Resintech Bhd (7232) - Net Assets

Latest as of March 2026: RM225.47 Million MYR ≈ $56.61 Million USD

Based on the latest financial reports, Resintech Bhd (7232) has net assets worth RM225.47 Million MYR (≈ $56.61 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM340.72 Million ≈ $85.54 Million USD) and total liabilities (RM115.25 Million ≈ $28.94 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. Also explore 7232 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM225.47 Million
% of Total Assets	66.17%
Annual Growth Rate	7.6%
5-Year Change	29.2%
10-Year Change	74.24%
Growth Volatility	8.87

Resintech Bhd - Net Assets Trend (2013–2026)

This chart illustrates how Resintech Bhd's net assets have evolved over time, based on quarterly financial data. Check 7232 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Resintech Bhd (2013–2026)

The table below shows the annual net assets of Resintech Bhd from 2013 to 2026. For live valuation and market cap data, see how much is Resintech Bhd worth.

Year	Net Assets	Change
2026-03-31	RM225.47 Million ≈ $56.61 Million	+6.66%
2025-03-31	RM211.39 Million ≈ $53.07 Million	+17.22%
2024-03-31	RM180.34 Million ≈ $45.28 Million	+3.59%
2023-03-31	RM174.08 Million ≈ $43.71 Million	-0.25%
2022-03-31	RM174.51 Million ≈ $43.81 Million	+6.23%
2021-03-31	RM164.28 Million ≈ $41.25 Million	+0.91%
2020-03-31	RM162.80 Million ≈ $40.87 Million	+17.18%
2019-03-31	RM138.93 Million ≈ $34.88 Million	+3.20%
2018-03-31	RM134.62 Million ≈ $33.80 Million	+4.04%
2017-03-31	RM129.40 Million ≈ $32.49 Million	+5.39%
2016-03-31	RM122.78 Million ≈ $30.83 Million	+0.64%
2015-03-31	RM122.00 Million ≈ $30.63 Million	+32.61%
2014-03-31	RM92.00 Million ≈ $23.10 Million	+5.75%
2013-03-31	RM87.00 Million ≈ $21.84 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Resintech 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 307.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	RM87.14 Million	39.06%
Other Components	RM135.92 Million	60.94%
Total Equity	RM223.06 Million	100.00%

Resintech Bhd Competitors by Market Cap

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

Company	Market Cap
Seker Finansal Kiralama AS IS:SEKFK	$21.73 Million
Bintang Mitra Semestaraya Tbk JK:BMSR	$21.74 Million
Victor Group Holdings Ltd AU:VIG	$21.76 Million
Watos Corea Co. Ltd KQ:079000	$21.76 Million
Janfusun Fancyworld TWO:5701	$21.72 Million
NEXTCHIP Co. Ltd KQ:092600	$21.69 Million
BeMetals Corp V:BMET	$21.69 Million
Duckshin Housing Co. Ltd KQ:090410	$21.67 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 211,389,000 to 223,056,000, a change of 11,667,000 (5.5%).
Net income of 13,547,000 contributed positively to equity growth.
Dividend payments of 2,430,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM13.55 Million	+6.07%
Dividends Paid	RM2.43 Million	-1.09%
Other Changes	RM550.00K	+0.25%
Total Change	RM-	5.52%

Book Value vs Market Value Analysis

This analysis compares Resintech 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: 0.39x
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 decreased from 0.63x to 0.39x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	RM0.71	RM0.45	x
2018-03-31	RM0.74	RM0.45	x
2019-03-31	RM0.76	RM0.45	x
2020-03-31	RM0.89	RM0.45	x
2021-03-31	RM0.90	RM0.45	x
2022-03-31	RM0.89	RM0.45	x
2023-03-31	RM0.89	RM0.45	x
2024-03-31	RM0.93	RM0.45	x
2025-03-31	RM1.09	RM0.45	x
2026-03-31	RM1.15	RM0.45	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Resintech 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): 6.07%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.38%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.53x
Recent ROE (6.07%) is above the historical average (3.50%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	3.53%	5.61%	0.47x	1.34x	RM-7.95 Million
2017	6.74%	11.23%	0.45x	1.33x	RM-4.22 Million
2018	1.40%	2.47%	0.41x	1.37x	RM-11.58 Million
2019	2.52%	4.13%	0.45x	1.36x	RM-10.39 Million
2020	2.46%	5.03%	0.37x	1.31x	RM-12.27 Million
2021	3.57%	7.45%	0.35x	1.36x	RM-10.56 Million
2022	2.93%	6.34%	0.32x	1.44x	RM-12.34 Million
2023	0.58%	1.11%	0.35x	1.47x	RM-16.41 Million
2024	3.34%	5.68%	0.41x	1.42x	RM-12.02 Million
2025	5.34%	9.02%	0.39x	1.50x	RM-9.86 Million
2026	6.07%	8.38%	0.47x	1.53x	RM-8.76 Million

Industry Comparison

This section compares Resintech Bhd's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $241,667,066
Average return on equity (ROE) among peers: 5.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Resintech Bhd (7232)	RM225.47 Million	3.53%	0.51x	$21.72 Million
Econframe Bhd (0227)	$85.46 Million	15.29%	0.12x	$25.05 Million
Chuan Huat Resources Bhd (7016)	$173.00 Million	6.94%	1.37x	$8.89 Million
Seacera Group Bhd (7073)	$663.77 Million	1.76%	0.30x	$9.37 Million
AbleGroup Bhd (7086)	$44.84 Million	-2.20%	0.06x	$5.63 Million
United U Li Corporation Bhd (7133)	$417.70 Million	10.25%	0.15x	$76.01 Million
CSH Alliance Bhd (7165)	$45.00 Million	0.00%	1.07x	$26.01 Million
Superlon Holdings Bhd (7235)	$153.14 Million	7.83%	0.32x	$29.86 Million
Ajiya Bhd (7609)	$321.00 Million	4.67%	0.33x	$137.65 Million
KPS Consortium Bhd (9121)	$271.08 Million	2.39%	1.04x	$27.35 Million

About Resintech Bhd

KLSE:7232 Malaysia Building Products & Equipment

Market Cap

$21.72 Million

RM86.51 Million MYR

Market Cap Rank

#24824 Global

#676 in Malaysia

Share Price

RM0.45

Change (1 day)

+1.14%

52-Week Range

RM0.43 - RM0.60

All Time High

RM0.88