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Earnings Call

HLE Glascoat Earnings Call: Key Takeaways

HLE Glascoat reported FY26 revenue growth of 31.7% to ₹1,353cr, driven by the Omeras acquisition and strong organic growth in the Filtration and Drying segments.

Highlights
Revenue growthFY26 growth 31.7% YoY; Q4 growth 17.4% YoY.
MarginsEBITDA margin compressed from 13.7% in FY25 to 11.0% in FY26.
Order book₹681.6cr total; 10 months visibility international, 4 months India.
Demand visibilityHealthy visibility with ₹681.6cr order book.

Growth

FY26 Revenue rose 31.7% to ₹1,353cr; EBITDA grew 5.4% to ₹148.5cr. Q4FY26 revenue increased 17.4% YoY.

Outlook

Order book of ₹681.6cr provides visibility for FY27; establishing Omeras India to cater to renewable energy segments.

Risks

EBITDA losses of ₹15.3cr in Omeras acquisition; transition challenges and impact from new Labour Codes.

Source

Earnings Call filed with BSE, NSE: HLEGLAS. Summary written with AI assistance from the document.

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HLE Glascoat Ltd: key numbers

Share price
₹441.10
Market cap
₹3,064 Cr
Revenue (annual)
₹1,353 Cr
Net profit (annual)
₹49.42 Cr
P/E (TTM)
85.6×Sector 53.6×
Promoter holding
65.64%+0.00% QoQ
FII holding
2.05%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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16:05 IST NSE
Management Change

HLE Glascoat Management Change

HLE Glascoat Limited appointed Mr. Amit Kalra as Chief Financial Officer and Key Managerial Personnel, effective September 25, 2026.

13:15 IST BSE
Promoter Selling (Off-Market)

HLE Glascoat Promoter Selling (Off-Market)

Promoter Nilesh Khushalbhai Patel sold 69,45,474 shares (10.00% stake) to Aalap Nilesh Patel via an off-market inter-se gift transfer. This transaction reallocates promoter group holdings.

13:12 IST BSE
Promoter Buying (Off-Market)

HLE Glascoat Promoter Buying (Off-Market)

Promoter Aalap Nilesh Patel acquired 69,45,474 shares (10.00% stake) of HLE Glascoat Limited from Mr. Nilesh Khushalbhai Patel via an inter-se gift transfer.

Promoter stake change
+10.00%
12:13 IST NSE
New Order Win

HLE Glascoat Bags ₹225.8 Cr Order from FLC Portals Group I/S

HLE Glascoat's subsidiary received a ₹225.75 Crore order from Denmark's FLC Portals for vitreous enamel cladding panels. Execution is due by April 2030.

Value
₹225.8 Cr
From
FLC Portals Group I/S
Execution
On or before April 2030
01:43 IST BSE
New Order Win

HLE Glascoat Bags ₹224.1 Cr Order from FLC Portals Group I/S, Denmark

HLE Glascoat's subsidiary, HLE Surface Technologies, secured a Euro 20.56 million (approx. ₹224.10 Crore) contract from FLC Portals Group for enamel cladding panels.

Value
₹224.1 Cr
From
FLC Portals Group I/S, Denmark
Execution
On or before April, 2030
18:03 IST BSE
Annual Report

HLE Glascoat Annual Report

HLE Glascoat Ltd has submitted its 35th Annual Report for FY 2025-26 as per SEBI (LODR) regulations. The document contains statutory disclosures and performance highlights.