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H

HLE Glascoat HLEGLAS.NS · INR

Industrials · NSE · 🇮🇳 India

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420.95

+1.51%

Close of 9 Nov 2026, in INR

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About HLE Glascoat

Its shares trade on NSE under the ticker HLEGLAS.NS. It has been listed since 3 February 1994. In the fiscal year to 31 March 2026, it reported revenue of ₹13.53bn and net income of ₹494.2m. At that date it held total assets of ₹13.82bn and shareholders' equity of ₹5.34bn.

HLE Glascoat Ltd. specializes in design and manufacturing of carbon steel glass lined equipment. The company is headquartered in Anand, Gujarat. The firm is engaged in two business: Glass Lined Equipment, and Filtration, Drying and Other Equipment. Glass Lined Equipment business is engaged in manufactures of carbon steel glass lined equipment, such as reactors, receivers, storage tanks, columns, agitators, valves, pipes and fittings, and other similar equipment, related spares, and accessories. Filtration, Drying and Other Equipment business is engaged in manufacturing of agitated filters and dryers, rotary vacuum paddle dryers, other chemical process equipment and related spares and accessories. The Company’s products in the engineering business (filtration and drying equipment and glass-lined equipment) are predominantly used by the manufacturers of active pharma ingredients (API). Its subsidiaries include H L Equipments, Thaletec GmbH, and Thaletec Inc, USA.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Industrials
Industry
Machinery
Listed since
3 Feb 1994
Employees
764

Leadership

Pay as last reported

  • Mr. Yatish ParekhNon-Executive Independent Chairman of the Board₹175,000
  • Mr. Naveen KandpalChief Financial Officer
  • Mr. Achal ThakkarCompliance Officer, Company Secretary
  • Mr. Himanshu PatelManaging Director, Executive Director, since 2016₹15.3m
  • Mr. Aalap PatelExecutive Director, since 2016₹9.2m
  • Mr. Harsh PatelWhole-Time Director, since 2016₹6.3m
  • Mr. Nilesh PatelNon-Executive Director₹75,000
  • Ms. Vijayanti PunjabiNon-Executive Independent Director₹135,000
  • Mr. Sandeep RanderyNon-Executive Independent Director₹215,000
  • Mr. Jayesh Bhai ShahNon-Executive Independent Director₹75,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
47
Environment
48
Social
61
Governance
33
Direct emissions (scope 1)
2,672.42 t
Energy emissions (scope 2)
14,541.49 t
Women in the workforce
5%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • HLE Glascoat Ltd. employs 764 full-time employees in Anand, Gujarat.
  • Glass Lined Equipment business serves active pharma ingredients manufacturers with carbon steel glass lined reactors.
  • Filtration, Drying and Other Equipment business manufactures agitated filters and dryers for chemical processes.

Weaknesses

  • HLE Glascoat Ltd. is headquartered in Anand, Gujarat, a city not known for industrial hubs.
  • The company's Glass Lined Equipment business focuses solely on carbon steel glass lined equipment.
  • Filtration, Drying and Other Equipment business lacks diversification beyond chemical process equipment.

Opportunities

  • HLE Glascoat Ltd. serves the growing active pharma ingredients market in India.
  • Thaletec GmbH and Thaletec Inc, USA subsidiaries offer international expansion opportunities.
  • The company can leverage its engineering business for new chemical process equipment demand.

Threats

  • HLE Glascoat Ltd. faces competition from other machinery manufacturers in the Industrials sector.
  • The Glass Lined Equipment business depends on the active pharma ingredients industry's stability.
  • Filtration, Drying and Other Equipment business is vulnerable to chemical industry downturns.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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