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HRS Aluglaze Ltd (544656)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544656 NSE: Aluminium & Aluminium Products | Small Cap | HRS Aluglaze Share Price

₹246 -2.00 (-0.81%)

As on 04-Jun'26 16:59

HRS Aluglaze Ltd (544656)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544656 NSE: Aluminium & Aluminium Products | Small Cap | HRS Aluglaze Share Price

₹246 -2.00 (-0.81%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹474 Cr.
Current Price
₹246
52-Week Low / High
₹126 / 293
TTM EPS
₹5.3
TTM Sales
₹67.5 Cr.
Book Value per Share
₹40.6
P/E Ratio
46.43
Lower than its 5-year historical median
Industry PE
13.6
Price to Book (P/B)
6.05
Higher than its 5-year historical median
Price to Sales (P/S)
7.02
Lower than its 5-year historical median
EV/EBITDA
28.09
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
34.24%
Return on Capital Employed (ROCE)
20.17%
Return on Assets (ROA)
8.37%
Operating Profit Margin
25.4%
Net Profit Margin
12.22%
Gross Profit Margin
19.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
57.77%
Operating Profit Growth (1 Year)
-
203.12%
Net Profit Growth (1 Year)
-
187.71%
Asset Quality
Promoter Holding
72.49%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹59 Cr.
Equity
₹19.3 Cr.
Face Value
₹10
All Time Low / High
₹126.00 / 292.60

HRS Aluglaze stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is HRS Aluglaze Ltd a good quality company?
HRS Aluglaze Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does HRS Aluglaze Ltd performance compare with that of its Peers?
Q.1 Revenue growth of HRS Aluglaze Ltd vs industry peers?
HRS Aluglaze Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 6.7%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of HRS Aluglaze Ltd?
Promoters hold 72.49% of the HRS Aluglaze Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HRS Aluglaze Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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10 Year X-Ray : Login to view analysis.

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.
HRS Aluglaze Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ6.9%12%20.2%-
Value Creation
Index ⓘ		-0.5-0.10.4-

Growth Parameters ⓘ
Sales ⓘ22.626.742.168
Sales YoY Gr.-18.4%57.8%-
Adj EPS ⓘ0.61.23.75.3
YoY Gr.-85.9%209.2%-
BVPS (₹) ⓘ67.314.440.6
Adj Net
Profit ⓘ		0.91.65.110
Cash Flow from Ops. ⓘ-2.11.52.9-
Debt/CF from Ops. ⓘ-8.716.713.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA57.8%
Adj EPS ⓘNANANA209.2%
BVPSⓘNANANA97%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		10.617.934.219.3
Op. Profit
Mgn % ⓘ		7.813.225.4NAN
Net Profit
Mgn % ⓘ		3.96.112.215.1
Debt to
Equity ⓘ		2.22.41.9-
Working Cap
Days ⓘ		01842090
Cash Conv.
Cycle ⓘ		018570

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales232742
Operating Expenses ⓘ + 212331
Manufacturing Costs366
Material Costs151419
Employee Cost 113
Other Costs ⓘ 223
Operating Profit ⓘ 2411
Operating Profit Margin (%) 7.8%13.2%25.4%
Other Income ⓘ + 000
Exceptional Items ⓘ 000
Interest ⓘ 113
Depreciation ⓘ 001
Profit Before Tax ⓘ 127
Tax ⓘ 012
Profit After Tax 125
PAT Margin (%) 3.9%6.7%12.2%
Adjusted EPS (₹)0.61.33.7
Dividend Payout Ratio (%)0%0%0%

Valuation of HRS Aluglaze - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 81020
Share Capital ⓘ 777
Reserves ⓘ 2313
Debt +172236
Long Term Debt161725
Short Term Debt0511
Minority Interest000
Trade Payables4712
Others Liabilities ⓘ 5413
Total Liabilities ⓘ 344281

Fixed Assets

Net Fixed Assets ⓘ +32746
Gross Block42848
Accumulated Depreciation112
CWIP ⓘ 1400
Investments ⓘ 410
Inventories3616
Trade Receivables3513
Cash Equivalents 000
Others Assets ⓘ 745
Total Assets ⓘ 344281

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -213
PBT ⓘ 127
Adjustment ⓘ 114
Changes in Working Capital ⓘ -4-2-7
Tax Paid ⓘ -0-0-0
Cash Flow From Investing Activity ⓘ + -17-7-20
Capex -14-10-20
Net Investments -330
Others ⓘ 000
Cash Flow From Financing Activity ⓘ + 19517
Net Proceeds from Shares ⓘ 605
Net Proceeds from Borrowing ⓘ 1428
Interest Paid ⓘ -1-1-2
Dividend Paid ⓘ 000
Others ⓘ -056
Net Cash Flow ⓘ -0-00

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)10.6219.7134.24
ROCE (%)6.8812.0220.17
Asset Turnover Ratio0.660.70.68
PAT to CFO Conversion(x)-20.50.6
Working Capital Days
Receivable Days47.805176.70
Inventory Days51.3059.9091.60
Payable Days109.50145.60175.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HRS Aluglaze Ltd FAQs

The current trading price of HRS Aluglaze on 04-Jun-2026 16:59 is ₹246.0.

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 03-Jun-2026 the market cap of HRS Aluglaze stood at ₹474.3 Cr

The latest P/E ratio of HRS Aluglaze as of 03-Jun-2026 is 46.43.

The latest P/B ratio of HRS Aluglaze as of 03-Jun-2026 is 6.05.

The 52-week high of HRS Aluglaze is ₹292.6 and the 52-week low is ₹126.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HRS Aluglaze is ₹67.53 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HRS Aluglaze Ltd is a below average quality company.

The key valuation ratios of HRS Aluglaze Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About HRS Aluglaze Ltd

HRS Aluglaze was originally incorporated as ‘HRS Aluglaze Private Limited’ on March 30, 2012, in Ahmedabad, Gujarat. Later, following approvals from the Board on August 5, 2024, and the Shareholders on August 7, 2024, the company was converted into a Public Limited Company. Upon conversion, the name of the company was changed to ‘HRS Aluglaze Limited’ on October 8, 2024.

The company is engaged in the business of design, manufacturing, and installation of a wide range of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. These solutions are carefully tailored to meet the specific requirements of builders, contractors, architect, and institutions, with both standard and customized options and requirements and it also provides material supply and procurement support. Over the years, the company has evolved capability of providing good quality architectural systems, delivering reliable and customized solutions for commercial, residential, industrial, and institutional projects including hospitals.

It provides comprehensive, end-to-end services across the project lifecycle covering design, engineering, fabrication, supply, installation, and final handover of aluminium and glass systems. Its integrated approach and commitment to quality enable the company to efficiently execute projects of varying scale and complexity.

Business area of the company 

The company is engaged in the business of providing manufactured doors and windows and building facades using Aluminium Sections, UPVC, Glass and others and also providing turnkey solutions for the same.

Products and services of the company

  • Doors and Window
  • Curtain Walls and Structural Glazing
  • Glass Railings, Partitions, Louvers, and Screens
  • Cladding and Dynamic Facades
  • Material Supply and Procurement Support

Awards, accreditations and recognition 

  • 2024: The company’s Management was awarded the ISO 9001:2015 Certificate awarded by Staunchly Management Systems Private Limited for conforming to the Quality Management Systems standard which is valid for scope of operations like: Supply, Installation of Facade Works, Aluminium Doors and Windows and Solutions to Residential, Commercial and Industrial Structures.
  • 2025: The company was awarded the ZED Bronze Certification under the MSME Sustainable (ZED) Certification Scheme by the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India. This recognition highlights the company’s commitment to sustainability and excellence in the manufacturing of fabricated metal products, including equipment and machinery. The certification acknowledges its adherence to quality, environmental, and energy efficiency standards as part of its continuous improvement and responsible business practices.

History and milestones

  • 2012: The company was incorporated as a private limited company under the name ‘HRS Aluglaze Private Limited’ on March 30, 2012.
  • 2018: The company purchased land for factory at Dantali, Gujarat factory.
  • 2022: Achieved revenue from operations of more than Rs 1,100 lakh in Fiscal 2022.
  • 2022: The company entered market of Hyderabad.
  • 2023: Achieved revenue from operations of more than Rs 2,200 lakh in Fiscal 2023 with CAGR of 91.62% over revenue in Fiscal 2022.
  • 2024: The company established a uPVC (unplasticized polyvinyl chloride) production line at its manufacturing facility. This strategic expansion enabled the company to diversify its product offerings and cater to the growing demand in the building materials and infrastructure segments.
  • 2024: The company commenced commercial operations at its manufacturing facility located at Rajoda, with an installed capacity of 1,500 metric tonnes per month. The operationalisation of this plant marked a significant step in enhancing the company’s production capabilities and meeting the increasing market demand for its products.
  • 2024: The company established a dedicated powder coating plant exclusively for captive consumption, to support and enhance its in-house powder coating operations. This initiative was undertaken to ensure quality control, cost efficiency, and seamless integration within the manufacturing process.
  • 2024: The company implemented a green energy initiative by setting up a solar power plant at its newly established factory. This move aimed at promoting environmental sustainability, reducing dependency on conventional energy sources, and optimizing long-term operational efficiency through renewable energy utilization.
  • 2024: The company was converted from a private limited company to a public limited company.
  • 2025: The company achieved revenue from operations of more than Rs 4,200 lakh in Fiscal 2025 with CAGR of 57.77% over revenue in Fiscal 2024.

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