HLE Glascoat Ltd (HLEGLAS) AI Stock Analysis

• Market Cap: ₹30.99B
• Dividend Yield: 0.23%
• Average Volume (3M): 29.39K
• Price to Earnings (P/E): 56.0
• Beta (1Y): 1.06
• Revenue Growth: 18.87%
• EPS Growth: 99.04%
• Country: IN
• Employees: 740
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial - Machinery
• EPS (TTM): 1.73
• Shares Outstanding: 68,265,480
• 10 Day Avg. Volume: 31,164
• 30 Day Avg. Volume: 29,386
• PEG Ratio: 0.52
• Price to Book (P/B): 3.02
• Price to Sales (P/S): 1.35
• P/FCF Ratio: 20.41
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹471.00 ▼(-0.99% Downside)

HLE Glascoat Ltd's strong financial performance is a key strength, supported by robust revenue growth and cash flow generation. However, technical analysis indicates bearish momentum, and the stock appears overvalued with a high P/E ratio and low dividend yield. These factors contribute to a moderate overall stock score.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong market demand and effective sales strategies, positioning the company well for future expansion.

Cash Flow Generation

Strong cash flow generation supports reinvestment in growth initiatives and provides financial flexibility to manage debt and other obligations.

Profitability Margins

High profitability margins reflect efficient operations and cost control, enhancing the company's ability to withstand market fluctuations.

Negative Factors

Rising Debt Levels

Rising debt can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Margin Decline

Declining margins may indicate rising costs or pricing pressures, which could affect long-term profitability if not addressed.

Capital Expenditures

While reinvestment is crucial for growth, high capital expenditures can strain cash flow and require careful management to ensure returns.

HLE Glascoat Ltd Business Overview & Revenue Model

Company Description

HLE Glascoat Ltd (HLEGLAS) is a prominent manufacturer and supplier of specialized glass-lined equipment and systems, serving various sectors including pharmaceuticals, chemicals, and food processing. The company is renowned for its high-quality glass-lined reactors, storage tanks, and pressure vessels, which are designed to ensure safety and efficiency in the handling of corrosive materials. With a commitment to innovation and excellence, HLEGLAS also offers a range of services including engineering, design, and maintenance, catering to the needs of its global clientele.

How the Company Makes Money

HLE Glascoat Ltd generates revenue primarily through the sale of its glass-lined equipment and systems. Key revenue streams include the manufacturing and installation of glass-lined reactors, tanks, and vessels, which are essential for industries that require safe handling of corrosive substances. The company also earns income from its engineering and design services, providing customized solutions tailored to specific client requirements. Additionally, HLEGLAS may engage in long-term maintenance contracts that ensure ongoing service and support for its equipment, creating a recurring revenue stream. Strategic partnerships with industry players and participation in global markets further enhance its earning potential.

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	10.84B	10.28B	9.68B	9.32B	6.53B	4.86B
Gross Profit	5.74B	4.64B	5.18B	4.99B	3.03B	2.25B
EBITDA	1.55B	1.34B	1.15B	1.44B	1.08B	935.86M
Net Income	562.84M	467.14M	296.87M	698.14M	581.68M	523.20M
Balance Sheet
Total Assets	0.00	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	0.00	3.81B	3.90B	2.57B	2.17B	945.62M
Total Liabilities	-5.54B	7.39B	7.05B	5.64B	5.07B	2.42B
Stockholders Equity	5.54B	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	1.60B	-99.04M

HLE Glascoat Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 475.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 Negative. The current price of 475.7 is below the 20-day moving average (MA) of 521.17, below the 50-day MA of 512.62, and above the 200-day MA of 404.82, indicating a neutral trend. The MACD of -18.86 indicates Positive momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of 31.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HLEGLAS.

HLE Glascoat Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANUP	65 Neutral	₹45.35B	37.76	―	0.75%	28.24%	-0.43%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMMPFAUDLR	61 Neutral	₹57.70B	134.38	―	0.18%	3.69%	-36.27%
HLEGLAS	59 Neutral	₹30.99B	55.97	―	0.23%	18.87%	99.04%
KSB	59 Neutral	₹134.54B	52.39	―	0.52%	9.50%	14.52%
ROTO	59 Neutral	₹12.93B	37.90	―	0.43%	2.00%	-20.08%
ISGEC	56 Neutral	₹64.82B	27.46	―	0.60%	-4.14%	-35.66%

HLE Glascoat Ltd Corporate Events

HLE Glascoat Releases Q2 & H1 FY26 Earnings Call Transcript

HLE Glascoat Limited has released the transcript of its earnings call for the second quarter and half-year of the fiscal year 2025-26. The conference call, held on November 12, 2025, discussed the company’s operational and financial performance, reflecting its ongoing strategies and market positioning. This release is part of the company’s compliance with regulatory requirements, and the transcript is available on their official website.

HLE Glascoat Unveils Strategic Investor Presentation

HLE Glascoat Limited has released an investor presentation, emphasizing its strategic goals and operational insights. The presentation outlines the company’s focus on growth, expansion plans, and adaptation to regulatory and technological changes, which are crucial for maintaining its competitive edge and ensuring stakeholder confidence.

HLE Glascoat Reports Strong H1 FY26 Financial Growth and Strategic Expansion

HLE Glascoat Limited reported robust financial growth for the first half of the fiscal year 2025-26, with a 37.1% increase in revenue and a 60.4% rise in profit after tax compared to the previous year. The company’s strategic acquisitions, including the Omeras business in Germany, have strengthened its product offerings and market position, particularly in the glass-fused steel products sector. With a strong order book and favorable market conditions, HLE Glascoat is well-positioned for continued growth in the upcoming quarters.

HLE Glascoat Ltd Schedules Earnings Call for Q2 & H1FY26

HLE Glascoat Ltd has announced an upcoming earnings call scheduled for November 12, 2025, to discuss its financial performance for the second quarter and first half of the fiscal year 2026. This call will involve key company executives and the senior management team, reflecting the company’s commitment to transparency and stakeholder engagement. The announcement indicates the company’s proactive approach in communicating its financial health and strategic direction to investors and stakeholders.

HLE Glascoat Appoints New VP of Operations for Anand Unit

HLE Glascoat Limited has announced the appointment of Mr. Vijay Saini as Vice President-Operations for its Anand Unit, effective October 13, 2025. Mr. Saini brings 30 years of experience in manufacturing and operations, having previously worked with companies like Plasser India and Wabtec. This strategic appointment is expected to enhance operational excellence and productivity at the Anand Unit, potentially strengthening HLE Glascoat’s position in the industry.

HLE Glascoat Completes Amalgamation with Kinam Enterprise

HLE Glascoat Ltd has announced the completion of a Scheme of Amalgamation with Kinam Enterprise Private Limited, which has been approved by the National Company Law Tribunal. This merger, effective from August 7, 2023, results in an increased authorized share capital for HLE Glascoat, enhancing its financial capacity and potentially strengthening its market position.

HLE Glascoat Ltd Announces 34th AGM Notice Publication

HLE Glascoat Ltd announced the publication of its 34th Annual General Meeting notice in prominent newspapers, including Business Standard and Jai Hind. The announcement includes details about the AGM, such as the meeting date, book closure, record date, e-voting, and the dispatch of the notice and annual report. This step ensures transparency and compliance with SEBI regulations, reinforcing the company’s commitment to maintaining robust communication with its stakeholders.