1. Thailand Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Polyplex (Thailand) Public Company Limited

Polyplex (Thailand) Public Company Limited

PTL.BK
Polyplex (Thailand) Public Company LimitedTH flagStock Exchange of Thailand
14.10
THB
-0.20
- -
12.69BMarket Cap
Polyplex (Thailand) Public Company Limited
PTL.BK
(Stock Exchange of Thailand)

Recent

price

14.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
13.91
12.62
11.48
13.31
14.89
15.35
13.09
14.08
16.38
15.61
16.83
23.94
29.27
23.19
24.82
22.64
22.64
Revenue per Share
4.83
1.69
0.5
-0.6
0.49
-0.15
1.55
1.3
2.58
2
3.3
3.94
2.33
0.33
1.28
-0.2
-0.2
Basic EPS, GAAP
2.27
1.93
-6.13
-2.79
0.63
2
2.16
1.27
1
1.12
2.04
0.08
2.09
-0.63
-0.36
0.79
0.79
Free Cash Flow per Basic Share
0.76
1.69
0.17
0.14
- -
0.1
- -
0.55
0.68
0.69
0.83
1.43
0.91
0.32
0.39
0.2
0.2
Dividend per Share
8.93
8.99
9.32
8.59
9.07
8.82
9.67
10.23
12.12
13.43
15.91
18.43
19.82
19.8
20.7
20.29
20.29
Book Value per Share
10.39
10.55
10.24
10.72
9.52
10.24
10.96
11.7
12.89
14.35
17.04
19.91
21.41
22.62
21.91
21.8
21.8
Tangible Book Value per Share
804
804
804
804
800
800
882
900
900
900
900
900
900
900
900
900
900
Basic Weighted Avg Shares
11,183
10,143
9,230
10,703
11,913
12,278
11,539
12,673
14,746
14,051
15,144
21,545
26,341
20,867
22,337
20,372
20,372
Sales/Revenue/Turnover
34.67
14.33
2.13
-2.79
1.94
8.13
10.01
12.15
13.35
14.73
21.44
17.46
8.91
3.85
6.14
1.88
1.88
Operating Margin (%)
358
369
412
616
735
769
754
754
756
863
930
986
1,088
1,110
1,039
1,146
1,146
Depreciation Expense
3,883
1,358
402
-480
390
-123
1,366
1,170
2,324
1,803
2,970
3,550
2,096
301
1,155
-177
-177
Net Income, GAAP
0.71
2.46
- -
- -
1.64
183.79
1.69
2.52
1.74
12.31
8.35
12.52
10.81
- -
17.33
- -
- -
Effective Tax Rate (%)
34.72
13.38
4.36
-4.48
3.27
-1
11.84
9.23
15.76
12.83
19.61
16.48
7.96
1.44
5.17
-0.87
-0.87
Profit Margin (%)
3,396
2,899
1,933
670
405
826
1,771
2,086
2,110
3,512
4,388
6,817
7,258
7,148
6,262
5,836
5,836
Working Capital
1,505
1,251
5,302
6,589
4,150
3,314
2,004
1,001
594
1,506
1,374
2,051
1,585
1,608
1,180
246
246
LT Debt
8,358
8,488
8,245
8,638
7,632
8,203
9,666
10,539
11,610
12,922
15,339
17,922
19,268
20,364
19,722
19,620
19,620
Total Equity
41.94
13.55
- -
- -
1.4
-5.82
8.4
11.33
13.89
12.21
17.92
16.61
9.42
- -
4.95
- -
- -
Return on Invested Capital (%)
49
15.18
- -
- -
3.96
-2.32
12.14
10.64
18.75
13.16
19.29
19.35
10.39
- -
5.77
- -
- -
Return on Capital (%)
69.38
18.84
5.47
-6.66
5.51
-1.72
17.54
13.2
23.1
15.68
22.49
22.98
12.18
1.69
6.34
-0.96
-0.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,924
2,759
2,169
LT Borrowings
950
240
204
LT Finance Leases
54
50
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
900
900
900
Market Capitalization
9,810
7,560
9,450

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
10,952
10,718
10,718
Cash, Cash Equivalents & STI
1,594
1,719
1,370
Accounts Receivable, Net
3,156
3,008
3,445
Inventories
5,489
5,238
5,231
Total Current Liabilities
4,649
5,056
4,882
Payables & Accruals
2,199
1,770
2,059
ST Debt
1,924
2,759
2,169
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.34%
5.27%
-0.52%
Free Cash Flow
184.96%
359.66%
-317.2%
Net Income, GAAP
-102.04%
12.34%
-115.36%
Sales/Revenue/Turnover
6.52%
8.4%
-8.8%
Total Cash Common Dividend
- -
-11.15%
-48.72%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,998
5,106
5,029
5,734
20,867
2025
5,804
5,690
5,439
5,404
22,337
2026
5,329
5,307
4,745
4,991
20,372

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
0.16
0.08
- -
0.33
2025
0.39
0.68
0.38
- -
1.28
2026
-0.4
0.05
0.1
- -
-0.2

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.27
0.05
- -
0.32
2025
0.01
0.19
0.2
- -
0.39
2026
- -
0.2
- -
- -
0.2
Similar Companies
C-Bond Systems, Inc. (CBNT)
Arvee Laboratories (India) Ltd. (ARVEE.NS)
Asahipen Corporation (4623.T)
San Fu Chemical Co., Ltd. (4755.TW)
Historic Discoveries, Inc. (SVXA)
SVC Industries Limited (SVCIND.BO)
Business
Polyplex (Thailand) Public Company Limited (PTL.BK) manufactures and distributes biaxially oriented polyester (BOPET) films, metallized films, extrusion coated films, cast polypropylene (CPP) films, silicone coated films, blown polypropylene films, holographic films and PET resins; the company produces Sarafil (BOPET, BOPP, CPP, blown PP and sustainable films), Saracote and Saralam product ranges for packaging, electrical, lamination and industrial applications. A 51%-owned subsidiary of India's Polyplex Corporation Limited (with parent stake increased to 54.08%), PTL operates a primary manufacturing facility in Rayong province, Thailand, with subsidiaries including Polyplex Europa in Turkey (100%-owned, producing PET films, chips and metallized films), Polyplex (Americas) Inc. in the US (distribution) and a trading company in China; the company serves Asia-Pacific, US, Europe, Southeast Asia and South America markets from headquarters in Bangkok, Thailand, where it was incorporated in 2002. In recent developments, PTL pursues capacity expansions including a new BOPET film line and offline coater in the US (Decatur, Alabama, commissioning targeted FY2024-25, capex USD103-133 million funded internally), a second BOPET line and resin debottlenecking there, board approval for expansion in Turkey (up to USD30.1 million via subsidiary funding), a new recycling facility in Thailand for post-consumer PET/HDPE/polyolefin waste to produce Sarafil rPET films, and ongoing investments in value-added/specialty films (DPAC portfolio) alongside projects like a thick PET line, additional extrusion coating and blown PP lines.