HLE Glascoat Limited

HLE Glascoat Limited (HLEGLAS) is a micro-cap Capital Goods company valued at ₹2,885 crore operating in Industrial Products on the NSE and BSE.

Recent price move

HLE Glascoat Limited last traded at ₹400, down 3.60% on the day.

Recent developments

On 2026-09-23, the company announced a dividend of ₹1.10 per share, with the ex-date set for the same day. Promoter holding remained at 65.64% as of 2026-06-30, while foreign institutional holdings decreased by 0.22 percentage points and domestic institutional holdings fell by 0.16 percentage points in the quarter.

Financial performance

The company's annual revenue rose 31.6% to ₹1,353 crore, but net profit fell 8.8% to ₹57 crore. The latest quarter saw revenue increase 5.9% year-on-year to ₹301 crore, while net profit dropped sharply by 88.5% to ₹2 crore, indicating a significant deterioration in profitability compared to the same quarter a year earlier.

Valuation multiples

The stock trades at 55.6 times earnings, 4.78 times book value. It yields 0.3%.

Things to watch

The net profit margin narrowed by 1.9 percentage points to 4.2%, and the latest quarter's net profit fell 88.5% year-on-year. The stock is 33.2% below its 52-week high, and the company's profit growth over the past five years has been minimal at 1.3% annually.

Where it stands

The company's revenue growth has been strong, with a 31.6% annual increase, but profitability has weakened, with net profit declining 8.8% and the latest quarter's net profit dropping 88.5% year-on-year. The stock is currently 33.2% below its 52-week high, and the net profit margin has fallen to 4.2%.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.