1. Thailand Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Birla Carbon (Thailand) Public Co. Ltd.

Birla Carbon (Thailand) Public Co. Ltd.

57.00
THB
0.00
(0.00%)
7.62EPS
6.56P/E
15.00BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
25.96
22.03
16.12
16.8
24.41
28.5
24.98
17.11
34.43
45.14
43.25
40.01
31.85
31.14
Basic EPS, GAAP
3.76
3.31
3.09
7.64
7.61
8.62
7.98
3.45
14.29
13.5
15.31
8.19
6.14
7.62
Free Cash Flow per Basic Share
4.72
5.56
1.51
3.38
5.06
3.46
5.17
1.27
1.01
1.59
3.17
2.91
-9
-11.71
Dividend per Share
0.55
0.44
0.6
0.6
0.8
1
1.1
1.2
0.81
1.65
1.4
1.4
1
1
Book Value per Share
37.98
38.27
40.61
47.84
54.46
61.23
66.96
69.36
83.41
93.79
110.25
111.59
116.93
121.55
Tangible Book Value per Share
37.97
38.19
40.52
47.78
54.41
61.19
66.94
69.36
83.41
93.79
110.25
111.59
116.93
121.55
Basic Weighted Avg Shares
300
300
300
300
300
300
300
300
300
300
300
300
300
300
Sales/Revenue/Turnover
7,789
6,608
4,836
5,040
7,324
8,550
7,494
5,134
10,328
13,543
12,976
12,002
9,554
9,342
Operating Margin (%)
10.7
11.3
13.23
21.07
23.12
19.76
19.53
19.33
99.92
9.46
17.01
12.83
10.72
7.08
Depreciation Expense
360
297
253
193
190
214
237
210
180
182
190
260
262
260
Net Income, GAAP
1,128
994
927
2,293
2,282
2,585
2,394
1,036
4,287
4,049
4,593
2,458
1,843
2,287
Effective Tax Rate (%)
- -
10.4
11.33
7.85
8.91
14.81
15.97
14.4
11.77
11.26
14.92
12.04
15.46
14.46
Profit Margin (%)
14.48
15.04
19.17
45.49
31.16
30.23
31.95
20.19
41.51
29.9
35.4
20.48
19.29
24.49
Working Capital
1,193
829
9,303
3,717
1,748
4,036
5,040
5,595
6,915
7,498
7,696
7,108
3,718
3,167
LT Debt
2,412
1,425
3,704
3,461
- -
- -
2
- -
- -
2
2
- -
2
2
Total Equity
11,393
11,482
12,182
14,353
16,338
18,368
20,089
20,809
25,023
28,136
33,076
33,478
35,079
36,465
Return on Invested Capital (%)
- -
4.28
3.78
5.75
8.94
8.23
9.83
3.59
10.93
8.54
11.11
4.4
4.07
4.61
Return on Capital (%)
- -
7.71
6.87
14.26
14.4
14.9
12.45
5.07
18.71
15.23
15.01
7.39
5.38
6.51
Return on Common Equity (%)
10.46
8.69
7.84
17.28
14.87
14.9
12.45
5.07
18.71
15.23
15.01
7.39
5.38
6.51

Capital Structure

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
15,450
12,975
15,000

Working Capital

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
9,077
8,294
7,352
Cash, Cash Equivalents & STI
5,307
4,016
2,119
Accounts Receivable, Net
1,297
1,334
1,278
Inventories
2,176
2,691
3,503
Total Current Liabilities
4,105
4,576
4,185
Payables & Accruals
4,105
4,410
4,183
ST Debt
- -
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.33%
11.25%
4.78%
Free Cash Flow
-16.69%
-56.44%
-409.95%
Net Income, GAAP
34.6%
50.01%
-25.01%
Sales/Revenue/Turnover
12.26%
20.04%
-20.4%
Total Cash Common Dividend
10.49%
5.55%
-28.45%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,493
3,012
2,553
2,944
12,002
2026
2,566
2,338
2,191
2,458
9,554
2027
2,354
- -
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.94
-3.5
5.2
2.56
8.19
2026
0.53
1.9
0.77
2.94
6.14
2027
2.01
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
1.4
- -
- -
1.4
2026
- -
1
- -
- -
1
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Laurent Kosbach
Full Time Employees
437
Sector
Process industries
Industry
Chemicals: specialty
Address
888/122, 188/128, Mahatun Plaza Bldg. Bangkok BM Thailand 10330
IPO Date
Aug 24, 1990
Website
birlacarbon.com
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Business
Birla Carbon (Thailand) Public Company Limited manufactures and sells carbon black, a key additive used in tires, mechanical rubber goods, plastics, inks, coatings, energy systems, adhesives, sealants, and nanocyl applications; the company offers a wide range of carbon black grades under the Birla Carbon brand, including high-performance rubber carbon blacks, customized grades, ASTM-compliant products, specialty carbon blacks such as RAVEN pigment carbon black and CONDUCTEX conductive carbon black, and sustainable alternatives like CONTINUA carbonaceous material. Founded in 1978 and headquartered in Bangkok, Thailand, with its primary production facility in Angthong province boasting a capacity of 275,000 tonnes per annum and co-generation capabilities for 370 metric tons of steam and 49.7 megawatts of electricity per hour, Birla Carbon (Thailand) operates as a flagship entity of the Aditya Birla Group's global carbon solutions business and lists on the Stock Exchange of Thailand under ticker BCT.BK since 1992. The company supplies to customers across six continents, fulfilling over 50% of Japan's carbon black imports and serving markets in Thailand, Japan, Indonesia, Vietnam, Philippines, Malaysia, China, South Korea, Taiwan, Australia, Pakistan, Mexico, Canada, Singapore, and beyond, targeting tire manufacturers, rubber processors, plastics producers, coatings and inks formulators, and specialty applications in the chemicals and materials sectors. Formerly known as Thai Carbon Black Public Company Limited, it rebranded to Birla Carbon (Thailand) Public Company Limited in July 2018 to align with its parent group's identity. Recent developments include the groundbreaking ceremony on February 19, 2025, for a new greenfield carbon black manufacturing facility in Rayong, Thailand—part of Birla Carbon's broader expansion strategy announced in early 2024—with an initial capacity of 120,000 metric tons per annum operational in 2025 and potential doubling to 240,000 metric tons to meet rising Southeast Asian demand; the company also reported full-year fiscal 2025 earnings with operating revenue of THB 12.0 billion, net income of THB 2.46 billion, and ongoing installations of advanced emissions control equipment at its Thailand facility to comply with regulatory standards, alongside sustained focus on sustainability initiatives across its operations.