Eastern Silk Industries Limited
Eastern Silk Industries Limited engages in the manufacture and sale of textile and allied products in India. The company provides silk yarns, fabrics and made-ups, home furnishings, scarves, laces, and belts, as well as fashion, handloom, double width, and embroidered fabrics. It also exports its products. The company was incorporated in 1946 and is based in Kolkata, India.
Eastern Silk Industries Limited (EASTSILK) - Net Assets
Latest net assets as of December 2024: ₹630.69 Million INR
Based on the latest financial reports, Eastern Silk Industries Limited (EASTSILK) has net assets worth ₹630.69 Million INR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹1.49 Billion) and total liabilities (₹857.67 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 | ₹630.69 Million |
| % of Total Assets | 42.37% |
| Annual Growth Rate | -7.31% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.1 |
Eastern Silk Industries Limited - Net Assets Trend (2006–2024)
This chart illustrates how Eastern Silk Industries 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 Eastern Silk Industries Limited (2006–2024)
The table below shows the annual net assets of Eastern Silk Industries Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹626.48 Million | +244.97% |
| 2023-03-31 | ₹-432.14 Million | -49.69% |
| 2022-03-31 | ₹-288.69 Million | -29.62% |
| 2021-03-31 | ₹-222.72 Million | +4.26% |
| 2020-03-31 | ₹-232.63 Million | +2.28% |
| 2019-03-31 | ₹-238.06 Million | -68.43% |
| 2018-03-31 | ₹-141.34 Million | +60.03% |
| 2017-03-31 | ₹-353.59 Million | +54.18% |
| 2016-03-31 | ₹-771.67 Million | -39.44% |
| 2015-03-31 | ₹-553.41 Million | -574.00% |
| 2014-03-31 | ₹-82.11 Million | -106.37% |
| 2013-03-31 | ₹1.29 Billion | -48.88% |
| 2012-03-31 | ₹2.52 Billion | -26.95% |
| 2011-03-31 | ₹3.45 Billion | -14.96% |
| 2010-03-31 | ₹4.06 Billion | +0.22% |
| 2009-03-31 | ₹4.05 Billion | +7.64% |
| 2008-03-31 | ₹3.77 Billion | -1.71% |
| 2007-03-31 | ₹3.83 Billion | +55.92% |
| 2006-03-31 | ₹2.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eastern Silk 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹157.91 Million | 25.21% |
| Other Comprehensive Income | ₹468.58 Million | 74.79% |
| Total Equity | ₹626.48 Million | 100.00% |
Eastern Silk Industries Limited Competitors by Market Cap
The table below lists competitors of Eastern Silk Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gujarat Lease Financing Limited
NSE:GLFL
|
$748.21K |
|
Ilustrato Pictures
PINK:ILUS
|
$748.58K |
|
Monarch Mining Corporation
OTCQX:GBARF
|
$748.95K |
|
Silver Predator Corp
PINK:SVROF
|
$749.36K |
|
COLGATE-PALMOLIVE - Dusseldorf Stock Exchang
DU:CPA
|
$747.45K |
|
Hypoport AG
STU:HYQ
|
$747.41K |
|
WACKER CHEMIE - Dusseldorf Stock Exchang
DU:WCH
|
$747.21K |
|
M Vision Public Company Limited
BK:MVP
|
$747.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eastern Silk Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -432,141,000 to 626,482,000, a change of 1,058,623,000.
- Net loss of 123,042,000 reduced equity.
- Other comprehensive income increased equity by 1,974,000.
- Other factors increased equity by 1,179,691,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-123.04 Million | -19.64% |
| Other Comprehensive Income | ₹1.97 Million | +0.32% |
| Other Changes | ₹1.18 Billion | +188.3% |
| Total Change | ₹- | % |
Book Value vs Market Value Analysis
This analysis compares Eastern Silk 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: 0.23x
- 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 increased from 0.05x to 0.23x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹36.42 | ₹1.80 | x |
| 2007-03-31 | ₹45.03 | ₹1.80 | x |
| 2008-03-31 | ₹233.07 | ₹1.80 | x |
| 2009-03-31 | ₹51.33 | ₹1.80 | x |
| 2010-03-31 | ₹51.45 | ₹1.80 | x |
| 2011-03-31 | ₹43.75 | ₹1.80 | x |
| 2012-03-31 | ₹31.96 | ₹1.80 | x |
| 2013-03-31 | ₹16.34 | ₹1.80 | x |
| 2014-03-31 | ₹-1.04 | ₹1.80 | x |
| 2015-03-31 | ₹-7.26 | ₹1.80 | x |
| 2016-03-31 | ₹-9.77 | ₹1.80 | x |
| 2017-03-31 | ₹-4.48 | ₹1.80 | x |
| 2018-03-31 | ₹-1.79 | ₹1.80 | x |
| 2019-03-31 | ₹-3.02 | ₹1.80 | x |
| 2020-03-31 | ₹-2.95 | ₹1.80 | x |
| 2021-03-31 | ₹-2.82 | ₹1.80 | x |
| 2022-03-31 | ₹-3.66 | ₹1.80 | x |
| 2023-03-31 | ₹-5.47 | ₹1.80 | x |
| 2024-03-31 | ₹7.94 | ₹1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eastern Silk 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): -19.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -65.03%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.16x
- Recent ROE (-19.64%) is below the historical average (-4.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 15.76% | 9.92% | 0.81x | 1.97x | ₹141.59 Million |
| 2007 | 16.98% | 13.29% | 0.69x | 1.84x | ₹237.08 Million |
| 2008 | 15.44% | 12.07% | 0.76x | 1.69x | ₹204.87 Million |
| 2009 | 4.74% | 3.77% | 0.79x | 1.60x | ₹-213.17 Million |
| 2010 | 1.41% | 1.05% | 0.77x | 1.73x | ₹-348.80 Million |
| 2011 | -16.77% | -9.21% | 0.93x | 1.96x | ₹-924.77 Million |
| 2012 | -36.30% | -97.04% | 0.13x | 2.79x | ₹-1.17 Billion |
| 2013 | -73.93% | -125.70% | 0.12x | 4.80x | ₹-1.08 Billion |
| 2014 | 0.00% | -171.36% | 0.16x | 0.00x | ₹-1.36 Billion |
| 2015 | 0.00% | -63.67% | 0.13x | 0.00x | ₹-313.48 Million |
| 2016 | 0.00% | -33.13% | 0.19x | 0.00x | ₹-141.09 Million |
| 2017 | 0.00% | 69.48% | 0.26x | 0.00x | ₹475.99 Million |
| 2018 | 0.00% | 42.17% | 0.24x | 0.00x | ₹224.48 Million |
| 2019 | 0.00% | -14.86% | 0.32x | 0.00x | ₹-72.47 Million |
| 2020 | 0.00% | 1.05% | 0.58x | 0.00x | ₹33.79 Million |
| 2021 | 0.00% | 1.20% | 0.50x | 0.00x | ₹32.72 Million |
| 2022 | 0.00% | -9.63% | 0.43x | 0.00x | ₹-39.78 Million |
| 2023 | 0.00% | -37.97% | 0.25x | 0.00x | ₹-101.13 Million |
| 2024 | -19.64% | -65.03% | 0.14x | 2.16x | ₹-185.69 Million |
Industry Comparison
This section compares Eastern Silk Industries Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-15,328,366,560
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eastern Silk Industries Limited (EASTSILK) | ₹630.69 Million | 15.76% | 1.36x | $747.77K |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.56 Billion | 0.07% | 2.01x | $18.42 Million |
| Akshar Spintex Limited (AKSHAR) | $362.57 Million | 3.43% | 1.02x | $3.77 Million |
| Alok Industries Limited (ALOKINDS) | $-206.30 Billion | 0.00% | 0.00x | $179.15 Million |
| Alps Industries Limited (ALPSINDUS) | $2.04 Billion | 0.00% | 5.49x | $155.37K |
| Ambika Cotton Mills Limited (AMBIKCO) | $5.65 Billion | 12.02% | 0.11x | $40.48 Million |
| Arvind Limited (ARVIND) | $34.04 Billion | 11.88% | 1.03x | $623.55 Million |
| Axita Cotton Limited (AXITA) | $362.65 Million | 42.51% | 2.00x | $21.73 Million |
| AYM Syntex Limited (AYMSYNTEX) | $789.26 Million | 14.66% | 2.84x | $26.36 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.69 Billion | 3.12% | 2.99x | $11.94 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $4.51 Billion | -4.87% | 1.72x | $6.49 Million |