Polyplex (Thailand) Public Company Limited (PTL) - Net Assets

Latest as of June 2026: ฿20.23 Billion THB ≈ $630.57 Million USD

Based on the latest financial reports, Polyplex (Thailand) Public Company Limited (PTL) has net assets worth ฿20.23 Billion THB (≈ $630.57 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿26.46 Billion ≈ $824.69 Million USD) and total liabilities (฿6.23 Billion ≈ $194.12 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Polyplex (Thailand) Public Company Limit (PTL) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿20.23 Billion
% of Total Assets	76.46%
Annual Growth Rate	19.44%
5-Year Change	9.47%
10-Year Change	102.97%
Growth Volatility	59.85

Polyplex (Thailand) Public Company Limited - Net Assets Trend (2003–2026)

This chart illustrates how Polyplex (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Polyplex (Thailand) Public Company Limit market capitalisation.

Annual Net Assets for Polyplex (Thailand) Public Company Limited (2003–2026)

The table below shows the annual net assets of Polyplex (Thailand) Public Company Limited from 2003 to 2026. Also explore net asset growth rate of Polyplex (Thailand) Public Company Limit to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	฿19.62 Billion ≈ $611.53 Million	-0.52%
2025-03-31	฿19.72 Billion ≈ $614.73 Million	-3.15%
2024-03-31	฿20.36 Billion ≈ $634.72 Million	+5.69%
2023-03-31	฿19.27 Billion ≈ $600.58 Million	+7.51%
2022-03-31	฿17.92 Billion ≈ $558.61 Million	+16.84%
2021-03-31	฿15.34 Billion ≈ $478.11 Million	+18.71%
2020-03-31	฿12.92 Billion ≈ $402.76 Million	+11.30%
2019-03-31	฿11.61 Billion ≈ $361.88 Million	+10.16%
2018-03-31	฿10.54 Billion ≈ $328.50 Million	+9.03%
2017-03-31	฿9.67 Billion ≈ $301.29 Million	+17.84%
2016-03-31	฿8.20 Billion ≈ $255.68 Million	+7.49%
2015-03-31	฿7.63 Billion ≈ $237.88 Million	-11.65%
2014-03-31	฿8.64 Billion ≈ $269.24 Million	+5.48%
2013-03-31	฿8.19 Billion ≈ $255.25 Million	-2.04%
2012-03-31	฿8.36 Billion ≈ $260.56 Million	-0.04%
2011-03-31	฿8.36 Billion ≈ $260.66 Million	+66.84%
2010-03-31	฿5.01 Billion ≈ $156.23 Million	+9.06%
2009-03-31	฿4.60 Billion ≈ $143.26 Million	+6.18%
2008-03-31	฿4.33 Billion ≈ $134.93 Million	+22.90%
2007-03-31	฿3.52 Billion ≈ $109.79 Million	+1.14%
2006-03-31	฿3.48 Billion ≈ $108.56 Million	+8.16%
2005-03-31	฿3.22 Billion ≈ $100.37 Million	+242.95%
2004-03-31	฿938.92 Million ≈ $29.27 Million	+184.68%
2003-03-31	฿329.81 Million ≈ $10.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Polyplex (Thailand) Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1736259549800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	฿17.36 Billion	90.01%
Common Stock	฿900.00 Million	4.67%
Other Comprehensive Income	฿96.00 Million	0.50%
Other Components	฿931.63 Million	4.83%
Total Equity	฿19.29 Billion	100.00%

Polyplex (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Polyplex (Thailand) Public Company Limited ranked by their market capitalization.

Company	Market Cap
Zhejiang Dibay Electric Co Ltd SHG:603320	$406.81 Million
Guolin Environmental Tech Co Ltd SHE:300786	$406.87 Million
Qingdao Daneng Environmental Protection Equipment Co Ltd SHG:688501	$406.94 Million
Sunfly Intelligent Technology Co Ltd SHE:300423	$406.96 Million
Intermedia Capital Tbk JK:MDIA	$406.72 Million
Grupo Traxión S.A.B. de C.V MX:TRAXIONA	$406.71 Million
Farmers & Merchants Bancorp Inc NASDAQ:FMAO	$406.59 Million
RattanIndia Enterprises Limited NSE:RTNINDIA	$406.50 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Polyplex (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 19,465,111,361 to 19,290,229,574, a change of -174,881,787 (-0.9%).
Net loss of 177,359,313 reduced equity.
Dividend payments of 180,000,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	฿-177.36 Million	-0.92%
Dividends Paid	฿180.00 Million	-0.93%
Other Changes	฿182.48 Million	+0.95%
Total Change	฿-	-0.90%

Book Value vs Market Value Analysis

This analysis compares Polyplex (Thailand) Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.68x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 3.63x to 0.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	฿4.00	฿14.50	x
2006-03-31	฿4.31	฿14.50	x
2007-03-31	฿4.39	฿14.50	x
2008-03-31	฿5.38	฿14.50	x
2009-03-31	฿5.69	฿14.50	x
2010-03-31	฿6.21	฿14.50	x
2011-03-31	฿10.37	฿14.50	x
2012-03-31	฿10.36	฿14.50	x
2013-03-31	฿10.06	฿14.50	x
2014-03-31	฿10.61	฿14.50	x
2015-03-31	฿9.53	฿14.50	x
2016-03-31	฿10.24	฿14.50	x
2017-03-31	฿10.94	฿14.50	x
2018-03-31	฿11.68	฿14.50	x
2019-03-31	฿12.87	฿14.50	x
2020-03-31	฿14.32	฿14.50	x
2021-03-31	฿16.97	฿14.50	x
2022-03-31	฿19.81	฿14.50	x
2023-03-31	฿21.23	฿14.50	x
2024-03-31	฿22.38	฿14.50	x
2025-03-31	฿21.63	฿14.50	x
2026-03-31	฿21.43	฿14.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Polyplex (Thailand) Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -0.92%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.87%
• Asset Turnover: 0.81x
• Equity Multiplier: 1.30x
Recent ROE (-0.92%) is below the historical average (14.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	39.10%	22.31%	0.76x	2.31x	฿273.18 Million
2005	22.39%	21.49%	0.89x	1.17x	฿399.02 Million
2006	16.17%	16.37%	0.61x	1.61x	฿214.03 Million
2007	9.74%	7.11%	0.82x	1.66x	฿-8.99 Million
2008	18.86%	12.50%	0.78x	1.92x	฿382.08 Million
2009	22.87%	14.82%	0.80x	1.94x	฿589.09 Million
2010	20.91%	14.30%	0.82x	1.78x	฿544.56 Million
2011	46.58%	34.30%	0.95x	1.43x	฿3.05 Billion
2012	16.34%	13.42%	0.87x	1.39x	฿528.38 Million
2013	4.62%	4.05%	0.56x	2.03x	฿-434.87 Million
2014	-5.63%	-4.48%	0.55x	2.30x	฿-1.33 Billion
2015	5.09%	3.26%	0.74x	2.12x	฿-374.44 Million
2016	-1.50%	-1.01%	0.78x	1.91x	฿-942.30 Million
2017	14.17%	11.84%	0.80x	1.49x	฿402.15 Million
2018	11.13%	9.23%	0.84x	1.44x	฿118.58 Million
2019	20.07%	15.76%	0.93x	1.37x	฿1.17 Billion
2020	13.99%	12.83%	0.80x	1.36x	฿514.35 Million
2021	19.44%	19.61%	0.76x	1.31x	฿1.44 Billion
2022	19.91%	16.48%	0.84x	1.43x	฿1.77 Billion
2023	10.97%	7.96%	1.02x	1.35x	฿185.48 Million
2024	1.49%	1.44%	0.78x	1.33x	฿-1.71 Billion
2025	5.93%	5.17%	0.86x	1.34x	฿-791.48 Million
2026	-0.92%	-0.87%	0.81x	1.30x	฿-2.11 Billion

Industry Comparison

This section compares Polyplex (Thailand) Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $3,801,704,027
Average return on equity (ROE) among peers: 8.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Polyplex (Thailand) Public Company Limited (PTL)	฿20.23 Billion	39.10%	0.31x	$406.76 Million
Salee Colour Public Company Limited (COLOR)	$295.63 Million	-11.62%	2.78x	$18.17 Million
Dimet (Siam) Public Company Limited (DIMET)	$135.26 Million	1.00%	0.67x	$4.19 Million
Eason & Co Public Company Limited (EASON)	$626.77 Million	17.73%	0.20x	$20.61 Million
Eastern Polymer Group Public Company Limited (EPG)	$9.92 Billion	13.92%	0.29x	$545.46 Million
Global Connections Public Company Limited (GC)	$399.19 Million	17.53%	2.21x	$72.69 Million
Megachem (Thailand) Public Company Limited (MGT)	$347.32 Million	16.03%	0.29x	$28.18 Million
Polyplex (Thailand) Public Company Limited (PTL-R)	$19.27 Billion	10.88%	0.33x	$276.31 Million
Salee Industry Public Company Limited (SALEE)	$1.57 Billion	2.08%	0.15x	$27.49 Million
Selic Corp Public Company Limited (SELIC)	$1.64 Billion	8.95%	0.95x	$63.59 Million

About Polyplex (Thailand) Public Company Limited

BK:PTL Thailand Specialty Chemicals

Market Cap

$406.76 Million

฿13.05 Billion THB

Market Cap Rank

#13504 Global

#150 in Thailand

Share Price

฿14.50

Change (1 day)

+0.00%

52-Week Range

฿7.70 - ฿14.90

All Time High

฿26.46