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HLE GlascoatNSE:HLEGLAS -14.00%92 Equity-to-Asset is 0.39 as of Mar. 2026, which is 8% above its 10-year median of 0.36. GuruFocus rates NSE:HLEGLAS with a GF Score™ of 92/100 and a GF Value™ of ₹622.20 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 3,072 Industrial Products companies, HLE Glascoat ranks worse than 78.06% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. HLE Glascoat's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹5,339 Mil. HLE Glascoat's Total Assets for the quarter that ended in Mar. 2026 was ₹13,818 Mil.
Therefore, HLE Glascoat's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.39.
The historical rank and industry rank for HLE Glascoat's Equity-to-Asset or its related term are showing as below:
NSE:HLEGLAS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.36 Max: 0.53
Current: 0.39
During the past 13 years, the highest Equity to Asset Ratio of HLE Glascoat was 0.53. The lowest was 0.14. And the median was 0.36.
NSE:HLEGLAS's Equity-to-Asset is ranked worse than 78.06% of 3072
companies
in the Industrial Products industry
Industry Median: 0.57
vs NSE:HLEGLAS: 0.39
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
HLE Glascoat Equity-to-Asset Related Terms
HLE Glascoat Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for HLE Glascoat's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:HLEGLAS vs GEV, ETN, PH: Equity-to-Asset Comparison
For the Specialty Industrial Machinery subindustry, HLE Glascoat's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HLE Glascoat Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HLE Glascoat's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where HLE Glascoat's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
HLE Glascoat's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HLE Glascoat (NSE:HLEGLAS) has a Equity-to-Asset of 0.39 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on HLE Glascoat and its competitors. This is near median its historical median of 0.36. Over the past decade, HLE Glascoat's Equity-to-Asset has ranged from 0.14 to 0.53. According to the industry distribution chart, HLE Glascoat ranks #2398 out of 3072 companies in the Industrial Products industry, placing it in the top 78.1%.
Is HLE Glascoat's Equity-to-Asset too high?
HLE Glascoat's current Equity-to-Asset of 0.39 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.53. The Industrial Products industry median Equity-to-Asset is 0.57. HLE Glascoat's value of 0.39 is 31.6% below this industry median. Based on the distribution chart, HLE Glascoat ranks #2398 out of 3072 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, HLE Glascoat has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HLE Glascoat's Equity-to-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLE Glascoat ranks #2398 out of 3072 companies for Equity-to-Asset. This places HLE Glascoat in the lower half of its industry. The industry median Equity-to-Asset is 0.57. HLE Glascoat's value of 0.39 is 31.6% below this benchmark. Historically, HLE Glascoat's own Equity-to-Asset has ranged from 0.14 to 0.53 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.57, HLE Glascoat has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,072 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HLE Glascoat's current Equity-to-Asset of 0.39 is 31.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on HLE Glascoat and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLE Glascoat's current Equity-to-Asset is 0.39, which is near median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HLE Glascoat stock overvalued right now?
Based on GuruFocus' analysis, HLE Glascoat (NSE:HLEGLAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹622.20, compared to a current price of ₹326.45 — trading 47.5% below its estimated fair value. The current Equity-to-Asset is 0.39, which is near median its 10-year median of 0.36 and 31.6% below the Industrial Products industry median of 0.57. HLE Glascoat's overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For HLE Glascoat (NSE:HLEGLAS), the current Equity-to-Asset is 0.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HLE Glascoat (NSE:HLEGLAS) Overvalued in 2026?
Based on GuruFocus' analysis, HLE Glascoat stock appears to be undervalued.
The current stock price of ₹326.45 is trading 47.5% below its estimated GF Value™ of ₹622.20.
GuruFocus considers HLE Glascoat to be Significantly Undervalued.
Key valuation signals for NSE:HLEGLAS:
Equity-to-Asset: 0.39 (near median its 10-year median of 0.36)
GF Value™: ₹622.20 vs. price of ₹326.45 (47.5% below fair value)
Industry Position: 31.6% below the Industrial Products median (#2398 of 3072)
No single metric tells the full story. See the NSE:HLEGLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HLE Glascoat Ltd is a process equipment manufacturer and a solution provider to the chemical and pharmaceutical industries. The company mainly manufactures filtration, glass-lined, and drying equipment. Its product portfolio comprises reactors, receivers, storage tanks, columns, agitators, agitated filters and dryers, rotary vacuum paddle dryers, other chemical process equipment, and related spares and accessories. The company's operating segments are: Filtration, drying and other equipment; Glass-lined equipment; and Heat transfer equipment. Maximum revenue is generated from its glass-lined equipment business. Geographically, the company generates maximum revenue from its business in India, and also exports its products to other markets.
92GF Score
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