What is HLE Glascoat Ltd (HLEGLAS) share price return in the past 10 years?

HLE Glascoat Ltd share price has appreciated 32% annually (CAGR) over the past ten years.

What is the share price of HLE Glascoat Ltd (HLEGLAS)?

Company share prices are keep on changing according to the market conditions. The current trading price of HLE Glascoat Ltd (HLEGLAS) on 02-Jul-2026 16:59:59 at 16:59 is 392.05.

What is the P/E ratio of HLE Glascoat?

The latest standalone P/E ratio of HLE Glascoat as of 02-Jul-2026 is 71.26.

What is the P/B ratio of HLE Glascoat Ltd (HLEGLAS)?

The latest standalone P/B ratio of HLE Glascoat Ltd (HLEGLAS) as of 02-Jul-2026 is 6.93.

What is the 52-week high and low of HLE Glascoat Ltd (HLEGLAS)?

The 52-week high of HLE Glascoat Ltd (HLEGLAS) is Rs. 662.00 and the 52-week low is Rs. 250.00.

HLE Glascoat Ltd (HLEGLAS) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: HLE Glascoat Ltd (HLEGLAS)
Brand: HLE Glascoat

HLE Glascoat Ltd (HLEGLAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522215 NSE: HLEGLAS Engineering - Industrial Equipments | Small Cap | HLE Glascoat Share Price

HLE Glascoat Ltd (HLEGLAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522215 NSE: HLEGLAS Engineering - Industrial Equipments | Small Cap | HLE Glascoat Share Price

Key Metrics

Valuation Multiples

Market Cap

₹2,723 Cr.

Current Price

₹392.1

52-Week Low / High

₹250 / 662

TTM EPS

₹7.1

TTM Sales

₹1,353 Cr.

Book Value per Share

₹76.9

P/E Ratio

55.09

Lower than its 5-year historical median

Industry PE

59.3

Price to Book (P/B)

5.10

Lower than its 5-year historical median

Price to Sales (P/S)

2.01

Lower than its 5-year historical median

EV/EBITDA

20.05

Lower than its 5-year historical median

Dividend Yield

0.28%

Profitability Efficiency

Return on Equity (ROE)

14.11%

Outperforms industry median

Return on Capital Employed (ROCE)

14.37%

In line with industry median

Return on Assets (ROA)

4.96%

Operating Profit Margin

13.3%

Net Profit Margin

6.01%

Gross Profit Margin

10.2%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

7.05%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

15.88%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

38.78%

Asset Quality

Promoter Holding

65.64%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹520 Cr.

Equity

₹13.9 Cr.

Face Value

₹2

All Time Low / High

₹1.50 / 1509.80

HLE Glascoat stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Strong

Check Price chart

Q.1 Is HLE Glascoat Ltd a good quality company?

HLE Glascoat Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does HLE Glascoat Ltd performance compare with that of its Peers?

Q.1 Revenue growth of HLE Glascoat Ltd vs industry peers?

HLE Glascoat Ltd revenue CAGR is 19.23%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of HLE Glascoat Ltd?

Promoters hold 65.64% of the HLE Glascoat Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of HLE Glascoat Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 27.8% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	0%	0%	27.3%	42.1%	41.9%	29.3%	24.2%	14.1%	14.4%	-
Value Creation Index ⓘ	NA	NA	NA	1.0	2.0	2.0	1.2	0.7	0.0	0.0	-
Growth Parameters ⓘ
Sales ⓘ	0	0	0	359	426	442	644	923	960	1,028	1,353
Sales YoY Gr.	-	NA	NA	NA	18.7%	3.7%	45.7%	43.3%	4%	7.1%	-
Adj EPS ⓘ	0	0	0	5.5	5.9	7.9	9.6	10.2	5.8	6.9	7.1
YoY Gr.	-	NA	NA	NA	8.8%	32.7%	21.5%	6.3%	-42.5%	17.8%	-
BVPS (₹) ⓘ	0	0	0	9.3	11.5	17.3	37	47.8	61	67.3	76.9
Adj Net Profit ⓘ	0	0	0	17.7	38.3	51.4	65.3	69.4	39.8	47	49
Cash Flow from Ops. ⓘ	0	0	0	48.6	44.7	48.2	1.1	4.9	94.7	134	-
Debt/CF from Ops. ⓘ	0	0	0	2.4	2.2	1.9	197	50.7	3.8	2.6	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	19.2%	16.9%	7.1%
Adj EPS ⓘ	NA	3%	-10.4%	17.8%
BVPSⓘ	NA	42.5%	22.1%	10.3%
Share Price	32%	-11.3%	-16.7%	-15%

Key Financial Parameters ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	43	65.4	48.8	33.6	23.9	10.7	10.7	9.9
Op. Profit Mgn % ⓘ	13	17.1	20.5	17.6	15.2	12.8	13.3	10.3
Net Profit Mgn % ⓘ	5.1	9.2	11.9	10.1	7.5	5.3	6	3.7
Debt to Equity ⓘ	3.8	1.3	0.8	0.8	0.8	0.9	0.8	0.2
Working Cap Days ⓘ	0	174	188	192	198	219	219	90
Cash Conv. Cycle ⓘ	0	96	106	124	133	152	152	13

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	359	426	442	644	923	960	1,028
Operating Expenses ⓘ +	313	354	354	531	783	842	891
Manufacturing Costs	67	85	49	106	133	143	152
Material Costs	196	212	237	318	429	439	449
Employee Cost	27	32	36	67	147	179	201
Other Costs ⓘ	23	25	32	40	75	81	89
Operating Profit ⓘ	46	73	88	113	140	117	136
Operating Profit Margin (%)	12.9%	17.0%	20.0%	17.5%	15.1%	12.2%	13.2%
Other Income ⓘ +	3	5	3	7	8	9	8
Exceptional Items ⓘ	0	0	0	-9	0	-5	0
Interest ⓘ	15	13	11	14	25	33	39
Depreciation ⓘ	7	7	7	10	22	26	30
Profit Before Tax ⓘ	28	57	74	87	100	62	75
Tax ⓘ	9	17	23	26	30	18	13
Profit After Tax	19	39	51	61	71	45	62
PAT Margin (%)	5.2%	9.2%	11.6%	9.4%	7.7%	4.6%	6.0%
Adjusted EPS (₹)	5.5	5.9	8.0	8.5	10.2	4.4	6.8
Dividend Payout Ratio (%)	0%	15.20%	10%	11.70%	10.80%	25.30%	16.10%

Valuation of HLE Glascoat - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	30	76	115	254	327	417	459
Share Capital ⓘ	7	15	15	15	14	14	14
Reserves ⓘ	24	61	100	239	312	403	446
Debt +	106	84	77	183	204	322	292
Long Term Debt	60	54	55	130	98	147	109
Short Term Debt	46	29	22	53	105	175	182
Minority Interest	1	1	0	0	0	80	95
Trade Payables	64	75	72	131	115	111	109
Others Liabilities ⓘ	92	99	113	191	249	272	333
Total Liabilities ⓘ	294	335	377	759	894	1,202	1,288
Fixed Assets
Net Fixed Assets ⓘ +	85	94	119	244	317	540	590
Gross Block	100	116	144	310	403	656	732
Accumulated Depreciation	16	22	25	67	86	117	142
CWIP ⓘ	4	10	3	31	3	19	5
Investments ⓘ	0	0	0	0	0	0	0
Inventories	131	153	148	268	268	312	369
Trade Receivables	33	44	69	148	243	237	185
Cash Equivalents	18	10	21	39	16	45	52
Others Assets ⓘ	22	24	18	29	47	48	87
Total Assets ⓘ	294	335	377	759	894	1,202	1,288

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	49	45	48	1	5	95	134
PBT ⓘ	28	57	77	84	99	59	75
Adjustment ⓘ	20	18	19	22	45	64	69
Changes in Working Capital ⓘ	8	-17	-27	-72	-106	-2	6
Tax Paid ⓘ	-7	-13	-21	-33	-33	-26	-15
Cash Flow From Investing Activity ⓘ +	-15	-19	-29	-173	-40	-45	-68
Capex	-16	-23	-29	-68	-41	-55	-66
Net Investments	0	3	-1	7	0	9	-4
Others ⓘ	1	1	1	-112	0	1	2
Cash Flow From Financing Activity ⓘ +	-29	-30	-10	160	13	-19	-60
Net Proceeds from Shares ⓘ	0	0	40	67	7	-79	0
Net Proceeds from Borrowing ⓘ	9	8	0	98	4	93	43
Interest Paid ⓘ	-14	-8	-7	-11	-18	-21	-32
Dividend Paid ⓘ	-1	-3	-3	-5	-7	-8	-8
Others ⓘ	-23	-27	-40	11	28	-4	-63
Net Cash Flow ⓘ	5	-5	9	-12	-22	31	6

Financial Ratio

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	61.23	75.1	54.6	33.19	24.49	11.99	14.11
ROCE (%)	27.32	42.13	41.93	29.26	24.22	14.07	14.37
Asset Turnover Ratio	1.22	1.36	1.24	1.13	1.12	0.92	0.83
PAT to CFO Conversion(x)	2.58	1.15	0.94	0.02	0.07	2.11	2.16
Working Capital Days
Receivable Days	34	33.20	46.80	61.50	77.20	91.20	74.90
Inventory Days	133.40	121.80	124.30	117.80	106	110.30	121
Payable Days	98.30	98.30	94.20	88.10	88.30	91.90	84.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HLE Glascoat Ltd FAQs

The current trading price of HLE Glascoat on 02-Jul-2026 16:59 is ₹392.1.

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 01-Jul-2026 the market cap of HLE Glascoat stood at ₹2,723 Cr

The latest P/E ratio of HLE Glascoat as of 01-Jul-2026 is 71.26.

The latest P/B ratio of HLE Glascoat as of 01-Jul-2026 is 6.93.

The 52-week high of HLE Glascoat is ₹662.0 and the 52-week low is ₹250.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HLE Glascoat is ₹723 ( Cr.) .

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

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

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

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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

HLE Glascoat Ltd (HLEGLAS)

HLE Glascoat Ltd (HLEGLAS)

HLE Glascoat stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of HLE Glascoat - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HLE Glascoat Ltd FAQs

What is the share price of HLE Glascoat?

What is the market cap of HLE Glascoat?

What is the P/E ratio of HLE Glascoat?

What is the P/B ratio of HLE Glascoat?

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

What is the TTM revenue of HLE Glascoat?

Is HLE Glascoat Ltd a good quality company?

Is HLE Glascoat Ltd undervalued or overvalued?

Is HLE Glascoat Ltd a good buy now?

About HLE Glascoat Ltd

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