HLE Glascoat Ltd

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507.101.25 (0.25%)

12:00 AM,23rd Feb 2024

507.552.15 (0.43%)

12:00 AM,23rd Feb 2024

BSE : 522215


Sector : Engineering

ISIN Code : INE461D01028

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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

12 Jun 2023

52-WK Low


52-WK Low Date

29 Mar 2023

All Time High


All Time High Date

18 Oct 2021

All Time Low


All Time Low Date

22 Feb 2021

HLE Glascoat Ltd

HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Limited) is one of the most renowned process equipment manufacturers for chemical and pharmaceutical sectors in India. It is a part of the prestigious Patel Group of Companies established by late Dr. Khushalbhai H. Patel in 1951. The Company is engaged in manufacture and sale of Glass-Lined Equipment and Spares in India.The Company offer customers with a plethora of products catering to needs for storage reaction heat transfer distillation and solid-liquid separation in the chemical pharmaceutical and allied industries. It is currently operating in both domestic and international markets with the help of 3 integrated plants namely Mairoli Works Anand Works and HL Equipment. Its glasscoat product range consists of both ready-made and custom-built equipment whereas other products include Glass Lined Flush Bottom Outlet Valve Bellows-Sealed Valve Glass Lined Diaphragm Valve Flanged Pipe Flanged Elbows 90 Flanged Crosses Reducing Flanges and Flanged T- Pieces with reduced connection.In 1981 the Company embarked on its operations as as a manufacturer of chemical equipment for their Group chemical plants. HLE Glascoat Limited incorporated in August 26 1991 under the name of 'Shri Glassteel Equipments Limited' and subsequently changed the name to 'Swiss Glasscoat Equipment Limited' on March 03 1992. Thereafter the Company consolidated both these businesses through a Demerger Scheme vide its Order dated 24th October 2019 and consequently name of the Company was changed to 'HLE Glascoat Limited'. In 1991 it manufactured its First Agitated Nutsche FilterDryer beginning of specialization in Filtration & Drying.In 2003 it set up the Silvassa plant under the name of HL Equipments. After that it inaugurated the Heerasons R&D Centre at Maroli. In 2017 it expanded the product portfolio and acquired stake in a leading manufacturer of Glass-Lined Equipment namely Swiss Glascoat Equipments Limited.The Board of Directors of the Company at its meeting held on 16th January 2019 had approved the Scheme of Arrangement betweenCompany HLE Engineers Private Limited and Yashashvi Agrochemical Private Limited providing for Demerger of Operating Business of HLE Engineers Private Limited and vesting of the same into the Company; the Amalgamation of Yashashvi Agrochemical Private Limited with HLE Engineers Private Limited; and various other matters consequential or otherwise integrally connected therewith with effect from 1st April 2018 as the appointed date. As per said Demerger Scheme which was approved by Hon'ble National Company Law Tribunal Ahmedabad Bench vide its Order dated October 24th 2019 the Company integrated both these businesses and consequently renamed the Company as 'HLE Glascoat Limited'.In 2020 it acquired additional ownership and profit share up to 99% in H L Equipments (HLEQ).In December 2021 the Company acquired the global business of leading glass-lining company Thaletec GmbH Germany.In 2022 the Company commissioned a Greenfield plant at Silvassa to augment the manufacturing capacity for their filtration and drying equipment.

HLE Glascoat Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 2
Latest Dividend (%)55.00
Latest Dividend Date 21 Sep 2023
Dividend Yield (%) 0.22
Book Value Share (₹) [S]50.21
P/B Ratio (₹) [S]10.10
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 133 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 133 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High



Week Low/High



Month Low/High



Year Low/High



All time Low/High



Share Price Returns

1 Week-1.28%-1.09%1.290.78%
1 Month-6.29%-6.43%4.244.59%
3 Month-2.18%-2.10%11.1212.17%
6 Month-11.68%-11.64%12.1114.24%
1 Year-4.38%-4.21%23.0726.85%
3 Year25.63%25.68%47.4551.03%

Company Info

Company Information

Independent Director : Vijayanti Punjabi

Managing Director : Himanshu Patel

Director : Nilesh Patel

Whole Time Director : Harsh Patel

Executive Director : Aalap Patel

Chairman & Independent Directo : Yatish Parekh

Independent Director : Sandeep Randery

Independent Director : Jayesh Shah

Company Sec. & Compli. Officer : Achal Thakkar

Registered Office: H-106 GIDC Estate, Vitthal Udyognagar,Anand,Gujarat-388121 Ph: 91-2692-236842/43/44/45