HLE Glascoat Ltd (IN:HLEGLAS)
:HLEGLAS
Top Page
HLE Glascoat Ltd
(HLEGLAS)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹293.00
▼(-34.85% Downside)
Action:ReiteratedDate:02/25/26
The score is primarily supported by strong financial performance (growth, profitability, and cash generation). It is meaningfully offset by weak technical momentum (price below key moving averages with bearish MACD) and a relatively expensive valuation (high P/E with low dividend yield).
Positive Factors
Sustained Revenue Growth
Consistent multi-year revenue growth indicates expanding product adoption in chemical and allied process industries. Durable demand for glass-lined equipment plus broad product range supports steady top-line expansion, enabling scale benefits and longer-term market share gains.
Negative Factors
Rising Debt Levels
Gradually increasing leverage reduces financial flexibility and raises interest burden risk, particularly if cyclical order flows or margins weaken. Sustained higher debt could constrain capex decisions and limit ability to weather demand shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent multi-year revenue growth indicates expanding product adoption in chemical and allied process industries. Durable demand for glass-lined equipment plus broad product range supports steady top-line expansion, enabling scale benefits and longer-term market share gains.
Read all positive factors
HLE Glascoat Ltd (HLEGLAS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.80B
Dividend Yield0.24%
Average Volume (3M)29.39K
Price to Earnings (P/E)267.8
Beta (1Y)1.18
Revenue Growth18.87%
EPS Growth99.04%
CountryIN
Employees740
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.41
Shares Outstanding69,454,740
10 Day Avg. Volume31,164
30 Day Avg. Volume29,386
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)3.02
Price to Sales (P/S)1.35
P/FCF Ratio20.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HLE Glascoat Ltd Business Overview & Revenue Model
Company Description
HLE Glascoat Limited designs and manufactures carbon steel glass lined equipment in India and internationally. It offers reactors, receivers, storage tanks, columns, agitators, valves, pipes and fittings, and other similar equipment and related sp...
How the Company Makes Money
null...
HLE Glascoat Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.99B | 10.28B | 9.68B | 9.32B | 6.53B | 4.86B |
| Gross Profit | 5.01B | 4.64B | 5.18B | 4.99B | 3.03B | 2.25B |
| EBITDA | 1.56B | 1.34B | 1.15B | 1.44B | 1.08B | 935.86M |
| Net Income | 555.82M | 467.14M | 296.87M | 698.14M | 581.68M | 523.20M |
Balance Sheet | ||||||
| Total Assets | 14.16B | 12.93B | 12.02B | 8.91B | 7.60B | 3.77B |
| Cash, Cash Equivalents and Short-Term Investments | 625.02M | 521.57M | 332.86M | 274.79M | 249.30M | 104.92M |
| Total Debt | 3.82B | 3.81B | 3.90B | 2.57B | 2.17B | 945.62M |
| Total Liabilities | 8.30B | 7.39B | 7.05B | 5.64B | 5.07B | 2.42B |
| Stockholders Equity | 5.07B | 4.59B | 4.17B | 3.27B | 2.54B | 1.35B |
Cash Flow | ||||||
| Free Cash Flow | 514.38M | 679.75M | 390.92M | -435.87M | -590.78M | 160.23M |
| Operating Cash Flow | 745.76M | 1.34B | 942.62M | 48.76M | 103.00M | 482.37M |
| Investing Cash Flow | -484.80M | -683.81M | -454.71M | -404.18M | -1.73B | -291.69M |
| Financing Cash Flow | -288.74M | -596.75M | -182.03M | 132.94M | 1.60B | -99.04M |
HLE Glascoat Ltd Technical Analysis
Negative
449.70
Price Trends
326.73
Negative
393.19
Negative
438.46
Negative
Market Momentum
-17.10
Negative
41.97
Neutral
52.91
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 449.7 is above the 20-day moving average (MA) of 285.35, above the 50-day MA of 326.73, and above the 200-day MA of 438.46, indicating a bearish trend. The MACD of -17.10 indicates Negative momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 52.91 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹20.80B | 267.77 | ― | 0.24% | 18.87% | 99.04% | |
62 Neutral | ₹36.74B | 43.98 | ― | 0.77% | 28.24% | -0.43% | |
62 Neutral | ₹148.35B | 48.57 | ― | 0.51% | 9.50% | 14.52% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹40.70B | -155.37 | ― | 0.19% | 3.69% | -36.27% | |
58 Neutral | ₹67.78B | 24.01 | ― | 0.59% | -4.14% | -35.66% | |
55 Neutral | ₹10.56B | 47.85 | ― | 0.36% | 2.00% | -20.08% |
* Basic Materials Sector Average
IN:HLEGLAS
HLE Glascoat Ltd
299.45
25.89
9.46%
IN:ANUP
Anup Engineering Ltd.
1,834.10
-1,215.28
-39.85%
IN:GMMPFAUDLR
GMM Pfaudler Limited
905.25
-145.69
-13.86%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
921.85
-103.89
-10.13%
IN:KSB
KSB Ltd.
852.40
138.57
19.41%
IN:ROTO
Roto Pumps Limited
56.04
-14.57
-20.63%
HLE Glascoat Ltd Corporate Events
HLE Glascoat Files Revised Quarterly XBRL Results After NSE Query
Feb 8, 2026
HLE Glascoat Ltd has clarified discrepancies in its financial results submitted to the National Stock Exchange of India for the quarter ended 30 September 2025, after the exchange flagged issues under Regulation 33 of SEBI’s listing obligati...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.