Ghandhara Tyre and Rubber Company Ltd
Ghandhara Tyre and Rubber Company Ltd operates in Automotive Parts & Equipment.
Ghandhara Tyre and Rubber Company Ltd (GTYR) - Net Assets
Latest net assets as of March 2024: PKRs5.96 Billion PKR
Based on the latest financial reports, Ghandhara Tyre and Rubber Company Ltd (GTYR) has net assets worth PKRs5.96 Billion PKR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs19.06 Billion) and total liabilities (PKRs13.10 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 | PKRs5.96 Billion |
| % of Total Assets | 31.28% |
| Annual Growth Rate | 10.02% |
| 5-Year Change | 72.23% |
| 10-Year Change | N/A |
| Growth Volatility | 20.6 |
Ghandhara Tyre and Rubber Company Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Ghandhara Tyre and Rubber Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ghandhara Tyre and Rubber Company Ltd (2016–2023)
The table below shows the annual net assets of Ghandhara Tyre and Rubber Company Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs5.75 Billion | +49.66% |
| 2022-06-30 | PKRs3.84 Billion | +9.36% |
| 2021-06-30 | PKRs3.52 Billion | +19.00% |
| 2020-06-30 | PKRs2.95 Billion | -11.57% |
| 2019-06-30 | PKRs3.34 Billion | -6.45% |
| 2018-06-30 | PKRs3.57 Billion | -5.93% |
| 2017-06-30 | PKRs3.80 Billion | +28.71% |
| 2016-06-30 | PKRs2.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ghandhara Tyre and Rubber Company Ltd'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | PKRs5.75 Billion | 100.00% |
| Total Equity | PKRs5.75 Billion | 100.00% |
Ghandhara Tyre and Rubber Company Ltd Competitors by Market Cap
The table below lists competitors of Ghandhara Tyre and Rubber Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invitro International
OTCQB:IVRO
|
$816.93 |
|
AGROWILL GROUP
MU:W9Z
|
$817.17 |
|
Quality Hospitality Leasehold Property Fund
BK:QHOP
|
$817.98 |
|
Malvern International
LSE:MLVN
|
$820.81 |
|
Marquie Group Inc
PINK:TMGI
|
$816.52 |
|
CPPGroup Plc
LSE:CPP
|
$815.98 |
|
Petrolera Pampa S.A
BA:PETR
|
$815.46 |
|
PTX Metals Inc.
OTCQB:PANXD
|
$814.56 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ghandhara Tyre and Rubber Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,844,533,000 to 5,753,877,000, a change of 1,909,344,000 (49.7%).
- Net loss of 167,364,000 reduced equity.
- Dividend payments of 365,930,000 reduced retained earnings.
- Other factors increased equity by 2,442,638,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs-167.36 Million | -2.91% |
| Dividends Paid | PKRs365.93 Million | -6.36% |
| Other Changes | PKRs2.44 Billion | +42.45% |
| Total Change | PKRs- | 49.66% |
Book Value vs Market Value Analysis
This analysis compares Ghandhara Tyre and Rubber Company Ltd'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: 0.51x
- 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 0.77x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs31.13 | PKRs24.00 | x |
| 2018-06-30 | PKRs29.29 | PKRs24.00 | x |
| 2019-06-30 | PKRs27.40 | PKRs24.00 | x |
| 2020-06-30 | PKRs24.23 | PKRs24.00 | x |
| 2021-06-30 | PKRs28.83 | PKRs24.00 | x |
| 2022-06-30 | PKRs31.53 | PKRs24.00 | x |
| 2023-06-30 | PKRs47.19 | PKRs24.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ghandhara Tyre and Rubber Company Ltd 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): -2.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.11%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 3.18x
- Recent ROE (-2.91%) is below the historical average (11.67%), 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 | 35.00% | 10.89% | 1.39x | 2.31x | PKRs737.33 Million |
| 2017 | 23.22% | 9.14% | 1.12x | 2.27x | PKRs501.76 Million |
| 2018 | 20.04% | 6.07% | 1.10x | 2.99x | PKRs358.43 Million |
| 2019 | 3.68% | 1.17% | 0.84x | 3.73x | PKRs-211.20 Million |
| 2020 | -11.24% | -3.78% | 0.74x | 4.02x | PKRs-627.52 Million |
| 2021 | 16.29% | 4.11% | 0.99x | 3.99x | PKRs221.09 Million |
| 2022 | 9.26% | 1.92% | 1.16x | 4.18x | PKRs-28.39 Million |
| 2023 | -2.91% | -1.11% | 0.82x | 3.18x | PKRs-742.75 Million |
Industry Comparison
This section compares Ghandhara Tyre and Rubber Company Ltd's net assets metrics with peer companies in the Automobiles & Auto Parts industry.
Industry Context
- Industry: Automobiles & Auto Parts
- Average net assets among peers: $21,336,909,400
- Average return on equity (ROE) among peers: 11.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ghandhara Tyre and Rubber Company Ltd (GTYR) | PKRs5.96 Billion | 35.00% | 2.20x | $816.87 |
| Agriauto Industries Ltd (AGIL) | $5.11 Billion | -2.12% | 0.21x | $4.62K |
| Atlas Honda Ltd (ATLH) | $22.78 Billion | 21.97% | 2.07x | $48.14K |
| Ghandhara Industries Ltd (GHNI) | $8.22 Billion | 2.18% | 1.01x | $21.69K |
| Honda Atlas Cars (Pakistan) Ltd (HCAR) | $16.56 Billion | 4.12% | 0.92x | $5.27K |
| Indus Motor Company Ltd (INDU) | $54.01 Billion | 29.26% | 2.96x | $61.58K |