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    Real Estate - Development
Nava Nakorn Public Company Limited

Nava Nakorn Public Company Limited

NNCL.BK
Nava Nakorn Public Company LimitedTH flagStock Exchange of Thailand
1.68
THB
-0.02
- -
3.44BMarket Cap
Nava Nakorn Public Company Limited
NNCL.BK
(Stock Exchange of Thailand)

Recent

price

1.68

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
0.85
0.63
0.65
0.5
0.4
0.64
0.32
0.31
0.44
0.34
0.5
0.45
0.47
0.48
0.45
0.47
0.44
Revenue per Share
0.15
-0.09
0.15
0.2
-0.29
-0.09
0.08
0.12
0.18
0.13
0.18
0.22
0.11
0.2
0.19
0.15
0.13
Basic EPS, GAAP
0.25
0.09
-0.05
-0.53
-0.03
0.15
0.15
0.16
0.3
0.17
0.25
0.09
0.18
0.16
0.05
0.11
- -
Free Cash Flow per Basic Share
0.08
0.03
- -
0.08
0.1
- -
- -
0.04
0.08
0.09
0.08
0.17
0.11
0.1
0.11
0.11
0.11
Dividend per Share
1.8
1.32
1.44
1.55
1.16
1.14
1.18
1.2
1.29
1.28
1.36
1.41
1.41
1.53
1.6
1.64
1.62
Book Value per Share
2.03
1.58
1.69
1.81
1.41
1.61
1.32
1.4
1.5
1.5
1.59
1.66
1.66
1.77
1.84
1.88
1.86
Tangible Book Value per Share
1,206
1,489
1,521
1,538
1,554
1,579
2,041
2,048
2,048
2,043
1,980
1,980
1,995
2,043
2,048
2,048
2,105
Basic Weighted Avg Shares
1,021
944
993
769
615
1,009
648
636
900
704
980
890
931
975
926
953
916
Sales/Revenue/Turnover
22.23
-6.11
15.1
-12.64
-17.53
9.78
20.06
18.33
29.12
26.03
28.23
39.87
38.13
37.34
43.05
40.18
37.54
Operating Margin (%)
126
120
86
162
197
216
198
201
185
172
155
163
168
132
138
141
144
Depreciation Expense
179
-137
227
306
-445
-144
160
244
375
256
352
439
217
399
396
307
277
Net Income, GAAP
21.22
- -
9.87
31.44
- -
- -
- -
4.04
6.67
1.69
4.53
6.12
26.49
15.26
16.64
19.06
18.48
Effective Tax Rate (%)
17.57
-14.46
22.83
39.77
-72.33
-14.26
24.64
38.3
41.65
36.31
35.95
49.39
23.31
40.92
42.73
32.22
30.2
Profit Margin (%)
1,555
1,294
591
1,186
549
736
1,050
1,251
1,641
1,743
1,681
1,580
1,550
1,461
1,486
1,521
1,557
Working Capital
739
544
511
813
803
369
353
348
322
281
240
205
168
130
97
59
46
LT Debt
2,449
2,346
2,574
2,782
2,193
2,544
2,701
2,869
3,080
3,072
3,154
3,285
3,312
3,610
3,770
3,847
3,908
Total Equity
5.44
- -
4.13
-1.85
- -
- -
- -
3.52
7.34
5.28
7.73
9.55
7.37
8.4
8.6
7.85
6.96
Return on Invested Capital (%)
7.35
- -
9.14
10.47
- -
- -
- -
8.7
12.92
8.66
11.97
14.68
7.2
12.68
11.82
8.96
7.93
Return on Capital (%)
9.33
-6.61
10.91
13.37
-21.28
-7.99
7.57
10.01
14.71
9.71
13.27
16.04
7.74
13.44
12.36
9.25
8.15
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
39
39
39
LT Borrowings
62
56
44
LT Finance Leases
4
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,048
2,048
2,048
Market Capitalization
3,236
3,280
3,263

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,856
1,947
1,988
Cash, Cash Equivalents & STI
804
568
603
Accounts Receivable, Net
61
58
59
Inventories
887
1,276
1,278
Total Current Liabilities
390
426
431
Payables & Accruals
303
338
343
ST Debt
39
39
39
Deferred Revenue
49
49
49

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.26%
4.09%
2.05%
Free Cash Flow
19.35%
15%
111.06%
Net Income, GAAP
-6.4%
6.95%
-22.4%
Sales/Revenue/Turnover
1.93%
-0.41%
2.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
293
208
206
218
926
2025
234
199
326
194
953
2026
197
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.05
0.03
- -
0.19
2025
0.04
0.02
0.06
- -
0.15
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.06
0.05
- -
0.11
2025
- -
0.06
0.05
- -
0.11
2026
- -
- -
- -
- -
- -
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Business
Nava Nakorn Public Company Limited functions as a prominent real estate developer in Thailand, specializing in integrated industrial estate solutions. The company conducts its operations across two distinct divisions: its Real Estate segment and its Utilities Services segment. Its real estate activities encompass developing and managing industrial estates for trading and leasing land, alongside offering ready-built factories and warehouses for industrial clients. Beyond these industrial properties, the firm also engages in the development and management of residential properties, including condominiums, and various commercial and hospitality ventures. Additionally, within its industrial zones, Nava Nakorn delivers comprehensive utility provisions such as water supply, wastewater treatment, and electricity generation, contributing significantly to its recurring revenue. The company has expanded its energy capabilities, investing in small power producer (SPP) projects and developing renewable energy sources like solar power within its estates. Established in 1971, Nava Nakorn Public Company Limited maintains its headquarters in Khlong Luang, Thailand.