HLE Glascoat Limited approved stock split of 10 for 2 at 31st AGM

HLE Glascoat Limited is a leading manufacturer of Glass Lined Equipment and Filtration & Drying Equipment. The company has a market share of up to 50% in Filtration & Drying Equipment and up to 25% in Glass Lined Equipment in India.

Stock split is written in a yellow circle on black color in the background of the phone
(Image: Meel Bijendra/Agrika)

HLE Glascoat Limited has approved an equity stock split of 10 for 2 at the 31st Annual General Meeting (AGM) and the ex-split date of the stock is 18 October 2022. All the shares held by the investors of HLE Glascoat will be 5 times after the split. For example investor A has 100 shares then after the split, the total will become 500 shares.

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HLE Glascoat has one manufacturing facility in Germany with a plant area of 40000 square meters while the company has 3 manufacturing facilities in India with plant areas of 15000 square meters, 20000 square meters, and 8600 square meters.

The company has the capacity to manufacture more than 600 filters and more than 2000 Glass Lined Equipment per annum. HLE Glascoat has presence in many countries including India, USA, Europe, Singapore, Russia Thailand.

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Revenue from Operations of HLE Glascoat grew by 34.62% year-on-year to Rs 65,221.82 lakh in FY 2021-22 as compared to Rs 48,448.93 lakh in the previous year. The EBITDA of the company increased to Rs 10,972.82 lakh in FY 2021-22 as against Rs 9,165.45 lakh in FY 2020-21.

The PAT of HLE Glascoat increased to Rs 5,823.34 Lakh in FY 2021-22 as compared to Rs 5,337.10 Lakh in the previous year.

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