HLE Glascoat Ltd
HLE Glascoat Ltd (HLEGLAS) last reported results for the quarter ended Jun 2026, with sales of ₹301 crore and net profit of ₹2.05 crore. The next scheduled event is a dividend on 15 Oct 2026. The stock last traded at ₹424, a market capitalisation of ₹2,943 crore, on a P/E of 74.7. Over the past 52 weeks the stock has ranged between ₹250 and ₹662. Figures are as of 9 Oct 2026 and are not real time.
HLE Glascoat Ltd share price and key metrics
- Current price
- ₹424
- Market cap
- ₹2,943 cr
- Stock P/E
- 74.7
- Book value
- ₹76.9
- ROE
- 10.6%
- ROCE
- 12.1%
- Dividend yield
- 0.26%
- 52w high / low
- 662/250
Metrics as of 9 Oct 2026. Not real time.
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HLE Glascoat Ltd growth and returns
- 10 Years
- %
- 5 Years
- 23%
- 3 Years
- 13%
- TTM
- 26%
- 10 Years
- %
- 5 Years
- 1%
- 3 Years
- -8%
- TTM
- -30%
- 10 Years
- 35%
- 5 Years
- -21%
- 3 Years
- -7%
- 1 Year
- -18%
- 10 Years
- %
- 5 Years
- 15%
- 3 Years
- 11%
- Last Year
- 11%
HLE Glascoat Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹301 cr, up 5.9% from ₹284 cr a year earlier. Net profit was ₹2.05 cr, down 88.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 236 | 231 | 334 | 284 | 351 | 327 | 392 | 301 |
| Expenses | 202 | 205 | 282 | 246 | 313 | 305 | 349 | 280 |
| Operating profit | 34.1 | 25.64 | 52 | 37.6 | 38.24 | 21.1 | 42.83 | 20.93 |
| OPM % | 14.46% | 11.10% | 15.58% | 13.24% | 10.90% | 6.46% | 10.93% | 6.96% |
| Other income | 1.39 | 1.93 | 2.25 | 2.25 | -1.15 | 0.31 | 0.68 | 1.7 |
| Interest | 8.65 | 8.78 | 9.32 | 8.6 | 9.33 | 7.86 | 8.66 | 8.36 |
| Depreciation | 7.3 | 7.38 | 7.73 | 8.36 | 8.6 | 9.9 | 9.6 | 9.9 |
| Profit before tax | 19.54 | 11.41 | 37.2 | 22.89 | 19.16 | 3.65 | 25.25 | 4.37 |
| Tax % | 26.15% | 9.82% | 14.95% | 21.93% | 27.14% | -26.03% | 20.20% | 52.86% |
| Net profit | 14.42 | 10.28 | 31.64 | 17.86 | 13.96 | 4.6 | 20.15 | 2.05 |
| EPS (₹) | 1.86 | 1.24 | 2.98 | 2.16 | 1.73 | 0.41 | 2.62 | 0.40 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
HLE Glascoat Ltd annual results
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 359 | 426 | 484 | 652 | 932 | 968 | 1,028 | 1,353 | 1,370 |
| Operating profit | 47 | 73 | 93 | 111 | 139 | 114 | 136 | 142 | 123 |
| OPM % | 13% | 17% | 19% | 17% | 15% | 12% | 13% | 11% | 9% |
| Net profit | 19 | 39 | 53 | 58 | 70 | 41 | 62 | 57 | 41 |
| EPS (₹) | 5.50 | 5.91 | 8.00 | 8.52 | 10.23 | 4.35 | 8.03 | 7.12 | 5.16 |
TTM is the trailing twelve months to the most recent quarter.
HLE Glascoat Ltd balance sheet
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 6 | 13 | 13 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 35 | 63 | 122 | 239 | 312 | 403 | 464 | 520 |
| Borrowings | 115 | 100 | 93 | 218 | 258 | 390 | 379 | 348 |
| Other liabilities | 138 | 159 | 149 | 289 | 311 | 395 | 431 | 486 |
| Total liabilities | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,368 |
| Fixed assets | 85 | 94 | 120 | 245 | 318 | 541 | 593 | 627 |
| CWIP | 4 | 10 | 3 | 31 | 3 | 19 | 5 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 205 | 231 | 254 | 483 | 573 | 641 | 690 | 737 |
| Total assets | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,368 |
As reported by the company. Total assets equal total liabilities by construction.
HLE Glascoat Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 49 | 45 | 48 | 1 | 5 | 95 | 134 | 161 |
| Cash from investing | -15 | -19 | -29 | -146 | -40 | -45 | -68 | -82 |
| Cash from financing | -29 | -30 | -10 | 160 | 13 | -19 | -60 | -85 |
| Net cash flow | 5 | -5 | 9 | 14 | -22 | 31 | 6 | -5 |
| Free cash flow | 33 | 22 | 20 | -67 | -36 | 40 | 68 | 108 |
| CFO / operating profit | 119% | 79% | 75% | 31% | 27% | 106% | 110% | 125% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
HLE Glascoat Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 42% | 43% | 30% | 24% | 13% | 13% | 12% |
| Debtor days | 34 | 38 | 52 | 83 | 95 | 89 | 66 | 73 |
| Inventory days | 244 | 264 | 228 | 307 | 229 | 259 | 299 | 205 |
| Days payable | 119 | 130 | 111 | 150 | 98 | 92 | 88 | 85 |
| Cash conversion cycle | 159 | 172 | 168 | 240 | 226 | 257 | 277 | 193 |
| Working capital days | -2 | 16 | 34 | 60 | 53 | 33 | 10 | 15 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
HLE Glascoat Ltd shareholding pattern
Promoters held 65.64% at Jun 2026, down from 66.78% at Jun 2025. FIIs 2.05% and DIIs 4.71%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 66.69% | 66.69% | 66.69% | 66.78% | 65.64% | 65.64% | 65.64% | 65.64% |
| FIIs | 4.07% | 4.01% | 4.12% | 4.01% | 3.70% | 2.14% | 2.27% | 2.05% |
| DIIs | 3.52% | 3.52% | 3.52% | 4.01% | 4.04% | 4.48% | 4.88% | 4.71% |
| Public | 25.72% | 25.78% | 25.68% | 25.20% | 26.62% | 27.73% | 27.22% | 27.60% |
| No. of shareholders | 83,993 | 83,435 | 80,944 | 77,418 | 79,888 | 74,245 | 71,271 | 71,078 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming HLE Glascoat Ltd events
The next scheduled event is a dividend on 15 Oct 2026.
- DividendDeclaration of dividend of Rs. 1.10 per equity share for FY 2025-26
See the full results calendar for every Indian company reporting in the next 30 days.
HLE Glascoat Ltd corporate filings
- SEBI regulatory filing confirms internal restructuring: Transfer of 100% stake in HLE Surface Technologies GmbH by Thaletec GmbH to HLE International S.à.r.l. effective October 5, 2026Company Updatelow impact
Cruxal's analysis: HLE Glascoat Limited has announced a corporate restructuring involving the transfer of…
Read the full analysis - HLE Glascoat's AGM results reveal strong shareholder support for key resolutions, with over 99.99% voting in favor, indicating robust investor confidence. The company approved dividend payout of Rs. 1.10 per share for FY 2026 and reappointment of directors, including continuation of independent director Mr. Yatish Parekh beyond 75 years. Financially, the company reported net profits of Rs. 14.80 crore for FY 2026, with consistent voting support across resolutions, reflecting stability and shareholder approval. The detailed voting data, including proxy and e-voting results, underscores high engagement and approval, likely reinforcing positive sentiment and supporting near-term valuation stability.AGM/EGMhigh impact
Cruxal's analysis: HLE Glascoat's AGM outcomes demonstrate overwhelming shareholder approval for dividend…
Read the full analysis - HLE Glascoat Declares Dividend of ₹1.10 per Share for FY 2025-26; AGM Proceedings Highlight Stable Financials and Strategic ContinuityAGM/EGMmedium impact
Cruxal's analysis: HLE Glascoat announced a dividend of ₹1.10 per equity share (55% of face value of ₹2) for…
Read the full analysis - Intimation regarding Closure of Trading Window from October 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.Insider Trading / SASTlow impact
- HLE Glascoat Limited appoints Amit Kalra as Chief Financial Officer to strengthen corporate governance and cross-border strategyOtherslow impact
Cruxal's analysis: HLE Glascoat Limited has announced the appointment of Mr. Amit Kalra as the new Chief…
Read the full analysis - HLE Glascoat Ltd issues notice for special window for transfer and dematerialization of physical securitiesCompany Updatelow impact
Cruxal's analysis: HLE Glascoat Ltd has published a newspaper notice regarding a special window for the…
Read the full analysis - HLE Glascoat Limited: Promoter group executes inter-se transfer of 69.45 lakh sharesInsider Trading / SASTlow impact
Cruxal's analysis: HLE Glascoat Limited has reported an inter-se transfer of 69.45 lakh equity shares…
Read the full analysis - HLE Glascoat Limited: Promoter Group Internal Share Transfer of 10% Equity StakeInsider Trading / SASTlow impact
Cruxal's analysis: HLE Glascoat Limited has reported an inter-se transfer of 69,45,474 equity shares…
Read the full analysis - HLE Glascoat Limited: Promoter Group Completes Inter-se Transfer of 69.45 Lakh SharesInsider Trading / SASTlow impact
Cruxal's analysis: HLE Glascoat Limited has disclosed an inter-se transfer of 69.45 lakh equity shares…
Read the full analysis - HLE Glascoat Ltd announces 35th Annual General Meeting notice publicationCompany Updatelow impact
Cruxal's analysis: HLE Glascoat Ltd has published the notice for its 35th Annual General Meeting in…
Read the full analysis - HLE Glascoat's step-down subsidiary secures major international order worth approximately 190 crore INRCompany Updatehigh impact
Cruxal's analysis: HLE Glascoat Limited has announced that its step-down subsidiary, HLE Surface…
Read the full analysis - HLE Glascoat Ltd submits Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: HLE Glascoat has submitted its Business Responsibility and Sustainability Report (BRSR)…
Read the full analysis - HLE Glascoat Ltd submits 35th Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: HLE Glascoat Ltd has filed its 35th Annual Report for the financial year 2025-26 as per…
Read the full analysis - HLE Glascoat Limited announces 35th Annual General Meeting (AGM) for September 30, 2026AGM/EGMlow impact
Cruxal's analysis: HLE Glascoat Limited has issued a notice for its 35th Annual General Meeting to be held…
Read the full analysis - HLE Glascoat Limited announces 35th AGM and dividend of INR 1.10 per share for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: HLE Glascoat Limited has scheduled its 35th Annual General Meeting for September 30…
Read the full analysis - HLE Glascoat Limited: Inter-se Promoter Share Transfer of 69.45 lakh shares via GiftInsider Trading / SASTlow impact
Cruxal's analysis: HLE Glascoat Limited has disclosed an inter-se transfer of 69.45 lakh shares…
Read the full analysis - HLE Glascoat Limited: Promoter Announces Inter-se Transfer of 69.45 Lakh Equity Shares via GiftInsider Trading / SASTlow impact
Cruxal's analysis: HLE Glascoat Limited has disclosed an inter-se transfer of 69.45 lakh equity shares…
Read the full analysis - HLE Glascoat Limited makes additional capital infusion of 1 lakh Euro into Luxembourg subsidiaryCompany Updatelow impact
Cruxal's analysis: HLE Glascoat Limited has remitted an additional 1 lakh Euro (approximately 92 lakh INR)…
Read the full analysis - HLE Glascoat Limited Reports Unaudited Financial Results for Quarter Ended June 30, 2026Company Updatelow impact
Cruxal's analysis: HLE Glascoat Limited has published its standalone and consolidated unaudited financial…
Read the full analysis - HLE Glascoat Reports Weak Q1 FY27 Financials with Significant Decline in Consolidated ProfitabilityResulthigh impact
Cruxal's analysis: HLE Glascoat Limited reported a sharp decline in performance for the quarter ended June…
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