| Revenue growth | FY26 revenue up 31.7% to ₹1,353cr, largely acquisition-led. |
|---|---|
| Margins | Consolidated EBITDA margins fell to 11% due to German acquisition losses. |
| Order book | Consolidated order book stands at ₹681.6cr as of March 2026. |
| Demand visibility | Strong visibility in Pharma/API; specialty chemicals showing gradual recovery. |
| Management confidence | Cautiously optimistic, pivoting focus from aggressive scale to profitability. |
Growth
FY26 revenue reached ₹1,353cr (+31.7%), primarily inorganic. Organic growth hampered by high execution costs and transition losses.
Outlook
Targeting ₹2,000cr consolidated revenue by FY28 with anticipated consolidated EBITDA margins recovering to 14-15%.
Risks
Substantial integration risks and losses in German subsidiaries (₹15.3cr EBITDA loss) are dragging down consolidated profitability and cash flow.
Earnings Call filed with NSE, NSE: HLEGLAS. Summary written with AI assistance from the document.
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.
More from HLE Glascoat Ltd
All →HLE Glascoat Management Change
HLE Glascoat Limited appointed Mr. Amit Kalra as Chief Financial Officer and Key Managerial Personnel, effective September 25, 2026.
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.
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%
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
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
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.