HLE Glascoat Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

HLE Glascoat announced that the Board of Directors of the Company at its meeting held on 18 May 2026, inter alia, have recommended the final dividend of Rs 1.1 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

Net profit of HLE Glascoat declined 10.57% to Rs 18.19 crore in the quarter ended March 2026 as against Rs 20.34 crore during the previous quarter ended March 2025. Sales rose 17.37% to Rs 391.69 crore in the quarter ended March 2026 as against Rs 333.71 crore during the previous quarter ended March 2025.

For the full year,net profit rose 5.80% to Rs 49.42 crore in the year ended March 2026 as against Rs 46.71 crore during the previous year ended March 2025. Sales rose 31.67% to Rs 1352.98 crore in the year ended March 2026 as against Rs 1027.59 crore during the previous year ended March 2025.

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HLE Glascoat will hold a meeting of the Board of Directors of the Company on 18 May 2026.

While EBITDA declined by 10.8% to Rs 24.59 crore, EBITDA margin contracted by 440 basis points YoY to 7.5% in Q3 FY26.

Profit before tax and before exceptional items in Q3 FY26 stood at Rs 6.83 crore, down by 40.1% from Rs 11.41 crore recorded in Q3 FY25.

The company had an orderbook of Rs 653.39 crore as on 31 December 2025. The company said that it continues to receive enquiries for orders across all business segments.

HLE Glascoat further said that it would undertake capital expenditure of upto Rs 25 crore to manufacture glass-fused tanks, silos and other allied products at its existing Silvassa manufacturing campus, based on the experience and knowledge of the Omeras business acquisition.

Himanshu K. Patel, managing director, said: ?The quarter highlighted exceptional performance in our Heat Transfer Equipment segment, which surged 151% year-on-year, alongside solid contributions from Glass Lined Products (24% growth) and Filtration and Drying Equipment (41% growth).

Building on the Omeras acquisition completed in Q2, which expanded our footprint into Glass Fused Steel products with strong potential in Biogas Digestors, Large Storage Tanks, and Architectural Facades, we are now seeing early synergies and enhanced diversification.

Looking ahead, the second half of the fiscal year typically contributes between 55% and 60% of our revenues. Omeras is expected to achieve breakeven by Q4 FY26, with meaningful contribution anticipated from FY27 onwards.?

HLE Glascoat is engaged in the specialized business of manufacturing chemical process equipment. The company?s key product segment has been filtration and drying equipment. The flagship products in this segment are agitated nutsche filters and dryers.

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