HLE GLASCOAT LIMITED·HEAVY ENGINEERING EQUIPMENT 36.57HEAVY MACHINERY 63.44·Industrial Manufacturing Companies

2026-08-21 NSE BSE Web 10%S-ASM-I Result 10 Aug

Price

319

+2.3%
O:311.8
H:322
L:311.35
C:319

52W Range

250661.95
+28%/-52%

Market Cap

₹2,215.61 Cr

Traded: ₹3.38 Cr (0.15%) 0.0x

Free Float: ₹614.39 Cr (0.55% of FF traded)

Volume · 60D trend

1.07 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-25% 3M:-15% 6M:-4% 12M:-31%

Valuation

P/E61.8
P/B4.2
P/S1.6
EV/EBIT24.8

Business Strength

ROE10.7%
ROCE12.2%
OPM13.2%
NPM6.0%

Growth (3Y CAGR)

EPS+57.2%
Sales+16.0%
Profit-10.0%
3Y Return-16.0%

Balance Sheet

Debt/Equity0.7
Debt349 Cr
Pledge0.0%
CWIP/Fixed Asset1.5%

Cash Position

CFO/NP216.1%
FCF68 Cr
FCF 3Y Avg71.2 Cr
Cash/MCap2.0%

Others

Div Yield0.3%
Div Payout16.0%
Cash Conv. Cycle278 days
Tradeable Free Float27.7%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 14.87 Cr
2.42% FF
60d high
₹ 27.84 Cr
60d low
₹ 10.09 Cr
60d mean
₹ 16.54 Cr
vs mean
▼ 10.12%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
--
+19.0%
+14.0%
--
--
Decelerating
Sales
--
+19.0%
+16.0%
--
+29.0%
Stable
Profit
--
+4.0%
-10.0%
--
+54.0%
Stable
Return
+31.0%
-11.0%
-16.0%
+22.0%
--
Stable

Quarterly Results

Jun 2026

10 Aug
Rev
301 Cr
----
OPM7.0%
NPM--
PAT
-81% YoY2 Cr
EPS
--0.4

Mar 2026

18 May
Rev
392 Cr
+17% YoY+20% QoQ
OPM10.9%
NPM5.1%
PAT
-9% YoY20 Cr
EPS
-12% YoY2.6

Dec 2025

10 Feb
Rev
327 Cr
+41% YoY-7% QoQ
OPM6.5%
NPM1.5%
PAT
-46% YoY5 Cr
EPS
-67% YoY0.4

Sep 2025

PDF
Rev
351 Cr
+49% YoY+24% QoQ
OPM10.9%
NPM4.0%
PAT
+7% YoY14 Cr
EPS
-7% YoY1.7

Jun 2025

PDF
Rev
284 Cr
+25% YoY-15% QoQ
OPM13.2%
NPM6.3%
PAT
+334% YoY18 Cr
EPS
+332% YoY2.2

Mar 2025

PDF
Rev
334 Cr
+9% YoY+45% QoQ
OPM15.6%
NPM9.6%
PAT
+105% YoY32 Cr
EPS
+106% YoY3.0

Dec 2024

PDF
Rev
231 Cr
-3% YoY-2% QoQ
OPM11.1%
NPM4.3%
PAT
+121% YoY10 Cr
EPS
+182% YoY1.2

Sep 2024

PDF
Rev
236 Cr
+5% YoY+4% QoQ
OPM14.5%
NPM5.9%
PAT
+13% YoY14 Cr
EPS
+27% YoY1.9

Jun 2024

PDF
Rev
227 Cr
+15% YoY-26% QoQ
OPM9.6%
NPM2.2%
PAT
-63% YoY5 Cr
EPS
-63% YoY0.5

Mar 2024

PDF
Rev
307 Cr
+3% YoY+28% QoQ
OPM11.9%
NPM4.9%
PAT
-56% YoY15 Cr
EPS
-57% YoY1.4

Dec 2023

PDF
Rev
239 Cr
+12% YoY+7% QoQ
OPM10.3%
NPM2.5%
PAT
-69% YoY6 Cr
EPS
-76% YoY0.4

Sep 2023

PDF
Rev
224 Cr
+5% YoY+14% QoQ
OPM11.8%
NPM4.9%
PAT
-42% YoY11 Cr
EPS
-48% YoY1.5

Jun 2023

PDF
Rev
197 Cr
-4% YoY-34% QoQ
OPM11.8%
NPM4.6%
PAT
-40% YoY9 Cr
EPS
--1.4

Mar 2023

Rev
298 Cr
+20% YoY+39% QoQ
OPM15.0%
NPM7.7%
PAT
-4% YoY23 Cr
EPS
--3.3

Dec 2022

Rev
214 Cr
---0% QoQ
OPM12.1%
NPM5.7%
PAT
+2% YoY12 Cr
EPS
--1.8

Sep 2022

Rev
215 Cr
----
OPM16.0%
NPM8.8%
PAT
+49% YoY19 Cr
EPS
--2.8

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.75
Interest Coverage6.7x
Promoter Pledge0.0%
Borrowings382 Cr

Efficiency

Receivable Days66 days
Inventory Days300 days
Payable Days88 days
Cash Conversion cycle278 days

Cash Position

Operating Cash Flow134 Cr
Investing Cash Flow-68 Cr
Financing Cash Flow-60 Cr
Free Cash Flow68 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sep 2022
Sales301392327351284334231236227307239224197298214215
Expenses280349305313246282205202205270215198174254188179
Operating Profit21432138385226342236252623442635
OPM %7.0%10.9%6.5%10.9%13.2%15.6%11.1%14.5%9.6%11.9%10.3%11.8%11.8%15.0%12.1%16.0%
Other Income210-1222122121323
Interest898999999101065955
Depreciation1010109887777766665
Profit Before Tax4254192337112072181613331728
Tax %52.9%20.2%-26.0%27.1%21.9%14.9%9.8%26.1%21.8%30.0%27.4%33.0%29.2%30.0%29.2%30.0%
Net Profit220514183210145156119231219
Exceptional Items---0-3-3000000-3-20000
EPS (Rs)0.42.60.41.72.23.01.21.90.51.40.41.51.43.31.82.8
Sales Growth (YoY)--17.4%41.4%48.8%25.1%8.7%-3.4%5.1%15.2%2.9%11.7%4.6%-3.5%19.7%----
Sales Growth (QoQ)--19.9%-6.8%23.6%-15.0%44.6%-2.1%4.0%-26.1%28.4%6.7%13.7%-33.9%39.1%-0.4%--
OP Growth (YoY)-44.3%-17.6%-17.7%12.1%72.1%42.5%3.9%28.9%-5.8%-17.1%-4.4%-24.4%--------
OP Growth (QoQ)-51.1%103.0%-44.8%1.7%-27.7%102.8%-24.8%56.1%-40.1%47.9%-6.7%14.1%-47.3%70.5%-26.3%--
Profit Growth (YoY)-81.0%-9.0%-46.0%7.0%334.0%105.0%121.0%13.0%-63.0%-56.0%-69.0%-42.0%-40.0%-4.5%2.2%49.0%
EPS Growth (YoY)---12.1%-66.9%-7.0%332.0%105.5%181.8%26.5%-63.2%-56.6%-75.6%-48.2%--------
EPS Growth (QoQ)--539.0%-76.3%-19.9%-27.5%140.3%-33.3%272.0%-65.5%229.6%-70.1%8.1%-59.3%85.6%-36.6%--
OP Margin--11.0%6.4%10.8%13.4%15.6%11.3%14.4%9.7%11.7%10.5%11.6%11.7%14.8%12.1%16.3%
Net Margin--5.1%1.5%4.0%6.3%9.6%4.3%5.9%2.2%4.9%2.5%4.9%4.6%7.7%5.7%8.8%
Material Cost %40.2%46.1%46.3%49.2%45.1%48.1%41.4%40.1%43.1%50.6%42.8%45.8%41.4%48.4%44.9%45.9%
Employee Cost %24.8%18.9%19.9%17.6%18.4%16.9%20.4%20.1%21.9%16.2%19.1%17.9%21.3%14.7%16.3%15.4%
P/S1.622.431.631.90------------------------
P/E61.8268.5741.8340.41------------------------
P/B4.156.174.174.49------------------------

Shareholding Pattern

Shareholders:74.2K (+20.6%)
Current MixDec 2025

Exchange Filings

50
Company Update18 Aug 2026

Updates on further investment of Euro 100,000 towards the share capital of a Wholly-Owned Subsidiary, HLE International S.a.r.l. in Luxembourg.

Company Update12 Aug 2026

HLE Glascoat Limited has informed the Exchange about copy of Newspaper Publication regarding Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026.

Board Meeting10 Aug 2026

Outcome of Board Meeting held on August 10, 2026.

Result10 Aug 2026

HLE Glascoat has intimated the Exchange about the Standalone and Consolidated Unaudited Financial Result for the Quarter ended on June, 2026.

Company Update10 Aug 2026

HLE Glascoat Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Press Release Q1 FY 2026-27".

Board Meeting03 Aug 2026

HLE Glascoat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve interalia, Standalone and Consolidated ....

Company Update17 Jul 2026

HLE Glascoat Limited has informed the Exchange about the Credit Rating.

Company Update17 Jul 2026

HLE Glascoat Limited has informed the Exchange about Credit Rating (Revised / Corrected)

Company Update15 Jul 2026

Compliance Certificate Pursuant to section 74 (5) of SEBI DP Regulations for the quarter ended June 30, 2026.

Company Update04 Jul 2026

HLE Glascoat Limited has informed the Exchange regarding resignation of Mr. Naveen Kandpal as Chief Financial Officer of the Company w.e.f. July 03, 2026 after close of business hours.

Insider Trading / SAST30 Jun 2026

HLE GLASCOAT LIMITED has informed the exchange about the Closure of Trading Window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Company Update26 Jun 2026

HLE Glascoat Limited has informed the Exchange regarding appointment of Mr. Darshak Chandarana as Vice President - Operations, Maroli Unit of the Company w.e.f. June 25, 2026.

Company Update01 Jun 2026

Earnings Call Transcript for Q4 & year ended FY 2025-26.

Company Update29 May 2026

Annual Secretarial Compliance report for the financial year 2025-26.

Company Update25 May 2026

HLE Glascoat Limited has informed the Exchange about Link of Recording of the Earnings Call held on 25/05/2026 for the period ended on 31/03/2026.

Company Update20 May 2026

Intimation of Analyst/Investor Meet

Company Update20 May 2026

Investor Presentation for Q4 FY 2025-26

Company Update20 May 2026

Newspaper Publication of AFR Q4 FY 2025-26

Company Update19 May 2026

Investor Release for Q4 FY 2025-26

Board Meeting18 May 2026

Outcome of Board Meeting held on 18.05.2026

Company Update18 May 2026

Announcement for Change in Management - Re-appointment of Internal Auditors and Cost Auditors.

Corp. Action18 May 2026

Board approves Dividend of Rs.1.10 (55%) on Equity Shares of Rs.2 each.

Result18 May 2026

Results for the quarter and year ended on 31.03.2026

Board Meeting08 May 2026

HLE Glascoat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/05/2026 ,inter alia, to consider and approve I. the Audited Standalone as well ....

Company Update17 Apr 2026

Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018

Insider Trading / SAST31 Mar 2026

HLE Glascoat Limited has informed the exchange regarding the Trading Window Closure pursuant to SEBI (PIT) Regulations, wef 01.04.2026.

Company Update13 Mar 2026

HLE Glascoat Limited has informed the Exchange about Update on Acquisition that the Company has successfully set up a following captive power generation facility, for the Company, through ....

Company Update03 Mar 2026

Update on Report from the Audit Committee and Independent Directors of the Company certifying distribution of proceeds to eligible shareholders of fractional shares pursuant to the Scheme ....

Company Update03 Mar 2026

The Company has informed the exchange about incorporation of and investment in a wholly owned subsidiary named "HLE International S.a.r.l. in Luxembourg.

Company Update13 Feb 2026

Newspaper Publication

Company Update11 Feb 2026

HLE Glascoat Limited has informed the Exchange regarding a press release, titled "Investor Release for the performance of the Company for the quarter and period ended 31st December,2025".

Board Meeting10 Feb 2026

The Board of Directors of the Company at its meeting held today on Tuesday, 10th February, 2026, inter-alia approved: 1. The Unaudited Standalone and Consolidated Financial Results for ....

Company Update10 Feb 2026

HLE Glascoat has intimated the Exchange about the Incorporation of and investment in a Wholly Owned Subsidiary of the company - HLE International S.a.r.l. in Luxemburg.

Result10 Feb 2026

Financial Results for the quarter and nine months ended on 31st December, 2025

Board Meeting02 Feb 2026

HLE Glascoat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve the Unaudited Standalone as well ....

Company Update06 Jan 2026

Compliance Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Insider Trading / SAST30 Dec 2025

Intimation of closure of Trading Window

Company Update08 Dec 2025

HLE Glascoat Limited has informed the Exchange about Listing of shares allotted pursuant to the Scheme of Amalgamation.

Company Update19 Nov 2025

Transcript of Earnings Call held on 12.11.2025

Company Update12 Nov 2025

HLE Glascoat Limited has informed the Exchange about Link of Recording of Earnings call for Q2/H1 of FY 2025-26

Company Update12 Nov 2025

Newspaper Publication of UFR 30.09.2025

Company Update11 Nov 2025

HLE Glascoat Limited has informed the Exchange about Investor Presentation for Q2 FY 2025-26

Company Update11 Nov 2025

Press / Investor Release for the H1 FY 2025-26

Result10 Nov 2025

Unaudited Financial Results for the Quarter ended on 30.09.2025

Board Meeting10 Nov 2025

Outcome of Board Meeting held on 10.11.2025

Company Update08 Nov 2025

HLE Glascoat Limited has informed the Exchange about Schedule of meet - Earnings Call scheduled on 12 November, 2025.

Board Meeting03 Nov 2025

HLE Glascoat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2025 ,inter alia, to consider and approve the Unaudited Standalone as well ....

Company Update21 Oct 2025

Letter confirming certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 is enclosed.

Company Update13 Oct 2025

Appointment of Mr. Vijay Saini as Vice President-Operations, Anand Unit of the Company w.e.f. October 13, 2025.

Insider Trading / SAST30 Sept 2025

Intimation of closure of trading window

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
icraRating update
28 May 2025Report
icraRating update
04 Apr 2025Report
icraRating update
06 Feb 2024Report
icraRating update
28 Sept 2021Report
icraRating update
17 Aug 2021Report
icraRating update
31 Mar 2020Report

Concalls

25

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Jul 2024

31 Jul 2024

Jun 2024

30 Jun 2024

May 2024

31 May 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Aug 2023

31 Aug 2023

Jun 2023

30 Jun 2023

Feb 2023

28 Feb 2023

Nov 2022

30 Nov 2022

Nov 2022

30 Nov 2022

Aug 2022

31 Aug 2022

Aug 2022

31 Aug 2022

Aug 2022

31 Aug 2022

May 2022

31 May 2022

Feb 2022

28 Feb 2022

Dec 2021

31 Dec 2021

Sep 2021

30 Sept 2021

Jun 2021

30 Jun 2021

Dec 2020

31 Dec 2020

Nov 2020

30 Nov 2020

Held by Mutual Funds

1 schemes hold hleglas · sorted by weight

#SchemeWeight %
1

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.00%