HRS Aluglaze Limited is a specialised aluminium fabrication, façade, glazing, and architectural solutions company offering windows, doors, curtain walls, cladding, and complete façade systems for residential, commercial, institutional, and industrial clients. The company earns revenue primarily from façade contracting, glazing works, aluminium fabrication, and project execution services delivered pan-India. Their products are used in real estate projects, commercial buildings, hospitals, industrial structures, and high-rise residential towers. With rising demand for premium fenestration solutions, the company delivers both standard and fully customised architectural systems.

The Company is led by Promoter, i.e., RUPESH PRAVINBHAI SHAH, PINKY RUPESH SHAH AND HRISHIKESH RUPESH SHAH

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹2,634.95 Lakh, ₹4,214.46 Lakh, â‚¹2,697.37 Lakh, and ₹2,268.84 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 844.70 Lakh, ₹1,070.47 Lakh, ₹353.38 Lakh, and ₹174.82 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹453.73 Lakh, ₹514.64 Lakh, â‚¹178.65 Lakh, and ₹86.81 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹3.76 and post-issue EPS of ₹2.67 for FY25. The pre-issue P/E ratio is 25.53x,while the post-issue P/E ratio is 35.97x against the Industry P/E ratio is 56.12x The company's ROE for FY25 is 34.24% and RoNW is 34.24% The Annualised EPS is ₹4.71x and P/E is 20.40x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of HRS Aluglaze showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the HRS Aluglaze Limited IPO for Listing gain or Long Term Purposes.