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HLE Glascoat Limited HLEGLAS NSEINFRA

Industrials · Specialty Industrial Machinery · India
https://www.hleglascoat.com
Company Profile ↓
₹333.65
-25.09% 1Y
Mkt Cap₹2,317.36 Cr
P/E46.34
P/B6.00
Div. Yield0.24%
52W High₹645.00
52W Low₹251.00
Book Value₹76.87
EPS (TTM)₹7.20

Company Overview

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.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 13.6% CAGR over the past five years.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹1,352.98 Cr (+31.7% YoY); net profit ₹49.42 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +31.7%, earnings -9.9%.
  • 5-Year Trend Long-term compounding — revenue CAGR 13.6%, profit CAGR -10.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:13.56%
1 Year:31.67%

Compounded Profit Growth

5 Years:-10.88%
1 Year:-9.90%

Stock Price Performance

1 Year:-25.09%
6 Months:+8.19%
3 Months:-10.27%
1 Month:-26.57%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 21% of range
₹251.00 ₹645.00
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)45.09 · Neutral
Price Performance
1M-26.57%
3M-10.27%
6M+8.19%
1Y-25.09%
Valuation vs Sector

P/E of 46.34 is above the sector median of 28.90 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 13.6% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -10.9% CAGR over 5 years.
  • Trading 48.3% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
46.34
Industry PE
28.90
Forward P/E est.
51.43
PEG Ratio
-
Book Value
₹76.87
Price to Book
6.00
P/S
2.40
EV/EBITDA
25.61
Dividend Yield
0.24%

Growth (CAGR)

Revenue 5Y
13.56%
Profit 5Y
-10.88%
Revenue (YoY)
31.67%
Earnings (YoY)
-9.90%

Profitability & Returns

ROCE
13.55%
ROE
9.26%
ROA
3.58%
Profit Margin
3.65%
Op Margin
7.63%
Gross Margin
53.17%
EPS (Latest Qtr)
₹2.65
EPS (TTM)
₹7.20

Balance Sheet & Liquidity

Debt/Equity
0.65
Quick Ratio
0.60
Current Ratio
1.19
Debt
₹347.60 Cr
Total Assets
₹1,381.80 Cr
Current Assets
₹716.33 Cr
Working Capital
₹112.60 Cr

Ownership

Promoter Holding
73.86%
Chg in Prom Hold
1.09%
FII / Inst Holding
5.38%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
₹2,317.36 Cr
Total Revenue (TTM)
₹1,352.98 Cr
EBITDA
₹141.85 Cr
Free Cash Flow
₹105.56 Cr
Operating Cash Flow
₹161.22 Cr
Shares Outstanding
₹6.95 Cr
Gross Margin
53.17%
Payout Ratio
15.28%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HLEGLAS HLE Glascoat Limited NSEINFRA 333.65 46.34 ₹2,317.36 Cr 0.24% 13.55% 9.26% 13.56% -10.88%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,964.10 33.92 ₹5.45 L Cr 0.94% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,707.30 29.32 ₹3.93 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,856.00 35.63 ₹3.25 L Cr 0.41% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 405.35 48.90 ₹2.96 L Cr 0.63% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,977.00 -80.43 ₹1.92 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 7,410.00 94.12 ₹1.57 L Cr 0.51% 28.45% 21.29% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 431.10 93.72 ₹1.50 L Cr 0.34% 6.60% 6.12% 13.49% 35.91%
9 SIEMENS Siemens Limited NSEAIINFRA 3,977.00 51.47 ₹1.42 L Cr 0.46% 16.46% 19.90% 3.04% 10.90%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 298.00 Cr197.00 Cr224.00 Cr239.00 Cr307.00 Cr227.00 Cr--333.71 Cr283.95 Cr350.78 Cr326.57 Cr391.69 Cr
Cost of Revenue --------160.38 Cr128.11 Cr172.68 Cr151.08 Cr180.61 Cr
Gross Profit --------173.33 Cr155.83 Cr178.09 Cr175.48 Cr211.08 Cr
Operating Expenses 254.00 Cr174.00 Cr198.00 Cr215.00 Cr270.00 Cr205.00 Cr--129.07 Cr126.59 Cr148.47 Cr164.28 Cr177.86 Cr
Operating Income 38.00 Cr17.00 Cr20.00 Cr18.00 Cr29.00 Cr15.00 Cr--44.26 Cr29.24 Cr29.63 Cr11.20 Cr33.23 Cr
EBITDA 44.00 Cr23.00 Cr26.00 Cr25.00 Cr36.00 Cr22.00 Cr--54.24 Cr39.85 Cr37.08 Cr21.41 Cr43.50 Cr
Interest Expense 9.00 Cr5.00 Cr6.00 Cr10.00 Cr10.00 Cr9.00 Cr--9.32 Cr8.60 Cr9.33 Cr7.86 Cr8.66 Cr
Pretax Income 33.00 Cr13.00 Cr16.00 Cr8.00 Cr21.00 Cr7.00 Cr--37.20 Cr22.89 Cr19.16 Cr3.65 Cr25.25 Cr
Tax Provision 9.90 Cr3.77 Cr5.28 Cr2.16 Cr6.30 Cr1.54 Cr--5.56 Cr5.03 Cr5.20 Cr-94.76 L5.10 Cr
Net Income 23.00 Cr9.00 Cr11.00 Cr6.00 Cr15.00 Cr5.00 Cr--27.34 Cr14.76 Cr11.99 Cr2.83 Cr18.19 Cr
Diluted EPS 3.341.361.470.441.450.50--3.982.161.760.412.65

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 359.00 Cr426.00 Cr484.00 Cr-923.77 Cr961.84 Cr1,027.53 Cr1,352.98 Cr
Cost of Revenue ----455.53 Cr468.87 Cr450.38 Cr633.63 Cr
Gross Profit ----468.24 Cr492.97 Cr577.15 Cr719.35 Cr
Operating Expenses 313.00 Cr354.00 Cr392.00 Cr-350.61 Cr399.56 Cr474.11 Cr616.05 Cr
Operating Income 40.00 Cr66.00 Cr84.00 Cr-117.63 Cr93.41 Cr103.04 Cr103.30 Cr
EBITDA 47.00 Cr73.00 Cr93.00 Cr-142.10 Cr115.18 Cr140.93 Cr141.85 Cr
Interest Expense 15.00 Cr13.00 Cr11.00 Cr-20.08 Cr30.19 Cr36.19 Cr34.45 Cr
Pretax Income 28.00 Cr57.00 Cr77.00 Cr-99.33 Cr58.68 Cr75.07 Cr70.95 Cr
Tax Provision 9.24 Cr17.67 Cr23.87 Cr-29.52 Cr17.79 Cr13.30 Cr14.38 Cr
Net Income 19.00 Cr39.00 Cr53.00 Cr-69.81 Cr29.69 Cr54.85 Cr49.42 Cr
Diluted EPS 5.505.918.00-10.225.997.997.20

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 294.00 Cr335.00 Cr377.00 Cr-894.48 Cr1,201.96 Cr1,293.36 Cr1,381.80 Cr
Current Assets ----559.21 Cr619.80 Cr648.81 Cr716.33 Cr
Cash & Equivalents ----2.68 Cr33.29 Cr39.59 Cr34.36 Cr
Inventory ----268.47 Cr312.15 Cr369.50 Cr355.76 Cr
Receivables ----242.80 Cr237.18 Cr184.90 Cr269.89 Cr
Total Liabilities ----567.65 Cr705.25 Cr739.08 Cr763.55 Cr
Current Liabilities ----406.73 Cr487.31 Cr568.40 Cr603.73 Cr
Long Term Debt ----91.84 Cr146.71 Cr109.26 Cr100.65 Cr
Total Debt 115.00 Cr100.00 Cr96.00 Cr-250.23 Cr389.62 Cr380.65 Cr347.60 Cr
Total Equity 41.00 Cr76.00 Cr133.00 Cr-326.70 Cr416.80 Cr459.31 Cr533.92 Cr
Shares Outstanding ----6.83 Cr6.83 Cr6.83 Cr6.95 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 49.00 Cr45.00 Cr48.00 Cr-4.88 Cr94.73 Cr134.36 Cr161.22 Cr
Investing Cash Flow -15.00 Cr-19.00 Cr-29.00 Cr--40.42 Cr-45.47 Cr-68.38 Cr-85.91 Cr
Financing Cash Flow -29.00 Cr-30.00 Cr-10.00 Cr-13.29 Cr-18.67 Cr-59.67 Cr-84.89 Cr
Capital Expenditure -16.00 Cr-23.00 Cr-28.00 Cr--48.46 Cr-55.17 Cr-66.39 Cr-55.66 Cr
Free Cash Flow 33.00 Cr22.00 Cr20.00 Cr--43.59 Cr39.56 Cr67.98 Cr105.56 Cr
Net Change in Cash 5.00 Cr-5.00 Cr9.00 Cr--22.25 Cr30.59 Cr6.31 Cr-9.58 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ----50.7%51.3%56.2%53.2%
Operating Margin % 11.1%15.5%17.4%-12.7%9.7%10.0%7.6%
Net Margin % 5.3%9.2%11.0%-7.6%3.1%5.3%3.7%
ROE % 46.3%51.3%39.8%-21.4%7.1%11.9%9.3%
ROCE % ----24.1%13.1%14.2%13.3%

Shareholding Pattern

Insiders
73.86%
Institutions
5.38%
Public Float
20.57%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for HLEGLAS

Google News Fri, 13 Feb 2026

HLE Glascoat Limited (NSE:HLEGLAS) CEO Himanshu Patel, the company's largest shareholder sees 11% reduction in holdings value - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi2wFBVV95cUxOYU9FNlNOMmd4QVpTMV9reGo2TjNQQjlHcXUyNHpqQks4YTU5ejVDSUpkVUU4YmFtX2VVdjVTVjRXaGZlX2FkVjdRUC1IMEt6b2pOQmswcUV4b0kwQ2E4a1M4enhXRDZSYzlrQ05VVm83YTRIekpTT0ZfTjZxcnFyQ1FncW9RdUxlU2xZOX…

Google News hu, 04 Jun 2026

HLE Glascoat Faces Selling Pressure: Key Support at ₹362.95 in Focus - Factor Momentum - vinanet.vn

<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxNTW5wTml4eXFjbWM4OGdYVlNVU1pOdGEzbVJqSEstUlVGQXhUeEVLZ1hMTXRadHVNTXoxaWcxaWJEblZWbGNRM2ZVQko5SUtkNUl1bVVaQU50MkR6aFRsWFFKeHhDMUhlNE05eHE0ZVk4c0NSRGJLUWFHZ2owN0dxSGRZOUk3U000LVZkNl…

Google News hu, 06 Aug 2026

HLE Glascoat Share Price Today: 8.57% Rise, Key Analysis - Univest

<a href="https://news.google.com/rss/articles/CBMieEFVX3lxTE5lZ1VmQmxvNHZ3V2YtTi10NjBZMjZrNVk3d1pfSzFMclk3X3ZWNkt5RTFqeFhGSVREbFpZR29jc3VEaDB4WUg4aHJ5d0VMRllsR2hfTmhmNTlYS2J5NGFhX2JLTXcxVmdpRTl2eTRuUEo5dk9WTGExVw?oc=5" target="_blank">HLE G…

Google News ue, 11 Aug 2026

HLE Glascoat consolidated net profit declines 81.23% in the June 2026 quarter - Business Standard

<a href="https://news.google.com/rss/articles/CBMi7wFBVV95cUxNUjVMQ1JFeTdLaGhtOFotTDJBRG13ZkE5MEhqVUhKYk9BQUg0UENjdEhQMUpKRVNhU3ctWkh2czFrUm9hallKSXlnUXRLLVNxcFlmc3p2OEJDOWtvTGpjRzdzazAtOG9oYUNLQU9Lb2pIVkpLZDlPa1NHaDVCcnBJWm9aNVR6d0p3dzJoZ2…

Google News Wed, 24 Jun 2026

HLE Glascoat Ltd (HLEGLAS.NS): Stock consolidates near support after marginal decline - Triangle Correction - vinanet.vn

<a href="https://news.google.com/rss/articles/CBMivwFBVV95cUxOa2RkY2RGRGFkdjg1QTk1NEE2QzF0RzNkMy0tYnUxV2laVEdwVUhKSDJkQjFZbWd3RVlORGhCUUhfNERmampRLV8zNlB1Q1RjcnV6bExEUGN2Qm5pVHJPdEEtTm1OMWhlMmNJSEk3Q2hMTEFvOUkyQ2FOMWlORHl1MHdnQ3FfakhKZVpHUF…

Google News Mon, 15 Jun 2026

Why Is HLE Glascoat Share Price Falling Key Reasons 2026 - Univest

<a href="https://news.google.com/rss/articles/CBMickFVX3lxTFBXeHZEUjJLZ0xiTFpvTWZERF8taXpmRU5weDBmV0VFR0VGdGlUOXRVdEVobk8xTmR4WjFvdEFlOHRmTDdZdTNWb1BPTVpNbV9JakE1QTZuTkhUbmptcHZ0YWw4R01Fb0pSNHJPdVUxMDMtZw?oc=5" target="_blank">Why Is HLE Gl…

HLEGLAS — Frequently Asked Questions

What is the current share price of HLE Glascoat Limited (HLEGLAS)?

As of 2026-09-08 04:53 IST, HLE Glascoat Limited (HLEGLAS) trades at ₹333.65 on NSE. Its 52-week range is ₹251.00 to ₹645.00.

What is the market capitalisation of HLEGLAS?

HLE Glascoat Limited (HLEGLAS) has a market capitalisation of ₹2,317.36 Cr on NSE.

What is the P/E ratio of HLEGLAS?

HLEGLAS trades at a trailing price-to-earnings (P/E) ratio of 46.34. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 6.00.

Does HLEGLAS pay a dividend?

HLE Glascoat Limited (HLEGLAS) currently offers a dividend yield of 0.24%.

What is the return on equity (ROE) of HLEGLAS?

HLEGLAS has a return on equity (ROE) of 9.26%. Its return on capital employed (ROCE) is 13.55%.

Is HLEGLAS a good stock to buy?

This page provides a data-driven analysis of HLE Glascoat Limited (HLEGLAS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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