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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. HLE Glascoat's Revenue for the
three
months ended in Mar. 2026 was ₹3,917 Mil. HLE Glascoat's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹2,699 Mil.
Hence, HLE Glascoat's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.45.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
HLE Glascoat Receivables Turnover Related Terms
HLE Glascoat Receivables Turnover Historical Data
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The historical data trend for HLE Glascoat's Receivables Turnover 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: Receivables Turnover Comparison
For the Specialty Industrial Machinery subindustry, HLE Glascoat's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HLE Glascoat's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HLE Glascoat's Receivables Turnover 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 Receivables Turnover of 1.45 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on HLE Glascoat and its competitors. According to the industry distribution chart, HLE Glascoat ranks #1019 out of 3031 companies in the Industrial Products industry, placing it in the top 33.6%.
Is HLE Glascoat's Receivables Turnover too high?
HLE Glascoat's current Receivables Turnover is 1.45. The Industrial Products industry median Receivables Turnover is 4.49. HLE Glascoat's value of 1.45 is 67.7% below this industry median. Based on the distribution chart, HLE Glascoat ranks #1019 out of 3031 companies in the Industrial Products industry, which is above the industry midpoint. 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 Receivables Turnover compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLE Glascoat ranks #1019 out of 3031 companies for Receivables Turnover. This puts HLE Glascoat in the upper half of its industry. The industry median Receivables Turnover is 4.49. HLE Glascoat's value of 1.45 is 67.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.49, based on 3,031 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HLE Glascoat's current Receivables Turnover of 1.45 is 67.7% below 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 Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on HLE Glascoat and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLE Glascoat's current Receivables Turnover is 1.45. 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 Receivables Turnover is 1.45 and 67.7% below the Industrial Products industry median of 4.49. 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 Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For HLE Glascoat (NSE:HLEGLAS), the current Receivables Turnover is 1.45 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:
Receivables Turnover: 1.45
GF Value™: ₹622.20 vs. price of ₹379.60 (39% below fair value)
Industry Position: 67.7% below the Industrial Products median (#1019 of 3031)
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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