Latest news with #HLEGlascoat
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Smallcaps shine; 11 stocks at new highs; HLE Glascoat, IFGL Refract up 20%
In the past two trading days, the smallcap index has outperformed the market by gaining 2.2 per cent, as against 1.5 per cent gain recorded by the Sensex and Midcap index. Smallcap stocks shine: Shares of smallcap companies were on a roll with the BSE Smallcap index outperforming the market by gaining nearly 1 per cent led by auto ancillary, industrial products, textiles and household appliances shares. IFGL Refractories (₹277.20) and HLE Glascoat (₹498.65) were locked at the 20 per cent upper circuit on the BSE in Tuesday's intra-day trade. Jamna Auto Industries, Magellanic Cloud, KIOCL, GE Power India, Signpost India, Devyani International, Motherson Sumi Wiring India, Aarti Pharmalabs, Garware Hi-Tech Films, Eveready Industries and Shaily Engineering Plastics from the BSE Smallcap index rallied between 6 per cent and 14 per cent. 11 smallcap stocks register new life-time highs A total of 11 stocks including SJS Enterprises, Sudarshan Chemical Industries, Sai Life Sciences, Centum Electronics, CCL Products, CarTrade Tech and HBL Engineering from the BSE Smallcap index hit their respective all-time highs in intra-day trade today. At 12:30 PM; the BSE Smallcap index up 0.75 per cent was the top gainer among the broader indices, as compared to 0.56 per cent rise in the BSE Sensex and BSE Midcap. In the past two trading days, the smallcap index has outperformed the market by gaining 2.2 per cent, as against 1.5 per cent gain recorded by the Sensex and Midcap index. Proposed GST reforms fueling the rally The government has proposed GST 2.0 reforms recently which aims to rationalize the current multi-slab structure into a simpler framework, with two main rates of 5 per cent and 18 per cent, and a higher 40 per cent slab for luxury and sin goods. According to ICICI Securities, the aim is to make products more affordable domestically and is likely to boost consumption especially amidst the approaching festive season. The official notification is awaited & expected around/ before Diwali 2025. Notwithstanding geo-political tensions and tariff led uncertainty, the brokerage firm said they remain positive on markets. The timing of GST reforms is apt and this potential policy stimulus along with personal income tax relief, front-loading of rate cuts, softer inflation (boosting purchasing power) and improved credit availability on regulatory easing should help buoy household consumption over the next 2-3 quarters, according to Tanvee Gupta Jain, Chief India Economist at UBS Securities. In terms of sectors, the brokerage firm thinks the proposed removal of 12 per cent GST rate would be a positive for processed foods, garments (above ₹ 1000), footwear, tractors, farm equipment, construction material, hotel amongst others. The prominent goods in the 28 per cent slab that could benefit from moving to the lower slab include air-conditioners, automobiles (largely 2-wheelers, small cars), cement amongst others. Smallcap - HLE Glasscoat hits 52-week high Meanwhile, among individual stocks, HLE Glasscoat hit a 52-week high, zooming 20 per cent at ₹ 498.65 on the BSE in intra-day trade. The stock price of the industrial products company has zoomed 129 per cent from its 52-week low of ₹ 218 touched on March 13, 2025. In the April to June 2025 quarter (Q1FY26), the company delivered healthy growth across all key financial metrics. Revenues rose 25.0 per cent year-on-year (Y-o-Y) at ₹283.95 crore, due to the strengthened demand and successful order execution. EBIDTA grew 68.6 per cent Y-o-Y at ₹39.85 crore and margin expansion to 14.0 per cent from 10.4 per cent. Profit after tax more than doubled to ₹178.65 crore from ₹54.2 crore in a year ago quarter. The company said its record order book of ₹738.74 core as on June 30, 2025 provides good visibility for enhanced future performance. The company further said it continues to receive enquiries for orders across all business segments. The Thaletec range of glass lined products is receiving an encouraging response from various reputed corporate users in India, it added.
Business Standard
2 days ago
- Business
- Business Standard
HLE Glascoat surges as subsidiary completes acquisition of Omeras GmbH Assets
HLE Glascoat rallied 16.38% to close at Rs 483.60 after announcing the successful completion of its strategic European acquisition. In a regulatory filing, the company disclosed that its wholly owned step-down subsidiary, HLE Surface Technologies GmbH, finalized the acquisition of specific assets of Germany-based Omeras GmbH, along with all shares of its subsidiary Omerastore GmbH, on 18 August 2025. The acquisition, valued at 2.75 million euros, follows HLE Glascoat's initial disclosure dated 14 August 2025. The deals were executed through a sale and purchase agreement and a real estate purchase agreement on 13 August 2025. Omeras GmbH, with a legacy of 187 years and headquartered in Lauter-Bernsbach, Germany, specializes in manufacturing glass-lined and enameled panels, tanks, and architectural claddings. It offers comprehensive services ranging from consulting to turnkey project delivery. Omerastore GmbH focuses on modular, glass-fused-to-steel storage tanks and silos, used globally for potable water, sludge, and industrial liquids. This acquisition provides HLE Glascoat immediate access to fast-growing infrastructure sectors such as transport, tunnels, clean rooms, renewable energy storage, and water/wastewater management. The German manufacturing footprint strengthens the companys presence in Europe and the Middle East. Additionally, HLE Glascoat plans to leverage Omeras's well-established customer network to expand into emerging markets in Asia-Pacific, Africa, and Latin America with its modular tank solutions. This move aligns with HLE's long-term strategy of enhancing its commercial presence across key strategic geographies. HLE Glascoat is engaged in the specialized business of manufacturing chemical process equipment, filtration, drying, heat transfer and glass lined equipment. On a consolidated basis, net profit of HLE Glascoat surged 334.12% to Rs 14.76 crore while net sales rose 25.05% to Rs 283.95 crore in Q1 June 2025 over Q1 June 2024.
Business Standard
12-08-2025
- Business
- Business Standard
HLE Glascoat consolidated net profit rises 334.12% in the June 2025 quarter
Sales rise 25.05% to Rs 283.95 croreNet profit of HLE Glascoat rose 334.12% to Rs 14.76 crore in the quarter ended June 2025 as against Rs 3.40 crore during the previous quarter ended June 2024. Sales rose 25.05% to Rs 283.95 crore in the quarter ended June 2025 as against Rs 227.07 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 25 OPM %13.249.62 -PBDT31.2514.19 120 PBT22.896.93 230 NP14.763.40 334 Powered by Capital Market - Live News
Business Standard
12-08-2025
- Business
- Business Standard
HLE Glascoat standalone net profit rises 978.32% in the June 2025 quarter
Sales rise 47.64% to Rs 164.26 crore Net profit of HLE Glascoat rose 978.32% to Rs 15.42 crore in the quarter ended June 2025 as against Rs 1.43 crore during the previous quarter ended June 2024. Sales rose 47.64% to Rs 164.26 crore in the quarter ended June 2025 as against Rs 111.26 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 164.26111.26 48 OPM % 11.963.45 - PBDT 22.354.72 374 PBT 18.201.12 1525 NP 15.421.43 978
Time of India
29-05-2025
- Business
- Time of India
Smallcap mania is back. But do Q4 earnings really justify the multibagger hype?
A smallcap rally is exciting investors, with the BSE Smallcap Index rising nearly 10% in a month and many stocks delivering over 30% returns. However, earnings growth lags behind, with smallcaps showing lower profit growth compared to largecaps. Experts advise caution, suggesting a focus on fundamentals and a potential shift towards largecaps due to stretched valuations in the smallcap segment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A blistering rally in smallcap stocks is reigniting investor dreams of overnight riches but the numbers are telling a far more complicated story. With the BSE Smallcap Index up nearly 10% in one month, retail participation is surging, echoing the speculative fervor of the last bull market that climaxed in September 2024. And the excitement isn't just index-level: in the last one month, a staggering 69 smallcap stocks have delivered over 30% returns. Among the biggest gainers, Suven Life Sciences surged 83%, while GRSE Nelcast , and HLE Glascoat all rallied at least 50%.But while prices soar, fundamentals remain shaky and earnings aren't keeping pace with the hype.'Indian smallcaps and midcaps seem to have outperformed largecaps in Q4 FY25, but the numbers tell a different story,' said Akshay Badjate, Fund Manager at Merisis PMS. 'Our analysis of the top 750 listed companies shows smallcaps lagging in profit growth, with a median PBT growth of just 4% compared to 11% for the top 250 largecaps. Many smallcaps even posted flat or negative growth, undermining the narrative of a broad-based rally.'Despite the tepid performance on the bottom line, investor appetite has remained insatiable. The Nifty Smallcap 250 has rallied 9% in the last two months, triple the 3% rise seen in the Nifty 50. Badjate attributes this surge to 'liquidity, retail enthusiasm, and domestic growth optimism,' but warns that the disconnect between price and performance may not be sustainable.'Our view at Merisis Advisors is cautious,' he said. 'While select smallcaps with strong fundamentals remain appealing, the segment risks a correction if earnings don't align with valuations. We're trimming smallcap exposure and leaning into largecaps and large midcaps, where we see better operational momentum and value.'Q4 did deliver a few bright spots for the broader market. 'The Nifty Midcap 150 reported 15% YoY profit growth and the Smallcap 250 delivered 12%. Margin performance was largely stable in midcaps, though smallcaps saw some pressure,' said Krishna Appala, Fund Manager at Capitalmind Appala also flagged that the earnings catch-up story has its limits. 'Valuations remain stretched — midcaps trade at 34x and smallcaps at 32x trailing earnings, well above the 22x seen in largecaps. The divergence between earnings and valuations in the broader market calls for greater selectivity.'He further added that while largecaps may appear sluggish, they now offer a better risk-reward profile. 'Despite the sharp upmove recently, largecaps currently offer a better balance of earnings visibility and valuation comfort on a forward-looking basis. The environment today rewards fundamentals and discipline over broad-based exposure — especially when mid and smallcap multiples leave little room for error.'Still, not all fund managers are ready to write off smallcaps just yet. Vaibhav Chugh, Director and Head of Sales at Whiteoak Capital AMC, sees rich opportunity in the chaos — provided investors pick wisely.'Yes, the result season started slow but as it progressed, midcaps and smallcaps have surprised on growth trajectory as well as upgrades to downgrades statistics,' Chugh said. 'We continue to be overweight small caps. We find relatively high alpha opportunities due to the heterogeneity of business models, sectors and sub-sectors in the smallcap space — which is the ideal setup for bottom-up stock pickers.'With nearly 70 smallcap names delivering eye-popping returns in a matter of weeks, the lure of the next multibagger is proving hard to resist. But experts caution that investors need to tread carefully — the fundamentals are not as broad-based as the rally suggests, and elevated valuations leave little room for disappointment. The smallcap story is far from over, but chasing momentum without earnings to back it could lead to painful lessons.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
