HLE Glascoat

how big is HLE Glascoat?

As of Jun 06, HLE Glascoat Ltd has a market capitalization of 2,935.42 Cr, with recent net sales of 1,027.59 Cr and a net profit of 44.92 Cr over the last four quarters. Shareholder's funds are 416.80 Cr, and total assets are valued at 1,201.85 Cr as of Mar'24.

Market Cap: HLE Glascoat Ltd has a market capitalization of 2,935.42 Cr and is classified as a Small Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 1,027.59 Cr. The sum of Net Profit for the same period is 44.92 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: This is consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds amount to 416.80 Cr, and the Total Assets are valued at 1,201.85 Cr.

Who are in the management team of HLE Glascoat?

As of March 2023, the management team of HLE Glascoat includes Himanshu Patel (Managing Director), Harsh Patel (Whole Time Director), Aalap Patel (Executive Director), and several independent directors, including Yatish Parekh (Chairman). The team is responsible for the company's governance and operational management.

As of March 2023, the management team of HLE Glascoat includes the following individuals:<BR><BR>1. Vijayanti Punjabi - Independent Director<BR>2. Himanshu Patel - Managing Director<BR>3. Nilesh Patel - Director<BR>4. Harsh Patel - Whole Time Director<BR>5. Aalap Patel - Executive Director<BR>6. Yatish Parekh - Chairman & Independent Director<BR>7. Sandeep Randery - Independent Director<BR>8. Jayesh Shah - Independent Director<BR>9. Achal Thakkar - Company Secretary & Compliance Officer<BR><BR>Each member plays a significant role in the governance and operational management of the company.

What does HLE Glascoat do?

HLE Glascoat Ltd is a small-cap manufacturer of process equipment for the chemical and pharmaceutical industries, with net sales of 334 Cr and a net profit of 20 Cr for the quarter ending March 2025. The company has a market cap of Rs 2,922 Cr and key financial metrics include a P/E ratio of 63.00 and a dividend yield of 0.26%.

Overview: <BR>HLE Glascoat Ltd is a prominent manufacturer of process equipment for the chemical and pharmaceutical sectors, operating within the industrial manufacturing industry and classified as a small-cap company.<BR><BR>History: <BR>HLE Glascoat Ltd, formerly known as Swiss Glascoat Equipments Limited, was established in 1951. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 334 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 20 Cr (Quarterly Results - Mar 2025) <BR>Market cap: Rs 2,922 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 63.00 <BR>Industry P/E: 38 <BR>Dividend Yield: 0.26% <BR>Debt Equity: 0.72 <BR>Return on Equity: 9.78% <BR>Price to Book: 6.18<BR><BR>Contact Details: <BR>Address: H-106 GIDC Estate, Vitthal Udyognagar Anand Gujarat : 388121 <BR>Tel: 91-2692-236842/43/44/45 <BR>Email: share@glascoat.com <BR>Website: http://www.hleglascoat.com

Has HLE Glascoat declared dividend?

HLE Glascoat Ltd has declared a 55% dividend, amounting to ₹1.1 per share, with an ex-date of September 19, 2024. While the company shows a total return of 182.27% over the last 5 years, shorter periods reflect mixed performance, including negative returns in the last 2 to 4 years.

HLE Glascoat Ltd has declared a 55% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 55%<BR>- Amount per share: 1.1<BR>- Ex-date: 19 Sep 24<BR><BR>Dividend Yield: 0.26%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 6.63%, with no dividend return, resulting in a total return of 6.63%.<BR><BR>Over the past year, the price return was 1.57%, the dividend return was 0.25%, leading to a total return of 1.82%.<BR><BR>In the 2-year period, there was a price return of -37.06%, a dividend return of 0.33%, culminating in a total return of -36.73%.<BR><BR>For the 3-year period, the price return was -37.52%, with a dividend return of 1.15%, resulting in a total return of -36.37%.<BR><BR>In the 4-year span, the price return was -36.82%, the dividend return was 1.63%, leading to a total return of -35.19%.<BR><BR>Over the last 5 years, the price return was 174.91%, with a dividend return of 7.36%, resulting in a total return of 182.27%.<BR><BR>Overall, HLE Glascoat has declared a significant dividend, but the total returns over various periods show a mixed performance, with positive returns in the last 5 years contrasted by negative returns in shorter periods.

Who are the peers of the HLE Glascoat?

HLE Glascoat's peers include Kaynes Tech, Honeywell Auto, Jyoti CNC Auto, LMW, Jupiter Wagons, Pennar Industrie, Hind Rectifiers, Indian Hume Pipe, and Rajoo Engineers. HLE Glascoat has good management risk, below average growth, and a 1-year return of 1.85%, while peers show varying management risks and returns.

Peers: The peers of HLE Glascoat are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Pennar Industrie, Hind Rectifiers, Indian Hume Pipe, and Rajoo Engineers.<BR><BR>Quality Snapshot: Excellent management risk is observed at Honeywell Auto and Jyoti CNC Auto., while Good management risk is found at HLE Glascoat. Average management risk is present at Kaynes Tech, LMW, Jupiter Wagons, Pennar Industrie, Hind Rectifiers, Indian Hume Pipe, and Rajoo Engineers. Growth is Excellent for Kaynes Tech and Jyoti CNC Auto., while HLE Glascoat and LMW show Below Average growth. Average capital structure is seen at HLE Glascoat, while Excellent capital structure is noted for Honeywell Auto and LMW, and the rest have Below Average or Average capital structures.<BR><BR>Return Snapshot: Hind Rectifiers has the highest 1-year return at 100.73%, while Honeywell Auto has the lowest at -26.32%. HLE Glascoat's 1-year return of 1.85% is higher than Honeywell Auto's but lower than Hind Rectifiers'. Additionally, LMW, Jupiter Wagons, and Rajoo Engineers have negative six-month returns.

Who are the top shareholders of the HLE Glascoat?

The top shareholders of HLE Glascoat include promoter Nilesh Khushalbhai Patel with 25.18%, mutual funds at 3.52%, foreign institutional investors holding 4.12%, and Malabar India Fund Limited as the largest public shareholder with 3.86%. Individual investors collectively own 18.42% of the shares.

The top shareholders of HLE Glascoat include the promoters, who hold the majority of the shares. The promoter with the highest holding is Nilesh Khushalbhai Patel, owning 25.18% of the company. Additionally, mutual funds hold 3.52% through one scheme, while foreign institutional investors (FIIs) collectively hold 4.12% across 23 different FIIs. The highest public shareholder is Malabar India Fund Limited, which has a stake of 3.86%. Individual investors also hold a significant portion, accounting for 18.42% of the shares.

When is the next results date for HLE Glascoat?

The next results date for HLE Glascoat is 10 November 2025.

The next results date for HLE Glascoat is scheduled for 10 November 2025.

Are HLE Glascoat latest results good or bad?

HLE Glascoat's latest results show strong revenue growth with record quarterly sales of ₹350.78 crores, but profitability declined, with net profit falling 18.77% from the previous quarter. While sales are robust, the drop in profit and operating margin raises concerns for investors.

HLE Glascoat's latest results present a mixed picture. On the positive side, the company achieved record quarterly sales of ₹350.78 crores, reflecting a robust 23.54% increase sequentially and a significant 48.77% growth year-on-year. This strong revenue performance indicates healthy demand, particularly from the chemical and pharmaceutical sectors.<BR><BR>However, the profitability metrics are concerning. The consolidated net profit for Q2 FY26 fell to ₹11.99 crores, marking an 18.77% decline from the previous quarter and a 5.52% decrease year-on-year. Additionally, the operating margin contracted to 10.90%, down from 14.46% a year ago, signaling rising cost pressures and challenges in maintaining operational efficiency.<BR><BR>The market reacted cautiously to these results, with the stock declining by 0.36% post-announcement, likely reflecting investor concerns about the company's ability to translate strong sales growth into sustainable profit growth. Overall, while the revenue growth is impressive, the declining profitability trends raise red flags that investors should monitor closely.

Is HLE Glascoat technically bullish or bearish?

As of November 11, 2025, the trend is mildly bullish due to monthly indicators showing bullish momentum, although caution is advised due to recent price declines and mixed signals from weekly indicators.

As of 11 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the monthly MACD and Bollinger Bands indicating bullish momentum, despite the weekly MACD and KST showing mild bearishness. The daily moving averages also support a mildly bullish outlook. However, the overall strength is tempered by the recent significant decline in stock price and the weekly indicators suggesting caution.

How has been the historical performance of HLE Glascoat?

HLE Glascoat has shown consistent growth in net sales and profits, with net sales increasing from INR 359.36 crore in March 2019 to INR 1,027.59 crore in March 2025, and profit before tax reaching INR 75.07 crore in March 2025. The company's total assets and cash flow from operating activities have also improved significantly during this period.

Answer:<BR>The historical performance of HLE Glascoat shows a consistent growth trajectory in net sales and profits over the years.<BR><BR>Breakdown:<BR>HLE Glascoat's net sales have increased significantly from INR 359.36 crore in March 2019 to INR 1,027.59 crore in March 2025, reflecting a strong upward trend. Total operating income followed a similar pattern, rising from INR 359.36 crore in March 2019 to INR 1,027.59 crore in March 2025. The company's total expenditure, excluding depreciation, also grew from INR 313.70 crore in March 2019 to INR 894.01 crore in March 2025, indicating rising operational costs. Operating profit (PBDIT) fluctuated, peaking at INR 145.07 crore in March 2023 before settling at INR 140.94 crore in March 2025. Profit before tax showed a steady increase, reaching INR 75.07 crore in March 2025, while profit after tax was INR 61.77 crore for the same period. The company's total assets grew from INR 335.37 crore in March 2020 to INR 1,288.01 crore in March 2025, with total liabilities also increasing from INR 335.37 crore to INR 1,288.01 crore. Cash flow from operating activities improved significantly to INR 94 crore in March 2024, indicating better cash management. Overall, HLE Glascoat has demonstrated robust growth in sales, profits, and asset accumulation over the years.

How has been the historical performance of HLE Glascoat?

HLE Glascoat has demonstrated consistent growth, with net sales increasing from 359.36 Cr in Mar'19 to 1,027.59 Cr in Mar'25, and profit after tax reaching 61.77 Cr in the same period. The earnings per share (EPS) improved to 6.84 in Mar'25, reflecting a positive trend in profitability.

Answer:<BR>The historical performance of HLE Glascoat shows a consistent growth trend in net sales and profits over the years, with net sales increasing from 359.36 Cr in Mar'19 to 1,027.59 Cr in Mar'25. The total operating income followed a similar trajectory, reaching 1,027.59 Cr in Mar'25, up from 359.36 Cr in Mar'19. Operating profit (PBDIT) has also seen fluctuations, peaking at 145.07 Cr in Mar'23 before settling at 140.94 Cr in Mar'25. Profit before tax reached 75.07 Cr in Mar'25, while profit after tax was reported at 61.77 Cr for the same period. The company's earnings per share (EPS) increased to 6.84 in Mar'25, reflecting a positive trend in profitability. <BR><BR>Breakdown:<BR>HLE Glascoat's financial performance has demonstrated significant growth over the years, particularly in net sales, which rose from 359.36 Cr in Mar'19 to 1,027.59 Cr in Mar'25. This growth in sales has been accompanied by an increase in total operating income, which reached 1,027.59 Cr in Mar'25. Operating profit (PBDIT) showed some variability, with a peak of 145.07 Cr in Mar'23, but ultimately recorded 140.94 Cr in Mar'25. Profit before tax also increased to 75.07 Cr in Mar'25, while profit after tax was reported at 61.77 Cr. The earnings per share (EPS) have improved to 6.84 in Mar'25, indicating a favorable trend in profitability. Overall, HLE Glascoat has shown a robust financial trajectory, marked by increasing revenues and profits, alongside a solid growth in shareholder's funds and reserves.

Is HLE Glascoat overvalued or undervalued?

As of November 12, 2025, HLE Glascoat is fairly valued with a PE ratio of 59.39, an EV to EBITDA of 24.46, and a PEG ratio of 0.71, indicating strong growth potential compared to peers like Thermax and BEML Ltd, while also outperforming the Sensex year-to-date with a return of 36.23%.

As of 12 November 2025, HLE Glascoat's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 59.39, an EV to EBITDA of 24.46, and a PEG ratio of 0.71, suggesting that its growth prospects may not be fully reflected in its price. <BR><BR>In comparison to its peers, HLE Glascoat's PE ratio is lower than that of Thermax, which stands at 61.43, while also being more attractive than BEML Ltd's PE of 56.53. The company's ROCE is 14.70%, which is competitive within the industry, although it still trails behind some peers. Notably, HLE Glascoat has outperformed the Sensex year-to-date with a return of 36.23% compared to the Sensex's 8.10%, reinforcing its potential as a solid investment at its current valuation.

Should I buy, sell or hold HLE Glascoat Ltd?

Why is HLE Glascoat Ltd falling/rising?

As of 02-Feb, HLE Glascoat Ltd's stock price is at Rs 372.00, down -1.6% and has underperformed the sector. The stock has seen a significant decline over various time frames, indicating a bearish trend and reduced institutional interest, raising concerns about its future performance.

As of 02-Feb, HLE Glascoat Ltd's stock price is falling, currently at Rs 372.00, reflecting a change of -6.05 (-1.6%). The stock has underperformed the sector by -1.37% today and has been on a consecutive decline for the last two days, resulting in a total drop of -2.61% during this period. Additionally, the stock reached an intraday low of Rs 351.25, which is a significant decrease of -7.09%.<BR><BR>Over the past week, the stock has decreased by -5.04%, while the benchmark Sensex has slightly increased by +0.16%. In the last month, HLE Glascoat's stock has fallen by -17.54%, contrasting with a smaller decline of -4.78% in the Sensex. Year-to-date, the stock is down -15.38%, compared to a -4.17% drop in the benchmark index.<BR><BR>The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 49.16% against the 5-day average, the overall sentiment remains negative due to poor long-term growth prospects. The operating profit has only grown at an annual rate of 12.82% over the last five years, which raises concerns among investors.<BR><BR>Furthermore, institutional investors have reduced their stake in the company by -1.12% over the previous quarter, now holding only 6.62% of the company. This decline in institutional interest suggests a lack of confidence in the stock's future performance, contributing to its current downward trajectory.

Which are the latest news on HLE Glascoat?