HLE Glascoat Ltd

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

₹ 445 -5.00%
22 Sep 4:01 p.m.
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 ₹ 3,090 Cr.
  • Current Price ₹ 445
  • High / Low ₹ 662 / 250
  • Stock P/E 83.0
  • Book Value ₹ 56.6
  • Dividend Yield 0.22 %
  • ROCE 12.0 %
  • ROE 11.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 31.6%
  • Company's median sales growth is 16.8% of last 10 years

Cons

  • Stock is trading at 8.48 times its book value
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 8.42% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.68%

* 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 Industrials BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
126 157 142 166 111 114 130 195 164 193 164 202 151
109 141 130 150 107 104 119 169 145 170 151 175 136
Operating Profit 18 16 12 15 4 11 12 26 20 23 13 27 15
OPM % 14% 10% 9% 9% 3.5% 9% 9% 13% 12% 12% 8% 13% 10%
1 1 8 1 9 1 1 1 9 0 -1 3 11
Interest 4 5 8 9 8 7 7 7 7 7 7 7 7
Depreciation 3 4 4 4 4 4 4 4 4 4 4 5 4
Profit before tax 11 8 8 4 1 1 2 17 18 12 1 18 14
Tax % 27% 28% -12% 14% -27% 94% 26% 19% 15% 31% -22% 25% 24%
8 6 9 3 1 0 1 14 15 8 1 13 11
EPS in Rs 1.13 0.90 1.38 0.49 0.21 0.01 0.19 1.99 2.26 1.16 0.19 1.94 1.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
88 92 81 97 337 387 421 508 649 591 551 723 710
78 81 72 86 296 323 340 419 554 524 498 639 632
Operating Profit 11 11 10 10 41 64 80 89 96 66 53 85 78
OPM % 12% 12% 12% 11% 12% 17% 19% 18% 15% 11% 10% 12% 11%
0 1 0 1 5 9 10 14 12 7 12 12 13
Interest 3 3 3 2 14 13 10 13 23 28 30 30 28
Depreciation 2 2 3 3 6 7 8 9 13 14 15 18 18
Profit before tax 6 6 5 7 25 53 71 81 72 31 21 49 45
Tax % 20% 34% 34% 20% 29% 28% 27% 24% 25% 15% 20% 22%
5 4 3 5 18 38 52 62 54 27 16 38 34
EPS in Rs 1.82 1.66 0.96 1.65 5.57 5.90 8.00 9.04 7.97 3.90 2.40 5.50 4.89
Dividend Payout % 30% 27% 42% 24% 0% 15% 10% 11% 14% 28% 47% 20%
Compounded Sales Growth
10 Years: 23%
5 Years: 11%
3 Years: 4%
TTM: 17%
Compounded Profit Growth
10 Years: 26%
5 Years: -5%
3 Years: -8%
TTM: 23%
Stock Price CAGR
10 Years: 36%
5 Years: -19%
3 Years: -7%
1 Year: -8%
Return on Equity
10 Years: 17%
5 Years: 13%
3 Years: 8%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 6 6 6 13 13 14 14 14 14 14
Reserves 19 21 41 45 35 63 150 267 315 334 349 379
19 19 12 6 113 98 94 206 245 342 312 312
41 34 35 40 129 148 129 165 204 164 206 201
Total Liabilities 84 80 94 97 283 322 387 652 778 853 881 907
20 23 26 25 80 88 114 151 227 232 271 278
CWIP 2 1 0 2 4 10 3 31 2 16 1 2
Investments 0 0 0 1 8 9 34 157 146 228 234 233
61 56 67 70 190 215 236 312 402 377 375 393
Total Assets 84 80 94 97 283 322 387 652 778 853 881 907

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5 8 6 10 45 39 34 19 13 48 110 66
-5 -3 -16 1 -20 -15 -45 -184 -19 -108 -36 -22
0 -6 12 -10 -20 -29 21 154 6 64 -65 -57
Net Cash Flow 0 -0 1 0 5 -5 9 -10 -0 3 9 -12
Free Cash Flow -0 5 -1 7 29 17 5 -47 -25 7 65 36
CFO/OP 68% 98% 73% 114% 124% 77% 64% 46% 33% 88% 214% 80%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 18 15 22 23 34 41 55 59 97 82 57 65
Inventory Days 440 369 429 400 244 272 252 276 188 236 278 196
Days Payable 150 136 137 167 121 130 113 149 96 90 94 106
Cash Conversion Cycle 308 248 314 255 157 182 194 186 188 228 241 155
Working Capital Days 27 44 77 71 -7 14 42 46 38 13 -34 -16
ROCE % 23% 22% 14% 15% 38% 40% 39% 25% 18% 11% 7% 12%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Filtration, Drying and Other Equipment Segment Revenue
INR Crores

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Glass Lined Equipment Segment Revenue
INR Crores
Order Book
INR Crores
Order Book Visibility - India Business
Months
Order Book Visibility - International Business
Months
Heat Transfer Equipment Segment Revenue
INR Crores
API & Pharma Share of Revenue
Percent

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.78% 65.64% 65.64% 65.64% 65.64%
4.25% 4.24% 4.29% 4.26% 4.07% 4.01% 4.12% 4.01% 3.70% 2.14% 2.27% 2.05%
3.93% 3.95% 3.77% 3.57% 3.52% 3.52% 3.52% 4.01% 4.04% 4.48% 4.88% 4.71%
25.13% 25.12% 25.25% 25.45% 25.72% 25.78% 25.68% 25.20% 26.62% 27.73% 27.22% 27.60%
No. of Shareholders 75,76279,75181,75381,05383,99383,43580,94477,41879,88874,24571,27171,078

* 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.

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Documents

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Credit ratings

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