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Rojana Industrial Park Public Company Limited

Rojana Industrial Park Public Company Limited

ROJNA.BK
Rojana Industrial Park Public Company LimitedTH flagStock Exchange of Thailand
5.50
THB
+0.20
- -
11.11BMarket Cap
Rojana Industrial Park Public Company Limited
ROJNA.BK
(Stock Exchange of Thailand)

Recent

price

5.50

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
6.25
5.43
4.87
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
Revenue per Share
0.51
-0.48
0.94
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
Basic EPS, GAAP
-0.64
-1.12
-6.83
-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
Free Cash Flow per Basic Share
0.43
0.59
- -
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
Dividend per Share
2.67
2.09
3.03
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
Book Value per Share
5.49
5.53
7.08
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
Tangible Book Value per Share
1,309
1,165
1,266
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
Basic Weighted Avg Shares
8,181
6,328
6,171
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
Sales/Revenue/Turnover
14.22
8.38
6.47
-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
Operating Margin (%)
544
629
589
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
Depreciation Expense
666
-554
1,194
581
2,048
698
282
1,313
671
1,838
1,383
1,938
1,140
980
3,854
-125
2,601
Net Income, GAAP
10.4
- -
2.2
1.84
0.34
5.02
0.81
10.14
6.92
13.95
10.28
14.27
18.53
- -
11.44
- -
13.23
Effective Tax Rate (%)
8.14
-8.75
19.34
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
Profit Margin (%)
-125
-1,662
-554
-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
Working Capital
7,159
8,153
12,935
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
LT Debt
7,355
6,598
9,319
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
Total Equity
5.59
- -
1.64
-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 Invested Capital (%)
4.84
- -
7.91
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 Capital (%)
17.8
-18.69
38.08
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
Return on Common Equity (%)

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
9,779
8,890
10,607

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
- -
- -
- -
- -
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Business
Rojana Industrial Park Public Company Limited (ROJNA.BK) develops and manages industrial estates in Thailand, providing complete infrastructure and utilities including roads, high-quality industrial water, wastewater treatment, electricity, natural gas and fiber optic telecommunications; it also generates and sells electricity from solar rooftop systems, produces and distributes industrial water, and offers wastewater treatment services. The company operates four established industrial parks--Rojana Ayutthaya, Rojana Prachinburi, Rojana Rayong Bankhai and Rojana Rayong Pluakdaeng--spanning approximately 25,500 rai in Ayutthaya, Prachinburi and Rayong provinces, with ongoing developments including Rojana Bowin and Rojana Laemchabang in Chonburi province on the Eastern Economic Corridor; these parks serve automotive, electronics, machinery and other manufacturing tenants such as Honda, Nikon and Panasonic, primarily Japanese firms benefiting from Board of Investment promotions. Founded in 1988 as a Thai-Japanese joint venture between the Vinichbutr Group and Nippon Steel & Sumikin Bussan Corporation, Rojana is headquartered at Italthai Tower in Bangkok and listed on the Stock Exchange of Thailand since 1995. Recent developments include a March 2025 joint venture with Frasers Property Industrial and Asia Industrial Estate to launch ARAYA, a new Eastern Gateway industrial project in the Eastern Economic Corridor targeting electric vehicles, semiconductors and e-commerce; a November 2025 partnership with Hydroblok for a 1,000,000 sq ft manufacturing facility in one of its parks to boost waterproofing and energy-efficient materials production; and continued solar energy expansion alongside robust 2024 financials showing net income of 3.85 billion baht.