HP Adhesives Limited (HPAL) — Tangible Net Worth Ratio
HP Adhesives Limited (HPAL) has a Tangible Net Worth Ratio of 99.9% as of September 2025. This metric is calculated by deducting intangible assets (Rs1.32 Million) from net assets (Rs1.88 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of HP Adhesives Limited to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
HP Adhesives Limited Tangible Net Worth Ratio (2019–2025)
This chart shows how HP Adhesives Limited's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of September 2025, the ratio stands at 99.9%, reflecting net assets of Rs1.88 Billion with intangible assets of Rs1.32 Million INR. See HPAL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for HP Adhesives Limited (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for HP Adhesives Limited from 2019 to 2025, covering 7 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see HP Adhesives Limited stock valuation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.9% | Rs1.84 Billion | Rs1.47 Million | Rs2.28 Billion | ▲ +0.0 pp |
| 2024 | 99.9% | Rs1.69 Billion | Rs1.95 Million | Rs1.98 Billion | ▼ 0.0 pp |
| 2023 | 99.9% | Rs1.48 Billion | Rs1.16 Million | Rs1.85 Billion | ▲ +0.0 pp |
| 2022 | 99.9% | Rs1.37 Billion | Rs1.67 Million | Rs1.95 Billion | ▲ +1.2 pp |
| 2021 | 98.6% | Rs126.59 Million | Rs1.72 Million | Rs897.79 Million | ▲ +4.6 pp |
| 2020 | 94.1% | Rs24.84 Million | Rs1.48 Million | Rs568.11 Million | ▼ -5.9 pp |
| 2019 | 100.0% | Rs146.62 Million | Rs51.00K | Rs567.17 Million | — |