West River Berhad IPO Analysis

West River Berhad

West River is an investment holding company and through its subsidiaries, the Group provide mechanical & electrical ("M&E") engineering service and principally involved in the provision of electrical engineering and ACMV (air-conditioning and mechanical ventilation) and provision of green building solutions. The Group also manufacture electrical panels and distribution boards, primarily to support its M&E engineering services projects and sale to third party.

Detailed Information

SC Shariah Status Yes

Prospectus Date April 2025

Listing Date May 2025

IPO Allocation Shares

Allocation	Shares	%
Malaysian Public
Eligible Persons
MITI
Private Placement

Income Statement

	31/12/2021	31/12/2022	31/12/2023	% Growth
Revenue
Other Income
Interest Income
Profit After Tax
PAT Margin %

Balance Sheet

	31/12/2021	31/12/2022	31/12/2023	% Growth
Non-current Assets
Current Assets
Non Current Liabilities
Current Liabilities
Deferred Liabilities
Total Assets
Total Liabilities

Capital & Reserves

	31/12/2021	31/12/2022	31/12/2023	% Growth
Share Capital
Retained Earnings
Reserves
Working Capital
Shareholder Fund

Ratio

0 = Lowest | 5 = Highest

	31/12/2021	Score	31/12/2022	Score	31/12/2023	Score	% Growth
Current Ratio (Liquidity)
Debt Ratio (Leverage)
Gearing Ratio (Leverage)
Return on Capital Employed
Total Assets Turnover

Altman-Z

31/12/2021	31/12/2022	31/12/2023	Overall weighted score

P/E Comparison

Company P/E ratio

Peers	P/E

Summary Checklist

Checklist	Remarks
Principal activities
Segments
Principal market
Roles
Type of properties
Competitive strengths
Business strategies
Revenue

This section is only for Sharlife subscribers only.

Go to pricing page