KEC International Limited
KEC International Limited engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, supplies, and erects transmission lines on turnkey basis; executes gas insulated transmission lines; undertakes EPC projects of high voltage electrical switching and distribution substations, as well as transmission lines in oil field areas; and turnkey solutions for railw… Read more
KEC International Limited (KEC) - Net Assets
Latest net assets as of September 2025: ₹56.43 Billion INR
Based on the latest financial reports, KEC International Limited (KEC) has net assets worth ₹56.43 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹236.13 Billion) and total liabilities (₹179.70 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹56.43 Billion |
| % of Total Assets | 23.9% |
| Annual Growth Rate | 19.29% |
| 5-Year Change | 59.16% |
| 10-Year Change | 253.69% |
| Growth Volatility | 18.59 |
KEC International Limited - Net Assets Trend (2006–2025)
This chart illustrates how KEC International Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KEC International Limited (2006–2025)
The table below shows the annual net assets of KEC International Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹53.47 Billion | +30.56% |
| 2024-03-31 | ₹40.96 Billion | +8.60% |
| 2023-03-31 | ₹37.71 Billion | +4.19% |
| 2022-03-31 | ₹36.20 Billion | +7.75% |
| 2021-03-31 | ₹33.60 Billion | +20.09% |
| 2020-03-31 | ₹27.98 Billion | +14.89% |
| 2019-03-31 | ₹24.35 Billion | +21.91% |
| 2018-03-31 | ₹19.97 Billion | +25.91% |
| 2017-03-31 | ₹15.86 Billion | +4.93% |
| 2016-03-31 | ₹15.12 Billion | +13.69% |
| 2015-03-31 | ₹13.30 Billion | +11.60% |
| 2014-03-31 | ₹11.92 Billion | +3.87% |
| 2013-03-31 | ₹11.47 Billion | +3.56% |
| 2012-03-31 | ₹11.08 Billion | +17.03% |
| 2011-03-31 | ₹9.47 Billion | +20.26% |
| 2010-03-31 | ₹7.87 Billion | +41.03% |
| 2009-03-31 | ₹5.58 Billion | +12.71% |
| 2008-03-31 | ₹4.95 Billion | +82.05% |
| 2007-03-31 | ₹2.72 Billion | +45.30% |
| 2006-03-31 | ₹1.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KEC 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 4163.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹39.38 Billion | 73.64% |
| Common Stock | ₹532.40 Million | 1.00% |
| Other Comprehensive Income | ₹4.20 Billion | 7.86% |
| Other Components | ₹9.36 Billion | 17.50% |
| Total Equity | ₹53.47 Billion | 100.00% |
KEC International Limited Competitors by Market Cap
The table below lists competitors of KEC International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NBCC (India) Limited
NSE:NBCC
|
$988.65 Million |
|
Fevertree Drinks PLC
PINK:FQVTY
|
$988.71 Million |
|
VIX Securities JSC
VN:VIX
|
$988.83 Million |
|
IDT Corporation
NYSE:IDT
|
$988.87 Million |
|
Byline Bancorp Inc
NYSE:BY
|
$987.65 Million |
|
OEM-International AB Series B
LSE:0QTY
|
$987.47 Million |
|
Mayinglong Pharmaceutical Group Co Ltd
SHG:600993
|
$987.44 Million |
|
Shanghai Bailian Group Co Ltd A
SHG:600827
|
$987.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KEC International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,957,000,000 to 53,474,500,000, a change of 12,517,500,000 (30.6%).
- Net income of 5,707,400,000 contributed positively to equity growth.
- Dividend payments of 1,027,900,000 reduced retained earnings.
- Share repurchases of 8,701,600,000 reduced equity.
- New share issuances of 8,701,600,000 increased equity.
- Other comprehensive income decreased equity by 494,200,000.
- Other factors increased equity by 8,332,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.71 Billion | +10.67% |
| Dividends Paid | ₹1.03 Billion | -1.92% |
| Share Repurchases | ₹8.70 Billion | -16.27% |
| Share Issuances | ₹8.70 Billion | +16.27% |
| Other Comprehensive Income | ₹-494.20 Million | -0.92% |
| Other Changes | ₹8.33 Billion | +15.58% |
| Total Change | ₹- | 30.56% |
Book Value vs Market Value Analysis
This analysis compares KEC 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: 2.64x
- 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 54.29x to 2.64x 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 | ₹9.93 | ₹539.30 | x |
| 2007-03-31 | ₹14.43 | ₹539.30 | x |
| 2008-03-31 | ₹22.76 | ₹539.30 | x |
| 2009-03-31 | ₹22.62 | ₹539.30 | x |
| 2010-03-31 | ₹31.79 | ₹539.30 | x |
| 2011-03-31 | ₹36.82 | ₹539.30 | x |
| 2012-03-31 | ₹43.09 | ₹539.30 | x |
| 2013-03-31 | ₹44.62 | ₹539.30 | x |
| 2014-03-31 | ₹46.35 | ₹539.30 | x |
| 2015-03-31 | ₹51.73 | ₹539.30 | x |
| 2016-03-31 | ₹58.81 | ₹539.30 | x |
| 2017-03-31 | ₹61.70 | ₹539.30 | x |
| 2018-03-31 | ₹77.70 | ₹539.30 | x |
| 2019-03-31 | ₹94.72 | ₹539.30 | x |
| 2020-03-31 | ₹108.82 | ₹539.30 | x |
| 2021-03-31 | ₹130.68 | ₹539.30 | x |
| 2022-03-31 | ₹140.81 | ₹539.30 | x |
| 2023-03-31 | ₹146.70 | ₹539.30 | x |
| 2024-03-31 | ₹159.31 | ₹539.30 | x |
| 2025-03-31 | ₹204.25 | ₹539.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KEC 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): 10.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.61%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 4.15x
- Recent ROE (10.67%) is below the historical average (17.68%), 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 | 26.34% | 2.85% | 1.13x | 8.16x | ₹305.81 Million |
| 2007 | 38.47% | 5.13% | 1.21x | 6.19x | ₹774.42 Million |
| 2008 | 34.77% | 6.12% | 1.15x | 4.95x | ₹1.23 Billion |
| 2009 | 20.93% | 3.41% | 1.11x | 5.55x | ₹610.00 Million |
| 2010 | 24.10% | 4.86% | 1.15x | 4.32x | ₹1.11 Billion |
| 2011 | 21.72% | 4.76% | 0.92x | 4.98x | ₹1.11 Billion |
| 2012 | 18.89% | 3.60% | 1.05x | 5.01x | ₹985.16 Million |
| 2013 | 5.67% | 1.01% | 1.03x | 5.45x | ₹-496.78 Million |
| 2014 | 5.60% | 0.93% | 0.97x | 6.22x | ₹-524.08 Million |
| 2015 | 12.11% | 2.33% | 0.89x | 5.82x | ₹280.12 Million |
| 2016 | 12.67% | 2.83% | 0.83x | 5.38x | ₹403.34 Million |
| 2017 | 19.21% | 3.60% | 0.97x | 5.50x | ₹1.46 Billion |
| 2018 | 23.05% | 4.64% | 0.94x | 5.28x | ₹2.61 Billion |
| 2019 | 20.36% | 4.59% | 0.92x | 4.80x | ₹2.52 Billion |
| 2020 | 20.21% | 4.81% | 0.91x | 4.60x | ₹2.86 Billion |
| 2021 | 16.45% | 4.21% | 0.93x | 4.18x | ₹2.17 Billion |
| 2022 | 9.17% | 2.42% | 0.84x | 4.51x | ₹-299.13 Million |
| 2023 | 4.67% | 1.02% | 1.00x | 4.58x | ₹-2.01 Billion |
| 2024 | 8.47% | 1.74% | 1.05x | 4.65x | ₹-627.90 Million |
| 2025 | 10.67% | 2.61% | 0.98x | 4.15x | ₹359.95 Million |
Industry Comparison
This section compares KEC International Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KEC International Limited (KEC) | ₹56.43 Billion | 26.34% | 3.18x | $988.14 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |