Index International Group Public Company Limited
Index International Group Public Company Limited operates as an engineering consultancy services in Thailand. It provides a range of services, such as project planning; city and district planning; architectural design that includes landscaping and architecture; and engineering design comprising structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water re… Read more
Index International Group Public Company Limited (IND) - Net Assets
Latest net assets as of September 2025: ฿524.94 Million THB
Based on the latest financial reports, Index International Group Public Company Limited (IND) has net assets worth ฿524.94 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.10 Billion) and total liabilities (฿577.69 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 | ฿524.94 Million |
| % of Total Assets | 47.61% |
| Annual Growth Rate | 27.79% |
| 5-Year Change | 30.96% |
| 10-Year Change | N/A |
| Growth Volatility | 30.86 |
Index International Group Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Index International Group Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Index International Group Public Company Limited (2016–2024)
The table below shows the annual net assets of Index International Group Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿471.79 Million | +14.59% |
| 2023-12-31 | ฿411.73 Million | +1.31% |
| 2022-12-31 | ฿406.42 Million | +7.24% |
| 2021-12-31 | ฿378.99 Million | +5.20% |
| 2020-12-31 | ฿360.26 Million | +88.88% |
| 2019-12-31 | ฿190.73 Million | +19.72% |
| 2018-12-31 | ฿159.31 Million | +72.11% |
| 2017-12-31 | ฿92.56 Million | +39.50% |
| 2016-12-31 | ฿66.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Index International Group Public Company Limited'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 22905366600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿167.68 Million | 35.54% |
| Other Components | ฿304.11 Million | 64.46% |
| Total Equity | ฿471.79 Million | 100.00% |
Index International Group Public Company Limited Competitors by Market Cap
The table below lists competitors of Index International Group Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
0O45
LSE:0O45
|
$5.66 Million |
|
Ewon Comfortech Co. Ltd
KQ:088290
|
$5.66 Million |
|
VC Inc.
KQ:365900
|
$5.67 Million |
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$5.67 Million |
|
WCM BETEILIGUNG
HM:WCMK
|
$5.66 Million |
|
Bluesky Digital Assets Corp
OTCQB:BTCWF
|
$5.66 Million |
|
Crescent NV
BR:OPTI
|
$5.66 Million |
|
Solusi Bangun Indonesia Tbk PT
JK:SMCB
|
$5.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Index International Group Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 411,726,609 to 471,790,031, a change of 60,063,422 (14.6%).
- Net income of 57,888,660 contributed positively to equity growth.
- Dividend payments of 5,249,903 reduced retained earnings.
- Other comprehensive income decreased equity by 45,769,929.
- Other factors increased equity by 53,194,594.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿57.89 Million | +12.27% |
| Dividends Paid | ฿5.25 Million | -1.11% |
| Other Comprehensive Income | ฿-45.77 Million | -9.7% |
| Other Changes | ฿53.19 Million | +11.28% |
| Total Change | ฿- | 14.59% |
Book Value vs Market Value Analysis
This analysis compares Index International Group Public Company Limited'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: 0.86x
- 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 decreased from 6.12x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿0.19 | ฿1.16 | x |
| 2017-12-31 | ฿0.26 | ฿1.16 | x |
| 2018-12-31 | ฿0.46 | ฿1.16 | x |
| 2019-12-31 | ฿0.54 | ฿1.16 | x |
| 2020-12-31 | ฿1.62 | ฿1.16 | x |
| 2021-12-31 | ฿1.08 | ฿1.16 | x |
| 2022-12-31 | ฿1.16 | ฿1.16 | x |
| 2023-12-31 | ฿1.18 | ฿1.16 | x |
| 2024-12-31 | ฿1.35 | ฿1.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Index International Group Public Company Limited 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): 12.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.29%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.15x
- Recent ROE (12.27%) is below the historical average (15.65%), 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 | 4.60% | 0.89% | 0.79x | 6.56x | ฿-3.59 Million |
| 2017 | 46.68% | 3.70% | 1.76x | 7.18x | ฿33.95 Million |
| 2018 | 40.84% | 3.93% | 2.40x | 4.34x | ฿49.13 Million |
| 2019 | 16.58% | 4.10% | 1.31x | 3.08x | ฿12.55 Million |
| 2020 | 4.94% | 3.10% | 0.79x | 2.01x | ฿-18.24 Million |
| 2021 | 3.76% | 3.05% | 0.70x | 1.77x | ฿-23.64 Million |
| 2022 | 7.98% | 5.33% | 0.79x | 1.90x | ฿-8.21 Million |
| 2023 | 3.25% | 1.76% | 1.04x | 1.77x | ฿-27.81 Million |
| 2024 | 12.27% | 7.29% | 0.78x | 2.15x | ฿10.71 Million |
Industry Comparison
This section compares Index International Group Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,635,753,561
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Index International Group Public Company Limited (IND) | ฿524.94 Million | 4.60% | 1.10x | $5.66 Million |
| AMR Asia Public Company Limited (AMR) | $885.39 Million | -12.37% | 0.82x | $2.67 Million |
| Asia Precision Public Company Limited (APCS) | $809.04 Million | -8.74% | 0.50x | $12.58 Million |
| CAZ (Thailand) Public Company Limited (CAZ) | $77.07 Million | 19.04% | 2.60x | $4.97 Million |
| Civil Engineering PCL (CIVIL) | $772.10 Million | 24.95% | 7.45x | $4.32 Million |
| CH. Karnchang PCL (CK) | $25.83 Billion | 9.66% | 2.23x | $492.20 Million |
| CH. Karnchang Public Company Limited (CK-R) | $4.32 Billion | 6.60% | 2.55x | $521.92 Million |
| Christiani & Nielsen (Thai) Public Company Limited (CNT) | $1.24 Billion | 0.31% | 1.70x | $8.20 Million |
| Chiangmai Rimdoi Public Company Limited (CRD) | $356.04 Million | -4.00% | 2.34x | $1.70 Million |
| Demco Public Company Limited (DEMCO) | $1.05 Billion | 8.50% | 0.87x | $19.24 Million |
| EMC Public Company Limited (EMC) | $1.02 Billion | 9.69% | 0.99x | $3.14 Million |