Tamil Nadu Newsprint & Papers Limited (TNPL) - Net Assets
Based on the latest financial reports, Tamil Nadu Newsprint & Papers Limited (TNPL) has net assets worth Rs20.69 Billion INR (≈ $223.81 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 (Rs61.16 Billion ≈ $661.45 Million USD) and total liabilities (Rs40.47 Billion ≈ $437.64 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 Tamil Nadu Newsprint & Papers Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs20.69 Billion |
| % of Total Assets | 33.84% |
| Annual Growth Rate | 7.59% |
| 5-Year Change | 30.7% |
| 10-Year Change | 38.25% |
| Growth Volatility | 8.26 |
Tamil Nadu Newsprint & Papers Limited - Net Assets Trend (2004–2025)
This chart illustrates how Tamil Nadu Newsprint & Papers Limited's net assets have evolved over time, based on quarterly financial data. Also explore TNPL current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Tamil Nadu Newsprint & Papers Limited (2004–2025)
The table below shows the annual net assets of Tamil Nadu Newsprint & Papers Limited from 2004 to 2025. For live valuation and market cap data, see TNPL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 grown by 37468400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs374.68 Million | 1.80% |
| Common Stock | Rs693.80 Million | 3.32% |
| Other Comprehensive Income | Rs18.00 Billion | 86.27% |
| Other Components | Rs1.80 Billion | 8.61% |
| Total Equity | Rs20.87 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 |
|---|---|
|
Western Forest Products Inc
TO:WEF
|
$112.66 Million |
|
PYRUM INNOV.AG NA O.N.
F:PYR
|
$112.66 Million |
|
Tainergy Tech Co Ltd
TW:4934
|
$112.71 Million |
|
Magyar Bancorp Inc
NASDAQ:MGYR
|
$112.72 Million |
|
Victek Co. Ltd
KQ:065450
|
$112.62 Million |
|
EML Payments Ltd
F:A8Y1
|
$112.62 Million |
|
General de Alquiler de Maquinaria SA
MC:GAM
|
$112.58 Million |
|
MIC Electronics Limited
NSE:MICEL
|
$112.52 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 2024 to 2025, total equity changed from 20,897,218,000 to 20,870,000,000, a change of -27,218,000 (-0.1%).
- Net income of 37,300,000 contributed positively to equity growth.
- Dividend payments of 69,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,706,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs37.30 Million | +0.18% |
| Dividends Paid | Rs69.20 Million | -0.33% |
| Other Comprehensive Income | Rs4.71 Million | +0.02% |
| Other Changes | Rs-24.00K | -0.0% |
| Total Change | Rs- | -0.13% |
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: 0.50x
- 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 2.33x to 0.50x 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 | Rs150.47 | x |
| 2005-03-31 | Rs67.10 | Rs150.47 | x |
| 2006-03-31 | Rs75.50 | Rs150.47 | x |
| 2007-03-31 | Rs83.30 | Rs150.47 | x |
| 2008-03-31 | Rs92.47 | Rs150.47 | x |
| 2009-03-31 | Rs95.98 | Rs150.47 | x |
| 2010-03-31 | Rs116.24 | Rs150.47 | x |
| 2011-03-31 | Rs132.32 | Rs150.47 | x |
| 2012-03-31 | Rs140.25 | Rs150.47 | x |
| 2013-03-31 | Rs149.61 | Rs150.47 | x |
| 2014-03-31 | Rs165.58 | Rs150.47 | x |
| 2015-03-31 | Rs173.62 | Rs150.47 | x |
| 2016-03-31 | Rs218.12 | Rs150.47 | x |
| 2017-03-31 | Rs246.30 | Rs150.47 | x |
| 2018-03-31 | Rs231.63 | Rs150.47 | x |
| 2019-03-31 | Rs238.65 | Rs150.47 | x |
| 2020-03-31 | Rs247.49 | Rs150.47 | x |
| 2021-03-31 | Rs230.71 | Rs150.47 | x |
| 2022-03-31 | Rs229.61 | Rs150.47 | x |
| 2023-03-31 | Rs280.90 | Rs150.47 | x |
| 2024-03-31 | Rs301.93 | Rs150.47 | x |
| 2025-03-31 | Rs302.14 | Rs150.47 | 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): 0.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.08%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.82x
- Recent ROE (0.18%) is below the historical average (10.65%), suggesting potential challenges in 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 |
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: $3,954,268,214
- Average return on equity (ROE) among peers: -0.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tamil Nadu Newsprint & Papers Limited (TNPL) | Rs20.69 Billion | 11.75% | 1.96x | $112.62 Million |
| ANDHRA PAPER LIMITED (ANDHRAPAP) | $18.93 Billion | 17.95% | 0.29x | $143.16 Million |
| Astron Paper & Board Mill Limited (ASTRON) | $1.76 Billion | 5.81% | 0.84x | $2.23 Million |
| Ballarpur Industries Limited (BALLARPUR) | $-21.91 Billion | 0.00% | 0.00x | $2.75 Billion |
| Emami Paper Mills Limited (EMAMIPAP) | $6.78 Billion | 3.84% | 1.68x | $51.45 Million |
| Genus Paper & Boards Limited (GENUSPAPER) | $3.49 Billion | 2.94% | 0.29x | $37.60 Million |
| JK Paper Limited (JKPAPER) | $8.75 Billion | 4.34% | 2.54x | $659.99 Million |
| Kuantum Papers Limited (KUANTUM) | $8.17 Billion | -1.56% | 0.98x | $73.76 Million |
| Magnum Ventures Limited (MAGNUM) | $551.42 Million | -51.57% | 5.76x | $15.25 Million |
| Orient Paper & Industries Limited (ORIENTPPR) | $12.63 Billion | 1.58% | 0.34x | $42.29 Million |
| Pakka Limited (PAKKA) | $392.82 Million | 7.77% | 2.69x | $46.08 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