1. Thailand Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
Solartron Public Co. Ltd.

Solartron Public Co. Ltd.

0.25
THB
+0.01
(+4.17%)
-0.40EPS
431.35MMarket 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
2.21
1.48
1.04
2.02
1.39
1.02
0.62
0.51
0.32
0.23
0.26
0.3
0.45
- -
Basic EPS, GAAP
0.2
0.05
-0.09
-0.07
-0.62
-0.57
-0.59
-0.99
-0.51
-0.15
0.13
-0.03
-0.43
- -
Free Cash Flow per Basic Share
-0.02
-0.71
-1.92
-1.02
0.22
0.03
0.16
0.07
0.06
-0.22
-0.08
-0.03
-0.03
- -
Dividend per Share
0.04
0.04
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.03
2.04
2.5
2.44
2.2
1.74
1.19
0.52
0.63
0.48
0.65
0.64
0.21
- -
Tangible Book Value per Share
2.02
2.03
2.49
2.42
2.16
1.69
1.17
0.51
0.62
0.47
0.64
0.63
0.2
- -
Basic Weighted Avg Shares
612
623
655
678
678
678
678
544
555
1,088
1,197
1,226
1,307
1,304
Sales/Revenue/Turnover
1,352
922
683
1,369
946
693
421
279
177
255
316
364
593
- -
Operating Margin (%)
11.43
5.82
-8.28
-1.72
-39.5
-51.45
-71.6
-66.37
-127.76
-51.67
-35.36
-43.5
-69.1
- -
Depreciation Expense
22
88
93
102
181
181
176
172
140
134
159
140
137
- -
Net Income, GAAP
121
34
-60
-50
-417
-383
-402
-541
-283
-167
153
-36
-562
- -
Effective Tax Rate (%)
19.98
21.91
- -
- -
- -
- -
- -
- -
- -
- -
15.59
- -
- -
- -
Profit Margin (%)
8.97
3.68
-8.79
-3.69
-44.15
-55.3
-95.64
-193.66
-159.48
-65.5
48.31
-9.76
-94.86
- -
Working Capital
200
427
224
-477
-227
-557
-363
-486
-117
-284
-205
-109
-407
- -
LT Debt
8
312
228
211
466
322
705
665
639
603
577
444
352
- -
Total Equity
1,508
1,517
2,016
1,965
1,836
1,478
1,041
502
770
602
861
833
273
- -
Return on Invested Capital (%)
7.87
1.95
- -
- -
- -
- -
- -
- -
- -
- -
10.71
- -
- -
- -
Return on Capital (%)
7.93
2.25
- -
- -
- -
- -
- -
- -
- -
- -
10.93
- -
- -
- -
Return on Common Equity (%)
8.84
2.24
-3.4
-2.54
-22.33
-24.16
-34.15
-78.51
-51.07
-27.69
23.47
-4.4
-101.58
- -

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
236
389
- -
LT Borrowings
337
167
- -
LT Finance Leases
15
15
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,307
1,307
1,307
Market Capitalization
261
431
288

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
221
211
- -
Cash, Cash Equivalents & STI
10
12
- -
Accounts Receivable, Net
106
80
- -
Inventories
2
3
- -
Total Current Liabilities
628
806
- -
Payables & Accruals
231
294
- -
ST Debt
236
389
- -
Deferred Revenue
6
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-10.59%
0.8%
-67.23%
Free Cash Flow
-73.03%
-188.53%
-7.35%
Net Income, GAAP
182.16%
215.87%
1,482.61%
Sales/Revenue/Turnover
7.9%
21.84%
62.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
49
51
87
176
364
2025
118
182
222
70
593
2026
126
- -
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.05
0.09
-0.03
-0.03
2025
-0.06
-0.04
-0.04
-0.29
-0.43
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Patama Wongtoythong
Full Time Employees
108
Sector
Utilities
Industry
Alternative power generation
Address
77/31, 32, 33 Soi Chaeng Wattana 15 Bangkok BM Thailand 10210
IPO Date
Apr 4, 2005
Website
solartron.co.th
Similar Companies
Adani Green Energy Limited (NSE:ADANIGREEN)
Talen Energy Corporation (NASDAQ:TLN)
Fervo Energy Company (NASDAQ:FRVO)
YEO Teknoloji Enerji ve Endustri A.S. (BIST:YEOTK)
Hun Yenilenebilir Enerji Uretim AS (BIST:HUNER)
KPI Green Energy Limited (NSE:KPIGREEN)
Business
Solartron Public Company Limited (SOLAR.BK) manufactures and distributes electrical equipment and energy solutions primarily for the construction, industrial, and renewable energy sectors in Thailand. The company offers a comprehensive range of products including power meters, energy management systems, solar inverters, photovoltaic modules, battery energy storage systems, and smart grid solutions; it also provides engineering services for solar power plants, electrical distribution systems, and automation controls under its own brands such as Solartron and through partnerships with international technology providers. Founded in 1984 and headquartered in Bangkok, Thailand, Solartron operates nationwide with a focus on commercial, industrial, and utility customers, while expanding into regional ASEAN markets through export sales and project developments. In recent developments, Solartron has strengthened its renewable energy portfolio through strategic partnerships, including a collaboration with a leading Chinese solar panel manufacturer announced in mid-2024 to enhance local production capabilities for photovoltaic modules. The company secured a significant funding round in early 2025 via a convertible bond issuance to support expansion of its battery storage and EV charging infrastructure projects. Additionally, Solartron launched a new line of AI-integrated smart meters in late 2024, targeting smart city initiatives, and completed the acquisition of a smaller regional distributor in 2025 to bolster its presence in Vietnam's industrial sector. These moves reflect Solartron's shift toward integrated renewable energy solutions amid Thailand's push for net-zero emissions by 2050.