1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
HLE Glascoat Ltd

HLE Glascoat Ltd

383.80
INR
-0.15
(-0.04%)
5.92EPS
73.45P/E
26.53BMarket Cap
Nov 11Next Earn
HLE Glascoat Ltd
BSE:HLEGLAS
(Bombay Stock Exchange)

Recent

price

383.80

P/E

ratio

73.45

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
21.18
28.16
30.25
30.72
35.38
36.97
32.58
29.7
55.12
65.55
74.21
94.67
135.32
194.07
148.43
194.81
199.11
Revenue per Share
1.08
1.12
1.44
1.52
1.82
1.66
1.25
1.65
2.77
5.91
8.06
8.52
10.23
5.99
7.96
7.18
5.2
Basic EPS, GAAP
-0.7
1.71
0.86
4.11
-0.02
2.08
-0.36
2.21
4.93
3.4
2.47
-10.01
-6.38
7.98
9.87
15.33
- -
Free Cash Flow per Basic Share
0.4
0.4
0.44
0.44
0.5
0.54
0.43
0.34
0.14
0.48
0.5
0.79
1
1.52
1.12
1.09
- -
Dividend per Share
6.58
7.19
8.12
9.06
9.45
11.13
14.49
15.84
12.68
11.47
20.37
36.97
47.75
62.56
70.03
76.87
- -
Book Value per Share
6.52
7.11
8.03
8.96
9.32
10.99
12.63
14.16
11.15
10.77
19.79
36.35
47.19
33.99
41.52
48.68
- -
Tangible Book Value per Share
25
25
25
25
25
25
25
33
65
65
65
68
68
50
69
69
69
Basic Weighted Avg Shares
530
704
756
768
884
924
815
965
3,564
4,238
4,814
6,463
9,238
9,618
10,222
13,417
13,698
Sales/Revenue/Turnover
11.86
9.9
10.83
10.65
9.63
9.98
8.72
8.44
11.32
15.88
18.26
15.6
12.73
9.71
10.63
8.06
6.21
Operating Margin (%)
16
17
19
20
24
23
25
30
65
74
86
112
227
263
297
365
380
Depreciation Expense
27
28
36
38
45
42
31
54
179
382
523
582
698
297
549
494
358
Net Income, GAAP
29.98
39.51
32.43
33.88
20.19
33.69
34.08
20.57
32.65
30.7
30.9
30.93
29.72
30.32
17.72
20.27
22.26
Effective Tax Rate (%)
5.11
3.99
4.77
4.95
5.13
4.49
3.83
5.55
5.02
9.02
10.87
9
7.56
3.09
5.37
3.68
2.61
Profit Margin (%)
- -
7
20
51
75
133
289
277
157
290
648
1,467
1,525
1,313
791
1,126
- -
Working Capital
22
21
19
11
42
71
30
19
601
315
382
1,250
992
1,692
1,344
1,281
- -
LT Debt
164
180
203
226
236
278
471
515
422
774
1,348
2,536
3,268
4,967
5,543
6,182
- -
Total Equity
8.24
6.75
8.95
9.53
10.92
8.76
5.52
10.29
25.21
29.33
31.18
18.48
15.86
8.15
9.75
8.46
- -
Return on Invested Capital (%)
8.42
8.08
9.59
14.25
17.21
13.49
8.77
10.65
24.98
29.29
31.53
20.01
16.22
5.41
8.55
7.34
- -
Return on Capital (%)
17.28
16.32
18.86
17.71
19.62
16.15
8.33
10.87
38.59
66.29
50.47
30.17
24.14
7.88
12.12
9.77
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,195
- -
LT Borrowings
- -
1,006
- -
LT Finance Leases
- -
275
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
69
69
69
Market Capitalization
30,532
17,412
26,532

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
7,163
- -
Cash, Cash Equivalents & STI
- -
344
- -
Accounts Receivable, Net
- -
2,699
- -
Inventories
- -
3,558
- -
Total Current Liabilities
- -
6,037
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,195
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.04%
38.42%
11.54%
Free Cash Flow
-136.36%
-125.26%
55.3%
Net Income, GAAP
47.98%
9.72%
-9.9%
Sales/Revenue/Turnover
42.72%
23.77%
31.25%
Total Cash Common Dividend
30.98%
20.69%
-3.07%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,271
2,358
2,310
3,337
10,222
2026
2,839
3,508
3,266
3,917
13,417
2027
3,008
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.5
1.99
1.24
3.98
7.96
2026
2.36
1.76
0.41
2.65
7.18
2027
0.4
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.12
2026
- -
- -
- -
- -
1.09
2027
- -
- -
- -
- -
- -
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Business
HLE Glascoat Limited manufactures and sells glass-lined equipment, filtration and drying systems, and related engineering products for the chemical, pharmaceutical, and allied industries. The company produces a comprehensive range of glass-lined reactors, storage tanks, receivers, heat exchangers, columns, agitated nutsche filters, rotary vacuum paddle dryers, and other chemical process equipment made from carbon steel, glass-lined steel, and exotic alloys; it also offers spares such as flush bottom outlet valves, bellows-sealed valves, agitators, baffles, dip pipes, and maintenance hole covers, alongside glass-lined repair, maintenance, inspection, cleaning, refurbishment services, and custom engineering design solutions. Headquartered in Anand, Gujarat, India, and founded in 1981 as part of the Patel Group established in 1951, HLE Glascoat operates three integrated manufacturing facilities in India, including Mairoli Works and Anand Works, and serves domestic and international markets across dyes and pigments, pesticides, intermediates, resins, food processing, and other sectors. In August 2025, its wholly owned step-down subsidiary, HLE Surface Technologies GmbH, completed the acquisition of specific assets from Germany-based Omeras GmbH and all shares of Omerastore GmbH for 2.75 million euros, expanding into infrastructure segments such as transport, tunnels, clean rooms, renewable energy storage, water and wastewater management, and architectural applications while strengthening its European manufacturing presence and access to the Middle East, Asia-Pacific, Africa, and Latin America markets. The company, formerly known as Swiss Glascoat Equipments Limited until its rebranding in December 2019 following integration with HLE Engineers, maintains market leadership in filtration and drying equipment globally and continues to invest in research and development for corrosion-resistant glass frit and lining technologies.