HLE Glascoat Limited (HLEGLAS.BO)
HLE Glascoat Limited operates in the Industrial - Machinery industry of the Industrials sector, headquartered in Anand, GU, IN. The stock last traded at $327.05, down 1.70% on the session, giving a market capitalisation of $22.66B. Its beta of 0.49 implies it has historically moved less than the broad market.
HLE Glascoat Limited is an enterprise primarily engaged in the fabrication and global distribution of carbon steel equipment fortified with a glass lining. Its operational framework is structured around two principal divisions. The first, dedicated to Filtration, Drying and Other Equipment, produces specialized machinery including agitated filters and dryers, innovative rapid disc dryer-coolers, orbicular dryers, and rotary vacuum paddle dryers, alongside a variety of other chemical process apparatus and their essential accessories and replacement parts. Conversely, its Glass Lined Equipment segment focuses on manufacturing critical components such as reactors, receivers, storage vessels, processing columns, agitators, heat exchange units, valves, piping, fittings, and analogous items, complete with associated spares and accessories. Beyond these core offerings, the company also provides advanced solutions in exotic metal fabrication and Good Manufacturing Practice (GMP) compliant pharmaceutical equipment. HLE Glascoat serves an expansive range of industries, encompassing sectors like dyes and intermediates, pharmaceuticals, nutraceuticals, food processing, specialty and fine chemicals, marine applications, oil and gas, aerospace, mineral processing, and agrochemicals, among others. Founded in 1981, the company, headquartered in Anand, India, underwent a significant rebranding in December 2019, transitioning from its former identity as Swiss Glascoat Equipments Limited to its current name, HLE Glascoat Limited.
HLE Glascoat Limited is most often compared with the following Industrials names: