The India Cements Limited Net Assets

Latest as of March 2026: Rs101.24 Billion INR ≈ $1.09 Billion USD

The India Cements Limited net assets. Based on the latest financial reports, The India Cements Limited (INDIACEM) has net assets worth Rs101.24 Billion INR (≈ $1.09 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs134.03 Billion ≈ $1.45 Billion USD) and total liabilities (Rs32.79 Billion ≈ $354.59 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. Also explore The India Cements Limited annual equity growth to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs101.24 Billion
% of Total Assets	75.54%
Annual Growth Rate	11.13%
5-Year Change	68.08%
10-Year Change	94.31%
Growth Volatility	23.73

Net Assets of The India Cements Limited (2005–2026)

Net assets of The India Cements Limited from 2005 to 2026. This chart illustrates how The India Cements Limited's net assets have evolved over time, based on quarterly financial data. See INDIACEM net asset quality score to measure how much of total assets are equity-financed.

Annual Net Assets for The India Cements Limited (2005–2026)

The table below shows the annual net assets of The India Cements Limited from 2005 to 2026. For live market cap and overall valuation, see INDIACEM market cap.

Year	Net Assets	Change
2026-03-31	Rs101.24 Billion ≈ $1.09 Billion	-0.69%
2025-03-31	Rs101.94 Billion ≈ $1.10 Billion	+81.59%
2024-03-31	Rs56.14 Billion ≈ $607.12 Million	-3.65%
2023-03-31	Rs58.27 Billion ≈ $630.14 Million	-3.26%
2022-03-31	Rs60.23 Billion ≈ $651.41 Million	+4.35%
2021-03-31	Rs57.72 Billion ≈ $624.25 Million	+3.93%
2020-03-31	Rs55.54 Billion ≈ $600.67 Million	+4.80%
2019-03-31	Rs53.00 Billion ≈ $573.18 Million	-0.17%
2018-03-31	Rs53.09 Billion ≈ $574.15 Million	+1.89%
2017-03-31	Rs52.10 Billion ≈ $563.49 Million	+50.64%
2016-03-31	Rs34.59 Billion ≈ $374.06 Million	+1.52%
2015-03-31	Rs34.07 Billion ≈ $368.45 Million	-7.82%
2014-03-31	Rs36.96 Billion ≈ $399.72 Million	-7.89%
2013-03-31	Rs40.12 Billion ≈ $433.94 Million	+1.32%
2012-03-31	Rs39.60 Billion ≈ $428.30 Million	-0.79%
2011-03-31	Rs39.92 Billion ≈ $431.69 Million	-1.36%
2010-03-31	Rs40.47 Billion ≈ $437.65 Million	+14.40%
2009-03-31	Rs35.37 Billion ≈ $382.56 Million	+9.40%
2008-03-31	Rs32.33 Billion ≈ $349.67 Million	+52.75%
2007-03-31	Rs21.17 Billion ≈ $228.92 Million	+34.91%
2006-03-31	Rs15.69 Billion ≈ $169.68 Million	+42.14%
2005-03-31	Rs11.04 Billion ≈ $119.38 Million	--

Equity Component Analysis

This analysis shows how different components contribute to The India Cements 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 493254700000.0% over the analyzed period, indicating profitable operations and earnings retention.

The India Cements Limited Net Assets Breakdown (March 2026)

The India Cements Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Common Stock	Rs3.10 Billion	3.06%
Other Comprehensive Income	Rs98.14 Billion	96.94%
Total Equity	Rs101.24 Billion	100.00%

The India Cements Limited Competitors by Market Cap

The table below lists competitors of The India Cements Limited ranked by their market capitalization.

Company	Market Cap
OceanFirst Financial Corp. NASDAQ:OCFC	$1.06 Billion
Huangshan Novel Co Ltd SHE:002014	$1.06 Billion
ZINKA LOGISTICS SOL LTD NSE:BLACKBUCK	$1.06 Billion
Taiyuan Heavy Industry Co Ltd SHG:600169	$1.06 Billion
Guangdong CHJ Industry Co Ltd SHE:002345	$1.06 Billion
Apotea ST:APOTEA	$1.06 Billion
Sdiptech AB (publ) ST:SDIP-B	$1.06 Billion
Paras Defence and Space Technologies Limited NSE:PARAS	$1.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The India Cements Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 101,941,300,000 to 101,242,700,000, a change of -698,600,000 (-0.7%).
Net loss of 672,500,000 reduced equity.
Other comprehensive income increased equity by 44,807,464,000.
Other factors decreased equity by 44,833,564,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs-672.50 Million	-0.66%
Other Comprehensive Income	Rs44.81 Billion	+44.26%
Other Changes	Rs-44.83 Billion	-44.28%
Total Change	Rs-	-0.69%

Book Value vs Market Value Analysis

This analysis compares The India Cements 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: 1.45x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.73x to 1.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs54.99	Rs315.05	x
2006-03-31	Rs78.16	Rs315.05	x
2007-03-31	Rs83.82	Rs315.05	x
2008-03-31	Rs116.41	Rs315.05	x
2009-03-31	Rs125.31	Rs315.05	x
2010-03-31	Rs137.20	Rs315.05	x
2011-03-31	Rs125.43	Rs315.05	x
2012-03-31	Rs128.49	Rs315.05	x
2013-03-31	Rs129.93	Rs315.05	x
2014-03-31	Rs119.51	Rs315.05	x
2015-03-31	Rs110.05	Rs315.05	x
2016-03-31	Rs111.31	Rs315.05	x
2017-03-31	Rs167.93	Rs315.05	x
2018-03-31	Rs170.99	Rs315.05	x
2019-03-31	Rs169.67	Rs315.05	x
2020-03-31	Rs177.42	Rs315.05	x
2021-03-31	Rs184.15	Rs315.05	x
2022-03-31	Rs191.90	Rs315.05	x
2023-03-31	Rs186.39	Rs315.05	x
2024-03-31	Rs179.89	Rs315.05	x
2025-03-31	Rs328.95	Rs315.05	x
2026-03-31	Rs217.80	Rs315.05	x

Capital Efficiency Dashboard

This dashboard shows how efficiently The India Cements 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): -0.66%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1.50%
• Asset Turnover: 0.33x
• Equity Multiplier: 1.32x
Recent ROE (-0.66%) is below the historical average (3.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	-0.04%	-0.04%	0.32x	3.29x	Rs-1.11 Billion
2006	2.72%	2.79%	0.43x	2.29x	Rs-1.14 Billion
2007	27.16%	25.48%	0.48x	2.21x	Rs3.63 Billion
2008	19.84%	21.05%	0.49x	1.93x	Rs3.18 Billion
2009	11.95%	11.89%	0.51x	1.97x	Rs689.94 Million
2010	8.70%	9.39%	0.47x	1.99x	Rs-526.95 Million
2011	1.64%	1.80%	0.44x	2.07x	Rs-3.34 Billion
2012	6.88%	5.86%	0.53x	2.20x	Rs-1.23 Billion
2013	4.71%	3.64%	0.56x	2.31x	Rs-2.11 Billion
2014	-6.63%	-4.79%	0.56x	2.49x	Rs-6.10 Billion
2015	-0.10%	-0.07%	0.58x	2.57x	Rs-3.41 Billion
2016	3.40%	2.39%	0.57x	2.51x	Rs-2.26 Billion
2017	2.92%	2.93%	0.47x	2.11x	Rs-3.66 Billion
2018	1.23%	1.24%	0.48x	2.08x	Rs-4.62 Billion
2019	0.40%	0.36%	0.51x	2.15x	Rs-5.04 Billion
2020	0.91%	0.97%	0.44x	2.12x	Rs-5.00 Billion
2021	3.62%	4.58%	0.41x	1.94x	Rs-3.64 Billion
2022	1.32%	1.62%	0.40x	2.03x	Rs-5.16 Billion
2023	-2.20%	-2.26%	0.49x	1.99x	Rs-7.05 Billion
2024	-4.08%	-4.55%	0.47x	1.92x	Rs-7.85 Billion
2025	-1.41%	-3.46%	0.30x	1.36x	Rs-11.63 Billion
2026	-0.66%	-1.50%	0.33x	1.32x	Rs-10.80 Billion

Industry Comparison

This section compares The India Cements Limited's net assets metrics with peer companies in the Building Materials industry.

Industry Context

Industry: Building Materials
Average net assets among peers: $116,643,633,444
Average return on equity (ROE) among peers: -9.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The India Cements Limited (INDIACEM)	Rs101.24 Billion	-0.04%	0.32x	$1.06 Billion
ACC Limited (ACC)	$84.35 Billion	12.98%	0.43x	$2.38 Billion
Ambuja Cements Limited (AMBUJACEM)	$23.81 Billion	16.19%	0.96x	$9.91 Billion
Birla Corporation Limited (BIRLACORPN)	$66.74 Billion	6.30%	1.16x	$667.77 Million
Dalmia Bharat Limited (DALBHARAT)	$11.53 Billion	9.29%	1.24x	$2.80 Billion
Grasim Industries Limited (GRASIM)	$831.60 Billion	2.04%	1.76x	$22.67 Billion
Global Surfaces Limited (GSLSU)	$984.34 Million	34.47%	0.62x	$10.50 Million
HeidelbergCement India Limited (HEIDELBERG)	$116.54 Million	-212.69%	36.95x	$293.06 Million
IFGL Refractories Limited (IFGLEXPOR)	$590.99 Million	31.43%	2.37x	$129.47 Million
JK Cement Limited (JKCEMENT)	$30.07 Billion	16.37%	1.84x	$4.25 Billion

About The India Cements Limited

NSE:INDIACEM India Building Materials

Market Cap

$1.06 Billion

Rs97.63 Billion INR

Market Cap Rank

#8321 Global

#410 in India

Share Price

Rs315.05

Change (1 day)

-0.83%

52-Week Range

Rs294.35 - Rs478.55

All Time High

Rs478.55