Boilermech Holdings Bhd (0168) - Net Assets

Latest as of March 2026: RM610.31 Million MYR ≈ $153.23 Million USD

Based on the latest financial reports, Boilermech Holdings Bhd (0168) has net assets worth RM610.31 Million MYR (≈ $153.23 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM889.60 Million ≈ $223.35 Million USD) and total liabilities (RM279.29 Million ≈ $70.12 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 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM610.31 Million
% of Total Assets	68.6%
Annual Growth Rate	14.21%
5-Year Change	157.04%
10-Year Change	261.0%
Growth Volatility	31.0

Boilermech Holdings Bhd - Net Assets Trend (2016–2026)

This chart illustrates how Boilermech Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Boilermech Holdings Bhd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Boilermech Holdings Bhd (2016–2026)

The table below shows the annual net assets of Boilermech Holdings Bhd from 2016 to 2026. For live valuation and market cap data, see 0168 company net worth.

Year	Net Assets	Change
2026-03-31	RM610.31 Million ≈ $153.23 Million	+5.49%
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 2026)

Component	Amount	Percentage
Other Components	RM591.63 Million	100.00%
Total Equity	RM591.63 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
John Marshall Bancorp Inc NASDAQ:JMSB	$300.59 Million
Ha Do Group JSC VN:HDG	$300.81 Million
Chongqing Sifang New Material Co. Ltd. SHG:605122	$300.88 Million
Holley Inc NYSE:HLLY	$300.92 Million
Lime Technologies AB (publ) ST:LIME	$300.41 Million
IMC S.A. F:IM4	$300.33 Million
China Shengmu Organic Milk Limited F:7OM	$300.20 Million
Brompton Split Banc Corp TO:SBC	$300.15 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 2025 to 2026, total equity changed from 562,121,000 to 591,632,000, a change of 29,511,000 (5.2%).
Net income of 52,298,000 contributed positively to equity growth.
Dividend payments of 20,021,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM52.30 Million	+8.84%
Dividends Paid	RM20.02 Million	-3.38%
Other Changes	RM-2.77 Million	-0.47%
Total Change	RM-	5.25%

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: 2.02x
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 5.31x to 2.02x 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	RM1.74	x
2018-03-31	RM0.37	RM1.74	x
2019-03-31	RM0.40	RM1.74	x
2020-03-31	RM0.41	RM1.74	x
2021-03-31	RM0.44	RM1.74	x
2022-03-31	RM0.46	RM1.74	x
2023-03-31	RM0.46	RM1.74	x
2024-03-31	RM0.51	RM1.74	x
2025-03-31	RM0.82	RM1.74	x
2026-03-31	RM0.86	RM1.74	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): 8.84%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.70%
• Asset Turnover: 0.68x
• Equity Multiplier: 1.50x
Recent ROE (8.84%) is below the historical average (11.03%), 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
2026	8.84%	8.70%	0.68x	1.50x	RM-6.87 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: $86,930,259
Average return on equity (ROE) among peers: 7.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Boilermech Holdings Bhd (0168)	RM610.31 Million	19.03%	0.46x	$300.47 Million
YBS International Bhd (0025)	$136.17 Million	-7.41%	0.65x	$21.82 Million
AT Systematization Bhd (0072)	$48.66 Million	-31.54%	0.49x	$5.74 Million
Genetec Technology Bhd (0104)	$22.61 Million	24.23%	0.47x	$61.09 Million
HLT Global Bhd (0188)	$101.16 Million	15.73%	1.38x	$6.30 Million
Greatech Technology Bhd (0208)	$14.99 Million	37.35%	0.67x	$1.68 Billion
Aimflex Bhd (0209)	$143.20 Million	5.75%	0.14x	$30.77 Million
Flexidynamic Holdings Bhd (0231)	$38.04 Million	2.39%	0.81x	$9.40 Million
ECA (0267)	$24.85 Million	31.42%	0.43x	$32.71 Million
Luster Industries Bhd (5068)	$252.70 Million	-8.50%	1.18x	$18.43 Million

About Boilermech Holdings Bhd

KLSE:0168 Malaysia Specialty Industrial Machinery

Market Cap

$300.47 Million

RM1.20 Billion MYR

Market Cap Rank

#14950 Global

#172 in Malaysia

Share Price

RM1.74

Change (1 day)

+0.00%

52-Week Range

RM1.11 - RM1.98

All Time High

RM2.08