Tourism Finance Corporation of India Limited Net Assets
Tourism Finance Corporation of India Limited net assets. Based on the latest financial reports, Tourism Finance Corporation of India Limited (TFCILTD) has net assets worth Rs13.76 Billion INR (≈ $148.83 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs24.34 Billion ≈ $263.19 Million USD) and total liabilities (Rs10.57 Billion ≈ $114.36 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 Tourism Finance Corporation of India Lim net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs13.76 Billion |
| % of Total Assets | 56.55% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | 40.37% |
| 10-Year Change | 137.28% |
| Growth Volatility | 7.86 |
Net Assets of Tourism Finance Corporation of India Limited (2006–2026)
Net assets of Tourism Finance Corporation of India Limited from 2006 to 2026. This chart illustrates how Tourism Finance Corporation of India Limited's net assets have evolved over time, based on quarterly financial data. See Tourism Finance Corporation of India Lim balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Tourism Finance Corporation of India Limited (2006–2026)
The table below shows the annual net assets of Tourism Finance Corporation of India Limited from 2006 to 2026. For live market cap and overall valuation, see Tourism Finance Corporation of India Lim (TFCILTD) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs13.15 Billion ≈ $142.23 Million |
+8.12% |
| 2025-03-31 | Rs12.16 Billion ≈ $131.55 Million |
+11.63% |
| 2024-03-31 | Rs10.90 Billion ≈ $117.84 Million |
+7.13% |
| 2023-03-31 | Rs10.17 Billion ≈ $110.00 Million |
+8.56% |
| 2022-03-31 | Rs9.37 Billion ≈ $101.32 Million |
+18.36% |
| 2021-03-31 | Rs7.92 Billion ≈ $85.61 Million |
+5.05% |
| 2020-03-31 | Rs7.54 Billion ≈ $81.49 Million |
+2.25% |
| 2019-03-31 | Rs7.37 Billion ≈ $79.69 Million |
+17.82% |
| 2018-03-31 | Rs6.25 Billion ≈ $67.64 Million |
+12.85% |
| 2017-03-31 | Rs5.54 Billion ≈ $59.94 Million |
+7.82% |
| 2016-03-31 | Rs5.14 Billion ≈ $55.59 Million |
+7.30% |
| 2015-03-31 | Rs4.79 Billion ≈ $51.81 Million |
+9.77% |
| 2014-03-31 | Rs4.36 Billion ≈ $47.20 Million |
+3.92% |
| 2013-03-31 | Rs4.20 Billion ≈ $45.42 Million |
+11.31% |
| 2012-03-31 | Rs3.77 Billion ≈ $40.81 Million |
+10.95% |
| 2011-03-31 | Rs3.40 Billion ≈ $36.78 Million |
+10.80% |
| 2010-03-31 | Rs3.07 Billion ≈ $33.19 Million |
+7.87% |
| 2009-03-31 | Rs2.85 Billion ≈ $30.77 Million |
+7.13% |
| 2008-03-31 | Rs2.66 Billion ≈ $28.72 Million |
+39.81% |
| 2007-03-31 | Rs1.90 Billion ≈ $20.55 Million |
+3.03% |
| 2006-03-31 | Rs1.84 Billion ≈ $19.94 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tourism Finance Corporation of 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 174357300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Tourism Finance Corporation of India Limited Net Assets Breakdown (March 2026)
Tourism Finance Corporation of India Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.74 Billion | 13.26% |
| Common Stock | Rs925.95 Million | 7.04% |
| Other Components | Rs10.48 Billion | 79.70% |
| Total Equity | Rs13.15 Billion | 100.00% |
Tourism Finance Corporation of India Limited Competitors by Market Cap
The table below lists competitors of Tourism Finance Corporation of India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Great Southeast Co Ltd
SHE:002263
|
$810.85 Million |
|
Dexterra Group Inc
TO:DXT
|
$810.98 Million |
|
Anhui Xinlong Electrical Co Ltd
SHE:002298
|
$811.18 Million |
|
Jiangsu Sanfangxiang Industry Co Ltd
SHG:600370
|
$811.43 Million |
|
Turk Tuborg Bira ve Malt Sanayi AS
IS:TBORG
|
$810.46 Million |
|
INKON Life Technology Co Ltd
SHE:300143
|
$810.45 Million |
|
Republic Airways Holdings Inc
NASDAQ:RJET
|
$810.45 Million |
|
Clevo Co
TW:2362
|
$810.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tourism Finance Corporation of India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 12,163,657,000 to 13,151,355,000, a change of 987,698,000 (8.1%).
- Net income of 1,234,633,000 contributed positively to equity growth.
- Dividend payments of 277,786,000 reduced retained earnings.
- Share repurchases of 1,433,000 reduced equity.
- Other comprehensive income decreased equity by 8,085,151,000.
- Other factors increased equity by 8,117,435,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.23 Billion | +9.39% |
| Dividends Paid | Rs277.79 Million | -2.11% |
| Share Repurchases | Rs1.43 Million | -0.01% |
| Other Comprehensive Income | Rs-8.09 Billion | -61.48% |
| Other Changes | Rs8.12 Billion | +61.72% |
| Total Change | Rs- | 8.12% |
Book Value vs Market Value Analysis
This analysis compares Tourism Finance Corporation of 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: 5.69x
- 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 29.60x to 5.69x 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 | Rs5.47 | Rs161.89 | x |
| 2007-03-31 | Rs5.64 | Rs161.89 | x |
| 2008-03-31 | Rs6.58 | Rs161.89 | x |
| 2009-03-31 | Rs7.05 | Rs161.89 | x |
| 2010-03-31 | Rs7.61 | Rs161.89 | x |
| 2011-03-31 | Rs8.43 | Rs161.89 | x |
| 2012-03-31 | Rs9.35 | Rs161.89 | x |
| 2013-03-31 | Rs10.41 | Rs161.89 | x |
| 2014-03-31 | Rs10.81 | Rs161.89 | x |
| 2015-03-31 | Rs11.87 | Rs161.89 | x |
| 2016-03-31 | Rs12.74 | Rs161.89 | x |
| 2017-03-31 | Rs68.67 | Rs161.89 | x |
| 2018-03-31 | Rs77.49 | Rs161.89 | x |
| 2019-03-31 | Rs91.30 | Rs161.89 | x |
| 2020-03-31 | Rs93.35 | Rs161.89 | x |
| 2021-03-31 | Rs98.07 | Rs161.89 | x |
| 2022-03-31 | Rs109.88 | Rs161.89 | x |
| 2023-03-31 | Rs22.51 | Rs161.89 | x |
| 2024-03-31 | Rs24.11 | Rs161.89 | x |
| 2025-03-31 | Rs26.27 | Rs161.89 | x |
| 2026-03-31 | Rs28.44 | Rs161.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tourism Finance Corporation of 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): 9.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.60%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.83x
- Recent ROE (9.39%) is below the historical average (10.52%), 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 | 6.43% | 18.19% | 0.11x | 3.30x | Rs-65.85 Million |
| 2007 | 7.52% | 22.59% | 0.11x | 3.08x | Rs-47.14 Million |
| 2008 | 8.18% | 37.34% | 0.10x | 2.21x | Rs-48.22 Million |
| 2009 | 10.18% | 43.07% | 0.10x | 2.35x | Rs5.17 Million |
| 2010 | 11.10% | 42.56% | 0.11x | 2.37x | Rs33.82 Million |
| 2011 | 13.06% | 40.75% | 0.12x | 2.61x | Rs104.01 Million |
| 2012 | 13.11% | 38.27% | 0.11x | 3.17x | Rs117.35 Million |
| 2013 | 13.22% | 30.87% | 0.13x | 3.31x | Rs135.25 Million |
| 2014 | 13.40% | 31.78% | 0.14x | 3.12x | Rs148.52 Million |
| 2015 | 12.56% | 32.27% | 0.12x | 3.13x | Rs122.69 Million |
| 2016 | 10.43% | 29.06% | 0.12x | 3.09x | Rs22.08 Million |
| 2017 | 12.71% | 33.86% | 0.12x | 3.07x | Rs150.04 Million |
| 2018 | 12.39% | 37.60% | 0.10x | 3.21x | Rs149.40 Million |
| 2019 | 11.70% | 39.01% | 0.11x | 2.84x | Rs125.60 Million |
| 2020 | 10.75% | 30.09% | 0.12x | 2.98x | Rs56.63 Million |
| 2021 | 10.20% | 31.23% | 0.12x | 2.76x | Rs15.54 Million |
| 2022 | 9.11% | 34.21% | 0.11x | 2.40x | Rs-83.73 Million |
| 2023 | 8.65% | 38.91% | 0.11x | 2.01x | Rs-137.61 Million |
| 2024 | 8.36% | 40.39% | 0.11x | 1.93x | Rs-178.54 Million |
| 2025 | 8.53% | 42.46% | 0.12x | 1.73x | Rs-178.23 Million |
| 2026 | 9.39% | 44.60% | 0.11x | 1.83x | Rs-80.50 Million |
Industry Comparison
This section compares Tourism Finance Corporation of India Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $7,904,449,805
- Average return on equity (ROE) among peers: 10.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tourism Finance Corporation of India Limited (TFCILTD) | Rs13.76 Billion | 6.43% | 0.77x | $810.57 Million |
| Akme Fintrade India Ltd (AFIL) | $2.05 Billion | 7.72% | 0.91x | $32.26 Million |
| Arman Financial Services Limited (ARMANFIN) | $569.02 Million | 12.82% | 7.15x | $169.65 Million |
| Baid Finserv Limited (BAIDFIN) | $1.55 Billion | 6.70% | 1.20x | $16.16 Million |
| Bajaj Finance Limited (BAJFINANCE) | $13.58 Billion | 18.18% | 5.27x | $65.26 Billion |
| Capri Global Capital Limited (CGCL) | $11.61 Billion | 5.01% | 0.69x | $2.50 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $36.73 Billion | 15.65% | 6.59x | $15.06 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $8.02 Billion | 8.68% | 3.62x | $2.84 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $4.60 Billion | 18.10% | 5.11x | $1.83 Billion |
| CSL Finance Limited (CSLFINANCE) | $853.10 Million | 9.36% | 0.06x | $53.52 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-514.32 Million | 0.00% | 0.00x | $1.09 Million |
About Tourism Finance Corporation of India Limited
Tourism Finance Corporation of India Limited, a financing institution, engages in the provision of financial assistance services in India. The company offers financial assistance by way of loans and investment in debt instruments to tourism/ hospitality, manufacturing, residential/commercial real estate, NBFCs/HFCs/MFIs, and other sectors, as well as social infrastructure, such as educational ins… Read more