HLE Glascoat
HLE Glascoat Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for HLE Glascoat Ltd, framed against the sector median so the premium or discount is obvious at a glance.
HLE Glascoat Ltd trades at a P/E of 52.75× and P/B of 4.89×.
Valuation
Profitability
Growth
Financial Health
HLE Glascoat Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for HLE Glascoat Ltd, switchable between annual and quarterly views, consolidated or standalone.
HLE Glascoat Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,694.15 Cr and reported EPS of ₹7.21.
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 426 | 484 | 652 | 932 | 968 | 1,028 | 1,353 |
| Other Income | 3 | 4 | 8 | 8 | 9 | 7 | 9 |
| Total Income | 430 | 488 | 660 | 940 | 977 | 1,035 | 1,362 |
| Cost of Goods Sold (COGS) | 212 | 237 | 319 | 433 | 440 | 449 | 634 |
| Gross Profit | 215 | 248 | 334 | 499 | 528 | 578 | 719 |
| +Operating Expenses | 142 | 156 | 224 | 362 | 415 | 445 | 580 |
| EBITDA | 73 | 92 | 110 | 137 | 112 | 134 | 140 |
| +Non-Operating Expenses | 20 | 18 | 15 | 46 | 52 | 66 | 64 |
| Profit Before Tax (PBT) | 57 | 77 | 84 | 99 | 59 | 75 | 71 |
| +Tax Expense | 17 | 24 | 26 | 30 | 18 | 13 | 14 |
| Profit After Tax (PAT) | 39 | 53 | 58 | 70 | 41 | 62 | 57 |
| Earnings Per Share (EPS) | 5.91 | 8.00 | 8.52 | 10.23 | 4.35 | 6.84 | 7.12 |
| Diluted Shares Outstanding (Nos.) | 6 | 7 | 7 | 7 | 7 | 7 | 7 |
| +Additional Disclosures | 586 | 649 | 887 | 1,283 | 1,365 | 1,427 | 1,939 |
| Sales Growth % | — | 13.60 | 34.62 | 42.82 | 3.91 | 6.16 | 31.67 |
| YoY Sales Growth % | — | 13.60 | 34.62 | 42.82 | 3.91 | 6.16 | 31.67 |
| Material Cost % | 54 | 48 | 52 | 46 | 47 | 49 | 45 |
| Employee Cost % | 8 | 8 | 10 | 16 | 18 | 20 | 19 |
| Other Cost % | 26 | 25 | 24 | 23 | 25 | 24 | 24 |
| OPM % | 17 | 19 | 17 | 15 | 12 | 13 | 10 |
| Tax % | 31 | 31 | 31 | 30 | 30 | 18 | 20 |
| Profit Growth % | — | 36.15 | 9.11 | 19.87 | -41.43 | 51.06 | -8.42 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 65 | 83 | 99 | 114 | 86 | 104 | 103 |
HLE Glascoat segment analysis: revenue and profit mix.
Disclosed business segments at HLE Glascoat with their share of revenue and profit, switchable between consolidated and standalone reporting.
HLE Glascoat discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
HLE Glascoat Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy HLE Glascoat Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
HLE Glascoat Ltd's investment case rests on 6 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
HLE Glascoat demonstrates robust quarterly profit growth, with a significant 334% increase in the latest quarter, alongside a healthy 25% rise in quarterly sales, indicating strong operational efficiency and market demand.
A substantial promoter holding of 65.6% signals strong insider confidence and alignment of interests between management and shareholders, potentially reducing risks of hostile takeovers.
HLE Glascoat maintains a respectable Return on Equity (ROE) of 10.70%, indicating effective utilization of shareholder capital to generate profits, which supports its current valuation.
The company exhibits a healthy operating profit margin (OPM) of 13.80%, showcasing its strong ability to manage operational costs and generate profits efficiently from its core business activities.
HLE Glascoat's relatively smaller market capitalization of ₹3,887 Cr compared to larger peers suggests substantial room for market share expansion and growth within its industry.
What can break it.
HLE Glascoat's elevated price-to-book value ratio of 8.47 suggests the market is pricing the stock at a substantial premium to its net asset value, potentially indicating overvaluation and future price correction risk.
A debt-to-equity ratio of 0.83 indicates a notable level of financial leverage, which, while manageable, could elevate financial risk during economic downturns or unforeseen market disruptions.
Despite recent strong quarterly profit growth, historical financial data reveals significant volatility in profitability, raising concerns about the sustainability of earnings and future predictability.
A noticeable decrease in promoter holding from 70.32% to 65.64% over recent periods could signal potential dilution of control or future share sales, warranting close investor monitoring.
HLE Glascoat's high P/E ratio of 69.10 significantly exceeds the sector P/E of 45.49, suggesting a premium valuation that might not be fully justified by its current growth trajectory.
What would change my mind.
Trim if P/E re-rates above 69. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 56.72. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
HLE Glascoat Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — HLE Glascoat Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
HLE Glascoat Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for HLE Glascoat Ltd — derived from the live tape, not yesterday's close.
HLE Glascoat Ltd last traded at ₹387.25 with an intraday range of ₹381.55–₹395 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹387.25| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 421.22 | +33.97 | +8.77% |
| R3 | 407.77 | +20.52 | +5.30% |
| R2 | 401.38 | +14.13 | +3.65% |
| R1 | 394.32 | +7.07 | +1.82% |
| PIVOT | 387.93 | 0.68 | 0.18% |
| CURRENT | 387.25 | — | — |
| S1 | 353.97 | -33.28 | -8.59% |
| S2 | 367.42 | -19.83 | -5.12% |
| S3 | 374.48 | -12.77 | -3.30% |
| S4 | 380.87 | -6.38 | -1.65% |
HLEGLAS is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 381.55 ~ 395
Trading Inside opening range
HLE Glascoat Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for HLE Glascoat Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in HLE Glascoat Ltd stood at 36.6% of traded volume, against a 20-day average of 34.0%.
HLE Glascoat announcements: results, concalls, ratings, M&A.
Filings HLE Glascoat sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
HLE Glascoat files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 89 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
HLE Glascoat Limited has informed the Exchange about Transcript of the Earnings Call held on 25 May, 2026 for Q4 and year ended FY 2025-26.
Analysts/Institutional Investor Meet/Con. Call Updates
HLE Glascoat Limited has informed the Exchange about Schedule of meet.
Copy of Newspaper Publication
HLE Glascoat Limited has informed the Exchange about Copy of Newspaper Publication of AFR Q4 FY 2025-26
Investor Presentation
HLE Glascoat Limited has informed the Exchange about Investor Presentation
Press Release
HLE Glascoat Limited has informed the Exchange regarding a press release dated May 19, 2026, titled "Investor Release for Q4 FY 2025-26".
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
HLE Glascoat insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in HLE Glascoat as reported to SEBI — buying and selling signals from the people who know the business best.
HLE Glascoat insider activity below tracks 3 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Himanshu Khushalbhai Patel | Insider | 28 Mar 2025 | buy | +15.0 K | ₹36.53 L | ₹243.55 |
| Harsh Himanshubhai Patel | Insider | 28 Mar 2025 | buy | +25.6 K | ₹63.91 L | ₹249.75 |
| Nilesh Khushalbhai Patel | Insider | 28 Mar 2025 | buy | +20.0 K | ₹48.93 L | ₹244.63 |
HLE Glascoat dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue HLE Glascoat has declared, sequenced by announce and record date.
HLE Glascoat corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About HLE Glascoat Ltd: business, sector, key facts.
What HLE Glascoat Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
HLE Glascoat Ltd operates in the Industrials, listed as NSE: HLEGLAS, BSE: 522215.
HLE Glascoat Limited is a prominent Indian manufacturer and supplier of glass-lined carbon steel equipment, catering to both domestic and international markets. Their business is segmented into four key areas: Filtration, Drying, and Other Equipment; Glass-Lined Equipment; Heat Transfer Equipment; and a segment encompassing specialized exotic metal and GMP pharma equipment. This diversified approach allows them to serve a broad spectrum of industries with tailored solutions.
The Filtration, Drying, and Other Equipment segment focuses on producing a range of machinery for various process applications. This includes agitated nutsche filters for solid-liquid separation, rotary vacuum paddle dryers for efficient moisture removal, kilo-lab filters for smaller-scale operations, rapid disc dryer-coolers, orbicular driers, and other ancillary chemical processing equipment, along with necessary spares and accessories. This segment supports industries needing controlled and precise material handling and processing.
The core of HLE Glascoat's business lies in its Glass-Lined Equipment segment. Here, they manufacture a wide array of equipment crucial for chemical processing. This includes reactors for chemical reactions, heat exchangers for temperature control, receivers for collecting products, storage tanks, columns for various separation processes, agitators for mixing, and associated valves, pipes, and fittings. These products are essential for many chemical production processes, emphasizing durability and resistance to corrosion.
HLE Glascoat's Heat Transfer Equipment segment further complements their offerings by providing efficient solutions for thermal management. They produce a variety of heat exchangers, including spiral, corrugated, plate tube, box type, and shell and tube heat exchangers, meeting diverse industrial heat transfer needs. This segment contributes significantly to process optimization across various industries.
Finally, the company also provides exotic metal equipment and equipment adhering to Good Manufacturing Practices (GMP) standards for the pharmaceutical sector. This specialized segment underscores their commitment to serving high-demanding applications in the pharmaceutical and related industries, emphasizing quality and regulatory compliance. HLE Glascoat's diverse product portfolio and focus on quality make them a key player in the global chemical equipment market, serving clients across pharmaceutical, agrochemical, dye, pigment, food, and various other industrial sectors.
Questions investors ask about HLE Glascoat Ltd (HLEGLAS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of HLE Glascoat Ltd (HLEGLAS)?
The current share price of HLE Glascoat Ltd (HLEGLAS) is ₹387.25. Today, the stock has gained by ₹5.85 (1.53%), trading in a range of ₹381.55 to ₹395. The stock opened at ₹395 with a trading volume of 1,47,917 shares.
02Is HLE Glascoat Ltd stock a good investment for long-term?
HLE Glascoat Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,694.15 crores, P/E ratio of 52.75, ROE of 9.65%, and ROCE of 12.50%. The dividend yield stands at 0.29%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of HLE Glascoat Ltd stock?
The 52-week high price of HLE Glascoat Ltd (HLEGLAS) is ₹661.95, while the 52-week low is ₹250. Currently trading at ₹387.25, the stock is 33.3% away from its 52-week low and 41.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy HLE Glascoat Ltd stock at the current price?
Whether to buy HLE Glascoat Ltd stock at ₹387.25 depends on multiple factors. The stock is currently trading with a P/E ratio of 52.75 and P/B ratio of 4.89. Today's performance shows a gain of 1.53%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of HLE Glascoat Ltd and when is the next dividend?
HLE Glascoat Ltd offers a dividend yield of 0.29%, which means for every ₹100 invested at the current price of ₹387.25, you can expect to receive approximately ₹0.29 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of HLE Glascoat Ltd?
HLE Glascoat Ltd's key financial metrics include: P/E Ratio: 52.75, P/B Ratio: 4.89, ROE: 9.65%, ROCE: 12.50%, Dividend Yield: 0.29%, EPS: ₹7.21, Book Value: ₹77.8, and Debt-to-Equity: 56.22. The company's market cap stands at ₹2,694.15 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is HLE Glascoat Ltd stock performing today in the market?
HLE Glascoat Ltd stock opened at ₹395 and is currently trading at ₹387.25, showing a gain of ₹5.85 (1.53%). The intraday high is ₹395 and low is ₹381.55. The trading volume stands at 1,47,917 shares, indicating moderate market participation today.
08What is the P/E ratio of HLE Glascoat Ltd and what does it indicate?
HLE Glascoat Ltd has a Price-to-Earnings (P/E) ratio of 52.75, which means investors are willing to pay ₹52.75 for every ₹1 of earnings. With an EPS of ₹7.21, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about HLE Glascoat Ltd (HLEGLAS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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