Vraj Iron and Steel Ltd (VRAJ) - Net Assets
Based on the latest financial reports, Vraj Iron and Steel Ltd (VRAJ) has net assets worth Rs4.13 Billion INR (≈ $44.66 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 (Rs4.65 Billion ≈ $50.24 Million USD) and total liabilities (Rs516.07 Million ≈ $5.58 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 Vraj Iron and Steel Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.13 Billion |
| % of Total Assets | 88.89% |
| Annual Growth Rate | 53.9% |
| 5-Year Change | 587.67% |
| 10-Year Change | N/A |
| Growth Volatility | 24.31 |
Vraj Iron and Steel Ltd - Net Assets Trend (2020–2025)
This chart illustrates how Vraj Iron and Steel Ltd's net assets have evolved over time, based on quarterly financial data. See Vraj Iron and Steel Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Vraj Iron and Steel Ltd (2020–2025)
The table below shows the annual net assets of Vraj Iron and Steel Ltd from 2020 to 2025. For live valuation and market cap data, see market cap of Vraj Iron and Steel Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.97 Billion ≈ $42.93 Million |
+98.14% |
| 2024-03-31 | Rs2.00 Billion ≈ $21.67 Million |
+42.17% |
| 2023-03-31 | Rs1.41 Billion ≈ $15.24 Million |
+61.71% |
| 2022-03-31 | Rs871.39 Million ≈ $9.42 Million |
+50.96% |
| 2021-03-31 | Rs577.23 Million ≈ $6.24 Million |
+25.50% |
| 2020-03-31 | Rs459.95 Million ≈ $4.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vraj Iron and Steel Ltd'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 744.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.01 Billion | 50.58% |
| Common Stock | Rs329.83 Million | 8.31% |
| Other Comprehensive Income | Rs3.64 Billion | 91.69% |
| Total Equity | Rs3.97 Billion | 100.00% |
Vraj Iron and Steel Ltd Competitors by Market Cap
The table below lists competitors of Vraj Iron and Steel Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vrancart Adjud
RO:VNC
|
$43.39 Million |
|
Feytech Holdings Berhad
KLSE:5322
|
$43.40 Million |
|
Paragon Union Bhd
KLSE:9407
|
$43.41 Million |
|
Daejoo Inc
KQ:003310
|
$43.41 Million |
|
Aton Resources Inc
V:AAN
|
$43.33 Million |
|
Buima Group
TWO:5543
|
$43.33 Million |
|
ROK Resources Inc
V:ROK
|
$43.32 Million |
|
NAXS Nordic Access Buyout Fund AB
ST:NAXS
|
$43.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vraj Iron and Steel Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,003,350,000 to 3,969,300,000, a change of 1,965,950,000 (98.1%).
- Net income of 440,870,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,620,830,000.
- Other factors decreased equity by 2,095,750,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs440.87 Million | +11.11% |
| Other Comprehensive Income | Rs3.62 Billion | +91.22% |
| Other Changes | Rs-2.10 Billion | -52.8% |
| Total Change | Rs- | 98.13% |
Book Value vs Market Value Analysis
This analysis compares Vraj Iron and Steel Ltd'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: 0.95x
- 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 6.54x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | Rs18.60 | Rs121.63 | x |
| 2021-03-31 | Rs23.21 | Rs121.63 | x |
| 2022-03-31 | Rs35.25 | Rs121.63 | x |
| 2023-03-31 | Rs57.00 | Rs121.63 | x |
| 2024-03-31 | Rs81.04 | Rs121.63 | x |
| 2025-03-31 | Rs128.57 | Rs121.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vraj Iron and Steel Ltd 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): 11.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.28%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.05x
- Recent ROE (11.11%) is below the historical average (23.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.73% | 4.84% | 0.98x | 2.68x | Rs12.54 Million |
| 2021 | 19.14% | 3.78% | 2.30x | 2.20x | Rs52.46 Million |
| 2022 | 32.94% | 6.93% | 2.75x | 1.73x | Rs199.90 Million |
| 2023 | 38.32% | 10.47% | 2.69x | 1.36x | Rs399.06 Million |
| 2024 | 28.66% | 13.67% | 1.50x | 1.40x | Rs373.75 Million |
| 2025 | 11.11% | 9.28% | 1.14x | 1.05x | Rs43.94 Million |
Industry Comparison
This section compares Vraj Iron and Steel Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $4,962,007,503
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vraj Iron and Steel Ltd (VRAJ) | Rs4.13 Billion | 12.73% | 0.12x | $43.38 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $1.20 Billion | 5.37% | 2.25x | $2.37 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $4.72 Billion | 13.50% | 1.73x | $5.59 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $12.69 Billion | 11.40% | 0.71x | $514.95 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $987.90 Million | -40.30% | 5.23x | $39.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $6.61 Billion | 14.56% | 0.24x | $158.98 Million |
| Electrotherm (India) Limited (ELECTHERM) | $587.16 Million | 32.01% | 5.36x | $149.04 Million |
| Grand Foundry Limited (GFSTEELS) | $-56.35 Million | 0.00% | 0.00x | $4.48 Million |
| Goodluck India Limited (GOODLUCK) | $13.47 Billion | 12.24% | 0.88x | $487.00 Million |
| Godawari Power And Ispat limited (GPIL) | $9.28 Billion | -9.55% | 2.75x | $1.90 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $133.55 Million | 0.35% | 1.68x | $138.11 Million |
About Vraj Iron and Steel Ltd
Vraj Iron and Steel Limited engages in the manufacture and sale of sponge iron, MS billets, TMT bars and others related items under the Vraj brand primarily in India. It sells its products directly, as well as through brokers and dealers to industrial customers and end-users. The company was incorporated in 2004 and is based in Raipur, India. Vraj Iron and Steel Limited is a subsidiary of Gopal S… Read more