Britannia Industries Limited (BRITANNIA) - Net Assets
Based on the latest financial reports, Britannia Industries Limited (BRITANNIA) has net assets worth Rs51.36 Billion INR (≈ $555.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs97.32 Billion ≈ $1.05 Billion USD) and total liabilities (Rs45.96 Billion ≈ $497.05 Million USD). 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. Check BRITANNIA strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs51.36 Billion |
| % of Total Assets | 52.77% |
| Annual Growth Rate | 12.37% |
| 5-Year Change | 98.63% |
| 10-Year Change | 90.29% |
| Growth Volatility | 26.8 |
Britannia Industries Limited - Net Assets Trend (2005–2026)
This chart illustrates how Britannia Industries Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Britannia Industries Limited (BRITANNIA) market capitalisation.
Annual Net Assets for Britannia Industries Limited (2005–2026)
The table below shows the annual net assets of Britannia Industries Limited from 2005 to 2026. Also explore BRITANNIA net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs51.36 Billion ≈ $555.43 Million |
+17.22% |
| 2025-03-31 | Rs43.81 Billion ≈ $473.82 Million |
+10.47% |
| 2024-03-31 | Rs39.66 Billion ≈ $428.91 Million |
+11.26% |
| 2023-03-31 | Rs35.65 Billion ≈ $385.49 Million |
+37.86% |
| 2022-03-31 | Rs25.86 Billion ≈ $279.62 Million |
-27.86% |
| 2021-03-31 | Rs35.84 Billion ≈ $387.60 Million |
-19.25% |
| 2020-03-31 | Rs44.38 Billion ≈ $480.00 Million |
+3.56% |
| 2019-03-31 | Rs42.86 Billion ≈ $463.51 Million |
+25.34% |
| 2018-03-31 | Rs34.19 Billion ≈ $369.79 Million |
+26.69% |
| 2017-03-31 | Rs26.99 Billion ≈ $291.89 Million |
+52.33% |
| 2016-03-31 | Rs17.72 Billion ≈ $191.61 Million |
+42.02% |
| 2015-03-31 | Rs12.48 Billion ≈ $134.92 Million |
+55.85% |
| 2014-03-31 | Rs8.00 Billion ≈ $86.57 Million |
+42.91% |
| 2013-03-31 | Rs5.60 Billion ≈ $60.58 Million |
+36.17% |
| 2012-03-31 | Rs4.11 Billion ≈ $44.49 Million |
+25.37% |
| 2011-03-31 | Rs3.28 Billion ≈ $35.48 Million |
+15.15% |
| 2010-03-31 | Rs2.85 Billion ≈ $30.82 Million |
-60.70% |
| 2009-03-31 | Rs7.25 Billion ≈ $78.41 Million |
+3.22% |
| 2008-03-31 | Rs7.02 Billion ≈ $75.96 Million |
+20.63% |
| 2007-03-31 | Rs5.82 Billion ≈ $62.97 Million |
+6.04% |
| 2006-03-31 | Rs5.49 Billion ≈ $59.38 Million |
+23.80% |
| 2005-03-31 | Rs4.44 Billion ≈ $47.97 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Britannia Industries 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Rs51.07 Billion | 100.00% |
| Total Equity | Rs51.07 Billion | 100.00% |
Britannia Industries Limited Competitors by Market Cap
The table below lists competitors of Britannia Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Wujiang China Eastern Silk Market Co Ltd
SHE:000301
|
$12.98 Billion |
|
Zhejiang Satellite Petrochemical Co Ltd
SHE:002648
|
$12.98 Billion |
|
Bank of Baroda
NSE:BANKBARODA
|
$12.99 Billion |
|
NESTE OYJ UNSP.ADR 1/2
F:NEFA
|
$13.02 Billion |
|
Avery Dennison Corp
NYSE:AVY
|
$12.97 Billion |
|
Carlisle Companies Incorporated
NYSE:CSL
|
$12.96 Billion |
|
XCMG Construction Machinery Co Ltd
SHE:000425
|
$12.96 Billion |
|
Formosa Plastics Corp
TW:1301
|
$12.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Britannia Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 43,557,200,000 to 51,065,600,000, a change of 7,508,400,000 (17.2%).
- Net income of 25,334,900,000 contributed positively to equity growth.
- Dividend payments of 18,039,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 502,100,000.
- Other factors increased equity by 715,100,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs25.33 Billion | +49.61% |
| Dividends Paid | Rs18.04 Billion | -35.33% |
| Other Comprehensive Income | Rs-502.10 Million | -0.98% |
| Other Changes | Rs715.10 Million | +1.4% |
| Total Change | Rs- | 17.24% |
Book Value vs Market Value Analysis
This analysis compares Britannia Industries 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: 23.50x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 271.82x to 23.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs18.33 | Rs4982.00 | x |
| 2006-03-31 | Rs22.92 | Rs4982.00 | x |
| 2007-03-31 | Rs23.87 | Rs4982.00 | x |
| 2008-03-31 | Rs28.89 | Rs4982.00 | x |
| 2009-03-31 | Rs30.11 | Rs4982.00 | x |
| 2010-03-31 | Rs11.80 | Rs4982.00 | x |
| 2011-03-31 | Rs13.61 | Rs4982.00 | x |
| 2012-03-31 | Rs17.08 | Rs4982.00 | x |
| 2013-03-31 | Rs23.32 | Rs4982.00 | x |
| 2014-03-31 | Rs33.31 | Rs4982.00 | x |
| 2015-03-31 | Rs51.90 | Rs4982.00 | x |
| 2016-03-31 | Rs73.72 | Rs4982.00 | x |
| 2017-03-31 | Rs112.34 | Rs4982.00 | x |
| 2018-03-31 | Rs141.80 | Rs4982.00 | x |
| 2019-03-31 | Rs176.90 | Rs4982.00 | x |
| 2020-03-31 | Rs183.12 | Rs4982.00 | x |
| 2021-03-31 | Rs147.33 | Rs4982.00 | x |
| 2022-03-31 | Rs106.20 | Rs4982.00 | x |
| 2023-03-31 | Rs146.73 | Rs4982.00 | x |
| 2024-03-31 | Rs163.64 | Rs4982.00 | x |
| 2025-03-31 | Rs180.83 | Rs4982.00 | x |
| 2026-03-31 | Rs212.01 | Rs4982.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Britannia Industries 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): 49.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.43%
- • Asset Turnover: 1.94x
- • Equity Multiplier: 1.91x
- Recent ROE (49.61%) is above the historical average (41.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 33.54% | 9.86% | 2.00x | 1.71x | Rs1.04 Billion |
| 2006 | 26.67% | 8.55% | 1.98x | 1.57x | Rs915.17 Million |
| 2007 | 18.38% | 4.64% | 2.00x | 1.98x | Rs479.33 Million |
| 2008 | 25.50% | 6.36% | 2.02x | 1.99x | Rs1.07 Billion |
| 2009 | 21.00% | 4.43% | 2.29x | 2.07x | Rs793.48 Million |
| 2010 | 36.49% | 2.74% | 2.53x | 5.27x | Rs749.00 Million |
| 2011 | 41.16% | 2.91% | 2.81x | 5.02x | Rs1.02 Billion |
| 2012 | 48.77% | 810.52% | 0.04x | 1.38x | Rs1.59 Billion |
| 2013 | 46.52% | 4.22% | 3.26x | 3.38x | Rs2.04 Billion |
| 2014 | 49.54% | 5.78% | 3.25x | 2.64x | Rs3.16 Billion |
| 2015 | 55.31% | 8.84% | 2.79x | 2.24x | Rs5.64 Billion |
| 2016 | 46.60% | 9.89% | 2.41x | 1.95x | Rs6.48 Billion |
| 2017 | 32.80% | 9.81% | 2.19x | 1.52x | Rs6.15 Billion |
| 2018 | 29.48% | 10.16% | 1.91x | 1.52x | Rs6.64 Billion |
| 2019 | 27.25% | 10.51% | 1.77x | 1.47x | Rs7.34 Billion |
| 2020 | 31.86% | 12.12% | 1.48x | 1.78x | Rs9.62 Billion |
| 2021 | 52.54% | 14.23% | 1.64x | 2.26x | Rs15.09 Billion |
| 2022 | 59.61% | 10.82% | 1.88x | 2.94x | Rs12.69 Billion |
| 2023 | 65.69% | 14.29% | 1.74x | 2.65x | Rs19.68 Billion |
| 2024 | 54.29% | 12.80% | 1.84x | 2.30x | Rs17.46 Billion |
| 2025 | 50.02% | 12.18% | 2.02x | 2.03x | Rs17.43 Billion |
| 2026 | 49.61% | 13.43% | 1.94x | 1.91x | Rs20.23 Billion |
Industry Comparison
This section compares Britannia Industries Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $7,084,758,691
- Average return on equity (ROE) among peers: 14.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Britannia Industries Limited (BRITANNIA) | Rs51.36 Billion | 33.54% | 0.89x | $12.98 Billion |
| ADF Foods Limited (ADFFOODS) | $355.06 Million | 17.98% | 0.57x | $318.12 Million |
| Ajooni Biotech Limited (AJOONI) | $880.79 Million | 3.68% | 0.08x | $6.09 Million |
| Agro Tech Foods Limited (ATFL) | $964.98 Million | 14.49% | 0.70x | $365.36 Million |
| Avanti Feeds Limited (AVANTIFEED) | $13.57 Billion | 20.16% | 0.19x | $1.14 Billion |
| Adani Wilmar Limited (AWL) | $25.71 Billion | 17.93% | 3.58x | $2.57 Billion |
| Bombay Burmah Trading Corporation Limited (BBTC) | $9.00 Billion | 13.07% | 2.56x | $1.06 Billion |
| Mrs. Bectors Food Specialities Limited (BECTORFOOD) | $1.73 Billion | 16.93% | 0.69x | $733.09 Million |
| Bikaji Foods International Limited (BIKAJI) | $9.54 Billion | 14.37% | 0.33x | $1.50 Billion |
| CCL Products (India) Limited (CCL) | $2.01 Billion | 13.94% | 1.45x | $1.53 Billion |
About Britannia Industries Limited
Britannia Industries Limited manufactures and sells various food products in India and internationally. The company offers biscuits under the Good Day, Marie Gold, NutriChoice, Milk Bikis, Tiger, 50-50, Jim Jam, Britannia Bourbon, Little Hearts, Treat, Pure Magic, Nice Time, and Biscafe brand names; cakes under the Muffills, Fudge It, Gobbles, Layerz, Tiffin Fun, Rollyo, and Nut & Raisin Romance … Read more