1. Thailand Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Tirathai Public Co., Ltd.

Tirathai Public Co., Ltd.

12.10
THB
0.00
(0.00%)
1.05EPS
12.07P/E
3.91BMarket Cap
Tirathai Public Co., Ltd.
SET:TRT
(Stock Exchange of Thailand)

Recent

price

12.10

P/E

ratio

12.07

div

yld

2.89%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
5.61
6.2
6.24
8.18
6.92
7.22
8.24
7.89
8.49
7.84
8.24
6.56
5.5
6.77
9.29
6.65
7.46
Revenue per Share
0.54
0.67
0.1
0.58
0.16
-0.15
0.2
-0.22
-0.1
0.24
0.04
0.24
-0.3
0.42
0.73
0.37
1.05
Basic EPS, GAAP
1.49
0.11
-0.78
0.86
0.09
-1.68
-0.92
0.92
0.11
0.91
-0.38
1.55
-0.42
-0.83
2.38
0.63
1.77
Free Cash Flow per Basic Share
0.49
0.4
0.23
0.12
0.19
0.1
0.05
0.13
- -
- -
0.12
0.02
0.12
- -
0.21
0.3
0.35
Dividend per Share
3.41
3.46
3.39
3.84
3.81
3.53
3.68
3.39
3.34
3.59
3.52
3.72
3.3
3.72
4.12
4.19
4.84
Book Value per Share
3.31
3.38
3.23
3.69
3.68
3.42
3.58
3.3
3.25
3.51
3.34
3.54
3.11
3.53
3.93
4.01
4.64
Tangible Book Value per Share
266
299
308
308
308
308
308
308
308
308
308
308
308
308
308
308
308
Basic Weighted Avg Shares
1,492
1,855
1,921
2,518
2,132
2,224
2,537
2,430
2,616
2,416
2,539
2,021
1,694
2,084
2,862
2,049
2,296
Sales/Revenue/Turnover
11.88
13.33
2.49
10.43
4.91
-0.79
4.44
-1.15
2.02
8.4
4.12
6.37
-5.16
10.91
12.01
8.72
18.28
Operating Margin (%)
36
40
48
52
58
62
67
83
88
86
92
83
77
67
69
68
70
Depreciation Expense
143
199
29
178
48
-46
61
-69
-31
75
12
73
-92
130
223
115
324
Net Income, GAAP
20.36
19.24
31.45
20.53
27.38
- -
29.27
- -
- -
48.07
61.88
28.66
- -
29.26
20.6
22.31
21.03
Effective Tax Rate (%)
9.57
10.75
1.53
7.05
2.26
-2.07
2.41
-2.83
-1.18
3.12
0.47
3.59
-5.44
6.22
7.81
5.59
14.11
Profit Margin (%)
527
573
901
1,218
480
658
433
425
72
436
550
576
353
448
472
347
470
Working Capital
73
23
617
601
- -
499
459
598
199
403
515
389
342
280
163
89
144
LT Debt
932
1,064
1,044
1,184
1,174
1,077
1,127
1,035
1,015
1,087
1,060
1,119
987
1,114
1,236
1,257
1,457
Total Equity
11.72
15.11
3.13
8.67
2.3
- -
2.28
- -
- -
3.99
1.27
4.41
- -
7.24
11.83
6.43
24.85
Return on Invested Capital (%)
11.76
14.91
3.06
10.48
3.86
- -
3.59
- -
- -
4.47
1.53
4.51
- -
7.46
11.72
6.29
15.66
Return on Capital (%)
16.64
19.98
2.8
15.95
4.08
-4.07
5.51
-6.31
-2.97
7.06
1.09
6.52
-8.52
11.99
18.5
8.95
23.41
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,161
1,155
798
LT Borrowings
64
128
112
LT Finance Leases
25
24
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
308
308
308
Market Capitalization
1,053
1,226
3,912

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,423
2,679
2,871
Cash, Cash Equivalents & STI
462
363
631
Accounts Receivable, Net
560
895
699
Inventories
1,315
1,353
1,472
Total Current Liabilities
2,077
2,255
2,401
Payables & Accruals
464
434
499
ST Debt
1,161
1,155
798
Deferred Revenue
451
667
1,104

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.84%
3.86%
1.66%
Free Cash Flow
-74.42%
-200.77%
-73.78%
Net Income, GAAP
-86.42%
13.12%
-48.68%
Sales/Revenue/Turnover
1.03%
-0.92%
-28.4%
Total Cash Common Dividend
- -
- -
42.85%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
798
792
695
560
2,862
2025
627
575
276
591
2,049
2026
733
697
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.17
0.31
-0.07
0.73
2025
0.15
0.11
0.01
0.1
0.37
2026
0.53
0.41
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.21
- -
- -
0.21
2025
- -
0.24
0.06
- -
0.3
2026
- -
0.29
- -
- -
- -
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Business
Tirathai Public Company Limited manufactures, repairs, sells and maintains transformer equipment for electrical power systems in Thailand and internationally. The company produces power transformers rated over 10 mega volt amperes or above 36 kilovolts for electricity generators and suppliers; distribution transformers for receiving electricity from distribution lines of generating authorities; and special transformers designed to customer specifications; alongside services including transformer erection and installation, oil filling, maintenance, modification and repairs, testing, and rental. Tirathai also distributes electrical power equipment and provides custom metal work services such as welding, steel fabrication and construction projects. Founded in 1987 and headquartered in Samut Prakan, Thailand, at Bangpoo Industrial Estate, the company operates two manufacturing plants and serves domestic markets through the Metropolitan Electricity Authority and Provincial Electricity Authority, with international reach in Vietnam, India, Sri Lanka, Pakistan, Malaysia, Singapore, Philippines, Nepal and Australia. Tirathai holds technology transfers from Siemens Transformer Austria GmbH & Co KG and Fuji Electric Systems Co., Ltd., positioning it as Thailand's sole local producer of both power and distribution transformers. Recent developments include an academic collaboration agreement with Rajamangala University of Technology Thanyaburi signed on November 14, 2025; a strategic cooperation with Siemens Energy for transformer online monitoring announced in February 2021; receipt of the Carbon Footprint of Organization certificate in June 2023; and delivery of Thailand's largest and highest-voltage power transformer to the Electricity Generating Authority of Thailand in June 2022.