Ester Industries Limited
Ester Industries Limited engages in the manufacture and sale of polyester films in India and internationally. The company operates through three segments: Polyester Films (BOPET), Specialty Polymers, and R " PET. The company offers polyester films comprising special chemical coated, metalized high and ultra-high barrier, transparent high barrier, isotropic, heat seal, retort, shrink sleeve, matte… Read more
Ester Industries Limited (ESTER) - Net Assets
Latest net assets as of September 2025: ₹7.92 Billion INR
Based on the latest financial reports, Ester Industries Limited (ESTER) has net assets worth ₹7.92 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹17.02 Billion) and total liabilities (₹9.10 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 | ₹7.92 Billion |
| % of Total Assets | 46.55% |
| Annual Growth Rate | 8.81% |
| 5-Year Change | 50.88% |
| 10-Year Change | 164.4% |
| Growth Volatility | 16.63 |
Ester Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Ester 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 Ester Industries Limited (2005–2025)
The table below shows the annual net assets of Ester Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹7.73 Billion | +7.66% |
| 2024-03-31 | ₹7.18 Billion | -3.48% |
| 2023-03-31 | ₹7.43 Billion | +19.58% |
| 2022-03-31 | ₹6.22 Billion | +21.42% |
| 2021-03-31 | ₹5.12 Billion | +25.45% |
| 2020-03-31 | ₹4.08 Billion | +29.81% |
| 2019-03-31 | ₹3.14 Billion | +11.00% |
| 2018-03-31 | ₹2.83 Billion | +2.29% |
| 2017-03-31 | ₹2.77 Billion | -5.23% |
| 2016-03-31 | ₹2.92 Billion | +7.44% |
| 2015-03-31 | ₹2.72 Billion | +3.43% |
| 2014-03-31 | ₹2.63 Billion | +2.02% |
| 2013-03-31 | ₹2.58 Billion | -2.08% |
| 2012-03-31 | ₹2.63 Billion | -5.11% |
| 2011-03-31 | ₹2.77 Billion | +56.14% |
| 2010-03-31 | ₹1.78 Billion | +26.64% |
| 2009-03-31 | ₹1.40 Billion | +24.74% |
| 2008-03-31 | ₹1.12 Billion | +3.45% |
| 2007-03-31 | ₹1.09 Billion | -9.43% |
| 2006-03-31 | ₹1.20 Billion | -15.86% |
| 2005-03-31 | ₹1.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ester 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 grown by 472765300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.73 Billion | 61.20% |
| Common Stock | ₹470.21 Million | 6.09% |
| Other Comprehensive Income | ₹956.14 Million | 12.38% |
| Other Components | ₹1.57 Billion | 20.34% |
| Total Equity | ₹7.73 Billion | 100.00% |
Ester Industries Limited Competitors by Market Cap
The table below lists competitors of Ester Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mega Fortune Company Limited Ordinary Shares
NASDAQ:MGRT
|
$23.18 Million |
|
Maeil Holdings Co. Ltd
KQ:005990
|
$23.18 Million |
|
Wiable Corp
KQ:065530
|
$23.18 Million |
|
HUARONG INTL FI.H.HD-001
F:93W
|
$23.19 Million |
|
Scienjoy Holding Corp
NASDAQ:SJ
|
$23.18 Million |
|
Nobland International
KQ:145170
|
$23.16 Million |
|
SeaBird Exploration Plc
OL:SBX
|
$23.16 Million |
|
Mr. Blue Corporation
KQ:207760
|
$23.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ester Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,175,436,000 to 7,725,197,000, a change of 549,761,000 (7.7%).
- Net income of 136,982,000 contributed positively to equity growth.
- Share repurchases of 446,727,000 reduced equity.
- New share issuances of 446,727,000 increased equity.
- Other comprehensive income increased equity by 403,452,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹136.98 Million | +1.77% |
| Share Repurchases | ₹446.73 Million | -5.78% |
| Share Issuances | ₹446.73 Million | +5.78% |
| Other Comprehensive Income | ₹403.45 Million | +5.22% |
| Other Changes | ₹9.33 Million | +0.12% |
| Total Change | ₹- | 7.66% |
Book Value vs Market Value Analysis
This analysis compares Ester 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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.57x to 1.11x 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 | ₹25.70 | ₹91.71 | x |
| 2006-03-31 | ₹21.63 | ₹91.71 | x |
| 2007-03-31 | ₹19.59 | ₹91.71 | x |
| 2008-03-31 | ₹20.26 | ₹91.71 | x |
| 2009-03-31 | ₹25.28 | ₹91.71 | x |
| 2010-03-31 | ₹30.90 | ₹91.71 | x |
| 2011-03-31 | ₹44.11 | ₹91.71 | x |
| 2012-03-31 | ₹41.85 | ₹91.71 | x |
| 2013-03-31 | ₹40.98 | ₹91.71 | x |
| 2014-03-31 | ₹41.97 | ₹91.71 | x |
| 2015-03-31 | ₹40.18 | ₹91.71 | x |
| 2016-03-31 | ₹36.37 | ₹91.71 | x |
| 2017-03-31 | ₹33.20 | ₹91.71 | x |
| 2018-03-31 | ₹33.97 | ₹91.71 | x |
| 2019-03-31 | ₹37.70 | ₹91.71 | x |
| 2020-03-31 | ₹48.94 | ₹91.71 | x |
| 2021-03-31 | ₹61.40 | ₹91.71 | x |
| 2022-03-31 | ₹74.55 | ₹91.71 | x |
| 2023-03-31 | ₹89.15 | ₹91.71 | x |
| 2024-03-31 | ₹85.89 | ₹91.71 | x |
| 2025-03-31 | ₹82.34 | ₹91.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ester 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): 1.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.07%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.04x
- Recent ROE (1.77%) is below the historical average (7.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.24% | 3.37% | 1.08x | 1.71x | ₹-53.71 Million |
| 2006 | -14.01% | -6.83% | 0.95x | 2.15x | ₹-288.22 Million |
| 2007 | -12.87% | -4.96% | 1.17x | 2.21x | ₹-248.60 Million |
| 2008 | 8.89% | 3.13% | 1.28x | 2.21x | ₹-12.43 Million |
| 2009 | 23.82% | 8.97% | 1.57x | 1.69x | ₹193.92 Million |
| 2010 | 15.68% | 7.04% | 1.31x | 1.70x | ₹100.88 Million |
| 2011 | 46.67% | 19.59% | 1.06x | 2.25x | ₹1.02 Billion |
| 2012 | -5.29% | -1.99% | 1.12x | 2.38x | ₹-402.51 Million |
| 2013 | -2.05% | -0.60% | 1.36x | 2.53x | ₹-310.55 Million |
| 2014 | 3.18% | 0.90% | 1.33x | 2.66x | ₹-179.25 Million |
| 2015 | 1.41% | 0.43% | 1.25x | 2.63x | ₹-233.56 Million |
| 2016 | 1.56% | 0.59% | 1.12x | 2.36x | ₹-246.58 Million |
| 2017 | -3.86% | -1.53% | 1.03x | 2.46x | ₹-383.78 Million |
| 2018 | 1.87% | 0.66% | 1.15x | 2.49x | ₹-230.32 Million |
| 2019 | 9.89% | 3.04% | 1.54x | 2.12x | ₹-3.35 Million |
| 2020 | 24.38% | 9.61% | 1.50x | 1.69x | ₹586.85 Million |
| 2021 | 26.85% | 13.91% | 1.15x | 1.68x | ₹862.92 Million |
| 2022 | 21.99% | 12.34% | 0.78x | 2.30x | ₹745.43 Million |
| 2023 | 18.41% | 12.36% | 0.65x | 2.31x | ₹625.53 Million |
| 2024 | -16.87% | -11.45% | 0.64x | 2.29x | ₹-1.93 Billion |
| 2025 | 1.77% | 1.07% | 0.82x | 2.04x | ₹-635.54 Million |
Industry Comparison
This section compares Ester Industries Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ester Industries Limited (ESTER) | ₹7.92 Billion | 6.24% | 1.15x | $23.18 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |