Harn Engineering Solutions PCL
Harn Engineering Solutions PCL provides industrial machinery and equipment, primarily serving the manufacturing and construction sectors in Thailand and internationally.
Business. Harn Engineering Solutions PCL (HARNM.BK) is a Thai industrial goods company engaged in the industrial machinery and equipment sector. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). As specific operating segment and geographic data are not provided, the company is described at the industry level as a provider of industrial machinery and equipment.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Harn Engineering Solutions PCL (HARNM.BK) is a Thai industrial goods company engaged in the industrial machinery and equipment sector. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). As specific operating segment and geographic data are not provided, the company is described at the industry level as a provider of industrial machinery and equipment.
Harn Engineering Solutions PCL maintains a strong liquidity position, with a current ratio of 4.23 and cash and equivalents amounting to 370.12 million THB, which is significantly higher than the industry median. The company's debt-to-equity ratio is 0.06, indicating a conservative capital structure with minimal reliance on debt financing.
The company's profitability metrics are below the industry median, with a return on equity of 1.24% and a return on assets of 0.98%. These figures suggest that the company is not generating returns as efficiently as its peers, which may be a concern for investors seeking higher returns on their capital.
Harn Engineering Solutions PCL's revenue is primarily concentrated in the industrial machinery and equipment segment, with a significant portion of its operations based in Thailand. The company has not disclosed specific geographic revenue breakdowns, but its operations are largely domestic, which may expose it to regional economic fluctuations.
The company's growth trajectory appears to be modest, with no significant revenue growth reported in the latest financial period. The outlook for the current fiscal year is stable, with no major changes expected in the near term. The company's capital expenditure of -1.62 million THB indicates a reduction in investment, which may affect long-term growth potential.
The risk assessment for Harn Engineering Solutions PCL indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's conservative capital structure and strong cash reserves contribute to its low risk profile. However, the low return on equity and assets suggest that the company may need to improve its operational efficiency to enhance profitability.
Recent events and filings do not indicate any significant changes or risks for Harn Engineering Solutions PCL. The company's financial statements and disclosures are consistent with a stable and conservative business model, with no major red flags identified in the latest reports.
- Harn Engineering Solutions PCL has a strong liquidity position with a current ratio of 4.23 and significant cash reserves.
- The company's profitability metrics are below the industry median, indicating potential inefficiencies in capital utilization.
- Revenue is concentrated in the industrial machinery and equipment segment, with a significant domestic presence.
- The company's growth trajectory is modest, with no significant revenue growth reported in the latest period.
- The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected.
Bull / Bear case
Generated · model-assistedOperating income grew 5.3% year-over-year to THB 121.2 million, demonstrating resilience despite a 4.7% revenue decline.
Free cash flow surged 39.3% to THB 29.4 million, indicating strong cash generation capabilities in the latest period.
Debt-to-equity ratio of 0.06 is significantly lower than the cohort median of 0.2, reflecting a conservative capital structure.
Revenue declined 4.7% year-over-year to THB 1.18 billion, signaling weakening top-line growth momentum.
Net income fell 4.2% to THB 83.9 million, indicating reduced profitability despite operating income growth.
Return on equity of 1.24% lags the cohort median of 3.56%, suggesting inefficient use of shareholder capital.
Return on assets of 0.98% remains low, reflecting limited efficiency in generating profits from total assets.
Long-term debt increased to THB 100.7 million, reversing the previous downward trend in leverage.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Harn Engineering Solutions PCL Market data — financials · 2026-05-28