BSL Corp Bhd (7221) - Net Assets

Latest as of August 2025: RM194.15 Million MYR ≈ $48.74 Million USD

Based on the latest financial reports, BSL Corp Bhd (7221) has net assets worth RM194.15 Million MYR (≈ $48.74 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM235.43 Million ≈ $59.11 Million USD) and total liabilities (RM41.28 Million ≈ $10.37 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 BSL Corp Bhd (7221) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM194.15 Million
% of Total Assets	82.46%
Annual Growth Rate	6.08%
5-Year Change	61.45%
10-Year Change	160.62%
Growth Volatility	17.16

BSL Corp Bhd - Net Assets Trend (2012–2025)

This chart illustrates how BSL Corp Bhd's net assets have evolved over time, based on quarterly financial data. Also explore BSL Corp Bhd (7221) total assets for the complete picture of this company's asset base.

Annual Net Assets for BSL Corp Bhd (2012–2025)

The table below shows the annual net assets of BSL Corp Bhd from 2012 to 2025. For live valuation and market cap data, see BSL Corp Bhd (7221) total market value.

Year	Net Assets	Change
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 grown by 47.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (August 2025)

Component	Amount	Percentage
Retained Earnings	RM37.99 Million	19.60%
Common Stock	RM156.25 Million	80.63%
Total Equity	RM193.78 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
Sanginita Chemicals Limited NSE:SANGINITA	$7.27 Million
Lupaka Gold Corp. V:LPK	$7.28 Million
FUTURE METALS NL F:3R10	$7.28 Million
Cyabra, Inc. Common Stock NASDAQ:CYAB	$7.29 Million
Zwahlen et Mayr SA SW:ZWM	$7.27 Million
Baijiayun Group Ltd NASDAQ:RTC	$7.27 Million
Lohilo Foods AB ST:LOHILO	$7.26 Million
Asuransi Bina Dana Arta Tbk JK:ABDA	$7.25 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 2024 to 2025, total equity changed from 187,825,000 to 193,777,000, a change of 5,952,000 (3.2%).
Net loss of 10,327,520 reduced equity.
Other factors increased equity by 16,279,520.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-10.33 Million	-5.33%
Other Changes	RM16.28 Million	+8.4%
Total Change	RM-	3.17%

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: 0.15x
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
2016-08-31	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

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): -5.33%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.58%
• Asset Turnover: 0.41x
• Equity Multiplier: 1.23x
Recent ROE (-5.33%) is below the historical average (-1.15%), 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	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

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: $223,062,946
Average return on equity (ROE) among peers: -3.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BSL Corp Bhd (7221)	RM194.15 Million	6.40%	0.21x	$7.27 Million
Mestron Holdings (0207)	$60.48 Million	3.75%	0.40x	$34.93 Million
Volcano Bhd (0232)	$103.57 Million	1.31%	0.48x	$14.14 Million
CEKD Bhd (0238)	$64.96 Million	7.63%	0.32x	$14.66 Million
Coraza Integrated Technology Bhd (0240)	$29.25 Million	27.40%	1.03x	$109.19 Million
SFP Tech Holdings Bhd (0251)	$74.50 Million	26.07%	0.78x	$114.49 Million
Wentel Engineering Holdings Berhad (0298)	$186.46 Million	8.06%	0.15x	$77.96 Million
Seremban Engineering Bhd (5163)	$25.52 Million	-141.72%	3.68x	$13.30 Million
Uwc Bhd (5292)	$304.78 Million	30.03%	0.18x	$1.61 Billion
APB Resources Bhd (5568)	$158.11 Million	-11.17%	0.05x	$5.14 Million
Kumpulan Perangsang Selangor (5843)	$1.22 Billion	9.48%	1.30x	$78.93 Million

About BSL Corp Bhd

KLSE:7221 Malaysia Metal Fabrication

Market Cap

$7.27 Million

RM28.95 Million MYR

Market Cap Rank

#27760 Global

#895 in Malaysia

Share Price

RM0.02

Change (1 day)

+0.00%

52-Week Range

RM0.02 - RM0.03

All Time High

RM1.26