HLE Glascoat Limited
HLE Glascoat Limited manufactures and sells carbon steel glass lined equipment in India and internationally. It operates through Filtration, Drying and Other Equipment; Glass Lined Equipment; and Heat Transfer Equipment segments. The Filtration, Drying and Other Equipment segment offers agitated nutsche filter-dryers, rotary vacuum paddle dryers, kilo-lab filter dryers, rapid disc dryer-coolers, … Read more
HLE Glascoat Limited (HLEGLAS) - Net Assets
Latest net assets as of September 2025: ₹5.86 Billion INR
Based on the latest financial reports, HLE Glascoat Limited (HLEGLAS) has net assets worth ₹5.86 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 (₹14.16 Billion) and total liabilities (₹8.30 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 | ₹5.86 Billion |
| % of Total Assets | 41.41% |
| Annual Growth Rate | 23.68% |
| 5-Year Change | 311.16% |
| 10-Year Change | 1994.81% |
| Growth Volatility | 25.52 |
HLE Glascoat Limited - Net Assets Trend (2006–2025)
This chart illustrates how HLE Glascoat 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 HLE Glascoat Limited (2006–2025)
The table below shows the annual net assets of HLE Glascoat Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹5.54 Billion | +11.59% |
| 2024-03-31 | ₹4.97 Billion | +51.98% |
| 2023-03-31 | ₹3.27 Billion | +28.87% |
| 2022-03-31 | ₹2.54 Billion | +88.13% |
| 2021-03-31 | ₹1.35 Billion | +74.23% |
| 2020-03-31 | ₹773.74 Million | +36.74% |
| 2019-03-31 | ₹565.84 Million | +9.92% |
| 2018-03-31 | ₹514.77 Million | +12.23% |
| 2017-03-31 | ₹458.69 Million | +73.35% |
| 2016-03-31 | ₹264.60 Million | +11.98% |
| 2015-03-31 | ₹236.30 Million | +4.34% |
| 2014-03-31 | ₹226.47 Million | +11.58% |
| 2013-03-31 | ₹202.97 Million | +12.97% |
| 2012-03-31 | ₹179.67 Million | +9.30% |
| 2011-03-31 | ₹164.38 Million | +10.37% |
| 2010-03-31 | ₹148.93 Million | +10.43% |
| 2009-03-31 | ₹134.86 Million | +8.51% |
| 2008-03-31 | ₹124.29 Million | +16.61% |
| 2007-03-31 | ₹106.59 Million | +9.04% |
| 2006-03-31 | ₹97.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HLE Glascoat 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 155089300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.55 Billion | 33.77% |
| Common Stock | ₹136.53 Million | 2.97% |
| Other Comprehensive Income | ₹1.92 Billion | 41.72% |
| Other Components | ₹989.27 Million | 21.54% |
| Total Equity | ₹4.59 Billion | 100.00% |
HLE Glascoat Limited Competitors by Market Cap
The table below lists competitors of HLE Glascoat Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cantabil Retail India Limited
NSE:CANTABIL
|
$59.22 Million |
|
RCF Acquisition Corp
NYSE:RCFA
|
$59.23 Million |
|
Bannari Amman Sugars Limited
NSE:BANARISUG
|
$59.24 Million |
|
CASH CONVERTERS INTL
F:UKC
|
$59.24 Million |
|
Glatfelter
NYSE:GLT
|
$59.22 Million |
|
Arizona Metals Corp
OTCQX:AZMCF
|
$59.21 Million |
|
LapWall Oyj
HE:LAPWALL
|
$59.19 Million |
|
ATEME SA
PA:ATEME
|
$59.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HLE Glascoat Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,168,014,000 to 4,593,072,000, a change of 425,058,000 (10.2%).
- Net income of 467,138,000 contributed positively to equity growth.
- Dividend payments of 77,467,000 reduced retained earnings.
- Share repurchases of 74,774,000 reduced equity.
- New share issuances of 3,270,000 increased equity.
- Other comprehensive income increased equity by 115,516,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹467.14 Million | +10.17% |
| Dividends Paid | ₹77.47 Million | -1.69% |
| Share Repurchases | ₹74.77 Million | -1.63% |
| Share Issuances | ₹3.27 Million | +0.07% |
| Other Comprehensive Income | ₹115.52 Million | +2.52% |
| Other Changes | ₹-8.62 Million | -0.19% |
| Total Change | ₹- | 10.20% |
Book Value vs Market Value Analysis
This analysis compares HLE Glascoat 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: 3.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 73.25x to 3.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹3.91 | ₹286.40 | x |
| 2007-03-31 | ₹4.26 | ₹286.40 | x |
| 2008-03-31 | ₹2.48 | ₹286.40 | x |
| 2009-03-31 | ₹2.70 | ₹286.40 | x |
| 2010-03-31 | ₹2.98 | ₹286.40 | x |
| 2011-03-31 | ₹3.29 | ₹286.40 | x |
| 2012-03-31 | ₹3.59 | ₹286.40 | x |
| 2013-03-31 | ₹4.06 | ₹286.40 | x |
| 2014-03-31 | ₹4.53 | ₹286.40 | x |
| 2015-03-31 | ₹4.73 | ₹286.40 | x |
| 2016-03-31 | ₹5.29 | ₹286.40 | x |
| 2017-03-31 | ₹9.17 | ₹286.40 | x |
| 2018-03-31 | ₹7.91 | ₹286.40 | x |
| 2019-03-31 | ₹17.42 | ₹286.40 | x |
| 2020-03-31 | ₹11.76 | ₹286.40 | x |
| 2021-03-31 | ₹20.76 | ₹286.40 | x |
| 2022-03-31 | ₹37.14 | ₹286.40 | x |
| 2023-03-31 | ₹47.86 | ₹286.40 | x |
| 2024-03-31 | ₹61.06 | ₹286.40 | x |
| 2025-03-31 | ₹88.98 | ₹286.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HLE Glascoat 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): 10.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.55%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 2.82x
- Recent ROE (10.17%) is below the historical average (18.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 20.28% | 6.09% | 0.97x | 3.44x | ₹10.04 Million |
| 2007 | 14.87% | 4.86% | 0.86x | 3.55x | ₹5.20 Million |
| 2008 | 19.89% | 5.97% | 1.01x | 3.29x | ₹12.29 Million |
| 2009 | 13.05% | 4.15% | 0.97x | 3.24x | ₹4.11 Million |
| 2010 | 16.12% | 5.27% | 0.95x | 3.22x | ₹9.12 Million |
| 2011 | 16.47% | 5.11% | 0.80x | 4.04x | ₹10.63 Million |
| 2012 | 15.63% | 3.99% | 1.02x | 3.85x | ₹10.11 Million |
| 2013 | 17.78% | 4.77% | 1.10x | 3.39x | ₹15.78 Million |
| 2014 | 16.79% | 4.95% | 1.05x | 3.22x | ₹15.38 Million |
| 2015 | 19.21% | 5.13% | 1.06x | 3.54x | ₹21.77 Million |
| 2016 | 15.70% | 4.49% | 1.16x | 3.01x | ₹15.08 Million |
| 2017 | 6.68% | 3.76% | 0.87x | 2.05x | ₹-15.24 Million |
| 2018 | 10.41% | 5.55% | 1.00x | 1.89x | ₹2.11 Million |
| 2019 | 12.28% | 5.55% | 0.92x | 2.41x | ₹12.89 Million |
| 2020 | 50.30% | 9.02% | 1.26x | 4.41x | ₹306.35 Million |
| 2021 | 38.84% | 10.78% | 1.29x | 2.80x | ₹388.51 Million |
| 2022 | 22.94% | 8.91% | 0.86x | 3.00x | ₹328.16 Million |
| 2023 | 21.37% | 7.49% | 1.05x | 2.73x | ₹371.44 Million |
| 2024 | 7.12% | 3.07% | 0.81x | 2.88x | ₹-119.93 Million |
| 2025 | 10.17% | 4.55% | 0.79x | 2.82x | ₹7.83 Million |
Industry Comparison
This section compares HLE Glascoat Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $40,077,662,621
- Average return on equity (ROE) among peers: 16.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HLE Glascoat Limited (HLEGLAS) | ₹5.86 Billion | 20.28% | 1.42x | $59.22 Million |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.10 Million |
| Ador Welding Limited (ADORWELD) | $1.75 Billion | 11.93% | 0.33x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $532.64 Million | 4.45% | 1.27x | $15.91K |
| AIA Engineering Limited (AIAENG) | $69.37 Billion | 15.29% | 0.13x | $1.29 Billion |
| The Anup Engineering Limited (ANUP) | $410.50 Million | 12.03% | 0.62x | $198.79 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $25.99 Million | 10.65% | 5.44x | $3.48 Million |
| Azad Engineering Limited (AZAD) | $6.45 Billion | 9.08% | 0.24x | $472.70 Million |
| Bharat Heavy Electricals Limited (BHEL) | $305.37 Billion | 21.92% | 1.35x | $4.27 Billion |
| Cummins India Limited (CUMMINSIND) | $15.61 Billion | 28.43% | 0.53x | $7.36 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $1.09 Billion | 25.24% | 2.50x | $120.99 Million |