HLE Engineers Pvt. Ltd. was established in the year 1981 and later it acquired a controlling stake in Swiss Glascoat Equipments Limited, which was a leading glass lined equipment manufacturer. In 2019, the operating businesses of HLE and Glascoat were integrated via a scheme of arrangement and the resulting company was renamed ‘HLE Glascoat Limited’.
Being a leading manufacturer of process equipment for the chemical and pharmaceutical industry, the company is a market leader in Filtration and Drying Equipment and a leading manufacturer of Glass Lined Equipment globally. It manufactures a wide range of chemical processing equipment for some of the most demanding applications and HLE Glascoat has built a solid reputation as a preferred supplier of process equipment. The company posted excellent consolidated operational revenue for Q4FY25, growing by 8.7% to Rs 334 crores as compared to the same quarter of the last fiscal year. EBITDA witnessed a stupendous 41.1% growth to close at Rs 54 crores year on year as compared to Q4FY24. With a 15.3% EBITDA margin and a consolidated profit after tax of Rs 32 crores, it turned out to be a 113% year on year increase compared to Q4FY24, reflecting an exceptionally strong operational performance.
Looking from a sequential fourth quarter FY25 basis, HLE Glascoat reported revenue growth of 44.4%, to close at Rs 231 crores. On the other hand, EBITDA grew by 96.7% while profit after tax climbed higher by 207.8% as compared to Q3FY25. In spite of various headwinds in the marketplace, HLE Glascoat has a diverse product portfolio which helps it navigate the environment effectively, enhancing customer engagement, maintaining a disciplined financial approach, and enhancing operational efficiency to support long term sustainable growth in the future. The company paid off debt of around Rs 50 crores during the financial year 2025, reflecting strong operational cash flow and lower interest cost in the balance sheet. With over 25 years in the business of Filtration and Drying and Glass Lining, HLE Glascoat is today one of the largest players in the country having a good industry market share.
The company has highly automated manufacturing facilities spread across Anand, Marol and Silvassa in Western India. Experts and customers swear by the company’s competitive edge in product engineering. The future outlook for HLE Glascoat Equipment Ltd is extremely bright from a macroeconomic standpoint with India entering into a multi-year capital expenditure cycle on the back of huge investments gaining traction.
Fund managers and analysts are quite bullish on the HLE Glascoat scrip currently quoting at Rs 440 on the bourses. Brokerages are recommending the HLE Glascoat share to their portfolio investors for long term capital appreciation on the back of superlative financial results over the next six quarters.
But investors should note that stock markets can be quite nervous and volatile due to geopolitical issues and hence investors should do their proper due diligence and consult their financial advisors before buying any shares or securities.
