Kiri Industries Limited (KIRIINDUS) - Net Assets
Based on the latest financial reports, Kiri Industries Limited (KIRIINDUS) has net assets worth Rs32.79 Billion INR (≈ $354.64 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 (Rs51.46 Billion ≈ $556.49 Million USD) and total liabilities (Rs18.67 Billion ≈ $201.86 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 KIRIINDUS financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs32.79 Billion |
| % of Total Assets | 63.73% |
| Annual Growth Rate | 29.73% |
| 5-Year Change | 48.63% |
| 10-Year Change | 403.74% |
| Growth Volatility | 155.57 |
Kiri Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Kiri Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Kiri Industries Limited for the complete picture of this company's asset base.
Annual Net Assets for Kiri Industries Limited (2005–2025)
The table below shows the annual net assets of Kiri Industries Limited from 2005 to 2025. For live valuation and market cap data, see Kiri Industries Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs32.47 Billion ≈ $351.11 Million |
+15.47% |
| 2024-03-31 | Rs28.12 Billion ≈ $304.08 Million |
+4.94% |
| 2023-03-31 | Rs26.79 Billion ≈ $289.75 Million |
+4.14% |
| 2022-03-31 | Rs25.73 Billion ≈ $278.22 Million |
+17.77% |
| 2021-03-31 | Rs21.84 Billion ≈ $236.24 Million |
+12.98% |
| 2020-03-31 | Rs19.33 Billion ≈ $209.09 Million |
+23.36% |
| 2019-03-31 | Rs15.67 Billion ≈ $169.50 Million |
+11.58% |
| 2018-03-31 | Rs14.05 Billion ≈ $151.91 Million |
+35.13% |
| 2017-03-31 | Rs10.40 Billion ≈ $112.42 Million |
+61.29% |
| 2016-03-31 | Rs6.45 Billion ≈ $69.70 Million |
+44.05% |
| 2015-03-31 | Rs4.47 Billion ≈ $48.39 Million |
+148.96% |
| 2014-03-31 | Rs1.80 Billion ≈ $19.44 Million |
-4.19% |
| 2013-03-31 | Rs1.88 Billion ≈ $20.29 Million |
-79.58% |
| 2012-03-31 | Rs9.19 Billion ≈ $99.34 Million |
-5.85% |
| 2011-03-31 | Rs9.76 Billion ≈ $105.51 Million |
-2.27% |
| 2010-03-31 | Rs9.98 Billion ≈ $107.96 Million |
+711.91% |
| 2009-03-31 | Rs1.23 Billion ≈ $13.30 Million |
+92.20% |
| 2008-03-31 | Rs639.73 Million ≈ $6.92 Million |
+87.94% |
| 2007-03-31 | Rs340.40 Million ≈ $3.68 Million |
+35.39% |
| 2006-03-31 | Rs251.43 Million ≈ $2.72 Million |
+41.17% |
| 2005-03-31 | Rs178.11 Million ≈ $1.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kiri Industries 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 2399988000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs24.00 Billion | 73.92% |
| Common Stock | Rs556.29 Million | 1.71% |
| Other Comprehensive Income | Rs1.69 Billion | 5.22% |
| Other Components | Rs6.22 Billion | 19.14% |
| Total Equity | Rs32.47 Billion | 100.00% |
Kiri Industries Limited Competitors by Market Cap
The table below lists competitors of Kiri Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ANTENGENE CORP. DL-0001
F:722
|
$267.00 Million |
|
Metropolis Healthcare Limited
NSE:METROPOLIS
|
$267.10 Million |
|
Qinghaihuading Industrial Co Ltd
SHG:600243
|
$267.15 Million |
|
Topco Technologies
TWO:3388
|
$267.17 Million |
|
Eaton Vance National Municipal Opportunities Closed Fund
NYSE:EOT
|
$266.87 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$266.85 Million |
|
SC Asset Corporation Public Company Limited
BK:SC
|
$266.64 Million |
|
Imperial Brands PLC
LSE:IMB
|
$266.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kiri Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,117,218,000 to 32,466,330,000, a change of 4,349,112,000 (15.5%).
- Net income of 2,647,360,000 contributed positively to equity growth.
- Share repurchases of 3,193,602,000 reduced equity.
- New share issuances of 3,193,602,000 increased equity.
- Other comprehensive income increased equity by 1,248,473,000.
- Other factors increased equity by 453,279,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.65 Billion | +8.15% |
| Share Repurchases | Rs3.19 Billion | -9.84% |
| Share Issuances | Rs3.19 Billion | +9.84% |
| Other Comprehensive Income | Rs1.25 Billion | +3.85% |
| Other Changes | Rs453.28 Million | +1.4% |
| Total Change | Rs- | 15.47% |
Book Value vs Market Value Analysis
This analysis compares Kiri Industries 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: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 21.98x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs18.71 | Rs411.25 | x |
| 2006-03-31 | Rs26.41 | Rs411.25 | x |
| 2007-03-31 | Rs34.50 | Rs411.25 | x |
| 2008-03-31 | Rs62.35 | Rs411.25 | x |
| 2009-03-31 | Rs100.46 | Rs411.25 | x |
| 2010-03-31 | Rs660.95 | Rs411.25 | x |
| 2011-03-31 | Rs586.19 | Rs411.25 | x |
| 2012-03-31 | Rs483.45 | Rs411.25 | x |
| 2013-03-31 | Rs98.72 | Rs411.25 | x |
| 2014-03-31 | Rs67.16 | Rs411.25 | x |
| 2015-03-31 | Rs156.85 | Rs411.25 | x |
| 2016-03-31 | Rs203.80 | Rs411.25 | x |
| 2017-03-31 | Rs373.33 | Rs411.25 | x |
| 2018-03-31 | Rs490.14 | Rs411.25 | x |
| 2019-03-31 | Rs500.04 | Rs411.25 | x |
| 2020-03-31 | Rs372.47 | Rs411.25 | x |
| 2021-03-31 | Rs421.43 | Rs411.25 | x |
| 2022-03-31 | Rs496.32 | Rs411.25 | x |
| 2023-03-31 | Rs516.90 | Rs411.25 | x |
| 2024-03-31 | Rs540.06 | Rs411.25 | x |
| 2025-03-31 | Rs485.47 | Rs411.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kiri Industries 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): 8.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.77%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.46x
- Recent ROE (8.15%) is above the historical average (7.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 16.72% | 4.28% | 1.29x | 3.02x | Rs11.97 Million |
| 2006 | 15.71% | 4.33% | 1.27x | 2.85x | Rs14.36 Million |
| 2007 | 25.36% | 6.47% | 1.23x | 3.20x | Rs52.29 Million |
| 2008 | 31.61% | 9.12% | 1.13x | 3.06x | Rs138.23 Million |
| 2009 | 6.89% | 3.04% | 0.79x | 2.87x | Rs-38.28 Million |
| 2010 | -5.74% | -7.09% | 0.29x | 2.79x | Rs-1.56 Billion |
| 2011 | -28.45% | -7.29% | 0.99x | 3.93x | Rs-3.75 Billion |
| 2012 | -7.48% | -1.67% | 0.98x | 4.54x | Rs-1.61 Billion |
| 2013 | -105.88% | -35.52% | 0.50x | 5.95x | Rs-2.17 Billion |
| 2014 | 5.52% | 1.43% | 0.57x | 6.75x | Rs-80.60 Million |
| 2015 | 40.57% | 19.50% | 0.60x | 3.48x | Rs1.37 Billion |
| 2016 | 30.37% | 19.03% | 0.77x | 2.06x | Rs1.31 Billion |
| 2017 | 25.62% | 23.71% | 0.76x | 1.42x | Rs1.62 Billion |
| 2018 | 25.49% | 32.51% | 0.60x | 1.30x | Rs2.18 Billion |
| 2019 | 10.47% | 12.12% | 0.66x | 1.31x | Rs73.82 Million |
| 2020 | 19.42% | 29.62% | 0.53x | 1.24x | Rs1.82 Billion |
| 2021 | 11.56% | 26.80% | 0.35x | 1.24x | Rs340.31 Million |
| 2022 | 15.11% | 26.39% | 0.48x | 1.19x | Rs1.32 Billion |
| 2023 | 3.98% | 11.29% | 0.30x | 1.19x | Rs-1.61 Billion |
| 2024 | 4.73% | 18.77% | 0.21x | 1.21x | Rs-1.48 Billion |
| 2025 | 8.15% | 35.77% | 0.16x | 1.46x | Rs-599.27 Million |
Industry Comparison
This section compares Kiri Industries Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $8,233,598,031
- Average return on equity (ROE) among peers: 14.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kiri Industries Limited (KIRIINDUS) | Rs32.79 Billion | 16.72% | 0.57x | $266.95 Million |
| Aarti Industries Limited (AARTIIND) | $16.55 Billion | 20.11% | 1.65x | $1.99 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.11 Billion | 1.88% | 1.36x | $37.34 Million |
| ABM International Limited (ABMINTLLTD) | $161.33 Million | 4.08% | 2.02x | $4.23 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $1.66 Billion | 30.02% | 1.39x | $420.87 Million |
| Aether Industries Limited (AETHER) | $22.26 Billion | 7.12% | 0.19x | $1.68 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $9.20 Billion | 20.25% | 0.96x | $1.45 Billion |
| Alkali Metals Limited (ALKALI) | $528.67 Million | 5.51% | 1.00x | $7.38 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $980.47 Million | 17.95% | 1.88x | $838.56 Million |
| Ami Organics Limited (AMIORG) | $576.82 Million | 32.06% | 1.70x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $29.31 Billion | 4.39% | 0.57x | $1.65 Billion |
About Kiri Industries Limited
Kiri Industries Limited manufactures and sells dyes, dye intermediates, and basic chemicals in India and internationally. It provides reactive dyes, acid dyes, direct dyes, and disperse dyes; and basic chemicals comprising sulphuric acid, chloro sulhponic acid, oleum, spent sulphuric acid, and thionyl chloride. The company also offers dye intermediates, such as sulpho J.acid, sulpho tobias acid, … Read more