Tolins Tyres Ltd (TOLINS) - Net Assets
Based on the latest financial reports, Tolins Tyres Ltd (TOLINS) has net assets worth Rs3.41 Billion INR (≈ $36.87 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 (Rs3.88 Billion ≈ $41.93 Million USD) and total liabilities (Rs468.00 Million ≈ $5.06 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 tangible equity quality of Tolins Tyres Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.41 Billion |
| % of Total Assets | 87.93% |
| Annual Growth Rate | 210.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 138.59 |
Tolins Tyres Ltd - Net Assets Trend (2022–2025)
This chart illustrates how Tolins Tyres Ltd's net assets have evolved over time, based on quarterly financial data. See TOLINS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tolins Tyres Ltd (2022–2025)
The table below shows the annual net assets of Tolins Tyres Ltd from 2022 to 2025. For live valuation and market cap data, see market value of Tolins Tyres Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.24 Billion ≈ $35.09 Million |
+222.70% |
| 2024-03-31 | Rs1.01 Billion ≈ $10.87 Million |
+417.60% |
| 2023-03-31 | Rs194.23 Million ≈ $2.10 Million |
+79.43% |
| 2022-03-31 | Rs108.25 Million ≈ $1.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tolins Tyres Ltd'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 655.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs710.96 Million | 21.91% |
| Common Stock | Rs197.54 Million | 6.09% |
| Other Components | Rs2.34 Billion | 72.00% |
| Total Equity | Rs3.24 Billion | 100.00% |
Tolins Tyres Ltd Competitors by Market Cap
The table below lists competitors of Tolins Tyres Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Awilco LNG ASA
OL:ALNG
|
$45.75 Million |
|
I-Hwa Industrial Co Ltd
TW:1456
|
$45.77 Million |
|
LAVA Therapeutics NV
NASDAQ:LVTX
|
$45.77 Million |
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT3
|
$45.77 Million |
|
Loyal Metals Ltd
AU:LLM
|
$45.72 Million |
|
Joong Ang Enervis Co. Ltd
KQ:000440
|
$45.72 Million |
|
Flagship Minerals Ltd
AU:FLG
|
$45.71 Million |
|
Centara Hotels & Resorts Leasehold Property Fund
BK:CTARAF
|
$45.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tolins Tyres Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,005,330,000 to 3,244,250,000, a change of 2,238,920,000 (222.7%).
- Net income of 386,820,000 contributed positively to equity growth.
- Other factors increased equity by 1,852,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs386.82 Million | +11.92% |
| Other Changes | Rs1.85 Billion | +57.09% |
| Total Change | Rs- | 222.70% |
Book Value vs Market Value Analysis
This analysis compares Tolins Tyres Ltd'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: 1.17x
- 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 39.07x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | Rs2.74 | Rs107.04 | x |
| 2023-03-31 | Rs4.92 | Rs107.04 | x |
| 2024-03-31 | Rs25.45 | Rs107.04 | x |
| 2025-03-31 | Rs91.14 | Rs107.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tolins Tyres Ltd 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): 11.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.23%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.14x
- Recent ROE (11.92%) is below the historical average (17.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 5.83% | 0.56% | 1.14x | 9.16x | Rs-4.51 Million |
| 2023 | 25.70% | 4.22% | 1.41x | 4.32x | Rs30.50 Million |
| 2024 | 25.87% | 11.45% | 1.03x | 2.20x | Rs159.53 Million |
| 2025 | 11.92% | 13.23% | 0.79x | 1.14x | Rs62.40 Million |
Industry Comparison
This section compares Tolins Tyres Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $10,366,605,260
- Average return on equity (ROE) among peers: 11.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tolins Tyres Ltd (TOLINS) | Rs3.41 Billion | 5.83% | 0.14x | $45.74 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $1.98 Billion | 1.00% | 8.68x | $2.37 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $6.32 Billion | 13.08% | 0.75x | $987.66 Million |
| Balkrishna Industries Limited (BALKRISIND) | $3.47 Billion | 23.92% | 1.79x | $4.67 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $5.89 Billion | 15.26% | 0.61x | $1.03 Billion |
| Bharat Gears Limited (BHARATGEAR) | $475.08 Million | 8.51% | 2.52x | $20.83 Million |
| Bosch Limited (BOSCHLTD) | $25.63 Billion | 23.77% | 0.52x | $12.77 Billion |
| CEAT Limited (CEATLTD) | $6.54 Billion | 4.20% | 3.39x | $1.52 Billion |
| CIE Automotive India Limited (CIEINDIA) | $46.34 Billion | 7.64% | 0.88x | $1.87 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $4.92 Billion | 4.23% | 1.80x | $2.45 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.10 Billion | 13.38% | 0.45x | $281.33 Million |
About Tolins Tyres Ltd
Tolins Tyres Limited manufactures and sells tires and tread rubber in India. It offers two-wheeler, three-wheeler, light commercial vehicle, and agricultural tires; precured tread rubber; and retreading products, including bonding gum, curing bags, camel back - conventional rubber, vulcanizing solutions, etc. The company also exports its products to 40 countries, including the Middle East, East A… Read more