1. Malaysia Stocks

  2. •

    Industrials

  3. •

    Manufacturing - Metal Fabrication
Malaysia Smelting Corp. Bhd.

Malaysia Smelting Corp. Bhd.

5916.KL
Malaysia Smelting Corp. Bhd.MY flagMalaysian Stock Exchange
1.84
MYR
-0.02
- -
1.55BMarket Cap
Malaysia Smelting Corp. Bhd.
5916.KL
(Malaysian Stock Exchange)

Recent

price

1.84

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.56
3.87
2.73
1.98
2.39
1.83
1.85
1.8
1.6
1.23
1.02
1.29
1.79
1.71
2.01
2.09
2.2
Revenue per Share
-0.17
0.08
-0.22
0.02
-0.01
-0.01
0.04
0.02
0.04
0.04
0.02
0.14
0.12
0.1
0.09
0.1
0.14
Basic EPS, GAAP
0.05
0.19
0.03
0.02
0.01
-0.04
- -
-0.15
0.07
0.04
-0.15
- -
0.27
0.18
0.08
0.07
-0.04
Free Cash Flow per Basic Share
- -
0.01
0.02
- -
- -
- -
- -
0.01
- -
0.01
0.01
- -
0.04
0.07
0.16
0.08
0.04
Dividend per Share
0.4
0.39
0.16
0.18
0.17
0.16
0.21
0.31
0.42
0.46
0.46
0.63
0.81
0.84
0.79
0.82
0.87
Book Value per Share
0.49
0.56
0.24
0.22
0.28
0.29
0.34
0.36
0.43
0.46
0.49
0.69
0.76
0.8
0.75
0.79
1.01
Tangible Book Value per Share
600
800
800
800
800
800
800
800
800
800
800
834
840
840
840
840
840
Basic Weighted Avg Shares
2,739
3,099
2,186
1,582
1,915
1,465
1,478
1,436
1,281
984
813
1,077
1,504
1,436
1,692
1,759
1,846
Sales/Revenue/Turnover
2.16
4.25
3.34
6.32
3.89
4.96
6.35
2.88
5.32
5.84
6.41
18.67
9.65
8.46
8.3
7.96
10.67
Operating Margin (%)
30
14
18
8
8
9
11
15
17
19
17
12
11
13
14
15
- -
Depreciation Expense
-100
61
-172
17
-10
-5
34
16
34
31
15
118
98
85
79
82
117
Net Income, GAAP
- -
37.83
64.69
32.29
49.64
248.24
30.65
42.96
31.11
31.3
39.43
25.18
29.36
24.42
29.14
30.34
22.28
Effective Tax Rate (%)
-3.66
1.95
-7.88
1.06
-0.52
-0.33
2.32
1.12
2.68
3.12
1.86
10.97
6.54
5.92
4.69
4.66
6.35
Profit Margin (%)
30
119
-61
-12
50
33
114
77
159
203
192
345
437
456
392
396
436
Working Capital
82
38
8
25
5
- -
50
- -
49
77
54
44
73
47
32
18
15
LT Debt
297
451
198
181
234
241
279
291
348
369
393
581
777
816
776
802
851
Total Equity
- -
7.96
3.09
11.54
6.78
-18.01
10.34
3.44
6.43
5.49
3.94
14.87
9.02
7.94
8.51
8.31
12.26
Return on Invested Capital (%)
- -
8.4
-14.06
6.24
-0.43
-5.09
8.39
4.07
6.65
5.92
3.23
13.53
10.15
7.8
7.04
7.3
9.36
Return on Capital (%)
-33.49
21.96
-78.06
12.19
-7
-3.59
23.24
7.83
11.69
8.71
4.12
26.39
16.33
12.25
11.56
12.12
16.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
408
366
449
LT Borrowings
18
14
11
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
840
840
840
Market Capitalization
1,117
1,344
1,571

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
955
1,008
1,138
Cash, Cash Equivalents & STI
167
226
195
Accounts Receivable, Net
54
10
1
Inventories
680
679
731
Total Current Liabilities
591
612
702
Payables & Accruals
- -
- -
- -
ST Debt
408
366
449
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.71%
16.99%
3.4%
Free Cash Flow
1,125.65%
1,579.2%
-10.36%
Net Income, GAAP
-17.24%
128.98%
3.21%
Sales/Revenue/Turnover
3.61%
17.86%
3.97%
Total Cash Common Dividend
- -
150.96%
-51.61%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
362
411
470
448
1,692
2025
370
379
530
481
1,759
2026
457
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.04
0.09
2025
0.01
0.02
0.02
0.05
0.1
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.12
0.16
2025
- -
- -
0.04
- -
0.08
2026
- -
- -
- -
- -
- -
Similar Companies
Krishca Strapping Solutions Ltd. (KRISHCA.NS)
Jisheng Group Holdings Limited (8133.HK)
CompoSecure, Inc. (CMPO)
Mayville Engineering Company, Inc. (MEC)
APEX Wind Power Equipment Manufacturing (7702.TWO)
Elmet Group Co. (ELMT)
Business
Malaysia Smelting Corporation Berhad Malaysia Smelting Corporation Berhad is a Malaysia-based investment holding company primarily engaged in the smelting of tin concentrates and tin-bearing materials; the production, sale, and delivery of refined tin metal and by-products under the MSC Straits Refined brand registered on the London Metal Exchange and Kuala Lumpur Tin Market; tin mining through subsidiaries such as Rahman Hydraulic Tin Sdn. Bhd.; and investments in other metal and mineral resource companies, along with tin warehousing, property holding, and rental activities. The company offers various grades of refined tin metal, including standard Grade A (99.85% Sn) and premium electrolytic tin (99.99% Sn), produced via its efficient top submerged lance (TSL) furnace, crystallizers, electrolysis plants, and vacuum distillation units at its key Butterworth facility, one of the world's largest custom smelting operations established in 1902. It operates in three main segments—Tin Smelting, Tin Mining, and Others—serving global end-user markets with products sold on major exchanges, while maintaining an open-pit eluvial tin mine in Malaysia. Founded in 1887 and headquartered in Port Klang, Malaysia, the company traces its smelting origins to 1902 in Butterworth and was formally incorporated in 1955 to take over predecessor tin smelting businesses, with subsidiaries including MSC Properties Sdn. Bhd., M Smelt (C) Sdn. Bhd., Asas Baiduri Sdn. Bhd., and SL Tin Sdn. Bhd. Geographically, Malaysia Smelting Corporation Berhad focuses operations primarily in Malaysia, with its refined tin accepted worldwide across industries such as electronics, soldering, chemicals, and plating. Recent developments include the announcement of structured warrants listed under the stock name MSC-CT to enhance shareholder value; a proposed bonus issue of new shares without cash payment; and sustained Q2 2025 earnings of RM13.9 million despite revenue pressures, alongside quarterly results for the period ended September 30, 2025, and an interim dividend declaration with notice of book closure, reflecting ongoing strategic focus on core tin operations amid market fluctuations.