De Nora India Limited (DENORA) - Net Assets

Latest as of September 2025: Rs1.27 Billion INR ≈ $13.76 Million USD

Based on the latest financial reports, De Nora India Limited (DENORA) has net assets worth Rs1.27 Billion INR (≈ $13.76 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 (Rs1.75 Billion ≈ $18.95 Million USD) and total liabilities (Rs479.57 Million ≈ $5.19 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 De Nora India Limited (DENORA) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.27 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. Also explore balance sheet size of De Nora India Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see DENORA market cap.

Year	Net Assets	Change
2025-03-31	Rs1.20 Billion ≈ $12.99 Million	+0.39%
2024-03-31	Rs1.20 Billion ≈ $12.94 Million	+17.72%
2023-03-31	Rs1.02 Billion ≈ $11.00 Million	+24.18%
2022-03-31	Rs818.81 Million ≈ $8.86 Million	+22.25%
2021-03-31	Rs669.76 Million ≈ $7.24 Million	+9.20%
2020-03-31	Rs613.33 Million ≈ $6.63 Million	+15.23%
2019-03-31	Rs532.25 Million ≈ $5.76 Million	+1.62%
2018-03-31	Rs523.77 Million ≈ $5.66 Million	+0.87%
2017-03-31	Rs519.24 Million ≈ $5.62 Million	+0.74%
2016-03-31	Rs515.40 Million ≈ $5.57 Million	+31.27%
2015-03-31	Rs392.64 Million ≈ $4.25 Million	+9.24%
2014-03-31	Rs359.43 Million ≈ $3.89 Million	+6.72%
2013-03-31	Rs336.81 Million ≈ $3.64 Million	+29.36%
2012-03-31	Rs260.36 Million ≈ $2.82 Million	+0.16%
2011-03-31	Rs259.95 Million ≈ $2.81 Million	-0.72%
2010-03-31	Rs261.84 Million ≈ $2.83 Million	+0.53%
2009-03-31	Rs260.46 Million ≈ $2.82 Million	+1.72%
2008-03-31	Rs256.06 Million ≈ $2.77 Million	+1.66%
2007-03-31	Rs251.86 Million ≈ $2.72 Million	+2.28%
2006-03-31	Rs246.24 Million ≈ $2.66 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	Rs1.00 Billion	83.42%
Common Stock	Rs53.09 Million	4.42%
Other Comprehensive Income	Rs72.55 Million	6.04%
Other Components	Rs73.61 Million	6.13%
Total Equity	Rs1.20 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
Rigolleau SA BA:RIGO	$49.12 Million
Ymc Co. Ltd KQ:155650	$49.16 Million
Bowler Metcalf Ltd JSE:BCF	$49.16 Million
Mildex Optical TWO:4729	$49.17 Million
PEDEVCO Corp NYSE MKT:PED	$49.12 Million
Paradigm Biopharmaceuticals Ltd AU:PAR	$49.10 Million
Mnc Sky Vision Tbk JK:MSKY	$49.08 Million
Enjoei S.A SA:ENJU3	$49.08 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	Rs16.93 Million	+1.41%
Dividends Paid	Rs10.62 Million	-0.88%
Other Comprehensive Income	Rs-1.70 Million	-0.14%
Total Change	Rs-	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: 3.78x
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 19.30x to 3.78x 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	Rs44.33	Rs855.65	x
2007-03-31	Rs45.34	Rs855.65	x
2008-03-31	Rs46.09	Rs855.65	x
2009-03-31	Rs46.89	Rs855.65	x
2010-03-31	Rs47.14	Rs855.65	x
2011-03-31	Rs46.79	Rs855.65	x
2012-03-31	Rs46.95	Rs855.65	x
2013-03-31	Rs63.32	Rs855.65	x
2014-03-31	Rs67.71	Rs855.65	x
2015-03-31	Rs73.96	Rs855.65	x
2016-03-31	Rs97.10	Rs855.65	x
2017-03-31	Rs97.81	Rs855.65	x
2018-03-31	Rs98.66	Rs855.65	x
2019-03-31	Rs100.26	Rs855.65	x
2020-03-31	Rs115.53	Rs855.65	x
2021-03-31	Rs126.16	Rs855.65	x
2022-03-31	Rs154.24	Rs855.65	x
2023-03-31	Rs191.52	Rs855.65	x
2024-03-31	Rs225.45	Rs855.65	x
2025-03-31	Rs226.31	Rs855.65	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	Rs52.13 Million
2007	20.04%	20.81%	0.65x	1.48x	Rs25.28 Million
2008	16.36%	77.01%	0.15x	1.43x	Rs16.28 Million
2009	7.93%	20.11%	0.32x	1.22x	Rs-5.39 Million
2010	0.53%	2.73%	0.16x	1.22x	Rs-24.80 Million
2011	11.77%	49.84%	0.18x	1.28x	Rs4.61 Million
2012	18.37%	22.65%	0.48x	1.70x	Rs21.78 Million
2013	39.51%	20.71%	1.28x	1.49x	Rs99.39 Million
2014	13.29%	13.34%	0.74x	1.35x	Rs11.81 Million
2015	10.83%	13.93%	0.63x	1.24x	Rs3.26 Million
2016	20.24%	25.65%	0.67x	1.17x	Rs52.77 Million
2017	5.74%	11.18%	0.42x	1.23x	Rs-22.12 Million
2018	3.23%	6.26%	0.43x	1.20x	Rs-35.47 Million
2019	2.98%	4.85%	0.50x	1.23x	Rs-37.36 Million
2020	13.25%	16.85%	0.64x	1.23x	Rs19.95 Million
2021	8.43%	11.23%	0.63x	1.19x	Rs-10.52 Million
2022	18.87%	21.00%	0.79x	1.14x	Rs72.62 Million
2023	19.94%	27.94%	0.63x	1.14x	Rs101.08 Million
2024	15.88%	25.62%	0.59x	1.06x	Rs70.38 Million
2025	1.41%	2.47%	0.48x	1.18x	Rs-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: $8,488,792,401
Average return on equity (ROE) among peers: 7.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
De Nora India Limited (DENORA)	Rs1.27 Billion	31.17%	0.38x	$49.12 Million
Apar Industries Limited (APARINDS)	$2.88 Billion	-1.23%	5.59x	$5.36 Billion
Amara Raja Batteries Limited (ARE&M)	$13.63 Billion	26.96%	0.46x	$1.73 Billion
Bharat Bijlee Limited (BBL)	$6.91 Billion	8.82%	0.61x	$378.55 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$41.11 Billion	-11.94%	1.48x	$13.85 Billion
Cords Cable Industries Limited (CORDSCABLE)	$1.46 Billion	2.99%	1.02x	$25.10 Million
Dynamic Cables Limited (DYCL)	$270.46 Million	25.13%	4.97x	$194.13 Million
Elin Electronics Limited (ELIN)	$1.99 Billion	14.61%	1.00x	$65.09 Million
Eveready Industries India Limited (EVEREADY)	$5.93 Billion	2.29%	0.87x	$263.38 Million
Exicom Tele-Systems Limited (EXICOM)	$2.22 Billion	2.32%	1.72x	$173.57 Million

About De Nora India Limited

NSE:DENORA India Electrical Equipment & Parts

Market Cap

$49.12 Million

Rs4.54 Billion INR

Market Cap Rank

#21951 Global

#1211 in India

Share Price

Rs855.65

Change (1 day)

+4.78%

52-Week Range

Rs567.75 - Rs970.40

All Time High

Rs2250.52