This Leading manufacturer of process equipment is in focus as its stock hit the 20 percent Upper circuit mark following its reporting of Q4 FY25 results with a robust increase in Net Profit both on a YoY & QoQ basis. The Board also recommended a 55 percent dividend.
With a market capitalisation of Rs. 2,476 Crore, the stock of HLE Glascoat Limited opened at Rs. 358, up 18.42 percent from yesterday’s close, and after opening it made a high of Rs. 362.75 percent hitting the 20 percent upper circuit mark.
Financial Highlights & Dividend Recommendation
The company reported an 8.79 percent YoY increase in revenue from Rs. 307 Crore in Q4FY24 to Rs. 334 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 44.58 percent in revenue from Rs. 231 Crore in the previous quarter.
Their Net profit saw an increase of 113.33 percent YoY from Rs. 15 Crore to Rs. 32 Crore for the same period. On a QoQ basis, the company reported an increase of 220 percent in Net profit from Rs. 10 Crore in the previous quarter.
The company’s net profit increased a lot both YoY and QoQ because of strong revenue growth and positive changes in inventory. The company also kept costs under control, with expenses rising more slowly than sales in both periods.
The board has recommended a dividend of Rs. 1.10 per equity share, which is 55 percent of the face value of Rs. 2. The dividend will be subject to approval from the shareholders at the AGM.
The Orderbook as of Q4FY25 stood at Rs. 575 Crore, which provides good visibility for enhanced future performance. The company also mentioned that they are receiving enquiries for orders for all segments.
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About the Company
Headquartered in Anand, Gujarat, HLE Glascoat Limited is a leading Indian manufacturer of process equipment, serving key industries like pharmaceuticals, chemicals, agrochemicals, dyes, and pigments. The company offers a wide range of products, including glass-lined reactors, filtration and drying systems, heat exchangers, and other specialised equipment.
In December 2021, HLE Glascoat expanded its global footprint by acquiring Thaletec GmbH, a German manufacturer of glass-lined equipment. Additionally, the company holds a 70% stake in Kinam Engineering Industries, a specialist in heat exchangers.
Written By Abhishek Das
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