Master Drilling Group Ltd (MDI) - Net Assets

Latest as of June 2026: ZAC250.48 Million ZAC ≈ $133.12K USD

Based on the latest financial reports, Master Drilling Group Ltd (MDI) has net assets worth ZAC250.48 Million ZAC (≈ $133.12K USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC449.24 Million ≈ $238.75K USD) and total liabilities (ZAC198.76 Million ≈ $105.63K 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 how strategically is Master Drilling Group Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ZAC250.48 Million
% of Total Assets	55.76%
Annual Growth Rate	7.36%
5-Year Change	30.37%
10-Year Change	66.06%
Growth Volatility	6.4

Master Drilling Group Ltd - Net Assets Trend (2012–2025)

This chart illustrates how Master Drilling Group Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Master Drilling Group Ltd stock valuation.

Annual Net Assets for Master Drilling Group Ltd (2012–2025)

The table below shows the annual net assets of Master Drilling Group Ltd from 2012 to 2025. Also explore MDI net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	ZAC242.97 Million ≈ $129.13K	+14.90%
2024-12-31	ZAC211.47 Million ≈ $112.39K	+1.19%
2023-12-31	ZAC208.98 Million ≈ $111.06K	+10.50%
2022-12-31	ZAC189.13 Million ≈ $100.51K	+1.48%
2021-12-31	ZAC186.37 Million ≈ $99.05K	+5.80%
2020-12-31	ZAC176.15 Million ≈ $93.61K	+0.58%
2019-12-31	ZAC175.13 Million ≈ $93.07K	+6.76%
2018-12-31	ZAC164.04 Million ≈ $87.18K	+1.69%
2017-12-31	ZAC161.32 Million ≈ $85.74K	+10.26%
2016-12-31	ZAC146.32 Million ≈ $77.76K	+23.72%
2015-12-31	ZAC118.27 Million ≈ $62.85K	+2.24%
2014-12-31	ZAC115.68 Million ≈ $61.48K	+9.01%
2013-12-31	ZAC106.12 Million ≈ $56.40K	+10.00%
2012-12-31	ZAC96.47 Million ≈ $51.27K	--

Equity Component Analysis

This analysis shows how different components contribute to Master Drilling Group 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 16143.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ZAC199.76 Million	90.83%
Common Stock	ZAC147.99 Million	67.29%
Other Comprehensive Income	ZAC-129.09 Million	-58.70%
Other Components	ZAC1.28 Million	0.58%
Total Equity	ZAC219.93 Million	100.00%

Master Drilling Group Ltd Competitors by Market Cap

The table below lists competitors of Master Drilling Group Ltd ranked by their market capitalization.

Company	Market Cap
Gandhi Special Tubes Limited NSE:GANDHITUBE	$122.42 Million
Singatron Enterprise Co Ltd TWO:6126	$122.45 Million
Parsan Makina Parcalari Sanayi AS IS:PARSN	$122.46 Million
Cornish Metals Inc. V:CUSN	$122.51 Million
Bajaj Healthcare Limited NSE:BAJAJHCARE	$122.36 Million
Thai Steel Cable Public Company Limited BK:TSC	$122.28 Million
KB Star REIT Co. Ltd. KO:432320	$122.27 Million
Iris Clothings Limited NSE:IRISDOREME	$122.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Master Drilling Group Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 187,155,110 to 219,931,726, a change of 32,776,616 (17.5%).
Net income of 30,482,245 contributed positively to equity growth.
Dividend payments of 5,474,585 reduced retained earnings.
Other comprehensive income increased equity by 10,138,331.
Other factors decreased equity by 2,369,375.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ZAC30.48 Million	+13.86%
Dividends Paid	ZAC5.47 Million	-2.49%
Other Comprehensive Income	ZAC10.14 Million	+4.61%
Other Changes	ZAC-2.37 Million	-1.08%
Total Change	ZAC-	17.51%

Book Value vs Market Value Analysis

This analysis compares Master Drilling Group 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: 1052.19x
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 2542.85x to 1052.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	ZAC0.60	ZAC1530.00	x
2013-12-31	ZAC0.62	ZAC1530.00	x
2014-12-31	ZAC0.67	ZAC1530.00	x
2015-12-31	ZAC0.68	ZAC1530.00	x
2016-12-31	ZAC0.86	ZAC1530.00	x
2017-12-31	ZAC1.01	ZAC1530.00	x
2018-12-31	ZAC1.02	ZAC1530.00	x
2019-12-31	ZAC1.09	ZAC1530.00	x
2020-12-31	ZAC1.10	ZAC1530.00	x
2021-12-31	ZAC1.17	ZAC1530.00	x
2022-12-31	ZAC1.14	ZAC1530.00	x
2023-12-31	ZAC1.22	ZAC1530.00	x
2024-12-31	ZAC1.24	ZAC1530.00	x
2025-12-31	ZAC1.45	ZAC1530.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Master Drilling Group 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): 13.86%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.44%
• Asset Turnover: 0.67x
• Equity Multiplier: 1.98x
Recent ROE (13.86%) is above the historical average (11.57%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	1.38%	11.36%	0.07x	1.77x	ZAC-7.70 Million
2013	16.47%	12.64%	0.74x	1.77x	ZAC5.94 Million
2014	16.87%	12.81%	0.77x	1.70x	ZAC6.89 Million
2015	19.58%	16.66%	0.66x	1.77x	ZAC9.77 Million
2016	16.30%	17.95%	0.56x	1.64x	ZAC8.19 Million
2017	11.24%	14.17%	0.51x	1.55x	ZAC1.90 Million
2018	10.82%	12.09%	0.52x	1.72x	ZAC1.27 Million
2019	9.24%	10.29%	0.54x	1.67x	ZAC-1.25 Million
2020	2.01%	2.71%	0.46x	1.59x	ZAC-13.30 Million
2021	11.34%	11.65%	0.59x	1.64x	ZAC2.37 Million
2022	12.38%	9.46%	0.66x	1.99x	ZAC4.12 Million
2023	11.13%	8.48%	0.67x	1.96x	ZAC2.09 Million
2024	9.31%	6.43%	0.72x	2.02x	ZAC-1.30 Million
2025	13.86%	10.44%	0.67x	1.98x	ZAC8.49 Million

Industry Comparison

This section compares Master Drilling Group Ltd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $5,496,542,000
Average return on equity (ROE) among peers: 18.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Master Drilling Group Ltd (MDI)	ZAC250.48 Million	1.38%	0.79x	$122.40 Million
Aveng Ltd (AEG)	$10.89 Billion	19.21%	1.09x	$28.32 Million
Murray & Roberts Holdings Ltd (MUR)	$5.82 Billion	35.43%	2.72x	$238.01K
Raubex (RBX)	$3.53 Billion	11.32%	0.78x	$404.48 Million
Stefstock (SSK)	$1.61 Billion	19.80%	2.11x	$55.11 Million
Wilson Bayly Holmes Ovcon Ltd (WBO)	$5.63 Billion	5.62%	2.28x	$388.89 Million

About Master Drilling Group Ltd

JSE:MDI South Africa Engineering & Construction

Market Cap

$122.40 Million

ZAC230.32 Billion ZAC

Market Cap Rank

#18513 Global

#138 in South Africa

Share Price

ZAC1530.00

Change (1 day)

+0.00%

52-Week Range

ZAC1321.00 - ZAC1920.00

All Time High

ZAC1920.00