GMM Pfaudler vs HLE Glascoat: Share Price, PE, ROE Compared

GMM Pfaudler MCap Rs 4,468 Cr, PE 68.25x, ROE 6.34%, D/E 0.86. HLE Glascoat MCap Rs 3,297 Cr, PE 58.31x, ROE 9.26%, D/E 0.65.

Updated: 12 Aug 2026 • 3:57 pm

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GMM Pfaudler vs HLE Glascoat: Share Price, PE, ROE Compared

GMM Pfaudler vs HLE Glascoat is a comparison chemical equipment investors look up when evaluating two listed Indian companies in the glass-lined equipment manufacturing segment. GMM Pfaudler, an Ahmedabad-based company (Pfaudler group JV), makes glass-lined reactors, pressure vessels and process equipment for pharmaceutical, chemical and food industries. HLE Glascoat (formerly Swiss Glascoat Equipments), an Anand-based company, makes glass-lined reactors, process equipment and storage tanks. Both GMM Pfaudler and HLE Glascoat compete in the same niche segment – they make virtually identical products for the same customers. The GMM Pfaudler versus HLE Glascoat comparison is one of the most direct head-to-head sector comparisons in B28.

This GMM Pfaudler vs HLE Glascoat article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

Reach and Market Position

In this GMM Pfaudler vs HLE Glascoat comparison, GMM Pfaudler supplies glass-lined reactors, pressure vessels and process equipment to pharmaceutical, chemical and agrochemical companies globally. Market capitalisation is Rs 4,468 Cr.

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HLE Glascoat supplies glass-lined reactors, mixing vessels and storage tanks to pharmaceutical, fine chemical and dye intermediate companies. Market capitalisation is Rs 3,297 Cr.

Key Products and Business Mix

For the GMM Pfaudler vs HLE Glascoat product breakdown, GMM Pfaudler: GMM Pfaudler earns from glass-lined equipment manufacturing and after-market services. EPS is Rs 14.56. PE is 68.25x, ROE 6.34 percent, D/E 0.86.

HLE Glascoat: HLE Glascoat earns from glass-lined reactor manufacturing. EPS is Rs 8.14. PE is 58.31x, ROE 9.26 percent, D/E 0.65.

Latest Results and Financial Data

On the GMM Pfaudler vs HLE Glascoat results front: GMM Pfaudler has a market cap of Rs 4,468 Cr and PE of 68.25x. ROE is 6.34 percent. GMM is 1.35 times larger than HLE Glascoat – a very close size match.

HLE Glascoat has a market cap of Rs 3,297 Cr and PE of 58.31x. ROE is 9.26 percent – higher than GMM Pfaudler. HLE is cheaper on PE with higher ROE.

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Stock Performance and Valuation

Investors tracking the GMM Pfaudler vs HLE Glascoat comparison should verify current prices on NSE or BSE before trading. The GMM Pfaudler vs HLE Glascoat stock data below reflects the latest available figures from Groww and public company filings.

GMM Pfaudler versus HLE Glascoat: GMM (PE 68.25x, ROE 6.34%) vs HLE Glascoat (PE 58.31x, ROE 9.26%). Comparing GMM Pfaudler and HLE Glascoat, HLE appears more attractively valued with higher ROE and lower PE – though the difference is not dramatic.

GMM Pfaudler vs HLE Glascoat: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	GMM Pfaudler	HLE Glascoat
Sector	Glass-lined reactors + process equipment + after-market (Pfaudler JV, Ahmedabad)	Glass-lined reactors + mixing vessels + tanks (formerly Swiss Glascoat, Anand)
Market Cap	Rs 4,468 Cr	Rs 3,297 Cr (near-equal)
P/E Ratio	68.25x	58.31x (cheaper)
ROE	6.34%	9.26% (higher)
Debt to Equity	0.86	0.65
After-market Services	Strong (global Pfaudler service network)	Growing (domestic focus)
Dividend Yield	0.20%	0.23%

Conclusion

The GMM Pfaudler vs HLE Glascoat comparison above covers reach, products, results and valuation. GMM Pfaudler versus HLE Glascoat covers two Indian glass-lined reactor manufacturers competing in the same niche. HLE Glascoat has higher ROE and lower PE than GMM Pfaudler. GMM has global service scale through Pfaudler. The GMM Pfaudler and HLE Glascoat comparison is one of the most direct sector comparisons in B28. Both serve pharma and chemical industries. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What is a glass-lined reactor?

Ans. A glass-lined reactor is a steel vessel with a chemically inert glass coating on the inside. The glass lining prevents corrosion from acidic/alkaline reactions. Glass-lined reactors are essential in pharmaceutical and fine chemical manufacturing.

What does GMM Pfaudler make?

Ans. GMM Pfaudler makes glass-lined reactors, pressure vessels, filtration/drying equipment, heat exchangers and provides after-market services for glass lining repair and replacement.

What does HLE Glascoat make?

Ans. HLE Glascoat manufactures glass-lined reactors, mixing vessels, storage tanks and process equipment for pharmaceutical and chemical companies.

What is the difference between GMM Pfaudler and HLE Glascoat?

Ans. Both make virtually identical products. GMM Pfaudler has global Pfaudler technology and a more extensive after-market service network. HLE Glascoat is an independent company focused on Indian and export markets.