HLE Glascoat Ltd (HLEGLAS) AI Stock Analysis

• Market Cap: ₹36.03B
• Dividend Yield: 0.21%
• Average Volume (3M): 72.14K
• Price to Earnings (P/E): 53.9
• Beta (1Y): 1.10
• Revenue Growth: 8.70%
• EPS Growth: 185.90%
• Country: IN
• Employees: 740
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial - Machinery
• EPS (TTM): 2.16
• Shares Outstanding: 68,265,480
• 10 Day Avg. Volume: 65,790
• 30 Day Avg. Volume: 72,144
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹600.00
• Price Target Upside: 13.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: ₹600.00 ▲(13.68% Upside)

HLE Glascoat Ltd's strong financial performance and bullish technical indicators are the primary drivers of its stock score. However, the high valuation and overbought technical signals suggest caution. The company must manage its rising debt levels to maintain financial flexibility.

HLE Glascoat Ltd Business Overview & Revenue Model

Company Description

HLE Glascoat Ltd (HLEGLAS) is an Indian company that specializes in the manufacturing of glass-lined equipment, which is used in various industries including pharmaceuticals, chemicals, and agrochemicals. The company's product portfolio includes reactors, storage tanks, columns, and other specialized equipment that cater to the process equipment needs of its clients. With a focus on quality and innovation, HLE Glascoat has established itself as a leader in the glass-lined equipment sector.

How the Company Makes Money

HLE Glascoat Ltd generates revenue primarily through the sale of its glass-lined equipment products. The company caters to a diverse range of industries that require high-quality, corrosion-resistant equipment for their processes. Key revenue streams include the manufacturing and sale of reactors, storage tanks, and columns, which are customized to meet the specific needs of their clients. Additionally, the company benefits from long-term relationships and contracts with major players in the pharmaceutical, chemical, and agrochemical industries, ensuring a steady demand for its products. HLE Glascoat also invests in R&D to enhance its product offerings and maintain its competitive edge in the market.

HLE Glascoat Ltd Financial Statement Overview

Summary

HLE Glascoat Ltd exhibits strong financial health with consistent revenue growth and profitability. The balance sheet is stable, though rising debt warrants attention. Cash flow generation is robust, supporting future growth plans. The company is well-positioned in the Industrial Machinery sector, but must manage leverage carefully to maintain financial flexibility.

Income Statement

HLE Glascoat Ltd has shown robust revenue growth over the years, with a significant increase from 2020 to 2025. The Gross Profit Margin and Net Profit Margin are strong, indicating effective cost management and profitability. However, there's a slight decline in EBIT and EBITDA margins in the latest year, suggesting potential operational challenges.

Balance Sheet

The company's balance sheet reveals a healthy equity position with a decent Debt-to-Equity ratio, indicating manageable leverage. Return on Equity has been improving, reflecting effective utilization of equity capital. However, the increasing debt levels in recent years may pose a risk if not managed carefully.

Cash Flow

HLE Glascoat Ltd has demonstrated impressive growth in Free Cash Flow over the years, highlighting improved cash generation capabilities. The Operating Cash Flow to Net Income Ratio suggests high-quality earnings, although capital expenditures have also increased, indicating significant reinvestments into the business.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.28B	10.28B	9.68B	9.32B	6.46B	4.81B
Gross Profit	3.81B	4.64B	5.18B	4.99B	3.03B	2.25B
EBITDA	1.37B	1.34B	1.15B	1.44B	1.07B	935.86M
Net Income	449.26M	467.14M	296.87M	698.14M	581.68M	523.20M
Balance Sheet
Total Assets	12.93B	12.93B	12.02B	8.91B	7.60B	3.77B
Cash, Cash Equivalents and Short-Term Investments	521.57M	521.57M	332.86M	274.79M	249.30M	104.92M
Total Debt	3.81B	3.81B	3.90B	2.57B	2.04B	753.13M
Total Liabilities	7.39B	7.39B	7.05B	5.64B	5.07B	2.42B
Stockholders Equity	4.59B	4.59B	4.17B	3.27B	2.54B	1.35B
Cash Flow
Free Cash Flow	0.00	679.75M	390.92M	-435.87M	-590.78M	160.23M
Operating Cash Flow	0.00	1.34B	942.62M	48.76M	103.00M	482.37M
Investing Cash Flow	0.00	-683.81M	-454.71M	-404.18M	-1.73B	-291.69M
Financing Cash Flow	0.00	-596.75M	-182.03M	132.94M	1.51B	-99.04M

HLE Glascoat Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 527.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HLEGLAS, the sentiment is Positive. The current price of 527.8 is above the 20-day moving average (MA) of 486.86, above the 50-day MA of 455.38, and above the 200-day MA of 361.85, indicating a bullish trend. The MACD of 27.05 indicates Negative momentum. The RSI at 60.20 is Neutral, neither overbought nor oversold. The STOCH value of 48.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HLEGLAS.

HLE Glascoat Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLEGLAS	74 Outperform	₹36.03B	53.95		0.21%	8.70%	185.90%
ANUP	68 Neutral	₹46.57B	38.50		0.73%	33.36%	9.67%
KSB	68 Neutral	₹141.93B	57.09		0.48%	10.55%	17.96%
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
ISGEC	60 Neutral	₹74.88B	31.73		0.39%	-2.31%	-8.69%
ROTO	60 Neutral	₹15.56B	45.43		0.32%	10.30%	-8.01%
GMMPFAUDLR	55 Neutral	₹53.28B	124.07		0.26%	-3.36%	-73.03%