Salona Cotspin Limited (SALONA) - Net Assets
Based on the latest financial reports, Salona Cotspin Limited (SALONA) has net assets worth Rs851.75 Million INR (≈ $9.21 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 (Rs3.55 Billion ≈ $38.44 Million USD) and total liabilities (Rs2.70 Billion ≈ $29.23 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 SALONA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs851.75 Million |
| % of Total Assets | 23.96% |
| Annual Growth Rate | 12.58% |
| 5-Year Change | 117.21% |
| 10-Year Change | 236.17% |
| Growth Volatility | 15.79 |
Salona Cotspin Limited - Net Assets Trend (2006–2025)
This chart illustrates how Salona Cotspin Limited's net assets have evolved over time, based on quarterly financial data. Also explore SALONA total asset value for the complete picture of this company's asset base.
Annual Net Assets for Salona Cotspin Limited (2006–2025)
The table below shows the annual net assets of Salona Cotspin Limited from 2006 to 2025. For live valuation and market cap data, see Salona Cotspin Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs825.77 Million ≈ $8.93 Million |
+3.52% |
| 2024-03-31 | Rs797.68 Million ≈ $8.63 Million |
+7.53% |
| 2023-03-31 | Rs741.80 Million ≈ $8.02 Million |
+29.60% |
| 2022-03-31 | Rs572.40 Million ≈ $6.19 Million |
+50.56% |
| 2021-03-31 | Rs380.17 Million ≈ $4.11 Million |
+18.48% |
| 2020-03-31 | Rs320.88 Million ≈ $3.47 Million |
+2.45% |
| 2019-03-31 | Rs313.22 Million ≈ $3.39 Million |
+4.32% |
| 2018-03-31 | Rs300.27 Million ≈ $3.25 Million |
+7.60% |
| 2017-03-31 | Rs279.07 Million ≈ $3.02 Million |
+13.61% |
| 2016-03-31 | Rs245.64 Million ≈ $2.66 Million |
+7.88% |
| 2015-03-31 | Rs227.70 Million ≈ $2.46 Million |
+10.19% |
| 2014-03-31 | Rs206.65 Million ≈ $2.23 Million |
+31.30% |
| 2013-03-31 | Rs157.39 Million ≈ $1.70 Million |
+24.65% |
| 2012-03-31 | Rs126.26 Million ≈ $1.37 Million |
-28.01% |
| 2011-03-31 | Rs175.38 Million ≈ $1.90 Million |
+28.22% |
| 2010-03-31 | Rs136.78 Million ≈ $1.48 Million |
+13.66% |
| 2009-03-31 | Rs120.35 Million ≈ $1.30 Million |
+1.18% |
| 2008-03-31 | Rs118.94 Million ≈ $1.29 Million |
+10.07% |
| 2007-03-31 | Rs108.07 Million ≈ $1.17 Million |
+24.30% |
| 2006-03-31 | Rs86.94 Million ≈ $940.22K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Salona Cotspin 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 76895900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs768.96 Million | 93.12% |
| Common Stock | Rs53.29 Million | 6.45% |
| Other Comprehensive Income | Rs3.52 Million | 0.43% |
| Total Equity | Rs825.77 Million | 100.00% |
Salona Cotspin Limited Competitors by Market Cap
The table below lists competitors of Salona Cotspin Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nepa AB
ST:NEPA
|
$14.98 Million |
|
Euro Manganese Inc
V:EMN
|
$14.98 Million |
|
Shape Robotics AS
CO:SHAPE
|
$14.98 Million |
|
Greenvale Energy Ltd
AU:GRV
|
$14.98 Million |
|
BBI Development S.A.
WAR:BBD
|
$14.97 Million |
|
Salee Printing Public Company Limited
BK:SLP
|
$14.96 Million |
|
Air Industries Group
NYSE MKT:AIRI
|
$14.96 Million |
|
CTRL Group Limited Ordinary Shares
NASDAQ:MCTR
|
$14.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Salona Cotspin Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 797,679,000 to 825,771,000, a change of 28,092,000 (3.5%).
- Net income of 31,331,000 contributed positively to equity growth.
- Dividend payments of 5,262,000 reduced retained earnings.
- Other comprehensive income increased equity by 379,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs31.33 Million | +3.79% |
| Dividends Paid | Rs5.26 Million | -0.64% |
| Other Comprehensive Income | Rs379.00K | +0.05% |
| Other Changes | Rs1.64 Million | +0.2% |
| Total Change | Rs- | 3.52% |
Book Value vs Market Value Analysis
This analysis compares Salona Cotspin 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: 1.68x
- 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 16.19x to 1.68x 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 | Rs16.25 | Rs263.05 | x |
| 2007-03-31 | Rs20.20 | Rs263.05 | x |
| 2008-03-31 | Rs22.23 | Rs263.05 | x |
| 2009-03-31 | Rs22.49 | Rs263.05 | x |
| 2010-03-31 | Rs25.99 | Rs263.05 | x |
| 2011-03-31 | Rs33.33 | Rs263.05 | x |
| 2012-03-31 | Rs23.99 | Rs263.05 | x |
| 2013-03-31 | Rs29.91 | Rs263.05 | x |
| 2014-03-31 | Rs39.27 | Rs263.05 | x |
| 2015-03-31 | Rs43.27 | Rs263.05 | x |
| 2016-03-31 | Rs46.66 | Rs263.05 | x |
| 2017-03-31 | Rs53.03 | Rs263.05 | x |
| 2018-03-31 | Rs57.06 | Rs263.05 | x |
| 2019-03-31 | Rs59.52 | Rs263.05 | x |
| 2020-03-31 | Rs60.98 | Rs263.05 | x |
| 2021-03-31 | Rs72.24 | Rs263.05 | x |
| 2022-03-31 | Rs108.78 | Rs263.05 | x |
| 2023-03-31 | Rs140.96 | Rs263.05 | x |
| 2024-03-31 | Rs151.53 | Rs263.05 | x |
| 2025-03-31 | Rs156.90 | Rs263.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Salona Cotspin 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): 3.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.47%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 4.29x
- Recent ROE (3.79%) is below the historical average (11.84%), 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 | 19.09% | 5.04% | 0.75x | 5.08x | Rs7.90 Million |
| 2007 | 24.92% | 6.64% | 0.80x | 4.71x | Rs16.13 Million |
| 2008 | 9.04% | 2.33% | 0.82x | 4.75x | Rs-1.14 Million |
| 2009 | 1.06% | 0.26% | 0.95x | 4.28x | Rs-10.76 Million |
| 2010 | 16.50% | 4.08% | 0.79x | 5.12x | Rs8.90 Million |
| 2011 | 25.50% | 5.62% | 0.90x | 5.03x | Rs27.18 Million |
| 2012 | -38.90% | -6.22% | 1.25x | 5.03x | Rs-61.75 Million |
| 2013 | 19.78% | 3.63% | 1.40x | 3.88x | Rs15.39 Million |
| 2014 | 27.41% | 5.32% | 1.69x | 3.04x | Rs35.98 Million |
| 2015 | 9.25% | 2.04% | 1.90x | 2.39x | Rs-1.71 Million |
| 2016 | 9.24% | 2.30% | 1.54x | 2.62x | Rs-1.88 Million |
| 2017 | 11.98% | 2.75% | 1.72x | 2.54x | Rs5.52 Million |
| 2018 | 7.10% | 2.02% | 1.26x | 2.78x | Rs-8.72 Million |
| 2019 | 5.21% | 1.24% | 1.46x | 2.87x | Rs-15.02 Million |
| 2020 | 3.66% | 0.98% | 1.44x | 2.60x | Rs-20.35 Million |
| 2021 | 16.31% | 2.69% | 1.66x | 3.64x | Rs23.98 Million |
| 2022 | 34.57% | 3.06% | 2.84x | 3.98x | Rs140.65 Million |
| 2023 | 23.68% | 3.61% | 1.80x | 3.64x | Rs101.51 Million |
| 2024 | 7.68% | 0.91% | 1.86x | 4.56x | Rs-18.49 Million |
| 2025 | 3.79% | 0.47% | 1.87x | 4.29x | Rs-51.25 Million |
Industry Comparison
This section compares Salona Cotspin Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-11,328,224,579
- Average return on equity (ROE) among peers: 5.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Salona Cotspin Limited (SALONA) | Rs851.75 Million | 19.09% | 3.17x | $14.97 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.72 Billion | 2.06% | 2.38x | $38.07 Million |
| Akshar Spintex Limited (AKSHAR) | $194.97 Million | -2.63% | 2.61x | $4.09 Million |
| Alok Industries Limited (ALOKINDS) | $-123.08 Billion | 0.00% | 0.00x | $740.48 Million |
| Alps Industries Limited (ALPSINDUS) | $-7.74 Billion | 0.00% | 0.00x | $1.45 Million |
| Axita Cotton Limited (AXITA) | $25.59 Million | 2.29% | 4.18x | $30.46 Million |
| AYM Syntex Limited (AYMSYNTEX) | $3.03 Billion | 1.94% | 1.66x | $147.81 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.48 Billion | 10.96% | 3.19x | $43.60 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $2.08 Billion | 18.68% | 3.00x | $21.26 Million |
| Bombay Dyeing & Mfg Company Limited (BOMDYEING) | $4.65 Billion | 13.20% | 1.47x | $252.53 Million |
| Cheviot Company Limited (CHEVIOT) | $2.36 Billion | 5.07% | 0.09x | $74.09 Million |
About Salona Cotspin Limited
Salona Cotspin Limited engages in the manufacture and sale of cotton yarn, knitted fabrics, and garments in India and internationally. It offers ring spun, compact, open end, blend, melange, slub, organic, regenagri, recycle cotton, and contamination free yarn products. The company also provides grey, dyed, and printed fabrics, as well as single jersey, interlock/double knit, single/double rib, f… Read more