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    Independent Power Producers
Rojana Industrial Park Public Company Limited

Rojana Industrial Park Public Company Limited

RJIFF
Rojana Industrial Park Public Company LimitedUS flagOther OTC
0.18
USD
- -
- -
272.14MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.23
7.88
6.14
4.89
5.38
5.79
6.09
6.02
6.22
8.5
9.54
9.74
7.43
7.32
Basic EPS, GAAP
0.39
1.39
0.36
0.14
0.65
0.33
0.91
0.68
0.96
0.56
0.49
1.91
-0.06
1.29
Free Cash Flow per Basic Share
-0.75
-0.39
0.83
-0.61
0.38
0.73
0.66
1.28
0.8
0.33
4.7
2.29
1.32
1.08
Dividend per Share
0.58
- -
0.38
0.46
0.11
0.69
0.51
0.27
0.29
0.21
0.31
0.4
0.63
0.61
Book Value per Share
2.35
3.96
3.22
3.06
3.57
3.3
3.81
4.41
5.17
5.53
5.73
7.21
6.65
7.79
Tangible Book Value per Share
6.49
15.44
12.44
12.61
8.83
8.7
9.43
10.07
9.4
9.66
9.86
11.48
10.79
11.97
Basic Weighted Avg Shares
1,470
1,472
1,937
1,994
2,020
2,020
2,020
2,020
2,020
2,020
2,020
2,020
2,020
2,020
Sales/Revenue/Turnover
9,155
11,597
11,884
9,757
10,866
11,706
12,304
12,154
12,559
17,168
19,275
19,687
15,011
14,795
Operating Margin (%)
-2.37
13.19
18.08
15.6
17.18
15.19
14.59
17.18
13.7
4.05
15.85
15.98
13.47
12.45
Depreciation Expense
592
907
2,318
1,559
1,178
1,319
1,321
1,454
1,560
1,630
1,732
1,767
1,607
1,622
Net Income, GAAP
581
2,048
698
282
1,313
671
1,838
1,383
1,938
1,140
980
3,854
-125
2,601
Effective Tax Rate (%)
1.84
0.34
5.02
0.81
10.14
6.92
13.95
10.28
14.27
18.53
- -
11.44
- -
13.23
Profit Margin (%)
6.34
17.66
5.87
2.89
12.09
5.73
14.94
11.38
15.43
6.64
5.08
19.57
-0.83
17.58
Working Capital
-487
-6,189
-3,867
17,856
4,514
3,864
5,771
9,906
12,660
12,561
10,520
8,099
10,655
12,833
LT Debt
13,888
29,833
31,922
17,003
19,871
17,990
20,546
20,470
17,984
17,127
15,309
11,356
13,167
13,588
Total Equity
9,648
24,002
25,358
25,147
17,839
17,589
19,060
20,361
19,030
19,556
19,934
23,205
21,819
24,281
Return on Invested Capital (%)
-0.76
3.32
3.01
2.49
3.6
3.9
3.51
4.05
3.27
1.29
- -
7
- -
3.99
Return on Capital (%)
3.85
6.74
2.41
2.08
4.66
3.52
6.34
4.48
6.3
5.48
- -
13.26
- -
9.95
Return on Common Equity (%)
15.91
44.11
11.57
4.57
19.71
9.66
25.57
16.65
20.03
10.54
8.62
29.48
-0.89
17.41

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,812
2,733
2,507
LT Borrowings
13,722
13,122
13,473
LT Finance Leases
48
44
116
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,020
2,020
2,020
Market Capitalization
11,808
11,473
11,877

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
17,127
19,544
22,226
Cash, Cash Equivalents & STI
8,486
7,625
9,970
Accounts Receivable, Net
1,955
1,438
2,224
Inventories
5,107
8,113
8,228
Total Current Liabilities
9,344
8,888
9,393
Payables & Accruals
1,813
1,566
1,988
ST Debt
2,812
2,733
2,507
Deferred Revenue
4,557
4,426
4,653

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.75%
1.72%
-5.97%
Free Cash Flow
98.68%
230.73%
-42.24%
Net Income, GAAP
58.12%
34.98%
-103.25%
Sales/Revenue/Turnover
3.58%
6.14%
-23.75%
Total Cash Common Dividend
48.71%
22.14%
57.19%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,746
5,134
5,347
5,460
19,687
2025
3,684
4,327
3,850
3,150
15,011
2026
3,468
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.31
1.12
- -
1.91
2025
-0.21
-0.19
0.34
- -
-0.06
2026
1.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.4
- -
- -
0.4
2025
0.03
0.6
- -
- -
0.63
2026
0.01
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Direk Vinichbutr
Full Time Employees
177
Sector
Utilities
Industry
Independent Power Producers
Address
2034/115, Ital Thai Tower Bangkok BM Thailand 10310
IPO Date
Mar 17, 2021
Website
rojana.com
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Business
Rojana Industrial Park Public Company Limited (ROJNA.BK) develops and manages industrial estates in Thailand, providing comprehensive infrastructure and utilities for domestic and foreign investors under Board of Investment promotion. Founded in 1988 as a Thai-Japanese joint venture between the Vinichbutr Group and Nippon Steel & Sumikin Bussan Corporation, the company is headquartered at Ital Thai Tower, 26th Floor, Bangkok, and listed on the Stock Exchange of Thailand since 1995. It operates multiple industrial parks, including Rojana Ayutthaya in Ayutthaya Province, Rojana Prachinburi in Prachinburi Province, Rojana Ban Khai and Rojana Pluakdaeng in Rayong Province, and others in Chonburi Province such as Bowin 1, Bowin 2, Laem Chabang, and Nongyai; core segments encompass real estate development and related services, electricity generation including solar rooftop systems and independent power production, production and distribution of industrial water, wastewater treatment, and rental services. The company expanded into renewable energy through electricity sales from solar cells, herbal product manufacturing from plants and animals for disease treatment, agricultural consulting in spices and pharmaceuticals, and commercial real estate. Recent developments include a 2024 joint venture with Hydro-Blok to build a 1,000,000 square foot manufacturing facility in one of its parks for waterproofing and energy-efficient materials, targeting Japanese market access via Nippon Steel; in March 2025, it formed ARAYA Land Development Company Limited with Frasers Property (Thailand) and Asia Industrial Estate, launching ARAYA - The Eastern Gateway, a 4,600-rai industrial-tech ecosystem near Bang Na-Trat Road with technology campus, logistics park, and residential amenities to attract sectors like semiconductors, EVs, and data centers.