HLE Glascoat Limited

Capital Goods · Industrial Manufacturing

NSE: HLEGLAS BSE: 522215

₹439.40

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Manufacturing

The largest companies in the same industry by market cap. This company ranks #33 of 140. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Mazagon Dock Shipbuilders Limited	85,234	33.7	27.6%	-25.6%	—	92	3	9
Aditya Infotech Limited	45,331	144.6	19.6%	189.1%	0.04%	79	0	86
Cochin Shipyard Limited	34,595	58.5	12.2%	-29.4%	—	78	1	12
Syrma SGS Technology Limited	34,380	102.2	11.3%	121.7%	0.08%	70	33	89
Honeywell Automation India Limited	29,584	53.7	11.8%	-7.0%	0.33%	68	0	62
Jyoti CNC Automation Limited	23,649	58.2	16.8%	18.4%	—	80	6	52
Kaynes Technology India Limited	23,469	84.7	7.6%	-51.1%	—	50	7	49
LMW Limited	18,014	92.2	4.6%	16.2%	0.21%	68	0	29
HLE Glascoat Limited (this stock)	3,052	89.3	12.0%	-5.0%	—	48	7	87

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹3,358 Cr

EV / EBITDA

36.8x

EV / Sales

4.73x

Market cap / Sales

4.30x

Earnings yield

1.12%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 162 Cr, down 6.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	151	14	11	₹1.6000
March 31, 2026	202	18	13	₹1.9500
Dec. 31, 2025	164	1	1	₹0.1900
Sept. 30, 2025	193	12	8	₹1.1800
June 30, 2025	164	18	15	₹2.2600
March 31, 2025	195	17	14	₹1.9900
Dec. 31, 2024	130	2	1	₹0.1900
Sept. 30, 2024	114	1	0	₹0.0100
June 30, 2024	111	1	1	₹0.2100
March 31, 2024	166	4	3	₹0.4900
Dec. 31, 2023	142	8	9	₹1.4300
Sept. 30, 2023	157	8	6	₹0.9000
June 30, 2023	126	11	8	₹1.1300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	162	204	167	195	174	196	131	115	120	166	153	160	127
Operating revenue	151	202	164	193	164	195	130	114	111	166	142	157	126
Other income	11	3	2	2	9	1	1	1	9	1	12	3	1
Operating expenses	136	175	151	170	145	169	119	104	107	150	130	141	109
Operating profit	15	27	13	23	20	26	12	11	4	15	12	16	18
Operating profit margin	9.7%	13.4%	8.2%	11.8%	12.0%	13.4%	8.9%	9.3%	3.5%	9.3%	8.5%	10.2%	14.0%
Depreciation	4	5	4	4	4	4	4	4	4	4	4	4	3
Interest	7	7	7	7	7	7	7	7	8	9	8	5	4
Exceptional items, gain / (loss)	—	—	-3	-1	—	—	—	—	—	—	-3	-2	—
Profit before tax	14	18	1	12	18	17	2	1	1	4	8	8	11
Tax	3	4	-0	4	3	3	0	1	-0	1	-1	2	3
Net profit	—	13	—	8	—	14	1	0	1	3	9	6	8
EPS	1.60	1.95	0.19	1.18	2.26	1.99	0.19	0.01	0.21	0.49	1.43	0.90	1.13
Net profit (TTM)	—	—	—	—	—	16	6	14	20	27	46	44	49
EPS (TTM)	4.92	5.58	5.62	5.62	4.45	2.40	0.90	2.14	3.03	3.95	6.74	6.50	7.29

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	723	49	38
March 31, 2025	551	21	16
March 31, 2024	591	31	27
March 31, 2023	649	72	54

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	3.6%	—	739^†	563^†	607^†	665^†	522^†	284^†	126^†	100^†	82^†
Operating revenue	3.6%	—	723	551	591	649	508^†	279^†	125^†	99^†	81^†
Other income	—	—	16^†	12^†	16^†	16^†	14^†	5^†	1^†	1^†	0^†
Operating expenses	—	—	640^†	499^†	530^†	559^†	421^†	234^†	112^†	—	70^†
Operating profit	-3.0%	—	83^†	52^†	61^†	91^†	88^†	45^†	13^†	—	11^†
Operating profit margin	—	—	11.5%^†	9.5%^†	10.3%^†	14.0%^†	17.2%^†	16.1%^†	10.5%^†	—	14.1%^†
Depreciation	—	—	18^†	15^†	14^†	13^†	9^†	5^†	3^†	—	3^†
Interest	—	—	28^†	29^†	27^†	22^†	11^†	7^†	2^†	1^†	3^†
Exceptional items, gain / (loss)	—	—	-4^†	0^†	-5^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-12.2%	—	49	21	31	72	81^†	38^†	10^†	7^†	5^†
Tax	—	—	11^†	4^†	5^†	18^†	19^†	11^†	3^†	1^†	2^†
Net profit	-11.1%	—	38	16	27	54	62^†	27^†	7^†	5^†	3^†
EPS	-29.2%	—	5.58^†	2.40^†	3.95^†	15.70^†	46.94^†	25.52^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	11.5%^†	9.5%^†	10.3%^†	14.0%^†	17.2%^†	16.1%^†	10.5%^†	—	14.1%^†
EBIT margin	10.6%^†	8.9%^†	9.8%^†	14.4%^†	18.1%^†	16.1%^†	9.1%^†	8.3%^†	8.9%^†
PBT margin	6.8%	3.7%	5.3%	11.1%	15.9%^†	13.6%^†	7.6%^†	6.8%^†	5.7%^†
Net margin	5.3%	3.0%	4.5%	8.4%	12.1%^†	9.8%^†	5.6%^†	5.4%^†	3.8%^†
Interest coverage	2.74x^†	1.71x^†	2.18x^†	4.35x^†	8.16x^†	6.54x^†	6.25x^†	5.68x^†	2.79x^†
Dividend payout	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—
Current ratio	0.95x	0.91x	—	—	—	—	—	—	—
Quick ratio	0.42x	0.32x	—	—	—	—	—	—	—
Debt to equity	0.78x	0.87x	—	—	—	—	—	—	—
Return on equity	9.7%	4.6%	—	—	—	—	—	—	—
Return on assets	4.2%	1.9%	—	—	—	—	—	—	—
Return on capital employed	15.2%^†	10.1%^†	—	—	—	—	—	—	—
Asset turnover	0.80x	0.63x	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	66	-22	-57	33	33
March 31, 2025	110	-36	-65	45	65
March 31, 2024	48	-108	64	41	7
March 31, 2023	14	-20	6	39	-25

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	907	393	379	211	95	378	400	0	276	208
March 31, 2025	874	356	342	202	109	352	386	12	268	229
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.