Power Finance Corporation Limited (PFC) - Net Assets
Based on the latest financial reports, Power Finance Corporation Limited (PFC) has net assets worth Rs1.67 Trillion INR (≈ $18.04 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.23 Trillion ≈ $132.22 Billion USD) and total liabilities (Rs10.56 Trillion ≈ $114.18 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 tangible equity quality of Power Finance Corporation Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.67 Trillion |
| % of Total Assets | 13.64% |
| Annual Growth Rate | 16.25% |
| 5-Year Change | 89.7% |
| 10-Year Change | 330.65% |
| Growth Volatility | 12.33 |
Power Finance Corporation Limited - Net Assets Trend (2004–2025)
This chart illustrates how Power Finance Corporation Limited's net assets have evolved over time, based on quarterly financial data. See Power Finance Corporation Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Power Finance Corporation Limited (2004–2025)
The table below shows the annual net assets of Power Finance Corporation Limited from 2004 to 2025. For live valuation and market cap data, see PFC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.55 Trillion ≈ $16.78 Billion |
+15.54% |
| 2024-03-31 | Rs1.34 Trillion ≈ $14.52 Billion |
+19.92% |
| 2023-03-31 | Rs1.12 Trillion ≈ $12.11 Billion |
+16.31% |
| 2022-03-31 | Rs962.75 Billion ≈ $10.41 Billion |
+17.71% |
| 2021-03-31 | Rs817.90 Billion ≈ $8.85 Billion |
+23.61% |
| 2020-03-31 | Rs661.65 Billion ≈ $7.16 Billion |
+4.22% |
| 2019-03-31 | Rs634.84 Billion ≈ $6.87 Billion |
+57.91% |
| 2018-03-31 | Rs402.02 Billion ≈ $4.35 Billion |
+9.11% |
| 2017-03-31 | Rs368.45 Billion ≈ $3.98 Billion |
+2.27% |
| 2016-03-31 | Rs360.28 Billion ≈ $3.90 Billion |
+11.16% |
| 2015-03-31 | Rs324.11 Billion ≈ $3.51 Billion |
+17.76% |
| 2014-03-31 | Rs275.22 Billion ≈ $2.98 Billion |
+16.76% |
| 2013-03-31 | Rs235.71 Billion ≈ $2.55 Billion |
+14.07% |
| 2012-03-31 | Rs206.65 Billion ≈ $2.23 Billion |
+35.59% |
| 2011-03-31 | Rs152.41 Billion ≈ $1.65 Billion |
+14.61% |
| 2010-03-31 | Rs132.98 Billion ≈ $1.44 Billion |
+15.46% |
| 2009-03-31 | Rs115.18 Billion ≈ $1.25 Billion |
+23.45% |
| 2008-03-31 | Rs93.30 Billion ≈ $1.01 Billion |
+8.57% |
| 2007-03-31 | Rs85.93 Billion ≈ $929.31 Million |
+23.85% |
| 2006-03-31 | Rs69.38 Billion ≈ $750.34 Million |
+8.75% |
| 2005-03-31 | Rs63.80 Billion ≈ $689.99 Million |
-2.97% |
| 2004-03-31 | Rs65.76 Billion ≈ $711.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Power Finance 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 1041.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs290.90 Billion | 24.71% |
| Common Stock | Rs33.00 Billion | 2.80% |
| Other Comprehensive Income | Rs824.02 Billion | 69.99% |
| Other Components | Rs29.46 Billion | 2.50% |
| Total Equity | Rs1.18 Trillion | 100.00% |
Power Finance Corporation Limited Competitors by Market Cap
The table below lists competitors of Power Finance Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BorgWarner Inc
NYSE:BWA
|
$15.03 Billion |
|
Tenet Healthcare Corporation
NYSE:THC
|
$15.04 Billion |
|
Shengyi Electronics Co. Ltd. A
SHG:688183
|
$15.05 Billion |
|
Banco de Chile
F:G4RA
|
$15.05 Billion |
|
Omv Petrom S.A
RO:SNP
|
$15.01 Billion |
|
YPF Sociedad Anonima
NYSE:YPF
|
$15.00 Billion |
|
Kasikornbank Public Company Limited
BK:KBANK
|
$14.99 Billion |
|
Banco de Credito e Inversiones
SN:BCI
|
$14.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power Finance Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,011,467,700,000 to 1,177,383,500,000, a change of 165,915,800,000 (16.4%).
- Net income of 229,908,100,000 contributed positively to equity growth.
- Dividend payments of 81,440,100,000 reduced retained earnings.
- Share repurchases of 1,000,000,000 reduced equity.
- New share issuances of 1,000,000,000 increased equity.
- Other comprehensive income increased equity by 109,148,800,000.
- Other factors decreased equity by 91,701,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs229.91 Billion | +19.53% |
| Dividends Paid | Rs81.44 Billion | -6.92% |
| Share Repurchases | Rs1.00 Billion | -0.08% |
| Share Issuances | Rs1.00 Billion | +0.08% |
| Other Comprehensive Income | Rs109.15 Billion | +9.27% |
| Other Changes | Rs-91.70 Billion | -7.79% |
| Total Change | Rs- | 16.40% |
Book Value vs Market Value Analysis
This analysis compares Power Finance 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: 1.18x
- 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 16.50x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs25.53 | Rs421.05 | x |
| 2005-03-31 | Rs24.77 | Rs421.05 | x |
| 2006-03-31 | Rs26.93 | Rs421.05 | x |
| 2007-03-31 | Rs32.97 | Rs421.05 | x |
| 2008-03-31 | Rs28.27 | Rs421.05 | x |
| 2009-03-31 | Rs40.14 | Rs421.05 | x |
| 2010-03-31 | Rs46.34 | Rs421.05 | x |
| 2011-03-31 | Rs53.11 | Rs421.05 | x |
| 2012-03-31 | Rs64.23 | Rs421.05 | x |
| 2013-03-31 | Rs71.75 | Rs421.05 | x |
| 2014-03-31 | Rs83.40 | Rs421.05 | x |
| 2015-03-31 | Rs98.21 | Rs421.05 | x |
| 2016-03-31 | Rs109.17 | Rs421.05 | x |
| 2017-03-31 | Rs139.56 | Rs421.05 | x |
| 2018-03-31 | Rs152.27 | Rs421.05 | x |
| 2019-03-31 | Rs142.79 | Rs421.05 | x |
| 2020-03-31 | Rs149.69 | Rs421.05 | x |
| 2021-03-31 | Rs184.14 | Rs421.05 | x |
| 2022-03-31 | Rs217.19 | Rs421.05 | x |
| 2023-03-31 | Rs255.02 | Rs421.05 | x |
| 2024-03-31 | Rs306.50 | Rs421.05 | x |
| 2025-03-31 | Rs356.79 | Rs421.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power Finance 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): 19.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.62%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 10.01x
- Recent ROE (19.53%) is above the historical average (17.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 32.06% | 95.83% | 0.08x | 3.97x | Rs14.51 Billion |
| 2005 | 15.42% | 62.36% | 0.05x | 4.81x | Rs3.46 Billion |
| 2006 | 13.99% | 31.06% | 0.08x | 5.40x | Rs2.77 Billion |
| 2007 | 11.48% | 25.84% | 0.08x | 5.43x | Rs1.27 Billion |
| 2008 | 19.11% | 56.22% | 0.06x | 5.86x | Rs8.49 Billion |
| 2009 | 17.19% | 44.62% | 0.07x | 5.93x | Rs8.28 Billion |
| 2010 | 17.89% | 29.57% | 0.09x | 6.38x | Rs10.49 Billion |
| 2011 | 17.37% | 26.02% | 0.10x | 6.87x | Rs11.23 Billion |
| 2012 | 14.71% | 23.66% | 0.10x | 6.50x | Rs9.80 Billion |
| 2013 | 18.74% | 25.97% | 0.10x | 7.15x | Rs20.70 Billion |
| 2014 | 19.85% | 26.09% | 0.11x | 7.06x | Rs27.10 Billion |
| 2015 | 18.53% | 24.64% | 0.11x | 7.06x | Rs27.63 Billion |
| 2016 | 17.16% | 22.64% | 0.11x | 6.86x | Rs25.81 Billion |
| 2017 | 6.07% | 8.14% | 0.11x | 7.04x | Rs-14.48 Billion |
| 2018 | 16.64% | 14.05% | 0.17x | 7.17x | Rs26.69 Billion |
| 2019 | 21.05% | 18.80% | 0.08x | 13.35x | Rs52.09 Billion |
| 2020 | 14.42% | 12.31% | 0.08x | 14.06x | Rs21.82 Billion |
| 2021 | 19.33% | 16.44% | 0.09x | 12.77x | Rs56.71 Billion |
| 2022 | 19.55% | 18.70% | 0.09x | 11.04x | Rs68.47 Billion |
| 2023 | 18.88% | 21.32% | 0.08x | 10.65x | Rs74.73 Billion |
| 2024 | 19.54% | 21.59% | 0.09x | 10.27x | Rs96.46 Billion |
| 2025 | 19.53% | 21.62% | 0.09x | 10.01x | Rs112.17 Billion |
Industry Comparison
This section compares Power Finance Corporation Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $12,353,013,812
- Average return on equity (ROE) among peers: 15.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power Finance Corporation Limited (PFC) | Rs1.67 Trillion | 32.06% | 6.33x | $15.03 Billion |
| Akme Fintrade India Ltd (AFIL) | $3.82 Billion | 8.69% | 0.77x | $63.59 Million |
| Arman Financial Services Limited (ARMANFIN) | $392.47 Million | 15.69% | 2.49x | $187.24 Million |
| Baid Finserv Limited (BAIDFIN) | $128.20 Million | 7.92% | 2.18x | $16.55 Million |
| Bajaj Finance Limited (BAJFINANCE) | $33.67 Billion | 17.56% | 4.29x | $61.75 Billion |
| Capri Global Capital Limited (CGCL) | $8.29 Billion | 4.93% | 0.02x | $2.17 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $43.28 Billion | 16.62% | 6.10x | $14.31 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $5.59 Billion | 16.82% | 1.19x | $3.10 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $28.43 Billion | 11.73% | 3.43x | $2.27 Billion |
| CSL Finance Limited (CSLFINANCE) | $359.25 Million | 50.44% | 0.01x | $55.54 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-434.17 Million | 0.00% | 0.00x | $1.32 Million |
About Power Finance Corporation Limited
Power Finance Corporation Limited, a non-banking finance company, provides financial products and related advisory services to the power, logistics, and infrastructure sectors in India. The company offers fund-based financial policies and products, such as project-specific funding; a revamped distribution sector scheme; funding for clearance of dues-LPS; a revolving bill payment facility; guideli… Read more