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HLE Glascoat Limited

HLE Glascoat Limited

NSE: HLEGLAS
Specialty Industrial MachineryIndustrialsSMALL CAPMCap ₹2.88k Cr
₹415.30₹16.05 (+4.02%)

Live • NSE

Market cap₹2.88k Cr
Enterprise value₹3.14k Cr
P/E TTM79.56
P/B5.34
EPS TTM₹5.22
ROCE12.10%
D/E0.56
Dividend yield0.00%
Face value₹2.00
52W high₹661.95
52W low₹250.00
Price chart(1Y)
1Y Return:+8.89% (+₹33.90)
H: ₹485L: ₹303.5
1W+2.14%
1M-0.08%
3M-5.16%
6M+26.79%
1Y-14.84%
Today at a glance

Day range

₹397.10₹419.15

52 week range

₹250.00₹661.95
Volume98.1K0.40x 20D avg
Free float50.00%-60.30% volume

HLE Glascoat Limited closed at INR415.30 (+4.02%) on volume 0.4x its 20-day average, trading 37.26% below its 52-week high.

Technical analysis
RSI (14)50.3Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹24.36High
SMA 20₹433.69BEARISH
SMA 50₹383.24BULLISH
SMA 100₹389.90BULLISH
SMA 200₹365.78BULLISH
CPR bottom₹410.93
Pivot₹407.03
CPR top₹403.14
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -89.8% QoQ

2026-09-23

DIVIDEND Announced

Dividend - Rs 1.10 Per Share

2025-09-19

DIVIDEND Announced

Dividend - Rs 1.10 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹347.6 Cr₹2.88k Cr12.05%≤ 33%PASS
Non-halal income ratio–₹1.35k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.35k Cr₹1.38k Cr97.51%≥ 20%PASS
Receivables ratio–₹1.38k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E79.5628.10
Forward P/E——
P/B5.343.10
EV/EBITDA—18.00
PEG—1.10
Earnings yield1.303.60
Growth & profitability
RevenuePAT
FY24PAT margin 4.20%
FY25PAT margin 6.00%
FY26PAT margin 4.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+9.60%
Revenue CAGR 5Y+7.10%
PAT CAGR 3Y-3.40%
PAT CAGR 5Y+10.70%
Operating margin3.67%
Net margin2.61%
Financial health & cash flow
Net debt₹313.2 CrModerate
Interest coverage3.00xEBIT / interest
CFO / PAT2.71x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹161.2 Cr
Capital expenditure–
Free cash flow₹105.6 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability65/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 2.71x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 79.6x

Bull case

Market Leadership: Established operational scale in Specialty Industrial Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
7.15%Institutional holding
27.22%Public holding
5Periods available
0.00%Promoter pledged
71.27KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
23 Sept 2026Dividend₹1.10 / share—23 Sept 2026
19 Sept 2025Dividend₹1.10 / share—19 Sept 2025
—Dividend₹1.10 / share—19 Sept 2024
—Dividend₹1.10 / share—21 Sept 2023
19 Oct 2022Dividend₹10.00 / share—18 Oct 2022
—Dividend₹5.00 / share—24 Aug 2022
—Dividend₹4.00 / share—30 Aug 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)53.62%-3.20% latest vs average
Highest delivery73.82%on 21 Sept
Average volume (20D)246.7KTrading-session average
Conviction trendWeakening-3.20% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L93.500.58%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About HLE Glascoat Limited
HLE Glascoat Limited

HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country.[1]

IndiaIndustrials

Questions investors ask
Is HLE Glascoat Limited Shariah compliant?

HLE Glascoat Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (12.05%) complies with AAOIFI threshold (≤ 33%).

What is HLE Glascoat Limited's current valuation relative to peers?

HLE Glascoat Limited trades at a P/E of 79.6x compared to the sector median of 28.1x, and a Price-to-Book of 5.3x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.56x. Interest coverage is 3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.1% while net profit growth averaged 10.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.