Taj GVK Hotels & Resorts Limited (TAJGVK) - Net Assets
Based on the latest financial reports, Taj GVK Hotels & Resorts Limited (TAJGVK) has net assets worth Rs14.19 Billion INR (≈ $153.50 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 (Rs17.80 Billion ≈ $192.48 Million USD) and total liabilities (Rs3.60 Billion ≈ $38.98 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 TAJGVK tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs14.19 Billion |
| % of Total Assets | 79.75% |
| Annual Growth Rate | 12.5% |
| 5-Year Change | 285.35% |
| 10-Year Change | 303.77% |
| Growth Volatility | 24.98 |
Taj GVK Hotels & Resorts Limited - Net Assets Trend (2005–2026)
This chart illustrates how Taj GVK Hotels & Resorts Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Taj GVK Hotels & Resorts Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Taj GVK Hotels & Resorts Limited (2005–2026)
The table below shows the annual net assets of Taj GVK Hotels & Resorts Limited from 2005 to 2026. For live valuation and market cap data, see Taj GVK Hotels & Resorts Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs14.19 Billion ≈ $153.50 Million |
+116.71% |
| 2025-03-31 | Rs6.55 Billion ≈ $70.83 Million |
+19.57% |
| 2024-03-31 | Rs5.48 Billion ≈ $59.24 Million |
+18.74% |
| 2023-03-31 | Rs4.61 Billion ≈ $49.89 Million |
+25.24% |
| 2022-03-31 | Rs3.68 Billion ≈ $39.83 Million |
+0.35% |
| 2021-03-31 | Rs3.67 Billion ≈ $39.70 Million |
-9.75% |
| 2020-03-31 | Rs4.07 Billion ≈ $43.98 Million |
+3.79% |
| 2019-03-31 | Rs3.92 Billion ≈ $42.38 Million |
+6.15% |
| 2018-03-31 | Rs3.69 Billion ≈ $39.92 Million |
+5.02% |
| 2017-03-31 | Rs3.52 Billion ≈ $38.02 Million |
+1.34% |
| 2016-03-31 | Rs3.47 Billion ≈ $37.51 Million |
+0.11% |
| 2015-03-31 | Rs3.46 Billion ≈ $37.47 Million |
-0.57% |
| 2014-03-31 | Rs3.48 Billion ≈ $37.69 Million |
+1.02% |
| 2013-03-31 | Rs3.45 Billion ≈ $37.31 Million |
+1.51% |
| 2012-03-31 | Rs3.40 Billion ≈ $36.75 Million |
+5.72% |
| 2011-03-31 | Rs3.21 Billion ≈ $34.76 Million |
+9.83% |
| 2010-03-31 | Rs2.93 Billion ≈ $31.65 Million |
+7.99% |
| 2009-03-31 | Rs2.71 Billion ≈ $29.31 Million |
+16.35% |
| 2008-03-31 | Rs2.33 Billion ≈ $25.19 Million |
+25.24% |
| 2007-03-31 | Rs1.86 Billion ≈ $20.11 Million |
+22.66% |
| 2006-03-31 | Rs1.52 Billion ≈ $16.40 Million |
+26.70% |
| 2005-03-31 | Rs1.20 Billion ≈ $12.94 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Taj GVK Hotels & Resorts 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 | Rs125.40 Million | 1.22% |
| Other Components | Rs10.12 Billion | 98.78% |
| Total Equity | Rs10.24 Billion | 100.00% |
Taj GVK Hotels & Resorts Limited Competitors by Market Cap
The table below lists competitors of Taj GVK Hotels & Resorts Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Jin Jiang International Hotels Development Co Ltd B
SHG:900934
|
$224.80 Million |
|
Computer Modelling Group Ltd.
TO:CMG
|
$224.84 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$224.89 Million |
|
Egetis Therapeutics AB (publ)
ST:EGTX
|
$224.90 Million |
|
Insecticides (India) Limited
NSE:INSECTICID
|
$224.71 Million |
|
Medical Facilities Corporation
TO:DR
|
$224.71 Million |
|
Asia Cement
KO:002030
|
$224.70 Million |
|
Eagle Financial Services Inc Common Stock
NASDAQ:EFSI
|
$224.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taj GVK Hotels & Resorts Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 6,549,600,000 to 10,242,500,000, a change of 3,692,900,000 (56.4%).
- Net income of 4,102,700,000 contributed positively to equity growth.
- Dividend payments of 125,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,051,157,999.
- Other factors increased equity by 766,757,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs4.10 Billion | +40.06% |
| Dividends Paid | Rs125.40 Million | -1.22% |
| Other Comprehensive Income | Rs-1.05 Billion | -10.26% |
| Other Changes | Rs766.76 Million | +7.49% |
| Total Change | Rs- | 56.38% |
Book Value vs Market Value Analysis
This analysis compares Taj GVK Hotels & Resorts 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: 2.03x
- 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 17.37x to 2.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs19.09 | Rs331.50 | x |
| 2006-03-31 | Rs24.18 | Rs331.50 | x |
| 2007-03-31 | Rs29.66 | Rs331.50 | x |
| 2008-03-31 | Rs37.15 | Rs331.50 | x |
| 2009-03-31 | Rs43.22 | Rs331.50 | x |
| 2010-03-31 | Rs46.68 | Rs331.50 | x |
| 2011-03-31 | Rs51.26 | Rs331.50 | x |
| 2012-03-31 | Rs54.20 | Rs331.50 | x |
| 2013-03-31 | Rs55.02 | Rs331.50 | x |
| 2014-03-31 | Rs55.58 | Rs331.50 | x |
| 2015-03-31 | Rs55.26 | Rs331.50 | x |
| 2016-03-31 | Rs55.32 | Rs331.50 | x |
| 2017-03-31 | Rs56.06 | Rs331.50 | x |
| 2018-03-31 | Rs58.88 | Rs331.50 | x |
| 2019-03-31 | Rs62.50 | Rs331.50 | x |
| 2020-03-31 | Rs64.86 | Rs331.50 | x |
| 2021-03-31 | Rs58.54 | Rs331.50 | x |
| 2022-03-31 | Rs58.74 | Rs331.50 | x |
| 2023-03-31 | Rs73.57 | Rs331.50 | x |
| 2024-03-31 | Rs87.36 | Rs331.50 | x |
| 2025-03-31 | Rs103.95 | Rs331.50 | x |
| 2026-03-31 | Rs163.05 | Rs331.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taj GVK Hotels & Resorts 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): 40.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.69%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.74x
- Recent ROE (40.06%) is above the historical average (12.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.46% | 19.13% | 0.49x | 1.98x | Rs101.20 Million |
| 2006 | 30.50% | 24.48% | 0.64x | 1.94x | Rs310.87 Million |
| 2007 | 34.58% | 26.48% | 0.73x | 1.80x | Rs457.23 Million |
| 2008 | 30.23% | 27.35% | 0.67x | 1.65x | Rs471.31 Million |
| 2009 | 19.47% | 22.22% | 0.50x | 1.76x | Rs256.63 Million |
| 2010 | 12.39% | 15.82% | 0.46x | 1.70x | Rs70.02 Million |
| 2011 | 13.48% | 16.63% | 0.49x | 1.67x | Rs111.97 Million |
| 2012 | 8.63% | 11.55% | 0.41x | 1.82x | Rs-46.52 Million |
| 2013 | 2.55% | 3.48% | 0.38x | 1.95x | Rs-257.12 Million |
| 2014 | 1.43% | 2.04% | 0.37x | 1.91x | Rs-298.69 Million |
| 2015 | -0.57% | -0.80% | 0.34x | 2.10x | Rs-366.22 Million |
| 2016 | 1.04% | 1.30% | 0.32x | 2.45x | Rs-310.95 Million |
| 2017 | 1.20% | 1.60% | 0.36x | 2.07x | Rs-309.23 Million |
| 2018 | 5.69% | 7.31% | 0.39x | 1.99x | Rs-159.10 Million |
| 2019 | 6.20% | 7.72% | 0.44x | 1.81x | Rs-148.73 Million |
| 2020 | 6.91% | 9.06% | 0.42x | 1.81x | Rs-125.74 Million |
| 2021 | -10.89% | -42.95% | 0.13x | 1.92x | Rs-766.73 Million |
| 2022 | 2.69% | 4.36% | 0.32x | 1.91x | Rs-269.29 Million |
| 2023 | 17.30% | 20.81% | 0.51x | 1.64x | Rs336.90 Million |
| 2024 | 13.58% | 18.24% | 0.50x | 1.49x | Rs196.31 Million |
| 2025 | 17.89% | 25.40% | 0.52x | 1.34x | Rs516.94 Million |
| 2026 | 40.06% | 80.69% | 0.29x | 1.74x | Rs3.08 Billion |
Industry Comparison
This section compares Taj GVK Hotels & Resorts Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $4,817,957,452
- Average return on equity (ROE) among peers: 6.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taj GVK Hotels & Resorts Limited (TAJGVK) | Rs14.19 Billion | 18.46% | 0.25x | $224.79 Million |
| Advani Hotels & Resorts (India) Limited (ADVANIHOTR) | $544.88 Million | 20.87% | 0.40x | $52.55 Million |
| Asian Hotels (East) Limited (AHLEAST) | $2.03 Billion | 12.09% | 0.19x | $28.55 Million |
| Asian Hotels (North) Limited (ASIANHOTNR) | $7.63 Billion | -0.49% | 1.76x | $139.24 Million |
| Blue Coast Hotels Limited (BLUECOAST) | $963.73 Million | 3.25% | 1.58x | $5.39 Million |
| The Byke Hospitality Ltd (BYKE) | $2.25 Billion | 2.05% | 0.44x | $20.55 Million |
| Country Club Hospitality & Holidays Limited (CCHHL) | $8.19 Billion | 5.14% | 0.54x | $23.51 Million |
| Chalet Hotels Limited (CHALET) | $15.44 Billion | 11.87% | 2.21x | $1.79 Billion |
| EIH Associated Hotels Limited (EIHAHOTELS) | $2.11 Billion | 11.15% | 0.81x | $204.13 Million |
| EIH Limited (EIHOTEL) | $8.68 Billion | 2.86% | 1.47x | $2.07 Billion |
| Sri Havisha Hospitality and Infrastructure Limited (HAVISHA) | $349.57 Million | -0.33% | 0.13x | $2.16 Million |
About Taj GVK Hotels & Resorts Limited
TAJGVK Hotels & Resorts Limited owns, operates, and manages hotels, palaces, and resorts under the TAJ brand in India. It operates Taj Krishna, Taj Deccan, and Vivanta Begumpet in Hyderabad, as well as Taj Chandigarh in Chandigarh, Taj Santacruz in Mumbai, and Taj Club House in Chennai. The company was incorporated in 1995 and is based in Hyderabad, India.