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 ₹ 2,977 Cr.
- Current Price ₹ 436
- High / Low ₹ 699 / 405
- Stock P/E 59.5
- Book Value ₹ 50.2
- Dividend Yield 0.25 %
- ROCE 17.9 %
- ROE 17.8 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
- Company's median sales growth is 15.0% of last 10 years
Cons
- Stock is trading at 8.69 times its book value
- Debtor days have increased from 70.3 to 96.6 days.
- Promoter holding has decreased over last 3 years: -6.74%
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
70 | 76 | 77 | 88 | 92 | 81 | 97 | 337 | 387 | 421 | 508 | 649 | 636 | |
62 | 66 | 67 | 78 | 81 | 72 | 86 | 296 | 323 | 340 | 419 | 553 | 559 | |
Operating Profit | 9 | 10 | 10 | 11 | 11 | 10 | 10 | 41 | 64 | 80 | 90 | 96 | 77 |
OPM % | 12% | 13% | 13% | 12% | 12% | 12% | 11% | 12% | 17% | 19% | 18% | 15% | 12% |
1 | 0 | 0 | 0 | 1 | 0 | 1 | 5 | 9 | 10 | 13 | 12 | 19 | |
Interest | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 14 | 13 | 10 | 13 | 23 | 27 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 6 | 7 | 8 | 9 | 13 | 14 |
Profit before tax | 5 | 5 | 6 | 6 | 6 | 5 | 7 | 25 | 53 | 71 | 81 | 72 | 56 |
Tax % | 39% | 32% | 34% | 20% | 34% | 34% | 20% | 29% | 28% | 27% | 24% | 25% | |
3 | 4 | 4 | 5 | 4 | 3 | 5 | 18 | 38 | 52 | 62 | 54 | 46 | |
EPS in Rs | 1.12 | 1.44 | 1.52 | 1.82 | 1.66 | 0.96 | 1.65 | 5.57 | 5.90 | 8.00 | 9.04 | 7.97 | 6.69 |
Dividend Payout % | 39% | 30% | 33% | 30% | 27% | 42% | 24% | 0% | 15% | 10% | 11% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 46% |
3 Years: | 19% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 31% |
5 Years: | 59% |
3 Years: | 12% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 49% |
5 Years: | 65% |
3 Years: | -2% |
1 Year: | -25% |
Return on Equity | |
---|---|
10 Years: | 28% |
5 Years: | 31% |
3 Years: | 27% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 13 | 13 | 14 | 14 | 14 |
Reserves | 13 | 15 | 18 | 19 | 21 | 41 | 45 | 35 | 63 | 130 | 267 | 315 | 329 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27 | 23 | 19 | 14 | 7 | |
19 | 21 | 14 | 19 | 19 | 12 | 6 | 85 | 76 | 75 | 193 | 238 | 321 | |
32 | 28 | 36 | 41 | 34 | 35 | 40 | 156 | 170 | 169 | 184 | 212 | 232 | |
Total Liabilities | 69 | 69 | 73 | 84 | 80 | 94 | 97 | 283 | 322 | 387 | 657 | 778 | 896 |
22 | 22 | 22 | 20 | 23 | 26 | 25 | 80 | 88 | 114 | 151 | 227 | 230 | |
CWIP | 0 | 0 | 0 | 2 | 1 | 0 | 2 | 4 | 10 | 3 | 31 | 2 | 8 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 8 | 9 | 34 | 157 | 146 | 227 |
47 | 47 | 51 | 61 | 56 | 67 | 70 | 190 | 215 | 236 | 318 | 402 | 430 | |
Total Assets | 69 | 69 | 73 | 84 | 80 | 94 | 97 | 283 | 322 | 387 | 657 | 778 | 896 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 4 | 12 | 5 | 8 | 6 | 10 | 45 | 39 | 34 | 19 | 13 | |
-4 | -2 | -2 | -5 | -3 | -16 | 1 | -20 | -15 | -45 | -184 | -19 | |
-5 | -3 | -10 | 0 | -6 | 12 | -10 | -20 | -29 | 21 | 154 | 6 | |
Net Cash Flow | 0 | -0 | -0 | 0 | -0 | 1 | 0 | 5 | -5 | 9 | -10 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 18 | 21 | 26 | 18 | 15 | 22 | 23 | 34 | 41 | 55 | 59 | 97 |
Inventory Days | 428 | 368 | 401 | 440 | 369 | 429 | 400 | 244 | 272 | 252 | 276 | 188 |
Days Payable | 150 | 119 | 158 | 150 | 136 | 137 | 167 | 121 | 130 | 113 | 148 | 96 |
Cash Conversion Cycle | 296 | 269 | 269 | 308 | 248 | 314 | 255 | 157 | 182 | 194 | 188 | 188 |
Working Capital Days | 75 | 93 | 80 | 85 | 85 | 112 | 82 | 41 | 40 | 74 | 100 | 118 |
ROCE % | 21% | 22% | 22% | 23% | 22% | 14% | 15% | 38% | 40% | 41% | 26% | 18% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 11h
- Certificate Of Compliance As Per Regulation 7(3) Of SEBI (LODR) For The Year Ended On 31.03.2024 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Apr
- Closure of Trading Window 29 Mar
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Clarification sought from HLE Glascoat Ltd
19 Mar - Exchange has sought clarification from HLE Glascoat Ltd on March 19, 2024, with reference to Movement in Volume.
Annual reports
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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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Financial Year 2009
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Concalls
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Nov 2023Transcript PPT
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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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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
Filtration and Drying Division (35% of revenues)[1]
The company manufactures filtration and drying equipment for various industries. It has expertise in stainless steel and exotic fabric alloy fabrication. It is a market leader with greater than 50% market share.[2]