V.S. Industry Bhd.

V.S. Industry Bhd.

MMYX:VS
0.33
MYR
-0.01
(-4.35%)
136.30P/E
Dec 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.51
0.76
0.75
0.75
1.08
1.26
1.12
0.88
1.07
1.03
1.19
1.11
0.98
0.91
Basic EPS, GAAP
0.02
0.02
0.05
0.04
0.05
0.05
0.05
0.03
0.07
0.04
0.05
0.06
0.01
-0.02
Free Cash Flow per Basic Share
-0.01
- -
- -
0.02
-0.02
- -
0.03
0.05
-0.03
-0.07
0.08
0.04
0.09
0.09
Dividend per Share
0.01
- -
0.02
0.02
0.02
0.02
0.02
0.01
0.03
0.02
0.02
0.02
0.02
- -
Book Value per Share
0.21
0.23
0.27
0.3
0.36
0.43
0.44
0.46
0.54
0.54
0.56
0.59
0.56
0.53
Tangible Book Value per Share
0.17
0.19
0.24
0.27
0.32
0.4
0.42
0.46
0.54
0.54
0.56
0.59
0.56
0.53
Basic Weighted Avg Shares
2,265
2,269
2,577
2,903
3,027
3,252
3,566
3,698
3,724
3,818
3,841
3,840
3,864
3,854
Sales/Revenue/Turnover
1,164
1,715
1,937
2,176
3,281
4,101
3,978
3,243
4,002
3,914
4,555
4,248
3,788
3,511
Operating Margin (%)
2.65
3.38
9.09
7.09
7.44
5.03
5.1
4.97
8.42
5.52
6.41
6.75
2.52
-1.01
Depreciation Expense
33
59
61
69
75
79
97
92
101
119
120
126
127
137
Net Income, GAAP
44
54
133
118
156
151
165
116
245
171
179
246
37
-65
Effective Tax Rate (%)
19.17
- -
21.43
26.52
29.44
21.97
34.3
31.87
26.59
26.45
29.22
27.44
56.03
37.78
Profit Margin (%)
3.77
3.13
6.85
5.42
4.76
3.68
4.16
3.59
6.13
4.36
3.93
5.79
0.97
-1.85
Working Capital
95
122
321
336
422
641
804
887
1,032
1,104
1,668
1,743
1,305
1,163
LT Debt
151
140
123
92
119
94
77
52
112
150
585
576
383
361
Total Equity
597
641
980
1,066
1,295
1,661
1,784
1,877
2,218
2,220
2,279
2,293
2,151
2,041
Return on Invested Capital (%)
3.3
- -
11.23
7.83
9.82
7.42
5.85
4.96
10.2
5.76
6.86
6.52
1.36
- -
Return on Capital (%)
6.91
- -
12.38
9.87
9.78
8.63
10.05
6.37
10.7
7.23
7.18
8.97
1.91
2.31
Return on Common Equity (%)
9.87
10.66
20.37
14.23
16.03
12.04
10.87
7.03
13.09
8.31
8.48
11.08
1.65
-3.07

Capital Structure

MYR

•

in mil. unless spec.
Oct'26
Jan'26
Apr'26
ST Debt
282
225
198
LT Borrowings
323
317
314
LT Finance Leases
49
47
48
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,855
3,855
3,855
Market Capitalization
1,908
1,619
809

Working Capital

MYR

•

in mil. unless spec.
Oct'26
Jan'26
Apr'26
Total Current Assets
2,339
2,086
2,107
Cash, Cash Equivalents & STI
753
712
706
Accounts Receivable, Net
1,008
842
807
Inventories
437
426
481
Total Current Liabilities
1,041
895
944
Payables & Accruals
- -
- -
- -
ST Debt
282
225
198
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.65%
3.08%
-6.16%
Free Cash Flow
-22.9%
-31.49%
92.63%
Net Income, GAAP
3.54%
7.49%
-85.08%
Sales/Revenue/Turnover
8.67%
4%
-10.83%
Total Cash Common Dividend
11.36%
18.28%
0.65%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,140
884
1,010
1,213
4,248
2025
1,111
909
909
859
3,788
2026
1,079
770
804
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
0.01
0.03
0.06
2025
0.01
- -
0.01
-0.01
0.01
2026
0.01
-0.01
-0.01
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

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

Company Description

CEO
Sem Yam Gan
Full Time Employees
11,479
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
No. 88, Jalan I-Park SAC 5 Senai HO Malaysia 81400
IPO Date
Jun 15, 1998
Website
vs-i.com
Business
V.S. Industry Berhad is a Malaysian investment holding company primarily engaged in the manufacturing, assembling, and selling of electronic and electrical products, as well as plastic molded components and parts. The company operates as an integrated Electronics Manufacturing Services (EMS) provider offering comprehensive manufacturing solutions including product design services; mold design and fabrication; printed circuit board assembly (PCBA); electronics and mechanical manufacturing; plastic injection and finishing processing; final assembly, box build, and testing services; and supply chain management. Its core services cover original equipment manufacturing (OEM) and original design manufacturing (ODM) across multiple industries such as audio, computers, telecommunications, automotive, and household electrical and electronic products. Additionally, V.S. Industry Berhad is involved in design and fabrication of tools and molds, manufacturing of screen fabric printing components, filter components, healthcare product design and sales, electronic product trading, and provision of hostel management, treasury, and financing services. The company operates primarily in Malaysia but has a global footprint including the United States, Indonesia, Europe, China, and Singapore. Founded in 1982 and headquartered in Senai, Malaysia, V.S. Industry Berhad is listed on the Main Market of Bursa Malaysia Securities Berhad since 1998. The company has developed strong vertical integration capabilities with in-house development of several manufacturing processes, enhancing efficiency and cost competitiveness. Recently, V.S. Industry Berhad completed renovation of a new production facility in the Philippines adopting an asset-light strategy with rented factory spaces, benefiting from a five-year tax exemption, which enables faster setup and capital efficiency. The group has also progressed with several new model productions from existing key customers, along with ongoing value chain enhancement initiatives to improve operational efficiency and drive growth. Despite temporary inventory adjustments in Indonesia, this market remains strategically important for the group. Notable recent developments include securing new customer models in the United States market, expanding production capacity with dedicated factory space, and acquiring additional land for expansion. The company has also focused on operational agility and strategic capital deployment with a solid financial base, aiming to optimize investment returns and better serve customers across diverse markets. The firm continues to pursue collaborative opportunities with existing customers and looks to capitalize on cross-selling its expanded capabilities regionally, while maintaining strong technical proficiency and a broad product range in consumer electric products and other sectors. Overall, V.S. Industry Berhad stands as a leading integrated EMS corporation with vertically integrated manufacturing services covering tooling, plastic injection molding, PCBA, assembly, quality assurance, logistics, and fulfillment services, positioning itself as a reputable partner for global multinational corporations in the electronics manufacturing industry. This description incorporates the latest company profile, business operations, product and service details, geographic outreach, and recent strategic and operational changes up to 2025.