Indospring Tbk
PT Indospring Tbk manufactures and sells leaf and coil springs to the automotive industry. It also offers automotive stabilizer bars. The company was founded in 1978 and is based in Gresik, Indonesia. PT Indospring Tbk is a subsidiary of PT Indoprima Gemilang.
Indospring Tbk (INDS) - Net Assets
Latest net assets as of September 2025: Rp3.54 Trillion IDR
Based on the latest financial reports, Indospring Tbk (INDS) has net assets worth Rp3.54 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp4.43 Trillion) and total liabilities (Rp894.60 Billion). 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 | Rp3.54 Trillion |
| % of Total Assets | 79.82% |
| Annual Growth Rate | 21.85% |
| 5-Year Change | 37.17% |
| 10-Year Change | 83.26% |
| Growth Volatility | 40.19 |
Indospring Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Indospring Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indospring Tbk (2000–2024)
The table below shows the annual net assets of Indospring Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp3.52 Trillion | +0.74% |
| 2023-12-31 | Rp3.49 Trillion | +17.05% |
| 2022-12-31 | Rp2.98 Trillion | +12.02% |
| 2021-12-31 | Rp2.66 Trillion | +3.85% |
| 2020-12-31 | Rp2.56 Trillion | -0.33% |
| 2019-12-31 | Rp2.57 Trillion | +17.23% |
| 2018-12-31 | Rp2.19 Trillion | +2.30% |
| 2017-12-31 | Rp2.14 Trillion | +3.71% |
| 2016-12-31 | Rp2.07 Trillion | +7.77% |
| 2015-12-31 | Rp1.92 Trillion | +5.29% |
| 2014-12-31 | Rp1.82 Trillion | +3.98% |
| 2013-12-31 | Rp1.75 Trillion | +54.22% |
| 2012-12-31 | Rp1.14 Trillion | +79.77% |
| 2011-12-31 | Rp632.25 Billion | +179.32% |
| 2010-12-31 | Rp226.35 Billion | +36.61% |
| 2009-12-31 | Rp165.69 Billion | +52.29% |
| 2008-12-31 | Rp108.80 Billion | +37.99% |
| 2007-12-31 | Rp78.84 Billion | +14.34% |
| 2006-12-31 | Rp68.96 Billion | +3.25% |
| 2005-12-31 | Rp66.78 Billion | -9.12% |
| 2004-12-31 | Rp73.48 Billion | +1.87% |
| 2003-12-31 | Rp72.14 Billion | +5.15% |
| 2002-12-31 | Rp68.60 Billion | +82.93% |
| 2001-12-31 | Rp37.50 Billion | +22.42% |
| 2000-12-31 | Rp30.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indospring Tbk'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 112941606700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.13 Trillion | 33.61% |
| Common Stock | Rp656.25 Billion | 19.53% |
| Other Comprehensive Income | Rp1.55 Trillion | 46.12% |
| Other Components | Rp24.97 Billion | 0.74% |
| Total Equity | Rp3.36 Trillion | 100.00% |
Indospring Tbk Competitors by Market Cap
The table below lists competitors of Indospring Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia Technology Co Ltd
KQ:050860
|
$18.98 Million |
|
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS
IS:ORMA
|
$19.00 Million |
|
ANGLER GAMING PLC EO -01
F:0QM
|
$19.00 Million |
|
Allakos Inc
NASDAQ:ALLK
|
$19.00 Million |
|
Black Hawk Acquisition Corporation Units
NASDAQ:BKHAU
|
$18.97 Million |
|
Heranba Industries Limited
NSE:HERANBA
|
$18.97 Million |
|
Neofect Co.Ltd
KQ:290660
|
$18.96 Million |
|
Haatz Inc
KQ:066130
|
$18.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indospring Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,348,925,349,593 to 3,360,495,964,000, a change of 11,570,614,407 (0.3%).
- Net income of 69,599,052,000 contributed positively to equity growth.
- Dividend payments of 69,300,235,000 reduced retained earnings.
- Other comprehensive income increased equity by 7,114,976,098.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp69.60 Billion | +2.07% |
| Dividends Paid | Rp69.30 Billion | -2.06% |
| Other Comprehensive Income | Rp7.11 Billion | +0.21% |
| Other Changes | Rp4.16 Billion | +0.12% |
| Total Change | Rp- | 0.35% |
Book Value vs Market Value Analysis
This analysis compares Indospring Tbk'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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.31x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | Rp1702.20 | Rp535.00 | x |
| 2012-12-31 | Rp2112.37 | Rp535.00 | x |
| 2013-12-31 | Rp2665.62 | Rp535.00 | x |
| 2014-12-31 | Rp2761.31 | Rp535.00 | x |
| 2015-12-31 | Rp2905.54 | Rp535.00 | x |
| 2016-12-31 | Rp3131.43 | Rp535.00 | x |
| 2017-12-31 | Rp325.26 | Rp535.00 | x |
| 2018-12-31 | Rp3328.44 | Rp535.00 | x |
| 2019-12-31 | Rp3900.32 | Rp535.00 | x |
| 2020-12-31 | Rp3887.53 | Rp535.00 | x |
| 2021-12-31 | Rp4040.91 | Rp535.00 | x |
| 2022-12-31 | Rp4339.74 | Rp535.00 | x |
| 2023-12-31 | Rp5103.13 | Rp535.00 | x |
| 2024-12-31 | Rp512.08 | Rp535.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indospring Tbk 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): 2.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.20%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.27x
- Recent ROE (2.07%) is below the historical average (12.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 16.87% | 3.30% | 0.69x | 7.40x | Rp2.58 Billion |
| 2002 | 45.17% | 14.46% | 0.76x | 4.13x | Rp24.05 Billion |
| 2003 | 6.22% | 2.07% | 0.79x | 3.80x | Rp-2.72 Billion |
| 2006 | 3.15% | 0.56% | 0.80x | 7.13x | Rp-4.71 Billion |
| 2007 | 12.56% | 1.75% | 0.94x | 7.61x | Rp2.02 Billion |
| 2008 | 29.29% | 3.30% | 1.05x | 8.45x | Rp20.96 Billion |
| 2009 | 35.49% | 8.16% | 1.16x | 3.75x | Rp42.21 Billion |
| 2010 | 31.43% | 6.92% | 1.33x | 3.40x | Rp48.49 Billion |
| 2011 | 19.08% | 9.73% | 1.08x | 1.81x | Rp57.22 Billion |
| 2012 | 11.78% | 9.02% | 0.89x | 1.47x | Rp20.17 Billion |
| 2013 | 8.39% | 8.59% | 0.78x | 1.26x | Rp-28.03 Billion |
| 2014 | 6.99% | 6.78% | 0.82x | 1.26x | Rp-54.54 Billion |
| 2015 | 0.05% | 0.06% | 0.65x | 1.34x | Rp-189.73 Billion |
| 2016 | 2.42% | 3.04% | 0.66x | 1.21x | Rp-155.75 Billion |
| 2017 | 5.32% | 5.77% | 0.81x | 1.14x | Rp-99.81 Billion |
| 2018 | 5.08% | 4.63% | 0.97x | 1.14x | Rp-107.36 Billion |
| 2019 | 3.93% | 4.81% | 0.74x | 1.11x | Rp-155.32 Billion |
| 2020 | 2.31% | 3.62% | 0.58x | 1.11x | Rp-196.20 Billion |
| 2021 | 5.98% | 6.00% | 0.84x | 1.19x | Rp-106.57 Billion |
| 2022 | 7.38% | 5.77% | 0.94x | 1.36x | Rp-74.59 Billion |
| 2023 | 5.46% | 4.81% | 0.85x | 1.33x | Rp-151.96 Billion |
| 2024 | 2.07% | 2.20% | 0.74x | 1.27x | Rp-266.45 Billion |
Industry Comparison
This section compares Indospring Tbk's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,465,725,275,179
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indospring Tbk (INDS) | Rp3.54 Trillion | 16.87% | 0.25x | $18.97 Million |
| PT. Anugerah Spareparts Sejahtera Tbk (AEGS) | $67.94 Billion | 1.42% | 0.09x | $1.01 Million |
| Astra Otoparts Tbk (AUTO) | $2.79 Trillion | 20.28% | 0.43x | $155.83 Million |
| Dharma Polimetal Tbk PT (DRMA) | $391.82 Billion | 31.68% | 2.43x | $54.80 Million |
| Goodyear Indonesia Tbk (GDYR) | $296.73 Billion | 0.27% | 2.45x | $3.31 Million |
| Gajah Tunggal Tbk (GJTL) | $7.23 Trillion | -2.64% | 1.63x | $77.13 Million |
| Kirana Megatara Tbk PT (KMTR) | $2.07 Trillion | 9.41% | 1.48x | $9.92 Million |
| Multi Prima Sejahtera Tbk (LPIN) | $284.02 Billion | 8.24% | 0.09x | $2.10 Million |
| Multistrada Arah Sarana Tbk (MASA) | $336.99 Million | -2.40% | 0.95x | $909.88K |
| PT Cipta Perdana Lancar Tbk (PART) | $63.54 Billion | 25.16% | 2.48x | $4.93 Million |