HLE Glascoat Limited (HLEGLAS) - Net Assets

Latest as of March 2026: Rs6.18 Billion INR ≈ $66.86 Million USD

Based on the latest financial reports, HLE Glascoat Limited (HLEGLAS) has net assets worth Rs6.18 Billion INR (≈ $66.86 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.82 Billion ≈ $149.44 Million USD) and total liabilities (Rs7.64 Billion ≈ $82.58 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 HLEGLAS tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs6.18 Billion
% of Total Assets	44.74%
Annual Growth Rate	23.04%
5-Year Change	143.78%
10-Year Change	1247.87%
Growth Volatility	25.07

HLE Glascoat Limited - Net Assets Trend (2006–2026)

This chart illustrates how HLE Glascoat Limited's net assets have evolved over time, based on quarterly financial data. See HLEGLAS days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for HLE Glascoat Limited (2006–2026)

The table below shows the annual net assets of HLE Glascoat Limited from 2006 to 2026. For live valuation and market cap data, see HLEGLAS stock market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs6.18 Billion ≈ $66.86 Million	+11.54%
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs138.91 Million	2.60%
Other Components	Rs5.20 Billion	97.40%
Total Equity	Rs5.34 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
Zhejiang Benli Technology Co. Ltd. SHE:301065	$290.58 Million
Weifu High Tech Group SHE:200581	$290.69 Million
DB Financial Investment Co Ltd KO:016610	$290.71 Million
Xinjiang Hejin Holding Co Ltd SHE:000633	$290.78 Million
Ajmera Realty & Infra India Limited NSE:AJMERA	$290.23 Million
Hudaco JSE:HDC	$290.18 Million
Broedrene A&O Johansen A/S Series B CO:AOJ-B	$290.11 Million
Zhejiang Renzhi Co Ltd SHE:002629	$289.93 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 2025 to 2026, total equity changed from 4,593,072,000 to 5,339,228,000, a change of 746,156,000 (16.2%).
Net income of 494,241,000 contributed positively to equity growth.
Dividend payments of 75,092,000 reduced retained earnings.
New share issuances of 5,002,000 increased equity.
Other comprehensive income decreased equity by 1,916,373,000.
Other factors increased equity by 2,238,378,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs494.24 Million	+9.26%
Dividends Paid	Rs75.09 Million	-1.41%
Share Issuances	Rs5.00 Million	+0.09%
Other Comprehensive Income	Rs-1.92 Billion	-35.89%
Other Changes	Rs2.24 Billion	+41.92%
Total Change	Rs-	16.25%

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: 4.97x
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 98.82x to 4.97x 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	Rs386.40	x
2007-03-31	Rs4.26	Rs386.40	x
2008-03-31	Rs2.48	Rs386.40	x
2009-03-31	Rs2.70	Rs386.40	x
2010-03-31	Rs2.98	Rs386.40	x
2011-03-31	Rs3.29	Rs386.40	x
2012-03-31	Rs3.59	Rs386.40	x
2013-03-31	Rs4.06	Rs386.40	x
2014-03-31	Rs4.53	Rs386.40	x
2015-03-31	Rs4.73	Rs386.40	x
2016-03-31	Rs5.29	Rs386.40	x
2017-03-31	Rs9.17	Rs386.40	x
2018-03-31	Rs7.91	Rs386.40	x
2019-03-31	Rs17.42	Rs386.40	x
2020-03-31	Rs11.76	Rs386.40	x
2021-03-31	Rs20.76	Rs386.40	x
2022-03-31	Rs37.14	Rs386.40	x
2023-03-31	Rs47.86	Rs386.40	x
2024-03-31	Rs61.06	Rs386.40	x
2025-03-31	Rs88.98	Rs386.40	x
2026-03-31	Rs77.78	Rs386.40	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): 9.26%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.65%
• Asset Turnover: 0.98x
• Equity Multiplier: 2.59x
Recent ROE (9.26%) is below the historical average (17.86%), 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
2026	9.26%	3.65%	0.98x	2.59x	Rs-39.68 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: $29,779,943,600
Average return on equity (ROE) among peers: 11.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HLE Glascoat Limited (HLEGLAS)	Rs6.18 Billion	20.28%	1.24x	$290.24 Million
Aaron Industries Limited (AARON)	$2.38 Million	16.19%	8.26x	$28.22 Million
Ador Welding Limited (ADORWELD)	$5.07 Billion	11.84%	0.37x	$184.52 Million
The Anup Engineering Limited (ANUP)	$2.82 Billion	14.91%	0.41x	$461.95 Million
ATAM VALVES ORD (BSE) (ATAM)	$364.70 Million	17.27%	0.48x	$8.83 Million
Azad Engineering Limited (AZAD)	$2.04 Billion	4.15%	1.89x	$1.51 Billion
Bharat Heavy Electricals Limited (BHEL)	$265.07 Billion	1.68%	1.12x	$14.77 Billion
Cummins India Limited (CUMMINSIND)	$7.64 Billion	17.47%	0.59x	$17.49 Billion
Diamond Power Infrastructure Limited (DIACABS)	$9.90 Billion	11.20%	1.98x	$1.17 Billion
Diffusion Engineers Ltd (DIFFNKG)	$3.69 Billion	9.72%	0.20x	$154.12 Million
Ducon Infratechnologies Limited (DUCON)	$1.20 Billion	6.33%	1.43x	$12.86 Million

About HLE Glascoat Limited

NSE:HLEGLAS India Specialty Industrial Machinery

Market Cap

$290.24 Million

Rs26.84 Billion INR

Market Cap Rank

#15086 Global

#755 in India

Share Price

Rs386.40

Change (1 day)

+1.15%

52-Week Range

Rs251.00 - Rs645.00

All Time High

Rs1453.23