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HLE Glascoat Ltd share Price Today

Company details

432.05
438.05
404.95
698.40
6M Return -16.82%
1Y Return -29.17%
Mkt Cap.(Cr) 2,970.89
Volume 19,797
Div Yield 0.25%
OI
-
OI Chg %
-
Volume 19,797

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Industrial Machinery company HLE Glasscoat announced Q4FY23 & FY23 results:

  • Strong Financial Performance
    • FY23 Revenue from Operations growth of 42.8% YoY, EBITDA growth of 23.3% YoY
    • Q4FY23 Revenue from Operations growth of 19.7% YoY, EBITDA growth of 19.4% YoY
    • Q4FY23 Revenue from Operations growth of 39.3% QoQ, EBITDA growth of 67.3% QoQ
  • An order book of approximately 4-5 months for the Indian business and approximately 9 months for the European business. Several new customers were added in India and Europe.
  • Plans for phased implementation of a new manufacturing facility for Glass Lined Equipment at the land parcel acquired at Anand, Gujarat are being prepared.
  • The process of integration of the operations of Thaletec GmbH, Germany is ongoing. We believe the advantages of the combined operations will continue to accrue in the coming quarters.
  • The Board recommended a final dividend of Rs 1.10 per equity share, face value of Rs 2 (PY Rs 5 per equity share, face value of Rs 10), subject to shareholders' approval.

Commenting on the Results, Himanshu Patel, Managing Director said, “There have been overlapping crises in the world, the latest being the liquidity crunch in the global banking system combined with the recessionary predictions in advanced economies. The Indian economy however continues to be resilient but faces the challenges of increase in interest rates and higher inflation. Despite these challenges, the Company has performed very well, as reflected in our revenues from operations, which grew at approximately 42.8%, and EBITDA, which grew at 23.3%. We continue to observe an encouraging trend in demand, as evidenced by our robust order book.

The raw material prices during the first half of FY23 witnessed unprecedented volatility, thereby adversely impacting the business margins. Fortunately, we are now observing stability in the prices of key raw materials and we continue to monitor the situation very closely. The EBITDA margins were maintained at 15.6% (PY 18.0%) on account of close monitoring of costs and focus on operating efficiencies.

The Company continues to work very closely with Thaletec Germany to take advantage of our synergies.

We continuously strive to meet the evolving needs of our clients through constant efforts in innovation and research and development. By investing in cutting-edge technologies and proactive product development, we ensure that we deliver solutions that exceed customer expectations and maintain our position as a trusted industry leader.”

Result PDF

View Other Company Results

HLE Glascoat Ltd shares SWOT Analysis

Strengths (5)

  • Company reducing Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Annual Net Profits improving for last 2 years

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 442.7
R2 445.6
R3 449.4
Pivot

438.85

S1 436.0
S2 432.2
S3 429.3
EMA SMA
440.4
454.7
479.1
516.7
443.4
448.1
490.1
522.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-09-27 565.71 412757 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-09-27 566.16 412757 NSE
DSP MUTUAL FUND A/C - DSP MICRO CAP FUND Bulk Purchase 2023-09-26 505 2401016 NSE
Name Category Shares
Nilesh Khushalbhai Patel PROMOTER 25.18%
Himanshu Khushalbhai Patel PROMOTER 24.87%
Harsh Himanshubhai Patel PROMOTER 12.94%
Swara Rajeev Patel PROMOTER 2.14%
Aalap Nilesh Patel PROMOTER 1.38%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

HLE Glascoat Ltd Stocks COMPARISON

Financials( in Cr) HLE Glascoat Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 435.20 3,790.85 4,941.25 1,731.05 2,376.30
% Change 1.46 2.92 -2.88 12.88 4.10
Mcap Cr 2,970.89 105,082.36 58,877.96 32,934.61 26,310.39
Revenue TTM Cr 931.52 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 69.81 1,228.15 450.70 441.70 295.08
PE TTM 62.46 70.07 100.65 72.38 68.42
1 Year Return -29.17 129.88 104.53 51.27 20.22
ROCE 22.11 26.89 14.53 20.69 27.49
ROE 24.14 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 321.14 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33

HLE Glascoat Ltd Information

Stock PE (TTM)
62.46
Promoter Holding
66.69%
Book Value
50.4289
ROCE
22.11%
ROE
24.14%
Description
  • HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Limited) is one of the most renowned process equipment manufacturers for chemical and pharmaceutical sectors in India. It is a part of the prestigious Patel Group of Companies, established by late Dr. Khushalbhai H. Patel in 1951. The Company is engaged in manufacture and sale of Glass-Lined Equipment and Spares in India. The Company offer customers with a plethora of products, catering to needs for storage, reaction, heat transfer, distillation and solid-liquid separation in the chemical, pharmaceutical and allied industries. It is currently operating in both domestic and international markets with the help of 3 integrated plants, namely Mairoli Works, Anand Works and HL Equipment. Its glasscoat product range consists of both ready-made and custom-built equipment, whereas, other products include Glass Lined Flush Bottom Outlet Valve, Bellows-Sealed Valve, Glass Lined Diaphragm Valve, Flanged Pipe, Flanged Elbows 90, Flanged Crosses, Reducing Flanges and Flanged T- Pieces with reduced connection. In 1981, the Company embarked on its operations as as a manufacturer of chemical equipment, for their Group chemical plants. HLE Glascoat Limited incorporated in August 26, 1991 under the name of `Shri Glassteel Equipments Limited` and subsequently, changed the name to `Swiss Glasscoat Equipment Limited` on March 03, 1992. Thereafter, the Company consolidated both these businesses, through a Demerger Scheme vide its Order dated 24th October, 2019 and consequently, name of the Company was changed to `HLE Glascoat Limited`. In 1991, it manufactured its First Agitated Nutsche FilterDryer, beginning of specialization in Filtration & Drying. In 2003, it set up the Silvassa plant under the name of HL Equipments. After that, it inaugurated the "Heerasons R&D Centre" at Maroli. In 2017, it expanded the product portfolio and acquired stake in a leading manufacturer of Glass-Lined Equipment, namely Swiss Glascoat Equipments Limited. The Board of Directors of the Company at its meeting held on 16th January, 2019, had approved the Scheme of Arrangement between Company, HLE Engineers Private Limited and Yashashvi Agrochemical Private Limited providing for Demerger of Operating Business of HLE Engineers Private Limited and vesting of the same into the Company; the Amalgamation of Yashashvi Agrochemical Private Limited with HLE Engineers Private Limited; and various other matters, consequential or otherwise, integrally connected therewith, with effect from 1st April, 2018 as the appointed date. As per said Demerger Scheme, which was approved by Hon`ble National Company Law Tribunal, Ahmedabad Bench vide its Order dated October 24th, 2019 the Company integrated both these businesses and consequently, renamed the Company as `HLE Glascoat Limited`. In 2020, it acquired additional ownership and profit share up to 99% in H L Equipments (HLEQ). In December 2021, the Company acquired the global business of leading glass-lining company, Thaletec GmbH, Germany. In 2022, the Company commissioned a Greenfield plant at Silvassa to augment the manufacturing capacity for their filtration and drying equipment.

Registered Address

H-106 GIDC Estate, Vitthal Udyognagar, Anand, Gujarat, 388121

Tel : 91-2692-236842/43/44/45
Email : share:hleglascoat.com
Website : http://www.hleglascoat.com
Registrar

MCS Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 522215
NSE Code : HLEGLAS
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE461D01028

FAQ’s on HLE Glascoat Ltd Shares

You can buy HLE Glascoat Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HLE Glascoat Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:57 PM the closing price of HLE Glascoat Ltd was Rs.435.20.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:57 PM, the market cap of HLE Glascoat Ltd stood at Rs. 2,970.89.

The latest PE ratio of HLE Glascoat Ltd as of May 17, 2024 03:57 PM is 62.46

The latest PB ratio of HLE Glascoat Ltd as of May 17, 2024 03:57 PM is 0.12

The 52-week high of HLE Glascoat Ltd share price is Rs. 698.40 while the 52-week low is Rs. 404.95

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