Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
1,352.98
1,027.59
967.92
932.02
652.22
484.49
426.47
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
1,352.98
1,027.59
967.92
932.02
652.22
484.49
426.47
Raw Material Cost
603.24
499.15
452.52
420.97
339.08
230.42
229.80
Purchase of Finished goods
0.00
1.38
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
30.39
-51.42
-13.18
7.76
-20.48
6.38
-17.85
Employee Cost
253.21
200.68
178.62
147.22
67.27
36.36
32.45
Power Cost
48.12
42.72
47.43
42.24
27.24
17.45
21.09
Manufacturing Expenses
104.12
71.96
66.31
61.91
55.78
44.60
37.37
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
174.15
129.54
124.16
114.88
73.60
57.62
50.72
Total Expenditure (Excl Depreciation)
1,213.23
894.01
855.86
794.98
542.49
392.83
353.58
Operating Profit (PBDIT) excl Other Income
139.75
133.58
112.06
137.04
109.73
91.66
72.89
Other Income
8.78
7.36
8.82
8.03
8.04
3.93
3.34
Operating Profit (PBDIT)
148.53
140.94
120.88
145.07
117.77
95.59
76.23
Interest
34.45
36.19
30.58
23.05
13.11
9.74
12.22
Exceptional Items
-6.69
0.00
-5.31
0.00
-9.11
0.00
0.00
Gross Profit (PBDT)
107.39
104.75
84.99
122.02
95.55
85.85
64.01
Depreciation
36.45
29.67
26.31
22.70
11.23
8.61
7.44
Profit Before Tax
70.95
75.07
58.68
99.33
84.31
77.24
56.57
Tax
14.38
13.30
17.79
29.52
26.08
23.87
17.37
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
56.57
61.77
40.89
69.81
58.23
53.37
39.20
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
56.57
61.77
40.89
69.81
58.23
53.37
39.20
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-7.14
-15.05
-11.20
0.01
-0.06
-1.05
-0.96
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
49.42
46.71
29.69
69.81
58.17
52.32
38.24
Equity Capital
13.89
13.65
13.65
13.65
13.65
13.08
12.93
Face Value
2.0
2.0
2.0
2.0
10.0
10.0
10.0
Reserves
520.03
445.65
403.15
313.04
239.88
121.61
63.08
Earnings per share (EPS)
7.12
6.84
4.35
10.23
8.52
40.0
29.57
Diluted Earnings per share
7.2
9.05
5.99
10.22
42.65
41.13
30.31
Operating Profit Margin (Excl OI)
10.33%
13.0%
11.58%
14.7%
16.82%
18.92%
17.09%
Gross Profit Margin
7.94%
10.19%
8.78%
13.09%
14.65%
17.72%
15.01%
PAT Margin
4.18%
6.01%
4.22%
7.49%
8.93%
11.02%
9.19%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 31.67% vs 6.16% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 5.80% vs 57.33% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 4.62% vs 19.20% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is -4.81% vs 18.35% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has fallen from Mar 2025
Compare Annual Results Of HLE Glascoat With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
1,352.98
818.55
534.43
65.29%
Other Operating Income
0.00
0.00
0.00
Total Operating income
1,352.98
818.55
534.43
65.29%
Raw Material Cost
603.24
0.00
603.24
Purchase of Finished goods
0.00
423.75
-423.75
-100.00%
(Increase) / Decrease In Stocks
30.39
2.07
28.32
1,368.12%
Employee Cost
253.21
66.47
186.74
280.94%
Power Cost
48.12
0.00
48.12
Manufacturing Expenses
104.12
199.89
-95.77
-47.91%
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
174.15
34.47
139.68
405.22%
Total Expenditure (Excl Depreciation)
1,213.23
726.65
486.58
66.96%
Operating Profit (PBDIT) excl Other Income
139.75
91.90
47.85
52.07%
Other Income
8.78
19.43
-10.65
-54.81%
Operating Profit (PBDIT)
148.53
111.33
37.20
33.41%
Interest
34.45
17.29
17.16
99.25%
Exceptional Items
-6.69
0.00
-6.69
Gross Profit (PBDT)
107.39
94.04
13.35
14.20%
Depreciation
36.45
8.83
27.62
312.80%
Profit Before Tax
70.95
85.22
-14.27
-16.74%
Tax
14.38
20.40
-6.02
-29.51%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
56.57
64.82
-8.25
-12.73%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
56.57
64.82
-8.25
-12.73%
Share in Profit of Associates
0.00
0.00
0.00
Minority Interest
-7.14
0.13
-7.27
-5,592.31%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
49.42
64.95
-15.53
-23.91%
Equity Capital
13.89
11.19
2.70
24.13%
Face Value
2.00
2.00
0.00
Reserves
520.03
556.46
-36.43
-6.55%
Earnings per share (EPS)
7.12
11.61
-4.49
-38.67%
Diluted Earnings per share
7.20
11.57
-4.37
-37.77%
Operating Profit Margin (Excl OI)
10.33%
11.23%
0.00
-0.90%
Gross Profit Margin
7.94%
11.49%
0.00
-3.55%
PAT Margin
4.18%
7.92%
0.00
-3.74%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 1,352.98 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 31.67% vs 6.16% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 49.42 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 5.80% vs 57.33% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 139.75 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 4.62% vs 19.20% in Mar 2025
Annual - Interest
Interest 34.45 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -4.81% vs 18.35% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 10.33%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has fallen from Mar 2025






