Glass Wall Systems (India) Limited (GLASSWALL)
Snapshot
Glass Wall Systems (India) Limited closed at ₹244.63 on 4 Nov 2026. Data as of 4 Nov 2026.
Price
- Market Cap
- ₹2,151 Cr
OwnershipSep 2026
- Promoters
- 53.22%
- FIIs
- 1.93%
- DIIs
- 16.46%
Shareholding for the quarter ended September 2026; changes in percentage points.
Exchange activity4 Nov 2026
- Delivery
- 20.01% vs 21.65% average
- Volume vs its average
- 1.1×
- Bulk & block deals
- 184 in 60 days
Events
- Latest results
- Q2 FY27, filed 3 Nov 2026
- Board meeting filing
- 3 Nov 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
Glass Wall Systems (India) Limited reported Q2 FY27 results on 3 Nov 2026: revenue ₹131 Cr, and net profit ₹28.6 Cr; the operating margin was 28.5%.
| Q2 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹131 | — | +22.4% |
| Operating profit | ₹37.5 | — | +63.6% |
| Net profit | ₹28.6 | — | +65.4% |
| EPS (₹) | 3.35 | — | +64.2% |
| Operating margin | 28.5% | — | — |
Quality of profit: of pre-tax profit of ₹37.7 Cr, ₹35.3 Cr (94%) came from the core business and the rest from other income and one-off items.
Against management's guidance: FY27 EBITDA margin was guided at 23–25% (earnings call of 13 Oct 2026); H1 FY27 came in at 25.3%, on track.
Against management's guidance: FY27 PAT margin was guided at 18–20% (earnings call of 13 Oct 2026); H1 FY27 came in at 19.2%, on track.
Share price since the results: +6.0% (close before the filing to the latest close).
GLASSWALL delivery percentage and bulk deals
NSE end-of-day data for
On Wed, 4 Nov 2026, 20.01% of the GLASSWALL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 21.65%. That is close to its usual level. 184 bulk or block deals were reported in GLASSWALL in the last 60 days: ₹2,933 Cr bought and ₹2,943 Cr sold.
Delivery in the last 5 sessions: 24.9% · 36.7% · 21.1% · 31.1% · 20.0%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 8 Oct | Sell | Hrti Private Limited | ₹14.67 Cr | ₹265.13 | 553,333 | Bulk |
| 8 Oct | Buy | Hrti Private Limited | ₹13.70 Cr | ₹265.05 | 516,710 | Bulk |
| 8 Oct | Buy | Jump Trading Financial India Private Limited | ₹13.34 Cr | ₹266.77 | 499,884 | Bulk |
| 8 Oct | Sell | Qe Securities Llp | ₹13.29 Cr | ₹265.58 | 500,227 | Bulk |
| 8 Oct | Sell | Jump Trading Financial India Private Limited | ₹13.22 Cr | ₹265.35 | 498,121 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Glass Wall Systems (India) Limited submitted its Regulation 32 statement of deviation or variation for the quarter and half-year ended September 30, 2026. The company confirmed zero deviation or variation in the deployment of its ₹60 crore (₹600 million) fresh issue IPO proceeds allotted on September 11, 2026. The funds were raised primarily for funding capex for a Glass Processing Unit (GPU) backward integration project at Vile Bhagad, general corporate purposes, and offer expenses.
- ₹60 crore (₹600 million) raised via fresh issue in Public Issue
- Allotment of IPO shares was completed on 11/09/2026
- Zero deviation or variation reported for the quarter ended September 30, 2026
- Funds allocated towards setting up Glass Processing Unit (GPU) project at Vile Bhagad facility, general corporate purposes, and offer expenses
Glass Wall Systems released its Q2 and H1FY27 investor presentation, reporting consolidated Q2FY27 revenue of ₹131.5 crore, up 3.3% YoY, and PAT of ₹28.6 crore, up 31.2% YoY. EBITDA margins for Q2 expanded to 28.5% (adjusted 30.6% excluding ₹9 crore export freight), driven partly by escalation claims on receivables. For H1FY27, revenue rose 15.8% to ₹238.9 crore with PAT increasing 13.2% to ₹45.9 crore. The order book stood at ₹957 crore as of September 30, 2026, roughly twice its FY26 annual revenue of ₹457 crore, providing strong execution visibility.
- Q2FY27 consolidated revenue up 3.3% YoY to ₹131.5 crore; PAT rose 31.2% YoY to ₹28.6 crore
- EBITDA for Q2FY27 increased 32.3% YoY to ₹37.5 crore with an EBITDA margin of 28.5%
- Total order book stood at ₹957 crore as of September 30, 2026
- Domestic Façade business grew 33% YoY in H1FY27 to ₹140 crore, while International Façade de-grew 14% to ₹76 crore
- In-house Glass Processing Unit (GPU) commissioning targeted by August 2027, projected to expand EBITDA margins by 100-150 bps
Glass Wall Systems reported its consolidated Q2 FY27 results (quarter ended September 30, 2026), posting a 31.2% YoY increase in net profit to ₹28.61 crore (₹286.07 million) compared to ₹21.80 crore in Q2 FY26. Revenue from operations rose 3.3% YoY and 22.3% QoQ to ₹131.45 crore (₹1,314.54 million). Basic EPS for the quarter reached ₹3.35 versus ₹2.04 in the preceding quarter. The company also disclosed that out of ₹60.00 crore raised in its recent IPO fresh issue, ₹51.26 crore remains unutilised, primarily allocated for the backward integration capex at its Vile Bhagad facility.
- Consolidated revenue from operations grew 3.3% YoY to ₹131.45 crore (₹1,314.54 million)
- Consolidated PAT expanded 31.2% YoY and 65.4% QoQ to ₹28.61 crore (₹286.07 million)
- H1 FY27 consolidated net profit reached ₹45.90 crore on revenue of ₹238.90 crore
- ₹48.49 crore remains unutilised out of ₹50.00 crore earmarked for the Vile Bhagad Glass Processing Unit capex
- MVAT department filed a petition before the Bombay High Court on August 24, 2026, challenging an earlier tribunal order quashing ₹33.2 crore in tax demands
Glass Wall Systems (India) Limited has received two Letters of Intent (LOIs) from an Indian domestic customer on October 14, 2026. Both awards are classified as 'Regular Orders', meaning each contract has a value of up to ₹50 crore excluding taxes. The scope covers end-to-end façade work including design, engineering, manufacturing, procurement, and site installation in India. Execution is slated across a 24-month project delivery schedule from the effective date.
- Received 2 domestic Letters of Intent (LOI 1 and LOI 2) on October 14, 2026
- Both classified as Regular Orders, defined as up to INR 50 crore each
- Execution timeline is set at 24 Months from the order effective date
- Scope covers end-to-end façade design, engineering, manufacture, and site installation
Glass Wall Systems held its inaugural earnings conference call for Q1 FY27 post-listing, guiding for 20% to 25% top-line revenue CAGR alongside 23% to 25% EBITDA and 18% to 20% PAT margin expectations. The company reported domestic market share of 6% to 7% and holds the second-largest position among organized facade solution providers in India. Additionally, the in-house Glass Processing Unit (GPU) is slated for commissioning in ~8 months, which management expects will add 100-150 bps to the bottom line.
- Targets long-term revenue CAGR of 20% to 25% while maintaining a 2-year forward order book visibility
- Guides for steady-state margins of 23% to 25% EBITDA and 18% to 20% PAT
- In-house Glass Processing Unit (GPU) commissioning targeted within ~8 months, expected to expand bottom-line margin by 1% to 1.5%
- Domestic market share stands at 6% to 7%, ranking as the second-largest facade player in India
Glass Wall Systems (India) Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing covers the quarter ended September 30, 2026. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that securities received for dematerialisation during the period were processed, confirmed or rejected, and duly mutilated as required. This is a recurring administrative compliance filing with no impact on operations or financials.
- Compliance certificate filed for the quarter ended September 30, 2026
- Confirmation provided under Regulation 74(5) of SEBI Depositories Regulations, 2018
- Certificate issued by RTA MUFG Intime India Private Limited on October 3, 2026
Glass Wall Systems (India) Limited has made available the audio recording of its earnings call held on October 7, 2026, at 02:00 PM. The call discussed the unaudited financial results for the quarter ended June 30, 2026. For reference, the company reported revenue of Rs 107.45 crore and a net profit of Rs 17.30 crore during that quarter. This is a procedural disclosure under Regulation 30 of SEBI LODR Regulations.
- Earnings call conducted on October 7, 2026 at 02:00 PM
- Audio recording uploaded for the quarter ended June 30, 2026
- Company reported revenue of Rs 107.45 crore in Jun 2026 quarter
- Net profit stood at Rs 17.30 crore with EPS of Rs 2.04 in Jun 2026
Glass Wall Systems released its Q1FY27 investor presentation, reporting consolidated revenue from operations of ₹107.4 crore, up 35.8% YoY from ₹79.1 crore in Q1FY26. EBITDA grew 9.0% YoY to ₹22.9 crore, though EBITDA margins contracted from 26.6% to 21.3% due to higher employee costs and a lower share of high-margin international revenue. Consolidated PAT stood at ₹17.3 crore, down 7.7% YoY. The company reported a solid order book of ₹982 crore as of July 31, 2026, offering more than two years of revenue visibility based on FY26 revenue of ₹457 crore.
- Q1FY27 Revenue from operations rose 35.8% YoY to ₹107.4 crore compared to ₹79.1 crore in Q1FY26
- EBITDA increased 9.0% YoY to ₹22.9 crore, but EBITDA margins compressed by 530 bps to 21.3%
- Profit after tax fell 7.7% YoY to ₹17.3 crore (margin contracted to 16.1% from 23.7%)
- Total order book stood at ₹982 crore as of July 31, 2026
- Planned ₹50.0 crore capex funded via IPO net proceeds for an in-house Glass Processing Unit (GPU) at Vile Bhagad
Glass Wall Systems (India) Limited reported the outcome of its Board meeting held on October 6, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results are the first drawn up under SEBI Listing Regulations following its recent listing on September 16, 2026, which raised ₹600.00 Million via fresh issue alongside an offer for sale. The company also appointed Mr. Amit Jawahar Hemrajani as an Additional Non-Executive Director for 5 years and revised the remuneration of its CFO effective April 1, 2026. In addition, the Board noted a pending Maharashtra VAT/CST dispute of ₹332.06 Million challenged by tax authorities before the Bombay High Court.
- Completed IPO of 23,510,425 equity shares at ₹182 each, raising ₹600.00 Million in fresh issue and ₹3,678.90 Million via OFS; listed on September 16, 2026
- Appointed Amit Jawahar Hemrajani as Additional Non-Executive Director for a 5-year term starting October 6, 2026
- Maharashtra VAT and CST assessment demand of ₹312.13 Million and ₹19.93 Million quashed by MSTT challenged by the department in Bombay High Court on August 24, 2026
- Acquired 100% of Yes Systems Private Limited via share swap consideration of ₹1,549.96 Million
- Approved revised remuneration for Chief Financial Officer Sanjay Sawant effective April 1, 2026
Glass Wall Systems (India) Limited announced the resignation of Mr. Prakash Bagla from his position as Non-Executive Director, effective from the close of business hours on September 18, 2026. The resignation is attributed to pre-occupancy, with no other material reasons reported. Mr. Bagla holds no other directorships or board committee memberships in listed entities. This departure represents a standard board-level adjustment without direct financial implications.
- Resignation of Director Mr. Prakash Bagla effective close of business hours on September 18, 2026
- Reason cited for cessation is pre-occupancy with no other material reasons confirmed
- Director holds directorships and committee memberships in 0 other listed entities
Glass Wall Systems (India) Limited submitted an intimation under Regulation 7(1) of SEBI LODR Regulations, 2015 on September 17, 2026. The company confirmed that MUFG Intime India Private Limited has been appointed and continues to act as its Registrar & Share Transfer Agent (RTA). This filing is a purely administrative compliance disclosure with no operational or financial impact on the company.
- Intimation filed on September 17, 2026 under Regulation 7(1) of SEBI LODR Regulations
- MUFG Intime India Private Limited confirmed as the Registrar & Share Transfer Agent
- BSE Scrip Code: 544913 and NSE Symbol: GLASSWALL reported in the filing
Glass Wall Systems (India) Limited has informed the exchanges regarding the appointment of Sagar Lambole as Compliance Officer under Regulation 6(1) of SEBI LODR Regulations. His appointment took effect from August 3, 2026, and he continues in the role. Mr. Lambole is an Associate Member of the ICSI (Membership No. A45005) with approximately 9 years of professional experience in the secretarial and compliance sector.
- Appointment of Sagar Lambole as Compliance Officer effective August 3, 2026
- Appointed official holds ICSI Membership No. A45005
- Candidate brings approximately 9 years of experience in corporate legal compliances
- Filing submitted under Regulation 6(1) of SEBI LODR Regulations
Glass Wall Systems (India) Limited has announced the closure of its trading window effective September 17, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations. The closure applies to all Designated Persons and their immediate relatives. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The exact date of the board meeting to consider these results will be intimated separately.
- Trading window closure takes effect from September 17, 2026
- Pertains to unaudited financial results for the quarter ended June 30, 2026
- Trading window will reopen 48 hours after the declaration of financial results
- Board meeting date to declare results will be intimated in due course
Company profile
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