North Eastern Carrying Corporation Limited (NECCLTD) - Net Assets
Based on the latest financial reports, North Eastern Carrying Corporation Limited (NECCLTD) has net assets worth Rs2.26 Billion INR (≈ $24.47 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.66 Billion ≈ $39.58 Million USD) and total liabilities (Rs1.40 Billion ≈ $15.11 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 asset resilience ratio of North Eastern Carrying Corporation Limit to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.26 Billion |
| % of Total Assets | 61.82% |
| Annual Growth Rate | 11.47% |
| 5-Year Change | 131.27% |
| 10-Year Change | 200.57% |
| Growth Volatility | 18.35 |
North Eastern Carrying Corporation Limited - Net Assets Trend (2008–2025)
This chart illustrates how North Eastern Carrying Corporation Limited's net assets have evolved over time, based on quarterly financial data. Also explore NECCLTD current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for North Eastern Carrying Corporation Limited (2008–2025)
The table below shows the annual net assets of North Eastern Carrying Corporation Limited from 2008 to 2025. For live valuation and market cap data, see market value of North Eastern Carrying Corporation Limit.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs2.19 Billion ≈ $23.69 Million |
+12.94% |
| 2024-03-31 | Rs1.94 Billion ≈ $20.98 Million |
+84.97% |
| 2023-03-31 | Rs1.05 Billion ≈ $11.34 Million |
+5.99% |
| 2022-03-31 | Rs989.36 Million ≈ $10.70 Million |
+4.45% |
| 2021-03-31 | Rs947.20 Million ≈ $10.24 Million |
+1.53% |
| 2020-03-31 | Rs932.90 Million ≈ $10.09 Million |
+7.35% |
| 2019-03-31 | Rs869.01 Million ≈ $9.40 Million |
+5.51% |
| 2018-03-31 | Rs823.66 Million ≈ $8.91 Million |
+4.95% |
| 2017-03-31 | Rs784.81 Million ≈ $8.49 Million |
+7.68% |
| 2016-03-31 | Rs728.82 Million ≈ $7.88 Million |
+8.38% |
| 2015-03-31 | Rs672.44 Million ≈ $7.27 Million |
+8.98% |
| 2014-03-31 | Rs617.01 Million ≈ $6.67 Million |
+11.31% |
| 2013-03-31 | Rs554.31 Million ≈ $5.99 Million |
+10.36% |
| 2012-03-31 | Rs502.29 Million ≈ $5.43 Million |
+11.73% |
| 2011-03-31 | Rs449.55 Million ≈ $4.86 Million |
+12.27% |
| 2010-03-31 | Rs400.40 Million ≈ $4.33 Million |
+8.82% |
| 2009-03-31 | Rs367.96 Million ≈ $3.98 Million |
+6.40% |
| 2008-03-31 | Rs345.82 Million ≈ $3.74 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to North Eastern Carrying Corporation 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 963.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs727.21 Million | 33.20% |
| Common Stock | Rs1.00 Billion | 45.65% |
| Other Comprehensive Income | Rs1.00K | 0.00% |
| Other Components | Rs463.40 Million | 21.15% |
| Total Equity | Rs2.19 Billion | 100.00% |
North Eastern Carrying Corporation Limited Competitors by Market Cap
The table below lists competitors of North Eastern Carrying Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Matichon Public Company Limited
BK:MATI
|
$17.91 Million |
|
Grande Group Limited Class A Ordinary Shares
NASDAQ:GRAN
|
$17.92 Million |
|
FuelPositive Corp
V:NHHH
|
$17.93 Million |
|
Carboclor
BA:CARC
|
$17.93 Million |
|
Manganese X Energy Corp
V:MN
|
$17.89 Million |
|
Telefield Inc
KQ:091440
|
$17.89 Million |
|
Crown Lifters Limited
NSE:CROWN
|
$17.88 Million |
|
Safestore Holdings Plc
LSE:SAFE
|
$17.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North Eastern Carrying Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,939,612,000 to 2,190,613,000, a change of 251,001,000 (12.9%).
- Net income of 102,525,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 986,581,000.
- Other factors increased equity by 1,135,057,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs102.53 Million | +4.68% |
| Other Comprehensive Income | Rs-986.58 Million | -45.04% |
| Other Changes | Rs1.14 Billion | +51.81% |
| Total Change | Rs- | 12.94% |
Book Value vs Market Value Analysis
This analysis compares North Eastern Carrying Corporation 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: 0.73x
- 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 2.59x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs6.38 | Rs16.56 | x |
| 2009-03-31 | Rs6.79 | Rs16.56 | x |
| 2010-03-31 | Rs7.39 | Rs16.56 | x |
| 2011-03-31 | Rs8.30 | Rs16.56 | x |
| 2012-03-31 | Rs9.27 | Rs16.56 | x |
| 2013-03-31 | Rs10.23 | Rs16.56 | x |
| 2014-03-31 | Rs11.40 | Rs16.56 | x |
| 2015-03-31 | Rs12.36 | Rs16.56 | x |
| 2016-03-31 | Rs13.17 | Rs16.56 | x |
| 2017-03-31 | Rs14.54 | Rs16.56 | x |
| 2018-03-31 | Rs15.20 | Rs16.56 | x |
| 2019-03-31 | Rs15.98 | Rs16.56 | x |
| 2020-03-31 | Rs17.22 | Rs16.56 | x |
| 2021-03-31 | Rs17.48 | Rs16.56 | x |
| 2022-03-31 | Rs18.26 | Rs16.56 | x |
| 2023-03-31 | Rs19.35 | Rs16.56 | x |
| 2024-03-31 | Rs20.31 | Rs16.56 | x |
| 2025-03-31 | Rs22.53 | Rs16.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North Eastern Carrying Corporation 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): 4.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.12%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.57x
- Recent ROE (4.68%) is below the historical average (6.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 5.56% | 1.01% | 3.15x | 1.75x | Rs-15.35 Million |
| 2009 | 6.02% | 0.92% | 3.15x | 2.07x | Rs-14.66 Million |
| 2010 | 8.10% | 0.00% | 0.00x | 2.13x | Rs-7.60 Million |
| 2011 | 10.93% | 1.19% | 4.06x | 2.27x | Rs4.19 Million |
| 2012 | 10.50% | 1.10% | 4.26x | 2.23x | Rs2.51 Million |
| 2013 | 9.38% | 0.96% | 3.97x | 2.46x | Rs-3.42 Million |
| 2014 | 10.17% | 1.10% | 3.74x | 2.48x | Rs1.07 Million |
| 2015 | 8.24% | 1.04% | 3.25x | 2.43x | Rs-11.81 Million |
| 2016 | 7.74% | 1.05% | 3.22x | 2.29x | Rs-16.49 Million |
| 2017 | 7.13% | 1.02% | 3.10x | 2.25x | Rs-22.50 Million |
| 2018 | 4.70% | 1.01% | 2.50x | 1.87x | Rs-43.63 Million |
| 2019 | 5.22% | 1.32% | 1.88x | 2.10x | Rs-41.56 Million |
| 2020 | 6.85% | 1.70% | 1.89x | 2.14x | Rs-29.39 Million |
| 2021 | 1.51% | 0.62% | 1.17x | 2.07x | Rs-80.42 Million |
| 2022 | 4.30% | 1.70% | 1.15x | 2.20x | Rs-56.36 Million |
| 2023 | 5.50% | 1.89% | 1.26x | 2.32x | Rs-47.15 Million |
| 2024 | 4.14% | 2.39% | 1.06x | 1.63x | Rs-113.74 Million |
| 2025 | 4.68% | 3.12% | 0.95x | 1.57x | Rs-116.54 Million |
Industry Comparison
This section compares North Eastern Carrying Corporation Limited's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $769,539,000
- Average return on equity (ROE) among peers: 18.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Eastern Carrying Corporation Limited (NECCLTD) | Rs2.26 Billion | 5.56% | 0.62x | $17.91 Million |
| Orissa Bengal Carrier Limited (OBCL) | $192.77 Million | -0.85% | 1.49x | $12.62 Million |
| VRL Logistics Limited (VRLLOG) | $1.35 Billion | 37.86% | 4.42x | $500.87 Million |
About North Eastern Carrying Corporation Limited
North Eastern Carrying Corporation Limited provides transportation services in India, Nepal, Bhutan, Tibet, and Bangladesh. It offers goods/small parcels, full truck load, bulk movements, over dimensional consignments, and warehousing and 3PL services, as well as pickup and delivery services. The company was founded in 1968 and is headquartered in Delhi, India.