Saliran Group Berhad
Saliran Group Berhad, an investment holding company, engages in the supply and distribution of pipes, fittings, flanges, and steel products. It operates through Trading and Manufacturing segments. The company offers pipes, fittings, and flanges as well as related parts and accessories that are used for the transfer of fluid and gaseous substances in production and refining/processing activities; … Read more
Saliran Group Berhad (0346) - Net Assets
Latest net assets as of December 2025: RM73.67 Million MYR
Based on the latest financial reports, Saliran Group Berhad (0346) has net assets worth RM73.67 Million MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM242.80 Million) and total liabilities (RM169.14 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 | RM73.67 Million |
| % of Total Assets | 30.34% |
| Annual Growth Rate | 52.7% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.45 |
Saliran Group Berhad - Net Assets Trend (2021–2025)
This chart illustrates how Saliran Group Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Saliran Group Berhad (2021–2025)
The table below shows the annual net assets of Saliran Group Berhad from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM73.67 Million | +143.67% |
| 2023-12-31 | RM30.23 Million | +48.78% |
| 2022-12-31 | RM20.32 Million | +49.98% |
| 2021-12-31 | RM13.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Saliran Group Berhad'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 370.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM50.20 Million | 68.15% |
| Other Components | RM23.46 Million | 31.85% |
| Total Equity | RM73.67 Million | 100.00% |
Saliran Group Berhad Competitors by Market Cap
The table below lists competitors of Saliran Group Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MCDONALD'S
MU:MDO
|
$2.86 Million |
|
SURE VENTURES PLC LS -01
F:08F
|
$2.86 Million |
|
KPS Consortium Bhd
KLSE:9121
|
$2.86 Million |
|
Coppermoly Ltd
AU:COY
|
$2.86 Million |
|
US Nuclear Corp
PINK:UCLE
|
$2.86 Million |
|
Logistics Vicem JSC
VN:HTV
|
$2.86 Million |
|
MOUNTAIN VALLEY MD HLDGS
F:20MP
|
$2.86 Million |
|
Dlaboratory Sweden AB
ST:DLAB
|
$2.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saliran Group Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2025, total equity changed from 30,231,317 to 73,666,000, a change of 43,434,683 (143.7%).
- Net income of 10,249,000 contributed positively to equity growth.
- New share issuances of 19,982,000 increased equity.
- Other factors increased equity by 13,203,683.
Equity Change Factors (2023 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM10.25 Million | +13.91% |
| Share Issuances | RM19.98 Million | +27.13% |
| Other Changes | RM13.20 Million | +17.92% |
| Total Change | RM- | 143.67% |
Book Value vs Market Value Analysis
This analysis compares Saliran Group Berhad'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: 1.14x
- 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 6.40x to 1.14x 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 | RM0.03 | RM0.22 | x |
| 2022-12-31 | RM0.05 | RM0.22 | x |
| 2023-12-31 | RM0.08 | RM0.22 | x |
| 2025-12-31 | RM0.19 | RM0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saliran Group Berhad 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): 13.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.11%
- • Asset Turnover: 2.00x
- • Equity Multiplier: 3.30x
- Recent ROE (13.91%) is below the historical average (27.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 33.73% | 6.28% | 1.01x | 5.29x | RM3.12 Million |
| 2022 | 29.61% | 4.29% | 1.29x | 5.35x | RM3.94 Million |
| 2023 | 32.81% | 4.08% | 1.64x | 4.89x | RM6.90 Million |
| 2025 | 13.91% | 2.11% | 2.00x | 3.30x | RM2.88 Million |
Industry Comparison
This section compares Saliran Group Berhad's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $419,291,881
- Average return on equity (ROE) among peers: 2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saliran Group Berhad (0346) | RM73.67 Million | 33.73% | 2.30x | $2.86 Million |
| 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 |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| 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 |
| 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 |