HLE Glascoat Limited (HLEGLAS) Fair Value & Analysis
Industrials · IN · Market cap ₹27.2B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated yesterday
Share price −2.7% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹258.14 – ₹663.36 · fair‑value band ₹112.08 – ₹186.80 · the ₹392.05 price screens above the ₹149.44 fair value. As of Jul 3, 2026.
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HLE Glascoat Limited (HLEGLAS) currently trades at ₹392.05, while our model-based Fair Value estimate is ₹149.44 — implying the stock looks roughly 61.9% overvalued today. We read business quality at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, HLE Glascoat Limited generated revenue of ₹13.5B at a net margin of 3.7%. Revenue grew 17.1% year over year. It earns a return on equity of 9.7%. Net debt stands at ₹2.9B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
HLE Glascoat Limited manufactures and sells carbon steel glass lined equipment in India and internationally. It operates through Filtration, Drying and Other Equipment; Glass Lined Equipment; and Heat Transfer Equipment segments. The Filtration, Drying and Other Equipment segment offers agitated nutsche filter-dryers, rotary vacuum paddle dryers, kilo-lab filter dryers, rapid disc dryer-coolers, orbicular dryers, and other chemical process equipment, as well as related spares and accessories. Its Glass Lined Equipment segment produces reactors, heat exchangers, storage vessels and receivers, storage tanks, columns, agitators, valves, pipes and fittings, and other similar equipment, as well as related spares and accessories. The Heat Transfer Equipment segment manufactures shell and tube, corrugated, spiral, plate heat, and box type heat exchangers; and condensing systems. It also offers exotic metal and cGMP pharma model products. The company serves the pharmaceutical, …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
HLE Glascoat Limited reported revenue of ₹13.5B in FY2026 versus ₹6.5B in FY2022, a compound +20.0%/yr. Reported net income was ₹494M in FY2026, compounding −4.0%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.