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HLE GlascoatNSE:HLEGLAS -20.00%92 Debt-to-Equity is 0.65 as of Mar. 2026, which is 18% below its 10-year median of 0.79. GuruFocus rates NSE:HLEGLAS with a GF Score™ of 92/100 and a GF Value™ of ₹622.20 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,678 Industrial Products companies, HLE Glascoat ranks worse than 75.58% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for HLE Glascoat's Debt-to-Equity or its related term are showing as below:
NSE:HLEGLAS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.79 Max: 2.78
Current: 0.65
During the past 13 years, the highest Debt-to-Equity Ratio of HLE Glascoat was 2.78. The lowest was 0.12. And the median was 0.79.
NSE:HLEGLAS's Debt-to-Equity is ranked worse than 75.58% of 2678
companies
in the Industrial Products industry
Industry Median: 0.28
vs NSE:HLEGLAS: 0.65
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
HLE Glascoat Debt-to-Equity Related Terms
HLE Glascoat Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for HLE Glascoat's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:HLEGLAS vs GEV, ETN, PH: Debt-to-Equity Comparison
For the Specialty Industrial Machinery subindustry, HLE Glascoat's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HLE Glascoat Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HLE Glascoat's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where HLE Glascoat's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HLE Glascoat (NSE:HLEGLAS) has a Debt-to-Equity of 0.65 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HLE Glascoat and its competitors. This is 18% below median its historical median of 0.79. Over the past decade, HLE Glascoat's Debt-to-Equity has ranged from 0.12 to 2.78. According to the industry distribution chart, HLE Glascoat ranks #2024 out of 2678 companies in the Industrial Products industry, placing it in the top 75.6%.
Is HLE Glascoat's Debt-to-Equity too high?
HLE Glascoat's current Debt-to-Equity of 0.65 is 18% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.78. The Industrial Products industry median Debt-to-Equity is 0.28. HLE Glascoat's value of 0.65 is 132.1% above this industry median. Based on the distribution chart, HLE Glascoat ranks #2024 out of 2678 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, HLE Glascoat has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HLE Glascoat's Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLE Glascoat ranks #2024 out of 2678 companies for Debt-to-Equity. This places HLE Glascoat in the lower half of its industry. The industry median Debt-to-Equity is 0.28. HLE Glascoat's value of 0.65 is 132.1% above this benchmark. Historically, HLE Glascoat's own Debt-to-Equity has ranged from 0.12 to 2.78 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.28, HLE Glascoat has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,678 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HLE Glascoat's current Debt-to-Equity of 0.65 is 132.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HLE Glascoat and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLE Glascoat's current Debt-to-Equity is 0.65, which is 18% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HLE Glascoat stock overvalued right now?
Based on GuruFocus' analysis, HLE Glascoat (NSE:HLEGLAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹622.20, compared to a current price of ₹379.60 — trading 39% below its estimated fair value. The current Debt-to-Equity is 0.65, which is 18% below median its 10-year median of 0.79 and 132.1% above the Industrial Products industry median of 0.28. HLE Glascoat's overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For HLE Glascoat (NSE:HLEGLAS), the current Debt-to-Equity is 0.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HLE Glascoat (NSE:HLEGLAS) Overvalued in 2026?
Based on GuruFocus' analysis, HLE Glascoat stock appears to be undervalued.
The current stock price of ₹379.60 is trading 39% below its estimated GF Value™ of ₹622.20.
GuruFocus considers HLE Glascoat to be Significantly Undervalued.
Key valuation signals for NSE:HLEGLAS:
Debt-to-Equity: 0.65 (18% below median its 10-year median of 0.79)
GF Value™: ₹622.20 vs. price of ₹379.60 (39% below fair value)
Industry Position: 132.1% above the Industrial Products median (#2024 of 2678)
No single metric tells the full story. See the NSE:HLEGLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HLE Glascoat Ltd is a process equipment manufacturer and a solution provider to the chemical and pharmaceutical industries. The company mainly manufactures filtration, glass-lined, and drying equipment. Its product portfolio comprises reactors, receivers, storage tanks, columns, agitators, agitated filters and dryers, rotary vacuum paddle dryers, other chemical process equipment, and related spares and accessories. The company's operating segments are: Filtration, drying and other equipment; Glass-lined equipment; and Heat transfer equipment. Maximum revenue is generated from its glass-lined equipment business. Geographically, the company generates maximum revenue from its business in India, and also exports its products to other markets.
92GF Score
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