HLE GLASCOAT LIMITED
HLE Glascoat Limited manufactures and sells carbon steel glass lined equipment in India and internationally. It operates through Filtration, Drying and Other Equipment; Glass Lined Equipment; and Heat Transfer Equipment segments. The Filtration, Drying and Other Equipment segment offers agitated nutsche filter-dryers, rotary vacuum paddle dryers, kilo-lab filter dryers, rapid disc dryer-coolers, orbicular dryers, and other chemical process equipment, as well as related spares and accessories. Its Glass Lined Equipment segment produces reactors, heat exchangers, storage vessels and receivers, storage tanks, columns, agitators, valves, pipes and fittings, and other similar equipment, as well as related spares and accessories. The Heat Transfer Equipment segment manufactures shell and tube, corrugated, spiral, plate heat, and box type heat exchangers; and condensing systems. It also offers exotic metal and cGMP pharma model products. The company serves the pharmaceutical, agrochemicals; specialty and fine chemicals; dyes, pigments, and intermediates; paints and coatings; bulk chemicals; active pharmaceutical ingredients; nutraceutical; food and food flavours; oil and gas; mineral processing; aerospace; marine; petrochemicals; fertilizers; steel; paper; and textile industries. The company was formerly known as Swiss Glascoat Equipments Limited and changed its name to HLE Glascoat Limited in December 2019. HLE Glascoat Limited was founded in 1981 and is based in Anand, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 28.0%
Concerns1
- Low return on equity of 7.8%
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ551.00 Cr | β | βΉ16.00 Cr | β | β | 4.5% | -6.8% | -40.7% |
| Mar 2024 | βΉ591.00 Cr | β | βΉ27.00 Cr | β | β | 7.8% | -8.9% | -50.0% |
| Mar 2023 | βΉ649.00 Cr | β | βΉ54.00 Cr | β | β | 16.4% | 27.8% | -12.9% |
| Mar 2022 | βΉ508.00 Cr | β | βΉ62.00 Cr | β | β | 22.1% | 20.7% | 19.2% |
| Mar 2021 | βΉ421.00 Cr | β | βΉ52.00 Cr | β | β | 31.9% | 8.8% | 36.8% |
| Mar 2020 | βΉ387.00 Cr | β | βΉ38.00 Cr | β | β | 50.0% | 14.8% | 111.1% |
| Mar 2019 | βΉ337.00 Cr | β | βΉ18.00 Cr | β | β | 43.9% | 247.4% | 260.0% |
| Mar 2018 | βΉ97.00 Cr | β | βΉ5.00 Cr | β | β | 9.8% | 19.8% | 66.7% |
| Mar 2017 | βΉ81.00 Cr | β | βΉ3.00 Cr | β | β | 6.4% | -12.0% | -25.0% |
| Mar 2016 | βΉ92.00 Cr | β | βΉ4.00 Cr | β | β | 15.4% | 4.5% | -20.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 683 |
| Total Expenses | 603 |
| EBIT / Operating Profit | 80 |
| OPM % | 12% |
| Other Income | 12 |
| Finance Costs | 28 |
| Depreciation & Amortisation | 16 |
| Profit Before Tax | 48 |
| Tax % | - |
| Net Profit / PAT | 38 |
| EPS (βΉ) | 5.60 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| HLE GLASCOAT LIMITEDthis co. | βΉ3.12 K Cr | βΉ551.00 Cr | 79.50 | 8.24 | 46.32 | -6.8% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |