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    Wholesale distributors
N.D. Rubber Public Company Limited

N.D. Rubber Public Company Limited

1.67
THB
-0.05
(-2.91%)
0.11EPS
16.90P/E
854.39MMarket 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
TTM
Revenue per Share
3.57
3.64
3.83
3.69
3.36
2.7
2.46
2.55
2.42
2.41
2.43
2.05
2.24
Basic EPS, GAAP
0.21
0.16
0.25
0.08
0.1
-0.06
0.14
0.13
-0.07
-0.19
0.02
0.05
0.11
Free Cash Flow per Basic Share
-1.32
0.03
0.05
0.03
0.1
0.08
0.41
0.11
-0.02
-0.03
-0.12
0.07
0.17
Dividend per Share
0.25
0.08
0.06
0.09
- -
0.03
- -
0.05
0.03
0.02
0.05
- -
- -
Book Value per Share
0.93
1.78
1.97
1.96
2.42
2.23
2.38
2.61
2.44
2.17
2.07
2.15
2.22
Tangible Book Value per Share
0.9
1.76
1.96
1.94
1.95
1.87
2.03
2.28
2.13
1.88
1.87
1.93
2
Basic Weighted Avg Shares
220
218
220
222
290
315
315
331
347
347
378
457
457
Sales/Revenue/Turnover
787
792
844
821
973
851
776
841
841
836
918
937
1,023
Operating Margin (%)
7.37
6.46
8.4
2.85
1.73
0.46
7.95
6.04
-1.87
1.1
4.35
3.15
6.72
Depreciation Expense
18
29
34
37
48
46
45
45
48
48
42
45
52
Net Income, GAAP
46
34
56
17
29
-20
45
42
-24
-65
8
21
51
Effective Tax Rate (%)
21.17
20.52
18.83
18.86
31.93
- -
21.2
10.64
- -
- -
52.06
21.12
24.41
Profit Margin (%)
5.8
4.32
6.64
2.05
2.95
-2.3
5.83
4.95
-2.9
-7.77
0.89
2.26
4.94
Working Capital
-248
16
39
23
50
37
115
176
169
188
309
310
313
LT Debt
- -
72
90
61
31
9
2
1
1
34
20
27
22
Total Equity
206
393
436
437
764
703
754
909
849
753
947
983
1,017
Return on Invested Capital (%)
- -
6.52
9.78
3.12
4.39
- -
5.37
4.74
- -
- -
1.52
2.25
4.92
Return on Capital (%)
- -
7.64
10.41
3.69
4.85
- -
5.6
4.65
- -
- -
1.13
2.27
4.93
Return on Common Equity (%)
- -
11.46
13.55
3.88
4.8
-2.67
6.23
5.02
-2.78
-8.13
0.96
2.2
5.13

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
87
79
71
LT Borrowings
10
8
7
LT Finance Leases
17
16
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
457
457
457
Market Capitalization
599
535
854

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
518
515
576
Cash, Cash Equivalents & STI
250
226
267
Accounts Receivable, Net
124
148
149
Inventories
119
120
139
Total Current Liabilities
208
237
264
Payables & Accruals
114
150
186
ST Debt
87
79
71
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.77%
6.44%
3.81%
Free Cash Flow
81.15%
6.09%
-173.01%
Net Income, GAAP
-38.99%
9.14%
158.31%
Sales/Revenue/Turnover
2.07%
3.94%
2.06%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
242
214
222
241
918
2025
231
222
223
261
937
2026
259
280
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
-0.01
0.02
2025
0.01
- -
0.01
0.02
0.05
2026
0.03
0.05
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
- -
0.05
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chaisit Samritthiwanitcha
Full Time Employees
685
Sector
Distribution services
Industry
Wholesale distributors
Address
129 Moo 3 Nongchak –Phanasnikom Road Chonburi CO Thailand 20220
IPO Date
Jan 15, 2015
Website
ndrubber.co.th
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Business
N.D. Rubber Public Company Limited N.D. Rubber Public Company Limited manufactures and distributes motorcycle tires and tubes in Thailand and internationally; produces rubber and synthetic products for automobiles and motorcycles; distributes batteries and related services for automobiles and motorcycles; offers bicycle tires, tubes, and footwear; and generates electricity from solar energy. The company operates primarily in the automotive and renewable energy sectors, serving domestic and export markets across Southeast Asia including Malaysia. Founded in 1990 and headquartered at 129 Moo 3, Nongchak-Phanasnikom Road, Nongeiroon Sub-district, Banbueng District, Chonburi Province, Thailand, it lists on the mai exchange since January 15, 2015, with paid-up capital of 346,891,514 baht. In 2024, N.D. Rubber established subsidiary XTRONIC Company Limited in Prachinburi to enter the electronics industry targeting 5G business operators. As of November 2025, EG Industries Berhad proposes acquiring an additional 17.51% stake for 120 million baht at 1.5 baht per share, potentially increasing its ownership to 41.59% and leading to board nominations and operational synergies without altering core objectives or delisting plans. Earlier investments include a stake in FKRM, a major Malaysian motorcycle tire dealer, supporting regional expansion.