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Thai Nondestructive Testing Public Company Limited

Thai Nondestructive Testing Public Company Limited

TNDT.BK
Thai Nondestructive Testing Public Company LimitedTH flagStock Exchange of Thailand
0.13
THB
- -
- -
225.11MMarket Cap
Thai Nondestructive Testing Public Company Limited
TNDT.BK
(Stock Exchange of Thailand)

Recent

price

0.13

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.33
0.41
0.45
0.49
0.64
0.56
0.45
0.42
0.41
0.45
0.4
0.32
0.26
0.38
0.27
0.21
0.2
Revenue per Share
0.05
0.1
0.1
0.12
0.12
0.08
0.03
0.03
-0.12
0.03
0.03
-0.03
-0.06
-0.45
-0.3
-0.01
-0.01
Basic EPS, GAAP
0.06
0.04
0.13
0.05
0.05
-0.06
-0.05
-0.06
0.07
0.08
-0.01
- -
-0.08
0.08
-0.03
0.03
0.03
Free Cash Flow per Basic Share
0.03
0.03
0.04
0.04
0.05
0.05
0.02
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.31
0.37
0.43
0.5
0.57
0.61
0.62
0.63
0.51
0.54
0.56
0.2
0.45
0.05
0.16
0.09
0.08
Book Value per Share
0.38
0.45
0.51
0.59
0.66
0.69
0.69
0.7
0.57
0.59
0.62
0.59
0.55
0.14
0.11
0.06
0.06
Tangible Book Value per Share
748
748
748
748
748
748
748
748
748
748
748
791
892
808
1,102
1,732
1,741
Basic Weighted Avg Shares
244
303
334
369
477
420
339
314
309
339
297
254
235
306
292
362
353
Sales/Revenue/Turnover
18.11
24.5
22.9
23.27
18.19
11.83
10.19
12.44
-19.9
18.8
17.67
1.97
-1.86
13.28
-15.42
8.62
10.31
Operating Margin (%)
24
24
21
18
19
25
29
32
34
35
32
28
32
27
24
25
25
Depreciation Expense
41
76
76
86
88
61
24
21
-88
22
19
-27
-56
-360
-331
-18
-13
Net Income, GAAP
7.33
0.48
- -
- -
0.71
1.26
1.65
17.91
- -
28.35
6.88
- -
- -
- -
- -
- -
39.81
Effective Tax Rate (%)
16.69
25.12
22.91
23.37
18.47
14.57
7.21
6.79
-28.35
6.43
6.5
-10.59
-23.9
-117.89
-113.29
-4.97
-3.69
Profit Margin (%)
155
208
184
197
248
117
-23
-292
-356
-335
-296
-247
-151
-225
-82
-122
-91
Working Capital
- -
1
2
5
8
16
28
22
43
55
123
159
217
211
159
147
157
LT Debt
284
337
384
446
495
514
517
521
428
445
465
465
494
118
121
107
102
Total Equity
14.64
23.63
- -
- -
18.04
8.37
4.62
3.72
- -
5.56
5.59
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
17.94
29.75
- -
- -
21.61
13
5.92
4.49
- -
5.89
7.82
- -
- -
- -
- -
- -
10.65
Return on Capital (%)
18.03
29.92
25.61
24.7
21.85
13.87
5.33
4.58
-20.56
5.54
4.69
-9.34
-20.31
-163.17
-306.09
-10.96
-7.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
200
203
186
LT Borrowings
152
142
153
LT Finance Leases
8
5
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,732
1,732
1,732
Market Capitalization
226
279
244

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
248
241
249
Cash, Cash Equivalents & STI
39
55
68
Accounts Receivable, Net
57
49
33
Inventories
63
64
78
Total Current Liabilities
355
363
340
Payables & Accruals
100
105
106
ST Debt
200
203
186
Deferred Revenue
6
6
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.69%
-15.76%
-11.8%
Free Cash Flow
207.91%
477.63%
-220.04%
Net Income, GAAP
-41.24%
61.56%
-94.58%
Sales/Revenue/Turnover
-0.36%
5.46%
23.7%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
70
70
75
76
292
2025
76
81
117
87
362
2026
68
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.01
-0.05
- -
-0.3
2025
-0.01
-0.01
- -
- -
-0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thai Nondestructive Testing Public Company Limited (TNDT.BK) provides professional nondestructive testing (NDT), inspection, and certification services for engineering safety across industries including oil refineries, power plants, petrochemical plants, shipbuilding, offshore operations, bridges, and heavy construction; its core offerings encompass conventional NDT methods such as eddy current testing, magnetic particle testing, liquid penetrant testing, radiography, ultrasonic testing, visual inspection, leak testing, alternating current field measurement, thermography imaging, and coating holiday detection, alongside advanced techniques including column scanning, neutron backscattering, acoustic emission testing, advanced ultrasonic testing, computerized and pipeline radiography, eddy current array, phased array ultrasonic corrosion mapping, long and short-range pipeline ultrasonic testing, tank floor scanning, tube inspection, and intelligent pigging. The company also delivers pressure vessel inspection services, electron beam irradiation, solar photovoltaic rooftop systems including contracting and sales, coal excavation and transportation, coal-fired thermal power generation and electricity sales, public utility procurement and maintenance, energy-related machinery maintenance, rice and agricultural product sales, and food and beverage operations. Founded on April 21, 1982, and headquartered at 19 Soi Suanson 8, Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, Thailand, TNDT primarily serves domestic markets with international project exposure through subsidiaries and operates via segments in NDT services, pressure vessel inspections, electron beam, solar PV rooftop, and sales. Recent developments include the expansion of clean energy initiatives such as transitioning coal operations in Myanmar to green energy with license renewals and partner searches progressing into 2024, the launch of the Rayong Sterilization and Office Center in late 2022 for herbal products, dried foods, and cosmetics with plans for two additional centers in 2024, a strategic shift from fossil fuel inspections to clean energy and diversified industries, and the dissolution of a subsidiary approved in May 2023 alongside adjustments to Indonesian debtor shares. TNDT listed on the Stock Exchange of Thailand in September 2007 and maintains sites across Thailand including Rayong, Kamphaengphet, Prachinburi, Chonburi, Songkhla, and Chachoengsao to support long-term projects in pipelines, offshore platforms, and module fabrication.