Tata Steel (Thailand) Public Company Limited (TSTH) - Net Assets

Latest as of March 2026: ฿15.00 Billion THB ≈ $467.65 Million USD

Based on the latest financial reports, Tata Steel (Thailand) Public Company Limited (TSTH) has net assets worth ฿15.00 Billion THB (≈ $467.65 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿17.96 Billion ≈ $559.84 Million USD) and total liabilities (฿2.96 Billion ≈ $92.19 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 TSTH goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿15.00 Billion
% of Total Assets	83.53%
Annual Growth Rate	2.9%
5-Year Change	19.27%
10-Year Change	71.18%
Growth Volatility	20.73

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

This chart illustrates how Tata Steel (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Tata Steel (Thailand) Public Company Lim to measure how many days the company can operate on defensive assets alone.

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

The table below shows the annual net assets of Tata Steel (Thailand) Public Company Limited from 2003 to 2026. For live valuation and market cap data, see Tata Steel (Thailand) Public Company Lim market capitalisation.

Year	Net Assets	Change
2026-03-31	฿15.00 Billion ≈ $467.65 Million	+15.40%
2025-03-31	฿13.00 Billion ≈ $405.25 Million	+3.01%
2024-03-31	฿12.62 Billion ≈ $393.39 Million	-1.12%
2023-03-31	฿12.76 Billion ≈ $397.86 Million	+1.47%
2022-03-31	฿12.58 Billion ≈ $392.10 Million	+27.32%
2021-03-31	฿9.88 Billion ≈ $307.97 Million	+9.07%
2020-03-31	฿9.06 Billion ≈ $282.36 Million	+0.26%
2019-03-31	฿9.04 Billion ≈ $281.63 Million	-2.07%
2018-03-31	฿9.23 Billion ≈ $287.60 Million	+5.27%
2017-03-31	฿8.76 Billion ≈ $273.19 Million	+2.46%
2016-03-31	฿8.55 Billion ≈ $266.63 Million	+1.85%
2015-03-31	฿8.40 Billion ≈ $261.78 Million	-6.85%
2014-03-31	฿9.02 Billion ≈ $281.04 Million	+0.50%
2013-03-31	฿8.97 Billion ≈ $279.64 Million	-33.68%
2012-03-31	฿13.53 Billion ≈ $421.64 Million	-10.50%
2011-03-31	฿15.11 Billion ≈ $471.09 Million	-6.09%
2010-03-31	฿16.09 Billion ≈ $501.62 Million	-0.34%
2009-03-31	฿16.15 Billion ≈ $503.35 Million	-33.20%
2008-03-31	฿24.18 Billion ≈ $753.56 Million	+74.32%
2007-03-31	฿13.87 Billion ≈ $432.28 Million	+28.50%
2006-03-31	฿10.79 Billion ≈ $336.41 Million	+3.08%
2005-03-31	฿10.47 Billion ≈ $326.35 Million	+18.01%
2004-03-31	฿8.87 Billion ≈ $276.55 Million	+14.15%
2003-03-31	฿7.77 Billion ≈ $242.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tata Steel (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 246837416900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	฿2.47 Billion	16.44%
Other Components	฿12.54 Billion	83.56%
Total Equity	฿15.01 Billion	100.00%

Tata Steel (Thailand) Public Company Limited Competitors by Market Cap

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

Company	Market Cap
Senao International Co Ltd TW:2450	$236.36 Million
Texas Ventures Acquisition III Corp NASDAQ:TVA	$236.47 Million
Resimac Group Ltd AU:RMC	$236.48 Million
Apogee Optocom Co Ltd TW:6426	$236.58 Million
Activate Energy Acquisition Corp. Class A Ordinary Share NASDAQ:AEAQ	$236.21 Million
Tatry Mountain Resorts a.s. PR:TMR	$236.11 Million
Eurobio Scientific SA PA:ALERS	$236.10 Million
Pruksa Holding Public Company Limited BK:PSH	$236.07 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 13,010,691,613 to 15,011,001,695, a change of 2,000,310,082 (15.4%).
Net income of 1,897,914,183 contributed positively to equity growth.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	฿1.90 Billion	+12.64%
Other Changes	฿102.40 Million	+0.68%
Total Change	฿-	15.37%

Book Value vs Market Value Analysis

This analysis compares Tata Steel (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: 0.50x
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 1.53x to 0.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-03-31	฿0.59	฿0.90	x
2009-03-31	฿1.99	฿0.90	x
2010-03-31	฿1.97	฿0.90	x
2011-03-31	฿1.85	฿0.90	x
2012-03-31	฿1.61	฿0.90	x
2013-03-31	฿1.07	฿0.90	x
2014-03-31	฿1.07	฿0.90	x
2015-03-31	฿1.00	฿0.90	x
2016-03-31	฿1.02	฿0.90	x
2017-03-31	฿1.04	฿0.90	x
2018-03-31	฿1.10	฿0.90	x
2019-03-31	฿1.07	฿0.90	x
2020-03-31	฿1.08	฿0.90	x
2021-03-31	฿1.17	฿0.90	x
2022-03-31	฿1.49	฿0.90	x
2023-03-31	฿1.52	฿0.90	x
2024-03-31	฿1.50	฿0.90	x
2025-03-31	฿1.54	฿0.90	x
2026-03-31	฿1.78	฿0.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tata Steel (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): 12.64%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.19%
• Asset Turnover: 1.47x
• Equity Multiplier: 1.20x
Recent ROE (12.64%) is above the historical average (0.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	8.30%	5.22%	0.76x	2.10x	฿-178.18 Million
2006	2.43%	1.45%	0.82x	2.05x	฿-816.08 Million
2007	4.72%	3.47%	0.91x	1.49x	฿-731.60 Million
2008	16.17%	8.67%	1.33x	1.40x	฿1.03 Billion
2009	0.50%	0.28%	1.17x	1.55x	฿-1.53 Billion
2010	-0.34%	-0.24%	0.85x	1.65x	฿-1.66 Billion
2011	-6.46%	-3.65%	1.07x	1.65x	฿-2.49 Billion
2012	-11.68%	-6.03%	1.14x	1.70x	฿-2.93 Billion
2013	-50.60%	-18.17%	1.38x	2.02x	฿-5.44 Billion
2014	0.34%	0.12%	1.57x	1.79x	฿-871.99 Million
2015	-7.25%	-2.86%	1.57x	1.62x	฿-1.45 Billion
2016	1.80%	0.92%	1.30x	1.51x	฿-702.46 Million
2017	2.44%	1.09%	1.52x	1.47x	฿-663.33 Million
2018	4.92%	2.04%	1.76x	1.37x	฿-469.49 Million
2019	-2.08%	-0.85%	1.83x	1.34x	฿-1.09 Billion
2020	0.53%	0.24%	1.85x	1.20x	฿-859.52 Million
2021	6.37%	2.86%	1.69x	1.31x	฿-358.90 Million
2022	20.67%	7.98%	2.10x	1.23x	฿1.34 Billion
2023	5.37%	2.23%	1.98x	1.21x	฿-591.55 Million
2024	0.76%	0.39%	1.61x	1.21x	฿-1.17 Billion
2025	2.56%	1.33%	1.59x	1.21x	฿-968.27 Million
2026	12.64%	7.19%	1.47x	1.20x	฿396.81 Million

Industry Comparison

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

Industry Context

Industry: Steel
Average net assets among peers: $3,271,712,081
Average return on equity (ROE) among peers: 3.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tata Steel (Thailand) Public Company Limited (TSTH)	฿15.00 Billion	8.30%	0.20x	$236.24 Million
2S Metal Public Company Limited (2S)	$761.09 Million	4.43%	0.59x	$52.11 Million
Asia Metal Public Company Limited (AMC)	$3.27 Billion	0.41%	0.58x	$32.02 Million
Bangsaphan Barmill Public Company Limited (BSBM)	$1.90 Billion	5.31%	0.07x	$20.97 Million
Capital Engineering Network Public Company Limited (CEN)	$1.53 Billion	11.42%	0.23x	$13.70 Million
Chow Steel Industries Public Company Limited (CHOW)	$1.35 Billion	2.41%	8.79x	$33.91 Million
CSP Steel Center Public Company Limited (CSP)	$604.82 Million	-1.82%	2.56x	$6.96 Million
G J Steel Public Company Limited (GJS)	$10.20 Billion	-19.97%	1.03x	$103.27 Million
POSCO-Thainox Public Company Limited (INOX)	$9.10 Billion	3.47%	0.43x	$1.02 Billion
Lohakit Metal Public Company Limited (LHK)	$1.45 Billion	10.24%	0.58x	$41.07 Million
M.C.S. Steel Public Company Limited (MCS)	$2.55 Billion	19.56%	0.47x	$112.25 Million

About Tata Steel (Thailand) Public Company Limited

BK:TSTH Thailand Steel

Market Cap

$236.24 Million

฿7.58 Billion THB

Market Cap Rank

#15979 Global

#188 in Thailand

Share Price

฿0.90

Change (1 day)

+2.27%

52-Week Range

฿0.61 - ฿0.98

All Time High

฿2.15