NCL Industries Limited
NCL Industries Limited manufactures and sells building materials in India. It operates through five segments: Cement; Boards; Hydel Power; Ready Mix Concrete; and Readymade Doors. The company offers cement, including ordinary Portland, pozzolana Portland, and special cements for small housing, megastructures, and irrigation projects applications under the Nagarjuna brand. It also provides ready m… Read more
NCL Industries Limited (NCLIND) - Net Assets
Latest net assets as of September 2025: ₹8.89 Billion INR
Based on the latest financial reports, NCL Industries Limited (NCLIND) has net assets worth ₹8.89 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 (₹16.33 Billion) and total liabilities (₹7.44 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 | ₹8.89 Billion |
| % of Total Assets | 54.45% |
| Annual Growth Rate | 19.17% |
| 5-Year Change | 29.12% |
| 10-Year Change | 336.07% |
| Growth Volatility | 29.2 |
NCL Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how NCL Industries 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 NCL Industries Limited (2005–2025)
The table below shows the annual net assets of NCL Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹8.58 Billion | +1.08% |
| 2024-03-31 | ₹8.49 Billion | +10.29% |
| 2023-03-31 | ₹7.70 Billion | +3.92% |
| 2022-03-31 | ₹7.41 Billion | +11.45% |
| 2021-03-31 | ₹6.65 Billion | +25.79% |
| 2020-03-31 | ₹5.28 Billion | +5.76% |
| 2019-03-31 | ₹5.00 Billion | +8.34% |
| 2018-03-31 | ₹4.61 Billion | +91.78% |
| 2017-03-31 | ₹2.40 Billion | +22.19% |
| 2016-03-31 | ₹1.97 Billion | +28.95% |
| 2015-03-31 | ₹1.53 Billion | +6.68% |
| 2014-03-31 | ₹1.43 Billion | -18.61% |
| 2013-03-31 | ₹1.76 Billion | -8.17% |
| 2012-03-31 | ₹1.91 Billion | +23.27% |
| 2011-03-31 | ₹1.55 Billion | +12.57% |
| 2010-03-31 | ₹1.38 Billion | +7.11% |
| 2009-03-31 | ₹1.29 Billion | +26.32% |
| 2008-03-31 | ₹1.02 Billion | +35.07% |
| 2007-03-31 | ₹754.80 Million | +105.16% |
| 2006-03-31 | ₹367.90 Million | +43.07% |
| 2005-03-31 | ₹257.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NCL 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 598977300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹5.99 Billion | 69.79% |
| Common Stock | ₹452.33 Million | 5.27% |
| Other Comprehensive Income | ₹18.04 Million | 0.21% |
| Other Components | ₹2.12 Billion | 24.73% |
| Total Equity | ₹8.58 Billion | 100.00% |
NCL Industries Limited Competitors by Market Cap
The table below lists competitors of NCL Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hathway Cable & Datacom Limited
NSE:HATHWAY
|
$48.75 Million |
|
Merchants & Marine Bancorp Inc
OTCQX:MNMB
|
$48.84 Million |
|
Citizens Bancorp of Virginia Inc
PINK:CZBT
|
$48.85 Million |
|
PC Gold Ltd
AU:PC2
|
$48.89 Million |
|
Lifetime Brands Inc
NASDAQ:LCUT
|
$48.74 Million |
|
GODAVARIB
NSE:GODAVARIB
|
$48.73 Million |
|
Gelecek Varlik Yonetimi AS
IS:GLCVY
|
$48.73 Million |
|
LightInTheBox Holding Co Ltd ARD
NYSE:LITB
|
$48.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NCL Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,491,011,000 to 8,582,421,000, a change of 91,410,000 (1.1%).
- Net income of 251,973,000 contributed positively to equity growth.
- Dividend payments of 158,315,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,206,357,000.
- Other factors increased equity by 4,204,109,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹251.97 Million | +2.94% |
| Dividends Paid | ₹158.31 Million | -1.84% |
| Other Comprehensive Income | ₹-4.21 Billion | -49.01% |
| Other Changes | ₹4.20 Billion | +48.99% |
| Total Change | ₹- | 1.08% |
Book Value vs Market Value Analysis
This analysis compares NCL 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: 0.92x
- 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 12.54x to 0.92x 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 | ₹13.93 | ₹174.79 | x |
| 2006-03-31 | ₹19.76 | ₹174.79 | x |
| 2007-03-31 | ₹25.16 | ₹174.79 | x |
| 2008-03-31 | ₹32.12 | ₹174.79 | x |
| 2009-03-31 | ₹36.86 | ₹174.79 | x |
| 2010-03-31 | ₹39.48 | ₹174.79 | x |
| 2011-03-31 | ₹44.45 | ₹174.79 | x |
| 2012-03-31 | ₹54.79 | ₹174.79 | x |
| 2013-03-31 | ₹50.31 | ₹174.79 | x |
| 2014-03-31 | ₹38.96 | ₹174.79 | x |
| 2015-03-31 | ₹41.50 | ₹174.79 | x |
| 2016-03-31 | ₹53.58 | ₹174.79 | x |
| 2017-03-31 | ₹65.54 | ₹174.79 | x |
| 2018-03-31 | ₹125.56 | ₹174.79 | x |
| 2019-03-31 | ₹110.47 | ₹174.79 | x |
| 2020-03-31 | ₹116.83 | ₹174.79 | x |
| 2021-03-31 | ₹146.95 | ₹174.79 | x |
| 2022-03-31 | ₹163.78 | ₹174.79 | x |
| 2023-03-31 | ₹170.20 | ₹174.79 | x |
| 2024-03-31 | ₹187.72 | ₹174.79 | x |
| 2025-03-31 | ₹190.08 | ₹174.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NCL 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.90x
- Recent ROE (2.94%) is below the historical average (12.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.81% | 3.39% | 0.80x | 3.63x | ₹-496.20K |
| 2006 | 17.17% | 5.88% | 0.59x | 4.98x | ₹26.40 Million |
| 2007 | 36.63% | 18.64% | 0.54x | 3.63x | ₹200.99 Million |
| 2008 | 29.00% | 15.34% | 0.51x | 3.68x | ₹193.74 Million |
| 2009 | 23.18% | 9.82% | 0.56x | 4.18x | ₹169.72 Million |
| 2010 | 8.49% | 5.03% | 0.38x | 4.46x | ₹-20.87 Million |
| 2011 | 15.08% | 6.47% | 0.57x | 4.06x | ₹78.85 Million |
| 2012 | 23.12% | 8.85% | 0.76x | 3.44x | ₹251.13 Million |
| 2013 | -6.57% | -2.74% | 0.67x | 3.55x | ₹-291.23 Million |
| 2014 | -28.52% | -9.98% | 0.67x | 4.24x | ₹-551.08 Million |
| 2015 | 5.83% | 1.67% | 0.91x | 3.86x | ₹-63.62 Million |
| 2016 | 26.97% | 8.03% | 1.06x | 3.16x | ₹333.98 Million |
| 2017 | 22.76% | 7.15% | 0.98x | 3.26x | ₹306.81 Million |
| 2018 | 10.65% | 5.58% | 0.91x | 2.09x | ₹29.87 Million |
| 2019 | 9.36% | 4.77% | 0.89x | 2.19x | ₹-31.86 Million |
| 2020 | 9.62% | 5.42% | 0.81x | 2.18x | ₹-20.02 Million |
| 2021 | 21.88% | 10.51% | 1.07x | 1.95x | ₹789.78 Million |
| 2022 | 12.74% | 5.78% | 1.11x | 1.98x | ₹202.67 Million |
| 2023 | 5.75% | 2.75% | 1.06x | 1.97x | ₹-326.99 Million |
| 2024 | 10.98% | 4.98% | 1.22x | 1.81x | ₹83.09 Million |
| 2025 | 2.94% | 1.79% | 0.86x | 1.90x | ₹-606.27 Million |
Industry Comparison
This section compares NCL Industries Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $38,811,180,100
- Average return on equity (ROE) among peers: 12.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NCL Industries Limited (NCLIND) | ₹8.89 Billion | 9.81% | 0.84x | $48.74 Million |
| ACC Limited (ACC) | $143.12 Billion | 13.02% | 0.47x | $1.14 Billion |
| Andhra Cements Limited (ACL) | $2.62 Billion | 0.00% | 2.18x | $5.65 Million |
| Ambuja Cements Limited (AMBUJACEM) | $23.81 Billion | 16.19% | 0.96x | $3.98 Billion |
| Anjani Portland Cement Limited (APCL) | $850.44 Million | 5.09% | 3.86x | $6.37 Million |
| Birla Corporation Limited (BIRLACORPN) | $60.49 Billion | 6.59% | 1.29x | $304.39 Million |
| Burnpur Cement Limited (BURNPUR) | $-4.52 Billion | 0.00% | 0.00x | $6.21 Million |
| Barak Valley Cements Limited (BVCL) | $1.20 Billion | 6.03% | 0.95x | $3.15 Million |
| Dalmia Bharat Limited (DALBHARAT) | $157.59 Billion | 5.18% | 0.58x | $1.59 Billion |
| Deccan Cements Limited (DECCANCE) | $1.39 Billion | 34.44% | 1.71x | $43.11 Million |
| EURO PRATIK SALES LIMITED (EUROPRATIK) | $1.56 Billion | 40.39% | 0.12x | $46.56 Million |