1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Food Confectioners
Khon Kaen Sugar Industry Public Company Limited

Khon Kaen Sugar Industry Public Company Limited

KSL.BK
Khon Kaen Sugar Industry Public Company LimitedTH flagStock Exchange of Thailand
1.56
THB
-0.01
- -
6.88BMarket Cap
Khon Kaen Sugar Industry Public Company Limited
KSL.BK
(Stock Exchange of Thailand)

Recent

price

1.56

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
2.95
4.02
5.35
4.32
4.35
3.96
3.83
3.54
4.14
4.05
2.69
2.37
3.7
4.18
3.73
3.61
3.56
Revenue per Share
0.04
0.46
0.57
0.38
0.37
0.2
0.32
0.45
0.19
0.19
-0.02
0.14
0.3
0.2
0.21
-0.15
-0.11
Basic EPS, GAAP
-0.77
0.16
-0.13
-0.57
-0.24
0.2
0.47
-0.65
-0.42
0.49
0.24
0.04
0.51
0.55
-0.66
-0.19
-0.04
Free Cash Flow per Basic Share
0.06
0.03
0.19
0.19
0.13
0.06
0.05
0.1
0.05
0.05
0.05
- -
0.06
0.07
0.05
0.05
0.04
Dividend per Share
0.98
1.42
1.7
1.74
2.11
2.26
2.54
2.9
3.04
3.17
3.1
3.25
3.49
3.62
3.77
3.57
3.48
Book Value per Share
2.43
2.25
2.79
3.12
3.12
3.26
3.76
4.09
4.22
4.3
4.42
4.55
4.84
4.89
5.02
4.99
4.95
Tangible Book Value per Share
4,092
4,093
4,148
4,382
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,410
4,490
Basic Weighted Avg Shares
12,071
16,460
22,212
18,941
19,185
17,475
16,911
15,623
18,253
17,855
11,853
10,470
16,329
18,449
16,442
15,902
15,992
Sales/Revenue/Turnover
1.84
17.89
16.94
13.01
14.46
10.06
7.94
3.24
7.11
7.49
1.98
3.52
9.87
7.3
10.95
5.69
5.33
Operating Margin (%)
393
645
833
950
1,131
1,139
1,247
1,182
1,264
1,205
1,080
1,092
1,180
1,103
1,073
1,236
1,396
Depreciation Expense
159
1,890
2,354
1,676
1,626
862
1,426
1,970
848
822
-83
616
1,321
904
918
-660
-495
Net Income, GAAP
60.51
26.98
22.69
7.36
5.76
4.45
20.46
22.29
14.81
15.22
- -
12.98
22.71
14.17
13.31
- -
61.5
Effective Tax Rate (%)
1.31
11.48
10.6
8.85
8.48
4.93
8.43
12.61
4.65
4.6
-0.7
5.88
8.09
4.9
5.58
-4.15
-3.1
Profit Margin (%)
-1,549
-2,927
-6,289
-7,103
-6,191
-811
-4,938
-8,622
-5,589
-4,303
-7,114
-7,232
-3,172
-4,377
-5,746
-4,949
-3,715
Working Capital
8,118
3,999
5,001
7,996
9,993
14,507
10,050
8,526
11,405
11,761
8,631
7,834
9,430
7,342
7,858
9,144
9,753
LT Debt
9,934
9,214
11,598
13,703
13,799
14,442
16,650
18,092
18,639
19,021
19,546
20,112
21,363
21,577
22,166
22,038
22,244
Total Equity
0.44
10.4
12.72
7.79
7.71
4.75
3
1.05
2.71
2.72
- -
0.83
3.24
3.12
4.09
- -
- -
Return on Invested Capital (%)
2.44
12.02
13.28
9.03
7.55
5.3
6.36
7.67
4.12
3.84
- -
2.97
4.98
4.08
4.38
- -
3.47
Return on Capital (%)
3.93
38.53
36.59
22.83
19.2
8.93
13.46
16.42
6.48
6
-0.6
4.4
8.9
5.77
5.64
-4.08
-3.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
10,940
11,851
14,829
LT Borrowings
9,060
9,260
9,672
LT Finance Leases
85
81
81
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,410
4,410
4,410
Market Capitalization
6,239
5,542
7,183

Working Capital

FRC

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
6,940
10,722
13,973
Cash, Cash Equivalents & STI
230
656
355
Accounts Receivable, Net
1,526
1,602
1,858
Inventories
3,675
6,898
10,956
Total Current Liabilities
11,889
15,216
17,688
Payables & Accruals
746
2,948
1,110
ST Debt
10,940
11,851
14,829
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.4%
2.45%
-0.58%
Free Cash Flow
34.87%
150.18%
-70.38%
Net Income, GAAP
-99.81%
-186.33%
-171.95%
Sales/Revenue/Turnover
1.33%
8.62%
-3.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,337
4,232
4,954
3,919
16,442
2025
3,470
3,904
4,961
3,566
15,902
2026
2,660
4,804
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.07
0.04
- -
0.21
2025
0.03
0.03
0.01
- -
-0.15
2026
0.03
0.07
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.05
- -
- -
0.05
2025
- -
0.05
- -
- -
0.05
2026
- -
0.04
- -
- -
- -
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Business
Khon Kaen Sugar Industry Public Company Limited (KSL.BK) is a Thailand-based integrated sugar and renewable energy producer engaged in the cultivation, harvesting, and milling of sugarcane; refining and distribution of raw and refined sugar products including white sugar, specialty sugars, and molasses; production of green energy through cogeneration from bagasse, ethanol from molasses, and compressed biogas (CBG); and manufacturing of sugar cane seedlings and related agricultural inputs. The company operates multiple mills and plantations primarily in the Khon Kaen, Roi Et, and Udon Thani provinces of northeastern Thailand, with distribution extending across Thailand and select exports to regional markets; it serves domestic food and beverage manufacturers, biofuel producers, animal feed industries, and export customers. Founded in 1976 and headquartered in Khon Kaen, Thailand, KSL maintains strategic subsidiaries focused on ethanol production and power generation, positioning it as a key player in Thailand's sugar industry which represents a significant segment of the agricultural and renewable energy sectors. In recent developments, the company expanded its renewable energy portfolio with the launch of new CBG plants in 2024 to capitalize on growing demand for sustainable fuels; formed a strategic partnership with local agricultural cooperatives for enhanced sugarcane supply chain efficiency in late 2023; and completed a debt refinancing initiative in early 2025 to support capacity upgrades at its Roi Et mill amid favorable ethanol pricing trends.