HRS Aluglaze Ltd
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]
- Market Cap ₹ 490 Cr.
- Current Price ₹ 254
- High / Low ₹ 293 / 126
- Stock P/E 64.5
- Book Value ₹ 40.1
- Dividend Yield 0.00 %
- ROCE 18.8 %
- ROE 21.2 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 19.3 days to 117 days
* 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 SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 22.55 | 26.69 | 42.11 | 67.53 | 72.76 | |
| Sales growth | +18.36% | +57.77% | +60.37% | +51.27% | |
| 20.81 | 23.15 | 31.41 | 49.59 | 58.55 | |
| Operating Profit | 1.74 | 3.54 | 10.70 | 17.94 | 14.21 |
| OPM % | 7.72% | 13.26% | 25.41% | 26.57% | 19.53% |
| 0.14 | 0.28 | 0.04 | 0.32 | 0.43 | |
| Interest | 0.58 | 1.23 | 2.51 | 2.62 | 2.62 |
| Depreciation | 0.09 | 0.18 | 1.35 | 1.88 | 2.00 |
| Profit before tax | 1.21 | 2.41 | 6.88 | 13.76 | 10.02 |
| Tax % | 28.93% | 25.73% | 25.15% | 25.73% | |
| 0.87 | 1.79 | 5.15 | 10.22 | 7.59 | |
| EPS in Rs | 0.64 | 1.31 | 3.68 | 5.30 | 3.94 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 127% |
| TTM: | 28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 6.50 | 6.50 | 6.66 | 19.28 | 19.28 |
| Reserves | 1.67 | 3.46 | 13.45 | 56.14 | 58.05 |
| 17.94 | 24.38 | 38.69 | 39.43 | 52.31 | |
| 7.98 | 8.09 | 21.81 | 21.69 | 28.46 | |
| Total Liabilities | 34.09 | 42.43 | 80.61 | 136.54 | 158.10 |
| 7.41 | 28.04 | 46.08 | 46.42 | 45.56 | |
| CWIP | 13.89 | 0.11 | 0.37 | 15.61 | 25.73 |
| Investments | 0.00 | 0.00 | 0.00 | 7.57 | 0.81 |
| 12.79 | 14.28 | 34.16 | 66.94 | 86.00 | |
| Total Assets | 34.09 | 42.43 | 80.61 | 136.54 | 158.10 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -2.07 | 1.46 | 3.95 | -11.07 | |
| -17.10 | -6.74 | -20.68 | -32.25 | |
| 19.14 | 5.21 | 16.84 | 43.24 | |
| Net Cash Flow | -0.02 | -0.08 | 0.11 | -0.08 |
| Free Cash Flow | -16.01 | -8.74 | -16.75 | -35.16 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -96% | 49% | 41% | -48% |
Ratios
Standalone / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 47.75 | 61.54 | 114.33 | 95.88 |
| Inventory Days | 77.86 | 145.37 | 294.20 | 397.71 |
| Days Payable | 109.55 | 175.07 | 223.77 | 154.03 |
| Cash Conversion Cycle | 16.06 | 31.84 | 184.75 | 339.56 |
| Working Capital Days | -19.91 | -33.23 | -25.92 | 117.02 |
| ROCE % | 11.32% | 20.16% | 18.80% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | May 2026 | |
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| Capacity Utilization % |
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| Completed Projects Nos. |
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| Geographic Concentration - Gujarat Share % |
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| Manufacturing Capacity sq. ft. |
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| Top 5 Customer Concentration % |
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| Total Workforce Nos. |
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| Active Projects Nos. |
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| Repeat Customer Revenue Share % |
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Extracted by Screener AI
Documents
Announcements
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Monitoring Agency Report For The Quarter Ended 30Th September, 2026.
- Monitoring agency report for quarter ended 30 Sep 2026 shows full IPO proceeds utilization, no deviation.
- Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended On 30Th September, 2026
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Board Meeting Outcome for Outcome Of Board Meeting Held Today, I.E., Friday, 30Th October, 2026, And Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended On 30Th September, 2026
- Board approved unaudited standalone and consolidated results for half year ended 30 September 2026.
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Board Meeting Intimation for Board Meeting Intimation To Consider The Unaudited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended On 30Th September, 2026.
- Board meeting on 30 October 2026 to approve half-year unaudited standalone and consolidated results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of the SEBI(Depositories and Participants) Regulations, 2018 for the quarter ended 30/09/2026.
Business Profile[1]
HRS Aluglaze designs, manufactures, and installs aluminium-based architectural systems such as windows, doors, curtain walls, cladding, glazing systems, railings, louvers and partitions. It provides turnkey solutions—design, engineering, fabrication, supply, installation, and handover—for residential, commercial, industrial, and institutional projects