HLE Glascoat Complete Financial Statements
In FY2026, HLE Glascoat (HLEGLAS) reported revenue ₹393 Cr, net profit ₹20 Cr and EPS ₹2.65, with a net profit margin of 5.1% and ROE of 3.7%. Full financial statements from FY2018 to FY2026 (9 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Review HLE Glascoat price earnings to evaluate earnings-based valuation against sector peers.
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Profitability Ratios
Balance Sheet Ratios
HLEGLAS Revenue, Net Profit & EBITDA — Year-on-Year Growth
HLEGLAS YoY (Mar 2025 vs Mar 2026) — revenue +17.0%, net profit -37.5%, EBITDA -18.5%, expenses +23.8%. Explore HLEGLAS Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
HLEGLAS Income Statement — Revenue, EBITDA & Net Profit
HLE Glascoat revenue ₹393 Cr, EBITDA ₹44 Cr, net profit ₹20 Cr, EPS ₹2.65 (2026) — net profit margin 5.1%. For live price, earnings ratios and company overview, see HLEGLAS screener.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 393 | 353 | 336 | 286 | 330 | 237 | 309 | 229 | 233 | 228 | 301 | 198 | 243 | 218 | 251 | 208 | 217 | 125 | 150 | 125 | 159 | 122 | 113 | 84 | 133 | 117 | 131 | 92 | 108 | 78 |
| Expenses | 349 | 316 | 282 | 246 | 309 | 202 | 270 | 205 | 205 | 200 | 254 | 174 | 218 | 180 | 212 | 176 | 188 | 102 | 121 | 101 | 137 | 100 | 92 | 69 | 103 | 98 | 109 | 76 | 87 | 69 |
| EBITDA | 44 | 37 | 54 | 40 | 21 | 36 | 39 | 24 | 28 | 28 | 47 | 24 | 25 | 38 | 39 | 32 | 28 | 23 | 29 | 25 | 22 | 22 | 21 | 15 | 30 | 19 | 22 | 16 | 21 | 8 |
| Operating Profit Margin % | 11.00% | 10.00% | 16.00% | 13.00% | 5.00% | 14.00% | 12.00% | 10.00% | 11.00% | 11.00% | 15.00% | 12.00% | 9.00% | 16.00% | 15.00% | 14.00% | 12.00% | 18.00% | 18.00% | 19.00% | 11.00% | 18.00% | 17.00% | 17.00% | 22.00% | 16.00% | 16.00% | 17.00% | 19.00% | 11.00% |
| Depreciation | 10 | 9 | 8 | 8 | 10 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 6 | 4 | 6 | 6 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| Interest | 9 | 9 | 9 | 9 | 8 | 9 | 10 | 9 | 9 | 6 | 9 | 5 | 10 | 5 | 5 | 4 | 5 | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 2 | 3 | 4 | 3 | 3 | 3 |
| Profit Before Tax | 25 | 19 | 37 | 23 | 4 | 20 | 21 | 7 | 11 | 16 | 33 | 13 | 8 | 28 | 30 | 22 | 17 | 19 | 25 | 21 | 15 | 17 | 16 | 10 | 25 | 14 | 17 | 11 | 16 | 3 |
| Tax | 5 | 5 | 6 | 5 | -1 | 5 | 6 | 2 | 1 | 5 | 10 | 4 | 2 | 8 | 7 | 6 | 5 | 6 | 7 | 6 | 7 | 5 | 5 | 4 | 8 | 5 | 4 | 3 | 5 | 1 |
| Net Profit | 20 | 14 | 32 | 18 | 5 | 14 | 15 | 5 | 10 | 11 | 23 | 9 | 6 | 19 | 23 | 15 | 12 | 13 | 18 | 14 | 8 | 12 | 11 | 7 | 17 | 10 | 14 | 8 | 11 | 2 |
| Earnings Per Share (₹) | 2.65 | 1.76 | 4.64 | 2.62 | 0.41 | 2.11 | 2.16 | 0.79 | 1.51 | 1.59 | 3.34 | 1.36 | 0.88 | 2.84 | 17.09 | 11.27 | 1.80 | 9.78 | 13.81 | 10.67 | 5.68 | 9.01 | 8.53 | 5.13 | 13.26 | 14.40 | 21.01 | 6.07 | 8.40 | 2.94 |
HLEGLAS Balance Sheet — Assets, Liabilities & Shareholders' Equity
HLEGLAS total assets ₹1,382 Cr, total equity ₹534 Cr, total liabilities ₹ Cr (2026) — ROE 3.7%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Total Assets | 1,382 | 1,293 | 1,202 | 895 | 760 | 377 | 335 | 294 |
| Current Assets | 716 | 649 | 620 | 559 | 479 | 247 | 229 | 203 |
| Fixed Assets | 591 | 593 | 541 | 318 | 245 | 120 | 94 | 85 |
| Capital Work in Progress | 4 | 5 | 19 | 3 | 31 | 3 | 10 | 4 |
| Investments | 356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 695 | 641 | 573 | 484 | 254 | 231 | 205 |
| LIABILITIES | ||||||||
| Total Liabilities | ||||||||
| Current Liabilities | 160 | 171 | 218 | 161 | 174 | 60 | 58 | 64 |
| Non-Current Liabilities | ||||||||
| SHAREHOLDERS' EQUITY | ||||||||
| Total Equity | 534 | 554 | 497 | 327 | 254 | 135 | 77 | 42 |
| Share Capital | 14 | 14 | 14 | 14 | 14 | 13 | 13 | 7 |
| Reserves & Surplus | 520 | 433 | 390 | 300 | 227 | 89 | 52 | 26 |
HLEGLAS Cash Flow Statement — Operating, Investing & Financing
HLE Glascoat operating cash flow ₹134 Cr, investing ₹-68 Cr, financing ₹-60 Cr, net cash flow ₹6 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | 134 | 95 | 5 | 1 | 48 | 45 | 49 |
| Investing Activities | -68 | -46 | -40 | -146 | -29 | -19 | -15 |
| Financing Activities | -60 | -19 | 13 | 160 | -10 | -30 | -29 |
| Net Cash Flow | 6 | 31 | -22 | 14 | 9 | -5 | 5 |