Announced Fri, 17 Jul · 22:08 IST
HLE Glascoat credit ratings reaffirmed by ICRA at A with Stable outlook
Credit & Debt View source PDF
HLEGLAS · price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹422.20
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
ICRA reaffirmed HLE Glascoat ratings at A (Stable) long-term and A2+ short-term on facilities of Rs 517.5 crore. FY2026 revenue rose about 32 percent YoY to Rs 1,353 crore but profit after tax slipped to Rs 56.6 crore. EBITDA margin fell to 10.3 percent from 13 percent. Gearing improved to 0.56 times and order book is about Rs 682 crore.
Likely market impact
Reaffirmed rating with stable outlook signals steady credit profile despite margin dip. Supports borrowing capacity and investor confidence.