BELL AGROMACHINA ORD T (BSE) (BALUFORGE) - Net Assets

Latest as of September 2025: Rs12.49 Billion INR ≈ $135.07 Million USD

Based on the latest financial reports, BELL AGROMACHINA ORD T (BSE) (BALUFORGE) has net assets worth Rs12.49 Billion INR (≈ $135.07 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 (Rs15.24 Billion ≈ $164.84 Million USD) and total liabilities (Rs2.75 Billion ≈ $29.77 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 BALUFORGE cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs12.49 Billion
% of Total Assets	81.94%
Annual Growth Rate	104.04%
5-Year Change	1258.78%
10-Year Change	6642866.08%
Growth Volatility	5519.93

BELL AGROMACHINA ORD T (BSE) - Net Assets Trend (2010–2025)

This chart illustrates how BELL AGROMACHINA ORD T (BSE)'s net assets have evolved over time, based on quarterly financial data. Also explore BALUFORGE total asset value for the complete picture of this company's asset base.

Annual Net Assets for BELL AGROMACHINA ORD T (BSE) (2010–2025)

The table below shows the annual net assets of BELL AGROMACHINA ORD T (BSE) from 2010 to 2025. For live valuation and market cap data, see BALUFORGE market cap.

Year	Net Assets	Change
2025-03-31	Rs10.53 Billion ≈ $113.90 Million	+90.47%
2024-03-31	Rs5.53 Billion ≈ $59.80 Million	+179.80%
2023-03-31	Rs1.98 Billion ≈ $21.37 Million	+24.59%
2022-03-31	Rs1.59 Billion ≈ $17.15 Million	+104.65%
2021-03-31	Rs775.12 Million ≈ $8.38 Million	+22199.11%
2020-03-31	Rs3.48 Million ≈ $37.59K	+14.14%
2019-03-31	Rs3.05 Million ≈ $32.94K	+165.12%
2018-03-31	Rs1.15 Million ≈ $12.42K	+126.39%
2017-03-31	Rs507.42K ≈ $5.49K	+220.04%
2016-03-31	Rs158.55K ≈ $1.71K	-52.32%
2015-03-31	Rs332.54K ≈ $3.60K	+27.95%
2014-03-31	Rs259.90K ≈ $2.81K	+18.25%
2013-03-31	Rs219.78K ≈ $2.38K	-71.91%
2012-03-31	Rs782.41K ≈ $8.46K	+54.93%
2011-03-31	Rs505.00K ≈ $5.46K	+112.18%
2010-03-31	Rs238.00K ≈ $2.57K	--

Equity Component Analysis

This analysis shows how different components contribute to BELL AGROMACHINA ORD T (BSE)'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 373931310000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs3.71 Billion	35.18%
Common Stock	Rs1.11 Billion	10.52%
Other Comprehensive Income	Rs919.18 Million	8.73%
Other Components	Rs4.80 Billion	45.57%
Total Equity	Rs10.53 Billion	100.00%

BELL AGROMACHINA ORD T (BSE) Competitors by Market Cap

The table below lists competitors of BELL AGROMACHINA ORD T (BSE) ranked by their market capitalization.

Company	Market Cap
China Bills Finance Corp TW:2820	$710.82 Million
Start Group SHG:600734	$710.82 Million
Gerresheimer AG F:GXI	$710.83 Million
Hichain Logistics Co Ltd SHE:300873	$710.99 Million
Nanjing Port Co Ltd SHE:002040	$710.45 Million
Shenandoah Telecommunications Co NASDAQ:SHEN	$710.38 Million
BIOCYTOGEN PHARMA. H YC1 F:I54	$710.19 Million
LSI Industries Inc NASDAQ:LYTS	$710.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BELL AGROMACHINA ORD T (BSE)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,529,633,000 to 10,532,157,000, a change of 5,002,524,000 (90.5%).
Net income of 2,038,554,000 contributed positively to equity growth.
Dividend payments of 15,741,000 reduced retained earnings.
New share issuances of 2,961,466,000 increased equity.
Other comprehensive income increased equity by 687,037,999.
Other factors decreased equity by 668,792,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs2.04 Billion	+19.36%
Dividends Paid	Rs15.74 Million	-0.15%
Share Issuances	Rs2.96 Billion	+28.12%
Other Comprehensive Income	Rs687.04 Million	+6.52%
Other Changes	Rs-668.79 Million	-6.35%
Total Change	Rs-	90.47%

Book Value vs Market Value Analysis

This analysis compares BELL AGROMACHINA ORD T (BSE)'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: 5.70x
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 720.53x to 5.70x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2014-03-31	Rs0.75	Rs541.40	x
2015-03-31	Rs0.96	Rs541.40	x
2016-03-31	Rs0.45	Rs541.40	x
2017-03-31	Rs1.45	Rs541.40	x
2018-03-31	Rs3.28	Rs541.40	x
2019-03-31	Rs8.70	Rs541.40	x
2020-03-31	Rs0.00	Rs541.40	x
2021-03-31	Rs19.26	Rs541.40	x
2022-03-31	Rs21.06	Rs541.40	x
2023-03-31	Rs23.72	Rs541.40	x
2024-03-31	Rs57.50	Rs541.40	x
2025-03-31	Rs94.96	Rs541.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BELL AGROMACHINA ORD T (BSE) 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): 19.36%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.07%
• Asset Turnover: 0.74x
• Equity Multiplier: 1.19x
Recent ROE (19.36%) is above the historical average (16.88%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	15.44%	4.90%	1.33x	2.37x	Rs14.13K
2015	21.84%	8.09%	1.32x	2.04x	Rs39.38K
2016	-109.75%	-38.53%	0.58x	4.90x	Rs-189.85K
2017	68.73%	29.03%	0.96x	2.45x	Rs297.70K
2018	59.25%	34.09%	1.00x	1.73x	Rs565.93K
2019	62.36%	104.05%	0.55x	1.09x	Rs1.59 Million
2020	0.00%	19.94%	0.49x	0.00x	Rs408.40K
2021	9.83%	5.53%	0.80x	2.21x	Rs-1.32 Million
2022	18.81%	10.82%	0.97x	1.79x	Rs139.82 Million
2023	19.69%	11.91%	0.88x	1.88x	Rs191.50 Million
2024	16.94%	16.93%	0.78x	1.29x	Rs383.77 Million
2025	19.36%	22.07%	0.74x	1.19x	Rs985.34 Million

Industry Comparison

This section compares BELL AGROMACHINA ORD T (BSE)'s net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $2,453,818,322
Average return on equity (ROE) among peers: 13.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	Rs12.49 Billion	15.44%	0.22x	$710.75 Million
Aeroflex Industries Limited (AEROFLEX)	$3.42 Billion	15.33%	0.25x	$436.02 Million
Alicon Castalloy Limited (ALICON)	$231.86 Million	32.52%	4.67x	$123.28 Million
DCM Limited (DCM)	$869.40 Million	-1.79%	4.76x	$16.57 Million
DEE Development Eng Ltd (DEEDEV)	$4.54 Billion	0.00%	0.84x	$312.36 Million
D P Wires Limited (DPWIRES)	$278.89 Million	18.01%	1.92x	$29.98 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$1.02 Billion	24.96%	0.10x	$109.45 Million
Ganga Forging Limited (GANGAFORGE)	$119.98 Million	-17.63%	1.75x	$4.23 Million
Gravita India Limited (GRAVITA)	$6.02 Billion	33.42%	1.00x	$1.28 Billion
Happy Forgings Limited (HAPPYFORGE)	$5.58 Billion	14.31%	0.37x	$1.38 Billion

About BELL AGROMACHINA ORD T (BSE)

NSE:BALUFORGE India Metal Fabrication

Market Cap

$710.75 Million

Rs65.72 Billion INR

Market Cap Rank

#10776 Global

#516 in India

Share Price

Rs541.40

Change (1 day)

+5.45%

52-Week Range

Rs356.30 - Rs762.90

All Time High

Rs854.18