Company Summary
TR THAI RAYON PUBLIC COMPANY LIMITED
Consumer Products/Fashion
SET
CG Report:   -
 
  Data as of 03 Dec 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
28.00 31.50 / 20.00 71.47 0.24 201.60 5,644.80 5,839.69 -299.85 16.96
News
Date/Time Subject
13 Nov 2020 19:12   Financial Performance Quarter 2 (F45) (Reviewed) (Amended)
13 Nov 2020 17:58   Financial Statement Quarter 2/2021 (Reviewed)
13 Nov 2020 17:58   Financial Performance Quarter 2 (F45) (Reviewed)
13 Nov 2020 17:58   Management Discussion and Analysis Quarter 2 Ending 30 Sep 2020
09 Sep 2020 17:38   Notification of the resolutions of the Board Meeting no.2/2020 on appointment of Independent Director and Member of Audit Committee of the Company and the Acquisition and Disposition of Assets
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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 www.thairayon.com
  Annual Report 2020
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 13 Jul 2020 11 Jun 2019
% /Shareholders
43.63% 955 42.39% 1,047
Foreign Shareholders 59.63% (As of 03/12/2020) Foreign Limit 100.00%
NVDR Shareholders  1.50% (As of 03/12/2020)
5 Yr Price Performance (Adjusted Price)
Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
5 Days 0.90 0.85 0.57
20 Days 29.63 24.45 10.07
60 Days 27.27 23.72 16.09
120 Days 3.70 5.43 -0.92
YTD -2.61 11.74 6.97
P/E (X) 71.47 502.87 28.49
P/BV (X) 0.24 0.47 1.62
Turnover Ratio (%) 0.01 0.02 1.24

Top 10 Major Shareholders(@13 Jul 2020) Share %
1. ASSEAU COMPANY LIMITED 33,582,850 16.66
2. WHOLTON COMPANY LIMITED 22,165,700 10.99
3. ONEIDA SERVICES LIMITED 21,600,000 10.71
4. CGS-CIMB Securities (Singapore) Pte., Ltd. 14,502,820 7.19
5. GRASIM INDUSTRIES LIMITED 13,988,570 6.94
6. บริษัท รามา เทรดดิ้ง จำกัด 12,571,280 6.24
7. บริษัท ไทย อินดัสเตรียล แมนเนจเม้นท์ แอนด์ เทรดดิ้งจำกัด 9,738,500 4.83
8. น.ส. ศนิตา คาจิจิ 4,901,385 2.43
9. นาง ศิลิกา มัสกาตี 4,901,385 2.43
10. น.ส. วนิตา ทักราล 4,730,840 2.35

Management Position
1. Mr. KUMAR MANGALAM BIRLA CHAIRMAN
2. Mr. BIR KAPOOR GROUP EXECUTIVE PRESIDENT / DIRECTOR
3. MRS. RAJASHREE BIRLA DIRECTOR
4. Mr. SHYAM SUNDAR MAHANSARIA INDEPENDENT DIRECTOR
5. Mr. DILIP SINGH GAUR DIRECTOR
6. Mr. SHYAM SUNDAR MAHANSARIA CHAIRMAN OF THE AUDIT COMMITTEE
7. Mr. VINAI SACHDEV INDEPENDENT DIRECTOR / AUDIT COMMITTEE
8. Mr. PURSHOTTAM DASS SHARMA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
Accumulated: Turnover Ratio, Value Trade/Day
Statistics YTD
03 Dec 2020
2019
30 Dec 2019
2018
28 Dec 2018
Listed share (M.) 201.60  201.60  201.60 
Market Cap (MB.) 5,644.80  5,796.00  8,568.00 
Price (B./share) 28.00  28.75  42.50 
BVPS (B./Share) 118.08  115.40  118.34 
P/BV (X) 0.24  0.25  0.36 
P/E (X) 71.47  44.53  4.66 
Turnover Ratio (%) 6.21  8.14  3.59 
Value Trade/Day (MB.) 1.31  2.06  1.53 
Beta 0.29  0.43  0.34 
 
Rate of Return YTD  2019  2018 
Price Change (%) -2.61  -32.35  -22.73 
Dividend Yield (%) 0.18  2.43  2.71 
Payout Ratio 0.13  1.08  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 20 Aug 2020 Cash
01 Apr 2018 - 31 Mar 2019 0.70 Baht 19 Aug 2019 Cash
01 Apr 2017 - 31 Mar 2018 1.15 Baht 07 Aug 2018 Cash
 
Auditor
(Effective Until 31/03/2021)
MR. WAIYAWAT KORSAMARNCHAIYAKIJ/KPMG PHOOMCHAI AUDIT LIMITED
MISS VILAIVAN PHOLPRASERT/KPMG PHOOMCHAI AUDIT LIMITED
MR. NATTHAPHONG TANTICHATTANON/KPMG PHOOMCHAI AUDIT LIMITED
MS. SOPHIT PROMPOL/KPMG PHOOMCHAI AUDIT LIMITED
F/S Year ended 31/03
Latest Type of Report Qualified opinion with an emphasis of matters
Financial Data
Statement of Financial Position (MB.) 6M/2021 
(01/04/20 
-30/09/20) 
6M/2020 
(01/04/19 
-30/09/19) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
2018 
(01/04/17 
-31/03/18) 
Cash 1,176.71 671.65 1,403.99 175.36 834.83
A/R Net 1,119.56 1,235.85 1,113.98 1,388.48 1,337.89
Inventories 845.28 1,499.83 1,430.88 1,675.77 1,440.60
Current Assets 3,779.76 6,372.24 6,201.41 6,660.50 6,063.95
PP&E Net 2,801.18 3,025.42 2,938.75 2,984.43 3,112.45
Total Assets 25,177.31 25,171.62 25,398.34 26,118.68 25,093.11
OD 44.64 - 16.96 - -
A/P Net 871.35 1,413.16 1,454.41 1,592.88 1,248.02
Current portion of LT - - - - -
Current Liabilities 939.12 1,466.05 1,535.25 1,619.14 1,378.86
Non-Current Liabilities 432.48 441.01 332.60 427.22 524.58
Total Liabilities 1,371.60 1,907.06 1,867.86 2,046.36 1,903.44
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 - - - - -
Other Surplus (Deficit) - - - - -
Retained Earnings (Deficit) 24,307.65 23,706.11 24,220.47 24,177.67 22,833.99
Treasury Stock - - - - -
Shareholders' Equity 23,805.72 23,264.55 23,530.49 24,072.33 23,189.67
Minority Interest - - - - -
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Statement of Comprehensive Income (MB.) 6M/2021 
(01/04/20 
-30/09/20) 
6M/2020 
(01/04/19 
-30/09/19) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
2018 
(01/04/17 
-31/03/18) 
Sales 2,581.28 4,018.72 7,374.45 9,383.22 10,031.86
Other Income 94.03 87.63 156.40 168.07 239.44
Total Revenues 2,675.31 4,106.34 8,042.44 10,800.83 11,654.18
COGs 2,533.36 3,917.04 7,297.37 8,585.76 8,807.17
SG&A 276.18 289.67 612.22 609.23 626.86
Total Expenses 3,145.30 4,448.27 7,909.59 9,194.99 9,434.03
EBITDA -299.85 -184.96 459.24 1,945.63 2,590.83
Depre. & Amor. 170.13 156.97 326.39 339.79 370.68
EBIT -469.98 -341.92 132.85 1,605.83 2,220.15
Net Profit -439.20 -330.97 187.21 1,576.67 2,127.55
EPS (B.) -2.18 -1.64 0.93 7.82 10.55
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Statement of Cash Flow (MB.) 6M/2021 
(01/04/20 
-30/09/20) 
6M/2020 
(01/04/19 
-30/09/19) 
2020 
(01/04/19 
-31/03/20) 
2019 
(01/04/18 
-31/03/19) 
2018 
(01/04/17 
-31/03/18) 
Operating Cash Flow -20.75 360.39 554.89 737.74 1,561.60
Investing Cash Flow -224.08 277.02 797.84 -1,165.95 -279.20
Financing Cash Flow 17.55 -141.11 -124.08 -231.27 -667.84
Net Cash Flow -227.29 496.29 1,228.64 -659.48 614.56
more
Annualized: ROE, ROA
Ratios 6M/2021  6M/2020  2020  2019 
Current Ratio (X) 4.02 4.35 4.04 4.11
ROE (%) 0.34 0.55 0.79 6.67
ROA (%) 0.02 0.51 0.52 6.27
D/E (X) 0.06 0.08 0.08 0.09
Total Asset Turnover (X) 0.26 0.36 0.31 0.42
Gross Profit Margin (%) 1.86 2.53 1.05 8.50
EBIT Margin (%) -17.57 -8.33 1.65 14.87
Net Profit Margin (%) -16.42 -8.06 2.33 14.60

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 (%) 6M/2021  6M/2020  2020  2019 
Sales Growth -35.77 -16.64 -21.41 -6.47
COGs Growth -35.32 -8.88 -15.01 -2.51
Total Revenue Growth -34.85 -28.28 -25.54 -7.32
Total Expense Growth -29.29 -3.13 -13.98 -2.53
Net Profit Growth N/A N/A -88.13 -25.89

Annualized
Cash Cycle 6M/2021  6M/2020  2020  2019 
A/R Turnover (Times) 5.04 6.58 5.89 6.88
Avg. Collection Period (Days) 72.40 55.44 61.93 53.03
Inventory Turnover (Times) 5.04 5.20 4.70 5.51
Avg. Inventory Period (Days) 72.37 70.25 77.69 66.24
A/P Turnover (Times) 5.18 5.84 4.79 6.04
Avg. Payment Period (Days) 70.50 62.46 76.21 60.39
Cash Cycle (Days) 74.27 63.23 63.41 58.88


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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