HG

HLE Glascoat

Q1 FY26Industrial Manufacturing

HLE Glascoat Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹319
Market cap₹2.3K Cr
P/E57.8
Updated23 Aug 2026
Read4 min read

The short version

HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12). HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% considering the current order book (Page 12).

From HLE Glascoat's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12).
  • OMERAS acquisition will add incremental growth over this base but will not be included in the 20% calculation (Page 12).
  • For OMERAS, 12-month revenues are expected to be between €20 million and €25 million in FY '27, as FY '26 will reflect only partial consolidation and transition (Page 11-12).
  • Capacity utilization at OMERAS is currently below 50%, indicating scope for growth without major CAPEX (Page 8).
  • Execution timelines for projects vary from 5-6 months for smaller orders to over 2 years for larger orders (Page 15).

2 more points management made on revenue & sales performance

Profitability & Margins

See what HLE Glascoat said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • No major CAPEX required from a capacity point of view as current installed capacity utilization at OMERAS is below 50% (Page 17).
  • Incremental CAPEX might be needed for balancing equipment and maintenance but no immediate major CAPEX planned (Page 8).
  • Land available for future expansion (~21,000 sq. meters), but no immediate plans to build more capacity (Page 8).
  • Expansion to be organically leveraged without significant fresh capital outlay (Page 17).
  • Acquisition financed entirely from internal accruals; no additional debt taken (Page 16).

2 more points management made on capital expenditure plans

Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

5x potential
1ICE Make Refrig.
Rev 1Mar 2
2Taurian MPS
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what HLE Glascoat said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book of OMERAS is roughly around €7 million (page 7).
  • There is an inquiry pipeline of about €28 million under negotiation, which will be executed over 12-18 months (page 7).
  • The order book is partially executed already (page 6).
  • Orders include a mix of tanks and facades; biogas is still under discussion and not included in these numbers (page 7).

2 more points management made on order book & pipeline

HLE Glascoat — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹392 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Others in Industrial Manufacturing this season

  • Dynamatic Technologies Ltd (Q1 FY26)

    3,709.3 million, up 7.1% YoY from Rs. Key investor presentation takeaways from Dynamatic Technologies Ltd's Q1 FY26 investor presentation — and how it ranks aga

  • Mazagon Dock (Q1 FY26)

    Revenue from Operations (Consolidated): ₹2,626 Cr in Q1 FY 2025-26, down from ₹2,828 Cr in Q1 FY 2024-25 (approx. Key investor presentation takeaways from Mazag

  • Sunita Tools Ltd (Q1 FY26)

    EBITDA margin and PAT margin show improving trends, with EBITDA at 28-30% in FY26 rising to 30-34% in FY28, and PAT from 16-17% to 18-20%. Key investor presenta

  • Mamata Machinery (Q1 FY26)

    Q1FY26 Revenue from Operations:** ₹382 million, up 38% YoY from ₹276 million in Q1FY25 (Page 6). Key investor presentation takeaways from Mamata Machinery Ltd's

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were HLE Glascoat Q1 FY26 results?

HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12). HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% considering the current order book (Page 12).

What is HLE Glascoat share price analysis?

HLE Glascoat currently shows a neutral. The stock trades at a P/E of 57.8 with a market cap of ₹2,276 Cr. Investors should review the full earnings analysis for detailed insights.

Is HLE Glascoat planning capital expenditure?

No major CAPEX required from a capacity point of view as current installed capacity utilization at OMERAS is below 50% (Page 17). - Incremental CAPEX might be needed for balancing equipment and maintenance but no immediate major CAPEX planned (Page 8). - Land available for future expansion (~21,000 sq.

Keep HLE Glascoat on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.