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HLE Glascoat

HLEGLAS NSE
₹413.05 −11.10 (−2.62%)
P/E
80.05
View as Markdown
MCP
Close 4 Nov 2026 ₹413.05 −178.70 −30.2% 1Y
Start ₹591.75

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.10%
Debt to Equity
0.65
EPS (TTM)
₹5.16
Book Value
₹78.28
Market Cap
—
P/E (TTM)
80.05
P/B
5.28
ROE
10.60%
Dividend Yield
0.26%
EBITDA
₹149 Cr
52W High
₹628.20
52W Low
₹250.00
Day Range
₹402.95 – ₹422.00
Volume
3,03,732

Peer Comparison

Industrials › Capital Goods › Industrial Products

HLE Glascoat peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
HLE Glascoat (this company)
₹413.0580.05₹2,862 Cr5.280.26%10.60%12.10%₹1,370 Cr₹41 Cr
Median 8 companies₹2,421.3079.62₹24,483 Cr7.850.16%13.30%16.90%₹3,690 Cr₹373 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
66
Good
Sales & profit trajectory 9% weight
Financial Health
25
Poor
Solvency, leverage, coverage 9% weight
Momentum
56
Good
Trend strength, vol-adjusted 12% weight
Ownership
40
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

2
  • Stock is trading at 5.56 times its book value
  • Company has a low return on equity of 10.6% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1711
OscillatorsNeutral171
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
51.27
Neutral
MACD (12,26,9)
1.26
Bullish
SMA (50)
394.26
Bullish
SMA (200)
364.73
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+22.83%
3Y+13.23%
1Y+31.61%
TTM+26.31%

Net profit

Net profit growth by window
5Y+1.47%
3Y−6.62%
1Y−8.06%
TTM−45.07%

Operating cash flow

Operating cash flow growth by window
5Y+27.38%
3Y+218.14%
1Y+20.15%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−8.71 pp
3Y−4.41 pp
1Y−2.73 pp
TTM−4.78 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹359 Cr
Mar 2020₹426 Cr
Mar 2021₹484 Cr
Mar 2022₹652 Cr
Mar 2023₹932 Cr
Mar 2024₹968 Cr
Mar 2025₹1,028 Cr
Mar 2026₹1,353 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹19.00 Cr
Mar 2020₹39.00 Cr
Mar 2021₹53.00 Cr
Mar 2022₹58.00 Cr
Mar 2023₹70.00 Cr
Mar 2024₹41.00 Cr
Mar 2025₹62.00 Cr
Mar 2026₹57.00 Cr

Quarterly Results

₹ Cr
HLEGLAS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
197
224
239
307
227
236
231
334
284
351
327
392
301
347
Expenses
174
198
215
270
205
202
205
282
246
313
305
349
280
310
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
36.66
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%
10.58%
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
2.33
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
8.39
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
9.89
PBT
13.12
16.15
8.24
21.17
6.93
19.53
11.41
37.2
22.89
19.16
3.65
25.25
4.37
20.7
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%
22.61%
Net Profit
9.29
10.82
5.97
14.8
5.42
14.42
10.28
31.64
17.86
13.96
4.6
20.14
2.05
16.02
EPS (₹)
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
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
HLEGLAS profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
7.36
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 (₹)
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

₹ Cr
HLEGLAS balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
HLEGLAS cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

HLEGLAS financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view HLE Glascoat insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.64%
  • Public 20.19%
  • Others 7.78%
  • DIIs 4.78%
  • FIIs 1.60%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

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.
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 PE ratio of HLE Glascoat Ltd?
HLE Glascoat Ltd trades at a PE ratio of 80.05 as of 4 Nov 2026, on earnings per share of ₹5.16, against a book value of ₹78.28 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 ₹628.2 as of 4 Nov 2026.
Does HLE Glascoat Ltd pay dividends?
HLE Glascoat Ltd has a dividend yield of 0.26%.
What is the Return on Equity (ROE) of HLE Glascoat Ltd?
HLE Glascoat Ltd reported a return on equity of 10.60%. 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.

Website glascoat.com
CEO Mr. Himanshu Khushalbhai Patel
Employees 687
Listed 9 Feb 2023
Face Value ₹2

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