TruCap Finance Limited
TruCap Finance Limited, a non-banking finance company, provides loans in India. The company operates in two segments, Fund Based Activities and Advisory Services. It offers micro enterprise loans, SME loans, other structured business, personal loans, and gold loans, as well as related ancillary services. The company was formerly known as Dhanvarsha Finvest Limited and changed its name to TruCap F… Read more
TruCap Finance Limited (TRU) - Net Assets
Latest net assets as of September 2025: ₹1.08 Billion INR
Based on the latest financial reports, TruCap Finance Limited (TRU) has net assets worth ₹1.08 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹4.49 Billion) and total liabilities (₹3.42 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.08 Billion |
| % of Total Assets | 24.01% |
| Annual Growth Rate | 35.59% |
| 5-Year Change | 62.28% |
| 10-Year Change | 1783.51% |
| Growth Volatility | 67.45 |
TruCap Finance Limited - Net Assets Trend (2012–2025)
This chart illustrates how TruCap Finance Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TruCap Finance Limited (2012–2025)
The table below shows the annual net assets of TruCap Finance Limited from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.62 Billion | -23.49% |
| 2024-03-31 | ₹2.12 Billion | -1.93% |
| 2023-03-31 | ₹2.16 Billion | +25.58% |
| 2022-03-31 | ₹1.72 Billion | +72.23% |
| 2021-03-31 | ₹999.14 Million | +220.72% |
| 2020-03-31 | ₹311.53 Million | +6.75% |
| 2019-03-31 | ₹291.84 Million | +133.86% |
| 2018-03-31 | ₹124.79 Million | +44.85% |
| 2017-03-31 | ₹86.15 Million | +0.08% |
| 2016-03-31 | ₹86.08 Million | +21.66% |
| 2015-03-31 | ₹70.76 Million | +115.10% |
| 2014-03-31 | ₹32.89 Million | +2.01% |
| 2013-03-31 | ₹32.25 Million | +4.13% |
| 2012-03-31 | ₹30.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TruCap Finance 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 31623100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹233.80 Million | 14.42% |
| Other Comprehensive Income | ₹220.79 Million | 13.62% |
| Other Components | ₹1.48 Billion | 91.47% |
| Total Equity | ₹1.62 Billion | 100.00% |
TruCap Finance Limited Competitors by Market Cap
The table below lists competitors of TruCap Finance Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROVSING AS IN. DK 50
F:RVY
|
$3.51 Million |
|
Sodas Sodyum Sanayi AS
IS:SODSN
|
$3.51 Million |
|
Magnetite Mines Ltd
AU:MGT
|
$3.51 Million |
|
Society Pass Inc
NASDAQ:SOPA
|
$3.51 Million |
|
1ZX0
F:1ZX0
|
$3.50 Million |
|
Norwegian Block Exchange AS
OL:NBX
|
$3.50 Million |
|
Webus International Limited Ordinary Shares
NASDAQ:WETO
|
$3.50 Million |
|
Biotricity Inc
NASDAQ:BTCY
|
$3.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TruCap Finance Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,119,081,000 to 1,621,369,000, a change of -497,712,000 (-23.5%).
- Net loss of 592,500,000 reduced equity.
- Dividend payments of 1,169,000 reduced retained earnings.
- New share issuances of 100,000,000 increased equity.
- Other comprehensive income increased equity by 78,520,000.
- Other factors decreased equity by 82,563,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-592.50 Million | -36.54% |
| Dividends Paid | ₹1.17 Million | -0.07% |
| Share Issuances | ₹100.00 Million | +6.17% |
| Other Comprehensive Income | ₹78.52 Million | +4.84% |
| Other Changes | ₹-82.56 Million | -5.09% |
| Total Change | ₹- | -23.49% |
Book Value vs Market Value Analysis
This analysis compares TruCap Finance 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: 0.46x
- 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 4.79x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | ₹1.28 | ₹6.13 | x |
| 2013-03-31 | ₹1.33 | ₹6.13 | x |
| 2014-03-31 | ₹1.20 | ₹6.13 | x |
| 2015-03-31 | ₹1.82 | ₹6.13 | x |
| 2016-03-31 | ₹2.22 | ₹6.13 | x |
| 2017-03-31 | ₹2.22 | ₹6.13 | x |
| 2018-03-31 | ₹3.22 | ₹6.13 | x |
| 2019-03-31 | ₹4.65 | ₹6.13 | x |
| 2020-03-31 | ₹4.34 | ₹6.13 | x |
| 2021-03-31 | ₹10.31 | ₹6.13 | x |
| 2022-03-31 | ₹17.47 | ₹6.13 | x |
| 2023-03-31 | ₹19.49 | ₹6.13 | x |
| 2024-03-31 | ₹18.06 | ₹6.13 | x |
| 2025-03-31 | ₹13.46 | ₹6.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TruCap Finance 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): -36.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.82%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 4.31x
- Recent ROE (-36.54%) is below the historical average (2.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 8.40% | 0.00% | 0.00x | 6.17x | ₹-494.96K |
| 2013 | 3.97% | 31.21% | 0.03x | 4.53x | ₹-1.94 Million |
| 2014 | 1.97% | 21.27% | 0.02x | 4.44x | ₹-2.64 Million |
| 2015 | 0.33% | 15.17% | 0.02x | 1.35x | ₹-6.84 Million |
| 2016 | 0.95% | 4.50% | 0.20x | 1.08x | ₹-7.79 Million |
| 2017 | 0.08% | 3.55% | 0.02x | 1.06x | ₹-8.54 Million |
| 2018 | 32.72% | 55.85% | 0.13x | 4.34x | ₹28.35 Million |
| 2019 | 7.31% | 11.81% | 0.32x | 1.94x | ₹-7.84 Million |
| 2020 | 13.04% | 21.47% | 0.39x | 1.56x | ₹9.46 Million |
| 2021 | 1.30% | 4.46% | 0.16x | 1.87x | ₹-86.90 Million |
| 2022 | 2.32% | 5.45% | 0.15x | 2.74x | ₹-132.23 Million |
| 2023 | 0.29% | 0.52% | 0.18x | 3.11x | ₹-209.78 Million |
| 2024 | 5.17% | 6.90% | 0.17x | 4.35x | ₹-102.28 Million |
| 2025 | -36.54% | -30.82% | 0.27x | 4.31x | ₹-754.64 Million |
Industry Comparison
This section compares TruCap Finance Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $3,621,595,776
- Average return on equity (ROE) among peers: 14.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TruCap Finance Limited (TRU) | ₹1.08 Billion | 8.40% | 3.17x | $3.50 Million |
| Akme Fintrade India Ltd (AFIL) | $3.82 Billion | 8.69% | 0.77x | $14.54 Million |
| Arman Financial Services Limited (ARMANFIN) | $196.82 Million | 15.55% | 2.31x | $97.80 Million |
| Baid Finserv Limited (BAIDFIN) | $1.30 Billion | 5.85% | 1.62x | $4.85 Million |
| Capital Trust Limited (CAPTRUST) | $93.80 Million | 16.46% | 2.19x | $586.90K |
| Capri Global Capital Limited (CGCL) | $1.53 Billion | 67.12% | 0.54x | $555.03 Million |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $8.02 Billion | 8.68% | 3.62x | $1.74 Billion |
| Capital India Finance Limited (CIFL) | $6.56 Billion | -6.33% | 1.73x | $2.98K |
| CP Capital Limited (CPCAP) | $5.46 Billion | 6.99% | 0.14x | $4.60 Million |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $6.91 Billion | 10.89% | 4.16x | $724.43 Million |
| CSL Finance Limited (CSLFINANCE) | $2.33 Billion | 9.66% | 0.43x | $19.61 Million |