Ircon International Limited (IRCON) - Net Assets
Based on the latest financial reports, Ircon International Limited (IRCON) has net assets worth Rs66.71 Billion INR (≈ $721.41 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 (Rs213.07 Billion ≈ $2.30 Billion USD) and total liabilities (Rs146.36 Billion ≈ $1.58 Billion 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 how large is Ircon International Limited's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs66.71 Billion |
| % of Total Assets | 31.31% |
| Annual Growth Rate | 7.87% |
| 5-Year Change | 42.94% |
| 10-Year Change | 73.87% |
| Growth Volatility | 5.72 |
Ircon International Limited - Net Assets Trend (2013–2026)
This chart illustrates how Ircon International Limited's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Ircon International Limited to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Ircon International Limited (2013–2026)
The table below shows the annual net assets of Ircon International Limited from 2013 to 2026. For live valuation and market cap data, see Ircon International Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs66.71 Billion ≈ $721.41 Million |
+4.85% |
| 2025-03-31 | Rs63.62 Billion ≈ $688.02 Million |
+7.72% |
| 2024-03-31 | Rs59.06 Billion ≈ $638.72 Million |
+13.04% |
| 2023-03-31 | Rs52.25 Billion ≈ $565.02 Million |
+11.95% |
| 2022-03-31 | Rs46.67 Billion ≈ $504.69 Million |
+5.99% |
| 2021-03-31 | Rs44.03 Billion ≈ $476.18 Million |
+5.56% |
| 2020-03-31 | Rs41.71 Billion ≈ $451.11 Million |
+5.22% |
| 2019-03-31 | Rs39.64 Billion ≈ $428.72 Million |
+5.38% |
| 2018-03-31 | Rs37.62 Billion ≈ $406.82 Million |
-1.95% |
| 2017-03-31 | Rs38.37 Billion ≈ $414.91 Million |
+4.80% |
| 2016-03-31 | Rs36.61 Billion ≈ $395.90 Million |
+5.36% |
| 2015-03-31 | Rs34.75 Billion ≈ $375.77 Million |
+14.43% |
| 2014-03-31 | Rs30.37 Billion ≈ $328.40 Million |
+21.89% |
| 2013-03-31 | Rs24.91 Billion ≈ $269.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ircon International 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.88 Billion | 2.83% |
| Other Components | Rs64.51 Billion | 97.17% |
| Total Equity | Rs66.39 Billion | 100.00% |
Ircon International Limited Competitors by Market Cap
The table below lists competitors of Ircon International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SonoScape Medical Corp
SHE:300633
|
$1.28 Billion |
|
Yapp Automotive Systems Co Ltd
SHG:603013
|
$1.28 Billion |
|
Xiamen King Long Motor Group Co Ltd
SHG:600686
|
$1.28 Billion |
|
Jiangsu Guomao Reducer Co Ltd
SHG:603915
|
$1.28 Billion |
|
Luoyang Longhua Heat Trans Energy
SHE:300263
|
$1.28 Billion |
|
Sichuan Jinlu Group Co Ltd
SHE:000510
|
$1.28 Billion |
|
Perrigo Company plc
F:PIG
|
$1.28 Billion |
|
Orora Ltd
AU:ORA
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ircon International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 63,263,500,000 to 66,386,400,000, a change of 3,122,900,000 (4.9%).
- Net income of 5,954,700,000 contributed positively to equity growth.
- Dividend payments of 2,069,100,000 reduced retained earnings.
- Other comprehensive income decreased equity by 33,154,600,000.
- Other factors increased equity by 32,391,900,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs5.95 Billion | +8.97% |
| Dividends Paid | Rs2.07 Billion | -3.12% |
| Other Comprehensive Income | Rs-33.15 Billion | -49.94% |
| Other Changes | Rs32.39 Billion | +48.79% |
| Total Change | Rs- | 4.94% |
Book Value vs Market Value Analysis
This analysis compares Ircon International 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: 1.79x
- 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 5.01x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs25.14 | Rs125.99 | x |
| 2014-03-31 | Rs30.47 | Rs125.99 | x |
| 2015-03-31 | Rs34.89 | Rs125.99 | x |
| 2016-03-31 | Rs36.76 | Rs125.99 | x |
| 2017-03-31 | Rs38.56 | Rs125.99 | x |
| 2018-03-31 | Rs38.50 | Rs125.99 | x |
| 2019-03-31 | Rs42.15 | Rs125.99 | x |
| 2020-03-31 | Rs44.35 | Rs125.99 | x |
| 2021-03-31 | Rs46.82 | Rs125.99 | x |
| 2022-03-31 | Rs49.61 | Rs125.99 | x |
| 2023-03-31 | Rs55.41 | Rs125.99 | x |
| 2024-03-31 | Rs62.42 | Rs125.99 | x |
| 2025-03-31 | Rs67.26 | Rs125.99 | x |
| 2026-03-31 | Rs70.57 | Rs125.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ircon International 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): 8.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.56%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.21x
- Recent ROE (8.97%) is below the historical average (14.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 29.08% | 17.09% | 0.68x | 2.51x | Rs4.74 Billion |
| 2014 | 29.51% | 21.51% | 0.67x | 2.06x | Rs5.88 Billion |
| 2015 | 16.30% | 18.92% | 0.46x | 1.89x | Rs2.18 Billion |
| 2016 | 10.80% | 15.77% | 0.31x | 2.24x | Rs292.17 Million |
| 2017 | 10.06% | 12.52% | 0.33x | 2.42x | Rs22.88 Million |
| 2018 | 10.86% | 10.16% | 0.31x | 3.40x | Rs324.85 Million |
| 2019 | 11.35% | 9.38% | 0.36x | 3.36x | Rs536.48 Million |
| 2020 | 11.63% | 9.00% | 0.42x | 3.09x | Rs681.38 Million |
| 2021 | 8.88% | 7.31% | 0.48x | 2.56x | Rs-492.53 Million |
| 2022 | 12.70% | 8.03% | 0.51x | 3.10x | Rs1.26 Billion |
| 2023 | 14.68% | 7.38% | 0.67x | 2.98x | Rs2.44 Billion |
| 2024 | 15.83% | 7.43% | 0.72x | 2.97x | Rs3.42 Billion |
| 2025 | 11.50% | 6.76% | 0.55x | 3.09x | Rs947.75 Million |
| 2026 | 8.97% | 6.56% | 0.43x | 3.21x | Rs-683.94 Million |
Industry Comparison
This section compares Ircon International Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $15,788,654,526
- Average return on equity (ROE) among peers: 255.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ircon International Limited (IRCON) | Rs66.71 Billion | 29.08% | 2.19x | $1.28 Billion |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.50 Billion | -9.20% | 1.49x | $29.62 Million |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $1.08 Billion |
| Akash Infra-Projects Limited (AKASH) | $445.41 Million | 21.94% | 1.00x | $4.87 Million |
| Ashoka Buildcon Limited (ASHOKA) | $2.73 Billion | 5.27% | 1.15x | $367.62 Million |
| AXISCADES Technologies Limited (AXISCADES) | $1.03 Billion | 15.50% | 0.70x | $714.31 Million |
| Capacit'e Infraprojects Limited (CAPACITE) | $15.17 Billion | 7.93% | 1.08x | $196.44 Million |
| Consolidated Construction Consortium Limited (CCCL) | $275.93 Million | 2437.47% | 18.65x | $74.84 Million |
| Ceigall India (CEIGALL) | $21.46 Billion | 14.53% | 1.57x | $645.73 Million |
| Dilip Buildcon Limited (DBL) | $52.55 Billion | 12.19% | 2.75x | $754.01 Million |
| Dhruv Consultancy Services Limited (DHRUV) | $99.06 Million | 36.26% | 2.08x | $5.04 Million |
About Ircon International Limited
Ircon International Limited, together with its subsidiaries, engages in the provision of construction services. It undertakes construction of new railway lines; rehabilitation/conversion of existing lines, station buildings and facilities, and bridges; construction of railway bridges, tunnels, and signaling and telecommunication networks; railway electrification works; wet leasing of locomotives;… Read more