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    HLE Glascoat Limited

    Manufactures glass-lined, filtration/drying, and heat-transfer process equipment for chemical and pharma plants.

    Capital Goods
    Industrials
    View HLEGLAS earnings calls
    ₹422
    +14.91% from avg

    Overview

    Price

    ₹422

    Market Cap

    ₹2.9k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1313141414141414
    Reserves63122239312403446493520
    Borrowings10093218258390381382348
    Other Liabilities159149289311395448528500
    Total Liabilities3353777598941.2k1.3k1.4k1.4k
    AssetsFixed Assets94120245318541593611627
    CWIP10331319594
    Investments00000000
    Other Assets231254483573641690797751
    Total Assets3353777598941.2k1.3k1.4k1.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4945481595134161
    Cash from Investing-15-19-29-146-40-45-68-86
    Cash from Financing-29-30-1016013-19-60-85
    SummaryCapital Expenditure
    Free Cash Flow332220-67-364068108
    FCF Margin

    Valuation

    Assumptions

    Current — HLEGLAS
    Price
    ₹422
    EPS (TTM)
    ₹6.92
    PE (TTM)
    61.0
    Profit growth
    -6.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (69.4×) and current (61.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹422
    vs
    Fair value · 15% return
    ₹121
    71%Overvalued

    At -6.3% growth and a 61× exit, ₹422 only delivers your return if you pay ₹121. The price is currently baking in 18% growth.

    EPS grows -6.3%/yr for 5 years, then fades to 6% over 2, exits at 61×.

    YearGrowthEPS (₹)
    FY27-6.3%6.48
    FY28-6.3%6.08
    FY29-6.3%5.69
    FY30-6.3%5.33
    FY31-6.3%5.00
    FY32-0.2% ·fade4.99
    FY336.0% ·fade5.29

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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