HLE Glascoat Ltd

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

HLE Glascoat Ltd

₹ 384 -0.65%
05 Jun - close price
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 ₹ 2,671 Cr.
  • Current Price ₹ 384
  • High / Low ₹ 662 / 250
  • Stock P/E 49.9
  • Book Value ₹ 76.9
  • Dividend Yield 0.29 %
  • ROCE 11.8 %
  • ROE 10.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.9%
  • Company's working capital requirements have reduced from 19.1 days to 14.5 days

Cons

  • Stock is trading at 5.00 times its book value
  • Company has a low return on equity of 10.1% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
298 197 224 239 307 227 236 231 334 284 351 327 392
254 174 198 215 270 205 202 205 282 246 313 305 349
Operating Profit 44 23 26 25 36 22 34 26 52 38 38 21 43
OPM % 15% 12% 12% 10% 12% 10% 14% 11% 16% 13% 11% 6% 11%
3 1 2 1 2 2 1 2 2 2 -1 0 1
Interest 9 5 6 10 10 9 9 9 9 9 9 8 9
Depreciation 6 6 6 7 7 7 7 7 8 8 9 10 10
Profit before tax 33 13 16 8 21 7 20 11 37 23 19 4 25
Tax % 30% 29% 33% 27% 30% 22% 26% 10% 15% 22% 27% -26% 20%
23 9 11 6 15 5 14 10 32 18 14 5 20
EPS in Rs 3.34 1.36 1.47 0.44 1.45 0.50 1.86 1.24 2.98 2.16 1.73 0.41 2.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
359 426 484 652 932 968 1,028 1,353
313 354 392 541 793 854 891 1,213
Operating Profit 47 73 93 111 139 114 136 140
OPM % 13% 17% 19% 17% 15% 12% 13% 10%
2 5 4 -1 8 4 7 2
Interest 15 13 11 14 25 33 39 34
Depreciation 7 7 9 11 23 26 30 36
Profit before tax 28 57 77 84 99 59 75 71
Tax % 33% 31% 31% 31% 30% 30% 18% 20%
19 39 53 58 70 41 62 57
EPS in Rs 5.50 5.91 8.00 8.52 10.23 4.35 6.84 7.12
Dividend Payout % 0% 15% 10% 12% 11% 25% 16% 15%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 13%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: -8%
TTM: 15%
Stock Price CAGR
10 Years: 32%
5 Years: -11%
3 Years: -17%
1 Year: -10%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 13 13 14 14 14 14 14
Reserves 35 63 120 239 312 403 446 520
115 100 96 218 258 390 381 348
138 159 148 289 311 395 448 500
Total Liabilities 294 335 377 759 894 1,202 1,288 1,382
85 94 120 245 318 541 593 627
CWIP 4 10 3 31 3 19 5 4
Investments 0 0 0 0 0 0 0 0
205 231 254 483 573 641 690 751
Total Assets 294 335 377 759 894 1,202 1,288 1,382

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
49 45 48 1 5 95 134 161
-15 -19 -29 -146 -40 -45 -68 -86
-29 -30 -10 160 13 -19 -60 -85
Net Cash Flow 5 -5 9 14 -22 31 6 -10
Free Cash Flow 33 22 20 -67 -36 40 68 108
CFO/OP 119% 79% 75% 31% 27% 106% 110% 127%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 34 38 52 83 95 89 66 73
Inventory Days 244 264 228 307 229 259 300 205
Days Payable 119 130 111 150 98 92 88 85
Cash Conversion Cycle 159 172 168 240 226 257 278 193
Working Capital Days -2 16 33 60 53 33 10 15
ROCE % 42% 43% 30% 24% 13% 13% 12%

Insights

In beta
Mar 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Market Share in Indian Filtration & Drying Segment
% ・Standalone data

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Order Book Value
INR Lakhs
Total Installations (Filtration and Drying)
Numbers
Market Share in Indian Glass Lined Equipment
% ・Standalone data
Consolidated Manufacturing Capacity Utilization
%
Order Book Visibility
Months

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.32% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.78% 65.64% 65.64% 65.64%
4.30% 4.25% 4.24% 4.29% 4.26% 4.07% 4.01% 4.12% 4.01% 3.70% 2.14% 2.27%
0.53% 3.93% 3.95% 3.77% 3.57% 3.52% 3.52% 3.52% 4.01% 4.04% 4.48% 4.88%
24.85% 25.13% 25.12% 25.25% 25.45% 25.72% 25.78% 25.68% 25.20% 26.62% 27.73% 27.22%
No. of Shareholders 65,16175,76279,75181,75381,05383,99383,43580,94477,41879,88874,24571,271

* 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.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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