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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
₹127.75 0.85 (0.67%)
As on 18-Aug'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
₹127.75 0.85 (0.67%)
As on 18-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹682 Cr.
Current Price
₹127.8
52-Week Low / High
₹70 / 137
TTM EPS
₹4.4
TTM Sales
₹487 Cr.
Book Value per Share
₹43.2
P/E Ratio
28.98
Lower than its 5-year historical median
Industry PE
36.7
Price to Book (P/B)
2.94
Higher than its 5-year historical median
Price to Sales (P/S)
1.40
In line with its 5-year historical median
EV/EBITDA
10.24
Lower than its 5-year historical median
Dividend Yield
0.55%
Profitability Efficiency
Return on Equity (ROE)
8.39%
Outperforms industry median
Return on Capital Employed (ROCE)
11.50%
Outperforms industry median
Return on Assets (ROA)
3.72%
Operating Profit Margin
13.5%
Net Profit Margin
3.95%
Gross Profit Margin
12.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.51%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.22%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
41.25%
Asset Quality
Promoter Holding
59.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹227 Cr.
Equity
₹5.4 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 188.90
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Haldyn Glass Ltd a good quality company?
Haldyn Glass Ltd is a average quality company, based on a somewhat consistent 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?
Revenue growth of Haldyn Glass Ltd vs industry peers?
Haldyn Glass Ltd revenue CAGR is 21.12%, compared to the industry median CAGR of 6.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Haldyn Glass Ltd?
Promoters hold 59.14% of the Haldyn Glass Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Haldyn Glass Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.8% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14% | 5.6% | 10.9% | 10.5% | 9.3% | 8.3% | 13.4% | 13.4% | 9.9% | 11.5% | - |
| Value Creation Index ⓘ | -0 | -0.6 | -0.2 | -0.3 | -0.3 | -0.4 | 0.0 | -0.1 | -0.3 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 172 | 166 | 223 | 229 | 178 | 213 | 320 | 299 | 382 | 464 | 487 |
| Sales YoY Gr. | - | -3.5% | 34.2% | 2.9% | -22.4% | 19.6% | 50.4% | -6.6% | 27.7% | 21.5% | - |
| Adj EPS ⓘ | 2.1 | 1.2 | 2.4 | 2 | 1.6 | 1.9 | 3.4 | 2.4 | 2.3 | 3.5 | 4.4 |
| YoY Gr. | - | -42% | 99.2% | -14.6% | -19.6% | 15.9% | 80.5% | -30% | -2.9% | 51.1% | - |
| BVPS (₹) ⓘ | 25 | 25.6 | 27.5 | 28.9 | 30.3 | 31.9 | 34.9 | 37.9 | 39.7 | 41.5 | 43.2 |
| Adj Net Profit ⓘ | 11.1 | 6.5 | 12.8 | 11 | 8.8 | 10.2 | 18.4 | 12.9 | 12.5 | 18.9 | 24 |
| Cash Flow from Ops. ⓘ | 21.6 | 16.2 | 13.2 | 18 | 24.6 | 10.1 | 30.4 | 19.3 | 44.4 | 62.3 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0.2 | 0.6 | 0.1 | 0.1 | 0.7 | 1.4 | 6.2 | 2.9 | 1.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.6% | 21.1% | 13.2% | 21.5% | ||||
| Adj EPS ⓘ | 6.1% | 16.5% | 0.9% | 51.1% | ||||
| BVPSⓘ | 5.8% | 6.5% | 6% | 4.6% | ||||
| Share Price | 17.1% | 28.2% | 9.1% | 16.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.7 | 4.8 | 9 | 7.2 | 5.6 | 6.1 | 10.3 | 6.6 | 6 | 8.6 | 10.3 |
| Op. Profit Mgn % ⓘ | 15.9 | 8.1 | 11.5 | 12.1 | 11.6 | 7.7 | 9.6 | 11.2 | 14.1 | 13.5 | 13.7 |
| Net Profit Mgn % ⓘ | 6.5 | 3.9 | 5.8 | 4.8 | 5 | 4.8 | 5.8 | 4.3 | 3.3 | 4.1 | 4.8 |
| Debt to Equity ⓘ | 0 | 0 | 0.1 | 0 | 0 | 0 | 0.2 | 0.6 | 0.6 | 0.5 | - |
| Working Cap Days ⓘ | 130 | 149 | 123 | 132 | 175 | 158 | 130 | 168 | 152 | 138 | 73 |
| Cash Conv. Cycle ⓘ | 93 | 109 | 88 | 92 | 117 | 101 | 62 | 72 | 74 | 61 | -0 |
Valuation of Haldyn Glass - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 166 | 223 | 229 | 178 | 213 | 320 | 299 | 382 | 464 |
| Operating Expenses ⓘ + | 145 | 153 | 199 | 204 | 157 | 196 | 289 | 265 | 328 | 402 |
| Operating Profit ⓘ | 27 | 14 | 24 | 25 | 20 | 16 | 31 | 34 | 54 | 62 |
| Operating Profit Margin (%) | 15.8% | 8.1% | 10.8% | 11.1% | 11.5% | 7.6% | 9.6% | 11.2% | 14.1% | 13.3% |
| Other Income ⓘ + | 3 | 5 | 3 | 4 | 5 | 5 | 4 | 22 | 8 | 10 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 11 | 16 | 14 |
| Depreciation ⓘ | 11 | 11 | 11 | 13 | 10 | 7 | 8 | 19 | 29 | 30 |
| Profit Before Tax ⓘ | 18 | 7 | 16 | 15 | 14 | 14 | 26 | 27 | 17 | 25 |
| Tax ⓘ | 6 | 1 | 4 | 5 | 4 | 3 | 6 | 8 | 4 | 7 |
| Profit After Tax | 11 | 6 | 12 | 11 | 10 | 11 | 20 | 19 | 13 | 18 |
| PAT Margin (%) | 6.5% | 3.9% | 5.4% | 4.6% | 5.6% | 5.1% | 6.2% | 6.3% | 3.4% | 4.0% |
| Adjusted EPS (₹) | 2.1 | 1.2 | 2.3 | 2.0 | 1.9 | 2.0 | 3.7 | 3.5 | 2.4 | 3.4 |
| Dividend Payout Ratio (%) | 26.30% | 24.90% | 26.60% | 30.70% | 32.20% | 29.70% | 19.10% | 20.10% | 29% | 20.50% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 134 | 137 | 148 | 155 | 163 | 171 | 187 | 204 | 213 | 223 | |
| Debt + | 1 | 3 | 7 | 1 | 3 | 7 | 42 | 113 | 105 | 93 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 7 | 11 | 12 | 15 | 16 | 21 | 27 | 39 | 49 | 60 | |
| Others Liabilities ⓘ | 28 | 22 | 21 | 18 | 23 | 19 | 23 | 99 | 122 | 121 | |
| Total Liabilities ⓘ | 170 | 173 | 189 | 190 | 205 | 218 | 280 | 454 | 489 | 497 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 75 | 66 | 59 | 50 | 45 | 45 | 57 | 240 | 257 | 251 | |
| CWIP ⓘ | 1 | 1 | 0 | 0 | 0 | 1 | 23 | 9 | 1 | 2 | |
| Investments ⓘ | 22 | 32 | 36 | 35 | 36 | 47 | 46 | 48 | 49 | 54 | |
| Inventories | 32 | 26 | 23 | 19 | 27 | 31 | 21 | 42 | 73 | 67 | |
| Trade Receivables | 29 | 35 | 50 | 54 | 46 | 53 | 59 | 64 | 66 | 73 | |
| Cash Equivalents | 3 | 5 | 12 | 18 | 38 | 26 | 25 | 11 | 11 | 11 | |
| Others Assets ⓘ | 8 | 9 | 8 | 12 | 12 | 15 | 48 | 40 | 32 | 40 | |
| Total Assets ⓘ | 170 | 173 | 189 | 190 | 205 | 218 | 280 | 454 | 489 | 497 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 22 | 16 | 13 | 18 | 25 | 10 | 30 | 19 | 44 | 62 |
| Cash Flow From Investing Activity ⓘ + | -2 | -12 | -8 | -2 | -3 | -12 | -58 | -86 | -34 | -34 |
| Cash Flow From Financing Activity ⓘ + | -21 | -3 | 3 | -10 | -2 | -1 | 30 | 65 | -10 | -30 |
| Net Cash Flow ⓘ | -1 | 2 | 7 | 6 | 20 | -3 | 2 | -2 | 0 | -1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.92 | 4.76 | 8.5 | 6.94 | 6.3 | 6.5 | 10.98 | 9.58 | 6.21 | 8.39 |
| ROCE (%) | 13.96 | 5.59 | 10.92 | 10.5 | 9.31 | 8.27 | 13.42 | 13.36 | 9.88 | 11.5 |
| Asset Turnover Ratio | 1.09 | 0.99 | 1.23 | 1.21 | 0.9 | 1.01 | 1.29 | 0.81 | 0.81 | 0.94 |
| PAT to CFO Conversion(x) | 2 | 2.67 | 1.08 | 1.64 | 2.5 | 0.91 | 1.5 | 1 | 3.38 | 3.44 |
| Working Capital Days | ||||||||||
| Receivable Days | 54.20 | 68.70 | 69.60 | 83.30 | 102.70 | 84.90 | 64.10 | 75.30 | 62.20 | 54.60 |
| Inventory Days | 60 | 62 | 39.60 | 33 | 47.40 | 49.70 | 29.60 | 38.80 | 55.10 | 55 |
| Payable Days | 58.30 | 55.90 | 56.30 | 60.50 | 113.10 | 107 | 85.30 | 187.50 | 201.60 | 158 |
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Haldyn Glass Ltd FAQs
The current trading price of Haldyn Glass on 18-Aug-2026 16:59 is ₹127.8.
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 17-Aug-2026 the market cap of Haldyn Glass stood at ₹682.1 Cr
The latest P/E ratio of Haldyn Glass as of 17-Aug-2026 is 28.98.
The latest P/B ratio of Haldyn Glass as of 17-Aug-2026 is 2.94.
The 52-week high of Haldyn Glass is ₹137.4 and the 52-week low is ₹70.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Haldyn Glass is ₹487 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Haldyn Glass Ltd is a 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 Semi Strong which suggest that the price of Haldyn Glass Ltd is likely to Rise-somewhat 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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