HLE Glascoat Ltd

HLE Glascoat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HLE Glascoat Ltd

₹ 408 -2.04%
14 Jul - close price
glascoat.com BSE: 522215 NSE: HLEGLAS
About

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]

Key Points

Business Segments Q3FY24

Website BSE NSE
  • Market Cap ₹ 2,789 Cr.
  • Current Price ₹ 408
  • High / Low ₹ 485 / 218
  • Stock P/E 170
  • Book Value ₹ 52.2
  • Dividend Yield 0.27 %
  • ROCE 7.25 %
  • ROE 4.66 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 29.3%
  • Debtor days have improved from 78.4 to 56.9 days.

Cons

  • Stock is trading at 7.81 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.31% over past five years.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.63%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
158 141 147 150 211 126 157 142 166 111 114 130 195
133 120 127 132 180 109 141 130 150 107 104 119 169
Operating Profit 24 21 20 18 31 18 16 12 15 4 11 12 26
OPM % 15% 15% 14% 12% 15% 14% 10% 9% 9% 3% 9% 9% 13%
3 3 3 1 9 1 1 8 1 9 1 1 1
Interest 4 3 5 5 9 4 5 8 9 8 7 7 7
Depreciation 3 3 3 3 3 3 4 4 4 4 4 4 4
Profit before tax 20 18 15 11 29 11 8 8 4 1 1 2 17
Tax % 13% 26% 26% 28% 22% 27% 28% -12% 14% -27% 94% 26% 19%
18 13 11 8 22 8 6 9 3 1 0 1 14
EPS in Rs 2.58 1.91 1.60 1.19 3.28 1.13 0.90 1.38 0.49 0.21 0.01 0.19 1.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
77 88 92 81 97 337 387 421 508 649 591 551
67 78 81 72 86 296 323 340 419 554 524 499
Operating Profit 10 11 11 10 10 41 64 80 89 96 66 52
OPM % 13% 12% 12% 12% 11% 12% 17% 19% 18% 15% 11% 9%
0 0 1 0 1 5 9 10 14 12 7 12
Interest 3 3 3 3 2 14 13 10 13 23 28 29
Depreciation 2 2 2 3 3 6 7 8 9 13 14 15
Profit before tax 6 6 6 5 7 25 53 71 81 72 31 21
Tax % 34% 20% 34% 34% 20% 29% 28% 27% 24% 25% 15% 20%
4 5 4 3 5 18 38 52 62 54 27 16
EPS in Rs 1.52 1.82 1.66 0.96 1.65 5.57 5.90 8.00 9.04 7.97 3.90 2.40
Dividend Payout % 33% 30% 27% 42% 24% 0% 15% 10% 11% 14% 28% 46%
Compounded Sales Growth
10 Years: 20%
5 Years: 7%
3 Years: 3%
TTM: -7%
Compounded Profit Growth
10 Years: 14%
5 Years: -16%
3 Years: -35%
TTM: -49%
Stock Price CAGR
10 Years: 36%
5 Years: 20%
3 Years: -15%
1 Year: -11%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 10%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 6 6 6 13 13 14 14 14 14
Reserves 18 19 21 41 45 35 63 150 267 315 334 342
14 19 19 12 6 113 98 94 206 245 342 314
36 41 34 35 40 129 148 129 165 204 164 205
Total Liabilities 73 84 80 94 97 283 322 387 652 778 853 874
22 20 23 26 25 80 88 114 151 227 232 271
CWIP 0 2 1 0 2 4 10 3 31 2 16 1
Investments 0 0 0 0 1 8 9 34 157 146 228 227
51 61 56 67 70 190 215 236 312 402 377 375
Total Assets 73 84 80 94 97 283 322 387 652 778 853 874

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
12 5 8 6 10 45 39 34 19 13 48 110
-2 -5 -3 -16 1 -20 -15 -45 -184 -19 -108 -36
-10 0 -6 12 -10 -20 -29 21 154 6 64 -65
Net Cash Flow -0 0 -0 1 0 5 -5 9 -10 -0 3 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 26 18 15 22 23 34 41 55 59 97 82 57
Inventory Days 401 440 369 429 400 244 272 252 276 188 236 279
Days Payable 158 150 136 137 167 121 130 113 149 96 90 94
Cash Conversion Cycle 269 308 248 314 255 157 182 194 186 188 228 242
Working Capital Days 80 85 85 112 82 41 40 74 98 118 133 101
ROCE % 22% 23% 22% 14% 15% 38% 40% 39% 25% 18% 11% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.32% 70.32% 70.32% 70.32% 70.32% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69%
4.73% 4.32% 4.30% 4.31% 4.30% 4.25% 4.24% 4.29% 4.26% 4.07% 4.01% 4.12%
0.87% 0.74% 0.71% 0.71% 0.53% 3.93% 3.95% 3.77% 3.57% 3.52% 3.52% 3.52%
24.09% 24.61% 24.66% 24.65% 24.85% 25.13% 25.12% 25.25% 25.45% 25.72% 25.78% 25.68%
No. of Shareholders 42,12048,86958,27461,58565,16175,76279,75181,75381,05383,99383,43580,944

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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