1. Thailand Stocks

  2. •

    Industrials

  3. •

    Agricultural - Machinery
K.W. Metal Work Public Company Limited

K.W. Metal Work Public Company Limited

KWM.BK
K.W. Metal Work Public Company LimitedTH flagStock Exchange of Thailand
0.80
THB
- -
- -
390.84MMarket Cap
K.W. Metal Work Public Company Limited
KWM.BK
(Stock Exchange of Thailand)

Recent

price

0.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.62
0.65
171.08
1
0.8
0.84
1.35
1
0.95
1.05
0.79
0.71
Revenue per Share
0.07
0.09
13.89
0.09
0.06
0.1
0.2
0.06
0.05
0.11
0.08
0.05
Basic EPS, GAAP
- -
0.13
2.85
0.03
0.07
0.12
-0.28
-0.02
0.27
0.07
0.26
0.34
Free Cash Flow per Basic Share
- -
0.12
36.5
0.14
0.06
0.06
0.07
0.1
0.06
0.06
0.07
0.07
Dividend per Share
0.38
0.45
133.36
0.72
0.57
0.61
0.73
0.67
0.66
0.7
0.71
0.72
Book Value per Share
0.38
0.46
140.54
1.03
0.82
0.86
1.19
1.06
1.07
1.1
1.09
1.1
Tangible Book Value per Share
420
420
2
332
420
420
420
472
482
489
489
489
Basic Weighted Avg Shares
261
274
257
333
337
353
567
473
459
515
385
345
Sales/Revenue/Turnover
13.3
14.95
9.38
10.98
9.32
14.18
16.54
7.92
6.58
12.06
10.63
7.56
Operating Margin (%)
16
21
24
25
27
25
20
23
27
28
27
27
Depreciation Expense
28
36
21
31
27
43
83
31
23
51
38
25
Net Income, GAAP
- -
- -
- -
3.62
5.54
9.35
8.64
5.05
15.65
19.29
7.81
6.49
Effective Tax Rate (%)
10.65
13.04
8.12
9.22
8.03
12.29
14.66
6.46
5.06
9.98
10
7.25
Profit Margin (%)
24
52
54
171
176
203
330
291
300
315
320
333
Working Capital
30
34
23
12
8
2
40
41
31
24
18
22
LT Debt
162
195
211
344
345
364
502
499
516
537
535
540
Total Equity
- -
- -
- -
9.39
7.05
10.55
15.05
5.43
4.18
7.97
5.94
3.79
Return on Invested Capital (%)
- -
- -
- -
11.4
9.5
14.19
20.82
7.84
6.59
13.44
10.17
6.74
Return on Capital (%)
- -
20.48
10.71
13.98
11.29
17.47
29.63
9.84
7.32
15.59
11.23
7.08
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
48
56
56
LT Borrowings
6
5
5
LT Finance Leases
8
12
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
489
489
489
Market Capitalization
498
440
420

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
389
399
412
Cash, Cash Equivalents & STI
96
106
121
Accounts Receivable, Net
51
60
68
Inventories
231
223
212
Total Current Liabilities
72
78
78
Payables & Accruals
24
22
22
ST Debt
48
56
56
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.21%
8.9%
-0.3%
Free Cash Flow
1,469.54%
-384.13%
253.13%
Net Income, GAAP
18.36%
20.2%
-25.05%
Sales/Revenue/Turnover
6.25%
5.65%
-25.23%
Total Cash Common Dividend
- -
10.83%
20.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
153
142
103
116
515
2025
129
118
57
81
385
2026
90
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.03
0.03
- -
0.11
2025
0.04
0.03
0.01
- -
0.08
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.06
- -
- -
0.06
2025
- -
0.07
- -
- -
0.07
2026
- -
- -
- -
- -
- -
Similar Companies
BEML Land Assets Limited (BLAL.NS)
MAN SE (MAN3.DE)
BEML Land Assets Limited (BLAL.BO)
T.C.J. Asia Public Company Limited (TCJ.BK)
R M Drip & Sprinklers Systems Ltd. (RMDRIP.NS)
Yutong Bus Co.,Ltd. (600066.SS)
Business
K.W. Metal Work Public Company Limited manufactures and sells parts and accessories for farm machineries primarily in Thailand. The company's core products include disc ploughs, plough implements and frames, screw flights, dozer blades, harrow discs, furrow discs, rotary blades, and other agricultural machinery components. Additionally, it provides repair and maintenance services for agricultural equipment. Founded in 2009 and headquartered in Bangkok, Thailand, K.W. Metal Work also leverages advanced manufacturing technologies such as linear CNC and robotic welding machines to enhance product quality. The company operates mainly within the agricultural machinery manufacturing industry but has recently diversified its business by entering the cannabis and hemp extraction machinery market through its subsidiaries. In 2023, the company expanded into producing and developing machines for cannabis and hemp extraction, investing in subsidiaries including KWM Cannabitec Co., Ltd., which offers machine rental services, and Lab Active Co., Ltd., which engages in extraction and processing of agricultural raw materials for various industries like cosmetics and pharmaceuticals. Significant recent changes include capital increases in its subsidiary Labactive Co., Ltd. and the dissolution of KWM Cannabitech Co., Ltd. in late 2024. K.W. Metal Work’s strategic moves emphasize innovation and diversification beyond traditional farm machinery into high-tech extraction equipment, positioning it in emerging markets while sustaining its agricultural equipment business with products serving farm machineries widely across Thailand.