M

Major Development PCL
SET:MJD

Watchlist Manager
Major Development PCL
SET:MJD
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Price: 0.34 THB
Market Cap: ฿292.5m

Gross Margin

39.3%
Current
Improving
by 6.2%
vs 3-y average of 33.2%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
39.3%
=
Gross Profit
฿679.4m
/
Revenue
฿1.7B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
39.3%
=
Gross Profit
฿679.4m
/
Revenue
฿1.7B

Peer Comparison

Country Company Market Cap Gross
Margin
TH
Major Development PCL
SET:MJD
292.5m THB
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HK
Sun Hung Kai Properties Ltd
HKEX:16
353.6B HKD
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VN
Vingroup JSC
VN:VIC
971.7T VND
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HK
China Resources Land Ltd
HKEX:1109
217.2B HKD
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HK
China Overseas Land & Investment Ltd
HKEX:688
153.6B HKD
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HK
Henderson Land Development Co Ltd
HKEX:12
153.4B HKD
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IN
DLF Ltd
NSE:DLF
1.6T INR
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VN
Vinhomes JSC
VN:VHM
398.8T VND
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CN
China Merchants Shekou Industrial Zone Holdings Co Ltd
SZSE:001979
90.7B CNY
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CN
Poly Developments and Holdings Group Co Ltd
SSE:600048
80.1B CNY
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HK
Wharf Holdings Ltd
HKEX:4
78.4B HKD
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Market Distribution

Higher than 76% of companies in Thailand
Percentile
76th
Based on 889 companies
76th percentile
39.3%
Low
-1 953.8% — 15.7%
Typical Range
15.7% — 34.4%
High
34.4% — 757.3%
Distribution Statistics
Thailand
Min -1 953.8%
30th Percentile 15.7%
Median 23.9%
70th Percentile 34.4%
Max 757.3%

Major Development PCL
Glance View

Market Cap
292.5m THB
Industry
N/A

Major Development Public Co. Ltd. engages in the real estate business. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2007-11-27. The firm and its subsidiaries develop high rise condominiums, hotels, resorts and spas, as well as serviced apartments. The firm operates three principal business segments that includes the property development business segment, which is engaged in the development of land and houses and residential condominium units for sale; the hotel business segment, which engages in the provision of services relating to rooms, food and beverages and other services related to accommodation and travel, and the rental and service business segment, which engages in the rental of spaces in office building. The firm's subsidiaries include MJP Property Company Limited, MJC Development Company Limited, MJR Development Company Limited, MJP Property Company Limited, Major Development Hotels and Resorts Company Limited and MDPC Company Limited.

MJD Intrinsic Value
Not Available
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
39.3%
=
Gross Profit
฿679.4m
/
Revenue
฿1.7B
What is Major Development PCL's current Gross Margin?

The current Gross Margin for Major Development PCL is 39.3%, which is above its 3-year median of 33.2%.

How has Gross Margin changed over time?

Over the last 3 years, Major Development PCL’s Gross Margin has increased from 28.4% to 39.3%. During this period, it reached a low of 28.4% on Aug 30, 2022 and a high of 39.3% on Oct 30, 2025.

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