1,711
Total Equity
19.94
10.38
13.89
11.53
11.48
11.69
8.54
11.23
10.92
4.99
- -
5.05
3.69
1.7
3.19
4.45
3.5
Return on Invested Capital (%)
23.88
11.63
17.3
13.79
13.92
12.5
10.13
14.27
13.25
6.43
- -
6.78
4.9
2.43
3.68
5.32
4.23
Return on Capital (%)
51.82
29.24
42.45
26.71
23.62
23.47
20.3
26.97
25.17
12.36
-4.21
13.55
9.09
1.53
5.25
9.99
6.92
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,865
1,920
1,859
LT Borrowings
237
205
174
LT Finance Leases
83
81
76
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
593
593
593
Market Capitalization
969
981
830

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,022
2,115
2,255
Cash, Cash Equivalents & STI
8
4
19
Accounts Receivable, Net
208
174
242
Inventories
1,755
1,791
1,843
Total Current Liabilities
2,152
2,180
2,312
Payables & Accruals
276
229
314
ST Debt
1,865
1,920
1,859
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.31%
2%
3.26%
Free Cash Flow
-69.94%
-38.75%
23.03%
Net Income, GAAP
-32.74%
-38.36%
97.29%
Sales/Revenue/Turnover
2.15%
12.83%
-16.4%
Total Cash Common Dividend
17.44%
5.34%
66.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
622
715
678
607
2,622
2025
653
597
532
411
2,192
2026
492
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.06
-0.03
- -
0.1
2025
0.08
0.08
0.03
- -
0.19
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.06
- -
0.06
2025
- -
0.02
0.07
- -
0.1
2026
- -
- -
- -
- -
- -
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Business
Interhides Public Company Limited manufactures and distributes leather products and related components primarily for the automotive industry, as well as shoes, upholstery, and pet products; its core offerings include finished leather for car seats, trim covers, steering wheels, and gear knobs; leather cut parts and sewing services for automotive accessories; shoe leather and upholstery leather; dog chew products under the Momo & Friends brand; collagen peptides under the Chojen brand; and hydrolyzed protein from leather scraps, including Grow Plus and Alex lines. The company operates as a second-tier original equipment manufacturer (2nd Tier OEM) supplying major automakers such as Toyota, Honda, Nissan, Ford, Mitsubishi, Isuzu, Mazda, and Subaru through first-tier suppliers, providing one-stop services from raw material processing, tanning, dyeing, engineering, and finishing to cut parts and sewing. Founded in 1992 and headquartered in Mueang Samut Prakan, Thailand, at 678 Moo 2, Soi T.J.C., Sukhumvit Road, Bang Pu Mai, Samut Prakan 10280, Interhides exports to China, Vietnam, India, Taiwan, South Korea, Switzerland, Malaysia, Indonesia, England, and other international markets, serving automotive, furniture, footwear, and pet sectors. Subsidiaries include Inter Green Company Limited, established in 2016 for protein hydrolysate production. Recent developments feature ongoing innovation in protein hydrolysate, safety shoes, and dog chews as new product lines, with sustained expansion in export markets and no major reported acquisitions, funding rounds, or reorganizations in the past 1-2 years.