Company Summary
TR THAI RAYON PUBLIC COMPANY LIMITED
Consumer Products/Fashion
SET
CG Report:   -
 
  Data as of 19 May 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
47.75 62.00 / 30.00 2.65 0.33 201.60 9,626.40 11,667.48 3,218.46 2.80
News
Date/Time Subject
01 Apr 2022 17:02   Notification on the Receipt of Report on the Result of the Tender Offer (Form 256-2)
24 Mar 2022 17:01   Notification on Receipt of Report on the Preliminary Result of the Tender Offer. (Form 247-6 Khor) (Amendment)
23 Mar 2022 12:32   Disclosure of Amendment to the Opinion of the Company on the Tender offer (From 250-2) of Thai Rayon Plc. (2nd Amendment)
23 Mar 2022 12:32   Disclosure of Amendment to the Opinion of the Company on the Tender offer (From 250-2) of Thai Rayon Plc. (2nd Amendment)-Attachment
18 Mar 2022 17:03   Notification on the Receipt of Amendment no 2. of Tender Offer Form (Form 247-4)
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Company Profile
Address MAHATUN PLAZA BLDG, FLOOR 16,888/160-161 PLOENCHIT ROAD, PATHUMWAN, Bangkok 10330
Telephone 0-2253-6745-54
Fax 0-2254-3181, 0-2254-5472
URL http://www.thairayon.com
  Annual Report 2021
Establish Date 13/2/1974 Listed Date 21/09/1984
IPO Price (Baht) N/A
IPO Financial Advisory N/A
Par 1.00 Baht
Last Par Change Old 10.00 : New 1.00 @ 07/02/2006

Business
The Company is the manufacturer of viscose rayon staple fibre for sales to both domestic and export markets.

Free Float 14 Jun 2021 13 Jul 2020
% /Shareholders
36.41% 945 43.63% 955
Foreign Shareholders 84.72% (As of 19/05/2022) Foreign Limit 100.00%
NVDR Shareholders  0.58% (As of 19/05/2022)
5 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days - -1.47 0.46
20 Days -1.04 -2.24 3.26
60 Days -2.05 0.69 4.49
120 Days -4.50 -2.53 -2.18
YTD -10.75 -7.98 -7.88
P/E (X) 2.65 10.59 18.32
P/BV (X) 0.33 0.50 1.69
Turnover Ratio (%) N/A 0.21 0.98

Top 10 Major Shareholders(@14 Jun 2021) Share %
1. ASSEAU COMPANY LIMITED 33,582,850 16.66
2. SURYA KIRAN INVESTMENTS PTE LIMITED 23,002,820 11.41
3. WHOLTON COMPANY LIMITED 22,165,700 10.99
4. ONEIDA SERVICES LIMITED 21,600,000 10.71
5. GRASIM INDUSTRIES LIMITED 13,988,570 6.94
6. บริษัท ไทย อินดัสเตรียล แมนเนจเม้นท์ แอนด์ เทรดดิ้งจำกัด 9,738,500 4.83
7. นาง ศิลิกา มัสกาตี 4,901,385 2.43
8. น.ส. ศนิตา คาจิจิ 4,901,385 2.43
9. น.ส. วนิตา ทักราล 4,730,840 2.35
10. บริษัท รามา เทรดดิ้ง จำกัด 4,071,280 2.02

Management Position
1. Mr. KUMAR MANGALAM BIRLA CHAIRMAN
2. MRS. RAJASHREE BIRLA DIRECTOR
3. Mr. PRASAN KUMAR SIPANI DIRECTOR
4. Mr. HARI KRISHNA AGARWAL DIRECTOR
5. Mr. SHYAM SUNDAR MAHANSARIA INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
6. Mr. VINAI SACHDEV INDEPENDENT DIRECTOR / AUDIT COMMITTEE
7. Mr. PURSHOTTAM DASS SHARMA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
19 May 2022
2021
30 Dec 2021
2020
30 Dec 2020
Listed share (M.) 201.60  201.60  201.60 
Market Cap (MB.) 9,626.40  10,785.60  5,644.80 
Price (B./share) 47.75  53.50  28.00 
BVPS (B./Share) 145.49  144.96  118.08 
P/BV (X) 0.33  0.37  0.24 
P/E (X) 2.65  3.59  71.47 
Turnover Ratio (%) 8.98  23.02  6.76 
Value Trade/Day (MB.) 10.21  9.06  1.32 
Beta 0.25  0.68  0.35 
 
Rate of Return YTD  2021  2020 
Price Change (%) -10.75  91.07  -2.61 
Dividend Yield (%) 0.10  0.09  0.18 
Payout Ratio N/A  N/A  0.13 
Dividend Policy 20-35% of the net income based on separate financial statements, after making necessary provisions for reserves (with additional conditions)

Dividend
Operation Period Dividend/Share Unit Payment Date Type
- 0.05 Baht 18 Aug 2021 Cash
- 0.05 Baht 20 Aug 2020 Cash
01 Apr 2018 - 31 Mar 2019 0.70 Baht 19 Aug 2019 Cash
 
Auditor
(Effective Until 31/03/2022)
MR. WAIYAWAT KORSAMARNCHAIYAKIJ/KPMG PHOOMCHAI AUDIT LIMITED
MISS VILAIVAN PHOLPRASERT/KPMG PHOOMCHAI AUDIT LIMITED
Miss CHANARAT CHANWA/KPMG PHOOMCHAI AUDIT LIMITED
F/S Year ended 31/03
Latest Type of Report Unqualified opinion
Financial Data
Statement of Financial Position (MB.) 9M/2022 
(01/04/21 
-31/12/21) 
9M/2021 
(01/04/20 
-31/12/20) 
2021 
(01/04/20 
-31/03/21) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
Accounting Type Equity Method Company Equity Method Company Company
Cash And Cash Equivalents 333.11 668.32 220.07 1,403.99 175.36
A/R Net 1,920.29 959.00 1,519.19 1,113.98 1,388.48
Inventories 1,333.04 938.28 1,097.03 1,430.88 1,675.77
Current Assets 4,191.18 2,885.06 3,135.93 6,201.41 6,660.50
PP&E Net 2,637.08 2,742.24 2,694.28 2,938.75 2,984.43
Non-Current Assets 27,514.66 22,521.47 24,774.80 19,196.93 19,458.18
Total Assets 31,705.84 25,406.53 27,910.73 25,398.34 26,118.68
OD - 40.00 115.00 16.96 -
A/P Net 1,526.85 1,099.99 1,088.79 1,454.41 1,592.88
Current portion of LT - - - - -
Current Liabilities 1,606.50 1,161.37 1,259.74 1,535.25 1,619.14
Non-Current Liabilities 767.68 459.86 610.34 332.60 427.22
Total Liabilities 2,374.18 1,621.23 1,870.07 1,867.86 2,046.36
Authorized Capital 201.60 201.60 201.60 201.60 201.60
Paid-Up Capital 201.60 201.60 201.60 201.60 201.60
Premium (Discount) on Share Capital - - - - -
Retained Earnings (Deficit) 27,845.25 24,070.47 25,043.78 24,220.47 24,177.67
Treasury Stock - - - - -
Shares Of The Company Held By Subsidiaries - - - - -
Other Components Of Equity 1,284.80 -486.77 795.28 -891.58 -306.95
 - Surplus (Deficits) - - - - -
Shareholders' Equity 29,331.65 23,785.30 26,040.66 23,530.49 24,072.33
Minority Interest - - - - -
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Statement of Comprehensive Income (MB.) 9M/2022 
(01/04/21 
-31/12/21) 
9M/2021 
(01/04/20 
-31/12/20) 
2021 
(01/04/20 
-31/03/21) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
Accounting Type Equity Method Company Equity Method Company Company
Revenue From Operations 7,587.21 3,984.65 6,003.50 7,374.45 9,383.22
Other Income 4.11 49.02 52.93 69.42 65.83
Total Revenues 7,614.06 4,055.92 6,080.07 7,451.55 9,456.40
Costs 5,805.06 3,890.30 5,516.59 7,297.37 8,585.76
Selling And Administrative Expenses 1,215.30 458.30 757.83 612.22 609.23
Total Cost And Expenses 7,020.36 4,348.60 6,274.42 7,909.59 9,194.99
EBITDA 3,218.46 -510.45 435.80 459.24 1,945.63
Depre. & Amor. 269.60 262.05 354.86 326.39 339.79
EBIT 2,948.86 -772.50 80.94 132.85 1,605.83
Net Profit : Owners Of The Parent 2,811.55 -726.69 89.48 187.21 1,576.67
EPS (B.) 13.95 -3.60 0.44 0.93 7.82
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Statement of Cash Flow (MB.) 9M/2022 
(01/04/21 
-31/12/21) 
9M/2021 
(01/04/20 
-31/12/20) 
2021 
(01/04/20 
-31/03/21) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
Accounting Type Equity Method Company Equity Method Company Company
Operating Cash Flow 593.54 195.36 -325.13 554.89 737.74
Investing Cash Flow -354.38 -943.93 -946.43 797.84 -1,165.95
Financing Cash Flow -126.13 12.89 87.64 -124.08 -231.27
Net Cash Flow 113.04 -735.68 -1,183.92 1,228.64 -659.48
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Annualized: ROE, ROA
Ratios 9M/2022  9M/2021  2021  2020 
Current Ratio (X) 2.61 2.48 2.49 4.04
ROE (%) 13.66 0.03 0.36 0.79
ROA (%) 13.32 -0.19 0.30 0.52
D/E (X) 0.08 0.07 0.07 0.08
Total Asset Turnover (X) 0.34 0.23 0.23 0.29
Gross Profit Margin (%) 23.49 2.37 8.11 1.05
EBIT Margin (%) 38.73 -19.05 1.33 1.78
Net Profit Margin (%) 36.93 -17.92 1.47 2.51

Information only PP, PO, XR and XD
Capital Movement (Last 3 Year)
Date CA Type Changed paid up share Paid up share Par
No Information Found

Growth Rate (%) 9M/2022  9M/2021  2021  2020 
Sales Growth 90.41 -29.65 -18.59 -21.41
COGs Growth 49.22 -31.25 -24.40 -15.01
Total Revenue Growth 87.73 -29.17 -18.41 -21.20
Total Expense Growth 61.44 -28.76 -20.67 -13.98
Net Profit Growth N/A N/A -52.20 -88.13

Annualized
Cash Cycle 9M/2022  9M/2021  2021  2020 
A/R Turnover (Times) 6.67 6.06 4.56 5.89
Avg. Collection Period (Days) 54.70 60.24 80.05 61.93
Inventory Turnover (Times) 6.54 5.23 4.36 4.70
Avg. Inventory Period (Days) 55.78 69.72 83.63 77.69
A/P Turnover (Times) 5.66 5.62 4.34 4.79
Avg. Payment Period (Days) 64.51 64.95 84.13 76.21
Cash Cycle (Days) 45.97 65.01 79.54 63.41


Trading Sign (Latest)
Trading Alert Posted Date Lifted Date
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Market Alert (Latest)
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Only Preferred Share and Warrants
Other Securities
Securities Name -

Remark - Calculated from adjusted price
  - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
  - The information is quarterly updated within 7 business days after the new financial statement is submitted.
  -
 
Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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