De Nora India Limited
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company offers anodes for chlorine and oxygen evolution; cathodes for hydrogen evolution; disinfection systems; electrodes for metal winning; electrodes and accessories for cathodic protection; membrane technologies; and water technology products. It is also involved in the manufacturin… Read more
De Nora India Limited (DENORA) - Net Assets
Latest net assets as of September 2025: ₹1.27 Billion INR
Based on the latest financial reports, De Nora India Limited (DENORA) has net assets worth ₹1.27 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 (₹1.75 Billion) and total liabilities (₹479.57 Million). 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 | ₹1.27 Billion |
| % of Total Assets | 72.63% |
| Annual Growth Rate | 8.7% |
| 5-Year Change | 79.39% |
| 10-Year Change | 133.12% |
| Growth Volatility | 10.5 |
De Nora India Limited - Net Assets Trend (2006–2025)
This chart illustrates how De Nora India 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 De Nora India Limited (2006–2025)
The table below shows the annual net assets of De Nora India Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.20 Billion | +0.39% |
| 2024-03-31 | ₹1.20 Billion | +17.72% |
| 2023-03-31 | ₹1.02 Billion | +24.18% |
| 2022-03-31 | ₹818.81 Million | +22.25% |
| 2021-03-31 | ₹669.76 Million | +9.20% |
| 2020-03-31 | ₹613.33 Million | +15.23% |
| 2019-03-31 | ₹532.25 Million | +1.62% |
| 2018-03-31 | ₹523.77 Million | +0.87% |
| 2017-03-31 | ₹519.24 Million | +0.74% |
| 2016-03-31 | ₹515.40 Million | +31.27% |
| 2015-03-31 | ₹392.64 Million | +9.24% |
| 2014-03-31 | ₹359.43 Million | +6.72% |
| 2013-03-31 | ₹336.81 Million | +29.36% |
| 2012-03-31 | ₹260.36 Million | +0.16% |
| 2011-03-31 | ₹259.95 Million | -0.72% |
| 2010-03-31 | ₹261.84 Million | +0.53% |
| 2009-03-31 | ₹260.46 Million | +1.72% |
| 2008-03-31 | ₹256.06 Million | +1.66% |
| 2007-03-31 | ₹251.86 Million | +2.28% |
| 2006-03-31 | ₹246.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to De Nora India 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 100226200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.00 Billion | 83.42% |
| Common Stock | ₹53.09 Million | 4.42% |
| Other Comprehensive Income | ₹72.55 Million | 6.04% |
| Other Components | ₹73.61 Million | 6.13% |
| Total Equity | ₹1.20 Billion | 100.00% |
De Nora India Limited Competitors by Market Cap
The table below lists competitors of De Nora India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fang Holdings Ltd
NYSE:SFUNY
|
$18.07 Million |
|
Innovate Corp
NYSE:VATE
|
$18.08 Million |
|
Sunsweet Public Company Limited
BK:SUN
|
$18.08 Million |
|
C-Com Satellite Systems Inc
OTCQB:CYSNF
|
$18.10 Million |
|
LB30
F:LB30
|
$18.06 Million |
|
Neurizon Therapeutics Ltd
AU:NUZ
|
$18.06 Million |
|
Ascent Solar Technologies, Inc. Common Stock
NASDAQ:ASTI
|
$18.06 Million |
|
New Advanced Electronics Technologies Co Ltd
TWO:3465
|
$18.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in De Nora India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,196,891,000 to 1,201,501,000, a change of 4,610,000 (0.4%).
- Net income of 16,929,000 contributed positively to equity growth.
- Dividend payments of 10,617,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,702,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹16.93 Million | +1.41% |
| Dividends Paid | ₹10.62 Million | -0.88% |
| Other Comprehensive Income | ₹-1.70 Million | -0.14% |
| Total Change | ₹- | 0.39% |
Book Value vs Market Value Analysis
This analysis compares De Nora India 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: 3.17x
- 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 16.19x to 3.17x 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 | ₹44.33 | ₹717.55 | x |
| 2007-03-31 | ₹45.34 | ₹717.55 | x |
| 2008-03-31 | ₹46.09 | ₹717.55 | x |
| 2009-03-31 | ₹46.89 | ₹717.55 | x |
| 2010-03-31 | ₹47.14 | ₹717.55 | x |
| 2011-03-31 | ₹46.79 | ₹717.55 | x |
| 2012-03-31 | ₹46.95 | ₹717.55 | x |
| 2013-03-31 | ₹63.32 | ₹717.55 | x |
| 2014-03-31 | ₹67.71 | ₹717.55 | x |
| 2015-03-31 | ₹73.96 | ₹717.55 | x |
| 2016-03-31 | ₹97.10 | ₹717.55 | x |
| 2017-03-31 | ₹97.81 | ₹717.55 | x |
| 2018-03-31 | ₹98.66 | ₹717.55 | x |
| 2019-03-31 | ₹100.26 | ₹717.55 | x |
| 2020-03-31 | ₹115.53 | ₹717.55 | x |
| 2021-03-31 | ₹126.16 | ₹717.55 | x |
| 2022-03-31 | ₹154.24 | ₹717.55 | x |
| 2023-03-31 | ₹191.52 | ₹717.55 | x |
| 2024-03-31 | ₹225.45 | ₹717.55 | x |
| 2025-03-31 | ₹226.31 | ₹717.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently De Nora India 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): 1.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.47%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.18x
- Recent ROE (1.41%) is below the historical average (13.99%), 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 | 31.17% | 24.76% | 0.60x | 2.10x | ₹52.13 Million |
| 2007 | 20.04% | 20.81% | 0.65x | 1.48x | ₹25.28 Million |
| 2008 | 16.36% | 77.01% | 0.15x | 1.43x | ₹16.28 Million |
| 2009 | 7.93% | 20.11% | 0.32x | 1.22x | ₹-5.39 Million |
| 2010 | 0.53% | 2.73% | 0.16x | 1.22x | ₹-24.80 Million |
| 2011 | 11.77% | 49.84% | 0.18x | 1.28x | ₹4.61 Million |
| 2012 | 18.37% | 22.65% | 0.48x | 1.70x | ₹21.78 Million |
| 2013 | 39.51% | 20.71% | 1.28x | 1.49x | ₹99.39 Million |
| 2014 | 13.29% | 13.34% | 0.74x | 1.35x | ₹11.81 Million |
| 2015 | 10.83% | 13.93% | 0.63x | 1.24x | ₹3.26 Million |
| 2016 | 20.24% | 25.65% | 0.67x | 1.17x | ₹52.77 Million |
| 2017 | 5.74% | 11.18% | 0.42x | 1.23x | ₹-22.12 Million |
| 2018 | 3.23% | 6.26% | 0.43x | 1.20x | ₹-35.47 Million |
| 2019 | 2.98% | 4.85% | 0.50x | 1.23x | ₹-37.36 Million |
| 2020 | 13.25% | 16.85% | 0.64x | 1.23x | ₹19.95 Million |
| 2021 | 8.43% | 11.23% | 0.63x | 1.19x | ₹-10.52 Million |
| 2022 | 18.87% | 21.00% | 0.79x | 1.14x | ₹72.62 Million |
| 2023 | 19.94% | 27.94% | 0.63x | 1.14x | ₹101.08 Million |
| 2024 | 15.88% | 25.62% | 0.59x | 1.06x | ₹70.38 Million |
| 2025 | 1.41% | 2.47% | 0.48x | 1.18x | ₹-103.22 Million |
Industry Comparison
This section compares De Nora India Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $9,945,859,246
- Average return on equity (ROE) among peers: 13.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| De Nora India Limited (DENORA) | ₹1.27 Billion | 31.17% | 0.38x | $18.07 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.50K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.83 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $928.91 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $216.37 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.60 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.04 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $46.07 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.83 Million |