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Haldyn Glass Ltd (HALDYNGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515147 NSE: HALDYNGL Glass | Small Cap | Haldyn Glass Share Price

₹110.50 -1.80 (-1.60%)

As on 04-Jun'26 16:59

Haldyn Glass Ltd (HALDYNGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515147 NSE: HALDYNGL Glass | Small Cap | Haldyn Glass Share Price

₹110.50 -1.80 (-1.60%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹594 Cr.
Current Price
₹110.5
52-Week Low / High
₹70 / 155
TTM EPS
₹3.4
TTM Sales
₹464 Cr.
Book Value per Share
₹42.1
P/E Ratio
32.42
Higher than its 5-year historical median
Industry PE
65.4
Price to Book (P/B)
2.63
Higher than its 5-year historical median
Price to Sales (P/S)
1.28
In line with its 5-year historical median
EV/EBITDA
9.85
Lower than its 5-year historical median
Dividend Yield
0.79%
Profitability Efficiency
Return on Equity (ROE)
6.21%
Underperforms industry median
Return on Capital Employed (ROCE)
9.88%
In line with industry median
Return on Assets (ROA)
2.75%
Operating Profit Margin
14.1%
Net Profit Margin
3.4%
Gross Profit Margin
12%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
27.72%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
60.99%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.86%
Asset Quality
Promoter Holding
59.01%
Pledged shares (%) of Promoter's holding (%)
0.06%
Reserves
₹221 Cr.
Equity
₹5.4 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 188.90

Haldyn Glass stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is Haldyn Glass Ltd a good quality company?
Haldyn Glass Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Haldyn Glass Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Haldyn Glass Ltd vs industry peers?
Haldyn Glass Ltd revenue CAGR is 10.72%, compared to the industry median CAGR of 4.17%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Haldyn Glass Ltd?
Promoters hold 59.01% of the Haldyn Glass Ltd, with 0.06% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Haldyn Glass Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Haldyn Glass Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.5%14%5.6%10.9%10.5%9.3%8.3%13.4%13.4%9.9%-
Value Creation
Index
-0.3-0-0.6-0.2-0.3-0.3-0.40.0-0.1-0.3-

Growth Parameters

Sales 141172166223229178213320299382464
Sales YoY Gr.-22.4%-3.5%34.2%2.9%-22.4%19.6%50.4%-6.6%27.7%-
Adj EPS 1.42.11.22.421.61.93.42.42.33.4
YoY Gr.-50%-42%99.2%-14.6%-19.6%15.9%80.5%-30%-2.9%-
BVPS (₹) 222525.627.528.930.331.934.937.939.742.1
Adj Net
Profit
7.411.16.512.8118.810.218.412.912.518
Cash Flow from Ops. 14.121.616.213.21824.610.130.419.344.4-
Debt/CF from Ops. 1.30.10.20.60.10.10.71.46.22.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.7%10.7%21.5%27.7%
Adj EPS 6%2.7%7%-2.9%
BVPS6.8%6.6%7.6%4.6%
Share Price 14.9% 21.2% 14.8% 8.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.38.74.897.25.66.110.36.668.3
Op. Profit
Mgn %
12.615.98.111.512.111.67.79.611.214.113.3
Net Profit
Mgn %
5.36.53.95.84.854.85.84.33.34
Debt to
Equity
0.2000.10000.20.60.60.3
Working Cap
Days
14513014912313217515813016815273
Cash Conv.
Cycle
92931098892117101627274-0

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales141172166223229178213320299382
Operating Expenses + 124145153199204157196289265328
Manufacturing Costs61626186857492129132167
Material Costs405558758149631036579
Employee Cost 14131614161625283443
Other Costs 9151823221717293438
Operating Profit 17271424252016313454
Operating Profit Margin (%) 11.8%15.8%8.1%10.8%11.1%11.5%7.6%9.6%11.2%14.1%
Other Income + 33534554228
Exceptional Items 0000000000
Interest 111111121116
Depreciation 81111111310781929
Profit Before Tax 1118716151414262717
Tax 4614543684
Profit After Tax 711612111011201913
PAT Margin (%) 4.7%6.5%3.9%5.4%4.6%5.6%5.1%6.2%6.3%3.4%
Adjusted EPS (₹)1.22.11.22.32.01.92.03.73.52.4
Dividend Payout Ratio (%)40.30%26.30%24.90%26.60%30.70%32.20%29.70%19.10%20.10%29%

Valuation of Haldyn Glass - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 120134137148155163171187204213
Share Capital 5555555555
Reserves 115129132143150158166182199208
Debt +1813713742113105
Long Term Debt0000000266769
Short Term Debt18137137164636
Minority Interest0000000000
Trade Payables1171112151621273949
Others Liabilities 272822211823192399122
Total Liabilities 176170173189190205218280454489

Fixed Assets

Net Fixed Assets +8475665950454557240257
Gross Block162858889909398117294339
Accumulated Depreciation78102130404853605482
CWIP 11100012391
Investments 20223236353647464849
Inventories30322623192731214273
Trade Receivables27293550544653596466
Cash Equivalents 43512183826251111
Others Assets 9898121215484032
Total Assets 176170173189190205218280454489

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 14221613182510301944
PBT 1118716151414262717
Adjustment 711111210979240
Changes in Working Capital -1-42-1028-52-7-13
Tax Paid -3-3-4-5-9-6-5-6-21
Cash Flow From Investing Activity + -48-2-12-8-2-3-12-58-86-34
Capex -31-2-3-4-5-5-8-63-104-38
Net Investments -20-0-10-420-54173
Others 3000111112
Cash Flow From Financing Activity + 9-21-33-10-2-13065-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0-00-0-00274717
Interest Paid -1-1-0-0-1-0-0-1-8-12
Dividend Paid -4-3-3-2-3-3-3-3-4-4
Others 14-1714-723729-12
Net Cash Flow -25-127620-32-20

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)5.738.924.768.56.946.36.510.989.586.21
ROCE (%)9.5413.965.5910.9210.59.318.2713.4213.369.88
Asset Turnover Ratio0.961.090.991.231.210.91.011.290.810.81
PAT to CFO Conversion(x)222.671.081.642.50.911.513.38
Working Capital Days
Receivable Days61.2054.2068.7069.6083.30102.7084.9064.1075.3062.20
Inventory Days59.80606239.603347.4049.7029.6038.8055.10
Payable Days94.4058.3055.9056.3060.50113.1010785.30187.50201.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.06
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Haldyn Glass Ltd FAQs

The current trading price of Haldyn Glass on 04-Jun-2026 16:59 is ₹110.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Haldyn Glass stood at ₹594.0 Cr

The latest P/E ratio of Haldyn Glass as of 03-Jun-2026 is 32.42.

The latest P/B ratio of Haldyn Glass as of 03-Jun-2026 is 2.63.

The 52-week high of Haldyn Glass is ₹154.7 and the 52-week low is ₹70.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Haldyn Glass is ₹464 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Haldyn Glass Ltd is a below average quality company.

The key valuation ratios of Haldyn Glass Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Haldyn Glass Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Haldyn Glass Ltd

Haldyn Glass Gujarat Ltd. (HGGL), an associate company within the Haldyn group is located at village Gavasad, Dist. Baroda, Gujarat, India. It began commercial production in the year 1995 and is dedicated to mass production of Clear Glass Containers with a furnace capacity of 160 TPD. This modern plant is equipped with an automatic batch house, feedback temperature control system for forehearths, high speed IS (Individual Section) machines, well equipped design department and mould workshop.

The vision of achieving product reliability, customer satisfaction and getting onto the platform of global competitiveness came true, when Company started manufacturing the products in-line with ISO Quality Standards. HGGL achieved its milestone when it was awarded an ISO-9001:2000 Certification by TUV Suddeutschland. HGGL was also awarded ISO 14001 recently 

The company possesses a blend of glass technologists, technical personnels and other profssionals whose dedicated team work has led to the growth of the Company. HGGL is one of the major players in Clear Glass container manufacturing segment in India. It has the most coveted clientele belonging to the Liquor Industry. HGGL also caters to Cosmetic, Food and Pharmaceutical industries. 

Product range of the company includes: Glass Containers

  • Clear
  • Liquor
  • Cosmetics
  • Food & Beverages

Vials- Pharmaceutical industry use these Clear glass Vials of various shapes and sizes to package injectibles, eye-drops, ear-drops and other life saving drugs.

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