Index International Group Public Company Limited

Index International Group Public Company Limited

IND.BK
Index International Group Public Company LimitedTH flagStock Exchange of Thailand
0.93
THB
+0.04
- -
325.50MMarket Cap
Index International Group Public Company Limited
IND.BK
(Stock Exchange of Thailand)

Recent

price

0.93

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.73
2.2
2.54
1.34
1.74
2.17
2.27
3.14
3.27
Revenue per Share
0.19
0.09
0.08
0.04
0.09
0.04
0.17
0.21
0.18
Basic EPS, GAAP
0.24
0.06
0.16
-0.07
0.05
-0.17
0.07
-0.03
-0.39
Free Cash Flow per Basic Share
- -
- -
0.13
- -
- -
- -
0.01
0.07
0.07
Dividend per Share
0.23
0.32
1.03
0.71
0.8
0.84
0.98
1.12
1.18
Book Value per Share
0.45
0.54
1.59
1.08
1.16
1.18
1.35
1.49
1.59
Tangible Book Value per Share
350
350
226
350
350
350
350
350
336
Basic Weighted Avg Shares
1,657
771
573
468
608
758
794
1,100
1,101
Sales/Revenue/Turnover
5
5.02
4.06
4.09
6.81
2.15
8.92
8.58
6.88
Operating Margin (%)
9
9
8
7
5
4
4
6
6
Depreciation Expense
65
32
18
14
32
13
58
75
61
Net Income, GAAP
20.07
20.42
19.01
23.02
20.44
21.03
20.01
21.26
21.42
Effective Tax Rate (%)
3.93
4.1
3.1
3.05
5.33
1.76
7.29
6.82
5.5
Profit Margin (%)
84
129
295
272
280
292
317
363
370
Working Capital
8
7
4
3
4
6
10
11
13
LT Debt
159
191
360
379
406
412
472
523
535
Total Equity
- -
16.4
6.66
3.94
8.21
3.04
12.36
14.36
11.07
Return on Invested Capital (%)
- -
29.63
10.4
5.99
12.04
4.56
17.36
19.45
15.11
Return on Capital (%)
- -
32.5
10.33
5.93
12.25
4.66
18.21
20.44
15.9
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
11
11
14
LT Borrowings
- -
- -
- -
LT Finance Leases
12
11
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
350
350
350
Market Capitalization
402
478
384

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
890
903
847
Cash, Cash Equivalents & STI
112
67
29
Accounts Receivable, Net
163
200
171
Inventories
- -
- -
- -
Total Current Liabilities
552
541
477
Payables & Accruals
337
342
303
ST Debt
11
11
14
Deferred Revenue
191
168
147

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.82%
10.78%
Free Cash Flow
- -
-210.33%
-146.2%
Net Income, GAAP
- -
82.31%
29.53%
Sales/Revenue/Turnover
- -
15.88%
38.43%
Total Cash Common Dividend
- -
- -
341.34%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
176
143
217
258
794
2025
227
340
278
254
1,100
2026
228
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.05
- -
0.17
2025
0.06
0.09
0.07
- -
0.21
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
- -
- -
0.01
2025
- -
0.07
- -
- -
0.07
2026
- -
- -
- -
- -
- -
Business
Index International Group Public Company Limited operates as a consulting engineering firm primarily in Thailand, providing comprehensive engineering consultancy and architectural services. The company offers a broad portfolio including project planning; city and district planning; architectural design incorporating landscaping; detailed engineering design across structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering; airport master planning; environmental studies; and program control. Additional services include feasibility studies, scale model creation, specification and technical drawings, bills of quantities, geographic information system applications, and complete design and engineering services for construction procurement and contract bidding. It also provides project management and construction supervision covering construction inputs to architects and engineers, turnkey and design-build project management, contract handling during phased construction, procurement services including expediting and quality control, schedule control, and value engineering, alongside LEED certification consulting. The company was founded in 1983 and is headquartered in Pathum Thani, Thailand. Index International Group serves a wide range of infrastructure and construction sectors including airports, bridges and highways, buildings, dams, factories, offshore structures, ports and harbors, mass transit systems, and water supply and sanitation projects. Its client base primarily includes government agencies and private sector developers within Thailand. Regarding recent developments, the company reported a backlog surpassing 3 billion baht as of early 2025, driving revenue growth and signaling continued expansion. It has indicated plans to pursue growth through government contract bids focused on double-track railway projects under EPC (Engineering, Procurement, and Construction) contracts, reflecting a strategic focus on large-scale infrastructure projects. The company maintains steady dividend payouts and has shown earnings improvement in 2025 compared to previous periods, indicating operational strength and financial stability. No public reports of recent mergers, acquisitions, or significant reorganizations have been noted within the last two years, though the firm continues to emphasize strengthening its project management capabilities and expanding its EPC contract portfolio. Index International Group remains a key engineering consultancy firm in Thailand specializing in integrated design and construction management services across diverse infrastructure sectors with a strategic emphasis on government infrastructure projects and sustainability consulting services.