PSP Specialties Public Company Limited

PSP Specialties Public Company Limited

7.40
THB
-0.10
(-1.33%)
0.80EPS
8.15P/E
9.17BMarket Cap
Nov 16Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
10.24
8.7
7.13
11
13.47
10.77
9.54
9.09
9.38
Basic EPS, GAAP
- -
0.25
0.3
0.31
0.4
0.55
0.38
0.48
0.61
0.8
Free Cash Flow per Basic Share
- -
-0.04
0.47
0.54
-0.42
-0.17
1.25
0.5
0.48
0.45
Dividend per Share
- -
0.95
0.36
0.3
0.3
3.17
- -
0.2
0.23
0.35
Book Value per Share
3.07
2.58
2.54
2.55
2.63
0.32
2.35
2.62
3
3.37
Tangible Book Value per Share
2.85
2.5
2.54
2.55
2.62
0.31
2.33
2.57
2.92
2.9
Basic Weighted Avg Shares
1,400
980
980
980
980
980
1,138
1,400
1,400
1,400
Sales/Revenue/Turnover
- -
10,031
8,523
6,986
10,784
13,204
12,257
13,351
12,730
13,135
Operating Margin (%)
- -
2.64
3.75
4.97
6.38
5.8
5.45
6.63
6.78
9
Depreciation Expense
- -
176
179
196
189
189
166
168
207
225
Net Income, GAAP
- -
247
296
300
394
537
428
672
851
1,125
Effective Tax Rate (%)
- -
18.47
18.15
18.65
20.84
21.97
20.44
20.14
17.45
18.06
Profit Margin (%)
- -
2.46
3.47
4.29
3.66
4.07
3.49
5.03
6.68
8.57
Working Capital
1,395
1,156
1,116
1,255
1,441
-385
1,894
1,593
1,340
1,426
LT Debt
5
8
3
5
5
1,685
1,143
797
513
720
Total Equity
4,302
3,608
3,558
3,689
3,944
443
3,285
3,661
4,197
4,717
Return on Invested Capital (%)
- -
5.42
7.98
7.81
12.8
11.6
10
13.53
13.63
14.98
Return on Capital (%)
- -
6.27
8.26
8.26
5.81
11.36
10.44
14.22
16.41
17.76
Return on Common Equity (%)
- -
6.25
8.25
8.4
10.88
26.09
22.94
19.34
21.65
25.9

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,130
930
1,851
LT Borrowings
495
331
697
LT Finance Leases
18
23
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,400
1,400
1,400
Market Capitalization
6,384
6,076
9,170

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,953
4,312
5,862
Cash, Cash Equivalents & STI
780
1,089
952
Accounts Receivable, Net
1,157
1,296
1,980
Inventories
1,717
1,635
2,544
Total Current Liabilities
2,613
2,851
4,436
Payables & Accruals
1,248
1,633
2,229
ST Debt
1,130
930
1,851
Deferred Revenue
208
241
326

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
117.27%
14.63%
Free Cash Flow
- -
-245.8%
-3.92%
Net Income, GAAP
- -
26.24%
26.65%
Sales/Revenue/Turnover
- -
14.78%
-4.65%
Total Cash Common Dividend
- -
- -
14.98%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,504
3,411
3,362
3,074
13,351
2025
3,503
3,371
2,884
2,971
12,730
2026
3,264
4,016
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.14
0.08
0.12
0.48
2025
0.19
0.19
0.15
0.08
0.61
2026
0.19
0.38
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
0.2
2025
- -
0.15
- -
0.08
0.23
2026
- -
0.27
- -
- -
- -

Company Description

CEO
Sint Krongphanich
Sector
Process industries
Industry
Industrial specialties
Address
Bangkok Thailand
IPO Date
Aug 30, 2023
Website
psp.co.th
Business
PSP Specialties Public Company Limited is a Thailand-based independent manufacturer, blender, and integrated supply chain solution provider for specialty petroleum, lubricant, and grease products. Founded in 1989 and headquartered in Samut Sakhon, Thailand, the company operates across three primary business segments: Manufacturing and Blending, Integrated Logistics and Supply Chain Services, and Distribution of Petroleum Specialty Products. PSP Specialties provides comprehensive original equipment manufacturer (OEM) and original design manufacturer (ODM) solutions, formulation development, certified laboratory testing, and contract packaging for multinational energy corporations, national oil companies, independent marketers, and industrial clients across Thailand, the ASEAN region, and the broader Asia-Pacific market. The company manufactures and distributes an extensive portfolio of products and services, including automotive lubricating oils for passenger cars, commercial transport fleets, and motorcycles; industrial lubricants comprising hydraulic oils, turbine oils, industrial gear oils, compressor oils, metalworking fluids, and slideway oils; marine and agricultural machinery lubricants; specialized lubricating greases, including lithium, calcium, aluminum complex, and synthetic grease formulations; rubber process oils utilized in automotive tire and technical rubber production; transformer and electrical insulating oils; and specialized additives and base oil distribution. Its integrated supply chain services encompass liquid bulk storage tank terminals with dedicated jetty access along the Tha Chin River; automated warehousing and storage management systems; customized blending, packaging, and drumming; multimodal bulk transportation; and quality control and customized product research and development. In recent developments, PSP Specialties completed its initial public offering (IPO) and listed its shares on the Stock Exchange of Thailand under the ticker symbol PSP to fund regional expansion, production capacity enhancements, and infrastructure automation. The company has pursued strategic investments and acquisitions, including expanding its equity interest in specialty chemical distribution networks such as UCI Chemical to diversify its commercial portfolio and market reach. PSP Specialties has also accelerated its strategic pivot toward sustainable and next-generation mobility solutions by developing specialized fluids and thermal management lubricants for electric vehicles (EVs), bio-lubricants, and environmentally friendly process oils, while upgrading automation across its Samut Sakhon blending and logistics operations.