Shilpa Medicare Limited
Shilpa Medicare Limited, together with its subsidiaries, manufactures and sells active pharmaceutical ingredients (APIs), finished dosage formulations, biosimilars, and contract development and manufacturing organisation in India, the United States, Europe, and internationally. The company offers various oncology and non-oncology APIs, such as anastrozole, acebrophylline, ambroxol hydrochloride, … Read more
Shilpa Medicare Limited (SHILPAMED) - Net Assets
Latest net assets as of September 2025: ₹24.39 Billion INR
Based on the latest financial reports, Shilpa Medicare Limited (SHILPAMED) has net assets worth ₹24.39 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹34.95 Billion) and total liabilities (₹10.57 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹24.39 Billion |
| % of Total Assets | 69.77% |
| Annual Growth Rate | 24.82% |
| 5-Year Change | 61.07% |
| 10-Year Change | 231.93% |
| Growth Volatility | 29.21 |
Shilpa Medicare Limited - Net Assets Trend (2006–2025)
This chart illustrates how Shilpa Medicare Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shilpa Medicare Limited (2006–2025)
The table below shows the annual net assets of Shilpa Medicare Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹23.64 Billion | +31.32% |
| 2024-03-31 | ₹18.00 Billion | +1.44% |
| 2023-03-31 | ₹17.74 Billion | -2.03% |
| 2022-03-31 | ₹18.11 Billion | +23.42% |
| 2021-03-31 | ₹14.67 Billion | +11.05% |
| 2020-03-31 | ₹13.21 Billion | +11.05% |
| 2019-03-31 | ₹11.90 Billion | +10.20% |
| 2018-03-31 | ₹10.80 Billion | +18.16% |
| 2017-03-31 | ₹9.14 Billion | +28.33% |
| 2016-03-31 | ₹7.12 Billion | +26.86% |
| 2015-03-31 | ₹5.61 Billion | +38.10% |
| 2014-03-31 | ₹4.06 Billion | +23.49% |
| 2013-03-31 | ₹3.29 Billion | +17.20% |
| 2012-03-31 | ₹2.81 Billion | +19.75% |
| 2011-03-31 | ₹2.35 Billion | +131.57% |
| 2010-03-31 | ₹1.01 Billion | +71.88% |
| 2009-03-31 | ₹589.21 Million | +5.21% |
| 2008-03-31 | ₹560.02 Million | +33.95% |
| 2007-03-31 | ₹418.09 Million | +19.40% |
| 2006-03-31 | ₹350.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shilpa Medicare 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 1097088500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹10.97 Billion | 46.25% |
| Common Stock | ₹97.76 Million | 0.41% |
| Other Comprehensive Income | ₹523.26 Million | 2.21% |
| Other Components | ₹12.13 Billion | 51.14% |
| Total Equity | ₹23.72 Billion | 100.00% |
Shilpa Medicare Limited Competitors by Market Cap
The table below lists competitors of Shilpa Medicare Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D&O Home Collection Co Ltd
SHE:002798
|
$345.01 Million |
|
Emdoor Information Co. Ltd. A
SHE:001314
|
$345.23 Million |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
$345.26 Million |
|
Zhuhai Huajin Capital Co Ltd
SHE:000532
|
$345.30 Million |
|
Matrix Concepts Holdings Bhd
KLSE:5236
|
$344.99 Million |
|
AfreecaTV Co. Ltd
KQ:067160
|
$344.98 Million |
|
Zhejiang Damon Technology Co Ltd
SHG:688360
|
$344.90 Million |
|
Guangzhou Devotion Therm Tech
SHE:300335
|
$344.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shilpa Medicare Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,086,941,000 to 23,722,364,000, a change of 5,635,423,000 (31.2%).
- Net income of 782,930,000 contributed positively to equity growth.
- Share repurchases of 4,891,034,000 reduced equity.
- New share issuances of 4,891,034,000 increased equity.
- Other comprehensive income increased equity by 111,465,000.
- Other factors increased equity by 4,741,028,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹782.93 Million | +3.3% |
| Share Repurchases | ₹4.89 Billion | -20.62% |
| Share Issuances | ₹4.89 Billion | +20.62% |
| Other Comprehensive Income | ₹111.47 Million | +0.47% |
| Other Changes | ₹4.74 Billion | +19.99% |
| Total Change | ₹- | 31.16% |
Book Value vs Market Value Analysis
This analysis compares Shilpa Medicare 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: 2.61x
- 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 79.61x to 2.61x 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 | ₹3.99 | ₹317.90 | x |
| 2007-03-31 | ₹4.01 | ₹317.90 | x |
| 2008-03-31 | ₹4.39 | ₹317.90 | x |
| 2009-03-31 | ₹4.48 | ₹317.90 | x |
| 2010-03-31 | ₹7.66 | ₹317.90 | x |
| 2011-03-31 | ₹16.06 | ₹317.90 | x |
| 2012-03-31 | ₹19.18 | ₹317.90 | x |
| 2013-03-31 | ₹21.78 | ₹317.90 | x |
| 2014-03-31 | ₹25.71 | ₹317.90 | x |
| 2015-03-31 | ₹35.31 | ₹317.90 | x |
| 2016-03-31 | ₹45.56 | ₹317.90 | x |
| 2017-03-31 | ₹117.62 | ₹317.90 | x |
| 2018-03-31 | ₹67.37 | ₹317.90 | x |
| 2019-03-31 | ₹73.45 | ₹317.90 | x |
| 2020-03-31 | ₹81.53 | ₹317.90 | x |
| 2021-03-31 | ₹181.37 | ₹317.90 | x |
| 2022-03-31 | ₹109.07 | ₹317.90 | x |
| 2023-03-31 | ₹102.72 | ₹317.90 | x |
| 2024-03-31 | ₹104.19 | ₹317.90 | x |
| 2025-03-31 | ₹121.80 | ₹317.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shilpa Medicare 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): 3.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.40x
- Recent ROE (3.30%) is below the historical average (12.38%), 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 | 11.32% | 8.32% | 1.05x | 1.30x | ₹4.63 Million |
| 2007 | 16.97% | 10.51% | 1.05x | 1.54x | ₹29.14 Million |
| 2008 | 20.21% | 11.81% | 0.53x | 3.22x | ₹57.20 Million |
| 2009 | -1.78% | -0.63% | 0.75x | 3.76x | ₹-69.09 Million |
| 2010 | 42.06% | 16.08% | 1.02x | 2.58x | ₹324.68 Million |
| 2011 | 21.96% | 17.00% | 0.84x | 1.54x | ₹268.81 Million |
| 2012 | 14.91% | 12.96% | 0.73x | 1.57x | ₹135.81 Million |
| 2013 | 14.77% | 12.75% | 0.67x | 1.72x | ₹153.00 Million |
| 2014 | 19.09% | 13.80% | 0.81x | 1.71x | ₹360.25 Million |
| 2015 | 13.59% | 12.01% | 0.68x | 1.67x | ₹194.72 Million |
| 2016 | 15.26% | 16.99% | 0.62x | 1.45x | ₹373.65 Million |
| 2017 | 11.74% | 14.74% | 0.53x | 1.50x | ₹159.55 Million |
| 2018 | 9.70% | 14.05% | 0.50x | 1.38x | ₹-32.62 Million |
| 2019 | 9.37% | 16.00% | 0.44x | 1.34x | ₹-74.98 Million |
| 2020 | 11.75% | 17.37% | 0.45x | 1.50x | ₹232.17 Million |
| 2021 | 9.99% | 16.42% | 0.34x | 1.78x | ₹-862.60K |
| 2022 | 3.33% | 5.32% | 0.40x | 1.58x | ₹-1.22 Billion |
| 2023 | -1.82% | -3.12% | 0.36x | 1.63x | ₹-2.11 Billion |
| 2024 | 1.76% | 2.76% | 0.37x | 1.71x | ₹-1.49 Billion |
| 2025 | 3.30% | 6.09% | 0.39x | 1.40x | ₹-1.59 Billion |
Industry Comparison
This section compares Shilpa Medicare Limited's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $12,445,167,922
- Average return on equity (ROE) among peers: 14.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shilpa Medicare Limited (SHILPAMED) | ₹24.39 Billion | 11.32% | 0.43x | $345.00 Million |
| Aarey Drugs & Pharmaceuticals Limited (AAREYDRUGS) | $802.45 Million | 7.70% | 1.12x | $11.20 Million |
| Aarti Drugs Limited (AARTIDRUGS) | $1.12 Billion | 12.32% | 2.74x | $149.72 Million |
| Abbott India Limited (ABBOTINDIA) | $42.33 Billion | 33.41% | 0.40x | $1.59 Billion |
| Ajanta Pharma Limited (AJANTPHARM) | $15.68 Billion | 32.33% | 0.16x | $1.46 Billion |
| Akums Drugs and Pharmaceutical (AKUMS) | $7.20 Billion | -0.56% | 3.88x | $123.83 Million |
| Albert David Limited (ALBERTDAVD) | $2.44 Billion | 9.06% | 0.40x | $15.85 Million |
| Alivus Life Sciences Limited (ALIVUS) | $28.17 Billion | 17.24% | 0.21x | $333.13 Million |
| Alkem Laboratories Limited (ALKEM) | $23.74 Billion | 20.90% | 0.71x | $2.41 Billion |
| Alpa Laboratories Limited (ALPA) | $56.73 Million | 0.53% | 2.47x | $5.55 Million |
| Amrutanjan Health Care Limited (AMRUTANJAN) | $2.91 Billion | 13.70% | 0.25x | $77.60 Million |