Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of HLE Glascoat Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 298 | 197 | 224 | 239 | 307 | 227 | 236 | 231 | 334 | 284 | 351 | 327 | 392 |
| Expenses + | 254 | 174 | 198 | 215 | 270 | 205 | 202 | 205 | 282 | 246 | 313 | 305 | 349 |
| Operating Profit | 44 | 23 | 26 | 25 | 36 | 22 | 34 | 26 | 52 | 38 | 38 | 21 | 43 |
| OPM % | 15% | 12% | 12% | 10% | 12% | 10% | 14% | 11% | 16% | 13% | 11% | 6% | 11% |
| Other Income + | 3 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | -1 | 0 | 1 |
| Interest | 9 | 5 | 6 | 10 | 10 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 9 |
| Depreciation | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 10 | 10 |
| Profit before tax | 33 | 13 | 16 | 8 | 21 | 7 | 20 | 11 | 37 | 23 | 19 | 4 | 25 |
| Tax % | 30% | 29% | 33% | 27% | 30% | 22% | 26% | 10% | 15% | 22% | 27% | -26% | 20% |
| Net Profit + | 23 | 9 | 11 | 6 | 15 | 5 | 14 | 10 | 32 | 18 | 14 | 5 | 20 |
| EPS in Rs | 3.34 | 1.36 | 1.47 | 0.44 | 1.45 | 0.50 | 1.86 | 1.24 | 2.98 | 2.16 | 1.73 | 0.41 | 2.62 |
Financials of HLE Glascoat Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 359 | 426 | 484 | 652 | 932 | 968 | 1,028 | 1,353 |
| Expenses + | 313 | 354 | 392 | 541 | 793 | 854 | 891 | 1,213 |
| Operating Profit | 47 | 73 | 93 | 111 | 139 | 114 | 136 | 140 |
| OPM % | 13% | 17% | 19% | 17% | 15% | 12% | 13% | 10% |
| Other Income + | 2 | 5 | 4 | -1 | 8 | 4 | 7 | 2 |
| Interest | 15 | 13 | 11 | 14 | 25 | 33 | 39 | 34 |
| Depreciation | 7 | 7 | 9 | 11 | 23 | 26 | 30 | 36 |
| Profit before tax | 28 | 57 | 77 | 84 | 99 | 59 | 75 | 71 |
| Tax % | 33% | 31% | 31% | 31% | 30% | 30% | 18% | 20% |
| Net Profit + | 19 | 39 | 53 | 58 | 70 | 41 | 62 | 57 |
| EPS in Rs | 5.50 | 5.91 | 8.00 | 8.52 | 10.23 | 4.35 | 6.84 | 7.12 |
| Dividend Payout % | 0% | 15% | 10% | 12% | 11% | 25% | 16% | 15% |
Financials of HLE Glascoat Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 13 | 13 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 35 | 63 | 120 | 239 | 312 | 403 | 446 | 520 |
| Borrowings + | 115 | 100 | 96 | 218 | 258 | 390 | 381 | 348 |
| Other Liabilities + | 138 | 159 | 148 | 289 | 311 | 395 | 448 | 500 |
| Total Liabilities | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,382 |
| Fixed Assets + | 85 | 94 | 120 | 245 | 318 | 541 | 593 | 627 |
| CWIP | 4 | 10 | 3 | 31 | 3 | 19 | 5 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 205 | 231 | 254 | 483 | 573 | 641 | 690 | 751 |
| Total Assets | 294 | 335 | 377 | 759 | 894 | 1,202 | 1,288 | 1,382 |
Financials of HLE Glascoat Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 49 | 45 | 48 | 1 | 5 | 95 | 134 | 161 |
| Cash from Investing Activity + | -15 | -19 | -29 | -146 | -40 | -45 | -68 | -86 |
| Cash from Financing Activity + | -29 | -30 | -10 | 160 | 13 | -19 | -60 | -85 |
| Net Cash Flow | 5 | -5 | 9 | 14 | -22 | 31 | 6 | -10 |
| Free Cash Flow | 33 | 22 | 20 | -67 | -36 | 40 | 68 | 108 |
| CFO/OP | 119% | 79% | 75% | 31% | 27% | 106% | 110% | 127% |
Financials of HLE Glascoat Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 38 | 52 | 83 | 95 | 89 | 66 | 73 |
| Inventory Days | 244 | 264 | 228 | 307 | 229 | 259 | 300 | 205 |
| Days Payable | 119 | 130 | 111 | 150 | 98 | 92 | 88 | 85 |
| Cash Conversion Cycle | 159 | 172 | 168 | 240 | 226 | 257 | 278 | 193 |
| Working Capital Days | -2 | 16 | 33 | 60 | 53 | 33 | 10 | 15 |
| ROCE % | 42% | 43% | 30% | 24% | 13% | 13% | 12% |