HLE Glascoat
HLEGLAS NSE
HLE Glascoat
Capital GoodsNSE: HLEGLAS BSE: 522215 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹2,572 Cr
Volatility
Moderate
P/E Ratio
78.36
EBITDA
₹149 Cr
Return on Equity
9.15%
Debt to Equity
0.65
Book Value
₹76.87
EPS
₹4.29
52W High
₹661.95
52W Low
₹250
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has been maintaining a healthy dividend payout of 18.2%
- Company's working capital requirements have reduced from 19.0 days to 14.5 days
Weaknesses
3- Stock is trading at 5.26 times its book value
- Company has a low return on equity of 10.6% over last 3 years.
- Promoter holding has decreased over last 3 years: -4.68%
Growth Rate
Revenue Growth
31.47% higher than
3Y
Net Income Growth
-8.41% lower than
3Y
Cash Flow Change
19.99% lower than
3Y
ROE
-17.86% lower than
3Y
ROCE
-11.9% lower than
3Y
EBITDA Margin (Avg.)
-19.84% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 197 | 224 | 239 | 307 | 227 | 236 | 231 | 334 | 284 | 351 | 327 | 392 | 301 |
| Expenses | 174 | 198 | 215 | 270 | 205 | 202 | 205 | 282 | 246 | 313 | 305 | 349 | 280 |
| Operating Profit | 23.19 | 26.46 | 24.68 | 36.49 | 21.85 | 34.1 | 25.64 | 52 | 37.6 | 38.24 | 21.1 | 42.83 | 20.93 |
| OPM % | 11.76% | 11.79% | 10.32% | 11.89% | 9.62% | 14.46% | 11.1% | 15.58% | 13.24% | 10.9% | 6.46% | 10.93% | 6.96% |
| Other Income | 0.68 | 1.52 | 0.59 | 1.97 | 1.78 | 1.39 | 1.93 | 2.25 | 2.25 | -1.15 | 0.31 | 0.68 | 1.7 |
| Interest | 4.78 | 5.77 | 9.7 | 10.34 | 9.44 | 8.65 | 8.78 | 9.32 | 8.6 | 9.33 | 7.86 | 8.66 | 8.36 |
| Depreciation | 5.96 | 6.07 | 7.33 | 6.95 | 7.26 | 7.3 | 7.38 | 7.73 | 8.36 | 8.6 | 9.9 | 9.6 | 9.9 |
| PBT | 13.13 | 16.14 | 8.24 | 21.17 | 6.93 | 19.54 | 11.41 | 37.2 | 22.89 | 19.16 | 3.65 | 25.25 | 4.37 |
| Tax % | 29.17% | 33.02% | 27.43% | 30.04% | 21.79% | 26.15% | 9.82% | 14.95% | 21.93% | 27.14% | -26.03% | 20.2% | 52.86% |
| Net Profit | 9.29 | 10.82 | 5.97 | 14.8 | 5.42 | 14.42 | 10.28 | 31.64 | 17.86 | 13.96 | 4.6 | 20.15 | 2.05 |
| EPS in Rs | 1.36 | 1.47 | 0.44 | 1.45 | 0.5 | 1.86 | 1.24 | 2.98 | 2.16 | 1.73 | 0.41 | 2.62 | 0.4 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 359 | 426 | 484 | 652 | 932 | 968 | 1,028 | 1,353 | 1,370 |
| Expenses | 313 | 354 | 392 | 541 | 793 | 854 | 892 | 1,211 | 1,247 |
| Operating Profit | 47 | 73 | 93 | 111 | 139 | 114 | 136 | 142 | 123 |
| OPM % | 13% | 17% | 19% | 17% | 15% | 12% | 13% | 11% | 9% |
| Other Income | 2 | 5 | 4 | -1 | 8 | 4 | 8 | 2 | 2 |
| Interest | 15 | 13 | 11 | 14 | 25 | 33 | 39 | 37 | 34 |
| Depreciation | 7 | 7 | 9 | 11 | 23 | 26 | 30 | 36 | 38 |
| PBT | 28 | 57 | 77 | 84 | 99 | 59 | 75 | 71 | 52 |
| Tax % | 33% | 31% | 31% | 31% | 30% | 30% | 18% | 20% | — |
| Net Profit | 19 | 39 | 53 | 58 | 70 | 41 | 62 | 57 | 41 |
| EPS in Rs | 5.5 | 5.91 | 8 | 8.52 | 10.23 | 4.35 | 8.03 | 7.12 | 5.16 |
| Div. Payout % | 0% | 15% | 10% | 12% | 11% | 25% | 14% | 15% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 13 | 13 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 35 | 63 | 122 | 239 | 312 | 403 | 464 | 520 |
| Borrowings | 115 | 100 | 93 | 218 | 258 | 390 | 379 | 348 |
| Other Liabilities | 138 | 159 | 149 | 289 | 311 | 395 | 431 | 486 |
| Total Liabilities | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,368 |
| Fixed Assets | 85 | 94 | 120 | 245 | 318 | 541 | 593 | 627 |
| CWIP | 4 | 10 | 3 | 31 | 3 | 19 | 5 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 205 | 231 | 254 | 483 | 573 | 641 | 690 | 737 |
| Total Assets | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,368 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 49 | 45 | 48 | 1 | 5 | 95 | 134 | 161 |
| Investing | -15 | -19 | -29 | -146 | -40 | -45 | -68 | -82 |
| Financing | -29 | -30 | -10 | 160 | 13 | -19 | -60 | -85 |
| Net Cash Flow | 5 | -5 | 9 | 14 | -22 | 31 | 6 | -5 |
| Free Cash Flow | 33 | 22 | 20 | -67 | -36 | 40 | 68 | 108 |
| CFO/OP | 119 | 79 | 75 | 31 | 27 | 106 | 110 | 125 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 38 | 52 | 83 | 95 | 89 | 66 | 73 |
| Inventory Days | 244 | 264 | 228 | 307 | 229 | 259 | 299 | 205 |
| Days Payable | 119 | 130 | 111 | 150 | 98 | 92 | 88 | 85 |
| Cash Conversion Cycle | 159 | 172 | 168 | 240 | 226 | 257 | 277 | 193 |
| Working Capital Days | -2 | 16 | 34 | 60 | 53 | 33 | 10 | 15 |
| ROCE % | — | 42% | 43% | 30% | 24% | 13% | 13% | 12% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view HLE Glascoat insights
64 extracted metrics + investor summaries across FY10–FY26.
Documents
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Aug - HLE Glascoat reported Q1FY27 revenue of ₹300.8 Cr, PAT ₹2.1 Cr, and order book of ₹713.8 Cr. 10 Aug - HLE Glascoat reported Q1FY27 revenue of ₹300.8 Cr, PAT ₹2.1 Cr, and order book of ₹713.8 Cr.
5
Board Meeting Intimation for Approval Of The Audited Standalone As Well As Consolidated Financial Results For FY 2025-26 And
Recommendation Of Dividend, If Any, On The Equity Shares For FY 2025-26
8 May - Board meets 18 May 2026 to approve FY26 results and consider dividend; trading window closed from 1 April 2026. 8 May - Board meets 18 May 2026 to approve FY26 results and consider dividend; trading window closed from 1 April 2026.
Frequently Asked Questions about HLE Glascoat
What does HLE Glascoat Ltd do?
HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country.[1]
Where is HLE Glascoat Ltd (HLEGLAS) listed?
HLE Glascoat Ltd trades as HLEGLAS on the NSE and under code 522215 on the BSE.
Which sector does HLE Glascoat Ltd belong to?
HLE Glascoat Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of HLE Glascoat Ltd?
HLE Glascoat Ltd has a market capitalisation of ₹2,572 Cr, which places it in the Small Cap band.
What is the PE ratio of HLE Glascoat Ltd?
HLE Glascoat Ltd trades at a PE ratio of 78.36, on earnings per share of ₹4.29, against a book value of ₹76.87 per share.
What is the 52-week high and low of HLE Glascoat Ltd?
Over the last 52 weeks HLE Glascoat Ltd has traded between ₹250 and ₹661.95.
Does HLE Glascoat Ltd pay dividends?
HLE Glascoat Ltd has a dividend yield of 0.30%.
What is the Return on Equity (ROE) of HLE Glascoat Ltd?
HLE Glascoat Ltd reported a return on equity of 9.15%. Its debt-to-equity ratio is 0.65.
Company Information
HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country.[1]
Website glascoat.com
CEO Mr. Himanshu Khushalbhai Patel
Employees 687
Listed 2023-02-09
Face Value ₹ 2
Issued Size 6,94,54,739
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/HLEGLAS.md for HLE Glascoat Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.