Indo Thai Securities Limited (INDOTHAI) - Net Assets

Latest as of September 2025: Rs2.19 Billion INR ≈ $23.64 Million USD

Based on the latest financial reports, Indo Thai Securities Limited (INDOTHAI) has net assets worth Rs2.19 Billion INR (≈ $23.64 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 (Rs2.84 Billion ≈ $30.75 Million USD) and total liabilities (Rs657.61 Million ≈ $7.11 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 INDOTHAI asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.19 Billion
% of Total Assets	76.87%
Annual Growth Rate	23.97%
5-Year Change	227.11%
10-Year Change	304.41%
Growth Volatility	83.78

Indo Thai Securities Limited - Net Assets Trend (2007–2025)

This chart illustrates how Indo Thai Securities Limited's net assets have evolved over time, based on quarterly financial data. Also explore Indo Thai Securities Limited (INDOTHAI) total assets for the complete picture of this company's asset base.

Annual Net Assets for Indo Thai Securities Limited (2007–2025)

The table below shows the annual net assets of Indo Thai Securities Limited from 2007 to 2025. For live valuation and market cap data, see Indo Thai Securities Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs1.81 Billion ≈ $19.57 Million	+141.16%
2024-03-31	Rs750.52 Million ≈ $8.12 Million	+22.58%
2023-03-31	Rs612.25 Million ≈ $6.62 Million	-4.70%
2022-03-31	Rs642.43 Million ≈ $6.95 Million	+16.11%
2021-03-31	Rs553.31 Million ≈ $5.98 Million	+22.88%
2020-03-31	Rs450.29 Million ≈ $4.87 Million	-20.14%
2019-03-31	Rs563.81 Million ≈ $6.10 Million	+1.46%
2018-03-31	Rs555.71 Million ≈ $6.01 Million	+18.63%
2017-03-31	Rs468.45 Million ≈ $5.07 Million	+4.67%
2016-03-31	Rs447.55 Million ≈ $4.84 Million	+12.89%
2015-03-31	Rs396.45 Million ≈ $4.29 Million	+7.86%
2014-03-31	Rs367.58 Million ≈ $3.98 Million	+2.41%
2013-03-31	Rs358.93 Million ≈ $3.88 Million	-0.19%
2012-03-31	Rs359.62 Million ≈ $3.89 Million	+355.48%
2011-03-31	Rs78.95 Million ≈ $853.86K	+15.60%
2010-03-31	Rs68.30 Million ≈ $738.63K	+40.00%
2009-03-31	Rs48.78 Million ≈ $527.58K	+12.31%
2008-03-31	Rs43.44 Million ≈ $469.77K	+14.89%
2007-03-31	Rs37.81 Million ≈ $408.87K	--

Equity Component Analysis

This analysis shows how different components contribute to Indo Thai Securities 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 45003800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs450.04 Million	25.10%
Common Stock	Rs116.92 Million	6.52%
Other Comprehensive Income	Rs211.66 Million	11.81%
Other Components	Rs1.01 Billion	56.57%
Total Equity	Rs1.79 Billion	100.00%

Indo Thai Securities Limited Competitors by Market Cap

The table below lists competitors of Indo Thai Securities Limited ranked by their market capitalization.

Company	Market Cap
TrueLight TWO:3234	$398.62 Million
Rapac Communication & Infrastructure Ltd TA:RPAC	$398.64 Million
Bosch Fren Sistemleri Sanayi ve Ticaret AS IS:BFREN	$398.73 Million
AVI Japan Opportunity Trust PLC LSE:AJOT	$398.77 Million
Promate Electronic Co Ltd TW:6189	$398.49 Million
Star Gas Partners LP NYSE:SGU	$398.24 Million
Puradelta Lestari PT JK:DMAS	$398.21 Million
Malaysian Resources Corporation KLSE:1651	$398.18 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Indo Thai Securities Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 729,890,000 to 1,792,905,000, a change of 1,063,015,000 (145.6%).
Net income of 82,454,000 contributed positively to equity growth.
Dividend payments of 6,000,000 reduced retained earnings.
Share repurchases of 991,860,000 reduced equity.
New share issuances of 991,860,000 increased equity.
Other comprehensive income increased equity by 194,070,999.
Other factors increased equity by 792,490,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs82.45 Million	+4.6%
Dividends Paid	Rs6.00 Million	-0.33%
Share Repurchases	Rs991.86 Million	-55.32%
Share Issuances	Rs991.86 Million	+55.32%
Other Comprehensive Income	Rs194.07 Million	+10.82%
Other Changes	Rs792.49 Million	+44.2%
Total Change	Rs-	145.64%

Book Value vs Market Value Analysis

This analysis compares Indo Thai Securities 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: 1.70x
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 45.68x to 1.70x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-03-31	Rs6.30	Rs287.85	x
2008-03-31	Rs7.24	Rs287.85	x
2009-03-31	Rs8.13	Rs287.85	x
2010-03-31	Rs11.38	Rs287.85	x
2011-03-31	Rs13.16	Rs287.85	x
2012-03-31	Rs46.67	Rs287.85	x
2013-03-31	Rs35.85	Rs287.85	x
2014-03-31	Rs36.80	Rs287.85	x
2015-03-31	Rs39.65	Rs287.85	x
2016-03-31	Rs44.73	Rs287.85	x
2017-03-31	Rs46.84	Rs287.85	x
2018-03-31	Rs55.57	Rs287.85	x
2019-03-31	Rs56.38	Rs287.85	x
2020-03-31	Rs45.03	Rs287.85	x
2021-03-31	Rs55.33	Rs287.85	x
2022-03-31	Rs64.26	Rs287.85	x
2023-03-31	Rs58.54	Rs287.85	x
2024-03-31	Rs72.99	Rs287.85	x
2025-03-31	Rs168.88	Rs287.85	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Indo Thai Securities 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): 4.60%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 55.28%
• Asset Turnover: 0.07x
• Equity Multiplier: 1.27x
Recent ROE (4.60%) is below the historical average (7.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	4.74%	8.61%	0.33x	1.67x	Rs-1.99 Million
2008	12.96%	14.96%	0.33x	2.59x	Rs1.29 Million
2009	10.72%	5.08%	0.88x	2.40x	Rs350.22K
2010	28.57%	59.81%	0.24x	1.99x	Rs12.69 Million
2011	13.49%	23.18%	0.33x	1.79x	Rs2.76 Million
2012	0.56%	4.57%	0.11x	1.08x	Rs-33.94 Million
2013	-0.19%	-1.00%	0.16x	1.18x	Rs-36.59 Million
2014	2.35%	4.60%	0.40x	1.27x	Rs-28.11 Million
2015	7.47%	9.25%	0.61x	1.32x	Rs-10.03 Million
2016	14.11%	16.35%	0.80x	1.09x	Rs18.38 Million
2017	7.03%	7.41%	0.78x	1.21x	Rs-13.91 Million
2018	15.70%	15.28%	0.76x	1.36x	Rs31.69 Million
2019	-2.33%	-39.99%	0.04x	1.46x	Rs-69.50 Million
2020	-24.09%	0.00%	-0.12x	1.56x	Rs-153.49 Million
2021	18.37%	78.34%	0.17x	1.42x	Rs46.30 Million
2022	15.45%	196.38%	0.05x	1.69x	Rs35.02 Million
2023	-11.08%	-116.15%	0.05x	1.83x	Rs-123.38 Million
2024	21.89%	66.67%	0.20x	1.66x	Rs86.81 Million
2025	4.60%	55.28%	0.07x	1.27x	Rs-96.84 Million

Industry Comparison

This section compares Indo Thai Securities Limited's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $1,760,362,035
Average return on equity (ROE) among peers: 9.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Indo Thai Securities Limited (INDOTHAI)	Rs2.19 Billion	4.74%	0.30x	$398.52 Million
21st Century Management Services Limited (21STCENMGM)	$456.10 Million	12.69%	0.44x	$4.15 Million
5paisa Capital Ltd (5PAISA)	$121.33 Million	-45.32%	2.67x	$113.39 Million
Abans Holdings Limited (AHL)	$7.36 Billion	8.41%	0.59x	$117.39 Million
AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) (AIIL)	$552.74 Million	2.13%	0.52x	$4.33 Billion
Almondz Global Securities Limited (ALMONDZ)	$1.10 Billion	10.23%	0.67x	$30.95 Million
Angel One Limited (ANGELONE)	$3.47 Billion	12.65%	1.81x	$3.03 Billion
Arihant Capital Markets Limited (ARIHANTCAP)	$1.19 Billion	17.41%	1.60x	$83.11 Million
Ausom Enterprise Limited (AUSOMENT)	$605.47 Million	34.34%	0.54x	$21.77 Million
Avonmore Capital & Management Services Limited (AVONMORE)	$1.13 Billion	5.92%	0.68x	$37.72 Million
Aditya Birla Money Limited (BIRLAMONEY)	$1.63 Billion	32.55%	12.01x	$89.41 Million

About Indo Thai Securities Limited

NSE:INDOTHAI India Capital Markets

Market Cap

$398.52 Million

Rs36.85 Billion INR

Market Cap Rank

#13705 Global

#652 in India

Share Price

Rs287.85

Change (1 day)

-3.06%

52-Week Range

Rs147.94 - Rs2120.20

All Time High

Rs2120.20