Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

HLE Glascoat Ltd Performance

Today's Low
432.90
arrowIcon
Today's High
450.50
52 Wk Low
404.95
arrowIcon
52 Wk High
698.40


Open

444.95

Traded Value (Cr)

8.70 Cr

Prev. Close

441.9

VWAP

443.19

Volume

65,444

Face Value

2

HLE Glascoat Ltd Fundamentals

Market Cap
₹ 3,173 Cr
P/E Ratio (TTM)
66.03
P/B Ratio
9.22
Debt to Equity
1.06
ROE
15.80 %
EPS (TTM)
7.04
Dividend Yield
0.24%
Book Value
50.43

Click here to know more about Fundamentals

HLE Glascoat Ltd Financials

HLE Glascoat Ltd Financials

HLE Glascoat Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 66.69 % 66.69 % 70.32 % 70.32 %
Retail 18.32 % 18.35 % 18.09 % 17.99 %
Others 7.17 % 7.14 % 7.25 % 7.35 %
FII 4.24 % 4.25 % 4.30 % 4.31 %
Mutual Funds 3.58 % 3.56 % 0.04 % 0.03 %

Promoters

66.69%

Retail

18.32%

Others

7.17%

FII

4.24%

Mutual Funds

3.58%

Promoters

66.69%

Retail

18.35%

Others

7.14%

FII

4.25%

Mutual Funds

3.56%

Promoters

70.32%

Retail

18.09%

Others

7.25%

FII

4.30%

Mutual Funds

0.04%

Promoters

70.32%

Retail

17.99%

Others

7.35%

FII

4.31%

Mutual Funds

0.03%

Resistance and Support

₹439.75

PIVOT

resistance-arrow
Resistance
First Resistance₹446.900
Second Resistance₹451.950
Third Resistance₹459.100
support-arrow
Support
First Resistance₹434.700
Second Resistance₹427.550
Third Resistance₹422.500
RSI48.801
MACD8.690
ADX21.815
CCI-29.281

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day65,44447,99324.00
Week221,74163,29547.57
1 Month221,66466,92942.71
6 Months65,44465,444100.00

About HLE Glascoat Ltd

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.

Managing Director

Himanshu Patel

Founded

1991

NSE Symbol

HLEGLAS

HLE Glascoat Ltd Management

NameDesignation
Vijayanti PunjabiIndependent Director
Himanshu PatelManaging Director
Nilesh PatelDirector
Harsh PatelWhole Time Director
Aalap PatelExecutive Director
Yatish ParekhChairman & Independent Directo
Sandeep RanderyIndependent Director
Jayesh ShahIndependent Director
Achal ThakkarCompany Sec. & Compli. Officer

HLE Glascoat Ltd News

HLE Glascoat consolidated net profit declines 75.57% in the December 2023 quarter
Sales rise 11.70% to Rs 239.30 crore
HLE Glascoat to conduct board meeting
On 13 February 2024
HLE Glascoat receives revision in credit ratings from ICRA
HLE Glascoat consolidated net profit declines 48.22% in the September 2023 quarter
Sales rise 4.61% to Rs 224.42 crore
HLE Glascoat schedules board meeting
On 6 November 2023
HLE Glascoat spurts after DSP mutual fund buys stake
HLE Glascoat jumped 6.14% to Rs 567.25 after DSP Micro Cap Fund bought 3.52% stake via bulk deal on Tuesday, 26 September 2023.
HLE Glascoat acquires 35.56% stake in Kinam Engineering Industries
Also acquire 0.5% stake in Kinam Enterprises
HLE Glascoat AGM scheduled
On 28 September 2023
HLE Glascoat slumps after Q1 PAT slides 40% YoY
HLE Glascoat fell 6.81% to Rs 597 after the company's consolidated net profit declined 39.60% to Rs 9.29 crore on 3.54% fall in net sales to Rs 197.19 crore in Q1 June 2023 over Q1 June 2022.
HLE Glascoat consolidated net profit declines 39.60% in the June 2023 quarter
Sales decline 3.54% to Rs 197.19 crore

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
CUMMINSIND₹ 86,504 Cr
₹ 3,120.65
(2.57 %)
60.98
THERMAX₹ 55,670 Cr
₹ 4,672.05
(-0.79 %)
136.78
CARBORUNIV₹ 23,580 Cr
₹ 1,239.40
(-0.71 %)
67.12
GRINDWELL₹ 23,000 Cr
₹ 2,077.40
(-2.80 %)
58.73
ELGIEQUIP₹ 19,702 Cr
₹ 621.70
(-1.31 %)
63.56

HLE Glascoat Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase HLE Glascoat Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. HLE Glascoat Ltd's share price is ₹434.90 as of April 16, 2024

HLE Glascoat Ltd's P/E ratio is 66.03 times as of April 16, 2024.

HLE Glascoat Ltd's most recent financial reports indicate a price-to-book ratio of 9.22, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. HLE Glascoat Ltd's market is 3,173 Cr as on April 16, 2024.

The current financial records of HLE Glascoat Ltd show a 15.80% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a HLE Glascoat Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. HLE Glascoat Ltd's 52-week high and low as of April 16, 2024 are ₹450.5 and ₹432.9 respectively.

As of the Dec 2023 quarter, the promoter shareholding in HLE Glascoat Ltd stands at 66.69%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 4.25% to 4.24%.