---
title: "HRS Aluglaze Ltd (544656) — Share Price, Financials & Analysis"
symbol: "544656"
company: "HRS Aluglaze Ltd"
canonical: "https://tapetide.com/stocks/544656"
isin: "INE1E1V01017"
nse_symbol: "HRSALUGLAZELTD"
bse_code: "544656"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 498.4
generated_at: "2026-09-13T18:36:50.272Z"
---

# HRS Aluglaze Ltd (544656)

Canonical page: https://tapetide.com/stocks/544656

## Company

- **NSE Symbol:** HRSALUGLAZELTD
- **BSE Code:** 544656
- **ISIN:** INE1E1V01017
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hrsaluglaze.com

## About

Incorporated in 2012, HRS Aluglaze Ltd is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:01.838304Z.

- **Market Cap:** ₹498.4 Cr
- **Classification:** SME
- **P/E (reported):** 48.8
- **Book Value:** ₹39.12
- **Price to Book:** 6.61
- **Dividend Yield:** 0%
- **ROE:** 25.56%
- **ROCE:** 20.5%
- **Debt to Equity:** 0.52
- **Revenue (yearly):** ₹67.53 Cr
- **Net Income:** ₹10.65 Cr
- **EBITDA:** ₹17.94 Cr
- **52-Week High:** ₹292.6
- **52-Week Low:** ₹126
- **RSI (14):** 60.34

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 32.8 days to 158 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 97.95% | 239.61% | 2.89% |
| ebitda margin growth | 3.73% | 86.86% | — |
| net income growth | 108.82% | 127% | — |
| revenue growth | 60.4% | 44% | — |
| roce | 56.25% | 181.98% | — |
| roe | 42.87% | 18.01% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 22 | 26 | 41 |
| Expenses | 18 | 18 | 32 |
| Operating Profit | 4 | 8 | 9 |
| OPM % | 17 | 32 | 23 |
| Other Income | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 2 | 6 | 8 |
| Tax % | 22 | 26 | 26 |
| Net Profit | 1 | 5 | 6 |
| EPS in Rs | 2.07 | 3.25 | 2.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 23 | 27 | 42 | 68 |
| Expenses | 21 | 23 | 31 | 50 |
| Operating Profit | 2 | 4 | 11 | 18 |
| OPM % | 8 | 13 | 25 | 27 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 1 | 2 |
| Profit before tax | 1 | 2 | 7 | 14 |
| Tax % | 29 | 26 | 25 | 26 |
| Net Profit | 1 | 2 | 5 | 10 |
| EPS in Rs | 1.34 | 2.75 | 7.74 | 5.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 6 | 6 | 7 | 19 |
| Reserves | 2 | 3 | 13 | 56 |
| Borrowings | 18 | 24 | 39 | 39 |
| Other Liabilities | 8 | 8 | 22 | 22 |
| Total Liabilities | 34 | 42 | 81 | 137 |
| Fixed Assets | 7 | 28 | 46 | 46 |
| CWIP | 14 | 0 | 0 | 16 |
| Investments | 0 | 0 | 0 | 8 |
| Other Assets | 13 | 14 | 34 | 67 |
| Total Assets | 34 | 42 | 81 | 137 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 1 | 3 | -11 |
| Cash from Investing Activity | -17 | -7 | -20 | -32 |
| Cash from Financing Activity | 19 | 5 | 17 | 43 |
| Net Cash Flow | 0 | 0 | 0 | 0 |
| Free Cash Flow | -16 | -9 | -17 | -34 |
| CFO/OP | -96 | 49 | 31 | -48 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 48 | 62 | 114 | 96 |
| Inventory Days | 78 | 145 | 294 | 398 |
| Days Payable | 110 | 175 | 224 | 154 |
| Cash Conversion Cycle | 16 | 32 | 185 | 340 |
| Working Capital Days | -20 | -33 | -26 | 158 |
| ROCE % | — | 11 | 20 | 19 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 72.49% | 72.49% |
| FIIs | 0% | 4.78% | 2.71% |
| DIIs | 0% | 8.12% | 2.71% |
| Government | 0% | 0% | 0% |
| Public | 0% | 11.71% | 14.31% |
| Others | 0% | 2.89% | 7.79% |
| No. of Shareholders | 8 | 8 | 292 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 8 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 252.56 | Buy |
| EMA (10) | 253.25 | Buy |
| SMA (20) | 252.04 | Buy |
| EMA (20) | 252.25 | Buy |
| SMA (50) | 250 | Buy |
| EMA (50) | 249.59 | Buy |
| SMA (100) | 242.38 | Buy |
| EMA (100) | 242.64 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.17 | Neutral |
| MACD (12,26,9) | 1.26 | Buy |
| Stochastic (14,3,3) | 27.89 | Neutral |
| ADX (14) | 40.72 | Buy |
| Williams %R (14) | -64.94 | Neutral |
| ATR (14) | 3.78 | Neutral |
| ROC (12) | 2.6 | Buy |
| Stoch RSI (14) | 37.63 | Neutral |
| UO (7,14,28) | 45.31 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95aebd0b-9b19-4b9a-9831-044a5a7b2c8e.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62e44154-2051-442b-9bd0-b2840afb3565.pdf) |
| 2026-09-07 | [14Th Annual General Meeting Of The Members Of HRS ALUGLAZE LIMITED](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e6a1620-c0ec-492a-9a8f-1655c1c715f1.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4df16ada-26c0-4cd9-b738-1f91b58ca732.pdf) |
| 2026-09-07 | [14Th Annual General Meeting Of HRS Aluglaze Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6cce45d0-788e-45a2-83bd-599b7e5eceeb.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of HRS Aluglaze Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccd5e441-0daa-48d8-95e0-eb5e6040ef82.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a6262dc-c935-4c73-b55d-4b5a95a8fa1b.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32b35825-f820-4850-8eec-3ada9d313ba6.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d1727fe-0f2f-4161-a4d1-7d5a3bb92f6f.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af9140e7-795d-4b50-a2bc-616823263037.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20a1ddd7-329d-4548-a4b9-32f0e5b6cdaa.pdf) |
| 2026-05-06 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f77ec240-66c0-4312-9c23-d6f0908da6c4.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-22 | [Outcome Of Board Meeting Held Today I.E. Friday May 22 2026 And Submission Of Audited Financial Results For The Half Year And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=765446a9-984a-43b0-b5ba-efae849e5f94.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - HRS Aluglaze won seven domestic orders totaling INR 26.94 crore, executable by September 30, 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Apr - HRS Aluglaze won seven domestic orders totaling INR 26.94 crore, executable by September 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb792ae6-56e1-4b6d-b056-a89a0fec144e.pdf) |
| 6 Feb - Results for the quarter /9 months ended 31.12.2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Results for the quarter /9 months ended 31.12.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1e5ddad-91ab-4653-92fd-a8890c2fc372.pdf) |
| 5 May - FY26 revenue rose 60% to ₹67 crore; order book exceeded ₹142 crore. | [Business Update For Half Yearly & Year Ended March 31 2026 (H2FY26 & FY26) 5 May - FY26 revenue rose 60% to ₹67 crore; order book exceeded ₹142 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d044282e-2380-4f45-962f-c3d9b37bee16.pdf) |
| 5 Feb - Unaudited Q3 & 9M results to 31-Dec-2025: 9M loss Rs149.57 lakh; revenue Rs10,298.61 lakh. | [Board Meeting Outcome for Outcome Of Board Meeting For Unaudited Financial Results For The Quarter/9 Months Ended 31.12.2025. 5 Feb - Unaudited Q3 & 9M results to 31-Dec-2025: 9M loss Rs149.57 lakh; revenue Rs10,298.61 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f228cbf-7eb2-4d87-bd4d-06137b73c8bc.pdf) |
| 31 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results announcement. | [Closure of Trading Window 31 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf98ebd5-357f-49ab-b45c-2a41225ee65e.pdf) |
| 31 Jan - HRS to incorporate Geotrix Pvt Ltd; subscribe 67,000 shares (67%) for ₹6,70,000; authorized capital ₹10,00,000. | [Announcement under Regulation 30 (LODR)-Acquisition 31 Jan - HRS to incorporate Geotrix Pvt Ltd; subscribe 67,000 shares (67%) for ₹6,70,000; authorized capital ₹10,00,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e660350b-ab07-462a-b1d3-7025d163d290.pdf) |
| 30 Apr - HRS Aluglaze won four LOAs totaling ₹11.45 crore, executable over 2 to 20 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Apr - HRS Aluglaze won four LOAs totaling ₹11.45 crore, executable over 2 to 20 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f242023d-d76a-4816-ac58-5655e18d1e3d.pdf) |
| 30 Apr - HRS Aluglaze won four LOAs totaling ₹11.45 crore, executable over 2 to 20 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Apr - HRS Aluglaze won four LOAs totaling ₹11.45 crore, executable over 2 to 20 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f242023d-d76a-4816-ac58-5655e18d1e3d.pdf) |
| 3 Feb - HRS AluGlaze sells façade business unit to Geotrix via slump sale for Rs6.7 crore; agreement dated 03/02/2026. | [Announcement Regulation 30- Agreement For Slump Sale 3 Feb - HRS AluGlaze sells façade business unit to Geotrix via slump sale for Rs6.7 crore; agreement dated 03/02/2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28fd0907-a5eb-4e58-8a07-d124fc350fc5.pdf) |
| 24 Jan - Board meeting on 5 Feb 2026 to approve unaudited results for quarter/9 months ended 31.12.2025; trading window closed 1.1–7.2.2026. | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter/9 Months Ended 31.12.2025. 24 Jan - Board meeting on 5 Feb 2026 to approve unaudited results for quarter/9 months ended 31.12.2025; trading window closed 1.1–7.2.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30b34712-0abc-4479-b16f-4a68427ecf58.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20a1ddd7-329d-4548-a4b9-32f0e5b6cdaa.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/20a1ddd7-329d-4548-a4b9-32f0e5b6cdaa.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f77ec240-66c0-4312-9c23-d6f0908da6c4.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c592887-bfbf-4f8f-a1fe-7989ad98ae5e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbeda82e-1abc-4384-a995-42f0212bf5b2.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab50f014-95ce-484b-9a7e-2b5d5f3722f4.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f1eb546-e6b9-48b3-a656-4ace2049de76.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540961/73822540961.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540961/69677540961.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540961/65803540961.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540961/5409610319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540961/5409610318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:50.272Z.