| Quarterly Financials | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 78 | 131 | 92 | 117 | 108 | 113 | 84 | 122 | 133 | 150 | 125 | 125 | 159 | 251 | 208 | 218 | 217 | 301 | 198 | 228 | 243 | 309 | 229 | 237 | 233 | 336 | 286 |
| Expenses | 69 | 109 | 76 | 98 | 87 | 92 | 69 | 100 | 103 | 121 | 101 | 102 | 137 | 212 | 176 | 180 | 188 | 254 | 174 | 200 | 218 | 270 | 205 | 202 | 205 | 282 | 246 |
| EBITDA | 8 | 22 | 16 | 19 | 21 | 21 | 15 | 22 | 30 | 29 | 25 | 23 | 22 | 39 | 32 | 38 | 28 | 47 | 24 | 28 | 25 | 39 | 24 | 36 | 28 | 54 | 40 |
| Operating Profit % | 11 % | 16 % | 17 % | 16 % | 19 % | 17 % | 17 % | 18 % | 22 % | 18 % | 19 % | 18 % | 11 % | 15 % | 14 % | 16 % | 12 % | 15 % | 12 % | 11 % | 9 % | 12 % | 10 % | 14 % | 11 % | 16 % | 13 % |
| Depreciation | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 8 | 8 |
| Interest | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 5 | 5 | 9 | 5 | 6 | 10 | 10 | 9 | 9 | 9 | 9 | 9 |
| Profit Before Tax | 3 | 17 | 11 | 14 | 16 | 16 | 10 | 17 | 25 | 25 | 21 | 19 | 15 | 30 | 22 | 28 | 17 | 33 | 13 | 16 | 8 | 21 | 7 | 20 | 11 | 37 | 23 |
| Tax | 1 | 4 | 3 | 5 | 5 | 5 | 4 | 5 | 8 | 7 | 6 | 6 | 7 | 7 | 6 | 8 | 5 | 10 | 4 | 5 | 2 | 6 | 2 | 5 | 1 | 6 | 5 |
| Net Profit | 2 | 14 | 8 | 10 | 11 | 11 | 7 | 12 | 17 | 18 | 14 | 13 | 8 | 23 | 15 | 19 | 12 | 23 | 9 | 11 | 6 | 15 | 5 | 14 | 10 | 32 | 18 |
| EPS in ₹ | 2.94 | 21.01 | 6.07 | 14.40 | 8.40 | 8.53 | 5.13 | 9.01 | 13.26 | 13.81 | 10.67 | 9.78 | 5.68 | 17.09 | 11.27 | 2.84 | 1.80 | 3.34 | 1.36 | 1.59 | 0.88 | 2.16 | 0.79 | 2.11 | 1.51 | 4.64 | 2.62 |
HLE Glascoat
HLE Glascoat
474.65
-37.85
(-7.39%)
There are new updates from the company1 day ago
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Market Cap
3,240.20 Cr
EPS
9.05
PE Ratio
57.41
Dividend Yield
0.23 %
Industry
Capital Goods52 Week High
579.50
52 Week Low
217.83
PB Ratio
7.23
Debt to Equity
0.88
Sector
Industrial Products
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Company News
View All News
HLE Glascoat Limited has completed its amalgamation with Kinam Enterprise Private Limited after receiving approval from the National Company Law Tribunal, Ahmedabad Bench. The merger became effective on September 1, 2025, with an appointed date of August 7, 2023. Following the amalgamation, HLE Glascoat's authorized share capital increased to Rs. 27,60,00,000, comprising 12,50,00,000 equity shares of Rs. 2 each and 26,00,000 preference shares of Rs. 10 each. The company's Memorandum of Association has been amended accordingly to reflect these changes.
HLE Glascoat Limited completed the acquisition of specific assets of OMERAS GmbH and its subsidiary OMERAS Store GmbH for €2.75 million on August 18, 2025. The acquisition includes a 21,000 square meter manufacturing facility in Germany, equipment, machinery, the OMERAS brand, technical know-how, inventory, and key management personnel. OMERAS reported FY2024 revenue of €21.9 million with a 54.3% gross margin but posted a net loss of €0.46 million. The company has a €7 million order book and €28 million inquiry pipeline. HLE expects the deal to be EPS accretive within 2-3 quarters and targets FY2027 revenue of €20-25 million for OMERAS. The acquisition diversifies HLE's portfolio into infrastructure, architectural, and renewable energy applications, reducing dependence on chemical and pharmaceutical clients. Management plans to improve capacity utilization from below 50% and introduce OMERAS products to the Indian market. The deal positions HLE to capitalize on the European Green Deal's biogas investments and global water infrastructure spending projected to exceed $100 billion annually by 2030.
HLE Glasscoat acquired assets of German company Omeras for €2.75 million (Rs 28 crore) through its subsidiary HLE Surface Technologies. The acquisition includes all shares of Omerastore GmbH and assets from Omeras GmbH, which specializes in enamelled metal products. The company expects the acquisition to add Rs 100 crore to topline in FY26 with modest profits, targeting double-digit EBITDA from the following year. Management confirmed targets of Rs 1,300 crore revenue in FY26 and Rs 1,500 crore in FY27 with 15% margins as realistic goals. The company is expanding into defense and aerospace sectors, having made progress on army vehicle projects after previously delivering diving support vessels to the Indian Navy. Cross-selling opportunities exist between Omeras' large glass-lined steel tanks and HLE's existing product range for Indian clients. HLE Glasscoat shares closed 4.9% lower at Rs 509.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
7,341.00 | #1 47,044.30 | 154.97 | 2,828.70 | 52.04 | 293 | 46.85 | 75.94 | |
36,100.00 | 31,917.90 | 62.37 | 4,371.70 | 4.06 | #1 524 | -8.72 | 44.03 | |
868.95 | 19,761.90 | 58.69 | 1,832.20 | 36.23 | 316 | 40.28 | 38.19 | |
14,609.00 | 15,606.80 | 150.63 | 3,136.70 | -35.18 | 103 | 4.55 | 54.70 | |
802.85 | 15,452.00 | 76.57 | 3,836.10 | 19.42 | 184 | #1 144.61 | 59.20 | |
1,942.10 | 12,921.90 | 65.08 | 1,681.80 | 11.02 | 200 | -3.81 | 48.76 | |
565.70 | 12,694.30 | 28.31 | 2,287.00 | 15.42 | 415 | 138.96 | 47.71 | |
59.03 | 6,877.80 | 67.14 | 869.90 | #1 98.40 | 108 | 61.29 | 34.71 | |
348.40 | 6,404.00 | 45.73 | 3,288.80 | -6.72 | 219 | -93.71 | 21.87 | |
138.67 | 5,539.40 | #1 25.27 | #1 5,164.20 | 44.56 | 226 | -50.51 | 42.64 |
Forecast
Actual
Growth Rate
Revenue Growth
5.96 %
Net Income Growth
51.10 %
Cash Flow Change
41.83 %
ROE
35.36 %
ROCE
22.90 %
EBITDA Margin (Avg.)
10.02 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 294 | 335 | 377 | 760 | 895 | 1,202 | 1,293 |
| Fixed Assets | 85 | 94 | 120 | 245 | 318 | 541 | 593 |
| Current Assets | 203 | 229 | 247 | 479 | 559 | 620 | 649 |
| Capital Work in Progress | 4 | 10 | 3 | 31 | 3 | 19 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 205 | 231 | 254 | 484 | 573 | 641 | 695 |
| Total Liabilities | 294 | 335 | 377 | 760 | 895 | 1,202 | 1,293 |
| Current Liabilities | 188 | 200 | 182 | 333 | 407 | 487 | 568 |
| Non Current Liabilities | 64 | 58 | 60 | 174 | 161 | 218 | 171 |
| Total Equity | 42 | 77 | 135 | 254 | 327 | 497 | 554 |
| Reserve & Surplus | 26 | 52 | 89 | 227 | 300 | 390 | 433 |
| Share Capital | 7 | 13 | 13 | 14 | 14 | 14 | 14 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 5 | -5 | 9 | 14 | -22 | 31 | 6 |
| Investing Activities | -15 | -19 | -29 | -146 | -40 | -46 | -68 |
| Operating Activities | 49 | 45 | 48 | 1 | 5 | 95 | 134 |
| Financing Activities | -29 | -30 | -10 | 160 | 13 | -19 | -60 |
Share Holding
| % Holding | Mar 2021 | May 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 73.43 % | 71.32 % | 71.32 % | 71.32 % | 70.32 % | 70.32 % | 70.32 % | 70.32 % | 70.32 % | 70.32 % | 70.32 % | 66.69 % | 66.69 % | 66.69 % | 66.69 % | 66.69 % | 66.69 % | 66.69 % | 66.78 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.25 % | 0.00 % | 4.28 % | 4.27 % | 4.07 % | 4.01 % | 4.12 % | 4.01 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.02 % | 0.02 % | 0.71 % | 0.71 % | 0.53 % | 3.93 % | 3.58 % | 3.77 % | 3.57 % | 3.52 % | 3.52 % | 3.52 % | 4.01 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 17.68 % | 17.18 % | 17.30 % | 16.80 % | 16.90 % | 16.95 % | 17.52 % | 17.94 % | 17.95 % | 17.99 % | 18.09 % | 18.35 % | 18.32 % | 17.64 % | 17.76 % | 18.35 % | 18.50 % | 18.42 % | 17.99 % |
| Others | 8.89 % | 11.50 % | 11.37 % | 11.87 % | 12.78 % | 12.73 % | 12.14 % | 11.72 % | 11.02 % | 10.97 % | 11.06 % | 6.78 % | 11.41 % | 7.62 % | 7.71 % | 7.37 % | 7.27 % | 7.25 % | 7.21 % |
| No of Share Holders | 15,984 | 15,984 | 19,959 | 23,922 | 33,875 | 33,637 | 42,120 | 48,869 | 58,274 | 61,585 | 65,161 | 75,762 | 79,751 | 81,753 | 81,053 | 83,993 | 83,435 | 80,944 | 77,418 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 4.5 | 4 | 5 | 1.1 | 1.1 | 1.1 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.98 | 0.37 | 1.07 | 0.27 | 0.44 | 0.23 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 17 Dec 2019 |  Change Of Name | NA | 17 Dec 2019 | 74.82 | 74.82 |
| 01 Sept 2021 |  Dividend | ₹ 4.00 /share | 30 Aug 2021 | 741.42 | 886.99 |
| 25 Aug 2022 | Dividend | ₹ 5.00 /share | 24 Aug 2022 | 736.57 | 698.45 |
| 06 Jun 2022 |  Split | 2:10 | 19 Oct 2022 | 691.89 | 691.89 |
| 22 Sept 2023 | Dividend | ₹ 1.10 /share | 21 Sept 2023 | 596.95 | 579.50 |
| 28 Sept 2023 |  Annual General Meeting | NA | 28 Sept 2023 | 584.15 | 557.80 |
| 20 Sept 2024 | Dividend | ₹ 1.10 /share | 19 Sept 2024 | 429.10 | 401.45 |
| 26 Sept 2024 | Annual General Meeting | NA | 26 Sept 2024 | 417.30 | 414.20 |
| 11 Nov 2024 |  Quarterly Result Announcement | NA | 11 Nov 2024 | 381.25 | 383.20 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 324.95 | 313.90 |
| 18 Apr 2025 |  Extraordinary General Meeting | NA | 18 Apr 2025 | 223.97 | 277.20 |
| 19 May 2025 | Quarterly Result Announcement | NA | 19 May 2025 | 262.70 | 296.40 |
| 11 Aug 2025 | Quarterly Result Announcement | NA | 11 Aug 2025 | 437.75 | 430.05 |
| 19 Sept 2025 | Dividend | ₹ 1.10 /share | 19 Sept 2025 | 296.40 | 514.00 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 430.05 | 512.50 |
Announcements
Board Meeting Outcome for Allotment Of Equity Shares Pursuant To The Scheme Of Amalgamation
5 hours ago
5 hours agoShareholder Meeting / Postal Ballot-Outcome of AGM1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Scheme of Arrangement3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Change in ManagementSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2025
Sep 04, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 04, 2025
Sep 04, 2025Shareholders Meeting - AGM Date 26.09.2025Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 11, 2025
Aug 11, 2025Corporation Action For Dividend PaymentAug 11, 2025
Aug 11, 2025Intimation Of 34Th Annual General Meeting To Be Held On 26Th September 2025Aug 11, 2025
Aug 11, 2025Submission Of Statement Of Standalone And Consolidated Unaudited Financial Results For The Quarter Ended On 30Th June 2025Aug 11, 2025
Aug 11, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 11.08.2025Aug 11, 2025
Aug 11, 2025Board Meeting Intimation for Inter-Alia To Consider And Approve The Unaudited Standalone As Well As Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2025;Aug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-AcquisitionJul 28, 2025
Jul 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025
Jul 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 19, 2025
May 19, 2025Results - Audited Financial Results For The Year Ended 31.03.2025May 19, 2025
May 19, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 19.05.2025May 19, 2025
May 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 19, 2025
May 19, 2025Board Meeting Intimation for Approval Of The Audited Standalone As Well As Consolidated Financial Results Of The Company.May 12, 2025
May 12, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportApr 18, 2025
Apr 18, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportApr 18, 2025
Apr 18, 2025Shareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingApr 18, 2025
Apr 18, 2025Shareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingApr 18, 2025
Apr 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 16, 2025
Apr 16, 2025Announcement under Regulation 30 (LODR)-Credit RatingApr 15, 2025
Apr 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 01, 2025
Apr 01, 2025Closure of Trading WindowMar 28, 2025
Mar 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 20, 2025
Mar 20, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 18, 2025
Mar 18, 2025Corporate Action - Record Date For NCLT Convened Shareholders MeetingMar 17, 2025
Mar 17, 2025Technical Indicators
RSI(14)
Neutral 49.89
ATR(14)
Less Volatile 26.05
STOCH(9,6)
Neutral 26.61
STOCH RSI(14)
Oversold 15.26
MACD(12,26)
Bearish -5.57
ADX(14)
Strong Trend 28.56
UO(9)
Bearish 37.83
ROC(12)
Downtrend And Accelerating -9.13
WillR(14)
Oversold -86.64
Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 DSP Small Cap Direct Plan-Growth | 0.76% | 0 | 0.13% | 0.10% |
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