Ratch Group (RATCH) Stock Price, Fundamentals & Analysis

What RATCH does

Ratch Group (RATCH) is a Thai energy and infrastructure company that generates and sells electricity and steam in Thailand, Australia, Singapore, Indonesia, and other international markets. It operates through four segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business and Infrastructure. The company produces power from natural gas, coal, and fuel oil, while also investing in renewable sources such as solar, wind, biomass, and hydro. In addition, Ratch Group provides power plant operation and maintenance services. It is listed on the Stock Exchange of Thailand and is part of the SET50 index.

Key numbers explained

• 38.25 THB is the current share price, meaning one share of Ratch Group costs this amount at the time of writing.
• The trailing P/E ratio of 14.9 compares the price to the last 12 months of earnings; a lower number can suggest the stock is cheaper relative to earnings, but it is best read alongside peers like Electricity Generating (EGCO).
• The forward P/E ratio of 11.8 uses expected future earnings, which can make the stock look more attractive if growth is anticipated.
• 2.56 THB is the earnings per share over the trailing 12 months, showing how much profit the company assigns to each share.
• The dividend yield of 3.66% indicates the annual dividend payment as a percentage of the share price, a measure of income return.
• The ex-dividend date of Sep 8, 2026 is the cutoff: buyers on or after this date do not receive the next dividend.
• 63% of earnings are paid out as dividends, a sign of a relatively generous payout policy.
• Beta of 0.14 suggests the stock is much less volatile than the overall market.
• The 52-week range of 25.5 – 39.75 THB shows the lowest and highest prices traded over the past year.
• 47.1% is the price change over the last 52 weeks, reflecting a strong one-year return.
• Revenue of 34.06 mld. THB and revenue growth of 85.2% year over year highlight a significant increase in sales.
• Profit margin of 16.4% means the company keeps about 16 cents of profit for every baht of revenue.
• The operating margin of -1.2% shows that operating costs slightly exceed operating income.
• Return on equity of 6.1% measures how effectively the company uses shareholders' equity to generate profit.
• A debt-to-equity ratio of 100.3% indicates that debt and equity are roughly balanced, which is common in capital-intensive utilities.
• Price-to-book of 0.83 means the stock trades below its book value, which can be interpreted in different ways depending on the industry.

What to watch

Ratch Group operates in the regulated electric utilities sector, where outcomes are sensitive to government energy policies, regulatory tariff decisions, and fuel price movements. Its mix of domestic and international operations means it is exposed to currency fluctuations and geopolitical conditions in Southeast Asia and Australia. The company's growing revenue and renewable energy investments are worth monitoring, as is its upcoming earnings report on Nov 12, 2026. For context on the sector, investors often compare it with peers such as Gulf Development (GULF), Global Power Synergy (GPSC), and Banpu (BANPU), or look at international utilities like NTPC (NTPC) and Mercury NZ (MCY).