Sand Nisko Capital Bhd (7943) - Net Assets

Latest as of March 2026: RM95.37 Million MYR ≈ $23.94 Million USD

Based on the latest financial reports, Sand Nisko Capital Bhd (7943) has net assets worth RM95.37 Million MYR (≈ $23.94 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 (RM135.34 Million ≈ $33.98 Million USD) and total liabilities (RM39.98 Million ≈ $10.04 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 Sand Nisko Capital Bhd (7943) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM95.37 Million
% of Total Assets	70.46%
Annual Growth Rate	12.33%
5-Year Change	158.42%
10-Year Change	207.43%
Growth Volatility	93.03

Sand Nisko Capital Bhd - Net Assets Trend (2012–2025)

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

Annual Net Assets for Sand Nisko Capital Bhd (2012–2025)

The table below shows the annual net assets of Sand Nisko Capital Bhd from 2012 to 2025. Also explore Sand Nisko Capital Bhd annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM95.15 Million ≈ $23.89 Million	+334.40%
2024-12-31	RM21.90 Million ≈ $5.50 Million	-21.21%
2023-12-31	RM27.80 Million ≈ $6.98 Million	+52.05%
2022-12-31	RM18.28 Million ≈ $4.59 Million	-50.34%
2021-12-31	RM36.82 Million ≈ $9.24 Million	+38.15%
2020-12-31	RM26.65 Million ≈ $6.69 Million	+11.52%
2019-12-31	RM23.90 Million ≈ $6.00 Million	+4.64%
2018-12-31	RM22.84 Million ≈ $5.73 Million	-16.05%
2017-12-31	RM27.21 Million ≈ $6.83 Million	-12.10%
2016-12-31	RM30.95 Million ≈ $7.77 Million	+6.72%
2015-12-31	RM29.00 Million ≈ $7.28 Million	-14.71%
2014-12-31	RM34.00 Million ≈ $8.54 Million	+70.00%
2013-12-31	RM20.00 Million ≈ $5.02 Million	-4.76%
2012-12-31	RM21.00 Million ≈ $5.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sand Nisko Capital 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 759.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	RM114.94 Million	120.80%
Total Equity	RM95.15 Million	100.00%

Sand Nisko Capital Bhd Competitors by Market Cap

The table below lists competitors of Sand Nisko Capital Bhd ranked by their market capitalization.

Company	Market Cap
eSang Networks Co.Ltd KQ:080010	$42.87 Million
GiG Software PLC ST:GIG-SDB	$42.87 Million
AXIOS Sustainable Growth NYSE:AXAC	$42.88 Million
Tourindo Guide Indonesia Pt JK:PGJO	$42.90 Million
Globe Metals & Mining Ltd AU:GBE	$42.84 Million
Endurance Motive S.A. MC:END	$42.84 Million
Rigolleau SA BA:RIGO	$42.83 Million
Elastron S.A. - Steel Service Centers AT:ELSTR	$42.82 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 21,902,890 to 95,145,570, a change of 73,242,680 (334.4%).
Net loss of 1,629,969 reduced equity.
New share issuances of 74,872,649 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-1.63 Million	-1.71%
Share Issuances	RM74.87 Million	+78.69%
Total Change	RM-	334.40%

Book Value vs Market Value Analysis

This analysis compares Sand Nisko Capital 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: 1.79x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.81x to 1.79x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM0.23	RM0.19	x
2017-12-31	RM0.21	RM0.19	x
2018-12-31	RM0.17	RM0.19	x
2019-12-31	RM0.36	RM0.19	x
2020-12-31	RM0.16	RM0.19	x
2021-12-31	RM0.16	RM0.19	x
2022-12-31	RM0.08	RM0.19	x
2023-12-31	RM0.19	RM0.19	x
2024-12-31	RM0.15	RM0.19	x
2025-12-31	RM0.11	RM0.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sand Nisko Capital 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): -1.71%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -5.40%
• Asset Turnover: 0.22x
• Equity Multiplier: 1.46x
Recent ROE (-1.71%) is above the historical average (-17.57%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	-16.46%	-18.52%	0.61x	1.45x	RM-8.04 Million
2016	1.87%	1.27%	1.02x	1.44x	RM-2.51 Million
2017	-13.76%	-14.36%	0.64x	1.50x	RM-6.46 Million
2018	-12.51%	-47.40%	0.16x	1.68x	RM-5.14 Million
2019	-2.58%	-2.76%	0.46x	2.02x	RM-3.01 Million
2020	-1.56%	-1.24%	0.90x	1.40x	RM-3.08 Million
2021	3.88%	2.48%	1.06x	1.47x	RM-2.25 Million
2022	-101.54%	-66.53%	0.87x	1.75x	RM-20.39 Million
2023	-16.74%	-23.91%	0.20x	3.46x	RM-7.43 Million
2024	-32.12%	-20.41%	0.38x	4.15x	RM-9.23 Million
2025	-1.71%	-5.40%	0.22x	1.46x	RM-11.14 Million

Industry Comparison

This section compares Sand Nisko Capital Bhd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $77,107,274
Average return on equity (ROE) among peers: -6.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sand Nisko Capital Bhd (7943)	RM95.37 Million	-16.46%	0.42x	$42.87 Million
Southern Score Builders Berhad (0045)	$-8.25 Million	0.00%	0.00x	$348.05 Million
Ecobuilt Holdings Bhd (0059)	$71.09 Million	-1.93%	0.04x	$3.70 Million
Mega Sun City Holdings Bhd (0081)	$50.82 Million	-3.25%	0.01x	$2.97 Million
Waja Konsortium Bhd (0102)	$40.12 Million	-0.57%	1.17x	$14.00 Million
Kelington Group Bhd (0151)	$54.03 Million	3.08%	1.16x	$1.66 Billion
Widad Group Bhd (0162)	$20.14 Million	-19.17%	0.90x	$7.84 Million
Pasukhas Group Bhd (0177)	$136.35 Million	-12.43%	0.39x	$4.78 Million
HSS Engineers Bhd (0185)	$212.92 Million	-48.30%	0.77x	$65.75 Million
Cabnet Holdings Bhd (0191)	$47.04 Million	10.04%	0.23x	$9.87 Million
Inta Bina Group Bhd (0192)	$146.80 Million	8.03%	1.63x	$59.42 Million

About Sand Nisko Capital Bhd

KLSE:7943 Malaysia Engineering & Construction

Market Cap

$42.87 Million

RM170.76 Million MYR

Market Cap Rank

#22597 Global

#511 in Malaysia

Share Price

RM0.19

Change (1 day)

+0.00%

52-Week Range

RM0.10 - RM0.25

All Time High

RM1.53