HLE Glascoat Ltd (HLEGLAS) AI Stock Analysis

• Market Cap: ₹34.21B
• Dividend Yield: 0.22%
• Average Volume (3M): 40.41K
• Price to Earnings (P/E): 60.8
• Beta (1Y): 1.17
• Revenue Growth: 8.70%
• EPS Growth: 137.97%
• Country: IN
• Employees: 740
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial - Machinery
• EPS (TTM): 2.16
• Shares Outstanding: 68,265,480
• 10 Day Avg. Volume: 40,200
• 30 Day Avg. Volume: 40,413
• 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: ₹522.00
• Price Target Upside: 6.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹522.00 ▲(6.99% Upside)

HLE Glascoat Ltd demonstrates strong financial performance with robust revenue growth and profitability, which is the most significant factor in its score. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests overvaluation, which dampens the overall score.

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	1.07B	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: 487.90
• 50DMA: Negative
• 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 Negative. The current price of 487.9 is below the 20-day moving average (MA) of 495.50, below the 50-day MA of 499.54, and above the 200-day MA of 379.43, indicating a neutral trend. The MACD of -0.73 indicates Negative momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 52.21 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
KSB	68 Neutral	₹138.66B	53.99	―	0.50%	10.55%	17.96%
ANUP	67 Neutral	₹47.51B	39.40	―	0.71%	33.36%	9.67%
HLEGLAS	64 Neutral	₹34.21B	60.78	―	0.22%	8.70%	137.97%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ISGEC	60 Neutral	₹65.65B	27.82	―	0.56%	-2.31%	-8.69%
ROTO	60 Neutral	₹13.59B	39.85	―	0.37%	10.30%	-8.34%
GMMPFAUDLR	55 Neutral	₹47.98B	111.73	―	0.28%	-3.36%	-73.03%