HOV Services Limited (HOVS) - Net Assets
Based on the latest financial reports, HOV Services Limited (HOVS) has net assets worth Rs240.57 Million INR (≈ $2.60 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs395.31 Million ≈ $4.28 Million USD) and total liabilities (Rs154.74 Million ≈ $1.67 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 HOVS cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs240.57 Million |
| % of Total Assets | 60.86% |
| Annual Growth Rate | -5.24% |
| 5-Year Change | -74.92% |
| 10-Year Change | -92.87% |
| Growth Volatility | 447.49 |
HOV Services Limited - Net Assets Trend (2005–2025)
This chart illustrates how HOV Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore HOV Services Limited (HOVS) total assets for the complete picture of this company's asset base.
Annual Net Assets for HOV Services Limited (2005–2025)
The table below shows the annual net assets of HOV Services Limited from 2005 to 2025. For live valuation and market cap data, see how much is HOV Services Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs240.57 Million ≈ $2.60 Million |
+5.32% |
| 2024-03-31 | Rs228.42 Million ≈ $2.47 Million |
+1.12% |
| 2023-03-31 | Rs225.90 Million ≈ $2.44 Million |
-24.58% |
| 2022-03-31 | Rs299.51 Million ≈ $3.24 Million |
-68.78% |
| 2021-03-31 | Rs959.37 Million ≈ $10.38 Million |
+184.39% |
| 2020-03-31 | Rs337.34 Million ≈ $3.65 Million |
-92.40% |
| 2019-03-31 | Rs4.44 Billion ≈ $47.98 Million |
-38.07% |
| 2018-03-31 | Rs7.16 Billion ≈ $77.46 Million |
+2004.77% |
| 2017-03-31 | Rs340.32 Million ≈ $3.68 Million |
-89.91% |
| 2016-03-31 | Rs3.37 Billion ≈ $36.49 Million |
-41.63% |
| 2015-03-31 | Rs5.78 Billion ≈ $62.52 Million |
+242.54% |
| 2014-03-31 | Rs1.69 Billion ≈ $18.25 Million |
-21.63% |
| 2013-03-31 | Rs2.15 Billion ≈ $23.29 Million |
+1.51% |
| 2012-03-31 | Rs2.12 Billion ≈ $22.94 Million |
-46.56% |
| 2011-03-31 | Rs3.97 Billion ≈ $42.94 Million |
+7.42% |
| 2010-03-31 | Rs3.70 Billion ≈ $39.97 Million |
-31.65% |
| 2009-03-31 | Rs5.41 Billion ≈ $58.49 Million |
+8.75% |
| 2008-03-31 | Rs4.97 Billion ≈ $53.78 Million |
+26.05% |
| 2007-03-31 | Rs3.95 Billion ≈ $42.66 Million |
+400.86% |
| 2006-03-31 | Rs787.65 Million ≈ $8.52 Million |
+11.58% |
| 2005-03-31 | Rs705.93 Million ≈ $7.63 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to HOV Services 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 20994400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs209.94 Million | 87.27% |
| Common Stock | Rs125.95 Million | 52.35% |
| Total Equity | Rs240.57 Million | 100.00% |
HOV Services Limited Competitors by Market Cap
The table below lists competitors of HOV Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arbor Metals Corp
V:ABR
|
$10.75 Million |
|
Motio Ltd
AU:MXO
|
$10.75 Million |
|
Cofidur SA
PA:ALCOF
|
$10.76 Million |
|
First Lithium Ltd
AU:FL1
|
$10.77 Million |
|
AB Panevezio Statybos Trestas
STU:YK3
|
$10.74 Million |
|
Vaishali Pharma Limited
NSE:VAISHALI
|
$10.74 Million |
|
SIXTY NORTH GOLD MIN.LTD.
F:2F40
|
$10.74 Million |
|
Scorpion Minerals Ltd
AU:SCN
|
$10.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HOV Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 228,422,000 to 240,575,000, a change of 12,153,000 (5.3%).
- Net income of 42,171,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 691,583,000.
- Other factors decreased equity by 721,601,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs42.17 Million | +17.53% |
| Other Comprehensive Income | Rs691.58 Million | +287.47% |
| Other Changes | Rs-721.60 Million | -299.95% |
| Total Change | Rs- | 5.32% |
Book Value vs Market Value Analysis
This analysis compares HOV Services 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: 4.13x
- 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 increased from 1.26x to 4.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs62.74 | Rs78.89 | x |
| 2007-03-31 | Rs352.97 | Rs78.89 | x |
| 2008-03-31 | Rs342.68 | Rs78.89 | x |
| 2009-03-31 | Rs406.98 | Rs78.89 | x |
| 2010-03-31 | Rs295.88 | Rs78.89 | x |
| 2011-03-31 | Rs317.84 | Rs78.89 | x |
| 2012-03-31 | Rs169.85 | Rs78.89 | x |
| 2013-03-31 | Rs171.59 | Rs78.89 | x |
| 2014-03-31 | Rs134.74 | Rs78.89 | x |
| 2015-03-31 | Rs462.31 | Rs78.89 | x |
| 2016-03-31 | Rs268.58 | Rs78.89 | x |
| 2017-03-31 | Rs27.15 | Rs78.89 | x |
| 2018-03-31 | Rs568.27 | Rs78.89 | x |
| 2019-03-31 | Rs352.14 | Rs78.89 | x |
| 2020-03-31 | Rs26.80 | Rs78.89 | x |
| 2021-03-31 | Rs76.19 | Rs78.89 | x |
| 2022-03-31 | Rs23.79 | Rs78.89 | x |
| 2023-03-31 | Rs17.94 | Rs78.89 | x |
| 2024-03-31 | Rs18.14 | Rs78.89 | x |
| 2025-03-31 | Rs19.09 | Rs78.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HOV Services 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): 17.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.77%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.64x
- Recent ROE (17.53%) is above the historical average (-21.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.33% | 6.97% | 1.29x | 1.49x | Rs23.52 Million |
| 2006 | 14.72% | 7.08% | 1.26x | 1.65x | Rs37.16 Million |
| 2007 | 5.52% | 8.33% | 0.24x | 2.81x | Rs-168.45 Million |
| 2008 | 12.66% | 6.53% | 0.70x | 2.75x | Rs114.22 Million |
| 2009 | 9.08% | 5.17% | 0.64x | 2.76x | Rs-46.90 Million |
| 2010 | -20.52% | -8.94% | 0.83x | 2.76x | Rs-1.13 Billion |
| 2011 | 13.53% | 7.58% | 0.67x | 2.68x | Rs140.26 Million |
| 2012 | -5.81% | -87.63% | 0.06x | 1.05x | Rs-335.32 Million |
| 2013 | 2.28% | 34.81% | 0.06x | 1.09x | Rs-165.54 Million |
| 2014 | -23.23% | -282.10% | 0.08x | 1.10x | Rs-559.33 Million |
| 2015 | -26.87% | -946.84% | 0.03x | 1.03x | Rs-2.13 Billion |
| 2016 | -81.68% | -1819.31% | 0.04x | 1.06x | Rs-3.09 Billion |
| 2017 | -427.71% | -943.22% | 0.29x | 1.54x | Rs-1.49 Billion |
| 2018 | 0.33% | 17.49% | 0.01x | 1.41x | Rs-692.51 Million |
| 2019 | 0.04% | 1.67% | 0.02x | 1.37x | Rs-441.86 Million |
| 2020 | 1.99% | 6.11% | 0.21x | 1.53x | Rs-27.03 Million |
| 2021 | 2.68% | 26.64% | 0.08x | 1.22x | Rs-70.21 Million |
| 2022 | 7.18% | 21.37% | 0.22x | 1.51x | Rs-8.46 Million |
| 2023 | 20.23% | 37.90% | 0.32x | 1.67x | Rs23.10 Million |
| 2024 | 11.76% | 16.66% | 0.45x | 1.56x | Rs4.02 Million |
| 2025 | 17.53% | 18.77% | 0.57x | 1.64x | Rs18.11 Million |
Industry Comparison
This section compares HOV Services Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,245,774,409
- Average return on equity (ROE) among peers: 11.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HOV Services Limited (HOVS) | Rs240.57 Million | 13.33% | 0.64x | $10.75 Million |
| AAA Technologies Limited (AAATECH) | $253.85 Million | 11.30% | 0.09x | $13.80 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.80 Billion | 49.66% | 0.42x | $187.02 Million |
| Adroit Infotech Limited (ADROITINFO) | $159.54 Million | -2.39% | 0.01x | $5.85 Million |
| Airan Limited (AIRAN) | $188.59 Million | 6.62% | 0.62x | $22.15 Million |
| Alankit Limited (ALANKIT) | $3.75 Million | 22.76% | 4.62x | $27.04 Million |
| Bartronics India Limited (ASMS) | $664.69 Million | -75.68% | 23.36x | $25.79 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $1.11 Billion |
| Computer Age Management Services Limited (CAMS) | $7.82 Billion | 36.45% | 0.40x | $1.98 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $115.76 Million | 0.58% | 0.23x | $351.04 Million |
| Cambridge Technology Enterprises Limited (CTE) | $29.18 Million | 47.30% | 0.49x | $6.93 Million |
About HOV Services Limited
Handson Global Management (HGM) Limited, together with its subsidiaries, provides software and IT enabled services. The company offers software development, maintenance, support, and related services; data entry and business process outsource services. It is also involved in sale of software licenses. The company was formerly known as HOV Services Limited and changed its name to Handson Global Ma… Read more