Shalby Limited (SHALBY) - Net Assets

Latest as of March 2026: Rs10.06 Billion INR ≈ $108.76 Million USD

Based on the latest financial reports, Shalby Limited (SHALBY) has net assets worth Rs10.06 Billion INR (≈ $108.76 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs18.39 Billion ≈ $198.89 Million USD) and total liabilities (Rs8.33 Billion ≈ $90.13 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. Also explore SHALBY total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs10.06 Billion
% of Total Assets	54.68%
Annual Growth Rate	18.88%
5-Year Change	14.78%
10-Year Change	265.08%
Growth Volatility	43.8

Shalby Limited - Net Assets Trend (2012–2026)

This chart illustrates how Shalby Limited's net assets have evolved over time, based on quarterly financial data. Check SHALBY goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Shalby Limited (2012–2026)

The table below shows the annual net assets of Shalby Limited from 2012 to 2026. For live valuation and market cap data, see SHALBY stock market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs10.06 Billion ≈ $108.76 Million	+1.04%
2025-03-31	Rs9.95 Billion ≈ $107.64 Million	-1.24%
2024-03-31	Rs10.08 Billion ≈ $108.99 Million	+8.64%
2023-03-31	Rs9.28 Billion ≈ $100.32 Million	+5.87%
2022-03-31	Rs8.76 Billion ≈ $94.76 Million	+4.97%
2021-03-31	Rs8.35 Billion ≈ $90.27 Million	+4.44%
2020-03-31	Rs7.99 Billion ≈ $86.43 Million	+2.49%
2019-03-31	Rs7.80 Billion ≈ $84.34 Million	+2.41%
2018-03-31	Rs7.62 Billion ≈ $82.35 Million	+176.43%
2017-03-31	Rs2.75 Billion ≈ $29.79 Million	+24.27%
2016-03-31	Rs2.22 Billion ≈ $23.97 Million	+29.81%
2015-03-31	Rs1.71 Billion ≈ $18.47 Million	+19.08%
2014-03-31	Rs1.43 Billion ≈ $15.51 Million	+35.63%
2013-03-31	Rs1.06 Billion ≈ $11.43 Million	+18.40%
2012-03-31	Rs892.99 Million ≈ $9.66 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shalby 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.08 Billion	10.70%
Other Components	Rs8.98 Billion	89.30%
Total Equity	Rs10.05 Billion	100.00%

Shalby Limited Competitors by Market Cap

The table below lists competitors of Shalby Limited ranked by their market capitalization.

Company	Market Cap
Hi-Tech Pipes Limited NSE:HITECH	$191.34 Million
Servet Gayrimenkul Yatirim Ortakligi AS IS:SRVGY	$191.44 Million
5paisa Capital Ltd NSE:5PAISA	$191.54 Million
ONWARD MEDICAL BV EO -12 F:63E	$191.55 Million
Avantium Holding BV AS:AVTX	$191.32 Million
KlaraBo Sverige AB Series B ST:KLARA-B	$191.21 Million
Akwel SA PA:AKW	$191.12 Million
Taigen Biopharmaceuticals Holdings Ltd TWO:4157	$191.08 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 9,921,880,000 to 10,052,340,000, a change of 130,460,000 (1.3%).
Net income of 373,890,000 contributed positively to equity growth.
New share issuances of 320,000 increased equity.
Other comprehensive income decreased equity by 20,069,999.
Other factors decreased equity by 223,680,001.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs373.89 Million	+3.72%
Share Issuances	Rs320.00K	+0.0%
Other Comprehensive Income	Rs-20.07 Million	-0.2%
Other Changes	Rs-223.68 Million	-2.23%
Total Change	Rs-	1.31%

Book Value vs Market Value Analysis

This analysis compares Shalby 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: 1.90x
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 21.15x to 1.90x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-03-31	Rs7.80	Rs164.88	x
2013-03-31	Rs9.44	Rs164.88	x
2014-03-31	Rs13.04	Rs164.88	x
2015-03-31	Rs15.59	Rs164.88	x
2016-03-31	Rs20.49	Rs164.88	x
2017-03-31	Rs25.50	Rs164.88	x
2018-03-31	Rs80.70	Rs164.88	x
2019-03-31	Rs72.20	Rs164.88	x
2020-03-31	Rs73.99	Rs164.88	x
2021-03-31	Rs77.28	Rs164.88	x
2022-03-31	Rs81.13	Rs164.88	x
2023-03-31	Rs86.36	Rs164.88	x
2024-03-31	Rs92.45	Rs164.88	x
2025-03-31	Rs92.50	Rs164.88	x
2026-03-31	Rs86.84	Rs164.88	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shalby 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): 3.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.28%
• Asset Turnover: 0.62x
• Equity Multiplier: 1.83x
Recent ROE (3.72%) is below the historical average (11.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	30.10%	14.25%	1.70x	1.24x	Rs169.24 Million
2013	16.78%	7.60%	1.48x	1.49x	Rs69.11 Million
2014	27.70%	15.08%	1.19x	1.54x	Rs249.40 Million
2015	15.28%	9.34%	0.78x	2.09x	Rs88.90 Million
2016	16.98%	12.94%	0.56x	2.35x	Rs154.53 Million
2017	22.72%	19.23%	0.45x	2.61x	Rs350.21 Million
2018	5.64%	11.20%	0.40x	1.27x	Rs-332.21 Million
2019	4.06%	6.87%	0.49x	1.20x	Rs-463.18 Million
2020	3.45%	5.67%	0.50x	1.21x	Rs-523.30 Million
2021	5.08%	9.84%	0.43x	1.19x	Rs-410.69 Million
2022	6.18%	7.74%	0.59x	1.36x	Rs-335.07 Million
2023	7.30%	8.41%	0.63x	1.38x	Rs-250.68 Million
2024	8.40%	9.00%	0.58x	1.61x	Rs-159.60 Million
2025	0.63%	0.57%	0.64x	1.72x	Rs-929.97 Million
2026	3.72%	3.28%	0.62x	1.83x	Rs-631.34 Million

Industry Comparison

This section compares Shalby Limited's net assets metrics with peer companies in the Medical Care Facilities industry.

Industry Context

Industry: Medical Care Facilities
Average net assets among peers: $10,566,619,900
Average return on equity (ROE) among peers: 4.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shalby Limited (SHALBY)	Rs10.06 Billion	30.10%	0.83x	$191.33 Million
Apollo Hospitals Enterprise Limited (APOLLOHOSP)	$19.24 Billion	9.12%	0.89x	$13.85 Billion
Aster DM Healthcare Limited (ASTERDM)	$22.46 Billion	5.91%	0.96x	$4.56 Billion
GPT Healthcare Ltd (GPTHEALTH)	$1.34 Billion	15.75%	1.37x	$132.27 Million
Healthcare Global Enterprises Limited (HCG)	$8.69 Billion	3.38%	1.66x	$1.06 Billion
Jupiter Life Line Hospitals Limited (JLHL)	$2.46 Billion	-0.93%	2.20x	$1.10 Billion
Krishna Institute of Medical Sciences Limited (KIMS)	$1.92 Billion	9.82%	1.94x	$3.41 Billion
Lotus Eye Hospital and Institute Limited (LOTUSEYE)	$509.11 Million	-4.42%	0.10x	$27.31 Million
Max Healthcare Institute Limited (MAXHEALTH)	$8.63 Billion	-4.42%	0.73x	$11.60 Billion
Max India Limited (MAXIND)	$6.53 Billion	-8.13%	0.53x	$93.07 Million
Global Health Limited (MEDANTA)	$33.88 Billion	14.21%	0.41x	$3.87 Billion

About Shalby Limited

NSE:SHALBY India Medical Care Facilities

Market Cap

$191.33 Million

Rs17.69 Billion INR

Market Cap Rank

#16672 Global

#881 in India

Share Price

Rs164.88

Change (1 day)

+0.54%

52-Week Range

Rs126.80 - Rs266.83

All Time High

Rs321.68