Industronics Bhd
Industronics Berhad, together with its subsidiaries, engages in the designing, manufacturing, and installation of electronic products in Malaysia and Hong Kong. It operates through three segments: Electronics and System Integration; Security Systems, Mechanical and Electrical Engineering (M&E); and Trading & Services Operations. The Electronics and System Integration segment is involved in the de… Read more
Industronics Bhd (9393) - Net Assets
Latest net assets as of September 2025: RM21.90 Million MYR
Based on the latest financial reports, Industronics Bhd (9393) has net assets worth RM21.90 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM65.19 Million) and total liabilities (RM43.30 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 | RM21.90 Million |
| % of Total Assets | 33.59% |
| Annual Growth Rate | -6.83% |
| 5-Year Change | 134.29% |
| 10-Year Change | -37.59% |
| Growth Volatility | 48.4 |
Industronics Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Industronics 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 Industronics Bhd (2012–2024)
The table below shows the annual net assets of Industronics Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM23.09 Million | -22.13% |
| 2023-12-31 | RM29.66 Million | -25.11% |
| 2022-12-31 | RM39.60 Million | +121.65% |
| 2021-12-31 | RM17.86 Million | +81.25% |
| 2020-12-31 | RM9.86 Million | -33.59% |
| 2019-12-31 | RM14.84 Million | +4.15% |
| 2018-12-31 | RM14.25 Million | -12.62% |
| 2017-12-31 | RM16.31 Million | -33.22% |
| 2016-12-31 | RM24.42 Million | -34.00% |
| 2015-12-31 | RM37.00 Million | -22.92% |
| 2014-12-31 | RM48.00 Million | -29.41% |
| 2013-12-31 | RM68.00 Million | +25.93% |
| 2012-12-31 | RM54.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Industronics 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 637912600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM43.67 Million | 189.13% |
| Total Equity | RM23.09 Million | 100.00% |
Industronics Bhd Competitors by Market Cap
The table below lists competitors of Industronics Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pudjiadi & Sons Tbk
JK:PNSE
|
$2.92 Million |
|
NWP Holdings Bhd
KLSE:5025
|
$2.92 Million |
|
Spring Art Holdings Bhd
KLSE:0216
|
$2.92 Million |
|
Hexicon AB
ST:HEXI
|
$2.92 Million |
|
Solution Engineering Holdings Bhd
KLSE:0093
|
$2.92 Million |
|
TIO
AU:TIO
|
$2.92 Million |
|
Harper Hygienics S.A.
WAR:HRP
|
$2.92 Million |
|
TILT Holdings Inc
OTCQX:TLLTF
|
$2.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Industronics Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,655,340 to 23,092,604, a change of -6,562,736 (-22.1%).
- Net loss of 6,619,172 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-6.62 Million | -28.66% |
| Other Changes | RM56.44K | +0.24% |
| Total Change | RM- | -22.13% |
Book Value vs Market Value Analysis
This analysis compares Industronics 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: 0.92x
- 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 0.13x to 0.92x 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 | RM0.24 | RM0.03 | x |
| 2017-12-31 | RM0.16 | RM0.03 | x |
| 2018-12-31 | RM0.14 | RM0.03 | x |
| 2019-12-31 | RM0.11 | RM0.03 | x |
| 2020-12-31 | RM0.07 | RM0.03 | x |
| 2021-12-31 | RM0.05 | RM0.03 | x |
| 2022-12-31 | RM0.06 | RM0.03 | x |
| 2023-12-31 | RM0.04 | RM0.03 | x |
| 2024-12-31 | RM0.03 | RM0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Industronics 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): -28.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -48.69%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 3.11x
- Recent ROE (-28.66%) is below the historical average (-23.98%), 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 | -52.51% | -43.44% | 0.74x | 1.63x | RM-15.26 Million |
| 2017 | -38.04% | -8.24% | 2.63x | 1.75x | RM-7.83 Million |
| 2018 | -19.02% | -7.08% | 1.69x | 1.59x | RM-4.14 Million |
| 2019 | -15.02% | -14.46% | 0.60x | 1.72x | RM-3.71 Million |
| 2020 | -4.34% | -2.46% | 1.06x | 1.68x | RM-1.41 Million |
| 2021 | -26.62% | -11.78% | 0.73x | 3.09x | RM-6.54 Million |
| 2022 | -17.97% | -12.86% | 0.63x | 2.21x | RM-11.07 Million |
| 2023 | -13.61% | -7.37% | 0.70x | 2.64x | RM-7.00 Million |
| 2024 | -28.66% | -48.69% | 0.19x | 3.11x | RM-8.93 Million |
Industry Comparison
This section compares Industronics Bhd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $246,641,466
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industronics Bhd (9393) | RM21.90 Million | -52.51% | 1.98x | $2.92 Million |
| Scope Industries Bhd (0028) | $161.97 Million | -22.56% | 0.12x | $9.06 Million |
| Notion Vtec Bhd (0083) | $415.95 Million | -1.88% | 0.33x | $27.81 Million |
| K-One Technology Bhd (0111) | $107.39 Million | 5.27% | 0.14x | $12.36 Million |
| JHM Consolidation Bhd (0127) | $124.25 Million | 23.86% | 0.46x | $20.36 Million |
| NationGate Holdings Berhad (0270) | $229.05 Million | 37.23% | 2.33x | $137.28 Million |
| Northeast Group Berhad (0325) | $126.38 Million | 30.12% | 0.36x | $25.41 Million |
| GUH Holdings Bhd (3247) | $468.54 Million | -3.44% | 0.27x | $7.42 Million |
| Cape EMS Berhad (5311) | $455.16 Million | 9.75% | 0.70x | $36.05 Million |
| CPE Technology Berhad (5317) | $328.16 Million | 7.15% | 0.08x | $25.76 Million |
| PNE PCB Bhd (6637) | $49.56 Million | -32.04% | 0.85x | $2.21 Million |