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HLE GlascoatBOM:522215 -19.99%85 Return-on-Tangible-Equity is 21.52% as of Mar. 2026, which is 8% below its 10-year median of 23.48. GuruFocus rates BOM:522215 with a GF Score™ of 85/100 and a GF Value™ of ₹621.46 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,973 Industrial Products companies, HLE Glascoat ranks better than 78.2% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. HLE Glascoat's annualized net income for the quarter that ended in Mar. 2026 was ₹727 Mil. HLE Glascoat's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹3,381 Mil. Therefore, HLE Glascoat's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.52%.
The historical rank and industry rank for HLE Glascoat's Return-on-Tangible-Equity or its related term are showing as below:
BOM:522215'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.11 Med: 23.48 Max: 70.95
Current: 15.68
During the past 13 years, HLE Glascoat's highest Return-on-Tangible-Equity was 70.95%. The lowest was 9.11%. And the median was 23.48%.
BOM:522215's Return-on-Tangible-Equity is ranked better than 78.2% of 2973
companies
in the Industrial Products industry
Industry Median: 6.87
vs BOM:522215: 15.68
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
HLE Glascoat Return-on-Tangible-Equity Related Terms
HLE Glascoat Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HLE Glascoat's Return-on-Tangible-Equity 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.
BOM:522215 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, HLE Glascoat's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HLE Glascoat's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HLE Glascoat's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.52% mean?
HLE Glascoat (BOM:522215) has a Return-on-Tangible-Equity of 21.52% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on HLE Glascoat and its competitors. This is near median its historical median of 23.48. Over the past decade, HLE Glascoat's Return-on-Tangible-Equity has ranged from 9.11 to 70.95. According to the industry distribution chart, HLE Glascoat ranks #648 out of 2973 companies in the Industrial Products industry, placing it in the top 21.8%.
Is HLE Glascoat's Return-on-Tangible-Equity too high?
HLE Glascoat's current Return-on-Tangible-Equity of 21.52% is near median its 10-year median of 23.48. Over the past 10 years, this metric has ranged from a low of 9.11 to a high of 70.95. The Industrial Products industry median Return-on-Tangible-Equity is 6.87. HLE Glascoat's value of 21.52% is 213.2% above this industry median. Based on the distribution chart, HLE Glascoat ranks #648 out of 2973 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HLE Glascoat has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HLE Glascoat's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLE Glascoat ranks #648 out of 2973 companies for Return-on-Tangible-Equity. This places HLE Glascoat in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.87. HLE Glascoat's value of 21.52% is 213.2% above this benchmark. Historically, HLE Glascoat's own Return-on-Tangible-Equity has ranged from 9.11 to 70.95 over the past decade. While the company's 10-year median is 23.48 vs. the industry median of 6.87, HLE Glascoat has consistently been above 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 Return-on-Tangible-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.87, based on 2,973 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HLE Glascoat's current Return-on-Tangible-Equity of 21.52% is 213.2% above 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on HLE Glascoat and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLE Glascoat's current Return-on-Tangible-Equity is 21.52%, which is near median its own 10-year median of 23.48. 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 (BOM:522215) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹621.46, compared to a current price of ₹379.75 — trading 38.9% below its estimated fair value. The current Return-on-Tangible-Equity is 21.52%, which is near median its 10-year median of 23.48 and 213.2% above the Industrial Products industry median of 6.87. HLE Glascoat's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For HLE Glascoat (BOM:522215), the current Return-on-Tangible-Equity is 21.52% 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 (BOM:522215) Overvalued in 2026?
Based on GuruFocus' analysis, HLE Glascoat stock appears to be undervalued.
The current stock price of ₹379.75 is trading 38.9% below its estimated GF Value™ of ₹621.46.
GuruFocus considers HLE Glascoat to be Significantly Undervalued.
Key valuation signals for BOM:522215:
Return-on-Tangible-Equity: 21.52% (near median its 10-year median of 23.48)
GF Value™: ₹621.46 vs. price of ₹379.75 (38.9% below fair value)
Industry Position: 213.2% above the Industrial Products median (#648 of 2973)
No single metric tells the full story. See the BOM:522215 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.
85GF Score
Get the complete analysis for BOM:522215
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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