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NSE:HLEGLAS

HLE GLASCOAT LIMITED

Capital Goods › Industrial Manufacturing
₹409.70
at close · 27 Oct 2026
▲ 19.50 (+5.00%)

Latest filings

Next results: Mon, 2 Nov · Financial Results
  1. Board to approve September 2026 quarterly and half-year results on November 2 · Results
  2. Submission of Confirmation Certificate under Regulation 74(5) for Q2 FY27 · Compliance
  3. Internal group restructuring among wholly owned subsidiaries · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures industrial process equipment across three product lines — Glass Lined Products, Filtration, Drying and Other Equipment, and Heat Transfer Equipment — from manufacturing units at Anand, Maroli and Silvassa. Glass Lined Products was the largest segment by revenue at ₹676.36 crore in FY26, followed by Filtration, Drying and Other Equipment at ₹474.34 crore and Heat Transfer Equipment at ₹200.34 crore, with overall consolidated revenue of ₹1,352.98 crore. The company acquired Omeras Germany in August 2025, which recorded an EBITDA loss of ₹15.3 crore and a PAT loss of ₹15.6 crore in its first year due to transition challenges. An order book of ₹681.6 crore as of March 2026 provides revenue visibility, equivalent to 10 months of coverage for the international business and 4 months for the India business. Raw materials are the largest cost at 44.6% of revenue, followed by employee costs at 18.7% and other operating expenses at 24.1%.

Operating scale
Order book
₹681.6 croreMarch 2026
FY26 revenue
₹1,352.98 crore
Manufacturing units
Anand, Maroli, Silvassa
Foreign subsidiary
Omeras Germany (acquired August 2025)
Omeras FY26 EBITDA loss
₹15.3 crore
Omeras FY26 PAT loss
₹15.6 crore
Who pays it
Industrial process manufacturers, including chemical and pharmaceutical companies
Biggest cost
Raw materials at 44.6% of revenue
Kind of business
Cyclical, asset-heavy industrial process equipment manufacturing
Where it sits
Strong market position in glass-lined and process equipment
Market Cap
₹2,846 Cr
P / E (TTM)
78.5×
EV / EBITDA
25.1×
Div Yield
0.26%
Growth
22.8%▲
Revenue 5y CAGR
PAT +1.2% · EBITDA +8.2%
Quality
15.3%▲
ROCE (5y median)
ROE 11.1% (5y median) · margin 10.5%
Leverage
0.51·
Debt / Equity · moderate
Net debt ₹279 Cr
Revenue FY21→FY26
2.8×▲
Margin −6.8 pts
₹484 Cr → ₹1,353 Cr
Cash conversion
1.41×▲
Operating cash ÷ profit · 5 yrs
₹405 Cr on ₹287 Cr
Moves on a normal day
1.80%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#106/130
P/B#69/112
ROCE#89/142
ROE#60/113
Debt / Equity#85/113
EBITDA margin#83/110
Revenue growth#75/114
Profit growth#95/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 23% a year over 5 years
Returns on capital 15.3% (5-year median)
#89 of 142 in Industrial Products on the latest reported figures · down from 44.9% in FY21
Over 5 years it reported ₹287 Cr of profit and ₹405 Cr of operating cash — 1.41×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.51× equity
higher than 75% of its 113 Industrial Products peers
Heavy working capital — 129 days of cash tied up
Customers are taking longer to pay — 52 → 73 days of receivables
FY21 → FY26
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

HLEGLAS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from HLE GLASCOAT LIMITED's filed financials and exchange disclosures

What does HLE GLASCOAT LIMITED do?

HLE GLASCOAT LIMITED is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol HLEGLAS.

Is HLE GLASCOAT LIMITED profitable?

Yes. Over the trailing twelve months HLE GLASCOAT LIMITED reported a net profit of ₹41 Cr on revenue of ₹1,370 Cr.

Does HLE GLASCOAT LIMITED pay a dividend?

Yes. The dividend yield is 0.26% at the current price. It paid out 13% of its profit as dividend in FY26.

Is HLE GLASCOAT LIMITED debt-free?

No. It reported borrowings of ₹313 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹279 Cr after cash. Debt stands at 0.51× equity. That is higher than 75% of its 113 Industrial Products peers.

Is HLE GLASCOAT LIMITED expensive compared with its peers?

On trailing P/E, HLE GLASCOAT LIMITED ranks 106 of 130 in Industrial Products — cheaper than 19% of them, against an industry median of 26.5×. This is a position, not a valuation judgement.

How much does the HLE GLASCOAT LIMITED share price move in a day?

On a typical session HLE GLASCOAT LIMITED moves 1.80% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are HLE GLASCOAT LIMITED's next results?

Financial Results on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track HLE GLASCOAT LIMITED's announcements?

Every NSE and BSE filing by HLE GLASCOAT LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.