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HLE Glascoat share price & results

HLE Glascoat Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

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

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue151 ₹ crore−7.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin10.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit11.0 ₹ crore−26.7% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity7.74 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin7.98 %+1.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)26.31 %+25.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 8 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.

HLE Glascoat Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (3 achieved, 5 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Consolidated Revenue Growth16% to 20%
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY26:FY26 revenue grew 31.7% YoY, far exceeding the target range.
Call transcript, Q4 FY26 · 25 May 2026		Achieved
Net ProfitAttempt Rs. 100 crores this year
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY26:FY26 Consolidated PAT was Rs. 56.6 crores, significantly missing the target.
Call transcript, Q4 FY26 · 25 May 2026		Missed
Consolidated EBITDA Margin14% to 15% in FY27
Call transcript, Q4 FY26 · 25 May 2026		Q4 FY26Q4 FY26:Will be in the range of between 14% and 15% on a consol basis.
Call transcript, Q4 FY26 · 25 May 2026		New

Source: Inve Guidance Tracker for HLE Glascoat Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of HLE Glascoat Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹409.7 +5.00% · +₹19.5

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −22.4% 1Y

₹300₹400₹500₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q4 FY26 — 25 May 2026

1Y: ₹528 on 24 Oct 2025 → ₹409.7. High ₹645 (3 Nov 2025), low ₹251 (30 Mar 2026).

Previous close
₹390.2
Market cap
₹2.7k Cr
52-week range
₹251 – ₹645
One year
−21.90%
Price to earnings (TTM to Jun 2026)
69.19×
Return on equity (TTM to Jun 2026)
7.74%

Overview

Symbol
NSE:HLEGLAS
Industry
Industrials
Exchange
NSE
Currency
INR

What HLE Glascoat Limited does

Based on the company's own presentations, annual report and earnings calls.

HLE Glascoat designs and manufactures critical process equipment for batch chemical, pharmaceutical, agrochemical and specialty-chemical manufacturers — glass-lined reactors, storage vessels and columns, Agitated Nutsche Filter-Dryers and other filtration/drying systems, and shell-and-tube, plate and corrugated heat exchangers. It earns by selling this equipment, built to customer specifications and international design codes (including for exotic alloys such as Hastelloy, Inconel and Monel), along with spares and after-sales service. The company has grown through acquisitions of Swiss Glascoat Equipments, Thaletec GmbH (Germany), Kinam Engineering Industries, and Omeras GmbH, which together give it three complementary product verticals plus a global manufacturing and R&D footprint.

Segments

  • Glass Lined Products
  • Filtration, Drying and Other Equipment
  • Heat Transfer Equipment
Manufacturing facilities
5 (Anand, Maroli, Silvassa, Kinam Engineering in India, and Thaletec in Germany)
Employees
1,160
Global market position in ANFDs
Largest manufacturer of Agitated Nutsche Filter-Dryers globally
Market share in Indian filtration & drying equipment
>50%
Market share in Indian glass-lined equipment
~25%
Cumulative installations
30,000+ in the last decade
Founded 1981Employees 1,160 (FY2024-25) Company website

How the price took the results

close before → close after

Q4 FY26
+1.9%
25 May
Q2 FY26
−0.3%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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