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Kumwell Corporation Public Company Limited

Kumwell Corporation Public Company Limited

KUMWEL.BK
Kumwell Corporation Public Company LimitedTH flagStock Exchange of Thailand
2.50
THB
+0.30
- -
1.08BMarket Cap
Kumwell Corporation Public Company Limited
KUMWEL.BK
(Stock Exchange of Thailand)

Recent

price

2.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
1.92
2.07
1.15
1.02
1.08
1.3
1.22
1.36
1.5
1.7
Revenue per Share
- -
0.3
0.15
0.06
0.11
0.13
0.14
0.08
0.12
0.13
0.19
Basic EPS, GAAP
- -
0.03
-0.07
0.01
0.1
-0.21
-0.29
0.03
0.22
0.19
0.2
Free Cash Flow per Basic Share
- -
0.01
0.01
0.32
0.07
0.09
0.06
0.07
0.05
0.06
- -
Dividend per Share
- -
1.28
1.53
1.03
0.94
0.97
1.06
1.07
1.14
1.21
1.29
Book Value per Share
- -
1.36
1.57
1.28
1.16
1.2
1.28
1.29
1.37
1.43
1.51
Tangible Book Value per Share
- -
223
223
378
430
430
430
430
430
430
433
Basic Weighted Avg Shares
- -
426
461
434
438
466
559
527
583
643
737
Sales/Revenue/Turnover
- -
18.45
9.29
6.92
13.5
14.35
13.92
10.53
13.2
12.88
15.15
Operating Margin (%)
- -
16
14
15
19
20
22
31
30
30
30
Depreciation Expense
- -
66
34
23
47
58
62
35
53
58
83
Net Income, GAAP
- -
21.25
34.09
23.73
21.08
16.45
18.41
21.74
19.94
20.16
20.02
Effective Tax Rate (%)
- -
15.53
7.33
5.39
10.67
12.39
11.05
6.56
9.14
8.96
11.33
Profit Margin (%)
157
197
238
260
269
288
257
276
287
268
298
Working Capital
- -
2
24
48
52
88
186
192
153
111
101
LT Debt
241
304
351
485
499
517
554
558
590
618
657
Total Equity
- -
19.76
7.65
4.88
8.39
9.36
8.92
5.33
7.55
8.26
10.96
Return on Invested Capital (%)
- -
22.29
10.55
6.22
10.88
12.15
10.61
6.16
8.88
9.13
12.62
Return on Capital (%)
- -
26.13
10.81
6.4
11.76
14.04
14.13
7.53
11.19
11.39
15.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
75
74
79
LT Borrowings
116
106
97
LT Finance Leases
4
4
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
430
430
430
Market Capitalization
503
438
459

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
396
435
523
Cash, Cash Equivalents & STI
58
54
79
Accounts Receivable, Net
137
169
193
Inventories
187
173
190
Total Current Liabilities
140
167
225
Payables & Accruals
57
63
120
ST Debt
75
74
79
Deferred Revenue
2
23
17

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.39%
4.7%
Free Cash Flow
- -
76.58%
-12.64%
Net Income, GAAP
- -
9.79%
8.07%
Sales/Revenue/Turnover
- -
8.34%
10.3%
Total Cash Common Dividend
- -
0.67%
20%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
128
141
157
157
583
2025
142
140
161
199
643
2026
236
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
0.02
- -
0.12
2025
0.03
0.02
0.03
- -
0.13
2026
0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.05
2025
- -
- -
- -
- -
0.06
2026
- -
- -
- -
- -
- -
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Business
Kumwell Corporation Public Company Limited Kumwell Corporation Public Company Limited engages in the production and distribution of electrical equipment, including grounding systems, lightning protection systems, surge protection devices, lightning warning systems, and smart lightning management systems under the Kumwell brand; it manufactures products such as ground rods and accessories, exothermic welding materials, ground enhancement materials, grounding conductors, air terminals, lightning conductors, cables, lightning poles, low-voltage surge protective devices for power supplies and IT equipment, photovoltaic systems, LED lighting systems, isolating spark gaps, smart IoT surge devices, surge counters, lightning counters, fiber optic detection systems, and antenna renting for lightning information. The company, founded in 1999 and headquartered in Nonthaburi, Thailand, operates primarily in Thailand with exports to approximately 40 countries worldwide through distributors, serving sectors including electricity and energy, transportation, telecommunications, industrial plants, buildings, military, and homes. Kumwell maintains subsidiaries such as K.M.L. Technology Company Limited and provides services like periodic inspections via Kumwell Academy, a certified learning center for engineering professionals. Recent developments include receiving an A rating in the Industrials sector under SET ESG Ratings 2024 for the second consecutive year, achieving Excellent (5-Star) status in the Corporate Governance Report 2024, and earning the Innovative Company Award at SET Awards 2024 for its Smart Lightning Warning System, which gained official certification in Thailand's Innovation Catalogue in December 2024; the company also opened a new headquarters in Bang Kraso, Nonthaburi, adopted the Thailand Quality Award framework for its 25th anniversary, secured multiple Thai Industrial Standards Institute certifications for products like ground inspection pits and blunt end air terminals, and formed memoranda of understanding with entities including the Provincial Electricity Authority, Electricity Generating Authority of Thailand, and King Mongkut's Institute of Technology Ladkrabang.