HLE Glascoat Key Ratios
NSE: HLEGLAS | BSE: 522215
₹313.30
As on 28-Aug-2026IST
Market cap
₹2,176 Cr
Revenue (TTM)
₹1,370 Cr
P/E Ratio
60.8
P/B Ratio
4.1
Div. Yield
0.4 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -23.22 | 5.92 | 26.31 | 14.01 | 21.14 |
| EBIT | -66.81 | -62.28 | -28.23 | -6.94 | -1.48 |
| Net Profit | -85.00 | -83.10 | -38.54 | -14.04 | -7.64 |
| EPS | -84.74 | -83.10 | -45.80 | -9.99 | -10.89 |
| Book Value | -- | -- | 10.30 | 22.09 | 42.46 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 9.83 | 13.39 | 6.21 | 10.36 | 9.55 |
| Net Margin
| 5.49 | 7.79 | 2.96 | 5.97 | 4.59 |
| Return on equity
| 10.61 | 27.68 | 7.78 | 14.11 | 11.99 |
| Return on Capital
| 11.95 | 24.77 | -- | 14.37 | 14.07 |
| Return on Assets
| 4.45 | 8.56 | 3.05 | 4.96 | 4.25 |
| Debt to Equity (x)
| -- | -- | 0.19 | 0.76 | 0.87 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
14.37
|
14.07
|
24.22
|
29.26
|
|
Peer Median
|
--
|
21.32
|
--
|
15.30
|
--
|
ROE
7.78
Lower than Peers by 6.27
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
7.78
|
14.11
|
11.99
|
24.49
|
33.19
|
|
Peer Median
|
14.04
|
17.53
|
--
|
11.22
|
--
|
ROA
3.05
Lower than Peers by 6.24
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
3.05
|
4.96
|
4.25
|
8.56
|
10.68
|
|
Peer Median
|
9.29
|
8.98
|
--
|
4.99
|
--
|
EBIT Margin
6.21
Lower than Peers by 5.97
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
6.21
|
10.36
|
9.55
|
12.75
|
15.90
|
|
Peer Median
|
12.18
|
13.66
|
--
|
9.78
|
--
|
Net Margin
2.96
Lower than Peers by 6.71
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
2.96
|
5.97
|
4.59
|
7.61
|
9.31
|
|
Peer Median
|
9.67
|
9.53
|
--
|
7.06
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
8.89
|
7.32
|
10.06
|
11.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
26.31
Higher than Peers by 15.51
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
26.31
|
7.05
|
3.97
|
43.34
|
45.74
|
|
Peer Median
|
10.80
|
13.34
|
--
|
24.08
|
--
|
EBIT Growth
-28.23
Lower than Peers by 39.49
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
-28.23
|
16.11
|
-22.13
|
14.97
|
26.06
|
|
Peer Median
|
11.26
|
29.75
|
--
|
34.65
|
--
|
Net Profit Growth
-38.54
Lower than Peers by 51.95
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
-38.54
|
38.78
|
-37.15
|
16.71
|
18.64
|
|
Peer Median
|
13.42
|
32.83
|
--
|
30.82
|
--
|
EPS Growth
-45.80
Lower than Peers by 52.30
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
-45.80
|
57.35
|
-57.48
|
20.02
|
6.47
|
|
Peer Median
|
6.51
|
21.80
|
--
|
27.67
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
10.30
|
27.76
|
29.14
|
122.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.19
Higher than Peers by 0.17
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
0.19
|
0.76
|
0.87
|
0.76
|
0.82
|
|
Peer Median
|
0.02
|
0.20
|
--
|
0.10
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
0.40
|
0.42
|
0.32
|
0.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.19
Lower than Peers by 0.59
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
1.19
|
1.14
|
1.27
|
1.37
|
1.44
|
|
Peer Median
|
1.78
|
1.86
|
--
|
1.67
|
--
|
Quick Ratio
0.60
Lower than Peers by 0.55
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
0.60
|
0.49
|
0.63
|
0.71
|
0.64
|
|
Peer Median
|
1.15
|
1.23
|
--
|
1.23
|
--
|
Interest Coverage
2.53
Lower than Peers by 9.02
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
2.53
|
2.92
|
2.89
|
5.03
|
7.20
|
|
Peer Median
|
11.56
|
9.44
|
--
|
6.94
|
--
|
Operating Efficiency
Debtors to sales
19.70
Lower than Peers by 0.35
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
19.70
|
17.99
|
24.71
|
26.30
|
22.98
|
|
Peer Median
|
20.05
|
20.49
|
--
|
19.78
|
--
|
Asset Turnover
1.02
Higher than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
1.02
|
0.83
|
0.92
|
1.12
|
1.13
|
|
Peer Median
|
0.84
|
0.92
|
--
|
0.91
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
74.91
|
91.16
|
77.22
|
61.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
120.98
|
110.28
|
106.01
|
117.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
84.79
|
91.88
|
88.33
|
88.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
--
|
111.10
|
109.57
|
94.90
|
91.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
60.81
Higher than Peers by 15.98
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
60.81
|
36.48
|
93.88
|
49.21
|
25.54
|
|
Peer Median
|
44.84
|
40.01
|
--
|
27.27
|
--
|
Price / Book Value
4.06
Lower than Peers by 0.16
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
4.06
|
3.71
|
6.69
|
10.54
|
29.43
|
|
Peer Median
|
4.22
|
4.49
|
--
|
3.17
|
--
|
Dividend Yield
0.35
Higher than Peers by 0.06
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
0.35
|
0.44
|
0.27
|
0.22
|
0.09
|
|
Peer Median
|
0.29
|
0.18
|
--
|
0.40
|
--
|
EV/EBITDA
18.51
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
18.51
|
13.92
|
24.58
|
24.89
|
63.26
|
|
Peer Median
|
--
|
28.08
|
--
|
21.72
|
--
|
Market Cap
2,176
No difference
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HLE Glascoat
|
2,176
|
1,704
|
2,787
|
3,436
|
7,429
|
|
Peer Median
|
2,176
|
1,252
|
--
|
465
|
--
|