Melewar Industrial Group Bhd
Melewar Industrial Group Berhad, an investment holding company, engages in manufacturing and trading of steel and iron products in Malaysia and internationally. It operates through Steel Tube, Cold Rolled Coil, and Others segments. The company offers black and carbon steel pipes, and square and rectangular hollow sections for bicycles, vehicles, agricultural implements, civil engineering, steel t… Read more
Melewar Industrial Group Bhd (3778) - Net Assets
Latest net assets as of December 2025: RM557.60 Million MYR
Based on the latest financial reports, Melewar Industrial Group Bhd (3778) has net assets worth RM557.60 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 (RM739.32 Million) and total liabilities (RM181.72 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 | RM557.60 Million |
| % of Total Assets | 75.42% |
| Annual Growth Rate | -1.75% |
| 5-Year Change | 13.0% |
| 10-Year Change | 34.51% |
| Growth Volatility | 17.97 |
Melewar Industrial Group Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Melewar Industrial Group 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 Melewar Industrial Group Bhd (2012–2025)
The table below shows the annual net assets of Melewar Industrial Group Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM419.00 Million | +0.64% |
| 2024-06-30 | RM416.35 Million | +1.65% |
| 2023-06-30 | RM409.61 Million | -0.10% |
| 2022-06-30 | RM410.02 Million | +10.58% |
| 2021-06-30 | RM370.80 Million | +13.92% |
| 2020-06-30 | RM325.48 Million | +0.01% |
| 2019-06-30 | RM325.44 Million | +31.27% |
| 2018-06-30 | RM247.91 Million | +2.47% |
| 2017-06-30 | RM241.94 Million | -22.33% |
| 2016-06-30 | RM311.50 Million | -17.59% |
| 2015-06-30 | RM378.00 Million | -5.03% |
| 2014-06-30 | RM398.00 Million | +23.60% |
| 2013-06-30 | RM322.00 Million | -38.90% |
| 2012-06-30 | RM527.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Melewar Industrial Group 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 40.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM61.97 Million | 14.79% |
| Common Stock | RM253.79 Million | 60.57% |
| Other Components | RM103.24 Million | 24.64% |
| Total Equity | RM419.00 Million | 100.00% |
Melewar Industrial Group Bhd Competitors by Market Cap
The table below lists competitors of Melewar Industrial Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IBC Advanced Alloys Corp
OTCQB:IAALF
|
$5.14 Million |
|
Mountain Valley MD Holdings Inc
OTCQB:MVMDF
|
$5.14 Million |
|
Biofish Holding AS
OL:BFISH
|
$5.15 Million |
|
Iconovo
ST:ICO
|
$5.15 Million |
|
GT Resources Inc.
OTCQB:CGTRF
|
$5.14 Million |
|
Nandani Creation Limited
NSE:JAIPURKURT
|
$5.14 Million |
|
BH Macro Limited
LSE:BHMG
|
$5.14 Million |
|
Jenn Feng New Energy Co Ltd
TW:1538
|
$5.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Melewar Industrial Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 416,348,360 to 419,002,170, a change of 2,653,810 (0.6%).
- Net loss of 8,068,960 reduced equity.
- Other factors increased equity by 10,722,770.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-8.07 Million | -1.93% |
| Other Changes | RM10.72 Million | +2.56% |
| Total Change | RM- | 0.64% |
Book Value vs Market Value Analysis
This analysis compares Melewar Industrial Group 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: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM1.38 | RM0.14 | x |
| 2017-06-30 | RM1.07 | RM0.14 | x |
| 2018-06-30 | RM1.10 | RM0.14 | x |
| 2019-06-30 | RM0.91 | RM0.14 | x |
| 2020-06-30 | RM0.91 | RM0.14 | x |
| 2021-06-30 | RM1.03 | RM0.14 | x |
| 2022-06-30 | RM1.14 | RM0.14 | x |
| 2023-06-30 | RM1.14 | RM0.14 | x |
| 2024-06-30 | RM1.16 | RM0.14 | x |
| 2025-06-30 | RM1.17 | RM0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Melewar Industrial Group 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): -1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.11%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.82x
- Recent ROE (-1.93%) is below the historical average (-0.43%), 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 | 2.64% | 1.36% | 0.87x | 2.23x | RM-22.92 Million |
| 2017 | -32.33% | -10.12% | 1.00x | 3.18x | RM-102.41 Million |
| 2018 | -0.27% | -0.08% | 1.05x | 3.14x | RM-25.46 Million |
| 2019 | 9.45% | 4.43% | 0.95x | 2.25x | RM-1.79 Million |
| 2020 | -0.44% | -0.24% | 0.86x | 2.13x | RM-34.00 Million |
| 2021 | 12.06% | 6.06% | 0.95x | 2.10x | RM7.65 Million |
| 2022 | 8.54% | 4.66% | 0.85x | 2.17x | RM-5.97 Million |
| 2023 | -3.24% | -2.41% | 0.73x | 1.84x | RM-54.22 Million |
| 2024 | 1.24% | 0.64% | 0.94x | 2.07x | RM-36.48 Million |
| 2025 | -1.93% | -1.11% | 0.95x | 1.82x | RM-49.97 Million |
Industry Comparison
This section compares Melewar Industrial Group Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $385,771,844
- Average return on equity (ROE) among peers: 13.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Melewar Industrial Group Bhd (3778) | RM557.60 Million | 2.64% | 0.33x | $5.14 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 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |