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J.R.W. Utility Public Company Limited

J.R.W. Utility Public Company Limited

JR.BK
J.R.W. Utility Public Company LimitedTH flagStock Exchange of Thailand
1.76
THB
- -
- -
1.34BMarket Cap
J.R.W. Utility Public Company Limited
JR.BK
(Stock Exchange of Thailand)

Recent

price

1.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
5.13
4.7
2.41
2.83
2.48
2.56
2.05
2.51
2.54
Revenue per Share
- -
0.46
0.34
0.17
0.29
0.2
0.08
0.09
0.13
0.13
Basic EPS, GAAP
- -
0.38
2.77
-0.28
-0.75
-0.95
0.72
-0.03
0.01
0.14
Free Cash Flow per Basic Share
- -
0.12
0.2
0.21
0.06
0.14
0.09
0.04
0.04
- -
Dividend per Share
- -
1.52
1.62
0.88
0.82
0.87
0.85
0.9
0.99
0.99
Book Value per Share
- -
1.59
1.72
2.75
2.14
2.2
2.19
2.23
2.32
2.32
Tangible Book Value per Share
- -
180
180
530
760
760
760
760
760
759
Basic Weighted Avg Shares
- -
923
846
1,281
2,147
1,886
1,945
1,558
1,910
1,931
Sales/Revenue/Turnover
- -
10.8
8.83
8.4
12.38
9.93
3.92
5.31
7.08
6.84
Operating Margin (%)
- -
4
4
5
6
8
10
12
11
10
Depreciation Expense
- -
83
61
88
217
149
62
66
99
96
Net Income, GAAP
- -
16.75
20.23
20.06
20.03
20
18.91
20.73
23.31
23.91
Effective Tax Rate (%)
- -
8.98
7.18
6.88
10.11
7.93
3.18
4.25
5.21
4.98
Profit Margin (%)
110
193
198
1,292
1,410
1,407
1,220
1,375
1,442
1,468
Working Capital
1
1
1
1
- -
1
4
1
3
2
LT Debt
204
287
309
1,459
1,629
1,672
1,661
1,697
1,766
1,762
Total Equity
- -
31.76
19.73
9.69
13.65
8.16
3.23
3.64
5.47
5.32
Return on Invested Capital (%)
- -
33.12
21.17
23.2
39.74
18.45
7.43
8.93
12.19
11.87
Return on Capital (%)
- -
35.35
21.46
23.28
39.87
23.31
9.46
9.95
13.84
13.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
314
214
96
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
760
760
760
Market Capitalization
1,365
1,304
1,321

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,524
3,327
3,116
Cash, Cash Equivalents & STI
359
461
233
Accounts Receivable, Net
597
311
385
Inventories
221
112
77
Total Current Liabilities
2,099
1,885
1,648
Payables & Accruals
1,560
1,633
1,510
ST Debt
314
214
96
Deferred Revenue
200
12
20

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.97%
4.09%
Free Cash Flow
- -
-19.66%
-132.12%
Net Income, GAAP
- -
22.76%
50.19%
Sales/Revenue/Turnover
- -
12.25%
22.6%
Total Cash Common Dividend
- -
-3.44%
-0.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
349
325
407
477
1,558
2025
295
492
409
716
1,910
2026
315
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.04
- -
0.09
2025
- -
0.03
0.03
- -
0.13
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -
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Business
J.R.W. Utility Public Company Limited operates primarily in the design, procurement, construction, and installation of electrical power systems, telecommunication, and information technology systems in Thailand. The company markets its core offerings in two main segments: sales of electronic equipment and contract services. Its key products and services include turnkey electrical power system projects such as high voltage transmission line system construction, high voltage substation construction and equipment installation, and conversion of overhead power lines to underground power lines. Additionally, the company undertakes infrastructure system planning, core network system and software application system construction, and system implementation for related equipment. It also supplies and provides maintenance services for electrical, telecommunication, and IT system equipment, focusing heavily on post-warranty maintenance for existing clients. Founded in 1998 and headquartered in Bangkok, J.R.W. Utility has expanded its business operations with recent emphasis on diversification and increase in market expertise, including entry into the energy sector aligned with broader infrastructure and utility expansion in Thailand. The company has bolstered its strategic partnerships and sought new alliances to distribute related equipment enhancing its competitive positioning in telecommunications and electrical system projects. Key operational changes in the past 1-2 years include signing new contracts for infrastructure upgrades and developing new turnkey solutions tailored to evolving government and private sector demands, supporting growth opportunities and operational efficiency improvements. J.R.W. Utility remains a significant player in electrical power and telecommunications infrastructure development within Thailand's growing utility and technology landscapes.