1. Thailand Stocks

  2. •

    Finance

  3. •

    Real estate development
Major Development Public Co. Ltd.

Major Development Public Co. Ltd.

0.30
THB
0.00
(0.00%)
-2.03EPS
266.73MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.24
6.47
3.71
6.13
3.64
6.08
6.83
8.09
4.99
3.21
2.5
2.77
2.3
2.89
Basic EPS, GAAP
-0.21
0.79
0.14
0.48
-0.21
1.28
0.37
0.23
-0.41
-0.43
-0.38
-0.35
-2.45
-2.03
Free Cash Flow per Basic Share
-3.63
0.76
-3.6
-0.26
-2.73
0.91
0.22
1.63
0.52
0.11
-0.89
-1.07
-0.11
0.8
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.04
3.83
4.11
4.61
4.57
5.91
6.34
6.57
6.17
5.76
5.4
5.08
2.63
2.54
Tangible Book Value per Share
3.03
3.82
4.1
4.59
4.54
5.86
6.31
6.55
6.15
5.74
5.37
5.06
2.61
2.52
Basic Weighted Avg Shares
788
862
888
858
876
858
867
867
861
860
867
854
861
900
Sales/Revenue/Turnover
3,344
5,579
3,297
5,256
3,188
5,220
5,928
7,011
4,298
2,760
2,164
2,362
1,984
2,598
Operating Margin (%)
0.51
14.07
7.05
18.06
-0.83
15.39
9.07
7.74
4.71
-6.14
-3.92
1.38
-39.7
-23.83
Depreciation Expense
58
52
65
99
97
142
147
135
123
108
100
94
72
52
Net Income, GAAP
-163
681
124
412
-184
1,098
321
199
-353
-370
-329
-299
-2,110
-1,825
Effective Tax Rate (%)
- -
22.03
26.11
35.32
- -
14.19
10.21
36.86
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-4.87
12.2
3.77
7.84
-5.77
21.04
5.41
2.84
-8.21
-13.4
-15.22
-12.66
-106.33
-70.23
Working Capital
2,255
1,542
3,627
3,588
6,150
4,607
5,585
4,040
3,381
3,879
7,419
4,736
-1,294
5,568
LT Debt
3,314
1,291
4,624
3,885
7,498
5,356
6,705
5,503
5,533
6,537
8,441
6,513
1,430
6,938
Total Equity
2,618
3,299
3,537
3,963
3,935
5,086
5,456
5,654
5,310
4,960
4,642
4,369
2,261
2,184
Return on Invested Capital (%)
- -
7.21
1.19
4.79
- -
4.81
3.26
2.54
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
8.74
2.69
5.12
- -
9.32
4.37
3.14
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-6.76
23.02
3.64
10.98
-4.66
24.35
6.09
3.59
-6.44
-7.2
-6.86
-6.63
-63.6
-58.9

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,789
3,282
2,486
LT Borrowings
1,416
7,434
6,925
LT Finance Leases
14
14
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
860
860
860
Market Capitalization
293
293
267

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,473
10,694
8,851
Cash, Cash Equivalents & STI
109
395
350
Accounts Receivable, Net
45
59
16
Inventories
9,160
8,772
8,295
Total Current Liabilities
10,767
4,494
3,283
Payables & Accruals
553
552
458
ST Debt
9,789
3,282
2,486
Deferred Revenue
186
472
142

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.17%
-14.64%
-48.26%
Free Cash Flow
18.36%
-226.06%
-89.75%
Net Income, GAAP
-40.58%
62.67%
605.88%
Sales/Revenue/Turnover
1.27%
-20.58%
-15.99%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
606
578
596
582
2,362
2025
437
368
340
839
1,984
2026
758
661
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.13
-0.18
0.04
-0.35
2025
-0.12
-0.3
-0.43
-1.6
-2.45
2026
-0.08
-0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Petrada Poolvoralaks
Full Time Employees
482
Sector
Finance
Industry
Real estate development
Address
141 Major Tower Bangkok BM Thailand 10110
IPO Date
Nov 29, 2007
Website
majordevelopment.co.th
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Major Development Public Limited Company (MJD.BK) engages primarily in the development and sale of residential properties in Thailand. The company offers a range of real estate products and services, including condominiums under brands such as The Base, Park Origin, and Noble; single-detached houses and townhomes in housing estates; rental management services for residential units; and property brokerage and sales agency services. It operates mainly in the Bangkok Metropolitan Region and surrounding provinces, targeting middle-to-upper income homebuyers, investors, and renters seeking modern urban living solutions. Founded in 1995 and headquartered in Bangkok, Thailand, the company focuses on high-rise condominiums and landed housing segments within the residential real estate industry. In recent developments, MJD expanded its portfolio through strategic land acquisitions in greater Bangkok areas during 2024, launched new condominium projects emphasizing sustainable design features, and strengthened partnerships with leading financial institutions for buyer financing options to support sales growth amid recovering market demand.