Debut Plus

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:250661.95
Market 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
6452511.1Cr
2025-07-16
2026-07-15

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
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS13.8329.5741.138.5310.225.999.05
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters66.7%66.7%66.7%66.7%66.7%66.7%66.7%66.8%65.6%65.6%65.6%65.6%
FIIs4.2%4.2%4.3%4.3%4.1%4%4.1%4%3.7%2.1%2.3%2.1%
DIIs3.9%3.9%3.8%3.6%3.5%3.5%3.5%4%4%4.5%4.9%4.7%
Public25.1%25.1%25.3%25.5%25.7%25.8%25.7%25.2%26.6%27.7%27.2%27.6%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders75,76279,75181,75381,05383,99383,43580,94477,41879,88874,24571,27171,078
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Nilesh Khushalbhai PatelShareholding of Promoter and Promoter Group24.8%1.72 Cr
Himanshu Khushalbhai PatelShareholding of Promoter and Promoter Group24.5%1.70 Cr
Harsh Himanshubhai PatelShareholding of Promoter and Promoter Group12.8%88,57,761
Overseae Pearl LimitedPublic Shareholding3.6%24,87,000
Dsp Small Cap FundPublic Shareholding3.5%24,01,016
Patel Shashikant Purshottam DasPublic Shareholding2.5%17,65,500
Swara Rajeev PatelShareholding of Promoter and Promoter Group2.1%14,60,025
Malabar India Fund LimitedPublic Shareholding1.9%12,83,576
Aalap Nilesh PatelShareholding of Promoter and Promoter Group1.4%9,44,165
Mauryan India FundPublic Shareholding1.1%7,79,043
Kishoriben Nilesh PatelShareholding of Promoter and Promoter Group0.1%81,110
Priti Himanshubhai PatelShareholding of Promoter and Promoter Group0.1%46,350
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Nilesh Khushalbhai Patel00%2026-06-30
Himanshu Khushalbhai Patel00%2026-06-30
Harsh Himanshubhai Patel00%2026-06-30
Swara Rajeev Patel00%2026-06-30
Aalap Nilesh Patel00%2026-06-30
Kishoriben Nilesh Patel00%2026-06-30
Priti Himanshubhai Patel00%2026-06-30
Dsp Small Cap Fund00%2026-06-30
Mauryan India Fund00%2026-06-30
Malabar India Fund Limited00%2026-06-30
Patel Shashikant Purshottam Das00%2026-06-30
Overseae Pearl Limited00%2026-06-30
Board of Directors
NameDesignationYear
Himanshu PatelED / MD / Promoter2025
Nilesh PatelNon Executive Director2025
Yatish ParekhChairman & Independent Directo2025
Harsh PatelWhole-time Director2025
Jayesh ShahIndependent Non Exe. Director2025
Aalap PatelExecutive Director2025
Vijayanti PunjabiIndependent Non Exe. Director2025
Sandeep RanderyIndependent Non Exe. Director2025
Achal S ThakkarCompany Secretary2025
Segments — Product
SegmentRevenueShare
Filtration, drying and other equipm₹374 Cr64.1%
Glass lined equipment₹209 Cr35.9%
Segments — Geography
RegionRevenueShare
India₹568 Cr96.2%
Outside India₹22 Cr3.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2181414
Corporate Actions
TypeDateValueRemark
dividend2025-09-19₹1.1 (55%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025340061454
202530005136
2025200125
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
Incorporated1991
ChairmanYatish Parekh
AuditorM M Nissim & Co LLP
Investor Email[email protected]
🌐 www.hleglascoat.com

📍 H-106 GIDC Estate, Vitthal Udyognagar, Anand, Gujarat, 388121

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