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    Real estate development
Grand Canal Land Public Co. Ltd.

Grand Canal Land Public Co. Ltd.

0.62
THB
-0.01
(-1.59%)
Grand Canal Land Public Co. Ltd.
SET:GLAND
(Stock Exchange of Thailand)

Recent

price

0.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
0.07
0.01
0.21
0.64
0.86
0.69
0.45
0.25
0.24
0.24
0.23
0.24
0.23
0.24
0.25
0.24
0.23
Revenue per Share
-0.02
-0.01
0.01
0.09
0.32
0.3
0.19
0.18
0.07
0.19
0.11
0.09
0.11
0.06
0.06
0.07
0.06
Basic EPS, GAAP
-0.13
-0.19
-0.08
0.19
0.51
0.38
0.24
0.9
0.07
0.06
0.1
0.09
0.07
0.09
0.1
0.1
0.09
Free Cash Flow per Basic Share
0.03
- -
0.03
- -
0.04
0.12
0.2
0.1
0.1
- -
- -
- -
- -
- -
0.02
0.02
0.03
Dividend per Share
1.02
1.15
1.16
1.42
1.69
1.82
1.81
1.88
1.78
1.98
2.14
2.23
2.35
2.41
2.46
2.51
2.51
Book Value per Share
0.97
1.12
1.13
1.39
1.66
1.8
1.79
1.86
1.77
1.96
2.14
2.23
2.35
2.41
2.46
2.51
2.51
Tangible Book Value per Share
4,388
5,128
5,231
5,276
5,422
5,696
5,892
5,930
6,228
6,500
6,500
6,500
6,500
6,500
6,500
6,500
6,571
Basic Weighted Avg Shares
291
67
1,092
3,385
4,680
3,952
2,654
1,483
1,491
1,591
1,469
1,555
1,515
1,552
1,610
1,552
1,501
Sales/Revenue/Turnover
-64.99
-165.36
13.43
25.81
37.48
41.04
44.11
40.44
48.58
57.42
62.22
59.12
54.97
53.97
53.6
58.15
57.38
Operating Margin (%)
150
39
32
49
17
22
18
17
23
20
10
10
10
10
10
8
7
Depreciation Expense
-74
-29
59
465
1,758
1,732
1,112
1,070
433
1,254
716
574
714
418
421
434
413
Net Income, GAAP
- -
2,918.83
41.51
21.71
20.73
22.28
22.56
21.66
30.28
22.43
21.85
21.37
20.73
24.99
25.11
24.75
25.2
Effective Tax Rate (%)
-25.43
-43.04
5.4
13.72
37.57
43.83
41.9
72.12
29.01
78.83
48.75
36.89
47.12
26.92
26.15
27.98
27.52
Profit Margin (%)
4,714
2,874
1,650
-233
268
-1,782
-5,585
-1,420
-929
-2,511
-2,736
-3,956
-1,292
-3,383
-1,905
-1,094
-3,231
Working Capital
879
844
2,106
3,225
4,371
7,157
6,146
6,491
7,164
4,978
3,688
2,014
4,469
2,466
4,253
4,542
1,074
LT Debt
5,209
6,309
6,817
8,283
10,229
11,471
11,322
11,899
12,360
13,714
14,827
15,486
16,267
16,737
17,074
17,413
17,466
Total Equity
- -
42.04
0.85
5.04
8.44
6.42
4.17
2.25
2.48
3.36
3.29
3.3
2.95
2.74
2.76
2.89
2.78
Return on Invested Capital (%)
- -
-6.81
0.82
3.4
10.58
9.19
6.33
6.6
3.05
6.5
3.92
2.95
3.51
2.44
2.39
2.35
2.3
Return on Capital (%)
-1.63
-0.57
0.99
6.74
20.83
17.3
10.4
9.78
3.8
10.27
5.35
4.04
4.8
2.7
2.66
2.69
2.55
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,378
1,378
3,610
LT Borrowings
4,409
4,699
874
LT Finance Leases
133
199
200
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,500
6,500
6,500
Market Capitalization
- -
- -
- -

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
917
950
933
Cash, Cash Equivalents & STI
46
74
55
Accounts Receivable, Net
41
58
56
Inventories
776
766
744
Total Current Liabilities
2,011
1,996
4,164
Payables & Accruals
394
374
315
ST Debt
1,378
1,378
3,610
Deferred Revenue
235
235
235

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.31%
3.27%
1.98%
Free Cash Flow
21.28%
2.73%
-3.46%
Net Income, GAAP
1.47%
-6.61%
3.12%
Sales/Revenue/Turnover
-7.16%
1.17%
-3.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
386
390
442
392
1,610
2025
394
376
416
357
1,552
2026
362
366
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.02
- -
0.06
2025
0.02
0.02
0.02
- -
0.07
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
- -
- -
0.02
2025
- -
0.02
- -
- -
0.02
2026
- -
0.03
- -
- -
- -
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Business
Grand Canal Land Public Company Limited (GLAND.BK) is a Thailand-based real estate developer engaged in property development, investment, and management. The company develops and sells residential condominium units, including luxury high-rise projects such as Grand Canal Rama 9, Grand Canal Chiang Mai, and Riva Park brands; constructs and leases commercial properties like office buildings, retail spaces, and mixed-use complexes; and manages hotel and hospitality assets under partnerships with international operators. It operates primarily in Thailand, with key projects in Bangkok, Chiang Mai, and other major urban centers, targeting middle-to-upper income buyers, corporate tenants, and hospitality guests. Founded in 2005 and headquartered in Bangkok, the company focuses on premium urban lifestyle properties in the real estate development and investment segments. In recent developments, Grand Canal Land expanded its portfolio through the launch of new residential phases at existing projects and strategic land acquisitions in high-growth areas of Bangkok during 2024-2025. The company formed alliances with leading construction firms for sustainable building initiatives and pursued funding for green-certified developments amid Thailand's property market recovery. No major acquisitions, name changes, or reorganizations were reported in the last two years, with operations emphasizing steady project delivery and asset enhancement.