Glass Wall Systems (India) Ltd
Incorporated in 2010, Glass Wall Systems (India) Limited is a façade solutions and fenestration provider with operations across the world.[1]
- Market Cap ₹ 2,353 Cr.
- Current Price ₹ 268
- High / Low ₹ 318 / 185
- Stock P/E 32.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 64.8 %
- ROE 49.4 %
- Face Value ₹ 2.00
Pros
- 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.
Cons
* 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.
Quarterly 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 | |
|---|---|---|---|---|
| 241 | 282 | 245 | 430 | |
| 229 | 239 | 187 | 334 | |
| Operating Profit | 12 | 43 | 58 | 96 |
| OPM % | 5.0% | 15% | 24% | 22% |
| 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% |
| 16 | 12 | 44 | 76 | |
| EPS in Rs | 8.29 | 6.15 | 28.85 | 8.97 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| Last Year: | 49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 19 | 19 | 15 | |
| Reserves | 83 | 95 | 138 | |
| 47 | 19 | 8 | ||
| 156 | 128 | 136 | ||
| Total Liabilities | 305 | 260 | 298 | |
| 60 | 48 | 50 | ||
| CWIP | 0 | 0 | 8 | |
| Investments | 0 | 0 | 0 | |
| 245 | 212 | 240 | ||
| Total Assets | 305 | 260 | 298 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 19 | 34 | 67 | ||
| 3 | 11 | -55 | ||
| -22 | -38 | -19 | ||
| Net Cash Flow | -0 | 7 | -7 | |
| Free Cash Flow | 16 | 31 | 58 | |
| CFO/OP | 122% | 76% | 121% |
Ratios
Standalone / View Consolidated
| 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% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
-
Intimation For Change In Corporate Identification Number (CIN) And Listing Status Of Glass Wall Systems (India) Limited
- Company updated CIN to L74999MH2010PLC207187 and listing status to Yes after stock exchange listing.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1 FY27 earnings call for results ended June 30, 2026 shared.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of Unaudited Standalone and Consolidated Financial Results of the Company for Quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Change in Management
- Q1 FY27 results; company completed ₹4,278.90 million IPO and listed on NSE, BSE on 16 September 2026.
Business Overview:[1]
Glass Walls Systems (India) Limited is a
premium façade solutions and fenestration company operating across India, the USA,
and Australia. The company is among the
largest façade solution providers in India
and has built its business around designing, engineering, manufacturing, supplying, and,
in the domestic market, installing specialised building façade systems. As of March 31st, 2026, the company had completed over 158 projects.