HLEGLAS

The stock has been placed in Additional Surveillance Measure (ASM) list STASM - I (11).

HLE Glascoat Ltd.

NSE: HLEGLAS

BSE: 522215

Sector: Capital Goods

Industry Group: Industrial Manufacturing

Industry: Industrial Products

425.85-16.2 (-3.66%)

5 Oct, 3:30 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

43.1 / 100

Value Score

24.3 / 100

Price Momentum Score

44.7 / 100

QVM Score

21.5 / 100

Key Metrics

Market Cap

3017.65

P/E (TTM)

86.07

P/B

5.65

P/S (TTM)

2.20

EV/EBITDA

26.80

CAPE (5Y)

96.14

ROE (TTM)

9.95

ROCE (TTM)

10.87

ROA (TTM)

3.70

Avg 3Y ROE

9.21

Earnings 3Y CAGR

-17.32

Sales 3Y CAGR

14.01

Sales 5Y CAGR

21.14

Debt/Equity

0.65

Consensus TP

Strong Buy %

Promoter Holding

65.64

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of HLE Glascoat Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 26.31% for 12-month ended 30 Jun 2026 and the growth was 15.67 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 10.64

Value 26.31

-98.36774.95

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.65 as on 30 Jun 2026 and Debt to Equity decreased marginally by 0.18 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 84.2 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

84.2 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 86.07 indicates that the stock is expensive on a standalone basis and is at a 199.79% premium to industry median P/E

What is P/E Ratio?

Median: 28.71

Value 86.07

-10707.75279.06

Low but stable ROE

The company reported low ROE of 9.95% for 12-month ended 30 Jun 2026 and ROE declined marginally by -70 bps from 1 year ago

What is ROE (FY)?

Low and declining operating margin

The company reported low operating margin of 6.21% for 12-month ended 30 Jun 2026 and operating margin declined by -471 bps from 1 year ago

What is Operating profit margin?

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -44.94% for 12-month ended 30 Jun 2026 and the growth was 49.63 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.25%

What is Dividend yield?

Neutral

Not enough talking points with neutral stance

Financial Snapshot

See detailed analysis

Multi-year trends for HLE Glascoat Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

HLE Glascoat Ltd. Shareholding Pattern

Quarterly breakdown of HLE Glascoat Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	74.25	74.25	74.25	73.43	73.43	71.32	71.32	70.32	70.32	70.32	70.32	70.32	70.32	70.32	66.69	66.69	66.69	66.69	66.69	66.69	66.69	66.78	65.64	65.64	65.64	65.64
Indian Promoter	74.25	74.25	74.25	73.43	73.43	71.32	71.32	70.32	70.32	70.32	70.32	70.32	70.32	70.32	66.69	66.69	66.69	66.69	66.69	66.69	66.69	66.78	65.64	65.64	65.64	65.64
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	-	-	-	1.10	1.10	3.93	4.53	5.88	5.87	5.60	5.06	5.01	5.02	4.83	8.18	8.18	8.05	7.84	7.59	7.53	7.64	8.02	7.74	6.62	7.14	6.76
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	0.02	0.02	0.03	0.03	0.04	3.56	3.58	3.57	3.57	3.52	3.52	3.52	3.52	3.46	3.46	3.46	3.46
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	1.10	1.10	3.08	3.67	5.03	5.02	4.73	4.32	4.30	4.31	4.30	4.25	4.24	4.29	4.26	4.07	4.01	4.12	4.01	3.70	2.14	2.27	2.05
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.86	0.86	0.85	0.85	0.85	0.72	0.68	0.68	0.49	0.37	0.37	0.20	0.00	0.00	0.00	0.00	0.49	0.58	1.02	1.41	1.25
Non-Institution	25.75	25.75	25.75	25.47	25.47	24.74	24.14	23.80	23.81	24.09	24.62	24.67	24.66	24.85	25.13	25.12	25.26	25.47	25.72	25.78	25.67	25.20	26.62	27.74	27.22	27.60
Bodies Corporate	1.26	1.26	0.73	0.62	0.65	0.56	0.52	0.25	0.25	0.28	0.34	0.31	0.31	0.36	0.38	0.37	0.31	0.28	0.37	0.35	0.31	0.27	0.43	0.85	0.81	0.45
Others (incl. Retail) No. of shareholders	24.49 5,400	24.49 6,067	25.02 17,987	24.85 16,610	24.82 15,912	24.18 19,884	23.62 25,847	23.55 33,773	23.56 33,530	23.81 41,991	24.28 48,712	24.36 58,108	24.35 61,414	24.49 64,976	24.75 75,575	24.75 79,563	24.95 81,583	25.19 80,879	25.35 83,817	25.43 83,262	25.36 80,775	24.93 77,248	26.19 79,690	26.89 74,054	26.41 71,110	27.15 70,912

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

HLE Glascoat Ltd. is not part of any tracked index.

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in HLE Glascoat Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Harsh Himanshubhai Patel Promoter	March-2025	Market Purchase (Acquisition) 28th Mar 2025	12.94 %	₹ 249.75	25.59 k	₹ 63.91 lac
Himanshu Khushalbhai Patel Promoter	March-2025	Market Purchase (Acquisition) 28th Mar 2025	24.87 %	₹ 243.55	15.00 k	₹ 36.53 lac
Nilesh Khushalbhai Patel Promoter	March-2025	Market Purchase (Acquisition) 28th Mar 2025	25.18 %	₹ 244.63	20.00 k	₹ 48.93 lac
Harsh Patel Promoter & Director	September-2023	Block Deal (Disposal) 27th Sep 2023	13.62 %	₹ 505.00	4.66 lac	₹ 23.52 cr
Himanshu Patel Promoter & Director	September-2023	Block Deal (Disposal) 27th Sep 2023	26.34 %	₹ 505.84	10.00 lac	₹ 50.58 cr
Nilesh Patel Promoter & Director	September-2023	Block Deal (Disposal) 27th Sep 2023	26.65 %	₹ 505.00	10.10 lac	₹ 50.98 cr

Corporate Actions

History of HLE Glascoat Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 1.10/share
Record date: 23rd Sep 2026Ex-date: 23rd Sep 2026
Announced on: 18th May 2026
Dividend₹ 1.10/share
Record date: 19th Sep 2025Ex-date: 19th Sep 2025
Announced on: 19th May 2025
Dividend₹ 1.10/share
Record date: 19th Sep 2024Ex-date: 19th Sep 2024
Announced on: 27th May 2024
Dividend₹ 1.10/share
Record date: 21st Sep 2023Ex-date: 21st Sep 2023
Announced on: 29th May 2023
Stock Split1 : 5
Ex-date: 18th Oct 2022Announced on: 6th Jun 2022
Nominal value changes from INR 10 to INR 2

Company Profile

Overview of HLE Glascoat Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

HLE Glascoat Limited is an India-based company specialized in the business of manufacturing chemical process equipment. The Company’s segments include Glass Lined Equipment, Filtration, Drying and Heat Transfer Equipment. The Glass Lined Equipment business is engaged in manufacturing carbon steel gl...

Key personnel

Mr. Amit Kalra

Chief Financial Officer

Mr. Achal Savits Thakkar

Compliance Officer, Company Secretary

Mr. Yatish C. ParekhD

Non-Executive Independent Chairman of the Board

Mr. Himanshu Khushalbhai PatelD

Managing Director, Executive Director

Mr. Aalap PatelD

Executive Director

Mr. Harsh Khushalbhai PatelD

Whole-Time Director

Mr. Nilesh Khushalbhai PatelD

Non-Executive Director

Ms. Vijayanti PunjabiD

Non-Executive Independent Director

View all

Incorporated on

26 Aug 1991

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

728

IPO date

03 Feb 1994

Free Float

1,81,55,041

Website

https://hleglascoat.com/

Phone no.

+912692236842

Address

H-106 GIDC ESTATE, VITHAL UDYOGNAGAR, , 388121, India

Frequently Asked Questions

What is the current share price of HLE Glascoat Ltd.?

The current share price of HLE Glascoat Ltd. is ₹ 425.85 as of 5 Oct 2026.

What is the market capitalisation of HLE Glascoat Ltd.?

The market capitalisation of HLE Glascoat Ltd. stands at ₹ 3,017.65 Cr.

What is the PE ratio of HLE Glascoat Ltd.?

The Price-to-Earnings (PE) ratio of HLE Glascoat Ltd. is 86.07 as of the latest trailing twelve months data.

What is the ROE and ROCE of HLE Glascoat Ltd.?

HLE Glascoat Ltd. has a Return on Equity (ROE) of 9.95% and a Return on Capital Employed (ROCE) of 10.87% as per the latest financial reports.

What is the 52-week high and low of HLE Glascoat Ltd.?

The 52-week high of HLE Glascoat Ltd. is - and the 52-week low is -.

What is the dividend yield of HLE Glascoat Ltd.?

The dividend yield of HLE Glascoat Ltd. is 0.25% based on the current market price.

What is the FII and DII holding in HLE Glascoat Ltd.?

Foreign Institutional Investors (FII) hold 2.05%, Domestic Institutional Investors (DII) hold 3.46% and retail/public investors hold 27.15% of HLE Glascoat Ltd. shares.

What sector does HLE Glascoat Ltd. belong to?

HLE Glascoat Ltd. operates in the Capital Goods sector.

What is the beta of HLE Glascoat Ltd.?

The beta of HLE Glascoat Ltd. is 1.46, indicating its price volatility relative to the broader market. Over the past 1 year, HLE Glascoat Ltd. has delivered an absolute return of -14.69%.

What is the RSI of HLE Glascoat Ltd.?

The 14-day Relative Strength Index (RSI) of HLE Glascoat Ltd. is 62.20, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

HLE Glascoat Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

HLE Glascoat Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions

Holdings and Presence