Thejo Engineering Limited (THEJO) - Net Assets
Based on the latest financial reports, Thejo Engineering Limited (THEJO) has net assets worth Rs3.46 Billion INR (≈ $37.37 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 (Rs4.92 Billion ≈ $53.19 Million USD) and total liabilities (Rs1.46 Billion ≈ $15.82 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 financial resilience of Thejo Engineering Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.46 Billion |
| % of Total Assets | 70.26% |
| Annual Growth Rate | 22.51% |
| 5-Year Change | 119.69% |
| 10-Year Change | 517.25% |
| Growth Volatility | 21.93 |
Thejo Engineering Limited - Net Assets Trend (2008–2025)
This chart illustrates how Thejo Engineering Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Thejo Engineering Limited for the complete picture of this company's asset base.
Annual Net Assets for Thejo Engineering Limited (2008–2025)
The table below shows the annual net assets of Thejo Engineering Limited from 2008 to 2025. For live valuation and market cap data, see market cap of Thejo Engineering Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.20 Billion ≈ $34.64 Million |
+17.52% |
| 2024-03-31 | Rs2.73 Billion ≈ $29.48 Million |
+24.18% |
| 2023-03-31 | Rs2.19 Billion ≈ $23.74 Million |
+18.20% |
| 2022-03-31 | Rs1.86 Billion ≈ $20.08 Million |
+27.36% |
| 2021-03-31 | Rs1.46 Billion ≈ $15.77 Million |
+28.97% |
| 2020-03-31 | Rs1.13 Billion ≈ $12.23 Million |
+35.09% |
| 2019-03-31 | Rs836.83 Million ≈ $9.05 Million |
+19.06% |
| 2018-03-31 | Rs702.88 Million ≈ $7.60 Million |
+20.32% |
| 2017-03-31 | Rs584.16 Million ≈ $6.32 Million |
+12.57% |
| 2016-03-31 | Rs518.94 Million ≈ $5.61 Million |
-4.11% |
| 2015-03-31 | Rs541.17 Million ≈ $5.85 Million |
-0.48% |
| 2014-03-31 | Rs543.76 Million ≈ $5.88 Million |
+5.67% |
| 2013-03-31 | Rs514.59 Million ≈ $5.57 Million |
+94.49% |
| 2012-03-31 | Rs264.59 Million ≈ $2.86 Million |
+53.01% |
| 2011-03-31 | Rs172.93 Million ≈ $1.87 Million |
+24.01% |
| 2010-03-31 | Rs139.45 Million ≈ $1.51 Million |
+26.10% |
| 2009-03-31 | Rs110.59 Million ≈ $1.20 Million |
+8.84% |
| 2008-03-31 | Rs101.61 Million ≈ $1.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thejo Engineering 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 3932.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.58 Billion | 86.70% |
| Common Stock | Rs108.46 Million | 3.64% |
| Other Comprehensive Income | Rs97.39 Million | 3.27% |
| Other Components | Rs190.17 Million | 6.39% |
| Total Equity | Rs2.98 Billion | 100.00% |
Thejo Engineering Limited Competitors by Market Cap
The table below lists competitors of Thejo Engineering Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burcelik Vana Sanayi ve Ticaret AS
IS:BURVA
|
$213.12 Million |
|
Metalfrio Solutions S.A
SA:FRIO3
|
$213.12 Million |
|
E KOCREF CR REIT
KO:088260
|
$213.13 Million |
|
Olympia Financial Group Inc
TO:OLY
|
$213.24 Million |
|
Karel Elektronik Sanayi ve Ticaret AS
IS:KAREL
|
$212.99 Million |
|
Alto Ingredients Inc
NASDAQ:ALTO
|
$212.84 Million |
|
Launch Two Acquisition Corp.
NASDAQ:LPBBU
|
$212.80 Million |
|
Kerevitas Gida Sanayi ve Ticaret AS
IS:KERVT
|
$212.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thejo Engineering Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,502,848,000 to 2,977,789,000, a change of 474,941,000 (19.0%).
- Net income of 498,937,000 contributed positively to equity growth.
- Dividend payments of 32,528,000 reduced retained earnings.
- Share repurchases of 27,675,000 reduced equity.
- New share issuances of 14,052,000 increased equity.
- Other comprehensive income decreased equity by 15,460,000.
- Other factors increased equity by 37,615,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs498.94 Million | +16.76% |
| Dividends Paid | Rs32.53 Million | -1.09% |
| Share Repurchases | Rs27.68 Million | -0.93% |
| Share Issuances | Rs14.05 Million | +0.47% |
| Other Comprehensive Income | Rs-15.46 Million | -0.52% |
| Other Changes | Rs37.62 Million | +1.26% |
| Total Change | Rs- | 18.98% |
Book Value vs Market Value Analysis
This analysis compares Thejo Engineering 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: 6.62x
- 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 11.64x to 6.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs156.12 | Rs1816.70 | x |
| 2009-03-31 | Rs169.92 | Rs1816.70 | x |
| 2010-03-31 | Rs196.18 | Rs1816.70 | x |
| 2011-03-31 | Rs243.27 | Rs1816.70 | x |
| 2012-03-31 | Rs36.79 | Rs1816.70 | x |
| 2013-03-31 | Rs57.56 | Rs1816.70 | x |
| 2014-03-31 | Rs51.82 | Rs1816.70 | x |
| 2015-03-31 | Rs49.68 | Rs1816.70 | x |
| 2016-03-31 | Rs48.28 | Rs1816.70 | x |
| 2017-03-31 | Rs54.30 | Rs1816.70 | x |
| 2018-03-31 | Rs63.83 | Rs1816.70 | x |
| 2019-03-31 | Rs75.19 | Rs1816.70 | x |
| 2020-03-31 | Rs96.94 | Rs1816.70 | x |
| 2021-03-31 | Rs122.10 | Rs1816.70 | x |
| 2022-03-31 | Rs153.10 | Rs1816.70 | x |
| 2023-03-31 | Rs181.66 | Rs1816.70 | x |
| 2024-03-31 | Rs231.36 | Rs1816.70 | x |
| 2025-03-31 | Rs274.51 | Rs1816.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thejo Engineering 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): 16.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.03%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.50x
- Recent ROE (16.76%) is above the historical average (15.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.49% | 1.89% | 1.36x | 3.32x | Rs-1.54 Million |
| 2009 | 10.99% | 1.99% | 1.52x | 3.63x | Rs1.09 Million |
| 2010 | 16.28% | 3.53% | 1.31x | 3.53x | Rs8.75 Million |
| 2011 | 22.15% | 4.02% | 1.53x | 3.59x | Rs21.00 Million |
| 2012 | 34.38% | 7.78% | 1.37x | 3.22x | Rs63.74 Million |
| 2013 | 15.24% | 5.70% | 1.16x | 2.31x | Rs26.80 Million |
| 2014 | 5.87% | 1.97% | 1.18x | 2.52x | Rs-22.03 Million |
| 2015 | -0.45% | -0.12% | 1.26x | 2.89x | Rs-53.48 Million |
| 2016 | 0.43% | 0.12% | 1.23x | 2.87x | Rs-47.62 Million |
| 2017 | 10.30% | 2.97% | 1.26x | 2.75x | Rs1.65 Million |
| 2018 | 16.81% | 5.01% | 1.45x | 2.31x | Rs44.79 Million |
| 2019 | 17.24% | 5.85% | 1.37x | 2.15x | Rs56.10 Million |
| 2020 | 24.83% | 8.30% | 1.41x | 2.12x | Rs150.12 Million |
| 2021 | 20.57% | 8.10% | 1.39x | 1.83x | Rs135.94 Million |
| 2022 | 22.81% | 8.88% | 1.40x | 1.84x | Rs211.30 Million |
| 2023 | 16.51% | 6.83% | 1.30x | 1.86x | Rs127.87 Million |
| 2024 | 22.23% | 9.96% | 1.35x | 1.65x | Rs306.10 Million |
| 2025 | 16.76% | 9.03% | 1.24x | 1.50x | Rs201.16 Million |
Industry Comparison
This section compares Thejo Engineering Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $37,677,440,843
- Average return on equity (ROE) among peers: 17.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thejo Engineering Limited (THEJO) | Rs3.46 Billion | 8.49% | 0.42x | $213.09 Million |
| Aaron Industries Limited (AARON) | $550.00K | 66.55% | 18.36x | $31.35 Million |
| Ador Welding Limited (ADORWELD) | $1.47 Billion | 17.36% | 0.26x | $184.52 Million |
| The Anup Engineering Limited (ANUP) | $3.37 Billion | 15.88% | 0.28x | $446.74 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $37.09 Million | 13.75% | 4.00x | $8.50 Million |
| Azad Engineering Limited (AZAD) | $1.20 Billion | 24.55% | 2.37x | $1.51 Billion |
| Bharat Heavy Electricals Limited (BHEL) | $323.31 Billion | 1.36% | 0.97x | $13.27 Billion |
| Cummins India Limited (CUMMINSIND) | $51.45 Billion | 18.15% | 0.38x | $15.79 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $-6.22 Billion | 0.00% | 0.00x | $899.30 Million |
| Diffusion Engineers Ltd (DIFFNKG) | $1.91 Billion | 16.05% | 0.44x | $120.60 Million |
| Ducon Infratechnologies Limited (DUCON) | $236.88 Million | 0.26% | 0.31x | $11.42 Million |
About Thejo Engineering Limited
Thejo Engineering Limited designs, develops, manufactures, and supplies rubber and polyurethane based engineering products for bulk material handling systems, mineral processing, and corrosion protection applications in India and internationally. It operates through three segments: Manufacturing Units, Service Units, and Others. The company provides conveyor care products, including belt conveyor… Read more