The Indian Hotels Company Limited (INDHOTEL) - Net Assets
Based on the latest financial reports, The Indian Hotels Company Limited (INDHOTEL) has net assets worth Rs128.97 Billion INR (≈ $1.39 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs184.19 Billion ≈ $1.99 Billion USD) and total liabilities (Rs55.21 Billion ≈ $597.09 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 how resilient are The Indian Hotels Company Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs128.97 Billion |
| % of Total Assets | 70.02% |
| Annual Growth Rate | 10.96% |
| 5-Year Change | 189.88% |
| 10-Year Change | 273.61% |
| Growth Volatility | 23.78 |
The Indian Hotels Company Limited - Net Assets Trend (2005–2025)
This chart illustrates how The Indian Hotels Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is The Indian Hotels Company Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for The Indian Hotels Company Limited (2005–2025)
The table below shows the annual net assets of The Indian Hotels Company Limited from 2005 to 2025. For live valuation and market cap data, see INDHOTEL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs124.16 Billion ≈ $1.34 Billion |
+22.58% |
| 2024-03-31 | Rs101.29 Billion ≈ $1.10 Billion |
+17.20% |
| 2023-03-31 | Rs86.42 Billion ≈ $934.60 Million |
+12.89% |
| 2022-03-31 | Rs76.55 Billion ≈ $827.89 Million |
+78.74% |
| 2021-03-31 | Rs42.83 Billion ≈ $463.19 Million |
-16.38% |
| 2020-03-31 | Rs51.22 Billion ≈ $553.89 Million |
-0.51% |
| 2019-03-31 | Rs51.48 Billion ≈ $556.72 Million |
+3.82% |
| 2018-03-31 | Rs49.58 Billion ≈ $536.24 Million |
+52.31% |
| 2017-03-31 | Rs32.56 Billion ≈ $352.07 Million |
-2.04% |
| 2016-03-31 | Rs33.23 Billion ≈ $359.39 Million |
+12.08% |
| 2015-03-31 | Rs29.65 Billion ≈ $320.66 Million |
-12.08% |
| 2014-03-31 | Rs33.72 Billion ≈ $364.70 Million |
-8.53% |
| 2013-03-31 | Rs36.87 Billion ≈ $398.74 Million |
-1.28% |
| 2012-03-31 | Rs37.35 Billion ≈ $403.90 Million |
+16.45% |
| 2011-03-31 | Rs32.07 Billion ≈ $346.84 Million |
+13.81% |
| 2010-03-31 | Rs28.18 Billion ≈ $304.74 Million |
-21.11% |
| 2009-03-31 | Rs35.72 Billion ≈ $386.30 Million |
+40.02% |
| 2008-03-31 | Rs25.51 Billion ≈ $275.89 Million |
+7.53% |
| 2007-03-31 | Rs23.72 Billion ≈ $256.57 Million |
+9.23% |
| 2006-03-31 | Rs21.72 Billion ≈ $234.89 Million |
+40.11% |
| 2005-03-31 | Rs15.50 Billion ≈ $167.65 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to The Indian Hotels Company 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 1862.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs26.47 Billion | 23.72% |
| Common Stock | Rs1.42 Billion | 1.28% |
| Other Comprehensive Income | Rs16.14 Billion | 14.46% |
| Other Components | Rs67.58 Billion | 60.55% |
| Total Equity | Rs111.61 Billion | 100.00% |
The Indian Hotels Company Limited Competitors by Market Cap
The table below lists competitors of The Indian Hotels Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aditya Birla Capital Limited
NSE:ABCAPITAL
|
$9.79 Billion |
|
CICT Mobile Communication Technology Co. Ltd. A
SHG:688387
|
$9.80 Billion |
|
Advantech Co Ltd
TW:2395
|
$9.80 Billion |
|
D'Ieteren Group SA
BR:DIE
|
$9.80 Billion |
|
Bentley Systems Inc
NASDAQ:BSY
|
$9.78 Billion |
|
APA Group
AU:APA
|
$9.77 Billion |
|
Suzhou Maxwell Technologies Co Ltd Class A
SHE:300751
|
$9.77 Billion |
|
Loongson Technology Corp. Ltd. A
SHG:688047
|
$9.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Indian Hotels Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 94,566,500,000 to 111,607,100,000, a change of 17,040,600,000 (18.0%).
- Net income of 19,075,900,000 contributed positively to equity growth.
- Dividend payments of 2,517,700,000 reduced retained earnings.
- Other comprehensive income increased equity by 542,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs19.08 Billion | +17.09% |
| Dividends Paid | Rs2.52 Billion | -2.26% |
| Other Comprehensive Income | Rs542.90 Million | +0.49% |
| Other Changes | Rs-60.50 Million | -0.05% |
| Total Change | Rs- | 18.02% |
Book Value vs Market Value Analysis
This analysis compares The Indian Hotels Company 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: 8.11x
- 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 31.14x to 8.11x 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 | Rs20.42 | Rs635.85 | x |
| 2006-03-31 | Rs29.88 | Rs635.85 | x |
| 2007-03-31 | Rs31.56 | Rs635.85 | x |
| 2008-03-31 | Rs31.46 | Rs635.85 | x |
| 2009-03-31 | Rs41.93 | Rs635.85 | x |
| 2010-03-31 | Rs31.92 | Rs635.85 | x |
| 2011-03-31 | Rs36.02 | Rs635.85 | x |
| 2012-03-31 | Rs26.67 | Rs635.85 | x |
| 2013-03-31 | Rs37.40 | Rs635.85 | x |
| 2014-03-31 | Rs28.87 | Rs635.85 | x |
| 2015-03-31 | Rs24.39 | Rs635.85 | x |
| 2016-03-31 | Rs26.08 | Rs635.85 | x |
| 2017-03-31 | Rs25.45 | Rs635.85 | x |
| 2018-03-31 | Rs37.91 | Rs635.85 | x |
| 2019-03-31 | Rs36.56 | Rs635.85 | x |
| 2020-03-31 | Rs36.63 | Rs635.85 | x |
| 2021-03-31 | Rs30.68 | Rs635.85 | x |
| 2022-03-31 | Rs56.23 | Rs635.85 | x |
| 2023-03-31 | Rs56.20 | Rs635.85 | x |
| 2024-03-31 | Rs66.54 | Rs635.85 | x |
| 2025-03-31 | Rs78.41 | Rs635.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Indian Hotels Company 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): 17.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.28%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.59x
- Recent ROE (17.09%) is above the historical average (1.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.73% | 9.78% | 0.32x | 3.11x | Rs-35.17 Million |
| 2006 | 12.87% | 13.54% | 0.42x | 2.24x | Rs555.26 Million |
| 2007 | 17.66% | 14.24% | 0.50x | 2.50x | Rs1.61 Billion |
| 2008 | 15.64% | 11.78% | 0.44x | 3.02x | Rs1.28 Billion |
| 2009 | 0.38% | 0.45% | 0.30x | 2.78x | Rs-3.17 Billion |
| 2010 | -5.38% | -5.57% | 0.28x | 3.40x | Rs-3.91 Billion |
| 2011 | -2.16% | -2.33% | 0.30x | 3.05x | Rs-3.54 Billion |
| 2012 | -1.14% | -1.08% | 0.35x | 2.98x | Rs-3.45 Billion |
| 2013 | -14.44% | -11.31% | 0.41x | 3.12x | Rs-7.28 Billion |
| 2014 | -14.34% | -8.83% | 0.45x | 3.61x | Rs-6.42 Billion |
| 2015 | -16.98% | -8.83% | 0.43x | 4.44x | Rs-6.01 Billion |
| 2016 | -8.96% | -5.61% | 0.42x | 3.80x | Rs-4.89 Billion |
| 2017 | -2.51% | -1.55% | 0.47x | 3.43x | Rs-3.15 Billion |
| 2018 | 2.41% | 2.42% | 0.44x | 2.24x | Rs-3.17 Billion |
| 2019 | 6.60% | 6.30% | 0.48x | 2.20x | Rs-1.48 Billion |
| 2020 | 8.13% | 7.86% | 0.39x | 2.64x | Rs-812.61 Million |
| 2021 | -19.74% | -44.25% | 0.14x | 3.16x | Rs-10.85 Billion |
| 2022 | -3.51% | -7.92% | 0.24x | 1.85x | Rs-9.54 Billion |
| 2023 | 12.56% | 16.97% | 0.43x | 1.71x | Rs2.04 Billion |
| 2024 | 13.31% | 18.21% | 0.47x | 1.57x | Rs3.13 Billion |
| 2025 | 17.09% | 22.28% | 0.48x | 1.59x | Rs7.92 Billion |
Industry Comparison
This section compares The Indian Hotels Company Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $6,358,134,471
- Average return on equity (ROE) among peers: 12.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Indian Hotels Company Limited (INDHOTEL) | Rs128.97 Billion | 9.73% | 0.43x | $9.79 Billion |
| Advani Hotels & Resorts (India) Limited (ADVANIHOTR) | $398.49 Million | 24.69% | 1.48x | $54.23 Million |
| Asian Hotels (East) Limited (AHLEAST) | $2.30 Billion | 13.77% | 1.63x | $30.19 Million |
| Asian Hotels (North) Limited (ASIANHOTNR) | $8.05 Billion | -2.28% | 1.64x | $138.09 Million |
| Blue Coast Hotels Limited (BLUECOAST) | $1.07 Billion | 9.62% | 1.26x | $5.78 Million |
| The Byke Hospitality Ltd (BYKE) | $72.78 Million | 43.30% | 0.69x | $20.76 Million |
| Country Club Hospitality & Holidays Limited (CCHHL) | $8.19 Billion | 5.14% | 0.54x | $24.89 Million |
| Chalet Hotels Limited (CHALET) | $15.54 Billion | 6.61% | 1.58x | $1.79 Billion |
| EIH Associated Hotels Limited (EIHAHOTELS) | $913.25 Million | 10.73% | 3.41x | $213.39 Million |
| EIH Limited (EIHOTEL) | $26.68 Billion | 3.69% | 0.39x | $2.16 Billion |
| Sri Havisha Hospitality and Infrastructure Limited (HAVISHA) | $373.47 Million | 5.73% | 0.47x | $2.66 Million |
About The Indian Hotels Company Limited
The Indian Hotels Company Limited, together with its subsidiaries, owns, operates, and manages hotels, palaces and resorts in India and internationally. It operates through two segments: Hotel Services and Air and Institutional Catering. The company operates hotels under the Taj, Claridges Collection, SeleQtions, GATEWAY, Vivanta, Ginger, Tree of Life, amã Stays & Trails, Qmin, and Taj Sats brand… Read more