Tourism Finance Corporation of India Limited (TFCILTD) - Net Assets

Latest as of March 2026: Rs13.15 Billion INR ≈ $142.23 Million USD

Based on the latest financial reports, Tourism Finance Corporation of India Limited (TFCILTD) has net assets worth Rs13.15 Billion INR (≈ $142.23 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 (Rs24.12 Billion ≈ $260.83 Million USD) and total liabilities (Rs10.97 Billion ≈ $118.60 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 (TFCILTD) total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs13.15 Billion
% of Total Assets	54.53%
Annual Growth Rate	10.32%
5-Year Change	40.37%
10-Year Change	137.28%
Growth Volatility	7.86

Tourism Finance Corporation of India Limited - Net Assets Trend (2006–2026)

This chart illustrates how Tourism Finance Corporation of India Limited's net assets have evolved over time, based on quarterly financial data. Check TFCILTD tangible net assets ratio to evaluate the tangible quality of the company's equity base.

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 valuation and market cap data, 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs925.95 Million	7.04%
Other Components	Rs12.23 Billion	92.96%
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
Pagerduty Inc NYSE:PD	$528.88 Million
Zhejiang Tieliu Clutch Co Ltd SHG:603926	$528.93 Million
Beijing Dinghan Tech Co SHE:300011	$529.01 Million
Viyash Scientific Limited NSE:SEQUENT	$529.07 Million
Energisa Mato Grosso - Distribuidora de Energia S/A SA:ENMT3	$528.79 Million
Grand Industrial Holding Co Ltd SHE:000626	$528.59 Million
Akva Group OL:AKVA	$528.58 Million
LG Balakrishnan & Bros Limited NSE:LGBBROSLTD	$528.53 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: 3.71x
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 19.31x to 3.71x 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	Rs105.62	x
2007-03-31	Rs5.64	Rs105.62	x
2008-03-31	Rs6.58	Rs105.62	x
2009-03-31	Rs7.05	Rs105.62	x
2010-03-31	Rs7.61	Rs105.62	x
2011-03-31	Rs8.43	Rs105.62	x
2012-03-31	Rs9.35	Rs105.62	x
2013-03-31	Rs10.41	Rs105.62	x
2014-03-31	Rs10.81	Rs105.62	x
2015-03-31	Rs11.87	Rs105.62	x
2016-03-31	Rs12.74	Rs105.62	x
2017-03-31	Rs68.67	Rs105.62	x
2018-03-31	Rs77.49	Rs105.62	x
2019-03-31	Rs91.30	Rs105.62	x
2020-03-31	Rs93.35	Rs105.62	x
2021-03-31	Rs98.07	Rs105.62	x
2022-03-31	Rs109.88	Rs105.62	x
2023-03-31	Rs22.51	Rs105.62	x
2024-03-31	Rs24.11	Rs105.62	x
2025-03-31	Rs26.27	Rs105.62	x
2026-03-31	Rs28.44	Rs105.62	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: $12,585,123,049
Average return on equity (ROE) among peers: 10.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tourism Finance Corporation of India Limited (TFCILTD)	Rs13.15 Billion	6.43%	0.83x	$528.83 Million
Akme Fintrade India Ltd (AFIL)	$2.23 Billion	8.30%	0.95x	$43.85 Million
Arman Financial Services Limited (ARMANFIN)	$196.82 Million	15.55%	2.31x	$226.74 Million
Baid Finserv Limited (BAIDFIN)	$101.59 Million	6.04%	1.54x	$16.77 Million
Bajaj Finance Limited (BAJFINANCE)	$39.92 Billion	18.01%	5.17x	$77.53 Billion
Capri Global Capital Limited (CGCL)	$8.29 Billion	4.93%	0.02x	$2.37 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$14.04 Billion	12.04%	8.61x	$17.23 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$32.02 Billion	14.20%	1.46x	$3.20 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$28.43 Billion	11.73%	3.43x	$2.70 Billion
CSL Finance Limited (CSLFINANCE)	$1.14 Billion	14.37%	0.30x	$53.45 Million
DCM Financial Services Limited (DCMFINSERV)	$-514.32 Million	0.00%	0.00x	$1.18 Million

About Tourism Finance Corporation of India Limited

NSE:TFCILTD India Credit Services

Market Cap

$528.83 Million

Rs48.90 Billion INR

Market Cap Rank

#11797 Global

#596 in India

Share Price

Rs105.62

Change (1 day)

+3.68%

52-Week Range

Rs55.24 - Rs364.30

All Time High

Rs364.30