Business description: Ratch Group

RATCH Group Public Company Limited is an energy and infrastructure company. The principal businesses of the Company are the investing in companies, whose objectives are to generate and sell electricity, develop power energy and infrastructure projects. The Company has four segments: Domestic Electricity Generating, Renewable Energy, International Power Projects, and Related business and Infrastructure. It focuses on companies engaged in the business of power generation and basic utilities. Its investment focuses on infrastructure businesses, including transportation and telecommunication network business. The Company has a total proportional capacity of 10,848 megawatts (MW), of which 8,296.52 MW are commercial operation and 2,551.48 MW are under construction and development. Its Berkprai Cogeneration Power Plant is a small power plant (SPP) with a capacity of 99.46 MW. Its subsidiaries include EGAT International Co., Ltd. and RH International (Mauritius) Corporation Limited.

Number of employees: 459

Sales by Activity: Ratch Group

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

Domestic Electricity Generating

31.45B 66.69B 31.78B 23.86B 18.77B

International Power Projects

3.78B 5.2B 9.46B 7.1B 5.76B

Geographical breakdown of sales: Ratch Group

Fiscal Period: December 2021 (THB) 2022 (THB) 2023 (THB) 2024 (THB) 2025 (THB)

Thailand

31.45B 66.69B 31.78B 23.86B 18.77B

Australia

3.71B 5.09B 9.32B 7B 5.27B

Other Countries

69.26M 104M 137M 97.92M 488M

Executive Committee: Ratch Group

Manager TitleAgeSince
Chief Executive Officer - 01/05/2024
Chief Operating Officer 50 01/10/2022
Investor Relations Contact - 01/09/2009
Corporate Secretary - 01/04/2026
Comptroller/Controller/Auditor 40 16/08/2023

Composition of the Board of Directors: Ratch Group

Director TitleAgeSince
Director/Board Member 72 24/04/2023
Director/Board Member - 22/02/2024
Director/Board Member 49 26/08/2022
Chairman - 20/05/2025
Director/Board Member - 27/02/2024
Director/Board Member - -
Director/Board Member 55 24/04/2025
Director/Board Member 66 24/04/2025
Director/Board Member 52 01/10/2025
Director/Board Member 58 23/04/2024

Shareholders: Ratch Group

NameStocks%Valuation
Government of Thailand
45 %
978,750,000 45 % 925 M ฿
Electricity Gen Authority of Thailand Saving & Credit Ltd.
6.188 %
134,598,536 6.188 % 127 M ฿
Social Security Office of Thailand
4.684 %
101,870,550 4.684 % 96 M ฿
1.257 %
27,335,450 1.257 % 26 M ฿
MFC Asset Management Public Co., Ltd. (Investment Management)
1.234 %
26,842,923 1.234 % 25 M ฿
NameStocks%Valuation
State Street Global Advisors Ltd. (Canada)
0.000598 %
13,000 0.000598 % 12 283 ฿
State Street Global Advisors Ltd.
0.000001 %
24 0.000001 % 23 ฿
Edouard 7 Gestion Privée SAS
0.000001 %
15 0.000001 % 14 ฿
NameStocks%Valuation
WBS Hünicke Vermögensverwaltung GmbH
0.003554 %
77,300 0.003554 % 72 127 ฿
Daiwa Asset Management (Singapore) Ltd.
0.002423 %
52,700 0.002423 % 49 173 ฿
State Street Global Advisors Ltd.
0.001094 %
23,799 0.001094 % 22 206 ฿

Holdings: Ratch Group

NameStocks%Valuation
601,280,88351.67% 42 M $
98,983,12515.53% 27 M $
380,857,05110% 20 M $

Company details: Ratch Group

Ratch Group Public Co. Ltd.

72 Ngam Wong Wan Road

11000, Nonthaburi

+66 2 794 9999

http://www.ratch.co.th
address Ratch Group(RATCH)

Other Independent Power Producers

Change 5-day change 1-year change 3-year change Capi.($)
+0.81%+5.93%+26.01%-17.22% 2.07B
+4.61%+4.53%+106.53%+333.24% 45.04B
+1.80%+2.93%+7.98%+92.32% 36.53B
-4.21%-5.21%+25.23%+85.71% 18.97B
+6.46%+29.62%+52.61%+838.26% 18.6B
-1.88%-4.11%-12.58%+8.74% 15.78B
-2.03%-6.66%-7.18%+7.87% 12.38B
-3.83%-5.92%-20.10%-22.82% 8.21B
+0.12%+6.59%+29.69%+63.68% 8.11B
-6.07%-2.73%+0.43%+6.42% 5.17B
Average -0.42%+0.71%+20.86%+139.62% 17.09B
Weighted average by Cap. +1.16%+1.32%+37.40%+211.64%
Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
31.25THB
Average target price
33.48THB
Spread / Average Target
+7.12%

Annual profits - Rate of surprise

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