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HLE Glascoat
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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 between Company, 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 share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of HLE Glascoat indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how HLE Glascoat is valued compared to its competitors.
HLE Glascoat PE ratio helps investors understand what is the market value of each stock compared to HLE Glascoat 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of HLE Glascoat evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively HLE Glascoat generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of HLE Glascoat in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of HLE Glascoat shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of HLE Glascoat compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of HLE Glascoat over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of HLE Glascoat helps investors get an insight into when they can enter or exit the stock. Key components of HLE Glascoat Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where HLE Glascoat shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect HLE Glascoat ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of HLE Glascoat provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of HLE Glascoat highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of HLE Glascoat .
The balance sheet presents a snapshot of HLE Glascoat ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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