Boilermech Holdings Bhd (0168) - Net Assets

Latest as of December 2025: RM590.09 Million MYR ≈ $148.15 Million USD

Based on the latest financial reports, Boilermech Holdings Bhd (0168) has net assets worth RM590.09 Million MYR (≈ $148.15 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM849.17 Million ≈ $213.20 Million USD) and total liabilities (RM259.08 Million ≈ $65.05 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 0168 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM590.09 Million
% of Total Assets	69.49%
Annual Growth Rate	15.22%
5-Year Change	152.19%
10-Year Change	N/A
Growth Volatility	32.42

Boilermech Holdings Bhd - Net Assets Trend (2016–2025)

This chart illustrates how Boilermech Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0168 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Boilermech Holdings Bhd (2016–2025)

The table below shows the annual net assets of Boilermech Holdings Bhd from 2016 to 2025. For live valuation and market cap data, see 0168 company net worth.

Year	Net Assets	Change
2025-03-31	RM578.57 Million ≈ $145.26 Million	+109.08%
2024-03-31	RM276.72 Million ≈ $69.47 Million	+16.82%
2023-03-31	RM236.88 Million ≈ $59.47 Million	-0.24%
2022-03-31	RM237.44 Million ≈ $59.61 Million	+3.50%
2021-03-31	RM229.42 Million ≈ $57.60 Million	+8.02%
2020-03-31	RM212.38 Million ≈ $53.32 Million	+4.02%
2019-03-31	RM204.18 Million ≈ $51.26 Million	+7.29%
2018-03-31	RM190.31 Million ≈ $47.78 Million	+12.57%
2017-03-31	RM169.06 Million ≈ $42.45 Million	+4.59%
2016-03-31	RM161.65 Million ≈ $40.58 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Boilermech Holdings Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Other Components	RM562.12 Million	100.00%
Total Equity	RM562.12 Million	100.00%

Boilermech Holdings Bhd Competitors by Market Cap

The table below lists competitors of Boilermech Holdings Bhd ranked by their market capitalization.

Company	Market Cap
Sidus Space Inc NASDAQ:SIDU	$224.50 Million
Kalyani Investment Company Limited NSE:KICL	$224.51 Million
LongDa Construction & Development Corp TW:5519	$224.79 Million
Kingstone Companies Inc NASDAQ:KINS	$224.94 Million
Dafeng TV Ltd TW:6184	$224.43 Million
Deutsche Real Estate AG F:DRE2	$224.35 Million
Kimteks Poliuretan Sanayi ve Ticaret AS IS:KMPUR	$224.33 Million
Taigen Biopharmaceuticals Holdings Ltd TWO:4157	$224.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Boilermech Holdings Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 261,541,240 to 562,121,000, a change of 300,579,760 (114.9%).
Net income of 52,444,101 contributed positively to equity growth.
Dividend payments of 11,610,000 reduced retained earnings.
New share issuances of 121,926,199 increased equity.
Other factors increased equity by 137,819,460.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM52.44 Million	+9.33%
Dividends Paid	RM11.61 Million	-2.07%
Share Issuances	RM121.93 Million	+21.69%
Other Changes	RM137.82 Million	+24.52%
Total Change	RM-	114.93%

Book Value vs Market Value Analysis

This analysis compares Boilermech Holdings Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.59x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.97x to 1.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	RM0.33	RM1.30	x
2018-03-31	RM0.37	RM1.30	x
2019-03-31	RM0.40	RM1.30	x
2020-03-31	RM0.41	RM1.30	x
2021-03-31	RM0.44	RM1.30	x
2022-03-31	RM0.46	RM1.30	x
2023-03-31	RM0.46	RM1.30	x
2024-03-31	RM0.51	RM1.30	x
2025-03-31	RM0.82	RM1.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Boilermech Holdings Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.33%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.34%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.45x
Recent ROE (9.33%) is below the historical average (11.25%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	19.03%	11.83%	0.87x	1.85x	RM14.60 Million
2017	13.64%	9.72%	0.87x	1.62x	RM6.15 Million
2018	10.81%	9.11%	0.73x	1.62x	RM1.54 Million
2019	13.02%	11.32%	0.73x	1.57x	RM6.16 Million
2020	10.95%	10.10%	0.74x	1.47x	RM2.02 Million
2021	9.79%	9.46%	0.66x	1.58x	RM-482.21K
2022	7.15%	5.34%	0.90x	1.48x	RM-6.77 Million
2023	5.94%	3.73%	0.97x	1.65x	RM-9.61 Million
2024	12.86%	7.64%	1.05x	1.60x	RM7.48 Million
2025	9.33%	9.34%	0.69x	1.45x	RM-3.77 Million

Industry Comparison

This section compares Boilermech Holdings Bhd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $138,069,529
Average return on equity (ROE) among peers: 8.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Boilermech Holdings Bhd (0168)	RM590.09 Million	19.03%	0.44x	$224.49 Million
YBS International Bhd (0025)	$55.16 Million	4.17%	0.60x	$14.42 Million
AT Systematization Bhd (0072)	$41.45 Million	1.72%	0.30x	$4.60 Million
Genetec Technology Bhd (0104)	$52.58 Million	13.32%	1.14x	$44.34 Million
HLT Global Bhd (0188)	$125.19 Million	-42.71%	0.84x	$7.88 Million
Greatech Technology Bhd (0208)	$586.77 Million	22.48%	0.61x	$1.50 Billion
Aimflex Bhd (0209)	$71.29 Million	10.69%	0.18x	$28.96 Million
Flexidynamic Holdings Bhd (0231)	$20.86 Million	22.08%	0.77x	$9.78 Million
ECA (0267)	$2.90 Million	47.28%	2.34x	$24.71 Million
Luster Industries Bhd (5068)	$286.43 Million	0.74%	0.89x	$26.10 Million

About Boilermech Holdings Bhd

KLSE:0168 Malaysia Specialty Industrial Machinery

Market Cap

$224.49 Million

RM894.14 Million MYR

Market Cap Rank

#16097 Global

#203 in Malaysia

Share Price

RM1.30

Change (1 day)

-0.76%

52-Week Range

RM1.18 - RM1.98

All Time High

RM2.08