HLE Glascoat Ltd
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]
- Market Cap ₹ 3,620 Cr.
- Current Price ₹ 530
- High / Low ₹ 554 / 218
- Stock P/E 119
- Book Value ₹ 52.2
- Dividend Yield 0.21 %
- ROCE 7.25 %
- ROE 4.66 %
- Face Value ₹ 2.00
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 10.2 times its book value
- 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: -3.54%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
77 | 88 | 92 | 81 | 97 | 337 | 387 | 421 | 508 | 649 | 591 | 551 | 604 | |
67 | 78 | 81 | 72 | 86 | 296 | 323 | 340 | 419 | 554 | 524 | 499 | 536 | |
Operating Profit | 10 | 11 | 11 | 10 | 10 | 41 | 64 | 80 | 89 | 96 | 66 | 52 | 68 |
OPM % | 13% | 12% | 12% | 12% | 11% | 12% | 17% | 19% | 18% | 15% | 11% | 9% | 11% |
0 | 0 | 1 | 0 | 1 | 5 | 9 | 10 | 14 | 12 | 7 | 12 | 12 | |
Interest | 3 | 3 | 3 | 3 | 2 | 14 | 13 | 10 | 13 | 23 | 28 | 29 | 28 |
Depreciation | 2 | 2 | 2 | 3 | 3 | 6 | 7 | 8 | 9 | 13 | 14 | 15 | 15 |
Profit before tax | 6 | 6 | 6 | 5 | 7 | 25 | 53 | 71 | 81 | 72 | 31 | 21 | 38 |
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 | 30 | |
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 | 4.45 |
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: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | -16% |
3 Years: | -35% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 13% |
3 Years: | -9% |
1 Year: | 27% |
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 | 21 | 27 | 44 | 77 | 71 | -7 | 14 | 42 | 46 | 38 | 13 | -33 |
ROCE % | 22% | 23% | 22% | 14% | 15% | 38% | 40% | 39% | 25% | 18% | 11% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Aug - Audio recording (Aug 21, 2025) of conference call on acquisition of Omeras GmbH available online.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
18 Aug - Wholly-owned step-down subsidiary acquired assets of Omeras GmbH and all shares of Omerastore GmbH on 18 Aug 2025.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
14 Aug - NCLT approves amalgamation of Kinam Enterprise Pvt Ltd into HLE Glascoat Ltd, effective 7 Aug 2023.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
14 Aug - NCLT approves amalgamation of Kinam Enterprise Pvt Ltd into HLE Glascoat Ltd effective 7 Aug 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Aug - HLE Glascoat Limited has informed about the Conference Call on Acquisition of Omeras GmbH.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jun 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Dec 2021Transcript PPT
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Sep 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Dec 2020TranscriptPPT
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Nov 2020Transcript PPT
Business Segments Q3FY24