1. Thailand Stocks

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    Producer manufacturing

  3. •

    Electrical products
Ekarat Engineering Public Co., Ltd.

Ekarat Engineering Public Co., Ltd.

1.06
THB
0.00
(0.00%)
0.09EPS
9.62P/E
1.34BMarket Cap
Ekarat Engineering Public Co., Ltd.
SET:AKR
(Stock Exchange of Thailand)

Recent

price

1.06

P/E

ratio

9.62

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
1.92
2.21
2.76
2.29
1.53
1.56
1.21
1.25
1.09
1.21
1.11
1
1.43
1.55
1.75
1.3
1.27
Revenue per Share
-0.43
-0.13
0.13
0.59
0.08
0.07
-0.05
0.03
-0.21
0.06
0.07
0.06
0.11
0.15
0.19
0.13
0.09
Basic EPS, GAAP
0.18
0.14
0.18
0.18
0.08
-0.03
-0.01
0.09
0.06
- -
0.18
-0.14
0.04
0.19
0.15
0.23
-0.06
Free Cash Flow per Basic Share
- -
- -
- -
0.01
0.05
0.07
0.05
0.02
0.03
- -
- -
- -
0.04
0.06
0.06
0.1
- -
Dividend per Share
0.38
0.28
0.39
0.96
0.99
0.99
0.89
0.89
0.66
0.72
0.79
0.86
0.93
1.02
1.14
1.16
1.13
Book Value per Share
0.37
0.28
0.39
0.96
0.99
0.99
0.88
0.89
0.65
0.72
0.79
0.86
0.92
1
1.13
1.14
1.12
Tangible Book Value per Share
840
840
840
860
1,343
1,343
1,343
1,343
1,343
1,343
1,343
1,420
1,472
1,472
1,472
1,472
1,469
Basic Weighted Avg Shares
1,616
1,858
2,313
1,971
2,050
2,095
1,623
1,684
1,464
1,630
1,488
1,414
2,105
2,284
2,571
1,918
1,862
Sales/Revenue/Turnover
1.36
4.98
12.65
7.74
8.38
7.03
-3.95
2.3
-0.3
6.01
8.39
8.24
9.76
12.66
14.05
10.48
10.03
Operating Margin (%)
119
99
96
95
91
95
102
106
107
66
76
79
78
79
78
65
64
Depreciation Expense
-365
-105
112
504
105
95
-62
44
-280
83
98
90
159
221
280
189
139
Net Income, GAAP
- -
- -
46.86
9.63
22.74
22.75
- -
11.44
- -
3.28
20.02
17.67
19.89
21.6
21.6
25.83
26.49
Effective Tax Rate (%)
-22.56
-5.67
4.82
25.58
5.11
4.52
-3.84
2.63
-19.1
5.06
6.62
6.36
7.58
9.65
10.89
9.87
7.46
Profit Margin (%)
-869
-933
496
444
474
411
183
208
196
350
463
704
788
835
1,083
1,201
1,129
Working Capital
8
2
9
306
218
135
115
120
102
96
124
92
82
66
59
58
56
LT Debt
385
284
396
1,288
1,326
1,326
1,190
1,201
881
975
1,063
1,269
1,362
1,495
1,681
1,702
1,667
Total Equity
- -
- -
14.12
46.7
6.13
7.08
- -
2.18
- -
8.25
8.88
7.03
10.76
13.92
15.87
10.8
8.21
Return on Invested Capital (%)
- -
- -
15.53
55.09
7.87
7.05
- -
4.78
- -
8.08
8.89
6.97
10.73
13.83
16.13
10.6
7.96
Return on Capital (%)
-64.29
-31.51
32.8
59.87
8.01
7.13
-4.96
3.71
-26.86
8.9
9.67
7.71
12.12
15.44
17.64
11.2
8.4
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23
49
165
LT Borrowings
- -
- -
- -
LT Finance Leases
58
53
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,472
1,472
1,472
Market Capitalization
1,281
1,339
1,339

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,520
1,597
1,705
Cash, Cash Equivalents & STI
384
371
193
Accounts Receivable, Net
285
263
448
Inventories
727
871
945
Total Current Liabilities
319
419
576
Payables & Accruals
197
317
324
ST Debt
23
49
165
Deferred Revenue
50
38
58

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.39%
10.03%
1.25%
Free Cash Flow
-1,328.79%
28.78%
52.02%
Net Income, GAAP
-107.69%
20.31%
-32.38%
Sales/Revenue/Turnover
1.03%
7.92%
-25.42%
Total Cash Common Dividend
- -
- -
53.88%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
456
520
710
886
2,571
2025
513
425
365
615
1,918
2026
333
549
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.06
0.08
0.19
2025
0.06
0.01
- -
0.05
0.13
2026
0.01
0.04
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
- -
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Business
Ekarat Engineering Public Company Limited (AKR.BK) manufactures and distributes distribution transformers and solar energy products in Thailand. The company produces a range of transformers including single-phase units from 1-1,000 kVA, three-phase units up to 30,000 kVA with maximum voltage of 36 kV, dry-type cast resin transformers for indoor applications such as high-rise buildings, power transformers, measuring transformers, complete tanks, indoor and outdoor unit substations, conservators, control panels, corrugated fins, cast resin enclosures and radiator fins; it also manufactures solar cells and modules with 15 MW annual capacity, and offers solar rooftops, ground-mounted solar farms, design and installation services for on-grid and off-grid solar power plants, electricity sales from solar operations, substation design and build-up, industrial electrical system installations, management consulting, after-sales maintenance, repair services for transformers, on-load taps, electrical systems, generators and industrial motors, plus 24-hour service through regional centers with over 70 personnel and more than 100 backup units. Ekarat Engineering, founded on June 24, 1981 and headquartered at 9/291 U.M. Tower, 28th Floor, Ramkamhaeng Road, Suan Luang, Bangkok, Thailand, holds the leading market share in Thailand's distribution transformer segment for over 30 years with annual production capacity of approximately 8,000 units or 4,000 MVA, and operates in domestic and export markets across ASEAN, South Asia, the Middle East, South Africa and Australia, serving electricity authorities, public and private sectors in more than 28 countries. Recent developments include the establishment of a new Ubon Ratchathani Service Center in 2023 to enhance transformer maintenance coverage across seven northeastern provinces, signing of a memorandum of understanding with Planet Communications Asia Public Company Limited for joint development of transformers integrated with IoT technology for electric vehicle charging stations, upgrade to SAP S/4HANA enterprise resource planning system from QAD for improved efficiency, acquisition of advanced high- and low-voltage coil winding machines from Turkey and Israel to boost production capacity, oven control improvements reducing energy use by 20%, a new memorandum with Kasetsart University Sriracha Campus for student development and cooperation, and continued net profit growth to 221 million baht in 2023 with projected increases into 2025.