INOX India Limited (INOXINDIA) - Net Assets

Latest as of March 2026: Rs11.18 Billion INR ≈ $120.87 Million USD

Based on the latest financial reports, INOX India Limited (INOXINDIA) has net assets worth Rs11.18 Billion INR (≈ $120.87 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs20.16 Billion ≈ $218.01 Million USD) and total liabilities (Rs8.98 Billion ≈ $97.14 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 INOXINDIA tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs11.18 Billion
% of Total Assets 55.44%
Annual Growth Rate 27.01%
5-Year Change 122.51%
10-Year Change N/A
Growth Volatility 9.17

INOX India Limited - Net Assets Trend (2018–2025)

This chart illustrates how INOX India Limited's net assets have evolved over time, based on quarterly financial data. See INOX India Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for INOX India Limited (2018–2025)

The table below shows the annual net assets of INOX India Limited from 2018 to 2025. For live valuation and market cap data, see market cap of INOX India Limited.

Year Net Assets Change
2025-09-30 Rs11.18 Billion
≈ $120.87 Million		 +27.92%
2024-09-30 Rs8.74 Billion
≈ $94.49 Million		 +34.61%
2023-09-30 Rs6.49 Billion
≈ $70.19 Million		 +18.12%
2022-09-30 Rs5.49 Billion
≈ $59.42 Million		 +9.40%
2021-09-30 Rs5.02 Billion
≈ $54.32 Million		 +35.20%
2020-09-30 Rs3.72 Billion
≈ $40.18 Million		 +32.96%
2019-09-30 Rs2.79 Billion
≈ $30.22 Million		 +33.31%
2018-09-30 Rs2.10 Billion
≈ $22.67 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to INOX 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 1067596000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings Rs10.68 Billion 95.53%
Common Stock Rs181.53 Million 1.62%
Other Components Rs318.60 Million 2.85%
Total Equity Rs11.18 Billion 100.00%

INOX India Limited Competitors by Market Cap

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

Company Market Cap
Nurix Therapeutics Inc
NASDAQ:NRIX
 $1.78 Billion
LandBridge Company LLC
NYSE:LB
 $1.78 Billion
China-Singapore Suzhou Industrial Park Development Group Co Ltd
SHG:601512
 $1.78 Billion
Droneshield Ltd
AU:DRO
 $1.78 Billion
Hangzhou MDK Opto Electronic Corp. Ltd. A
SHG:688079
 $1.78 Billion
Austevoll Seafood ASA
OL:AUSS
 $1.78 Billion
Streamax Technology Co Ltd
SHE:002970
 $1.78 Billion
China Cinda Asset Management Co., Ltd.
F:0CI
 $1.78 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 8,736,926,000 to 11,176,085,000, a change of 2,439,159,000 (27.9%).
  • Net income of 2,578,884,000 contributed positively to equity growth.
  • Dividend payments of 181,527,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 273,796,000.
  • Other factors increased equity by 315,598,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Rs2.58 Billion +23.08%
Dividends Paid Rs181.53 Million -1.62%
Other Comprehensive Income Rs-273.80 Million -2.45%
Other Changes Rs315.60 Million +2.82%
Total Change Rs- 27.92%

Book Value vs Market Value Analysis

This analysis compares INOX 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: 14.76x
  • 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 78.48x to 14.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2018-09-30 Rs23.09 Rs1812.40 x
2019-09-30 Rs30.79 Rs1812.40 x
2020-09-30 Rs40.93 Rs1812.40 x
2021-09-30 Rs55.34 Rs1812.40 x
2022-09-30 Rs60.54 Rs1812.40 x
2023-09-30 Rs71.31 Rs1812.40 x
2024-09-30 Rs95.98 Rs1812.40 x
2025-09-30 Rs122.77 Rs1812.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently INOX 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): 23.08%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.25%
  • • Asset Turnover: 0.79x
  • • Equity Multiplier: 1.80x
  • Recent ROE (23.08%) is below the historical average (35.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2018 92.25% 30.05% 0.89x 3.46x Rs1.72 Billion
2019 32.91% 14.17% 1.03x 2.25x Rs640.20 Million
2020 25.87% 16.56% 0.84x 1.85x Rs589.56 Million
2021 25.98% 17.22% 0.85x 1.79x Rs802.70 Million
2022 28.16% 16.49% 0.82x 2.09x Rs997.90 Million
2023 30.20% 17.72% 0.92x 1.85x Rs1.31 Billion
2024 25.87% 17.66% 0.77x 1.89x Rs1.39 Billion
2025 23.08% 16.25% 0.79x 1.80x Rs1.46 Billion

Industry Comparison

This section compares INOX India Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

  • Industry: Specialty Industrial Machinery
  • Average net assets among peers: $8,885,935,519
  • Average return on equity (ROE) among peers: 0.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
INOX India Limited (INOXINDIA) Rs11.18 Billion 92.25% 0.80x $1.78 Billion
Aaron Industries Limited (AARON) $93.73 Million 11.30% 0.87x $28.02 Million
Ador Welding Limited (ADORWELD) $2.35 Billion 7.84% 0.61x $184.52 Million
The Anup Engineering Limited (ANUP) $3.23 Billion 13.31% 0.31x $480.66 Million
ATAM VALVES ORD (BSE) (ATAM) $364.70 Million 17.27% 0.48x $8.92 Million
Azad Engineering Limited (AZAD) $1.20 Billion 24.55% 2.37x $1.44 Billion
Bharat Heavy Electricals Limited (BHEL) $52.96 Billion 12.43% 1.30x $15.29 Billion
Cummins India Limited (CUMMINSIND) $20.43 Billion 28.94% 0.52x $17.56 Billion
Diamond Power Infrastructure Limited (DIACABS) $6.55 Billion -122.90% 2.75x $1.15 Billion
Diffusion Engineers Ltd (DIFFNKG) $1.42 Billion 15.59% 0.62x $149.46 Million
Ducon Infratechnologies Limited (DUCON) $259.30 Million 0.36% 0.44x $12.51 Million

About INOX India Limited

NSE:INOXINDIA India Specialty Industrial Machinery
Market Cap
$1.78 Billion
Rs164.50 Billion INR
Market Cap Rank
#6692 Global
#305 in India
Share Price
Rs1812.40
Change (1 day)
-5.36%
52-Week Range
Rs1071.80 - Rs1915.10
All Time High
Rs1915.10
Categories
Companies in India Specialty Industrial Machinery
About

INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally. The company offers industrial gas equipment comprising storage and transport tanks, microbulk units, vaporizers and piping, and oil and gas equipment. It also provides liquid nitrogen containers, bi… Read more