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 ₹ 2,370 Cr.
- Current Price ₹ 270
- High / Low ₹ 304 / 185
- Stock P/E 29.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 50.3 %
- ROE 37.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.8%
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.
Peer comparison
Commodities Construction Materials Other Construction Materials Other Construction Materials
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 304 | 278 | 457 | |
| 250 | 205 | 352 | |
| Operating Profit | 55 | 73 | 105 |
| OPM % | 18% | 26% | 23% |
| -10 | 10 | 14 | |
| Interest | 9 | 4 | 4 |
| Depreciation | 4 | 4 | 5 |
| Profit before tax | 31 | 76 | 111 |
| Tax % | 35% | 24% | 25% |
| 20 | 58 | 84 | |
| EPS in Rs | 10.42 | 37.87 | 9.90 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 19 | 15 | 17 |
| Reserves | 101 | 159 | 243 |
| 25 | 8 | 7 | |
| 136 | 134 | 202 | |
| Total Liabilities | 282 | 316 | 468 |
| 57 | 56 | 80 | |
| CWIP | 3 | 8 | 4 |
| Investments | 0 | 0 | 0 |
| 222 | 253 | 384 | |
| Total Assets | 282 | 316 | 468 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 43 | 73 | 73 | |
| 9 | -53 | -38 | |
| -44 | -26 | -5 | |
| Net Cash Flow | 7 | -6 | 30 |
| Free Cash Flow | 38 | 69 | 50 |
| CFO/OP | 79% | 107% | 91% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 76 | 67 | 87 |
| Inventory Days | 70 | 108 | 65 |
| Days Payable | 90 | 107 | 108 |
| Cash Conversion Cycle | 56 | 68 | 44 |
| Working Capital Days | 2 | 17 | 25 |
| ROCE % | 46% | 50% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Director
- Mr. Prakash Bagla resigned as Director of Glass Wall Systems effective September 18, 2026.
-
Intimation Under Regulation 30(5)
- Company authorized four KMPs to determine material events and make stock exchange disclosures.
-
Intimation Under Regulation 8(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
- Company intimated its fair disclosure and legitimate purposes insider trading policy under SEBI PIT Regulations.
-
Intimation Under Regulation 7
- Glass Wall Systems confirms MUFG Intime India remains its Registrar and Share Transfer Agent.
-
Intimation Under Regulation 6
- Sagar Lambole continues as Compliance Officer from August 3, 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.