1. Thailand Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Thai Poly Acrylic Public Co. Ltd.

Thai Poly Acrylic Public Co. Ltd.

2.62
THB
-0.04
(-1.50%)
0.05EPS
51.32P/E
303.75MMarket Cap
Thai Poly Acrylic Public Co. Ltd.
SET:TPA
(Stock Exchange of Thailand)

Recent

price

2.62

P/E

ratio

51.32

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
12.77
12.46
12.62
11.46
10.08
9.25
8.47
9.35
9.41
7.64
7.71
7.36
6.29
6.65
6.71
4.98
4.21
Revenue per Share
0.43
0.55
0.85
0.28
0.26
0.51
0.57
0.52
-0.32
0.27
0.48
0.15
-0.17
0.1
-0.19
-0.11
0.05
Basic EPS, GAAP
0.35
-0.18
0.92
0.22
-0.06
0.93
0.83
-0.29
-0.66
0.15
0.59
-0.1
0.6
0.23
0.01
-0.04
0.12
Free Cash Flow per Basic Share
0.45
0.4
0.65
0.5
0.25
0.2
0.4
1.01
0.3
0.45
0.45
0.45
0.45
- -
0.26
- -
- -
Dividend per Share
4.97
5.04
5.24
5.02
5.02
5.33
5.5
5.02
4.39
4.19
4.21
3.94
3.35
3.49
3.05
2.91
2.95
Book Value per Share
4.95
5.03
5.23
5.01
5.02
5.32
5.5
5.01
4.39
4.18
4.2
3.94
3.35
3.48
3.05
2.91
2.95
Tangible Book Value per Share
121
122
122
122
121
122
122
121
122
122
121
121
121
119
118
127
124
Basic Weighted Avg Shares
1,552
1,513
1,533
1,392
1,218
1,127
1,030
1,129
1,149
936
931
894
759
794
795
632
520
Sales/Revenue/Turnover
1.84
5.43
8.29
2.59
2.79
6.18
7.92
-4.64
-4.66
4.01
7.99
1.32
-3.42
1.02
-3.15
-2.58
0.65
Operating Margin (%)
36
27
19
18
18
19
20
22
21
21
23
22
21
20
20
19
16
Depreciation Expense
52
67
103
33
31
62
69
63
-39
33
58
18
-21
12
-23
-14
6
Net Income, GAAP
25.72
28.5
22.94
20.16
20.3
21.83
20.06
20.1
- -
19.88
20.53
19.37
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.35
4.42
6.75
2.4
2.58
5.51
6.73
5.56
-3.4
3.53
6.22
2.04
-2.7
1.5
-2.83
-2.21
1.16
Profit Margin (%)
312
260
272
224
238
287
315
363
281
287
296
271
203
225
183
179
186
Working Capital
1
- -
- -
3
2
1
2
1
1
- -
2
3
2
8
6
3
2
LT Debt
604
613
637
609
611
647
668
610
534
509
511
479
407
423
371
354
359
Total Equity
8.46
4.58
16.24
5.33
5.13
9.8
10.45
9.25
- -
6.4
11.37
3.67
- -
- -
- -
- -
- -
Return on Invested Capital (%)
8.59
10.99
16.55
5.37
5.15
9.86
10.51
9.81
- -
6.33
11.34
3.67
- -
- -
- -
- -
- -
Return on Capital (%)
8.59
11
16.56
5.36
5.15
9.88
10.54
9.84
-6.83
6.34
11.36
3.68
-4.63
2.87
-5.67
-3.86
1.69
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
122
122
122
Market Capitalization
321
282
304

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
287
307
320
Cash, Cash Equivalents & STI
115
128
111
Accounts Receivable, Net
109
105
116
Inventories
57
69
87
Total Current Liabilities
108
124
134
Payables & Accruals
99
117
128
ST Debt
2
2
2
Deferred Revenue
6
4
3

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.65%
-6.85%
-4.49%
Free Cash Flow
-121.7%
-276.4%
-395.9%
Net Income, GAAP
-103.52%
-153.16%
-37.94%
Sales/Revenue/Turnover
-5.11%
-6.96%
-20.51%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
212
216
180
188
795
2025
186
158
146
141
632
2026
119
113
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
-0.14
-0.07
-0.19
2025
-0.03
-0.09
- -
0.01
-0.11
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.26
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Asian Paints Ltd. (NSE:ASIANPAINT)
Solar Industries India Limited (NSE:SOLARINDS)
Berger Paints India Limited (NSE:BERGEPAINT)
Fineotex Chemical Limited (NSE:FCL)
Graphite India Limited (NSE:GRAPHITE)
Srf Limited (NSE:SRF)
Business
Thai Poly Acrylic Public Company Limited manufactures and distributes a comprehensive range of acrylic and extruded plastic sheets including cast acrylic sheets such as general purpose, LED block, magic colors, Miracle-1, light guide panel, diffusion, sanitary ware, and texture; extrusion sheets and rolls including PMMA anti-glare and pattern, polystyrene (PS) pattern, acrylonitrile butadiene styrene (ABS), high impact polystyrene (HIPS), Complas, SuperGlas XT, Impact XT, polypropylene, and polyethylene sheets; as well as acrylic roof Moden Glas products. The company serves diverse industries including architecture and construction, lighting, home appliances and refrigerators, packaging, automotive and transportation, hygiene and safety, sanitary ware, trophies and premium products, signage and advertisement, interior design and decoration, and retail display and point-of-purchase applications. Established in 1985 and headquartered in Sam Phran, Thailand, Thai Poly Acrylic operates with production technologies that include three cast acrylic production lines capable of producing general purpose and sanitary grade sheets and five major extruders for plastic materials with a combined capacity of 10,000 tonnes per annum. In recent years, Thai Poly Acrylic has maintained steady revenue while expanding its specialty product lines including LED acrylic blocks, LED diffusion, and LED light guide panels for signage and display applications. The company completed acquisitions during 2023, enhancing its operational capabilities and product range. It continues to focus on innovation in acrylic and plastic sheet manufacturing, supporting growth in its targeted markets both domestically and internationally. Thai Poly Acrylic’s strategic emphasis remains on quality enhancement, diversification of specialty products, and strengthening its market presence in Southeast Asia. The company functions primarily in the plastics manufacturing and distribution sector with a strong footprint in Thailand and export markets. Its extensive product portfolio positions it as a leader in acrylic and extruded plastic sheet production, catering to broad industrial applications. Thai Poly Acrylic is listed on the Stock Exchange of Thailand under the ticker TPA.BK. The firm employs over 350 people and continues to invest in technology and capacity improvements to meet evolving customer needs and industry standards. Recent operational updates reflect a commitment to both maintaining traditional product strengths and advancing new product innovation for enhanced market competitiveness.