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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 15.16 % in the past year, decrease in net sales/revenue by -26.01 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 161.2 %. Marginal decrease of -9.35% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for HLE GLASCOAT LIMITED. Profit dropped by -41.66 % Year to Year, HLE GLASCOAT LIMITED’s profitability dropped by -63.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -41.91 % Year to Year. EPS decreased by -63.43 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 197.187 Cr | Rs. 306.898 Cr | Rs. 227.072 Cr | -26.01 % | + 15.16 % |
| Expenses | Rs. 174 Cr | Rs. 270.41 Cr | Rs. 205.23 Cr | -24.1 % | + 17.95 % |
| Operating Profit | Rs. 23.19 Cr | Rs. 36.49 Cr | Rs. 21.84 Cr | -40.15 % | -5.82 % |
| OPM % | 11.76 % | 11.89 % | 9.62 % | -2.27 % | -2.14 % |
| Other Income | Rs. 0.683 Cr | Rs. 1.968 Cr | Rs. 1.784 Cr | -9.35 % | + 161.2 % |
| Interest | Rs. 4.78 Cr | Rs. 10.34 Cr | Rs. 9.44 Cr | -8.7 % | + 97.49 % |
| Depreciation | Rs. 5.96 Cr | Rs. 6.95 Cr | Rs. 7.26 Cr | + 4.46 % | + 21.81 % |
| Profit before tax | Rs. 13.13 Cr | Rs. 21.17 Cr | Rs. 6.92 Cr | -67.31 % | -47.3 % |
| Tax % | 29.21 % | 30.07 % | 21.76 % | -8.31 % | -7.45 % |
| Net Profit | Rs. 9.29 Cr | Rs. 14.8 Cr | Rs. 5.42 Cr | -63.38 % | -41.66 % |
| EPS in Rs | Rs. 1.36 | Rs. 2.16 | Rs. 0.79 | -63.43 % | -41.91 % |
Today, we’re looking at HLE GLASCOAT LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.16 %. However, it did see a marginal slip of -26.01 % from the previous quarter. Expenses decreased slightly by -24.1 % quarter-on-quarter, aligning with the annual rise of 17.95 %. Operating profit, while down -5.82 % compared to last year, faced a quarter-on-quarter dip of -40.15 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.14 %, but a shrinkage of -2.27 % sequentially. Other income fell by -9.35 % compared to the last quarter, despite an annual growth of 161.2 %. Interest expenses dropped significantly by -8.7 % from the previous quarter, yet the year-over-year increase remains at a moderate 97.49 %. Depreciation costs climbed by 4.46 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.81 %. Profit before tax declined annually by -47.3 % but saw a reduction from the preceding quarter by -67.31 %.
Tax expenses as a percentage of profits decreased slightly by -7.45 % compared to last year, with a more notable quarter-on-quarter decrease of -8.31 %. Net profit fell by -41.66 % year-on-year but witnessed a -63.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -41.91 % but a quarterly fall of -63.43 %. In summary, HLE GLASCOAT LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 197.187 Cr | Rs. 306.898 Cr | Rs. 227.072 Cr | -26.01 % | + 15.16 % |
| Expenses | Rs. 174 Cr | Rs. 270.41 Cr | Rs. 205.23 Cr | -24.1 % | + 17.95 % |
| Operating Profit | Rs. 23.19 Cr | Rs. 36.49 Cr | Rs. 21.84 Cr | -40.15 % | -5.82 % |
| Net Profit | Rs. 9.29 Cr | Rs. 14.8 Cr | Rs. 5.42 Cr | -63.38 % | -41.66 % |
| EPS in Rs | Rs. 1.36 | Rs. 2.16 | Rs. 0.79 | -63.43 % | -41.91 % |
In reviewing HLE GLASCOAT LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.16 % year-on-year growth, although there was a slight dip of -26.01 % from the previous quarter. Expenses rose by 17.95 % compared to the previous year, with a decrease of -24.1 % quarter-on-quarter. Operating Profit dropped by -5.82 % annually, and saw a -40.15 % decrease from the last quarter.
Net Profit showed yearly decrease of -41.66 %, and experienced a -63.38 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -41.91 % annually, however dipped by -63.43 % compared to the last quarter. In essence, while HLE GLASCOAT LIMITED faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
-16
3-Year Profit
12
5-Year Profit
24
10-Year Profit
364
Current Price
2,486
Market Cap
The financial outlook for the company under BSE code 522215 reveals a significant five-year profit of 12 percents. This marks a notable increase to -16 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of -62 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 43 percents over the past five years but experiencing a dramatic drop to -24 percents within the last year. Over a decade, the stock price was at 36 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company has a market capitalization of ₹2,486 crore and is currently trading at a stock price of ₹364. Over time, the stock has fluctuated between the historical highs and lows of ₹582 / 350, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 83.2, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹63.2, showcasing the underlying asset value. Additionally, the dividend yield is 0.30%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 13.1%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 8.62%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 0.83, signaling minimal leverage. It also reports a net cash flow of ₹30.6 crore, reflecting the company's ability to generate cash. The Piotroski score is 4.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹77.7. The Price-to-Book (P/B) ratio of 5.77 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
