Vipul Limited
Vipul Limited engages in the development of real estate properties in India. Its project portfolio includes a range of residential properties, such as integrated townships, villas, and communities, as well as commercial and retail properties. The company was formerly known as Vipul Infrastructure Developers Ltd and changed its name to Vipul Limited in January 2006. Vipul Limited was incorporated … Read more
Vipul Limited (VIPULLTD) - Net Assets
Latest net assets as of September 2025: ₹4.13 Billion INR
Based on the latest financial reports, Vipul Limited (VIPULLTD) has net assets worth ₹4.13 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 (₹11.91 Billion) and total liabilities (₹7.78 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 | ₹4.13 Billion |
| % of Total Assets | 34.67% |
| Annual Growth Rate | 15.7% |
| 5-Year Change | 36.93% |
| 10-Year Change | 0.94% |
| Growth Volatility | 119.01 |
Vipul Limited - Net Assets Trend (2006–2025)
This chart illustrates how Vipul 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 Vipul Limited (2006–2025)
The table below shows the annual net assets of Vipul Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.77 Billion | +7.18% |
| 2024-03-31 | ₹3.52 Billion | +198.71% |
| 2023-03-31 | ₹1.18 Billion | -49.78% |
| 2022-03-31 | ₹2.35 Billion | -14.83% |
| 2021-03-31 | ₹2.75 Billion | -16.58% |
| 2020-03-31 | ₹3.30 Billion | -10.56% |
| 2019-03-31 | ₹3.69 Billion | +1.19% |
| 2018-03-31 | ₹3.65 Billion | +0.33% |
| 2017-03-31 | ₹3.64 Billion | -2.68% |
| 2016-03-31 | ₹3.74 Billion | -2.58% |
| 2015-03-31 | ₹3.83 Billion | -2.87% |
| 2014-03-31 | ₹3.95 Billion | -2.14% |
| 2013-03-31 | ₹4.03 Billion | +2.78% |
| 2012-03-31 | ₹3.93 Billion | +4.51% |
| 2011-03-31 | ₹3.76 Billion | +6.39% |
| 2010-03-31 | ₹3.53 Billion | +2.06% |
| 2009-03-31 | ₹3.46 Billion | +5.05% |
| 2008-03-31 | ₹3.29 Billion | +486.87% |
| 2007-03-31 | ₹561.06 Million | +137.77% |
| 2006-03-31 | ₹235.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vipul 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 55454900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹554.55 Million | 14.71% |
| Common Stock | ₹140.96 Million | 3.74% |
| Other Comprehensive Income | ₹277.34 Million | 7.36% |
| Other Components | ₹2.80 Billion | 74.20% |
| Total Equity | ₹3.77 Billion | 100.00% |
Vipul Limited Competitors by Market Cap
The table below lists competitors of Vipul Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Openknowl Co.,Ltd.
KQ:440320
|
$11.79 Million |
|
Decent Holding Inc Ordinary Shares
NASDAQ:DXST
|
$11.80 Million |
|
GOODTECH ASA A NK 2
F:6FO
|
$11.80 Million |
|
Cannabist Company Holdings Inc
NEO:CBST
|
$11.81 Million |
|
Mundoro Capital Inc
OTCQB:MUNMF
|
$11.79 Million |
|
Cengild Medical Berhad
KLSE:0243
|
$11.79 Million |
|
DPSC Limited
NSE:DPSCLTD
|
$11.79 Million |
|
Spencer's Retail Limited
NSE:SPENCERS
|
$11.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vipul Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,517,927,000 to 3,770,476,000, a change of 252,549,000 (7.2%).
- Net loss of 282,689,000 reduced equity.
- Share repurchases of 20,975,000 reduced equity.
- New share issuances of 497,108,000 increased equity.
- Other comprehensive income decreased equity by 550,000.
- Other factors increased equity by 59,655,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-282.69 Million | -7.5% |
| Share Repurchases | ₹20.98 Million | -0.56% |
| Share Issuances | ₹497.11 Million | +13.18% |
| Other Comprehensive Income | ₹-550.00K | -0.01% |
| Other Changes | ₹59.66 Million | +1.58% |
| Total Change | ₹- | 7.18% |
Book Value vs Market Value Analysis
This analysis compares Vipul 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 5.52x 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 |
|---|---|---|---|
| 2006-03-31 | ₹2.14 | ₹11.79 | x |
| 2007-03-31 | ₹5.48 | ₹11.79 | x |
| 2008-03-31 | ₹28.75 | ₹11.79 | x |
| 2009-03-31 | ₹31.10 | ₹11.79 | x |
| 2010-03-31 | ₹29.45 | ₹11.79 | x |
| 2011-03-31 | ₹32.88 | ₹11.79 | x |
| 2012-03-31 | ₹32.71 | ₹11.79 | x |
| 2013-03-31 | ₹33.33 | ₹11.79 | x |
| 2014-03-31 | ₹32.61 | ₹11.79 | x |
| 2015-03-31 | ₹31.69 | ₹11.79 | x |
| 2016-03-31 | ₹30.86 | ₹11.79 | x |
| 2017-03-31 | ₹30.03 | ₹11.79 | x |
| 2018-03-31 | ₹30.13 | ₹11.79 | x |
| 2019-03-31 | ₹30.50 | ₹11.79 | x |
| 2020-03-31 | ₹27.25 | ₹11.79 | x |
| 2021-03-31 | ₹22.69 | ₹11.79 | x |
| 2022-03-31 | ₹19.28 | ₹11.79 | x |
| 2023-03-31 | ₹9.55 | ₹11.79 | x |
| 2024-03-31 | ₹29.32 | ₹11.79 | x |
| 2025-03-31 | ₹27.34 | ₹11.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vipul 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): -7.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.46%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 3.16x
- Recent ROE (-7.50%) is below the historical average (2.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 37.95% | 5.27% | 0.28x | 25.57x | ₹60.96 Million |
| 2007 | 74.37% | 19.46% | 0.19x | 19.83x | ₹361.16 Million |
| 2008 | 12.66% | 14.45% | 0.22x | 3.99x | ₹87.68 Million |
| 2009 | 5.16% | 4.25% | 0.37x | 3.30x | ₹-167.37 Million |
| 2010 | 2.51% | 3.11% | 0.23x | 3.50x | ₹-264.28 Million |
| 2011 | 6.73% | 6.58% | 0.29x | 3.55x | ₹-122.91 Million |
| 2012 | 4.84% | 4.45% | 0.34x | 3.18x | ₹-202.46 Million |
| 2013 | 3.25% | 3.15% | 0.34x | 3.00x | ₹-269.72 Million |
| 2014 | -2.03% | -3.04% | 0.22x | 3.10x | ₹-470.60 Million |
| 2015 | -2.96% | -4.80% | 0.17x | 3.52x | ₹-492.62 Million |
| 2016 | -2.67% | -5.35% | 0.13x | 3.94x | ₹-469.25 Million |
| 2017 | -2.74% | -4.25% | 0.15x | 4.21x | ₹-459.10 Million |
| 2018 | -1.34% | -1.70% | 0.17x | 4.74x | ₹-409.93 Million |
| 2019 | 0.33% | 0.54% | 0.12x | 5.11x | ₹-353.83 Million |
| 2020 | -10.51% | -19.46% | 0.09x | 5.82x | ₹-670.40 Million |
| 2021 | -20.40% | -149.17% | 0.02x | 6.94x | ₹-827.36 Million |
| 2022 | -18.08% | -30.26% | 0.07x | 7.98x | ₹-649.62 Million |
| 2023 | -102.37% | -156.63% | 0.05x | 12.58x | ₹-1.29 Billion |
| 2024 | 66.37% | 113.08% | 0.16x | 3.57x | ₹1.98 Billion |
| 2025 | -7.50% | -32.46% | 0.07x | 3.16x | ₹-659.74 Million |
Industry Comparison
This section compares Vipul Limited's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $41,736,062,488
- Average return on equity (ROE) among peers: 1.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vipul Limited (VIPULLTD) | ₹4.13 Billion | 37.95% | 1.88x | $11.79 Million |
| Housing Development and Infrastructure Limited (HDIL) | $114.83 Billion | 1.56% | 0.59x | $6.63 Million |
| Hemisphere Properties India Limited (HEMIPROP) | $2.84 Billion | -0.27% | 0.02x | $169.05 Million |
| The Phoenix Mills Limited (PHOENIXLTD) | $21.94 Billion | 3.84% | 1.28x | $3.43 Billion |
| Prestige Estates Projects Limited (PRESTIGE) | $10.36 Billion | 14.22% | 2.69x | $2.27 Billion |
| Prozone Realty Limited (PROZONER) | $7.86 Billion | -0.45% | 1.09x | $32.35 Million |
| Unitech Limited (UNITECH) | $92.59 Billion | -9.72% | 1.91x | $108.81 Million |