HLE Glascoat Ltd

HLE Glascoat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HLE Glascoat Ltd

₹ 370 -0.67%
26 Dec - close price
glascoat.com BSE: 522215 NSE: HLEGLAS
About

HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country.[1]

Key Points

Business Segments Q3FY24

Website BSE NSE
  • Market Cap ₹ 2,525 Cr.
  • Current Price ₹ 370
  • High / Low ₹ 582 / 350
  • Stock P/E 146
  • Book Value ₹ 50.0
  • Dividend Yield 0.30 %
  • ROCE 10.6 %
  • ROE 9.54 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 17.7%
  • Company's median sales growth is 15.0% of last 10 years

Cons

  • Stock is trading at 7.39 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.9% over past five years.
  • Earnings include an other income of Rs.18.6 Cr.
  • Promoter holding has decreased over last 3 years: -4.63%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

Part of BSE Industrials BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
110.01 128.55 157.59 140.86 147.01 150.49 211.10 126.49 156.79 141.82 165.60 111.26 114.48
90.76 106.12 133.44 119.64 127.14 132.15 179.66 108.83 140.85 129.72 150.23 107.41 103.81
Operating Profit 19.25 22.43 24.15 21.22 19.87 18.34 31.44 17.66 15.94 12.10 15.37 3.85 10.67
OPM % 17.50% 17.45% 15.32% 15.06% 13.52% 12.19% 14.89% 13.96% 10.17% 8.53% 9.28% 3.46% 9.32%
2.92 5.72 2.86 2.73 2.59 1.10 9.04 0.62 1.37 8.21 0.71 8.75 0.94
Interest 2.17 2.81 4.23 3.41 4.55 4.97 8.61 4.37 5.33 8.29 8.66 7.87 7.13
Depreciation 2.19 2.29 2.51 2.88 3.18 3.24 3.28 3.37 3.52 3.57 3.51 3.60 3.67
Profit before tax 17.81 23.05 20.27 17.66 14.73 11.23 28.59 10.54 8.46 8.45 3.91 1.13 0.81
Tax % 26.50% 26.98% 13.02% 26.27% 26.00% 27.52% 21.79% 26.85% 27.66% -11.72% 13.81% -27.43% 93.83%
13.10 16.84 17.63 13.02 10.90 8.14 22.37 7.71 6.13 9.43 3.37 1.43 0.05
EPS in Rs 1.92 2.47 2.58 1.91 1.60 1.19 3.28 1.13 0.90 1.38 0.49 0.21 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
76 77 88 92 81 97 337 387 421 508 649 591 533
66 67 78 81 72 86 296 323 340 419 554 524 491
Operating Profit 10 10 11 11 10 10 41 64 80 90 96 66 42
OPM % 13% 13% 12% 12% 12% 11% 12% 17% 19% 18% 15% 11% 8%
0 0 0 1 0 1 5 9 10 13 12 7 19
Interest 3 3 3 3 3 2 14 13 10 13 23 28 32
Depreciation 2 2 2 2 3 3 6 7 8 9 13 14 14
Profit before tax 5 6 6 6 5 7 25 53 71 81 72 31 14
Tax % 32% 34% 20% 34% 34% 20% 29% 28% 27% 24% 25% 15%
4 4 5 4 3 5 18 38 52 62 54 27 14
EPS in Rs 1.44 1.52 1.82 1.66 0.96 1.65 5.57 5.90 8.00 9.04 7.97 3.90 2.09
Dividend Payout % 30% 33% 30% 27% 42% 24% 0% 15% 10% 11% 14% 28%
Compounded Sales Growth
10 Years: 23%
5 Years: 12%
3 Years: 12%
TTM: -17%
Compounded Profit Growth
10 Years: 24%
5 Years: 12%
3 Years: -16%
TTM: -62%
Stock Price CAGR
10 Years: 31%
5 Years: 34%
3 Years: -31%
1 Year: -32%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 17%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 6 6 6 13 13 14 14 14 14
Reserves 15 18 19 21 41 45 35 63 150 267 315 334 328
21 14 19 19 12 6 113 98 94 206 245 342 316
28 36 41 34 35 40 129 148 129 171 204 164 193
Total Liabilities 69 73 84 80 94 97 283 322 387 657 778 853 851
22 22 20 23 26 25 80 88 114 151 227 232 233
CWIP 0 0 2 1 0 2 4 10 3 31 2 16 28
Investments 0 0 0 0 0 1 8 9 34 157 146 228 227
47 51 61 56 67 70 190 215 236 318 402 377 363
Total Assets 69 73 84 80 94 97 283 322 387 657 778 853 851

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 12 5 8 6 10 45 39 34 19 13 48
-2 -2 -5 -3 -16 1 -20 -15 -45 -184 -19 -108
-3 -10 0 -6 12 -10 -20 -29 21 154 6 64
Net Cash Flow -0 -0 0 -0 1 0 5 -5 9 -10 -0 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21 26 18 15 22 23 34 41 55 59 97 82
Inventory Days 368 401 440 369 429 400 244 272 252 276 188 236
Days Payable 119 158 150 136 137 167 121 130 113 148 96 90
Cash Conversion Cycle 269 269 308 248 314 255 157 182 194 188 188 228
Working Capital Days 93 80 85 85 112 82 41 40 74 100 118 133
ROCE % 22% 22% 23% 22% 14% 15% 38% 40% 39% 25% 18% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.32% 70.32% 70.32% 70.32% 70.32% 70.32% 70.32% 66.69% 66.69% 66.69% 66.69% 66.69%
5.03% 5.02% 4.73% 4.32% 4.30% 4.31% 4.30% 4.25% 4.24% 4.29% 4.26% 4.07%
0.85% 0.85% 0.87% 0.74% 0.71% 0.71% 0.53% 3.93% 3.95% 3.77% 3.57% 3.52%
23.80% 23.81% 24.09% 24.61% 24.66% 24.65% 24.85% 25.13% 25.12% 25.25% 25.45% 25.72%
No. of Shareholders 33,87533,63742,12048,86958,27461,58565,16175,76279,75181,75381,05383,993

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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