HLE Glascoat Ltd - Stock Valuation and Financial Performance

BSE: 522215 | NSE: HLEGLAS | Engineering - Industrial Equipments | Small Cap

HLE Glascoat Share Price

440.65 -1.30 -0.29%
as on 19-Mar'24 16:59

DeciZen - make an informed investing decision on HLE Glascoat

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

HLE Glascoat stock performance -

mw4me loader
P/E Ratio (CD):
66.88
Market Cap:
3,017 Cr.
52-wk low:
437.1
52-wk high:
698.6

Is HLE Glascoat Ltd an attractive stock to invest in?

1. Is HLE Glascoat Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HLE Glascoat Ltd is a average quality company.

2. Is HLE Glascoat Ltd undervalued or overvalued?

The key valuation ratios of HLE Glascoat Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is HLE Glascoat Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HLE Glascoat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HLE Glascoat:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HLE Glascoat Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%18%28.5%29%21.8%16.8%-
Value Creation
Index
NANANANANA0.31.01.10.60.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000359426442644923959
Sales YoY Gr.-NANANANANA18.7%3.7%45.7%43.3%-
Adj EPS 000005.55.97.99.610.26.6
YoY Gr.-NANANANANA8.8%32.7%21.5%6.6%-
BVPS (₹) 000009.311.517.33747.851.3
Adj Net
Profit
0000017.738.351.465.369.645
Cash Flow from Ops. 0000048.644.748.21.14.9-
Debt/CF from Ops. 000002.42.21.919750.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA29.4%43.3%
Adj EPS NANA19.8%6.6%
BVPSNANA60.9%29.2%
Share Price 50.9% 63.3% -3.1% -16.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000004365.448.833.62413.4
Op. Profit
Mgn %
000001317.120.517.615.212.4
Net Profit
Mgn %
000005.19.211.910.17.54.7
Debt to
Equity
000003.81.30.80.80.8-
Working Cap
Days
000000174188192197108
Cash Conv.
Cycle
0000009610612418528

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.35%

Net Profit is growing at healthy rate in last 3 years 19.78%

Debt to equity has declined versus last 3 years average to 0.76

Return on Equity has declined versus last 3 years average to 13.30%

Sales growth is not so good in last 4 quarters at 8.12%

Latest Financials - HLE Glascoat Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 6.6
TTM Sales (₹ Cr.) 636 959
BVPS (₹.) 51.6 51.3
Reserves (₹ Cr.) 339 337
P/BV 8.57 8.61
PE 66.11 66.88
From the Market
52 Week Low / High (₹) 437.05 / 698.55
All Time Low / High (₹) 1.50 / 1509.80
Market Cap (₹ Cr.) 3,017
Equity (₹ Cr.) 13.7
Face Value (₹) 2
Industry PE 42.6

Management X-Ray of HLE Glascoat:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of HLE Glascoat

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales359426442644923
Operating Expenses 313354354531783
Manufacturing Costs688650106134
Material Costs196212237318433
Employee Cost 27323667148
Other Costs 2224313969
Operating Profit 467388113140
Operating Profit Margin (%) 12.9%17.0%20.0%17.5%15.1%
Other Income 35378
Interest 1513111425
Depreciation 7771022
Exceptional Items 000-90
Profit Before Tax 28577487100
Tax 917232630
Profit After Tax 1939516171
PAT Margin (%) 5.2%9.2%11.6%9.4%7.7%
Adjusted EPS (₹)5.55.98.08.510.2
Dividend Payout Ratio (%)0%15%10%12%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3076115254327
Share Capital 715151514
Reserves 2461100239312
Minority Interest11000
Debt1068477183196
Long Term Debt60545513098
Short Term Debt4629225398
Trade Payables647572131115
Others Liabilities 9299113191254
Total Liabilities 294335377759891

Fixed Assets

Gross Block100116144310403
Accumulated Depreciation1622256786
Net Fixed Assets8594119244317
CWIP 4103313
Investments 00000
Inventories131153148268268
Trade Receivables334469148243
Cash Equivalents 1810213916
Others Assets2224182944
Total Assets 294335377759891

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 49454815
PBT 2857778499
Adjustment 2018192245
Changes in Working Capital 8-17-27-72-106
Tax Paid -7-13-21-33-33
Cash Flow From Investing Activity -15-19-29-173-40
Capex -16-23-29-68-41
Net Investments 03-170
Others 111-1120
Cash Flow From Financing Activity -29-30-1016013
Net Proceeds from Shares 0040610
Net Proceeds from Borrowing 980984
Interest Paid -14-8-7-11-18
Dividend Paid -1-3-3-5-7
Others -23-27-401735
Net Cash Flow 5-59-12-22
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)61.2375.154.633.1924.49
ROCE (%)27.3242.1341.9329.2624.22
Asset Turnover Ratio1.221.361.241.131.12
PAT to CFO Conversion(x)2.581.150.940.020.07
Working Capital Days
Receivable Days3433476277
Inventory Days133122124118106
Payable Days98989488-3

HLE Glascoat Ltd Stock News

HLE Glascoat Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HLE Glascoat on 19-Mar-2024 16:59 is ₹440.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 16:59 the market cap of HLE Glascoat stood at ₹3,017.
The latest P/E ratio of HLE Glascoat as of 19-Mar-2024 16:59 is 66.11.
The latest P/B ratio of HLE Glascoat as of 19-Mar-2024 16:59 is 8.57.
The 52-week high of HLE Glascoat is ₹698.5 and the 52-week low is ₹437.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HLE Glascoat is ₹636.2 ( Cr.) .

About HLE Glascoat Ltd

Swiss Glascoat Equipments Ltd was incorporated on August 26, 1991 under the name of Shri Glassteel Equipments Limited. Subsequently the name of the company was changed to Swiss Glasscoat Equipment Limited on March 3,1992 and certificate of commencment of businss was obtained on March 5,1992.

Swiss Glascoat Equipments is a company engaged in the manufacture of glass lined equipment and spares. Their objective is to ensure a corrosion-free technosphere under the sun. As an organisation, they are engaged in fighting against the evil forces of corrosion and protect your machinery and balance sheet both in a very unprecedented manner.

In a very short span of its existence, they've showcased the true spirit of a Spartan by accomplishing many projects of varied nature. Today, they've emerged as a front-runner of domestic glasslining fraternity with the help of their trend-setting products and services by catering to industries as diverse as from dyes to pigments; from pharmaceuticals to food processing from chemicals to pesticides; from intermediates to resins or any other conceivable corrosion-prone areas in chemical processing industry.

Their mission is to create, sustain and enhance a powerful platform with a Total Qualitative Approach, where the fusion between demand and supply can happen in a systematic way, thanks to their ability to integrate people, products and practices.

Glascoat has embarked upon the technological drive to synthesize the best of engineering practices and technological advancements to come up with the superior quality solutions in the glasslined products. They started their sprint to success by launching two 6300 litre reactors with all the contemporary features included in the very first year.

By consolidating quality, performance, engineering design, service and much more, Glascoat has today established itself as an OPSP (One-Point-Solution-Provider) for glasslined products of any type, size or output plus a complete range of accessories.

Product range of the company includes:

The Glascoat product range consists of both ready-made (for standard requirement) and custom-built (for unique requirement) equipment and accessories of versatile nature.

Glass Lined Reactors

  • AE Type
  • CE Type
  • Agitation
  • Stainless Steel GLRs
  • GMP Model Reactors

Storage Tanks

  • Vertical Type
  • Horizontal Type

Condensors

  • Shell & Shell Type
  • Plate Type

ColumnsRotary Vaccum Dryers

  • Agitated Nutche Filters

Other products

  • Glass Lined Flush Bottom Outlet Valve
  • Bellows- Sealed Valve
  • Glass Lined Diaphragm Valve
  • GL Pipes & Fittings
  • Flanged Pipe
  • Flanged Elbows 45
  • Flanged Elbows 90
  • Flanged Crosses
  • Flanged T- Pieces
  • Flanged Crosses with reduced connection
  • Flanged T- Pieces with reduced connection
  • Reducing Flanges
  • Reducer

Achievements/ recognition:

  • BS EN ISO 9001:1994
  • IS / ISO 9001:1994
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.