Ester Industries (NSE:ESTER) Equity-to-Asset: (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ESTER Ester Industries Ltd NSE:ESTER
68 GF Score
Price ₹87.67
GF Value ₹118.51
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ester Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ester Industries's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹ Mil. Ester Industries's Total Assets for the quarter that ended in Jun. 2026 was ₹ Mil.

The historical rank and industry rank for Ester Industries's Equity-to-Asset or its related term are showing as below:

NSE:ESTER' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.45   Max: 0.64
Current: 0.47

During the past 13 years, the highest Equity to Asset Ratio of Ester Industries was 0.64. The lowest was 0.40. And the median was 0.45.

NSE:ESTER's Equity-to-Asset is ranked worse than
67.24% of 1624 companies
in the Chemicals industry
Industry Median: 0.6 vs NSE:ESTER: 0.47

Ester Industries  (NSE:ESTER) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Ester Industries Equity-to-Asset Related Terms


Ester Industries Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Ester Industries's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ester Industries Equity-to-Asset Chart

Ester Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.43 0.43 0.49 0.47

Ester Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.47 - 0.47 -

NSE:ESTER vs LIN, SHW, ECL: Equity-to-Asset Comparison

For the Specialty Chemicals subindustry, Ester Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ester Industries Equity-to-Asset vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ester Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Ester Industries's Equity-to-Asset falls into.


NSE:ESTER
68GF Score
Ester Industries Ltd NSE:ESTER
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ester Industries Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Ester Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Equity to Asset (A: Mar. 2026 )=Total Stockholders Equity/Total Assets
=7827.3/16801.728
=0.47

Ester Industries's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=/
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Ester Industries (NSE:ESTER) Overvalued in 2026?

Based on GuruFocus' analysis, Ester Industries stock appears to be undervalued. The current stock price of ₹87.67 is trading 26% below its estimated GF Value™ of ₹118.51. GuruFocus considers Ester Industries to be Modestly Undervalued.

Key valuation signals for NSE:ESTER:

  • Equity-to-Asset:
  • GF Value™: ₹118.51 vs. price of ₹87.67 (26% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the NSE:ESTER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ester Industries Business Description

Other Exchanges 500136:India
Address Infocity-I, Sector 34, Plot No. 11, Block-A, Gurgaon, HR, IND, 122001
Ester Industries Ltd is engaged in the manufacturing of polyester films, and specialty polymers. The company operates through segments namely Polyester chips and film and Speciality Polymers. The company generates maximum revenue from the Polyester chips and film segment. The Polyester chips and film segment is used in flexible packaging and other industrial applications. It serves food packaging; beverage packaging, home and personal care, industrial packaging, construction, automotive, electrical and electronics, carpet, and other industries. Geographically, the company derives a majority of its revenue from India.
68GF Score

Get the complete analysis for NSE:ESTER

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹87.67
Price
₹118.51
GF Value