---
title: "Glass Wall Systems (India) (GLASSWALL) Share Price, Financials & Research"
symbol: "GLASSWALL"
company: "Glass Wall Systems (India) Ltd"
canonical: "https://tapetide.com/stocks/GLASSWALL"
isin: "INE644Q01039"
nse_symbol: "GLASSWALL"
bse_code: "544913"
sector: "Commodities"
industry: "Other Construction Materials"
generated_at: "2026-11-05T01:31:11.178Z"
---

# Glass Wall Systems (India) (GLASSWALL)

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

## Key Facts

- **Price:** ₹244.63 as of 4 Nov 2026, 15:57 IST
- **P/E (TTM):** 23.52 as of 4 Nov 2026
- **Revenue, Sep 2026 quarter:** ₹116 Cr
- **Net profit, Sep 2026 quarter:** ₹23 Cr
- **Promoter holding:** 53.22% in Sep 2026, a change of -10.90 percentage points from Sep 2025

## Company

- **NSE symbol:** GLASSWALL
- **BSE code:** 544913
- **ISIN:** INE644Q01039
- **Macro sector:** Commodities
- **Sector:** Commodities
- **Industry:** Other Construction Materials
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹244.63
- **Change:** No trade today
- **Previous Close:** ₹244.63
- **As of:** 4 Nov 2026, 15:57 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:57 IST · TTM.

- **ROCE:** 64.80%
- **EPS (TTM):** ₹10.40
- **Book Value:** ₹36.38
- **P/E (TTM):** 23.52
- **P/B:** 6.72
- **ROE:** 49.40%
- **Dividend Yield:** 0.00%
- **52W High:** ₹317.90
- **52W Low:** ₹185.20

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.9%
- Debtor days have improved from 63.6 to 40.2 days.

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bullish | 2 | 12 | 5 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Bullish | 0 | 6 | 4 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 57.60 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 60.05 | Neutral |
| ADX (14) | 13.76 | Neutral |
| Williams %R (14) | -9.79 | Bearish |
| ATR (14) | 17.87 | Neutral |
| ROC (12) | 0.84 | Bullish |
| Stoch RSI (14) | 100.00 | Bearish |
| UO (7,14,28) | 65.26 | Neutral |

### Moving Averages: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 220.82 | Bullish |
| EMA (10) | 228.51 | Bullish |
| SMA (20) | 235.96 | Bullish |
| EMA (20) | 236.08 | Bullish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 297.27 | 272.08 | 255.33 |
| R2 | 272.08 | 257.22 | 251.76 |
| R1 | 258.36 | 248.03 | 248.20 |
| PP | 233.17 | 233.17 | 233.17 |
| S1 | 219.45 | 218.31 | 241.06 |
| S2 | 194.26 | 209.12 | 237.50 |
| S3 | 180.54 | 194.26 | 233.93 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 3Y | 21.29% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 75.51% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 3Y | 68.1% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 72.73% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | 3Y | +17.35 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | -1.34 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | Jun 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: |
| Sales | 76 | 109 | 101 | 116 |
| Expenses | 55 | 88 | 80 | 85 |
| Operating Profit | 21 | 21 | 21 | 31 |
| OPM % | 28% | 20% | 21% | 27% |
| Other Income | 5 | 4 | 2 | 2 |
| Interest | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 1 | 2 |
| Profit before tax | 25 | 23 | 21 | 31 |
| Tax % | 24% | 26% | 26% | 26% |
| Net Profit | 19 | 17 | 16 | 23 |
| EPS in Rs | 2.47 | 2.03 | 1.89 | — |

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Sales | 241 | 282 | 245 | 430 |
| Expenses | 229 | 239 | 187 | 334 |
| Operating Profit | 12 | 43 | 58 | 96 |
| OPM % | 5% | 15% | 24% | 22% |
| Other Income | 2 | -10 | 7 | 14 |
| Interest | 8 | 8 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 5 |
| Profit before tax | 2 | 21 | 59 | 102 |
| Tax % | -690% | 44% | 26% | 25% |
| Net Profit | 16 | 12 | 44 | 76 |
| EPS in Rs | 8.29 | 6.15 | 28.85 | 8.97 |
| Dividend Payout % | 0% | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Equity Capital | 19 | 19 | 15 | — |
| Reserves | 83 | 95 | 138 | — |
| Borrowings | 47 | 19 | 8 | — |
| Other Liabilities | 156 | 128 | 136 | — |
| Total Liabilities | 305 | 260 | 298 | — |
| Fixed Assets | 60 | 48 | 50 | — |
| CWIP | 0 | 0 | 8 | — |
| Investments | 0 | 0 | 0 | — |
| Other Assets | 245 | 212 | 240 | — |
| Total Assets | 305 | 260 | 298 | — |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 19 | 34 | 67 | — |
| Cash from Investing Activity | 3 | 11 | -55 | — |
| Cash from Financing Activity | -22 | -38 | -19 | — |
| Net Cash Flow | 0 | 7 | -7 | — |
| Free Cash Flow | 16 | 31 | 58 | — |
| CFO/OP | 122 | 76 | 121 | — |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Debtor Days | 111 | 80 | 71 | — |
| Inventory Days | 56 | 72 | 145 | — |
| Days Payable | 121 | 94 | 115 | — |
| Cash Conversion Cycle | 46 | 58 | 100 | — |
| Working Capital Days | -38 | 4 | 21 | — |
| ROCE % | — | 31% | 41% | — |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Sep 2025 | Sep 2026 |
| --- | ---: | ---: |
| Promoters | 64.12% | 53.22% |
| FIIs | 0.00% | 1.93% |
| DIIs | 0.00% | 16.46% |
| Government | 0.00% | 0.00% |
| Public | 0.00% | 13.30% |
| Others | 35.88% | 15.09% |
| No. of Shareholders | 11 | 1,03,578 |

## Documents

### Concalls

| Month | Call documents |
| --- | --- |
| Oct 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a35fa89-d49c-42d7-afdf-ea20096542bb.pdf), [Recording](https://www.glasswallsystems.in/stock-exchange-uploads/investor-call-recording.mp3) |

### Results

| Date | Document |
| --- | --- |
| 3 Nov 2026 | [Unaudited (Standalone And Consolidated) Financial Results For The Quarter & Half Year Ended September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0aa157d-d0ef-4d46-93d5-ec730aaf171a.pdf) |
| 6 Oct 2026 | [Unaudited Standalone And Consolidated Financial Results Of Glass Wall Systems (India) Limited For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab9978db-2926-4d2e-84a0-f370dbede921.pdf) |

### Credit ratings

| Date | Document |
| --- | --- |
| 25 Sep 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/GlassWallSystemsIndiaLimited_September%2025_%202026_RR_405957.html) |
| 16 Apr 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/GlassWallSystemsIndiaLimited_April%2016_%202026_RR_393792.html) |
| 2 Apr 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/GlassWallSystemsIndiaLimited_April%2002_%202026_RR_385337.html) |

### Exchange filings

Latest 12 of 26.

| Date | Document | Category |
| --- | --- | --- |
| 3 Nov 2026 | [Board Meeting Outcome for Unaudited (Standalone And Consolidated) Financial Results For The Quarter & Half Year Ended September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e1e592d-0fde-4013-95ee-1d18e745b721.pdf) | Outcome |
| 3 Nov 2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ba840c4-6c5a-4219-944b-27e2f4499709.pdf) | General announcements |
| 3 Nov 2026 | [Statement Of Deviation Or Variation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0130096-e1e2-4c8c-b3e9-bef35f350517.pdf) | Compliance |
| 3 Nov 2026 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d976e32-414c-4511-b988-52f27f12f058.pdf) | — |
| 28 Oct 2026 | [Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results For The Quarter & Half Year Ended September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d993b060-4e21-428d-95ab-eb842ffe9e01.pdf) | Intimation |
| 28 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c3a995f-6456-4ef7-b35f-a7f54ef796c2.pdf) | General announcements |
| 15 Oct 2026 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25d92997-736f-414f-bd37-70c83ffcc4f7.pdf) | General announcements |
| 13 Oct 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=feeb0817-21cb-46a3-8614-6e1130bd8ebd.pdf) | — |
| 8 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfdba83a-a3e1-4c97-8efa-d37cb0236696.pdf) | General announcements |
| 7 Oct 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6e9cb60-7a63-4a57-923e-694dab491ae7.pdf) | General announcements |
| 7 Oct 2026 | [Intimation For Change In Corporate Identification Number (CIN) And Listing Status Of Glass Wall Systems (India) Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89dc019c-a66c-4141-98c1-a82b01d6b3b5.pdf) | General announcements |
| 7 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79b09584-d4b6-43bc-af23-5b12c278a217.pdf) | — |

## Frequently Asked Questions about Glass Wall Systems (India)

### What does Glass Wall Systems (India) Ltd do?

Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations across the world.

### Where is Glass Wall Systems (India) Ltd (GLASSWALL) listed?

Glass Wall Systems (India) Ltd trades as GLASSWALL on the NSE and under code 544913 on the BSE.

### Which sector does Glass Wall Systems (India) Ltd belong to?

Glass Wall Systems (India) Ltd is classified under the Commodities sector, in the Other Construction Materials industry.

### What is the PE ratio of Glass Wall Systems (India) Ltd?

Glass Wall Systems (India) Ltd trades at a PE ratio of 23.52 as of 4 Nov 2026, on earnings per share of ₹10.4, against a book value of ₹36.38 per share.

### What is the 52-week high and low of Glass Wall Systems (India) Ltd?

Over the last 52 weeks Glass Wall Systems (India) Ltd has traded between ₹185.2 and ₹317.9 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Glass Wall Systems (India) Ltd?

Glass Wall Systems (India) Ltd reported a return on equity of 49.40%.

## Company Information

Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations across the world.

- **Website:** https://glasswallsystems.in/
- **Listed:** 16 Sep 2026
- **Face Value:** ₹2

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:01 IST.