HLE Glascoat Limited (HLEGLAS) - Net Assets

Latest as of September 2025: Rs5.86 Billion INR ≈ $63.41 Million USD

Based on the latest financial reports, HLE Glascoat Limited (HLEGLAS) has net assets worth Rs5.86 Billion INR (≈ $63.41 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 (Rs14.16 Billion ≈ $153.15 Million USD) and total liabilities (Rs8.30 Billion ≈ $89.73 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 HLE Glascoat Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs5.86 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. Also explore HLE Glascoat Limited asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see HLEGLAS stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs5.54 Billion ≈ $59.94 Million	+11.59%
2024-03-31	Rs4.97 Billion ≈ $53.72 Million	+51.98%
2023-03-31	Rs3.27 Billion ≈ $35.35 Million	+28.87%
2022-03-31	Rs2.54 Billion ≈ $27.43 Million	+88.13%
2021-03-31	Rs1.35 Billion ≈ $14.58 Million	+74.23%
2020-03-31	Rs773.74 Million ≈ $8.37 Million	+36.74%
2019-03-31	Rs565.84 Million ≈ $6.12 Million	+9.92%
2018-03-31	Rs514.77 Million ≈ $5.57 Million	+12.23%
2017-03-31	Rs458.69 Million ≈ $4.96 Million	+73.35%
2016-03-31	Rs264.60 Million ≈ $2.86 Million	+11.98%
2015-03-31	Rs236.30 Million ≈ $2.56 Million	+4.34%
2014-03-31	Rs226.47 Million ≈ $2.45 Million	+11.58%
2013-03-31	Rs202.97 Million ≈ $2.20 Million	+12.97%
2012-03-31	Rs179.67 Million ≈ $1.94 Million	+9.30%
2011-03-31	Rs164.38 Million ≈ $1.78 Million	+10.37%
2010-03-31	Rs148.93 Million ≈ $1.61 Million	+10.43%
2009-03-31	Rs134.86 Million ≈ $1.46 Million	+8.51%
2008-03-31	Rs124.29 Million ≈ $1.34 Million	+16.61%
2007-03-31	Rs106.59 Million ≈ $1.15 Million	+9.04%
2006-03-31	Rs97.75 Million ≈ $1.06 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	Rs1.55 Billion	33.77%
Common Stock	Rs136.53 Million	2.97%
Other Comprehensive Income	Rs1.92 Billion	41.72%
Other Components	Rs989.27 Million	21.54%
Total Equity	Rs4.59 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
China Yongda Automobiles Services Holdings Ltd F:1CY	$240.72 Million
Thu Dau Mot Water JSC VN:TDM	$240.73 Million
Senao International Co Ltd TW:2450	$240.84 Million
Socep Constant RO:SOCP	$240.90 Million
Live Oak Acquisition Corp. V Class A Ordinary Shares NASDAQ:LOKV	$240.58 Million
Egetis Therapeutics AB (publ) ST:EGTX	$240.32 Million
Dongkuk Steel Mill Co Ltd KO:001230	$240.28 Million
Sangsin Energy Display Precision Co.Ltd KQ:091580	$240.26 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	Rs467.14 Million	+10.17%
Dividends Paid	Rs77.47 Million	-1.69%
Share Repurchases	Rs74.77 Million	-1.63%
Share Issuances	Rs3.27 Million	+0.07%
Other Comprehensive Income	Rs115.52 Million	+2.52%
Other Changes	Rs-8.62 Million	-0.19%
Total Change	Rs-	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: 3.60x
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 81.93x to 3.60x 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	Rs3.91	Rs320.35	x
2007-03-31	Rs4.26	Rs320.35	x
2008-03-31	Rs2.48	Rs320.35	x
2009-03-31	Rs2.70	Rs320.35	x
2010-03-31	Rs2.98	Rs320.35	x
2011-03-31	Rs3.29	Rs320.35	x
2012-03-31	Rs3.59	Rs320.35	x
2013-03-31	Rs4.06	Rs320.35	x
2014-03-31	Rs4.53	Rs320.35	x
2015-03-31	Rs4.73	Rs320.35	x
2016-03-31	Rs5.29	Rs320.35	x
2017-03-31	Rs9.17	Rs320.35	x
2018-03-31	Rs7.91	Rs320.35	x
2019-03-31	Rs17.42	Rs320.35	x
2020-03-31	Rs11.76	Rs320.35	x
2021-03-31	Rs20.76	Rs320.35	x
2022-03-31	Rs37.14	Rs320.35	x
2023-03-31	Rs47.86	Rs320.35	x
2024-03-31	Rs61.06	Rs320.35	x
2025-03-31	Rs88.98	Rs320.35	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	Rs10.04 Million
2007	14.87%	4.86%	0.86x	3.55x	Rs5.20 Million
2008	19.89%	5.97%	1.01x	3.29x	Rs12.29 Million
2009	13.05%	4.15%	0.97x	3.24x	Rs4.11 Million
2010	16.12%	5.27%	0.95x	3.22x	Rs9.12 Million
2011	16.47%	5.11%	0.80x	4.04x	Rs10.63 Million
2012	15.63%	3.99%	1.02x	3.85x	Rs10.11 Million
2013	17.78%	4.77%	1.10x	3.39x	Rs15.78 Million
2014	16.79%	4.95%	1.05x	3.22x	Rs15.38 Million
2015	19.21%	5.13%	1.06x	3.54x	Rs21.77 Million
2016	15.70%	4.49%	1.16x	3.01x	Rs15.08 Million
2017	6.68%	3.76%	0.87x	2.05x	Rs-15.24 Million
2018	10.41%	5.55%	1.00x	1.89x	Rs2.11 Million
2019	12.28%	5.55%	0.92x	2.41x	Rs12.89 Million
2020	50.30%	9.02%	1.26x	4.41x	Rs306.35 Million
2021	38.84%	10.78%	1.29x	2.80x	Rs388.51 Million
2022	22.94%	8.91%	0.86x	3.00x	Rs328.16 Million
2023	21.37%	7.49%	1.05x	2.73x	Rs371.44 Million
2024	7.12%	3.07%	0.81x	2.88x	Rs-119.93 Million
2025	10.17%	4.55%	0.79x	2.82x	Rs7.83 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: $37,677,440,843
Average return on equity (ROE) among peers: 17.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HLE Glascoat Limited (HLEGLAS)	Rs5.86 Billion	20.28%	1.42x	$240.62 Million
Aaron Industries Limited (AARON)	$550.00K	66.55%	18.36x	$31.35 Million
Ador Welding Limited (ADORWELD)	$1.47 Billion	17.36%	0.26x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.37 Billion	15.88%	0.28x	$446.74 Million
ATAM VALVES ORD (BSE) (ATAM)	$37.09 Million	13.75%	4.00x	$8.50 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.51 Billion
Bharat Heavy Electricals Limited (BHEL)	$323.31 Billion	1.36%	0.97x	$13.27 Billion
Cummins India Limited (CUMMINSIND)	$51.45 Billion	18.15%	0.38x	$15.79 Billion
Diamond Power Infrastructure Limited (DIACABS)	$-6.22 Billion	0.00%	0.00x	$899.30 Million
Diffusion Engineers Ltd (DIFFNKG)	$1.91 Billion	16.05%	0.44x	$120.60 Million
Ducon Infratechnologies Limited (DUCON)	$236.88 Million	0.26%	0.31x	$11.42 Million

About HLE Glascoat Limited

NSE:HLEGLAS India Specialty Industrial Machinery

Market Cap

$240.62 Million

Rs22.25 Billion INR

Market Cap Rank

#15843 Global

#789 in India

Share Price

Rs320.35

Change (1 day)

-1.29%

52-Week Range

Rs251.00 - Rs645.00

All Time High

Rs1453.23