



General Industrials | Small Cap
HLE Glascoat Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strong solvency, growth and profitability. Its efficiency and liquidity need improvements. The company has good revenue and income growth, along with a solid equity position. However, its ability to quickly meet short-term obligations and efficiently use assets is weak. While the company is currently profitable, maintaining these levels will depend on managing costs and leveraging assets more effectively. Future growth opportunities exist if the company can streamline its operations and improve its short-term financial health. The company's solvency and profitability are notable strengths, while liquidity and efficiency are areas of concern that require attention.
HLE Glascoat Ltd, operating in the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strong solvency, growth and profitability. Its efficiency and liquidity need improvements. The company has good revenue and income growth, along with a solid equity position. However, its ability to quickly meet short-term obligations and efficiently use assets is weak. While the company is currently profitable, maintaining these levels will depend on managing costs and leveraging assets more effectively. Future growth opportunities exist if the company can streamline its operations and improve its short-term financial health. The company's solvency and profitability are notable strengths, while liquidity and efficiency are areas of concern that require attention.
Overall Valuation Score
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0
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Markets Today NSE
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0.00
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0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
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P/E RATIO (TTM)
58.00
Industry Median
32.66
Small Cap Median
32.66
P/E RATIO
44.80
P/B RATIO
4.15
Industry Median
3.99
Small Cap Median
3.84
P/S RATIO
1.58
Industry Median
2.08
Small Cap Median
1.95
Others
PEG RATIO
0.00
EV/EBITDA RATIO
15.75
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹319 as on Aug 22, 2026.
The company demonstrates strong growth across various metrics. Revenue growth, operating profit growth, EPS growth, asset growth, and net income growth all indicate positive momentum and expansion. This suggests that the company is effectively growing its business, increasing profitability, and creating value for its stakeholders. The weighted average calculation, which emphasizes recent performance, confirms the company's robust growth trajectory.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 34.71 | 42.94 | 3.86 | 6.2 | 31.61 |
| Operating Profit Growth Rate | 19.35 | 25.23 | -17.99 | 19.3 | 2.94 |
| Earnings Per Share (EPS) Growth | 6.5 | 20.07 | -57.48 | 57.24 | 4.09 |
| Asset Growth Rate | 101.33 | 17.79 | 34.45 | 7.15 | 7.3 |
| Net Income Growth Rate | 9.43 | 20.69 | -41.43 | 51.22 | -8.06 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | HLE Glascoat Ltd | 7.29 | 44.80 | Neutral | 140.00 | 5.50 | 57.00 |
| 2 | Windsor Machines Ltd | 6.09 | 4494.29 | Overvalued | 31.00 | -0.44 | 1.00 |
| 3 | Honda India Power Products Ltd | 5.84 | 32.66 | Neutral | 82.00 | 63.33 | 64.00 |
| 4 | GMM Pfaudler Ltd | 5.32 | 79.50 | Neutral | 403.00 | 13.19 | 52.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
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HLE Glascoat Ltd. is a prominent Indian manufacturer of critical process equipment, specializing in glass-lined equipment and filtration & drying solutions. Serving pharmaceutical, chemical, and agrochemical industries globally, it is recognized for engineering excellence and advanced technology, including its German subsidiary, Thaletec.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. HLE Glascoat Ltd's P/E ratio (TTM) is 58, compared to the industry median of 32.66 and large cap median of 32.66.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. HLE Glascoat Ltd's P/B ratio is 4.15, compared to the industry median of 3.99 and large cap median of 3.84.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. HLE Glascoat Ltd's P/S ratio is 1.58, compared to the industry median of 2.08 and large cap median of 1.95.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. HLE Glascoat Ltd's PEG ratio is 3.30.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. HLE Glascoat Ltd's EV/EBITDA ratio is 15.75.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. HLE Glascoat Ltd's ROE is 10.67%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. HLE Glascoat Ltd's ROA is 10.13%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. HLE Glascoat Ltd's ROCE is 12%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. HLE Glascoat Ltd's operating margin is 10.35%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. HLE Glascoat Ltd's net margin is 4.21%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. HLE Glascoat Ltd's current ratio is 1.05.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. HLE Glascoat Ltd's debt-to-equity ratio is 0.25.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. HLE Glascoat Ltd's interest coverage ratio is 3.09.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. HLE Glascoat Ltd's DPS is ₹1.07.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. HLE Glascoat Ltd's EPS is 4.09.
(Source line: "Ratios as of 22 Aug 2026, based on last traded price of ₹319. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1991 (as Swiss Glascoat Equipments Limited)
Headquarters: Ahmedabad, Gujarat
Core Offerings: Glass Lined Equipment, Filtration & Drying Equipment, Process Equipment
Stock Listing: NSE (HLEGLAS), BSE (522215)
Promoter: Patel Family Group
1991: Incorporated as Swiss Glascoat Equipments Limited. 2017: Acquired the Glass Lined Equipment division of HLE Engineers Private Limited, significantly expanding its product portfolio. 2019: Renamed from Swiss Glascoat Equipments Limited to HLE Glascoat Limited, effective August 12, 2019. 2020: Acquired a majority stake in Thaletec GmbH, Germany, a leading European manufacturer of glass-lined equipment, expanding its global footprint and technological capabilities. Present: A leading global player in process equipment for chemical and pharmaceutical industries.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Glass Lined Equipment | 74.9% | High contribution |
| Filtration, Drying & Other Equipment | 25.1% | Moderate contribution |
Glass Lined Equipment: Manufactures a wide range of glass-lined reactors, storage tanks, receivers, and accessories crucial for corrosion resistance and non-contamination in chemical, pharmaceutical, and agrochemical industries.
Filtration & Drying Equipment: Offers advanced filtration and drying solutions like Agitated Nutsche Filters & Dryers (ANFD), vacuum dryers, and conical dryers, essential for product purity and separation processes.
Stainless Steel & Alloy Equipment: Provides custom-built process equipment such as heat exchangers, pressure vessels, and columns made from stainless steel and various alloys for specialized applications.
Global Presence & Technology: Through its German subsidiary Thaletec GmbH, the company offers cutting-edge glass-lining technology and expands its market reach in Europe and beyond.
Mr. Himanshu Patel - Chairman & Managing Director: A visionary leader with extensive experience in the engineering and manufacturing sector, instrumental in the company's strategic growth and acquisitions. Mr. Chetan Patel - Whole-time Director: A key promoter, he plays a crucial role in the company's operational excellence and business development.
Thaletec GmbH, Germany
HLE Glascoat Inc., USA
2019: Name changed from Swiss Glascoat Equipments Limited to HLE Glascoat Limited. 2020: Acquired 70% stake in Thaletec GmbH, Germany. 2021: Bonus issue of 1:1 shares. 2022: Stock split from face value ₹10 to ₹2.
The HLE Glascoat Ltd share price today is ₹319 on NSE (HLEGLAS), as of 23 Aug 2026.
As of 22 Aug 2026, HLE Glascoat Ltd share price is ₹319, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, HLE Glascoat Ltd's market cap is ₹2,143.68 crore (Small Cap).
HLE Glascoat Ltd's current P/E ratio is 58, compared to the GENERAL INDUSTRIALS sector average of 55.40.
HLE Glascoat Ltd's current P/B ratio is 4.15.
HLE Glascoat Ltd's current dividend yield is 0.34%. Last dividend of ₹2.50 per share was declared on 18-Aug-2023.
HLE Glascoat Ltd's EPS (TTM) is ₹4.09.
HLE Glascoat Ltd. is a prominent Indian manufacturer of critical process equipment, specializing in glass-lined equipment and filtration & drying solutions. Serving pharmaceutical, chemical, and agrochemical industries globally, it is recognized for engineering excellence and advanced technology, including its German subsidiary, Thaletec.
HLE Glascoat Ltd is promoted by Patel Family Group, holding 65.64% as of 22 Aug 2026.
HLE Glascoat Ltd is listed on NSE (HLEGLAS) and BSE (522215). Its next quarterly results are expected on August 2024 (Q1 FY25).