Behari Lal Engineering (NSE:BLEL) Scaled Net Operating Assets: 1.06 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BLEL Behari Lal Engineering Ltd NSE:BLEL
19 GF Score
Price ₹457.45
View Full Analysis

What is Behari Lal Engineering Scaled Net Operating Assets?

Behari Lal Engineering NSE:BLEL -2.64% 19 Scaled Net Operating Assets is 1.06 as of Mar. 2026. GuruFocus rates NSE:BLEL with a GF Score™ of 19/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Behari Lal Engineering's operating assets for the quarter that ended in Mar. 2026 was ₹3,567 Mil. Behari Lal Engineering's operating liabilities for the quarter that ended in Mar. 2026 was ₹440 Mil. Behari Lal Engineering's Total Assets for the quarter that ended in Mar. 2025 was ₹2,960 Mil. Therefore, Behari Lal Engineering's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.06.

Behari Lal Engineering Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Behari Lal Engineering's Scaled Net Operating Assets 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.

Behari Lal Engineering Scaled Net Operating Assets Chart

Behari Lal Engineering Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.87 1.04 0.88 1.06

Behari Lal Engineering Quarterly Data
Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets 0.87 1.04 0.88 1.06

NSE:BLEL vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Behari Lal Engineering's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.

Behari Lal Engineering Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Behari Lal Engineering's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Behari Lal Engineering's Scaled Net Operating Assets falls into.


NSE:BLEL
19GF Score
Behari Lal Engineering Ltd NSE:BLEL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Behari Lal Engineering Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Behari Lal Engineering's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(3567.3-439.97)/2959.77
=1.06

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3678.73 - 111.43
=3567.3

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=617.74 - 3 - 174.77
=439.97

Behari Lal Engineering's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Mar. 2025 )
=(3567.3-439.97)/2959.77
=1.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3678.73 - 111.43
=3567.3

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=617.74 - 3 - 174.77
=439.97

* 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.

What does a Scaled Net Operating Assets of 1.06 mean?
Behari Lal Engineering (NSE:BLEL) has a Scaled Net Operating Assets of 1.06 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Behari Lal Engineering and its competitors.
Is Behari Lal Engineering's Scaled Net Operating Assets too high?
Behari Lal Engineering's current Scaled Net Operating Assets is 1.06. Overall, Behari Lal Engineering has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Behari Lal Engineering's Scaled Net Operating Assets compare to NUE and STLD?
Behari Lal Engineering's Scaled Net Operating Assets of 1.06 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Steel company?
A good Scaled Net Operating Assets depends on the Steel industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Behari Lal Engineering and its competitors. Behari Lal Engineering's current Scaled Net Operating Assets is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Behari Lal Engineering stock overvalued right now?
Behari Lal Engineering (NSE:BLEL) has a current Scaled Net Operating Assets of 1.06. The current Scaled Net Operating Assets is 1.06. Behari Lal Engineering's overall GF Score™ is 19/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Behari Lal Engineering (NSE:BLEL), the current Scaled Net Operating Assets is 1.06 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.

Behari Lal Engineering Business Description

Other Exchanges 544870:India
Address Vikas Marg Extension, B-9, Surajmal Vihar, Near Leela Ambience Convention Hotel, East Delhi, Delhi, IND, 110 092
Behari Lal Engineering Ltd is an integrated iron and steel manufacturing company specializing in customized engineering solutions. Its precision engineered components for critical industrial applications comprise: Metal Rolls, Engineering Castings, Alloy Steel Products, and Forging Ingots and Forged Shafts/ Blocks. The company's precision engineered products find application across diverse industries such as automobile, steel, mining, infrastructure and construction, power, aerospace and defence and cement.
19GF Score

Get the complete analysis for NSE:BLEL

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹457.45
Price