Ester Industries Limited (ESTER) - Net Assets

Latest as of September 2025: Rs7.92 Billion INR ≈ $85.66 Million USD

Based on the latest financial reports, Ester Industries Limited (ESTER) has net assets worth Rs7.92 Billion INR (≈ $85.66 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs17.02 Billion ≈ $184.03 Million USD) and total liabilities (Rs9.10 Billion ≈ $98.37 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 Ester Industries Limited (ESTER) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs7.92 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. Also explore Ester Industries Limited (ESTER) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Ester Industries Limited.

Year	Net Assets	Change
2025-03-31	Rs7.73 Billion ≈ $83.55 Million	+7.66%
2024-03-31	Rs7.18 Billion ≈ $77.60 Million	-3.48%
2023-03-31	Rs7.43 Billion ≈ $80.40 Million	+19.58%
2022-03-31	Rs6.22 Billion ≈ $67.24 Million	+21.42%
2021-03-31	Rs5.12 Billion ≈ $55.37 Million	+25.45%
2020-03-31	Rs4.08 Billion ≈ $44.14 Million	+29.81%
2019-03-31	Rs3.14 Billion ≈ $34.00 Million	+11.00%
2018-03-31	Rs2.83 Billion ≈ $30.63 Million	+2.29%
2017-03-31	Rs2.77 Billion ≈ $29.95 Million	-5.23%
2016-03-31	Rs2.92 Billion ≈ $31.60 Million	+7.44%
2015-03-31	Rs2.72 Billion ≈ $29.41 Million	+3.43%
2014-03-31	Rs2.63 Billion ≈ $28.44 Million	+2.02%
2013-03-31	Rs2.58 Billion ≈ $27.87 Million	-2.08%
2012-03-31	Rs2.63 Billion ≈ $28.47 Million	-5.11%
2011-03-31	Rs2.77 Billion ≈ $30.00 Million	+56.14%
2010-03-31	Rs1.78 Billion ≈ $19.21 Million	+26.64%
2009-03-31	Rs1.40 Billion ≈ $15.17 Million	+24.74%
2008-03-31	Rs1.12 Billion ≈ $12.16 Million	+3.45%
2007-03-31	Rs1.09 Billion ≈ $11.76 Million	-9.43%
2006-03-31	Rs1.20 Billion ≈ $12.98 Million	-15.86%
2005-03-31	Rs1.43 Billion ≈ $15.43 Million	--

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	Rs4.73 Billion	61.20%
Common Stock	Rs470.21 Million	6.09%
Other Comprehensive Income	Rs956.14 Million	12.38%
Other Components	Rs1.57 Billion	20.34%
Total Equity	Rs7.73 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
Buriram Sugar Public Company Limited BK:BRR	$95.17 Million
Blink Charging Co NASDAQ:BLNK	$95.19 Million
Neontech Co. Ltd KQ:306620	$95.20 Million
Scully Royalty Ltd F:MB01	$95.24 Million
Viatron Technologies Inc KQ:141000	$95.15 Million
myNEWS Holdings Bhd KLSE:5275	$95.14 Million
Leo Systems TWO:5410	$95.13 Million
WINS Co. Ltd KQ:136540	$95.13 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	Rs136.98 Million	+1.77%
Share Repurchases	Rs446.73 Million	-5.78%
Share Issuances	Rs446.73 Million	+5.78%
Other Comprehensive Income	Rs403.45 Million	+5.22%
Other Changes	Rs9.33 Million	+0.12%
Total Change	Rs-	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: 1.10x
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 3.51x to 1.10x 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	Rs25.70	Rs90.18	x
2006-03-31	Rs21.63	Rs90.18	x
2007-03-31	Rs19.59	Rs90.18	x
2008-03-31	Rs20.26	Rs90.18	x
2009-03-31	Rs25.28	Rs90.18	x
2010-03-31	Rs30.90	Rs90.18	x
2011-03-31	Rs44.11	Rs90.18	x
2012-03-31	Rs41.85	Rs90.18	x
2013-03-31	Rs40.98	Rs90.18	x
2014-03-31	Rs41.97	Rs90.18	x
2015-03-31	Rs40.18	Rs90.18	x
2016-03-31	Rs36.37	Rs90.18	x
2017-03-31	Rs33.20	Rs90.18	x
2018-03-31	Rs33.97	Rs90.18	x
2019-03-31	Rs37.70	Rs90.18	x
2020-03-31	Rs48.94	Rs90.18	x
2021-03-31	Rs61.40	Rs90.18	x
2022-03-31	Rs74.55	Rs90.18	x
2023-03-31	Rs89.15	Rs90.18	x
2024-03-31	Rs85.89	Rs90.18	x
2025-03-31	Rs82.34	Rs90.18	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	Rs-53.71 Million
2006	-14.01%	-6.83%	0.95x	2.15x	Rs-288.22 Million
2007	-12.87%	-4.96%	1.17x	2.21x	Rs-248.60 Million
2008	8.89%	3.13%	1.28x	2.21x	Rs-12.43 Million
2009	23.82%	8.97%	1.57x	1.69x	Rs193.92 Million
2010	15.68%	7.04%	1.31x	1.70x	Rs100.88 Million
2011	46.67%	19.59%	1.06x	2.25x	Rs1.02 Billion
2012	-5.29%	-1.99%	1.12x	2.38x	Rs-402.51 Million
2013	-2.05%	-0.60%	1.36x	2.53x	Rs-310.55 Million
2014	3.18%	0.90%	1.33x	2.66x	Rs-179.25 Million
2015	1.41%	0.43%	1.25x	2.63x	Rs-233.56 Million
2016	1.56%	0.59%	1.12x	2.36x	Rs-246.58 Million
2017	-3.86%	-1.53%	1.03x	2.46x	Rs-383.78 Million
2018	1.87%	0.66%	1.15x	2.49x	Rs-230.32 Million
2019	9.89%	3.04%	1.54x	2.12x	Rs-3.35 Million
2020	24.38%	9.61%	1.50x	1.69x	Rs586.85 Million
2021	26.85%	13.91%	1.15x	1.68x	Rs862.92 Million
2022	21.99%	12.34%	0.78x	2.30x	Rs745.43 Million
2023	18.41%	12.36%	0.65x	2.31x	Rs625.53 Million
2024	-16.87%	-11.45%	0.64x	2.29x	Rs-1.93 Billion
2025	1.77%	1.07%	0.82x	2.04x	Rs-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: $8,083,043,484
Average return on equity (ROE) among peers: 14.94%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ester Industries Limited (ESTER)	Rs7.92 Billion	6.24%	1.15x	$95.17 Million
Aarti Industries Limited (AARTIIND)	$49.21 Billion	11.08%	0.74x	$1.99 Billion
Aarti Surfactants Limited (AARTISURF)	$1.11 Billion	1.88%	1.36x	$37.34 Million
ABM International Limited (ABMINTLLTD)	$214.51 Million	3.09%	0.89x	$4.23 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$1.66 Billion	30.02%	1.39x	$420.87 Million
Aether Industries Limited (AETHER)	$12.45 Billion	10.48%	0.11x	$1.68 Billion
Akzo Nobel India Limited (AKZOINDIA)	$11.05 Billion	19.80%	1.09x	$1.45 Billion
Alkali Metals Limited (ALKALI)	$658.97 Million	9.93%	0.56x	$7.38 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$1.16 Billion	20.83%	1.93x	$838.56 Million
Ami Organics Limited (AMIORG)	$822.19 Million	28.33%	1.59x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$2.50 Billion	13.94%	1.53x	$1.65 Billion

About Ester Industries Limited

NSE:ESTER India Specialty Chemicals

Market Cap

$95.17 Million

Rs8.80 Billion INR

Market Cap Rank

#19369 Global

#1038 in India

Share Price

Rs90.18

Change (1 day)

-0.28%

52-Week Range

Rs70.67 - Rs147.16

All Time High

Rs181.19