1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
NSL Foods Public Company Limited

NSL Foods Public Company Limited

NSL-R.BK
NSL Foods Public Company LimitedTH flagStock Exchange of Thailand
22.80
THB
-0.20
- -
6.84BMarket Cap
NSL Foods Public Company Limited
NSL-R.BK
(Stock Exchange of Thailand)

Recent

price

22.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.23
9.74
11.14
13.34
15.98
19.46
23.07
23.61
Revenue per Share
0.52
0.5
0.7
0.99
1.11
1.8
2.01
1.99
Basic EPS, GAAP
0.4
0.81
0.58
0.67
0.91
1.62
0.51
-0.26
Free Cash Flow per Basic Share
0.25
0.75
0.98
0.5
0.6
0.7
1.05
1.05
Dividend per Share
1.53
1.42
1.56
1.93
2.44
3.54
4.5
5.05
Book Value per Share
1.55
1.49
4.57
4.67
5.1
6.25
6.53
7.07
Tangible Book Value per Share
300
300
273
300
300
300
300
300
Basic Weighted Avg Shares
3,370
2,923
3,038
4,001
4,793
5,839
6,922
7,084
Sales/Revenue/Turnover
6.7
7.36
8.2
9.54
9.12
11.71
10.99
10.62
Operating Margin (%)
104
105
97
102
120
141
164
168
Depreciation Expense
156
151
191
298
333
541
604
596
Net Income, GAAP
20.49
20.65
17.76
19.92
20.45
19.62
19.1
19.63
Effective Tax Rate (%)
4.64
5.18
6.29
7.44
6.96
9.26
8.73
8.42
Profit Margin (%)
-168
-225
519
508
502
721
638
775
Working Capital
389
286
181
80
14
68
266
446
LT Debt
473
455
1,252
1,406
1,576
1,921
2,207
2,367
Total Equity
- -
15.18
15.2
18.62
20.01
27.84
25.32
21.58
Return on Invested Capital (%)
- -
15.82
22.83
38.78
39.67
51.04
40.63
33.2
Return on Capital (%)
- -
34.29
45
59.32
50.87
60.31
50.09
43.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
197
150
191
LT Borrowings
60
182
364
LT Finance Leases
69
84
81
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
8,625
6,930
6,600

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,586
1,760
1,948
Cash, Cash Equivalents & STI
192
265
406
Accounts Receivable, Net
907
979
1,012
Inventories
424
448
436
Total Current Liabilities
1,062
1,122
1,173
Payables & Accruals
856
967
976
ST Debt
197
150
191
Deferred Revenue
8
5
5

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
47.3%
14.93%
Free Cash Flow
- -
7.64%
-68.48%
Net Income, GAAP
- -
33.58%
11.68%
Sales/Revenue/Turnover
- -
19.16%
18.54%
Total Cash Common Dividend
- -
12.27%
50.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,346
1,411
1,432
1,651
5,839
2025
1,708
1,773
1,673
1,769
6,922
2026
1,869
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.44
0.45
- -
1.8
2025
0.57
0.55
0.42
- -
2.01
2026
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.35
0.35
- -
0.7
2025
- -
0.55
0.5
- -
1.05
2026
- -
- -
- -
- -
- -
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Business
NSL Foods Public Company Limited, established in Thailand in 2003, operates primarily in the manufacturing and distribution of various food products. The company focuses on a diverse portfolio including bakery items, snacks, and ready-to-eat meals, while also importing and distributing frozen meats and vegetables. NSL's offerings range from hot grilled sandwiches to healthy snacks like protein and fiber chips. The company distributes its products through a broad network encompassing modern trade channels such as convenience stores, supermarkets, and hypermarkets, as well as traditional trade outlets like local markets and gift shops. A significant portion of its bakery and snack products are supplied to 7-Eleven under popular brand names like Ezy Taste, Ezy Sweet, Ezy Bake, and 7 Fresh. NSL also markets its own brands, including KhowThang (rice bar), Pangtai, Natural Bite, NSL Bakery, and NSL Selection. Beyond packaged goods, NSL Foods operates a food services segment, processing and supplying items such as fish, seafood, and beef to hotels, restaurants, catering services, and international schools. NSL Foods has expanded its presence internationally, exporting products to over 22 countries across various continents. Recent initiatives include focusing on new product development, such as roasted beef sandwiches, and expanding its food service business. The company achieved recognition in the ESG Emerging List 2024 for its commitment to environmental, social, and governance practices, reflecting its dedication to sustainable business operations and food innovation. Headquartered in Nonthaburi, Thailand, NSL Foods continues to grow, with a production capacity exceeding 1 million items daily across its facilities.