HLE Glascoat Limited HLEGLAS NSEINFRA
HLE Glascoat Limited manufactures and sells carbon steel glass lined equipment in India and internationally. It operates through Filtration, Drying and Other Equipment; Glass Lined Equipment; and Heat Transfer Equipment segments. The Filtration, Drying and Other Equipment segment offers agitated nutsche filter-dryers, rotary vacuum paddle dryers, kilo-lab filter dryers, rapid disc dryer-coolers, orbicular dryers, and other chemical process equipment, as well as related spares and accessories. Its Glass Lined Equipment segment produces reactors, heat exchangers, storage vessels and receivers, storage tanks, columns, agitators, valves, pipes and fittings, and other similar equipment, as well as related spares and accessories. The Heat Transfer Equipment segment manufactures shell and tube, corrugated, spiral, plate heat, and box type heat exchangers; and condensing systems. It also offers exotic metal and cGMP pharma model products. The company serves the pharmaceutical, agrochemicals; specialty and fine chemicals; dyes, pigments, and intermediates; paints and coatings; bulk chemicals; active pharmaceutical ingredients; nutraceutical; food and food flavours; oil and gas; mineral processing; aerospace; marine; petrochemicals; fertilizers; steel; paper; and textile industries. The company was formerly known as Swiss Glascoat Equipments Limited and changed its name to HLE Glascoat Limited in December 2019. HLE Glascoat Limited was founded in 1981 and is based in Anand, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 13.6% over 5 years.
- Generates positive free cash flow.
CONS
- Earnings shrank at -10.9% CAGR over 5 years.
- Trading 50.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HLEGLAS HLE Glascoat Limited NSEINFRA | 319.75 | 44.47 | ₹2,220.82 Cr | 0.34% | 13.55% | 9.65% | 13.56% | -10.88% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 333.71 Cr | 283.95 Cr | 350.78 Cr | 326.57 Cr | 391.69 Cr |
| Cost of Revenue | - | - | 160.38 Cr | 128.11 Cr | 172.68 Cr | 151.08 Cr | 180.61 Cr |
| Gross Profit | - | - | 173.33 Cr | 155.83 Cr | 178.09 Cr | 175.48 Cr | 211.08 Cr |
| Operating Expenses | - | - | 129.07 Cr | 126.59 Cr | 148.47 Cr | 164.28 Cr | 177.86 Cr |
| Operating Income | - | - | 44.26 Cr | 29.24 Cr | 29.63 Cr | 11.20 Cr | 33.23 Cr |
| EBITDA | - | - | 54.24 Cr | 39.85 Cr | 37.08 Cr | 21.41 Cr | 43.50 Cr |
| Interest Expense | - | - | 9.32 Cr | 8.60 Cr | 9.33 Cr | 7.86 Cr | 8.66 Cr |
| Pretax Income | - | - | 37.20 Cr | 22.89 Cr | 19.16 Cr | 3.65 Cr | 25.25 Cr |
| Tax Provision | - | - | 5.56 Cr | 5.03 Cr | 5.20 Cr | -94.76 L | 5.10 Cr |
| Net Income | - | - | 27.34 Cr | 14.76 Cr | 11.99 Cr | 2.83 Cr | 18.19 Cr |
| Diluted EPS | - | - | 3.98 | 2.16 | 1.76 | 0.41 | 2.65 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 923.77 Cr | 961.84 Cr | 1,027.53 Cr | 1,352.98 Cr |
| Cost of Revenue | - | 455.53 Cr | 468.87 Cr | 450.38 Cr | 633.63 Cr |
| Gross Profit | - | 468.24 Cr | 492.97 Cr | 577.15 Cr | 719.35 Cr |
| Operating Expenses | - | 350.61 Cr | 399.56 Cr | 474.11 Cr | 616.05 Cr |
| Operating Income | - | 117.63 Cr | 93.41 Cr | 103.04 Cr | 103.30 Cr |
| EBITDA | - | 142.10 Cr | 115.18 Cr | 140.93 Cr | 141.85 Cr |
| Interest Expense | - | 20.08 Cr | 30.19 Cr | 36.19 Cr | 34.45 Cr |
| Pretax Income | - | 99.33 Cr | 58.68 Cr | 75.07 Cr | 70.95 Cr |
| Tax Provision | - | 29.52 Cr | 17.79 Cr | 13.30 Cr | 14.38 Cr |
| Net Income | - | 69.81 Cr | 29.69 Cr | 54.85 Cr | 49.42 Cr |
| Diluted EPS | - | 10.22 | 5.99 | 7.99 | 7.20 |
Compounded Sales Growth
| 5 Years: | 13.56% |
| 1 Year: | 17.10% |
Compounded Profit Growth
| 5 Years: | -10.88% |
| 1 Year: | -47.50% |
Stock Price Performance
| 1 Year: | -23.83% |
| 6 Months: | -28.89% |
| 3 Months: | +0.28% |
| 1 Month: | -1.48% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 894.48 Cr | 1,201.96 Cr | 1,293.36 Cr | 1,381.80 Cr |
| Current Assets | - | 559.21 Cr | 619.80 Cr | 648.81 Cr | 716.33 Cr |
| Cash & Equivalents | - | 2.68 Cr | 33.29 Cr | 39.59 Cr | 34.36 Cr |
| Inventory | - | 268.47 Cr | 312.15 Cr | 369.50 Cr | 355.76 Cr |
| Receivables | - | 242.80 Cr | 237.18 Cr | 184.90 Cr | 269.89 Cr |
| Total Liabilities | - | 567.65 Cr | 705.25 Cr | 739.08 Cr | 763.55 Cr |
| Current Liabilities | - | 406.73 Cr | 487.31 Cr | 568.40 Cr | 603.73 Cr |
| Long Term Debt | - | 91.84 Cr | 146.71 Cr | 109.26 Cr | 100.65 Cr |
| Total Debt | - | 250.23 Cr | 389.62 Cr | 380.65 Cr | 347.60 Cr |
| Total Equity | - | 326.70 Cr | 416.80 Cr | 459.31 Cr | 533.92 Cr |
| Shares Outstanding | - | 6.83 Cr | 6.83 Cr | 6.83 Cr | 6.95 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 4.88 Cr | 94.73 Cr | 134.36 Cr | 161.22 Cr |
| Investing Cash Flow | - | -40.42 Cr | -45.47 Cr | -68.38 Cr | -85.91 Cr |
| Financing Cash Flow | - | 13.29 Cr | -18.67 Cr | -59.67 Cr | -84.89 Cr |
| Capital Expenditure | - | -48.46 Cr | -55.17 Cr | -66.39 Cr | -55.66 Cr |
| Free Cash Flow | - | -43.59 Cr | 39.56 Cr | 67.98 Cr | 105.56 Cr |
| Net Change in Cash | - | -22.25 Cr | 30.59 Cr | 6.31 Cr | -9.58 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 50.7% | 51.3% | 56.2% | 53.2% |
| Operating Margin % | - | 12.7% | 9.7% | 10.0% | 7.6% |
| Net Margin % | - | 7.6% | 3.1% | 5.3% | 3.7% |
| ROE % | - | 21.4% | 7.1% | 11.9% | 9.3% |
| ROCE % | - | 24.1% | 13.1% | 14.2% | 13.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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