1. Thailand Stocks

  2. •

    Utilities

  3. •

    Electric utilities
TPC Power Holding Public Company Limited

TPC Power Holding Public Company Limited

0.97
THB
-0.03
(-3.00%)
-2.04EPS
561.68MMarket Cap
Nov 11Next Earn
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
0.65
0.83
0.76
1.68
2.72
3.89
4.09
4.43
6.16
6.6
7.11
5.9
5.58
5.42
Basic EPS, GAAP
0.04
0.09
0.12
0.5
0.52
0.88
0.9
0.63
0.34
0.43
0.7
0.58
-0.48
-2.27
Free Cash Flow per Basic Share
-0.36
-1.58
-1.16
-0.63
-0.22
0.16
-2.58
-0.2
-0.32
1.12
1.41
1.13
1.53
1.46
Dividend per Share
- -
- -
0.02
- -
0.03
0.06
0.15
0.21
0.45
0.05
0.18
0.76
0.04
- -
Book Value per Share
18.49
4.31
4.42
4.92
5.41
6.24
6.98
7.4
7.19
7.59
8.23
8.05
7.53
5.98
Tangible Book Value per Share
18.24
4.28
4.39
4.9
5.38
6.22
6.96
7.33
7.12
7.51
8.18
7.98
7.47
5.92
Basic Weighted Avg Shares
279
312
401
401
401
401
401
401
401
401
401
401
401
401
Sales/Revenue/Turnover
180
258
305
672
1,093
1,560
1,642
1,777
2,470
2,648
2,851
2,365
2,239
2,174
Operating Margin (%)
18.58
26.87
24.87
38.42
33.13
40.16
38.2
28.01
18.34
19.84
16.89
24.07
22.41
-5.5
Depreciation Expense
22
27
35
62
101
152
161
222
353
366
365
273
280
288
Net Income, GAAP
12
28
46
201
208
354
360
251
135
173
281
234
-192
-912
Effective Tax Rate (%)
1.86
- -
- -
- -
0.09
0.05
0.07
0.17
3.6
4.44
2.42
3.5
- -
- -
Profit Margin (%)
6.86
11.03
15.15
29.92
19.05
22.68
21.89
14.12
5.48
6.54
9.87
9.91
-8.59
-41.95
Working Capital
280
1,363
1,005
832
177
283
17
-770
278
147
-427
157
734
41
LT Debt
416
732
861
1,550
1,697
1,845
2,865
3,030
4,434
4,125
1,440
2,047
2,271
1,933
Total Equity
657
1,948
2,137
2,437
2,754
3,268
3,707
4,051
3,749
3,917
3,915
3,773
3,547
2,943
Return on Invested Capital (%)
3.6
- -
- -
- -
8.13
12.25
9.9
6.51
5.14
5.57
8.31
6.91
- -
- -
Return on Capital (%)
2.57
- -
- -
- -
3.47
4.49
3.49
2.16
1.65
2.73
4.44
4.18
- -
- -
Return on Common Equity (%)
3.4
2.48
2.64
10.74
10.04
15.14
13.56
8.7
4.63
5.84
8.87
7.18
-6.15
-31.93

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
848
851
810
LT Borrowings
2,244
2,085
1,913
LT Finance Leases
27
25
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
401
401
401
Market Capitalization
514
746
562

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,861
1,411
1,183
Cash, Cash Equivalents & STI
43
20
7
Accounts Receivable, Net
409
389
344
Inventories
52
51
47
Total Current Liabilities
1,127
1,116
1,142
Payables & Accruals
279
264
234
ST Debt
848
851
810
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.58%
-2.53%
-5.98%
Free Cash Flow
-247.11%
-68.94%
35.13%
Net Income, GAAP
22.6%
-30.89%
-182.04%
Sales/Revenue/Turnover
27.08%
6.29%
-5.34%
Total Cash Common Dividend
- -
98.15%
-95.12%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
602
583
602
577
2,365
2025
603
532
523
581
2,239
2026
566
504
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.21
0.17
-0.05
0.58
2025
0.16
0.08
-0.81
0.09
-0.48
2026
-0.14
-1.42
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.23
0.13
0.76
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Cherdsak Wattanavijitkul
Full Time Employees
350
Sector
Utilities
Industry
Electric utilities
Address
4/2 Prasertmanukit Soi 29 Yeak 8 Bangkok BM Thailand 10230
IPO Date
Jan 8, 2015
Website
tpcpower.co.th
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Business
TPC Power Holding Public Company Limited (Ticker: TPCH.BK) operates primarily in the power generation and energy sector in Thailand. The company specializes in producing, selling, and distributing electricity and steam, with core products and services including power plant operations; electricity generation from combined heat and power (CHP) plants; provision of steam for industrial use; and operation of cogeneration plants. TPC Power serves industrial customers and utilities within Thailand and potentially the Southeast Asia region. Established in 1991, the company is headquartered in Bangkok, Thailand. Recent major company developments include strategic partnerships and operational expansions aimed at enhancing its power generation capacity and service offerings. In the last 1-2 years, TPC Power has engaged in initiatives to strengthen its energy portfolio, including potential new technology integration and possible acquisitions or funding to support growth in renewable or more efficient energy production. The company has maintained its focus on cogeneration technology but is also adapting to market demands for sustainable energy, possibly launching new projects or services aligned with Thailand’s energy transition policies. TPC Power Holding operates within the industrial energy segment, targeting manufacturing sectors requiring both electricity and steam for production processes. Its business model emphasizes combined heat and power solutions, maximizing energy efficiency for clients. The company’s operations are concentrated in Thailand, reflecting its commitment to domestic energy infrastructure development, with potential exploration of wider ASEAN market opportunities. It is a publicly listed entity on the Stock Exchange of Thailand and functions independently without being a subsidiary. This comprehensive focus on power generation services, cogeneration technology, and recent strategic moves to expand and modernize operations situates TPC Power Holding Public Company Limited as a significant player in Thailand’s energy sector, committed to efficient and sustainable energy solutions to support industrial growth and energy stability in the region.