Hydropipes Industries Sdn. Bhd.
Hydropipes Industries Sdn. Bhd. manufacturers and sells mild steel pipes and fittings for the governments and private sectors in Malaysia. It offers single and double flange bends, reducers, and tees. The company was incorporated in 1991 and is based in Subang Jaya, Malaysia.
Hydropipes Industries Sdn. Bhd. (03060) - Net Assets
Latest net assets as of June 2025: RM15.61 Million MYR
Based on the latest financial reports, Hydropipes Industries Sdn. Bhd. (03060) has net assets worth RM15.61 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM16.66 Million) and total liabilities (RM1.05 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM15.61 Million |
| % of Total Assets | 93.67% |
| Annual Growth Rate | 22.98% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.46 |
Hydropipes Industries Sdn. Bhd. - Net Assets Trend (2021–2024)
This chart illustrates how Hydropipes Industries Sdn. Bhd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hydropipes Industries Sdn. Bhd. (2021–2024)
The table below shows the annual net assets of Hydropipes Industries Sdn. Bhd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM15.20 Million | +31.25% |
| 2023-12-31 | RM11.58 Million | +22.77% |
| 2022-12-31 | RM9.43 Million | +15.45% |
| 2021-12-31 | RM8.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hydropipes Industries Sdn. 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 grown by 53.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM9.21 Million | 60.63% |
| Other Components | RM5.98 Million | 39.37% |
| Total Equity | RM15.20 Million | 100.00% |
Hydropipes Industries Sdn. Bhd. Competitors by Market Cap
The table below lists competitors of Hydropipes Industries Sdn. Bhd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
My Beat AB
F:J1A
|
$658.23 |
|
TP TEC Holding Berhad
KLSE:03061
|
$658.97 |
|
JP Morgan Global Growth & Income PLC
LSE:JGGI
|
$659.90 |
|
Gul Ahmed Textile Mills Ltd
KAR:GATM
|
$660.64 |
|
RMS Mezzanine A.S.
PR:PVT
|
$657.46 |
|
Grays Leasing Ltd
KAR:GRYL
|
$656.89 |
|
Dankotuwa Porcelain PLC
CM:DPLN0000
|
$656.25 |
|
SHUI ON LAND (OL5.SG)
STU:OL5
|
$656.17 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hydropipes Industries Sdn. Bhd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,578,481 to 15,196,355, a change of 3,617,874 (31.2%).
- Net loss of 197,876 reduced equity.
- New share issuances of 3,815,750 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-197.88K | -1.3% |
| Share Issuances | RM3.82 Million | +25.11% |
| Total Change | RM- | 31.25% |
Book Value vs Market Value Analysis
This analysis compares Hydropipes Industries Sdn. 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: 2.78x
- 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 5.17x to 2.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | RM0.06 | RM0.32 | x |
| 2022-12-31 | RM0.07 | RM0.32 | x |
| 2023-12-31 | RM0.09 | RM0.32 | x |
| 2024-12-31 | RM0.12 | RM0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hydropipes Industries Sdn. 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): -1.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.05%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.19x
- Recent ROE (-1.30%) is below the historical average (10.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 13.38% | 7.27% | 0.87x | 2.12x | RM318.78K |
| 2023 | 18.55% | 8.08% | 1.39x | 1.65x | RM989.94K |
| 2024 | -1.30% | -1.05% | 1.04x | 1.19x | RM-1.72 Million |
Industry Comparison
This section compares Hydropipes Industries Sdn. Bhd.'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $420,641,973
- Average return on equity (ROE) among peers: 5.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hydropipes Industries Sdn. Bhd. (03060) | RM15.61 Million | 13.38% | 0.07x | $658.12 |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |