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    Industrials

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    Agricultural - Machinery
T.M.C. Industrial Public Company Limited

T.M.C. Industrial Public Company Limited

TMC.BK
T.M.C. Industrial Public Company LimitedTH flagStock Exchange of Thailand
0.70
THB
- -
- -
321.16MMarket Cap
T.M.C. Industrial Public Company Limited
TMC.BK
(Stock Exchange of Thailand)

Recent

price

0.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.25
4.48
2.63
2.17
1.79
1.09
0.98
0.75
1.18
0.65
0.64
0.73
0.71
0.58
- -
0.63
Revenue per Share
0.16
0.61
0.02
-0.17
-0.23
-0.65
-0.11
-0.15
-0.13
-0.12
-0.09
0.58
0.03
-0.06
- -
-0.03
Basic EPS, GAAP
0.08
0.93
-1.21
-0.6
-0.48
-0.19
-0.15
-0.03
-0.08
0.05
-0.07
0.06
-0.02
-0.12
- -
-0.05
Free Cash Flow per Basic Share
0.11
0.12
0.12
0.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.13
1.9
1.33
1.14
1.19
0.35
1.18
0.85
0.83
0.81
0.72
1.28
1.31
1.26
- -
1.23
Book Value per Share
1.07
3
2.16
1.98
2.28
1.22
1.54
1.08
0.92
0.81
0.72
1.3
1.33
1.28
- -
1.24
Tangible Book Value per Share
206
224
299
299
296
363
366
459
459
459
459
459
459
459
- -
457
Basic Weighted Avg Shares
670
1,003
785
649
531
395
358
346
542
299
292
335
327
265
278
286
Sales/Revenue/Turnover
9.02
17.93
1.09
-9.33
-18.17
-25.02
-14.61
-17.95
-8.55
-13.89
-10.34
11.67
5.4
-11.55
2.14
2.65
Operating Margin (%)
35
37
43
44
44
36
29
35
30
31
26
22
11
15
17
17
Depreciation Expense
32
136
7
-50
-68
-237
-41
-68
-59
-54
-41
267
15
-29
-14
-13
Net Income, GAAP
35.99
22.11
37.85
- -
- -
- -
- -
- -
- -
- -
- -
- -
15.47
- -
- -
- -
Effective Tax Rate (%)
4.84
13.61
0.91
-7.68
-12.75
-59.89
-11.56
-19.69
-10.91
-17.99
-14.03
79.65
4.51
-11.03
-5.18
-4.44
Profit Margin (%)
-28
367
192
-19
-40
-186
363
-113
-178
-186
-198
468
460
441
442
434
Working Capital
44
9
133
118
91
66
66
46
1
1
- -
- -
11
11
8
8
LT Debt
238
688
662
604
687
452
568
500
424
370
329
595
617
595
581
575
Total Equity
- -
22.89
0.6
- -
- -
- -
- -
- -
- -
- -
- -
6.72
2.45
- -
- -
- -
Return on Invested Capital (%)
- -
31.03
1.6
- -
- -
- -
- -
- -
- -
- -
- -
47.71
2.48
- -
- -
-2.23
Return on Capital (%)
- -
41.37
1.74
-13.45
-19.49
-98.77
-14.78
-16.55
-15.3
-14.3
-11.74
58.17
2.48
-4.95
-2.51
-2.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3
3
2
LT Borrowings
- -
- -
- -
LT Finance Leases
9
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
459
459
459
Market Capitalization
358
327
320

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
498
478
478
Cash, Cash Equivalents & STI
323
325
340
Accounts Receivable, Net
36
61
24
Inventories
131
84
89
Total Current Liabilities
65
36
45
Payables & Accruals
34
22
26
ST Debt
3
3
2
Deferred Revenue
24
8
12

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.91%
13.51%
-2.41%
Free Cash Flow
-14.62%
2.86%
-33.73%
Net Income, GAAP
-100.81%
-243.55%
-50.82%
Sales/Revenue/Turnover
-3.07%
-0.86%
4.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45
64
67
89
265
2025
45
59
46
128
278
2026
53
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
-0.06
- -
-0.06
2025
-0.02
-0.04
- -
- -
- -
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
T.M.C. Industrial Public Company Limited (TMC.BK) manufactures and distributes industrial maintenance products and services throughout Thailand and Southeast Asia. The company offers a comprehensive range of lubricants including engine oils, industrial oils, greases, and specialty fluids under brands such as TMC, Petromax, and Unil; cleaning and maintenance chemicals for industrial, automotive, and household applications; adhesives, sealants, and coatings; safety equipment and personal protective gear; and engineering tools and workshop supplies. TMC provides additional services such as lubrication system design, maintenance consulting, and equipment calibration, targeting manufacturing plants, automotive workshops, construction firms, and government entities across Thailand with regional exports to neighboring countries. Founded in 1993 and headquartered in Bangkok, Thailand, TMC operates through subsidiaries focused on distribution networks and specialized product lines, serving diverse industries including automotive, food processing, textiles, and power generation. The company maintains a strong presence in Thailand's industrial heartlands like the Eastern Seaboard and has expanded its footprint via strategic warehouse facilities and e-commerce platforms for B2B sales. In recent developments, TMC reported robust revenue growth in 2024 driven by demand recovery in manufacturing and new product launches in bio-based lubricants aligned with sustainability trends; the company secured a major supply contract with a leading Thai automotive assembler in mid-2025 and announced plans for a new distribution center in Laos to bolster ASEAN operations. Additionally, TMC participated in a 2025 funding round with institutional investors to fund digital transformation initiatives, including AI-driven inventory management, while maintaining its position as a key player in Thailand's MRO (maintenance, repair, and operations) sector amid economic rebound.