BSL Corp Bhd (7221) - Net Assets

Latest as of May 2026: RM195.18 Million MYR ≈ $49.00 Million USD

Based on the latest financial reports, BSL Corp Bhd (7221) has net assets worth RM195.18 Million MYR (≈ $49.00 Million USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM278.24 Million ≈ $69.86 Million USD) and total liabilities (RM83.06 Million ≈ $20.85 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 strategic asset allocation of BSL Corp Bhd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM195.18 Million
% of Total Assets	70.15%
Annual Growth Rate	5.69%
5-Year Change	44.91%
10-Year Change	153.1%
Growth Volatility	16.62

BSL Corp Bhd - Net Assets Trend (2012–2026)

This chart illustrates how BSL Corp Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of BSL Corp Bhd.

Annual Net Assets for BSL Corp Bhd (2012–2026)

The table below shows the annual net assets of BSL Corp Bhd from 2012 to 2026. Also explore 7221 net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-08-31	RM195.18 Million ≈ $49.00 Million	+0.72%
2025-08-31	RM193.78 Million ≈ $48.65 Million	+3.17%
2024-08-31	RM187.82 Million ≈ $47.16 Million	-4.44%
2023-08-31	RM196.55 Million ≈ $49.35 Million	+45.94%
2022-08-31	RM134.68 Million ≈ $33.81 Million	+12.22%
2021-08-31	RM120.02 Million ≈ $30.13 Million	+11.44%
2020-08-31	RM107.70 Million ≈ $27.04 Million	-0.89%
2019-08-31	RM108.67 Million ≈ $27.28 Million	-1.56%
2018-08-31	RM110.39 Million ≈ $27.72 Million	+43.16%
2017-08-31	RM77.11 Million ≈ $19.36 Million	+3.71%
2016-08-31	RM74.35 Million ≈ $18.67 Million	+4.72%
2015-08-31	RM71.00 Million ≈ $17.83 Million	-6.58%
2014-08-31	RM76.00 Million ≈ $19.08 Million	-11.63%
2013-08-31	RM86.00 Million ≈ $21.59 Million	-4.44%
2012-08-31	RM90.00 Million ≈ $22.60 Million	--

Equity Component Analysis

This analysis shows how different components contribute to BSL Corp 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 110.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (August 2026)

Component	Amount	Percentage
Other Components	RM197.96 Million	101.43%
Total Equity	RM195.18 Million	100.00%

BSL Corp Bhd Competitors by Market Cap

The table below lists competitors of BSL Corp Bhd ranked by their market capitalization.

Company	Market Cap
Nusantara Voucher Distribution Tbk PT JK:DIVA	$11.16 Million
Four Leaf Acquisition Corporation Class A Common Stock NASDAQ:FORL	$11.16 Million
High Coast Distillery AB ST:HIGHCO-B	$11.16 Million
Admiralty Resources NL AU:ADY	$11.16 Million
i2S SA PA:ALI2S	$11.14 Million
JBDI Holdings Limited Ordinary Shares NASDAQ:JBDI	$11.13 Million
AVRO INDIA LIMITED NSE:AVROIND	$11.11 Million
Blueberry NFT CO.LTD KQ:044480	$11.11 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 193,777,000 to 195,175,000, a change of 1,398,000 (0.7%).
Net income of 1,379,000 contributed positively to equity growth.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM1.38 Million	+0.71%
Other Changes	RM19.00K	+0.01%
Total Change	RM-	0.72%

Book Value vs Market Value Analysis

This analysis compares BSL Corp 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: 0.20x
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.
The price-to-book ratio has increased from 0.08x to 0.20x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-08-31	RM0.24	RM0.02	x
2017-08-31	RM0.13	RM0.02	x
2018-08-31	RM0.23	RM0.02	x
2019-08-31	RM0.23	RM0.02	x
2020-08-31	RM0.54	RM0.02	x
2021-08-31	RM0.32	RM0.02	x
2022-08-31	RM0.26	RM0.02	x
2023-08-31	RM0.10	RM0.02	x
2024-08-31	RM0.10	RM0.02	x
2025-08-31	RM0.10	RM0.02	x
2026-08-31	RM0.10	RM0.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BSL Corp 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): 0.71%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.38%
• Asset Turnover: 0.15x
• Equity Multiplier: 1.43x
Recent ROE (0.71%) is above the historical average (-0.98%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	6.40%	4.40%	0.97x	1.50x	RM-2.67 Million
2017	4.15%	2.19%	1.11x	1.71x	RM-4.51 Million
2018	-1.01%	-0.70%	0.98x	1.47x	RM-12.16 Million
2019	1.25%	0.85%	1.03x	1.42x	RM-9.51 Million
2020	0.34%	0.27%	0.90x	1.42x	RM-10.40 Million
2021	7.75%	5.83%	0.93x	1.43x	RM-2.70 Million
2022	-7.67%	-4.81%	1.06x	1.50x	RM-23.80 Million
2023	-15.26%	-27.20%	0.43x	1.30x	RM-49.64 Million
2024	-2.15%	-5.52%	0.30x	1.28x	RM-22.81 Million
2025	-5.33%	-10.58%	0.41x	1.23x	RM-29.71 Million
2026	0.71%	3.38%	0.15x	1.43x	RM-18.14 Million

Industry Comparison

This section compares BSL Corp Bhd's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $204,435,702
Average return on equity (ROE) among peers: 8.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BSL Corp Bhd (7221)	RM195.18 Million	6.40%	0.43x	$11.14 Million
Mestron Holdings (0207)	$95.35 Million	3.37%	0.34x	$23.70 Million
Volcano Bhd (0232)	$67.37 Million	5.02%	0.10x	$11.86 Million
CEKD Bhd (0238)	$77.24 Million	8.35%	0.11x	$14.41 Million
Coraza Integrated Technology Bhd (0240)	$29.25 Million	27.40%	1.03x	$126.94 Million
SFP Tech Holdings Bhd (0251)	$55.08 Million	32.04%	0.66x	$147.63 Million
Wentel Engineering Holdings Berhad (0298)	$67.39 Million	18.41%	0.37x	$75.07 Million
Seremban Engineering Bhd (5163)	$22.89 Million	-21.53%	3.02x	$11.80 Million
Uwc Bhd (5292)	$495.01 Million	8.20%	0.24x	$1.70 Billion
APB Resources Bhd (5568)	$177.00 Million	5.65%	0.21x	$5.14 Million
Kumpulan Perangsang Selangor (5843)	$957.76 Million	2.81%	1.40x	$72.86 Million

About BSL Corp Bhd

KLSE:7221 Malaysia Metal Fabrication

Market Cap

$11.14 Million

RM44.38 Million MYR

Market Cap Rank

#26883 Global

#827 in Malaysia

Share Price

RM0.02

Change (1 day)

+0.00%

52-Week Range

RM0.02 - RM0.03

All Time High

RM1.26