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Asian Insulators Public Co. Ltd.

Asian Insulators Public Co. Ltd.

3.28
THB
+0.02
(+0.61%)
0.40EPS
11.00P/E
2.02BMarket Cap
Nov 16Next Earn
Asian Insulators Public Co. Ltd.
SET:AI.R
(Stock Exchange of Thailand)

Recent

price

3.28

P/E

ratio

11.00

div

yld

7.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
3.49
4.28
6.18
7.22
7.94
6.23
6.65
4.68
3.69
4.32
9.5
10.36
12.45
12.5
13.07
11.65
11.79
Revenue per Share
0.34
0.06
0.32
0.37
0.41
0.25
0.42
0.37
0.46
0.42
1.07
0.63
0.18
0.17
0.55
0.09
0.26
Basic EPS, GAAP
0.36
-0.72
-0.03
0.02
1.22
0.18
0.58
0.7
0.64
0.31
1.32
1.09
0.37
-0.23
0.69
0.36
0.39
Free Cash Flow per Basic Share
0.15
0.18
0.18
0.25
1.5
0.03
0.36
0.56
0.2
0.48
0.48
1.02
0.85
0.3
0.25
0.5
0.24
Dividend per Share
2.19
2.09
2.2
3.99
3.15
3.37
3.43
3.24
3.52
3.46
4.05
3.81
3.31
3.16
3.47
3.27
3.39
Book Value per Share
2.17
2.08
2.19
3.98
3.14
3.36
3.43
3.24
3.51
3.45
4.04
3.8
3.3
3.15
3.46
3.26
3.39
Tangible Book Value per Share
700
700
700
699
700
700
700
700
700
700
700
700
700
700
700
700
700
Basic Weighted Avg Shares
2,442
2,993
4,327
5,045
5,556
4,361
4,655
3,275
2,586
3,025
6,648
7,250
8,716
8,748
9,147
8,155
8,250
Sales/Revenue/Turnover
11.76
2.68
6.27
9.96
6.76
3.36
6.73
2.56
11.8
7.45
14.38
8.79
1.5
1.7
5.84
0.97
3.44
Operating Margin (%)
117
100
116
131
142
152
150
139
143
162
183
193
177
171
166
159
160
Depreciation Expense
239
44
221
260
284
178
294
256
323
295
749
444
127
120
385
65
183
Net Income, GAAP
7.86
32.44
0.63
42.11
13.51
- -
4.2
14.31
3.46
5.17
5.4
6.44
23.85
15.34
10.73
16.88
3.48
Effective Tax Rate (%)
9.8
1.46
5.11
5.15
5.11
4.08
6.31
7.81
12.48
9.77
11.27
6.13
1.46
1.37
4.21
0.8
2.22
Profit Margin (%)
295
-184
-356
1,730
980
1,081
1,417
1,079
1,177
1,044
1,689
1,764
1,332
1,248
1,686
1,427
1,628
Working Capital
245
253
88
56
77
- -
- -
- -
- -
- -
2
3
2
1
1
3
4
LT Debt
1,566
1,490
1,545
3,674
2,949
3,071
3,133
2,965
3,168
3,068
3,668
3,557
3,100
3,084
3,406
3,131
3,264
Total Equity
11.39
1.16
6.15
7
8.73
- -
9.34
2.3
9.07
7.11
26.19
16.94
2.94
4.25
14.41
1.98
8.41
Return on Invested Capital (%)
11.14
3.05
8.7
7.93
7.48
- -
8.54
9.26
11.37
11.27
16.52
7.81
4.11
3.35
8.78
1.72
2.65
Return on Capital (%)
16.36
2.92
14.73
12
11.38
7.8
12.34
10.95
13.64
12.08
28.48
16.14
5.11
5.28
16.61
2.76
7.79
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
3
2
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
700
700
700
Market Capitalization
2,114
2,072
2,016

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,914
2,032
2,125
Cash, Cash Equivalents & STI
810
891
877
Accounts Receivable, Net
523
616
634
Inventories
564
515
600
Total Current Liabilities
487
521
497
Payables & Accruals
480
514
489
ST Debt
1
1
1
Deferred Revenue
1
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.59%
-2.8%
-8.07%
Free Cash Flow
-18.31%
-138.49%
-48.1%
Net Income, GAAP
24.47%
4.2%
-83.07%
Sales/Revenue/Turnover
11.62%
4.67%
-10.85%
Total Cash Common Dividend
- -
22.57%
98.14%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,698
2,414
2,434
2,600
9,147
2025
1,952
2,257
1,854
2,092
8,155
2026
2,090
2,214
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.15
0.16
0.18
0.55
2025
0.08
-0.02
0.05
-0.01
0.09
2026
0.04
0.18
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.1
0.15
- -
0.25
2025
- -
0.4
- -
0.1
0.5
2026
- -
0.14
- -
- -
- -
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Business
Asian Insulators Public Company Limited is a Thailand-based company specializing in the manufacturing and distribution of high-quality porcelain insulators used in electricity distribution and transmission lines. Its core products include a comprehensive range of porcelain insulators such as spool insulators, strain insulators, line post type insulators, pin post type insulators, suspension insulators, and station post type insulators. In addition to insulators, the company offers engineering services through its subsidiary AI Engineering Services Company Limited, providing design, supply, and installation of high voltage substations, distribution and transmission line systems, along with project management. Asian Insulators also operates in alternative energy and vegetable oil production through AI Energy Public Company Limited, producing biodiesel (B100) and crude palm oil products under the Pamola brand. The company has diverse business segments including electrical equipment trading, construction contracts, palm oil products, and port services. The company was founded in 1981 and is headquartered in Bangkok, Thailand. Recent strategic developments include the establishment of subsidiaries to enhance its services in engineering and energy sectors. The company appointed new directors in late 2023 and has continued to declare interim dividends reflecting ongoing business stability. It also expanded operational regulations related to foreign shareholding in 2025. Its subsidiaries include AI Energy Public Company Limited, AI Engineering Services Company Limited, and AI Logistics Co., Ltd, with the latter providing marine shipping services. The company remains focused on innovation and maintaining an ISO-9001 quality assurance program in its manufacturing processes, underscoring its leadership position in the porcelain insulators market for power transmission and distribution grids both domestically and for export markets in Europe and America. Asian Insulators operates primarily in Thailand, with export activities to Europe and America, serving power utilities, construction projects, and industrial energy sectors. The company strategically invests in expanding its product portfolio and engineering capabilities to support the growing demand for electrical transmission infrastructure and renewable energy sources. Over the last 1-2 years, it has been strengthening its corporate governance and operational efficiency to sustain its market position and financial performance in the energy and electrical equipment industries. Its diverse operations and recent organizational enhancements demonstrate a comprehensive approach to serving the electricity distribution and alternative energy markets with a broad product and service offering. This profile reflects the company's comprehensive activities, from manufacturing key electrical components to engaging in energy production and engineering services, alongside recent leadership and structural changes that support its ongoing growth trajectory. The company's focus on quality manufacturing, diversified business segments, and strategic subsidiary investments position it well in the energy infrastructure and alternative energy markets in Asia and beyond.