Tamil Nadu Newsprint & Papers Limited (TNPL) - Net Assets
Based on the latest financial reports, Tamil Nadu Newsprint & Papers Limited (TNPL) has net assets worth Rs23.16 Billion INR (≈ $250.46 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 (Rs62.10 Billion ≈ $671.60 Million USD) and total liabilities (Rs38.94 Billion ≈ $421.14 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 TNPL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs23.16 Billion |
| % of Total Assets | 37.29% |
| Annual Growth Rate | 7.74% |
| 5-Year Change | 45.74% |
| 10-Year Change | 35.86% |
| Growth Volatility | 8.1 |
Tamil Nadu Newsprint & Papers Limited - Net Assets Trend (2004–2026)
This chart illustrates how Tamil Nadu Newsprint & Papers Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Tamil Nadu Newsprint & Papers Limited fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tamil Nadu Newsprint & Papers Limited (2004–2026)
The table below shows the annual net assets of Tamil Nadu Newsprint & Papers Limited from 2004 to 2026. For live valuation and market cap data, see TNPL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs23.16 Billion ≈ $250.46 Million |
+10.97% |
| 2025-03-31 | Rs20.87 Billion ≈ $225.70 Million |
-0.13% |
| 2024-03-31 | Rs20.90 Billion ≈ $226.00 Million |
+7.49% |
| 2023-03-31 | Rs19.44 Billion ≈ $210.25 Million |
+22.34% |
| 2022-03-31 | Rs15.89 Billion ≈ $171.86 Million |
-0.48% |
| 2021-03-31 | Rs15.97 Billion ≈ $172.68 Million |
-6.78% |
| 2020-03-31 | Rs17.13 Billion ≈ $185.24 Million |
+3.71% |
| 2019-03-31 | Rs16.52 Billion ≈ $178.62 Million |
+3.03% |
| 2018-03-31 | Rs16.03 Billion ≈ $173.37 Million |
-5.96% |
| 2017-03-31 | Rs17.05 Billion ≈ $184.35 Million |
+12.92% |
| 2016-03-31 | Rs15.10 Billion ≈ $163.26 Million |
+25.63% |
| 2015-03-31 | Rs12.02 Billion ≈ $129.95 Million |
+4.86% |
| 2014-03-31 | Rs11.46 Billion ≈ $123.93 Million |
+10.67% |
| 2013-03-31 | Rs10.35 Billion ≈ $111.98 Million |
+6.67% |
| 2012-03-31 | Rs9.71 Billion ≈ $104.98 Million |
+5.99% |
| 2011-03-31 | Rs9.16 Billion ≈ $99.04 Million |
+13.83% |
| 2010-03-31 | Rs8.05 Billion ≈ $87.00 Million |
+21.10% |
| 2009-03-31 | Rs6.64 Billion ≈ $71.84 Million |
+3.80% |
| 2008-03-31 | Rs6.40 Billion ≈ $69.21 Million |
+11.02% |
| 2007-03-31 | Rs5.77 Billion ≈ $62.35 Million |
+10.33% |
| 2006-03-31 | Rs5.23 Billion ≈ $56.51 Million |
+12.26% |
| 2005-03-31 | Rs4.65 Billion ≈ $50.33 Million |
+3.61% |
| 2004-03-31 | Rs4.49 Billion ≈ $48.58 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tamil Nadu Newsprint & Papers 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 | Rs693.80 Million | 3.00% |
| Other Components | Rs22.47 Billion | 97.00% |
| Total Equity | Rs23.16 Billion | 100.00% |
Tamil Nadu Newsprint & Papers Limited Competitors by Market Cap
The table below lists competitors of Tamil Nadu Newsprint & Papers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Polaryx Therapeutics, Inc. Common Stock
NASDAQ:PLYX
|
$108.42 Million |
|
SYN prop e tech S.A.
SA:SYNE3
|
$108.42 Million |
|
Iceland Seafood International hf.
IC:ICESEA
|
$108.43 Million |
|
UNICOMMERCE ESOLUTIONS LIMITED
NSE:UNIECOM
|
$108.44 Million |
|
RF Acquisition Corp II Unit
NASDAQ:RFAIU
|
$108.40 Million |
|
ZenaTech Inc.
NASDAQ:ZENA
|
$108.35 Million |
|
Edimax Technology Co Ltd
TW:3047
|
$108.33 Million |
|
Decidr Ai Industries Ltd
AU:DAI
|
$108.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tamil Nadu Newsprint & Papers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 20,870,000,000 to 23,159,800,000, a change of 2,289,800,000 (11.0%).
- Net income of 2,477,500,000 contributed positively to equity growth.
- Dividend payments of 207,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 18,004,189,000.
- Other factors increased equity by 18,024,089,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.48 Billion | +10.7% |
| Dividends Paid | Rs207.60 Million | -0.9% |
| Other Comprehensive Income | Rs-18.00 Billion | -77.74% |
| Other Changes | Rs18.02 Billion | +77.82% |
| Total Change | Rs- | 10.97% |
Book Value vs Market Value Analysis
This analysis compares Tamil Nadu Newsprint & Papers 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: 0.43x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.25x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs64.51 | Rs144.83 | x |
| 2005-03-31 | Rs67.10 | Rs144.83 | x |
| 2006-03-31 | Rs75.50 | Rs144.83 | x |
| 2007-03-31 | Rs83.30 | Rs144.83 | x |
| 2008-03-31 | Rs92.47 | Rs144.83 | x |
| 2009-03-31 | Rs95.98 | Rs144.83 | x |
| 2010-03-31 | Rs116.24 | Rs144.83 | x |
| 2011-03-31 | Rs132.32 | Rs144.83 | x |
| 2012-03-31 | Rs140.25 | Rs144.83 | x |
| 2013-03-31 | Rs149.61 | Rs144.83 | x |
| 2014-03-31 | Rs165.58 | Rs144.83 | x |
| 2015-03-31 | Rs173.62 | Rs144.83 | x |
| 2016-03-31 | Rs218.12 | Rs144.83 | x |
| 2017-03-31 | Rs246.30 | Rs144.83 | x |
| 2018-03-31 | Rs231.63 | Rs144.83 | x |
| 2019-03-31 | Rs238.65 | Rs144.83 | x |
| 2020-03-31 | Rs247.49 | Rs144.83 | x |
| 2021-03-31 | Rs230.71 | Rs144.83 | x |
| 2022-03-31 | Rs229.61 | Rs144.83 | x |
| 2023-03-31 | Rs280.90 | Rs144.83 | x |
| 2024-03-31 | Rs301.93 | Rs144.83 | x |
| 2025-03-31 | Rs302.14 | Rs144.83 | x |
| 2026-03-31 | Rs334.66 | Rs144.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tamil Nadu Newsprint & Papers 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): 10.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.68x
- Recent ROE (10.70%) is above the historical average (10.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.75% | 9.05% | 0.54x | 2.41x | Rs78.77 Million |
| 2005 | 8.15% | 0.00% | 0.00x | 2.40x | Rs-85.97 Million |
| 2006 | 15.41% | 10.38% | 0.64x | 2.33x | Rs282.94 Million |
| 2007 | 14.93% | 10.07% | 0.55x | 2.68x | Rs284.14 Million |
| 2008 | 17.63% | 12.02% | 0.55x | 2.64x | Rs488.29 Million |
| 2009 | 16.17% | 10.07% | 0.53x | 3.03x | Rs409.55 Million |
| 2010 | 15.67% | 12.29% | 0.38x | 3.37x | Rs456.14 Million |
| 2011 | 16.27% | 12.33% | 0.39x | 3.36x | Rs574.17 Million |
| 2012 | 11.22% | 7.15% | 0.43x | 3.66x | Rs118.70 Million |
| 2013 | 8.83% | 4.91% | 0.53x | 3.36x | Rs-120.68 Million |
| 2014 | 14.06% | 7.05% | 0.62x | 3.24x | Rs465.80 Million |
| 2015 | 13.88% | 7.81% | 0.45x | 3.91x | Rs465.64 Million |
| 2016 | 17.21% | 10.75% | 0.45x | 3.59x | Rs1.09 Billion |
| 2017 | 15.52% | 9.08% | 0.52x | 3.31x | Rs940.99 Million |
| 2018 | -2.63% | -1.38% | 0.55x | 3.45x | Rs-2.02 Billion |
| 2019 | 5.71% | 2.33% | 0.73x | 3.35x | Rs-707.81 Million |
| 2020 | 7.59% | 3.78% | 0.62x | 3.26x | Rs-412.59 Million |
| 2021 | -4.08% | -2.35% | 0.46x | 3.75x | Rs-2.25 Billion |
| 2022 | 0.90% | 0.36% | 0.70x | 3.63x | Rs-1.45 Billion |
| 2023 | 19.95% | 7.49% | 0.85x | 3.15x | Rs1.93 Billion |
| 2024 | 9.96% | 4.44% | 0.78x | 2.89x | Rs-8.09 Million |
| 2025 | 0.18% | 0.08% | 0.76x | 2.82x | Rs-2.05 Billion |
| 2026 | 10.70% | 5.33% | 0.75x | 2.68x | Rs161.52 Million |
Industry Comparison
This section compares Tamil Nadu Newsprint & Papers Limited's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $8,658,007,666
- Average return on equity (ROE) among peers: 4.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tamil Nadu Newsprint & Papers Limited (TNPL) | Rs23.16 Billion | 11.75% | 1.68x | $108.40 Million |
| ANDHRA PAPER LIMITED (ANDHRAPAP) | $19.41 Billion | 4.58% | 0.34x | $135.07 Million |
| Astron Paper & Board Mill Limited (ASTRON) | $1.26 Billion | 16.52% | 0.84x | $2.00 Million |
| Ballarpur Industries Limited (BALLARPUR) | $38.34 Billion | -5.48% | 2.93x | $2.75 Billion |
| Emami Paper Mills Limited (EMAMIPAP) | $4.50 Billion | 6.21% | 2.80x | $55.12 Million |
| Genus Paper & Boards Limited (GENUSPAPER) | $3.65 Billion | 2.11% | 0.39x | $34.04 Million |
| JK Paper Limited (JKPAPER) | $3.79 Billion | 12.11% | 2.57x | $700.14 Million |
| Kuantum Papers Limited (KUANTUM) | $6.52 Billion | 9.34% | 0.59x | $71.03 Million |
| Magnum Ventures Limited (MAGNUM) | $594.81 Million | -0.51% | 5.96x | $14.75 Million |
| Orient Paper & Industries Limited (ORIENTPPR) | $3.99 Billion | -7.17% | 2.06x | $41.14 Million |
| Pakka Limited (PAKKA) | $4.52 Billion | 8.30% | 0.63x | $40.12 Million |
About Tamil Nadu Newsprint & Papers Limited
Tamil Nadu Newsprint and Papers Limited manufactures and markets paper and paperboards in India and internationally. It operates in Paper & Paper Board and Energy segments. The company provides printing and writing paper, as well as packaging boards; and generates power through turbo generators and windmills. It also manufactures and sells cement. The company was incorporated in 1979 and is based… Read more