BSE: 522215 | NSE: HLEGLAS | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that HLE Glascoat Ltd is a good quality company.
The key valuation ratios of HLE Glascoat Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HLE Glascoat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 27.3% | 42.1% | 41.9% | 29.3% | 24.2% | 14.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | 1.0 | 2.0 | 2.0 | 1.2 | 0.7 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 359 | 426 | 442 | 644 | 923 | 960 | 1,009 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 18.7% | 3.7% | 45.7% | 43.3% | 4% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 5.5 | 5.9 | 7.9 | 9.6 | 10.2 | 5.8 | 4.3 |
| YoY Gr. | - | NA | NA | NA | NA | 8.8% | 32.7% | 21.5% | 6.3% | -42.5% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 9.3 | 11.5 | 17.3 | 37 | 47.8 | 61 | 63.2 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 17.7 | 38.3 | 51.4 | 65.3 | 69.4 | 39.8 | 29 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 48.6 | 44.7 | 48.2 | 1.1 | 4.9 | 94.3 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 2.4 | 2.2 | 1.9 | 197 | 50.7 | 3.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 21.7% | 29.5% | 4% | ||||
| Adj EPS ⓘ | NA | 1.4% | -9.5% | -42.5% | ||||
| BVPSⓘ | NA | 45.6% | 52.2% | 27.8% | ||||
| Share Price | 33.4% | 39.3% | -33.1% | -31.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 43 | 65.4 | 48.8 | 33.6 | 23.9 | 10.7 | 6.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 13 | 17.1 | 20.5 | 17.6 | 15.2 | 12.8 | 11.6 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 5.1 | 9.2 | 11.9 | 10.1 | 7.5 | 5.3 | 2.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 3.8 | 1.3 | 0.8 | 0.8 | 0.8 | 0.9 | 0.3 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 174 | 188 | 192 | 198 | 219 | 101 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 96 | 106 | 124 | 133 | 151 | 19 |
Sales growth is growing at healthy rate in last 3 years 29.50%
Debt to equity has declined versus last 3 years average to 0.87
Return on Equity has declined versus last 3 years average to 6.80%
Net Profit has been subdued in last 3 years -9.47%
Sales growth is not so good in last 4 quarters at 8.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 4.3 |
| TTM Sales (₹ Cr.) | 533 | 1,009 |
| BVPS (₹.) ⓘ | 50 | 63.2 |
| Reserves (₹ Cr.) ⓘ | 328 | 418 |
| P/BV ⓘ | 7.27 | 5.76 |
| PE ⓘ | 174.01 | 85.62 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 350.05 / 581.95 |
| All Time Low / High (₹) | 1.50 / 1509.80 |
| Market Cap (₹ Cr.) | 2,485 |
| Equity (₹ Cr.) | 13.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 359 | 426 | 442 | 644 | 923 | 960 |
| Operating Expenses ⓘ | 313 | 354 | 354 | 531 | 783 | 842 |
| Manufacturing Costs | 67 | 85 | 49 | 106 | 133 | 141 |
| Material Costs | 196 | 212 | 237 | 318 | 429 | 440 |
| Employee Cost | 27 | 32 | 36 | 67 | 147 | 177 |
| Other Costs ⓘ | 23 | 25 | 32 | 40 | 75 | 84 |
| Operating Profit ⓘ | 46 | 73 | 88 | 113 | 140 | 117 |
| Operating Profit Margin (%) | 12.9% | 17.0% | 20.0% | 17.5% | 15.1% | 12.2% |
| Other Income ⓘ | 3 | 5 | 3 | 7 | 8 | 9 |
| Interest ⓘ | 15 | 13 | 11 | 14 | 25 | 33 |
| Depreciation ⓘ | 7 | 7 | 7 | 10 | 22 | 26 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -9 | 0 | -5 |
| Profit Before Tax ⓘ | 28 | 57 | 74 | 87 | 100 | 62 |
| Tax ⓘ | 9 | 17 | 23 | 26 | 30 | 18 |
| Profit After Tax | 19 | 39 | 51 | 61 | 71 | 45 |
| PAT Margin (%) | 5.2% | 9.2% | 11.6% | 9.4% | 7.7% | 4.6% |
| Adjusted EPS (₹) | 5.5 | 5.9 | 8.0 | 8.5 | 10.2 | 4.4 |
| Dividend Payout Ratio (%) | 0% | 15% | 10% | 12% | 11% | 25% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 30 | 76 | 115 | 254 | 327 | 417 | ||||
| Share Capital ⓘ | 7 | 15 | 15 | 15 | 14 | 14 | ||||
| Reserves ⓘ | 24 | 61 | 100 | 239 | 312 | 403 | ||||
| Minority Interest | 1 | 1 | 0 | 0 | 0 | 80 | ||||
| Debt | 106 | 84 | 77 | 183 | 204 | 322 | ||||
| Long Term Debt | 60 | 54 | 55 | 130 | 98 | 147 | ||||
| Short Term Debt | 46 | 29 | 22 | 53 | 105 | 175 | ||||
| Trade Payables | 64 | 75 | 72 | 131 | 115 | 111 | ||||
| Others Liabilities ⓘ | 92 | 99 | 113 | 191 | 249 | 272 | ||||
| Total Liabilities ⓘ | 294 | 335 | 377 | 759 | 894 | 1,202 | ||||
Fixed Assets | ||||||||||
| Gross Block | 100 | 116 | 144 | 310 | 403 | 656 | ||||
| Accumulated Depreciation | 16 | 22 | 25 | 67 | 86 | 115 | ||||
| Net Fixed Assetsⓘ | 85 | 94 | 119 | 244 | 317 | 542 | ||||
| CWIP ⓘ | 4 | 10 | 3 | 31 | 3 | 19 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 131 | 153 | 148 | 268 | 268 | 312 | ||||
| Trade Receivables | 33 | 44 | 69 | 148 | 243 | 237 | ||||
| Cash Equivalents | 18 | 10 | 21 | 39 | 16 | 45 | ||||
| Others Assetsⓘ | 22 | 24 | 18 | 29 | 47 | 46 | ||||
| Total Assets ⓘ | 294 | 335 | 377 | 759 | 894 | 1,202 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 49 | 45 | 48 | 1 | 5 | 94 |
| PBT ⓘ | 28 | 57 | 77 | 84 | 99 | 59 |
| Adjustment ⓘ | 20 | 18 | 19 | 22 | 45 | 62 |
| Changes in Working Capital ⓘ | 8 | -17 | -27 | -72 | -106 | -1 |
| Tax Paid ⓘ | -7 | -13 | -21 | -33 | -33 | -26 |
| Cash Flow From Investing Activity ⓘ | -15 | -19 | -29 | -173 | -40 | -45 |
| Capex | -16 | -23 | -29 | -68 | -41 | -55 |
| Net Investments | 0 | 3 | -1 | 7 | 0 | 9 |
| Others ⓘ | 1 | 1 | 1 | -112 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -29 | -30 | -10 | 160 | 13 | -18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 40 | 67 | 7 | -79 |
| Net Proceeds from Borrowing ⓘ | 9 | 8 | 0 | 98 | 4 | 93 |
| Interest Paid ⓘ | -14 | -8 | -7 | -11 | -18 | -21 |
| Dividend Paid ⓘ | -1 | -3 | -3 | -5 | -7 | -8 |
| Others ⓘ | -23 | -27 | -40 | 11 | 28 | -4 |
| Net Cash Flow ⓘ | 5 | -5 | 9 | -12 | -22 | 31 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 61.23 | 75.1 | 54.6 | 33.19 | 24.49 | 11.99 | ||||
| ROCE (%) | 27.32 | 42.13 | 41.93 | 29.26 | 24.22 | 14.07 | ||||
| Asset Turnover Ratio | 1.22 | 1.36 | 1.24 | 1.13 | 1.12 | 0.92 | ||||
| PAT to CFO Conversion(x) | 2.58 | 1.15 | 0.94 | 0.02 | 0.07 | 2.09 | Working Capital Days | |||
| Receivable Days | 34 | 33 | 47 | 62 | 77 | 91 | ||||
| Inventory Days | 133 | 122 | 124 | 118 | 106 | 110 | ||||
| Payable Days | 98 | 98 | 94 | 88 | 88 | 93 | ||||
Swiss Glascoat Equipments Ltd was incorporated on August 26, 1991 under the name of Shri Glassteel Equipments Limited. Subsequently the name of the company was changed to Swiss Glasscoat Equipment Limited on March 3,1992 and certificate of commencment of businss was obtained on March 5,1992.
Swiss Glascoat Equipments is a company engaged in the manufacture of glass lined equipment and spares. Their objective is to ensure a corrosion-free technosphere under the sun. As an organisation, they are engaged in fighting against the evil forces of corrosion and protect your machinery and balance sheet both in a very unprecedented manner.
In a very short span of its existence, they've showcased the true spirit of a Spartan by accomplishing many projects of varied nature. Today, they've emerged as a front-runner of domestic glasslining fraternity with the help of their trend-setting products and services by catering to industries as diverse as from dyes to pigments; from pharmaceuticals to food processing from chemicals to pesticides; from intermediates to resins or any other conceivable corrosion-prone areas in chemical processing industry.
Their mission is to create, sustain and enhance a powerful platform with a Total Qualitative Approach, where the fusion between demand and supply can happen in a systematic way, thanks to their ability to integrate people, products and practices.
Glascoat has embarked upon the technological drive to synthesize the best of engineering practices and technological advancements to come up with the superior quality solutions in the glasslined products. They started their sprint to success by launching two 6300 litre reactors with all the contemporary features included in the very first year.
By consolidating quality, performance, engineering design, service and much more, Glascoat has today established itself as an OPSP (One-Point-Solution-Provider) for glasslined products of any type, size or output plus a complete range of accessories.
Product range of the company includes:
The Glascoat product range consists of both ready-made (for standard requirement) and custom-built (for unique requirement) equipment and accessories of versatile nature.
Glass Lined Reactors
Storage Tanks
Condensors
ColumnsRotary Vaccum Dryers
Other products
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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