KEC International Limited (KEC) - Net Assets

Latest as of September 2025: Rs56.43 Billion INR ≈ $610.26 Million USD

Based on the latest financial reports, KEC International Limited (KEC) has net assets worth Rs56.43 Billion INR (≈ $610.26 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 (Rs236.13 Billion ≈ $2.55 Billion USD) and total liabilities (Rs179.70 Billion ≈ $1.94 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 KEC International Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs56.43 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. Also explore KEC International Limited total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see KEC market cap.

Year	Net Assets	Change
2025-03-31	Rs53.47 Billion ≈ $578.31 Million	+30.56%
2024-03-31	Rs40.96 Billion ≈ $442.93 Million	+8.60%
2023-03-31	Rs37.71 Billion ≈ $407.87 Million	+4.19%
2022-03-31	Rs36.20 Billion ≈ $391.48 Million	+7.75%
2021-03-31	Rs33.60 Billion ≈ $363.34 Million	+20.09%
2020-03-31	Rs27.98 Billion ≈ $302.55 Million	+14.89%
2019-03-31	Rs24.35 Billion ≈ $263.35 Million	+21.91%
2018-03-31	Rs19.97 Billion ≈ $216.02 Million	+25.91%
2017-03-31	Rs15.86 Billion ≈ $171.56 Million	+4.93%
2016-03-31	Rs15.12 Billion ≈ $163.51 Million	+13.69%
2015-03-31	Rs13.30 Billion ≈ $143.81 Million	+11.60%
2014-03-31	Rs11.92 Billion ≈ $128.87 Million	+3.87%
2013-03-31	Rs11.47 Billion ≈ $124.07 Million	+3.56%
2012-03-31	Rs11.08 Billion ≈ $119.80 Million	+17.03%
2011-03-31	Rs9.47 Billion ≈ $102.37 Million	+20.26%
2010-03-31	Rs7.87 Billion ≈ $85.12 Million	+41.03%
2009-03-31	Rs5.58 Billion ≈ $60.36 Million	+12.71%
2008-03-31	Rs4.95 Billion ≈ $53.55 Million	+82.05%
2007-03-31	Rs2.72 Billion ≈ $29.42 Million	+45.30%
2006-03-31	Rs1.87 Billion ≈ $20.24 Million	--

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	Rs39.38 Billion	73.64%
Common Stock	Rs532.40 Million	1.00%
Other Comprehensive Income	Rs4.20 Billion	7.86%
Other Components	Rs9.36 Billion	17.50%
Total Equity	Rs53.47 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
Fluence Energy Inc NASDAQ:FLNC	$1.61 Billion
Hefei Urban Construction Development Co Ltd SHE:002208	$1.62 Billion
Burkhalter Holding AG SW:BRKN	$1.62 Billion
Hyundai Mar&Fi KO:001450	$1.62 Billion
Techno Electric & Engineering Company Limited NSE:TECHNOE	$1.61 Billion
Salzgitter AG XETRA:SZG	$1.61 Billion
Jolywood Suzhou Sunwatt Co Ltd SHE:300393	$1.61 Billion
Kernel Holding SA WAR:KER	$1.61 Billion

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	Rs5.71 Billion	+10.67%
Dividends Paid	Rs1.03 Billion	-1.92%
Share Repurchases	Rs8.70 Billion	-16.27%
Share Issuances	Rs8.70 Billion	+16.27%
Other Comprehensive Income	Rs-494.20 Million	-0.92%
Other Changes	Rs8.33 Billion	+15.58%
Total Change	Rs-	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: 2.75x
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 56.44x to 2.75x 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	Rs9.93	Rs560.70	x
2007-03-31	Rs14.43	Rs560.70	x
2008-03-31	Rs22.76	Rs560.70	x
2009-03-31	Rs22.62	Rs560.70	x
2010-03-31	Rs31.79	Rs560.70	x
2011-03-31	Rs36.82	Rs560.70	x
2012-03-31	Rs43.09	Rs560.70	x
2013-03-31	Rs44.62	Rs560.70	x
2014-03-31	Rs46.35	Rs560.70	x
2015-03-31	Rs51.73	Rs560.70	x
2016-03-31	Rs58.81	Rs560.70	x
2017-03-31	Rs61.70	Rs560.70	x
2018-03-31	Rs77.70	Rs560.70	x
2019-03-31	Rs94.72	Rs560.70	x
2020-03-31	Rs108.82	Rs560.70	x
2021-03-31	Rs130.68	Rs560.70	x
2022-03-31	Rs140.81	Rs560.70	x
2023-03-31	Rs146.70	Rs560.70	x
2024-03-31	Rs159.31	Rs560.70	x
2025-03-31	Rs204.25	Rs560.70	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	Rs305.81 Million
2007	38.47%	5.13%	1.21x	6.19x	Rs774.42 Million
2008	34.77%	6.12%	1.15x	4.95x	Rs1.23 Billion
2009	20.93%	3.41%	1.11x	5.55x	Rs610.00 Million
2010	24.10%	4.86%	1.15x	4.32x	Rs1.11 Billion
2011	21.72%	4.76%	0.92x	4.98x	Rs1.11 Billion
2012	18.89%	3.60%	1.05x	5.01x	Rs985.16 Million
2013	5.67%	1.01%	1.03x	5.45x	Rs-496.78 Million
2014	5.60%	0.93%	0.97x	6.22x	Rs-524.08 Million
2015	12.11%	2.33%	0.89x	5.82x	Rs280.12 Million
2016	12.67%	2.83%	0.83x	5.38x	Rs403.34 Million
2017	19.21%	3.60%	0.97x	5.50x	Rs1.46 Billion
2018	23.05%	4.64%	0.94x	5.28x	Rs2.61 Billion
2019	20.36%	4.59%	0.92x	4.80x	Rs2.52 Billion
2020	20.21%	4.81%	0.91x	4.60x	Rs2.86 Billion
2021	16.45%	4.21%	0.93x	4.18x	Rs2.17 Billion
2022	9.17%	2.42%	0.84x	4.51x	Rs-299.13 Million
2023	4.67%	1.02%	1.00x	4.58x	Rs-2.01 Billion
2024	8.47%	1.74%	1.05x	4.65x	Rs-627.90 Million
2025	10.67%	2.61%	0.98x	4.15x	Rs359.95 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: $6,839,596,574
Average return on equity (ROE) among peers: 2.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
KEC International Limited (KEC)	Rs56.43 Billion	26.34%	3.18x	$1.61 Billion
A2Z Infra Engineering Limited (A2ZINFRA)	$2.30 Billion	29.99%	2.42x	$32.19 Million
AFCONS INFRASTRUCTURE LTD (AFCONS)	$35.98 Billion	12.50%	3.51x	$1.35 Billion
Akash Infra-Projects Limited (AKASH)	$688.36 Million	6.56%	0.40x	$4.86 Million
Ashoka Buildcon Limited (ASHOKA)	$3.31 Billion	14.46%	1.55x	$407.57 Million
AXISCADES Technologies Limited (AXISCADES)	$1.03 Billion	15.50%	0.70x	$923.53 Million
Capacit'e Infraprojects Limited (CAPACITE)	$9.65 Billion	4.95%	1.47x	$230.95 Million
Consolidated Construction Consortium Limited (CCCL)	$1.42 Billion	-129.41%	12.46x	$79.43 Million
Ceigall India (CEIGALL)	$4.31 Billion	29.19%	1.22x	$637.91 Million
Dilip Buildcon Limited (DBL)	$9.32 Billion	24.65%	5.73x	$816.55 Million
Dhruv Consultancy Services Limited (DHRUV)	$395.72 Million	12.22%	1.09x	$7.28 Million

About KEC International Limited

NSE:KEC India Engineering & Construction

Market Cap

$1.61 Billion

Rs149.26 Billion INR

Market Cap Rank

#7077 Global

#319 in India

Share Price

Rs560.70

Change (1 day)

-0.85%

52-Week Range

Rs511.30 - Rs934.05

All Time High

Rs1240.40