TPL Plastech Limited (TPLPLASTEH) - Net Assets
Based on the latest financial reports, TPL Plastech Limited (TPLPLASTEH) has net assets worth Rs1.52 Billion INR (≈ $16.45 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 (Rs2.50 Billion ≈ $27.02 Million USD) and total liabilities (Rs976.82 Million ≈ $10.56 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 TPL Plastech Limited (TPLPLASTEH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.52 Billion |
| % of Total Assets | 60.9% |
| Annual Growth Rate | 15.37% |
| 5-Year Change | 60.58% |
| 10-Year Change | 194.6% |
| Growth Volatility | 7.5 |
TPL Plastech Limited - Net Assets Trend (2007–2025)
This chart illustrates how TPL Plastech Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of TPL Plastech Limited for the complete picture of this company's asset base.
Annual Net Assets for TPL Plastech Limited (2007–2025)
The table below shows the annual net assets of TPL Plastech Limited from 2007 to 2025. For live valuation and market cap data, see market value of TPL Plastech Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.48 Billion ≈ $15.96 Million |
+13.24% |
| 2024-03-31 | Rs1.30 Billion ≈ $14.10 Million |
+12.96% |
| 2023-03-31 | Rs1.15 Billion ≈ $12.48 Million |
+12.58% |
| 2022-03-31 | Rs1.03 Billion ≈ $11.09 Million |
+11.51% |
| 2021-03-31 | Rs919.19 Million ≈ $9.94 Million |
+6.21% |
| 2020-03-31 | Rs865.45 Million ≈ $9.36 Million |
+9.43% |
| 2019-03-31 | Rs790.86 Million ≈ $8.55 Million |
+11.47% |
| 2018-03-31 | Rs709.51 Million ≈ $7.67 Million |
+15.62% |
| 2017-03-31 | Rs613.64 Million ≈ $6.64 Million |
+22.47% |
| 2016-03-31 | Rs501.03 Million ≈ $5.42 Million |
+14.15% |
| 2015-03-31 | Rs438.94 Million ≈ $4.75 Million |
+14.83% |
| 2014-03-31 | Rs382.26 Million ≈ $4.13 Million |
+16.34% |
| 2013-03-31 | Rs328.58 Million ≈ $3.55 Million |
+15.67% |
| 2012-03-31 | Rs284.07 Million ≈ $3.07 Million |
+16.67% |
| 2011-03-31 | Rs243.47 Million ≈ $2.63 Million |
+42.15% |
| 2010-03-31 | Rs171.28 Million ≈ $1.85 Million |
+19.23% |
| 2009-03-31 | Rs143.66 Million ≈ $1.55 Million |
+8.20% |
| 2008-03-31 | Rs132.77 Million ≈ $1.44 Million |
+18.02% |
| 2007-03-31 | Rs112.50 Million ≈ $1.22 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TPL Plastech 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 3481.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.24 Billion | 83.69% |
| Common Stock | Rs156.01 Million | 10.57% |
| Other Comprehensive Income | Rs84.74 Million | 5.74% |
| Total Equity | Rs1.48 Billion | 100.00% |
TPL Plastech Limited Competitors by Market Cap
The table below lists competitors of TPL Plastech Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nido Education Ltd
AU:NDO
|
$57.83 Million |
|
Cayson Acquisition Corp Ordinary shares
NASDAQ:CAPN
|
$57.85 Million |
|
CTI Traffic Industries Co Ltd
TWO:2230
|
$57.87 Million |
|
AMCON Distributing Company
NYSE MKT:DIT
|
$57.88 Million |
|
Sugentech Inc
KQ:253840
|
$57.82 Million |
|
Nila Spaces Limited
NSE:NILASPACES
|
$57.80 Million |
|
Woory Industrial Co. Ltd
KQ:215360
|
$57.80 Million |
|
Hwacheon Mac
KO:000850
|
$57.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPL Plastech Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,303,494,000 to 1,476,022,000, a change of 172,528,000 (13.2%).
- Net income of 235,929,000 contributed positively to equity growth.
- Dividend payments of 62,402,000 reduced retained earnings.
- Other comprehensive income increased equity by 83,501,000.
- Other factors decreased equity by 84,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs235.93 Million | +15.98% |
| Dividends Paid | Rs62.40 Million | -4.23% |
| Other Comprehensive Income | Rs83.50 Million | +5.66% |
| Other Changes | Rs-84.50 Million | -5.72% |
| Total Change | Rs- | 13.24% |
Book Value vs Market Value Analysis
This analysis compares TPL Plastech 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: 3.63x
- 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 47.52x to 3.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | Rs1.44 | Rs68.54 | x |
| 2008-03-31 | Rs1.70 | Rs68.54 | x |
| 2009-03-31 | Rs1.84 | Rs68.54 | x |
| 2010-03-31 | Rs2.20 | Rs68.54 | x |
| 2011-03-31 | Rs3.12 | Rs68.54 | x |
| 2012-03-31 | Rs3.64 | Rs68.54 | x |
| 2013-03-31 | Rs4.21 | Rs68.54 | x |
| 2014-03-31 | Rs4.90 | Rs68.54 | x |
| 2015-03-31 | Rs5.63 | Rs68.54 | x |
| 2016-03-31 | Rs6.42 | Rs68.54 | x |
| 2017-03-31 | Rs7.87 | Rs68.54 | x |
| 2018-03-31 | Rs9.10 | Rs68.54 | x |
| 2019-03-31 | Rs10.14 | Rs68.54 | x |
| 2020-03-31 | Rs11.10 | Rs68.54 | x |
| 2021-03-31 | Rs11.78 | Rs68.54 | x |
| 2022-03-31 | Rs13.14 | Rs68.54 | x |
| 2023-03-31 | Rs14.79 | Rs68.54 | x |
| 2024-03-31 | Rs16.71 | Rs68.54 | x |
| 2025-03-31 | Rs18.89 | Rs68.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPL Plastech 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): 15.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.75%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.66x
- Recent ROE (15.98%) is below the historical average (18.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 23.61% | 5.96% | 1.76x | 2.26x | Rs15.31 Million |
| 2008 | 28.86% | 6.36% | 1.61x | 2.82x | Rs25.04 Million |
| 2009 | 20.28% | 4.29% | 1.69x | 2.79x | Rs14.77 Million |
| 2010 | 26.75% | 6.26% | 1.31x | 3.26x | Rs28.69 Million |
| 2011 | 37.10% | 9.26% | 1.19x | 3.37x | Rs65.98 Million |
| 2012 | 20.67% | 4.57% | 1.24x | 3.65x | Rs30.32 Million |
| 2013 | 19.10% | 4.08% | 1.31x | 3.57x | Rs29.91 Million |
| 2014 | 18.82% | 3.78% | 1.57x | 3.17x | Rs33.70 Million |
| 2015 | 17.34% | 4.15% | 1.49x | 2.80x | Rs32.20 Million |
| 2016 | 17.17% | 4.61% | 1.48x | 2.52x | Rs35.93 Million |
| 2017 | 18.38% | 6.26% | 1.22x | 2.41x | Rs51.44 Million |
| 2018 | 17.14% | 6.33% | 0.98x | 2.76x | Rs50.66 Million |
| 2019 | 14.45% | 5.06% | 1.09x | 2.62x | Rs35.19 Million |
| 2020 | 12.42% | 4.98% | 1.08x | 2.31x | Rs20.95 Million |
| 2021 | 8.71% | 4.70% | 0.90x | 2.07x | Rs-11.87 Million |
| 2022 | 12.98% | 5.83% | 1.10x | 2.01x | Rs30.51 Million |
| 2023 | 13.89% | 5.93% | 1.21x | 1.94x | Rs44.95 Million |
| 2024 | 15.23% | 6.34% | 1.35x | 1.78x | Rs68.13 Million |
| 2025 | 15.98% | 6.75% | 1.42x | 1.66x | Rs88.33 Million |
Industry Comparison
This section compares TPL Plastech Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,053,668,243
- Average return on equity (ROE) among peers: 5.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPL Plastech Limited (TPLPLASTEH) | Rs1.52 Billion | 23.61% | 0.64x | $57.82 Million |
| AGI Greenpac Limited (AGI) | $13.78 Billion | 6.46% | 0.87x | $443.60 Million |
| AMD Industries Limited (AMDIND) | $1.05 Billion | 1.02% | 1.62x | $9.17 Million |
| Antarctica Limited (ANTGRAPHIC) | $159.64 Million | -2.03% | 2.17x | $1.44 Million |
| Arrow Greentech Limited (ARROWGREEN) | $106.21 Million | -2.55% | 1.05x | $87.08 Million |
| Balkrishna Paper Mills Limited (BALKRISHNA) | $-1.50 Billion | 0.00% | 0.00x | $6.28 Million |
| B&B Triplewall Containers Limited (BBTCL) | $129.80 Million | 14.86% | 2.79x | $42.43 Million |
| Bkm Industries Limited (BKMINDST) | $2.36 Billion | 5.12% | 0.94x | $1.28 Million |
| Borosil Scientific (BOROSCI) | $3.76 Billion | 6.26% | 0.31x | $110.49 Million |
| COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) | $228.62 Million | 22.97% | 2.07x | $66.80 Million |
| Emmbi Industries Limited (EMMBI) | $468.82 Million | 5.48% | 0.78x | $17.45 Million |
About TPL Plastech Limited
TPL Plastech Limited engages in the manufacture and sale of polymer products in India. The company provides intermediate bulk container (IBC) under QuBC and re-bottled IBC under COBO brand names. It offers narrow mouth drums; narrow mouth and wide mouth carboys for specialty chemical and adhesive industries; bulk and medium open top drums that are used for packing powder, paste type, and semi liq… Read more