Ircon International Limited (IRCON) - Net Assets
Based on the latest financial reports, Ircon International Limited (IRCON) has net assets worth Rs64.91 Billion INR (≈ $701.96 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 (Rs202.19 Billion ≈ $2.19 Billion USD) and total liabilities (Rs137.28 Billion ≈ $1.48 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. Check IRCON financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs64.91 Billion |
| % of Total Assets | 32.1% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 44.49% |
| 10-Year Change | 73.79% |
| Growth Volatility | 5.88 |
Ircon International Limited - Net Assets Trend (2013–2025)
This chart illustrates how Ircon International Limited's net assets have evolved over time, based on quarterly financial data. Also explore IRCON total assets for the complete picture of this company's asset base.
Annual Net Assets for Ircon International Limited (2013–2025)
The table below shows the annual net assets of Ircon International Limited from 2013 to 2025. For live valuation and market cap data, see market value of Ircon International Limited.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
-- |
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 grown by 24.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs28.23 Billion | 44.62% |
| Common Stock | Rs1.88 Billion | 2.97% |
| Other Comprehensive Income | Rs33.15 Billion | 52.41% |
| Total Equity | Rs63.26 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 |
|---|---|
|
Shanghai Zijiang Enterprise Group Co Ltd
SHG:600210
|
$1.55 Billion |
|
Sichuan Chengfei Integration Technology Corp Ltd
SHE:002190
|
$1.55 Billion |
|
Naruida Technology Co. Ltd. Cl A
SHG:688522
|
$1.55 Billion |
|
Borr Drilling Ltd
NYSE:BORR
|
$1.55 Billion |
|
Lakeland Financial Corporation
NASDAQ:LKFN
|
$1.55 Billion |
|
Global Brands Manufacture Ltd
TW:6191
|
$1.55 Billion |
|
Digiwin Software Co Ltd
SHE:300378
|
$1.55 Billion |
|
Enviri Corporation
NYSE:NVRI
|
$1.55 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 2024 to 2025, total equity changed from 58,709,200,000 to 63,263,500,000, a change of 4,554,300,000 (7.8%).
- Net income of 7,274,100,000 contributed positively to equity growth.
- Dividend payments of 2,774,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 54,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs7.27 Billion | +11.5% |
| Dividends Paid | Rs2.77 Billion | -4.39% |
| Other Comprehensive Income | Rs54.70 Million | +0.09% |
| Other Changes | Rs100.00K | +0.0% |
| Total Change | Rs- | 7.76% |
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: 2.26x
- 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 6.05x to 2.26x 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 | Rs152.20 | x |
| 2014-03-31 | Rs30.47 | Rs152.20 | x |
| 2015-03-31 | Rs34.89 | Rs152.20 | x |
| 2016-03-31 | Rs36.76 | Rs152.20 | x |
| 2017-03-31 | Rs38.56 | Rs152.20 | x |
| 2018-03-31 | Rs38.50 | Rs152.20 | x |
| 2019-03-31 | Rs42.15 | Rs152.20 | x |
| 2020-03-31 | Rs44.35 | Rs152.20 | x |
| 2021-03-31 | Rs46.82 | Rs152.20 | x |
| 2022-03-31 | Rs49.61 | Rs152.20 | x |
| 2023-03-31 | Rs55.41 | Rs152.20 | x |
| 2024-03-31 | Rs62.42 | Rs152.20 | x |
| 2025-03-31 | Rs67.26 | Rs152.20 | 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): 11.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.76%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 3.09x
- Recent ROE (11.50%) is below the historical average (14.86%), 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 |
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: $5,406,533,252
- Average return on equity (ROE) among peers: 11.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ircon International Limited (IRCON) | Rs64.91 Billion | 29.08% | 2.12x | $1.55 Billion |
| A2Z Infra Engineering Limited (A2ZINFRA) | $2.39 Billion | -46.34% | 11.33x | $32.19 Million |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $35.98 Billion | 12.50% | 3.51x | $1.35 Billion |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $4.86 Million |
| Ashoka Buildcon Limited (ASHOKA) | $1.53 Billion | 2.79% | 1.89x | $407.57 Million |
| AXISCADES Technologies Limited (AXISCADES) | $1.27 Billion | 15.54% | 0.48x | $923.53 Million |
| Capacit'e Infraprojects Limited (CAPACITE) | $1.73 Billion | 28.13% | 4.06x | $230.95 Million |
| Consolidated Construction Consortium Limited (CCCL) | $4.51 Billion | 19.32% | 1.22x | $79.43 Million |
| Ceigall India (CEIGALL) | $4.31 Billion | 29.19% | 1.22x | $637.91 Million |
| Dilip Buildcon Limited (DBL) | $1.13 Billion | 34.61% | 3.83x | $816.55 Million |
| Dhruv Consultancy Services Limited (DHRUV) | $395.72 Million | 12.22% | 1.09x | $7.28 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