HLE Glascoat Ltd

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

HLE Glascoat Ltd

₹ 441 1.74%
24 Jul - 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 ₹ 3,007 Cr.
  • Current Price ₹ 441
  • High / Low ₹ 664 / 397
  • Stock P/E 93.7
  • Book Value ₹ 61.1
  • Dividend Yield 0.25 %
  • ROCE 12.9 %
  • ROE 8.64 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 19.6%

Cons

  • Stock is trading at 7.22 times its book value
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
148 124 124 155 249 204 215 214 298 197 224 239 307
121 100 102 129 211 176 179 188 254 174 198 215 270
Operating Profit 27 24 22 26 38 28 35 26 44 23 26 25 36
OPM % 18% 19% 18% 17% 15% 14% 16% 12% 15% 12% 12% 10% 12%
2 1 1 -4 1 4 3 2 3 1 2 1 2
Interest 2 2 2 4 5 4 5 5 9 5 6 10 10
Depreciation 2 2 2 3 4 6 5 6 6 6 6 7 7
Profit before tax 25 20 19 15 30 22 28 17 33 13 16 8 21
Tax % 27% 31% 31% 49% 22% 30% 30% 29% 30% 29% 33% 27% 30%
18 14 13 8 23 15 19 12 23 9 11 6 15
EPS in Rs 2.74 2.11 1.90 1.13 3.41 2.25 2.84 1.80 3.34 1.36 1.47 0.44 1.45
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
359 426 484 652 932 968
313 354 392 541 793 856
Operating Profit 47 73 93 111 139 112
OPM % 13% 17% 19% 17% 15% 12%
2 5 4 -1 8 4
Interest 15 13 11 14 25 31
Depreciation 7 7 9 11 23 26
Profit before tax 28 57 77 84 99 59
Tax % 33% 31% 31% 31% 30% 30%
19 39 53 58 70 41
EPS in Rs 5.50 5.91 8.00 8.52 10.23 4.35
Dividend Payout % 0% 15% 10% 12% 11% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 26%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: -15%
TTM: -54%
Stock Price CAGR
10 Years: 45%
5 Years: 68%
3 Years: -14%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 20%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 13 13 14 14 14
Reserves 35 63 100 239 312 403
115 100 96 218 258 390
138 159 168 289 308 396
Total Liabilities 294 335 377 759 891 1,202
85 94 120 245 318 541
CWIP 4 10 3 31 3 19
Investments 0 0 0 0 0 0
205 231 254 483 570 641
Total Assets 294 335 377 759 891 1,202

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
49 45 48 1 5 93
-15 -19 -29 -146 -40 -45
-29 -30 -10 160 13 -18
Net Cash Flow 5 -5 9 14 -22 31

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 34 38 52 83 95 89
Inventory Days 244 264 228 307 227 259
Days Payable 119 130 111 150 97 92
Cash Conversion Cycle 159 172 168 240 225 256
Working Capital Days 45 42 62 104 116 116
ROCE % 42% 45% 31% 24% 13%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
71.32% 70.32% 70.32% 70.32% 70.32% 70.32% 70.32% 70.32% 66.69% 66.69% 66.69% 66.69%
3.67% 5.03% 5.02% 4.73% 4.32% 4.30% 4.31% 4.30% 4.25% 4.24% 4.29% 4.26%
0.86% 0.85% 0.85% 0.87% 0.74% 0.71% 0.71% 0.53% 3.93% 3.95% 3.77% 3.57%
24.14% 23.80% 23.81% 24.09% 24.61% 24.66% 24.65% 24.85% 25.13% 25.12% 25.25% 25.45%
No. of Shareholders 25,94233,87533,63742,12048,86958,27461,58565,16175,76279,75181,75381,053

* 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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Documents

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