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

Latest as of September 2025: Rs12.51 Billion INR ≈ $135.32 Million USD

Based on the latest financial reports, Tourism Finance Corporation of India Limited (TFCILTD) has net assets worth Rs12.51 Billion INR (≈ $135.32 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs23.11 Billion ≈ $249.87 Million USD) and total liabilities (Rs10.59 Billion ≈ $114.55 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 how resilient are Tourism Finance Corporation of India Lim's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs12.51 Billion
% of Total Assets	54.16%
Annual Growth Rate	10.44%
5-Year Change	53.66%
10-Year Change	136.62%
Growth Volatility	8.04

Tourism Finance Corporation of India Limited - Net Assets Trend (2006–2025)

This chart illustrates how Tourism Finance Corporation of India Limited's net assets have evolved over time, based on quarterly financial data. Also explore TFCILTD current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Tourism Finance Corporation of India Limited (2006–2025)

The table below shows the annual net assets of Tourism Finance Corporation of India Limited from 2006 to 2025. For live valuation and market cap data, see Tourism Finance Corporation of India Lim market cap and net worth.

Year	Net Assets	Change
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 153489400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs1.53 Billion	12.62%
Common Stock	Rs925.95 Million	7.61%
Other Comprehensive Income	Rs8.09 Billion	66.47%
Other Components	Rs1.62 Billion	13.30%
Total Equity	Rs12.16 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
ABG Sundal Collier Holding ASA OL:ABG	$386.14 Million
ZKH Group Limited NYSE:ZKH	$386.23 Million
Kolon Plastics KO:138490	$386.28 Million
Blade Air Mobility Inc NASDAQ:BLDE	$386.42 Million
Tibet Galaxy Science & Technology Development Co Ltd SHE:000752	$385.96 Million
XMax Inc. NASDAQ:XWIN	$385.96 Million
Guangdong Failong Crystal Technology Co Ltd SHE:300460	$385.84 Million
Citizens & Northern Corp NASDAQ:CZNC	$385.61 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 2024 to 2025, total equity changed from 10,896,197,000 to 12,163,657,000, a change of 1,267,460,000 (11.6%).
Net income of 1,038,132,000 contributed positively to equity growth.
Dividend payments of 231,489,000 reduced retained earnings.
Share repurchases of 494,783,000 reduced equity.
New share issuances of 22,230,000 increased equity.
Other comprehensive income increased equity by 7,908,909,000.
Other factors decreased equity by 6,975,539,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs1.04 Billion	+8.53%
Dividends Paid	Rs231.49 Million	-1.9%
Share Repurchases	Rs494.78 Million	-4.07%
Share Issuances	Rs22.23 Million	+0.18%
Other Comprehensive Income	Rs7.91 Billion	+65.02%
Other Changes	Rs-6.98 Billion	-57.35%
Total Change	Rs-	11.63%

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: 2.94x
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 14.10x to 2.94x 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	Rs77.11	x
2007-03-31	Rs5.64	Rs77.11	x
2008-03-31	Rs6.58	Rs77.11	x
2009-03-31	Rs7.05	Rs77.11	x
2010-03-31	Rs7.61	Rs77.11	x
2011-03-31	Rs8.43	Rs77.11	x
2012-03-31	Rs9.35	Rs77.11	x
2013-03-31	Rs10.41	Rs77.11	x
2014-03-31	Rs10.81	Rs77.11	x
2015-03-31	Rs11.87	Rs77.11	x
2016-03-31	Rs12.74	Rs77.11	x
2017-03-31	Rs68.67	Rs77.11	x
2018-03-31	Rs77.49	Rs77.11	x
2019-03-31	Rs91.30	Rs77.11	x
2020-03-31	Rs93.35	Rs77.11	x
2021-03-31	Rs98.07	Rs77.11	x
2022-03-31	Rs109.88	Rs77.11	x
2023-03-31	Rs22.51	Rs77.11	x
2024-03-31	Rs24.11	Rs77.11	x
2025-03-31	Rs26.27	Rs77.11	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): 8.53%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 42.46%
• Asset Turnover: 0.12x
• Equity Multiplier: 1.73x
Recent ROE (8.53%) is below the historical average (10.58%), 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

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: $75,868,715,623
Average return on equity (ROE) among peers: 10.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tourism Finance Corporation of India Limited (TFCILTD)	Rs12.51 Billion	6.43%	0.85x	$386.08 Million
Akme Fintrade India Ltd (AFIL)	$2.05 Billion	7.72%	0.91x	$42.83 Million
Arman Financial Services Limited (ARMANFIN)	$569.02 Million	12.82%	7.15x	$170.99 Million
Baid Finserv Limited (BAIDFIN)	$89.54 Million	1.32%	0.57x	$19.20 Million
Bajaj Finance Limited (BAJFINANCE)	$543.72 Billion	21.16%	4.06x	$63.88 Billion
Capri Global Capital Limited (CGCL)	$15.39 Billion	10.48%	1.89x	$2.03 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$96.00 Billion	15.84%	6.78x	$14.96 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$97.02 Billion	5.68%	6.82x	$3.40 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$3.76 Billion	12.95%	3.59x	$2.29 Billion
CSL Finance Limited (CSLFINANCE)	$518.95 Million	12.68%	0.00x	$55.33 Million
DCM Financial Services Limited (DCMFINSERV)	$-430.68 Million	0.00%	0.00x	$1.11 Million

About Tourism Finance Corporation of India Limited

NSE:TFCILTD India Credit Services

Market Cap

$386.08 Million

Rs35.70 Billion INR

Market Cap Rank

#13855 Global

#665 in India

Share Price

Rs77.11

Change (1 day)

+6.95%

52-Week Range

Rs55.24 - Rs364.30

All Time High

Rs364.30