HLE Glascoat

Why is HLE Glascoat Ltd falling/rising?

As of 11-Aug, HLE Glascoat Ltd's stock price is at 379.75, down 19.99% due to underperformance against its sector and a trend reversal after previous gains. The company faces significant financial challenges, including a 79.3% drop in profit after tax and a year-to-date decline of 13.61%.

As of 11-Aug, HLE Glascoat Ltd's stock price is falling, currently at 379.75, reflecting a significant decrease of 94.9 points or 19.99%. This decline is attributed to several factors. Firstly, the stock has underperformed the sector by 19.03% today, indicating a notable weakness compared to its peers. Additionally, the stock opened with a loss of 19.99%, reaching an intraday low of 379.75, and has not shown any range in trading since then.<BR><BR>The stock has also experienced a trend reversal, having fallen after five consecutive days of gains, which may have triggered profit-taking among investors. Furthermore, the stock's performance over various time frames shows a consistent decline, with a year-to-date drop of 13.61% and a three-year decline of 35.53%, significantly underperforming the Sensex, which has gained 19.64% over the same period.<BR><BR>Financially, the company has reported a substantial decrease in profitability, with a 79.3% fall in profit after tax for the most recent quarter compared to the previous four-quarter average, alongside an 11.1% decline in net sales. These figures highlight ongoing challenges in maintaining growth, as the operating profit has only grown at an annual rate of 4.52% over the last five years, suggesting poor long-term growth prospects.<BR><BR>Despite some positive factors, such as high management efficiency and a fair valuation compared to peers, the overall negative financial performance and significant underperformance relative to the broader market have contributed to the stock's current decline.

Should I buy, sell or hold HLE Glascoat Ltd?

Which are the latest news on HLE Glascoat?

When is the next results date for HLE Glascoat Ltd?

The next results date for HLE Glascoat Ltd is 10 August 2026.

The next results date for HLE Glascoat Ltd is scheduled for 10 August 2026.

How big is HLE Glascoat?

As of 10th June, HLE Glascoat Ltd has a market capitalization of 2,565.00 Cr, with recent Net Sales of 1,352.99 Cr and a Net Profit of 47.77 Cr. The company reported Shareholder's Funds of 459.31 Cr and Total Assets of 1,288.01 Cr for the latest annual period ending March 2025.

As of 10th June, HLE Glascoat Ltd has a market capitalization of 2,565.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, HLE Glascoat reported Net Sales of 1,352.99 Cr and a Net Profit of 47.77 Cr.<BR><BR>For the latest annual period ending March 2025, the company had Shareholder's Funds of 459.31 Cr and Total Assets amounting to 1,288.01 Cr.

Who are in the management team of HLE Glascoat?

The management team of HLE Glascoat includes Himanshu Patel (Managing Director), Nilesh Patel (Director), Harsh Patel (Whole Time Director), Aalap Patel (Executive Director), and Yatish Parekh (Chairman & Independent Director), along with several independent directors and the Company Secretary, Achal Thakkar.

The management team of HLE Glascoat includes the following members:<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>If you need more details about any specific member or their roles, feel free to ask!

Who are the peers of the HLE Glascoat?

HLE Glascoat's peers include Standard Enginee, Concord Control, Windsor Machines, Jash Engineering, JNK, Kilburn Engg., Honda India, Pennar Industrie, and HMT. In terms of management risk, HLE Glascoat has a Good rating, while its 1-year return is -20.57%, better than Pennar Industrie but lower than Concord Control's 161.85%.

Peers: The peers of HLE Glascoat are Standard Enginee, Concord Control, Windsor Machines, Jash Engineering, JNK, Kilburn Engg., Honda India, Pennar Industrie, and HMT.<BR><BR>Quality Snapshot: Excellent management risk is observed at JNK and Honda India, while Good management risk is found at HLE Glascoat. Average management risk is present at Standard Enginee, Concord Control, Jash Engineering, Kilburn Engg., and Pennar Industrie, and the rest. Below Average management risk is noted at Windsor Machines, while HMT does not qualify. In terms of Growth, Excellent growth is seen at Concord Control and Kilburn Engg., while Good growth is observed at JNK and Pennar Industrie. HLE Glascoat, Windsor Machines, Jash Engineering, and Honda India exhibit Below Average growth, and the rest. Aimtron shows Excellent growth but is not listed as a peer of HLE Glascoat. <BR><BR>Return Snapshot: The peer with the highest 1-year return is Concord Control at 161.85%, while the lowest is Pennar Industrie at -37.92%. HLE Glascoat's 1-year return is -20.57%, which is higher than Pennar Industrie but lower than Concord Control. Additionally, the six-month return is negative for Standard Enginee, HLE Glascoat, Kilburn Engg., Honda India, and Pennar Industrie.

What does HLE Glascoat do?

HLE Glascoat Limited is a leading Indian manufacturer of process equipment for the chemical and pharmaceutical sectors, with a market cap of INR 2,565 Cr and reported net sales of 392 Cr and net profit of 18 Cr for the quarter ending March 2026. The company has a P/E ratio of 48.00 and a dividend yield of 0.29%.

Overview:<BR>HLE Glascoat Limited is a leading manufacturer of process equipment for the chemical and pharmaceutical sectors in India, operating within the small-cap industrial manufacturing industry.<BR><BR>History:<BR>HLE Glascoat Limited was incorporated on August 26, 1991, originally under the name 'Shri Glassteel Equipments Limited', which was later changed to 'Swiss Glasscoat Equipment Limited' on March 03, 1992. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 392 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 18 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 2,565 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 48.00<BR>- Industry P/E: 37<BR>- Dividend Yield: 0.29%<BR>- Debt Equity: 0.54<BR>- Return on Equity: 10.03%<BR>- Price to Book: 4.83<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

Are HLE Glascoat Ltd latest results good or bad?

HLE Glascoat Ltd's latest results show strong revenue growth with a record quarterly revenue of ₹391.69 crores, but profitability concerns arise from a 10.57% year-on-year net profit decline and significant margin compression, suggesting a cautious outlook despite the positive top-line performance.

HLE Glascoat Ltd's latest results present a mixed picture. On one hand, the company achieved its highest quarterly revenue of ₹391.69 crores, marking a significant sequential increase of 19.94% and a year-on-year growth of 17.37%. This indicates strong demand and operational responsiveness, particularly as the net profit saw an impressive sequential growth of 542.76%, rising to ₹18.19 crores.<BR><BR>However, there are notable concerns regarding profitability. Despite the revenue growth, the net profit declined by 10.57% year-on-year, and both operating and PAT margins have compressed significantly compared to the previous year. The operating margin fell from 15.58% to 10.93%, and the PAT margin decreased from 9.48% to 5.14%. These declines suggest that while the company is growing its top line, it is facing challenges in maintaining profitability, likely due to rising costs, particularly in employee expenses.<BR><BR>Additionally, the company's valuation appears elevated, trading at a P/E ratio of 38x compared to the industry average of 35x, which raises questions about whether the current stock price is justified given the margin pressures.<BR><BR>In summary, while the latest results show strong sequential recovery and revenue growth, the persistent margin compression and year-on-year profit decline indicate that the overall performance is concerning, warranting a cautious outlook.

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.

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.

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.

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.