Mahindra Holidays & Resorts India Limited (MHRIL) - Net Assets
Based on the latest financial reports, Mahindra Holidays & Resorts India Limited (MHRIL) has net assets worth Rs7.39 Billion INR (≈ $79.90 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 (Rs109.84 Billion ≈ $1.19 Billion USD) and total liabilities (Rs102.45 Billion ≈ $1.11 Billion 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 MHRIL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs7.39 Billion |
| % of Total Assets | 6.73% |
| Annual Growth Rate | 19.27% |
| 5-Year Change | 768.35% |
| 10-Year Change | 5.82% |
| Growth Volatility | 73.89 |
Mahindra Holidays & Resorts India Limited - Net Assets Trend (2005–2025)
This chart illustrates how Mahindra Holidays & Resorts India Limited's net assets have evolved over time, based on quarterly financial data. Also explore MHRIL asset base for the complete picture of this company's asset base.
Annual Net Assets for Mahindra Holidays & Resorts India Limited (2005–2025)
The table below shows the annual net assets of Mahindra Holidays & Resorts India Limited from 2005 to 2025. For live valuation and market cap data, see market cap of Mahindra Holidays & Resorts India Limite.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs7.89 Billion ≈ $85.30 Million |
+47.88% |
| 2024-03-31 | Rs5.33 Billion ≈ $57.68 Million |
+33.83% |
| 2023-03-31 | Rs3.99 Billion ≈ $43.10 Million |
+53.41% |
| 2022-03-31 | Rs2.60 Billion ≈ $28.10 Million |
+186.02% |
| 2021-03-31 | Rs908.31 Million ≈ $9.82 Million |
+63.27% |
| 2020-03-31 | Rs556.32 Million ≈ $6.02 Million |
-82.11% |
| 2019-03-31 | Rs3.11 Billion ≈ $33.63 Million |
-57.91% |
| 2018-03-31 | Rs7.39 Billion ≈ $79.90 Million |
+18.09% |
| 2017-03-31 | Rs6.26 Billion ≈ $67.66 Million |
-16.06% |
| 2016-03-31 | Rs7.45 Billion ≈ $80.61 Million |
+2.74% |
| 2015-03-31 | Rs7.25 Billion ≈ $78.46 Million |
-4.72% |
| 2014-03-31 | Rs7.61 Billion ≈ $82.34 Million |
+24.01% |
| 2013-03-31 | Rs6.14 Billion ≈ $66.40 Million |
+8.92% |
| 2012-03-31 | Rs5.64 Billion ≈ $60.96 Million |
+12.64% |
| 2011-03-31 | Rs5.00 Billion ≈ $54.12 Million |
+14.03% |
| 2010-03-31 | Rs4.39 Billion ≈ $47.46 Million |
+124.09% |
| 2009-03-31 | Rs1.96 Billion ≈ $21.18 Million |
+34.78% |
| 2008-03-31 | Rs1.45 Billion ≈ $15.71 Million |
+235.57% |
| 2006-03-31 | Rs433.00 Million ≈ $4.68 Million |
+86.16% |
| 2005-03-31 | Rs232.60 Million ≈ $2.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mahindra Holidays & Resorts India 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 819920100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs8.15 Billion | 104.40% |
| Common Stock | Rs2.02 Billion | 25.84% |
| Other Comprehensive Income | Rs-2.99 Billion | -38.31% |
| Other Components | Rs630.18 Million | 8.07% |
| Total Equity | Rs7.80 Billion | 100.00% |
Mahindra Holidays & Resorts India Limited Competitors by Market Cap
The table below lists competitors of Mahindra Holidays & Resorts India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Shine-Link Intl
SHG:603648
|
$538.81 Million |
|
Hangzhou Juheshun New Material Co Ltd
SHG:605166
|
$538.85 Million |
|
Maanshan Iron & Steel Company Limited
F:YM9A
|
$538.91 Million |
|
Runa Smart Equipment Co. Ltd.
SHE:301129
|
$538.91 Million |
|
SHANDONG BOAN BIOTECH.H 1
F:UJ9
|
$538.40 Million |
|
Sichuan Dawn Precision Technology Co Ltd
SHE:300780
|
$538.28 Million |
|
Continental Holdings Corp
TW:3703
|
$538.17 Million |
|
Viromed Medical AG
DU:Q11
|
$537.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mahindra Holidays & Resorts India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,240,673,000 to 7,804,495,000, a change of 2,563,822,000 (48.9%).
- Net income of 1,275,864,000 contributed positively to equity growth.
- Dividend payments of 135,000 reduced retained earnings.
- Share repurchases of 23,497,000 reduced equity.
- New share issuances of 23,497,000 increased equity.
- Other comprehensive income increased equity by 2,344,384,000.
- Other factors decreased equity by 1,056,291,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.28 Billion | +16.35% |
| Dividends Paid | Rs135.00K | -0.0% |
| Share Repurchases | Rs23.50 Million | -0.3% |
| Share Issuances | Rs23.50 Million | +0.3% |
| Other Comprehensive Income | Rs2.34 Billion | +30.04% |
| Other Changes | Rs-1.06 Billion | -13.53% |
| Total Change | Rs- | 48.92% |
Book Value vs Market Value Analysis
This analysis compares Mahindra Holidays & Resorts India 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: 6.38x
- 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 100.51x to 6.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs2.46 | Rs247.05 | x |
| 2007-03-31 | Rs18.92 | Rs247.05 | x |
| 2008-03-31 | Rs8.24 | Rs247.05 | x |
| 2009-03-31 | Rs11.11 | Rs247.05 | x |
| 2010-03-31 | Rs23.61 | Rs247.05 | x |
| 2011-03-31 | Rs26.41 | Rs247.05 | x |
| 2012-03-31 | Rs29.83 | Rs247.05 | x |
| 2013-03-31 | Rs32.47 | Rs247.05 | x |
| 2014-03-31 | Rs38.46 | Rs247.05 | x |
| 2015-03-31 | Rs36.60 | Rs247.05 | x |
| 2016-03-31 | Rs33.74 | Rs247.05 | x |
| 2017-03-31 | Rs30.01 | Rs247.05 | x |
| 2018-03-31 | Rs35.67 | Rs247.05 | x |
| 2019-03-31 | Rs14.12 | Rs247.05 | x |
| 2020-03-31 | Rs2.32 | Rs247.05 | x |
| 2021-03-31 | Rs4.25 | Rs247.05 | x |
| 2022-03-31 | Rs12.46 | Rs247.05 | x |
| 2023-03-31 | Rs19.40 | Rs247.05 | x |
| 2024-03-31 | Rs26.03 | Rs247.05 | x |
| 2025-03-31 | Rs38.72 | Rs247.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mahindra Holidays & Resorts India 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): 16.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.71%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 13.60x
- Recent ROE (16.35%) is below the historical average (28.03%), 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 | 46.28% | 13.12% | 0.44x | 7.94x | Rs157.10 Million |
| 2007 | 12.76% | 18.31% | 0.00x | 0.00x | Rs91.91 Million |
| 2008 | 57.75% | 23.78% | 0.47x | 5.13x | Rs693.69 Million |
| 2009 | 40.76% | 20.30% | 0.39x | 5.13x | Rs602.20 Million |
| 2010 | 26.70% | 24.72% | 0.32x | 3.38x | Rs732.14 Million |
| 2011 | 20.05% | 20.04% | 0.30x | 3.38x | Rs502.84 Million |
| 2012 | 18.16% | 17.70% | 0.29x | 3.52x | Rs459.96 Million |
| 2013 | 14.84% | 13.09% | 0.31x | 3.66x | Rs296.42 Million |
| 2014 | 11.44% | 11.32% | 0.30x | 3.40x | Rs109.54 Million |
| 2015 | 11.20% | 10.82% | 0.27x | 3.90x | Rs87.14 Million |
| 2016 | 14.78% | 6.69% | 0.38x | 5.86x | Rs320.38 Million |
| 2017 | 24.87% | 6.87% | 0.55x | 6.63x | Rs888.37 Million |
| 2018 | 18.61% | 6.01% | 0.49x | 6.33x | Rs612.27 Million |
| 2019 | 21.46% | 2.89% | 0.29x | 25.86x | Rs322.63 Million |
| 2020 | 141.37% | 2.93% | 0.25x | 191.88x | Rs608.36 Million |
| 2021 | -15.44% | -0.79% | 0.19x | 100.63x | Rs-215.45 Million |
| 2022 | 27.02% | 3.45% | 0.22x | 35.41x | Rs425.30 Million |
| 2023 | 29.54% | 4.68% | 0.26x | 23.90x | Rs761.45 Million |
| 2024 | 22.04% | 4.37% | 0.27x | 18.79x | Rs631.18 Million |
| 2025 | 16.35% | 4.71% | 0.26x | 13.60x | Rs495.41 Million |
Industry Comparison
This section compares Mahindra Holidays & Resorts India Limited's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $19,579,000,000
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mahindra Holidays & Resorts India Limited (MHRIL) | Rs7.39 Billion | 46.28% | 13.87x | $538.74 Million |
| Delta Corp Limited (DELTACORP) | $19.58 Billion | 9.48% | 0.09x | $206.13 Million |
About Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited operates in the leisure hospitality sector in India, Finland, Sweden, Spain, Dubai, Thailand, and Malaysia. It provides vacation ownership and other accommodation related services. The company was incorporated in 1996 and is based in Mumbai, India. Mahindra Holidays & Resorts India Limited is a subsidiary of Mahindra & Mahindra Limited.