₹437.45
▲ +18.8 +4.49%
17 Jul 2026
NSE Listed
HLE Glascoat Limited (HLEGLAS)
Volume: 6,02,549Avg Vol 1W: 3,49,020Avg Vol 1M: 3,59,654.5552W Range:₹250₹661.95
Key Ratios
Checked 18h agoMarket Cap₹2,908 Cr
Current Price₹437.45
Previous Close₹418.65
High / Low (52w)₹661.95 / ₹250
Volume6,02,549
Avg Vol (1W)3,49,020
Avg Vol (1M)3,59,654.55
Stock P/E157.98
Book Value₹76.88
Dividend Yield0.3%
ROE9.3%
ROA4.1%
Revenue (TTM)₹1,035 Cr
Revenue Growth6.2%
Profit Margin3.5%
Total Debt₹109 Cr
Shares Outstanding7 Cr
Face Value₹2
EPS (TTM)₹2.65
P/B5.45
Debt / Equity0.65
50 DMA₹369.84
200 DMA₹395.53
Day change+4.49%
Price Chart
₹437.45▲ 4.92% · 1Y
2025-07-162026-07-15
20-day avg volume: 3.6L shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 16% YoY.
- Stock trades at a high P/E of 158.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹227 Cr | ₹236 Cr | ₹231 Cr | ₹334 Cr | ₹284 Cr | ₹351 Cr | ₹327 Cr | ₹392 Cr |
| EBITDA | ₹16 Cr | ₹28 Cr | ₹20 Cr | ₹47 Cr | ₹31 Cr | ₹32 Cr | ₹15 Cr | ₹34 Cr |
| Net Profit | ₹3 Cr | ₹13 Cr | ₹8 Cr | ₹20 Cr | ₹15 Cr | ₹12 Cr | ₹3 Cr | ₹18 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹362 Cr | ₹431 Cr | ₹488 Cr | ₹660 Cr | ₹940 Cr | ₹977 Cr | ₹1,035 Cr |
| EBITDA | ₹42 Cr | ₹69 Cr | ₹87 Cr | ₹106 Cr | ₹122 Cr | ₹95 Cr | ₹111 Cr |
| Net Profit | ₹18 Cr | ₹38 Cr | ₹52 Cr | ₹58 Cr | ₹70 Cr | ₹30 Cr | ₹47 Cr |
| EPS | 13.83 | 29.57 | 41.13 | 8.53 | 10.22 | 5.99 | 9.05 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹294 Cr | ₹335 Cr | ₹377 Cr | ₹760 Cr | ₹894 Cr | ₹1,202 Cr | ₹1,293 Cr |
| Total Liabilities | ₹251 Cr | ₹258 Cr | ₹242 Cr | ₹506 Cr | ₹568 Cr | ₹705 Cr | ₹739 Cr |
| Equity | ₹42 Cr | ₹77 Cr | ₹135 Cr | ₹254 Cr | ₹327 Cr | ₹497 Cr | ₹554 Cr |
| Total Debt | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Operating | ₹56 Cr | ₹57 Cr | ₹69 Cr | ₹34 Cr | ₹38 Cr | ₹121 Cr | ₹149 Cr |
| Investing | ₹-15 Cr | ₹-19 Cr | ₹-29 Cr | ₹-173 Cr | ₹-40 Cr | ₹-45 Cr | ₹-68 Cr |
| Financing | ₹-29 Cr | ₹-30 Cr | ₹-10 Cr | ₹160 Cr | ₹13 Cr | ₹-19 Cr | ₹-60 Cr |
| Free Cash Flow | ₹56 Cr | ₹57 Cr | ₹69 Cr | ₹34 Cr | ₹38 Cr | ₹121 Cr | ₹149 Cr |
Shareholding
Promoter 65.64% Institutions 7.14% Public 27.22%
Efficiency & Working Capital
ROCE7.3%
Interest Coverage2.9
Dividend Payout—
Debtor Days66 d
Inventory Days131 d
Payable Days39 d
Cash Conversion Cycle158 d
Working Capital Days197 d
Shareholding Details
As of 2026-06-30
Promoter65.6%
FII2.1%
DII4.7%
Institutions6.8%
Public27.6%
Promoter Pledge0%
No. of Shareholders71,078
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.7% | 66.7% | 66.7% | 66.7% | 66.7% | 66.7% | 66.7% | 66.8% | 65.6% | 65.6% | 65.6% | 65.6% |
| FIIs | 4.2% | 4.2% | 4.3% | 4.3% | 4.1% | 4% | 4.1% | 4% | 3.7% | 2.1% | 2.3% | 2.1% |
| DIIs | 3.9% | 3.9% | 3.8% | 3.6% | 3.5% | 3.5% | 3.5% | 4% | 4% | 4.5% | 4.9% | 4.7% |
| Public | 25.1% | 25.1% | 25.3% | 25.5% | 25.7% | 25.8% | 25.7% | 25.2% | 26.6% | 27.7% | 27.2% | 27.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 75,762 | 79,751 | 81,753 | 81,053 | 83,993 | 83,435 | 80,944 | 77,418 | 79,888 | 74,245 | 71,271 | 71,078 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Nilesh Khushalbhai Patel | Shareholding of Promoter and Promoter Group | 24.8% | 1.72 Cr |
| Himanshu Khushalbhai Patel | Shareholding of Promoter and Promoter Group | 24.5% | 1.70 Cr |
| Harsh Himanshubhai Patel | Shareholding of Promoter and Promoter Group | 12.8% | 88,57,761 |
| Overseae Pearl Limited | Public Shareholding | 3.6% | 24,87,000 |
| Dsp Small Cap Fund | Public Shareholding | 3.5% | 24,01,016 |
| Patel Shashikant Purshottam Das | Public Shareholding | 2.5% | 17,65,500 |
| Swara Rajeev Patel | Shareholding of Promoter and Promoter Group | 2.1% | 14,60,025 |
| Malabar India Fund Limited | Public Shareholding | 1.9% | 12,83,576 |
| Aalap Nilesh Patel | Shareholding of Promoter and Promoter Group | 1.4% | 9,44,165 |
| Mauryan India Fund | Public Shareholding | 1.1% | 7,79,043 |
| Kishoriben Nilesh Patel | Shareholding of Promoter and Promoter Group | 0.1% | 81,110 |
| Priti Himanshubhai Patel | Shareholding of Promoter and Promoter Group | 0.1% | 46,350 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Nilesh Khushalbhai Patel | 0 | 0% | 2026-06-30 |
| Himanshu Khushalbhai Patel | 0 | 0% | 2026-06-30 |
| Harsh Himanshubhai Patel | 0 | 0% | 2026-06-30 |
| Swara Rajeev Patel | 0 | 0% | 2026-06-30 |
| Aalap Nilesh Patel | 0 | 0% | 2026-06-30 |
| Kishoriben Nilesh Patel | 0 | 0% | 2026-06-30 |
| Priti Himanshubhai Patel | 0 | 0% | 2026-06-30 |
| Dsp Small Cap Fund | 0 | 0% | 2026-06-30 |
| Mauryan India Fund | 0 | 0% | 2026-06-30 |
| Malabar India Fund Limited | 0 | 0% | 2026-06-30 |
| Patel Shashikant Purshottam Das | 0 | 0% | 2026-06-30 |
| Overseae Pearl Limited | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Himanshu Patel | ED / MD / Promoter | 2025 |
| Nilesh Patel | Non Executive Director | 2025 |
| Yatish Parekh | Chairman & Independent Directo | 2025 |
| Harsh Patel | Whole-time Director | 2025 |
| Jayesh Shah | Independent Non Exe. Director | 2025 |
| Aalap Patel | Executive Director | 2025 |
| Vijayanti Punjabi | Independent Non Exe. Director | 2025 |
| Sandeep Randery | Independent Non Exe. Director | 2025 |
| Achal S Thakkar | Company Secretary | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Filtration, drying and other equipm | ₹374 Cr | 64.1% |
| Glass lined equipment | ₹209 Cr | 35.9% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹568 Cr | 96.2% |
| Outside India | ₹22 Cr | 3.8% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 18 | 14 | 14 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-19 | ₹1.1 (55%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 34 | 0 | 0 | 6 | 14 | 54 |
| 2025 | 30 | 0 | 0 | 5 | 1 | 36 |
| 2025 | 2 | 0 | 0 | 1 | 2 | 5 |
Insider / Designated-Person Trades
6 recent disclosure(s)
Harsh Himanshubhai PatelAcquisition · 25,588
Nilesh Khushalbhai PatelAcquisition · 20,000
Himanshu Khushalbhai PatelAcquisition · 15,000
Nilesh PatelDisposal · 10,09,521
Himanshu PatelDisposal · 10,00,000
Harsh PatelDisposal · 4,65,727
Substantial Acquisitions (SAST)
2 disclosure(s)
Market26/09/2023 · 24,75,248
Market26/09/2023 · 24,75,248
Company Information
🌐 www.hleglascoat.com ↗
📍 H-106 GIDC Estate, Vitthal Udyognagar, Anand, Gujarat, 388121
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