HRS Aluglaze Ltd (HRS) · mywealthgrid

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About

HRS Aluglaze Ltd manufactures industrial products in the Industrials sector and trades on the BSE. With a market cap of ₹482.02 Cr, the company operates at mid-scale with operating margins of 25.41%, indicating efficiency in its cost base relative to revenue.

Face value: ₹10

Market cap

₹506 Cr

P/E

49.5×

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

26.6%

EPS (TTM)

₹5.3

Book value

—

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

PE of 93.6 significantly exceeds typical valuations for industrial manufacturing; verify whether earnings growth justifies the multiple
D/E ratio of 1.92 indicates high financial leverage; assess whether the 34.2% ROE is sustainable or dependent on financial amplification
Institutional confidence: FII holdings fell from 4.78% to 2.71% and DII from 8.12% to 2.71% between Sept 2025 and Mar 2026; verify reasoning for outflow
Sector dependency: industrial products profitability is sensitive to input costs and demand cycles; verify order visibility and competitive positioning

Generated analysis · source review pending

Growth drivers

OPM of 25.41% provides operational efficiency; verify whether margins can sustain or expand as the company scales
ROE of 34.2% shows capital productivity; verify whether this is driven by operational or financial leverage and if sustainable
52-week stock appreciation from ₹132.3 to ₹291.1 (120% gain) reflects market momentum; verify whether fundamentals or valuation expansion is driving the move
Market cap of ₹482.02 Cr is relatively modest; verify total addressable market and current market share to assess growth potential

Generated analysis · source review pending

190 historical price candles were omitted because the exchange source has not been verified.

₹262.0+1.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 21.5% (3-yr avg)
+Healthy operating margin of 26.6%
+Profit CAGR of 127.3% over the last 3 years
+Revenue CAGR of 44.1% over the last 3 years
+High promoter holding of 72.5% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 55
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	23	27	42	68
COGS	—	—	—	32
Gross profit	—	—	—	36
	21	23	31	18
Operating profit (EBITDA)	2	4	11	18
OPM %	7.7%	13.2%	25.4%	26.6%
Depreciation	0	0	1	2
Interest	1	1	3	3
	0	0	0	0
Profit before tax	1	2	7	14
Tax	0	1	2	4
Tax %	28.9%	25.8%	25%	25.7%
	1	2	5	10
PAT margin %	3.9%	6.7%	12.2%	15.1%
EPS (₹)	1.8	1.3	3.8	6.6

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	—
Reserves	2	3	13	—
	18	24	39	—
	8	8	22	137
Total equity & liabilities	34	42	81	137
	3	27	46	45
CWIP	14	0	0	—
Investments	4	1	0	8
	13	14	34	83
Total assets	34	42	81	137

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	1	3	-11
	-17	-7	-20	-32
	19	5	17	43
Net cash flow	—	—	—	-0
Free cash flow	—	—	—	-36
CFO / Operating profit %	-119%	41.4%	27%	-61.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 44%
1 year: 60%

Compounded profit growth

7 years: —
5 years: —
3 years: 127%
1 year: 98%

Return on equity

7 years: —
5 years: —
3 years: 18%
Last year: 26%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	52.9%
EBITDA margin %	7.7%	13.2%	25.4%	26.6%
EBIT margin %	7.3%	12.6%	22.2%	23.8%
PAT margin %	3.9%	6.7%	12.2%	15.1%
Working capital
Receivable days	48	62	114	—
Inventory days	56	88	181	398
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	—	—	—	1.82
Debt to EBITDA	10.29	6.9	3.61	—
Debt to equity	2.18	2.44	1.92	—
Interest coverage	3.1	3	3.7	6.3
Asset turnover	0.66	0.63	0.52	0.49
Return ratios
Return on assets %	2.6%	4.2%	6.4%	7.5%
Return on capital employed %	5.8%	10.6%	17.2%	19%
Return on equity %	10.6%	17.9%	25.6%	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Mar 2026
	72.49%	72.49%
	4.78%	2.71%
	8.12%	2.71%
Government	0%	0%
	14.61%	22.09%
No. of shareholders	995	292

Promoter holding up 0 percentage points since Sep 2025.

5 deals · 10 Sept 2026 – 30 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Sept 2026	MEET RAJENDRAKUMAR PATEL	Bulk	BSE	Sell	3,09,200	₹262.00	₹8.10 Cr
30 Sept 2026	VAXFAB ENTERPRISES LIMITED	Bulk	BSE	Buy	2,50,000	₹261.55	₹6.54 Cr
30 Sept 2026	JAGID VANITABEN RAJENDRAPRASAD	Bulk	BSE	Sell	2,50,000	₹261.55	₹6.54 Cr
30 Sept 2026	JAGID VANITABEN RAJENDRAPRASAD	Bulk	BSE	Buy	2,50,000	₹262.00	₹6.55 Cr
10 Sept 2026	VAXFAB ENTERPRISES LIMITED	Bulk	BSE	Sell	1,12,400	₹264.79	₹2.98 Cr

1–5 of 5

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Rupesh Pravinbhai ShahManaging Director & Chairman
Pinky Rupesh ShahExecutive Director
Hrishikesh Rupesh ShahExecutive Director
Shail Jayesh ShahNon-Executive Independent Director
Heta Hiren ShahNon-Executive Independent Director
Niki Nitin ThakkarNon-Executive Independent Director
Ms. Preeti JaiswarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in HRS Aluglaze Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

No events on record

Corporate actions, results dates and filings will appear here once ingested.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

3 Sept 2026, 7:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

3 Sept 2026, 7:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

3 Sept 2026, 7:34 pmOthers

Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of HRS Aluglaze Limited

Outcome without intimation PDF

Date	Category	Subject	Filing
3 Sept 2026, 7:44 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
3 Sept 2026, 7:37 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

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HRS Aluglaze Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

No events on record

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

No events on record

Announcements

Offer and rights documents

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity