1. Malaysia Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Wellcall Holdings Berhad

Wellcall Holdings Berhad

7231.KL
Wellcall Holdings BerhadMY flagMalaysian Stock Exchange
1.16
MYR
-0.01
- -
577.62MMarket Cap
Wellcall Holdings Berhad
7231.KL
(Malaysian Stock Exchange)

Recent

price

1.16

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
0.2
0.28
0.31
0.26
0.29
0.32
0.27
0.32
0.34
0.34
0.27
0.32
0.35
0.44
0.42
0.37
0.35
Revenue per Share
0.03
0.03
0.05
0.05
0.06
0.08
0.06
0.07
0.06
0.07
0.06
0.07
0.07
0.11
0.09
0.09
0.08
Basic EPS, GAAP
0.03
0.02
0.06
0.05
0.04
0.02
0.06
0.09
0.07
0.09
0.07
0.07
0.07
0.1
0.08
0.08
0.06
Free Cash Flow per Basic Share
0.04
0.03
0.04
0.05
0.05
0.06
0.06
0.06
0.06
0.06
0.05
0.06
0.07
0.08
0.09
0.08
0.08
Dividend per Share
0.13
0.15
0.16
0.16
0.17
0.19
0.13
0.21
0.22
0.23
0.24
0.26
0.25
0.28
0.29
0.3
0.29
Book Value per Share
0.16
0.16
0.16
0.17
0.17
0.2
0.2
0.21
0.22
0.23
0.24
0.26
0.25
0.28
0.29
0.3
0.29
Tangible Book Value per Share
491
494
497
497
498
498
498
498
498
498
498
498
498
498
498
498
498
Basic Weighted Avg Shares
97
137
154
132
146
158
134
159
171
170
135
157
177
217
209
184
175
Sales/Revenue/Turnover
16.82
16.51
18.61
22.46
24.18
26.92
28.62
28.48
23.63
27.51
27.16
28.24
22.82
32
28.48
30.27
29.2
Operating Margin (%)
3
3
4
3
4
4
6
6
5
5
6
5
5
5
5
6
6
Depreciation Expense
15
15
23
25
29
41
31
36
32
37
29
34
33
55
47
47
39
Net Income, GAAP
8.91
31.4
24.61
24.82
23.88
14.85
21.31
23.78
26.13
25.7
24.36
25.84
25.72
25.73
26.95
23.26
24.47
Effective Tax Rate (%)
15.14
11.2
15.14
18.77
20.13
26.14
23.27
22.91
18.49
21.63
21.76
21.75
18.84
25.45
22.4
25.28
22.33
Profit Margin (%)
48
51
55
58
56
48
52
54
51
60
61
72
78
92
86
61
57
Working Capital
- -
- -
- -
- -
- -
10
14
6
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
77
78
81
83
86
97
98
104
107
116
121
127
125
140
143
151
145
Total Equity
18.73
19.85
26.78
26.42
30.8
34.16
25.36
30.27
27.01
30.61
23.04
26.1
23.35
37.73
29.77
28.83
26.5
Return on Invested Capital (%)
22.51
21.89
30.5
31.19
36.05
42.59
32.58
37.78
29.25
33.04
24.87
27.66
26.55
41.9
33.23
31.77
27.11
Return on Capital (%)
22.25
21.64
30.25
30.98
35.8
46.34
38.88
42.86
29.97
32.87
24.75
27.54
26.45
41.78
33.14
31.7
27.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
498
498
498
Market Capitalization
642
677
617

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'26
Mar'26
Total Current Assets
88
75
69
Cash, Cash Equivalents & STI
57
41
33
Accounts Receivable, Net
15
7
6
Inventories
26
25
28
Total Current Liabilities
27
18
12
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.57%
4.64%
5.42%
Free Cash Flow
31.3%
4.99%
1.48%
Net Income, GAAP
3.91%
12.81%
-0.68%
Sales/Revenue/Turnover
2.59%
7.26%
-11.97%
Total Cash Common Dividend
- -
10.06%
-11.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52
49
51
57
209
2025
49
44
48
43
184
2026
44
39
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.02
0.03
0.02
0.09
2025
0.03
0.02
0.02
0.03
0.09
2026
0.01
0.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.02
0.02
0.02
0.09
2025
0.02
0.02
0.02
0.02
0.08
2026
0.02
0.02
- -
- -
- -
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Business
Wellcall Holdings Berhad (7231.KL) is a Malaysia-based investment holding company principally engaged in the manufacturing and sale of industrial rubber hoses and related products through its subsidiary Wellcall Hose (M) Sdn Bhd. The company offers an extensive range of hoses including fire fighting, lay flat water discharge, washdown, water discharge, water suction and discharge, air, compressed air, hot air, dock, fuel/oil discharge, fuel/oil suction and discharge, low pressure textile braided, low temperature tank truck, oil return, tank truck, LPG, single line welding, twin line welding, air brake, car heater, radiator, air seeder, bulk materials discharge, bulk materials suction and discharge, industrial vacuum, sandblast, chemical discharge, chemical suction and discharge, UHMWPE and XLPE chemical discharge, UHMWPE and XLPE chemical suction and discharge, hoses for fatty and non-fatty foods, marine fuel, wet exhaust, freon gas, multipurpose, and protective cover hoses. These products serve diverse markets such as air and water, oil and gas, bulk material, welding, chemical, food grade, marine, automotive, mining, petroleum, shipbuilding, abrasion, food and beverage, construction, and transportation; approximately 90% of sales are export-driven to over 70 countries including the Middle East, Europe, the United States/Canada, Australia/New Zealand, Asia, South America, and Africa, with oil and gas accounting for 50-60% of revenue. Founded in 1995 and headquartered in Pusing, Perak, Malaysia, the company operates three plants with a total built-up area of 526,000 sq ft and monthly capacity exceeding two million linear metres per shift, emphasizing high-mix low-volume production, customization, and rapid delivery for OEMs and distributors. In recent developments, Wellcall completed line expansions in its third plant to boost mandrel hose capacity by up to 20% and enhance production efficiencies, while pursuing the acquisition of three freehold industrial land parcels in Ipoh for RM32 million to secure a strategic land bank for future growth; it also maintains a defensive expansion strategy amid global market slowdowns, focusing on cost efficiencies, healthy order book visibility of two to three months, and consistent quarterly dividends with a 75% payout in 1QFY2025. The company remains debt-free with a net cash position of RM71.8 million as at December 31, 2024, and reported net profit of RM46.9 million on revenue of RM209.4 million for FY2024 ended September 30, 2024, prioritizing operational prudence and customer retention exceeding 95%.