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HLE Glascoat Ltd logo

HLE Glascoat Ltd

NSE: HLEGLAS BSE: 522215

₹375

(0.90%)

Mon, 22 Jun 2026, 06:42 pm

HLE Glascoat Analysis

dividend

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Pros

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    Cons

    • HLE Glascoat is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
    • No need to calculate the sustainability of HLE Glascoat's dividends as it is not paying a notable one for India.
    • HLE Glascoat is not paying a notable dividend for India, therefore no need to check if the payments are stable.
    • HLE Glascoat's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
    • HLE Glascoat's dividend is below the markets top 25% of dividend payers in India (3.08%).

    health

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    Pros

    • HLE Glascoat is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • HLE Glascoat is profitable, therefore cash runway is not a concern.
    • HLE Glascoat is profitable, therefore cash runway is not a concern.
    • Debt is covered by short term assets, assets are 6x debt.
    • HLE Glascoat's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (71.2% vs 26.4% today).
    • HLE Glascoat earns more interest than it pays, coverage of interest payments is not a concern.
    • HLE Glascoat's level of debt (26.4%) compared to net worth is satisfactory (less than 40%).
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    Cons

    • Debt is not well covered by operating cash flow (1.5%, less than 20% of total debt).
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the HLE Glascoat board of directors is about average.
    • Himanshu's remuneration is lower than average for companies of similar size in India.
    • Himanshu's compensation has been consistent with company performance over the past year, both up more than 20%.
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    Cons

    • The average tenure for the HLE Glascoat management team is less than 2 years, this suggests a new team.

    misc

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    Pros

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      Cons

      • HLE Glascoat is not covered by any analysts.
      • HLE Glascoat has significant price volatility in the past 3 months.

      past

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      Pros

      • HLE Glascoat's 1-year earnings growth exceeds its 5-year average (275.7% vs 32.3%)
      • HLE Glascoat has delivered over 20% year on year earnings growth in the past 5 years.
      • HLE Glascoat used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
      • HLE Glascoat has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
      • HLE Glascoat made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
      • HLE Glascoat's earnings growth has exceeded the IN Machinery industry average in the past year (275.7% vs -7.2%).
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      Cons

        value

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        Pros

        • 522215 outperformed the Machinery industry which returned -23.7% over the past year.
        • 522215 outperformed the Market in India which returned -14.5% over the past year.
        • BSE:522215 is up 34.3% outperforming the Machinery industry which returned 8.3% over the past month.
        • BSE:522215 is up 34.3% outperforming the market in India which returned 8% over the past month.
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        Cons

        • HLE Glascoat's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • HLE Glascoat's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • HLE Glascoat is overvalued based on assets compared to the IN Machinery industry average.
        • HLE Glascoat is overvalued based on earnings compared to the IN Machinery industry average.
        • HLE Glascoat is overvalued based on earnings compared to the India market.

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