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GLEN Industries Ltd (544444)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544444 NSE: Packaging | Small Cap | GLEN Industries Share Price

₹69.65 2.74 (4.10%)

As on 05-Jun'26 16:59

GLEN Industries Ltd (544444)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544444 NSE: Packaging | Small Cap | GLEN Industries Share Price

₹69.65 2.74 (4.10%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹168 Cr.
Current Price
₹69.7
52-Week Low / High
₹58 / 165
TTM EPS
₹6.9
TTM Sales
₹203 Cr.
Book Value per Share
₹45.4
P/E Ratio
10.08
In line with its 5-year historical median
Industry PE
19.2
Price to Book (P/B)
1.53
Lower than its 5-year historical median
Price to Sales (P/S)
0.82
Lower than its 5-year historical median
EV/EBITDA
7.60
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
49.28%
Outperforms industry median
Return on Capital Employed (ROCE)
22.42%
Outperforms industry median
Return on Assets (ROA)
9.78%
Operating Profit Margin
23.7%
Net Profit Margin
10.72%
Gross Profit Margin
18.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
18.1%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
64.24%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
113.17%
Asset Quality
Promoter Holding
73.31%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹85 Cr.
Equity
₹24.1 Cr.
Face Value
₹10
All Time Low / High
₹58.00 / 164.85

GLEN Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is GLEN Industries Ltd a good quality company?
GLEN Industries 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 GLEN Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of GLEN Industries Ltd vs industry peers?
GLEN Industries Ltd revenue CAGR is 22.06%, compared to the industry median CAGR of 6.79%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of GLEN Industries Ltd?
Promoters hold 73.31% of the GLEN Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Valuation ratios of GLEN Industries Ltd vs historical?
The current P/E ratio of 9.23 is lower than its historical median of 10.38, indicating that the stock is trading below its historical average valuation.

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.
GLEN Industries 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'22Mar'23Mar'24Mar'25TTM
ROCE % 9.4%7.3%16.6%22.4%-
Value Creation
Index
-0.3-0.50.20.6-

Growth Parameters

Sales 93.9119145171203
Sales YoY Gr.-26.6%21.6%18.1%-
Adj EPS 1.22.14.810.46.9
YoY Gr.-69.7%132.4%115.2%-
BVPS (₹) 10.71115.926.345.4
Adj Net
Profit
2.23.68.418.217
Cash Flow from Ops. -13.611.313.55.1-
Debt/CF from Ops. -5.37.26.625.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA22.1%18.1%
Adj EPS NANA104%115.2%
BVPSNANA34.9%65.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.112.220.835.219.3
Op. Profit
Mgn %
11.614.31723.7NAN
Net Profit
Mgn %
2.33.15.810.78.2
Debt to
Equity
3.13.42.72.9-
Working Cap
Days
01841761960
Cash Conv.
Cycle
01281241470

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales94119145171
Operating Expenses + 83103120130
Manufacturing Costs10121923
Material Costs56698287
Employee Cost 781112
Other Costs 101488
Operating Profit 11162540
Operating Profit Margin (%) 11.6%13.7%17.0%23.7%
Other Income + 3111
Exceptional Items 0-400
Interest 4679
Depreciation 5667
Profit Before Tax 521225
Tax 1136
Profit After Tax 41918
PAT Margin (%) 4.1%0.5%5.9%10.7%
Adjusted EPS (₹)2.20.34.910.4
Dividend Payout Ratio (%)0%0%0%0%

Valuation of GLEN Industries - 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'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 24364558
Share Capital 66618
Reserves 18313941
Debt +657379121
Long Term Debt36353248
Short Term Debt29384773
Minority Interest0000
Trade Payables58116
Others Liabilities 23202528
Total Liabilities 117137160214

Fixed Assets

Net Fixed Assets +497380108
Gross Block5686100134
Accumulated Depreciation7131927
CWIP 1000
Investments 3000
Inventories30364260
Trade Receivables15162731
Cash Equivalents 3412
Others Assets 1571114
Total Assets 117137160214

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1411145
PBT 521225
Adjustment 8151416
Changes in Working Capital -26-5-11-34
Tax Paid -0-1-0-2
Cash Flow From Investing Activity + -22-15-14-34
Capex -15-14-14-35
Net Investments -7-200
Others 00-11
Cash Flow From Financing Activity + 344-030
Net Proceeds from Shares 3000
Net Proceeds from Borrowing 00-217
Interest Paid -4-6-7-9
Dividend Paid 0000
Others 3510922
Net Cash Flow -20-11

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.462.9636.2549.28
ROCE (%)9.417.3216.6322.42
Asset Turnover Ratio0.80.940.970.91
PAT to CFO Conversion(x)-3.5111.560.28
Working Capital Days
Receivable Days59.6048.8054.4061.30
Inventory Days115.10101.1098.30108.10
Payable Days3435.1043.2036.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

GLEN Industries Ltd FAQs

The current trading price of GLEN Industries on 05-Jun-2026 16:59 is ₹69.65.

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 04-Jun-2026 the market cap of GLEN Industries stood at ₹167.6 Cr

The latest P/E ratio of GLEN Industries as of 04-Jun-2026 is 10.08.

The latest P/B ratio of GLEN Industries as of 04-Jun-2026 is 1.53.

The 52-week high of GLEN Industries is ₹164.8 and the 52-week low is ₹58.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GLEN Industries is ₹203 ( Cr.) .

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

The key valuation ratios of GLEN Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About GLEN Industries Ltd

GLEN Industries Limited was originally incorporated as ‘GLEN Stationery Private Limited’ as a private limited company under the provisions of the Companies Act, 1956, with a Certificate of Incorporation dated October 05, 2007, issued by the Registrar of Companies, West Bengal. The name of the company was later changed from ‘GLEN Stationery Private Limited’ to ‘GLEN Industries Private Limited’ pursuant to a special resolution passed in the Extraordinary General Meeting of the Company on December 01, 2018. Consequently, a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata, on December 13, 2018. Subsequently, the company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the Extraordinary General Meeting of the Company on June 10, 2024, and the name of the company was changed from ‘GLEN Industries Private Limited’ to ‘GLEN Industries Limited’. A fresh Certificate of Incorporation was issued to the Company by the Central Processing Centre, Manesar, on August 09, 2024.

The company is engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers, Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Cafe/Catering (HoReCa) sector, Beverage industry and food packaging industry. Its extensive product lineup, available in various shapes and sizes, is widely favored by sectors such as the HoReCa industry, Quick Service Restaurants (QSR), the food, beverage and dairy industry, etc.  

Its production facility is fully equipped with micro-processor controlled All Electric injection moulding machines imported from Japan and China. Its cutting-edge facility is complemented by its well trained, professional and experienced staff who play a significant role in maintaining the quality. Every stage of operation from inspection of raw materials to production line operations, from printing/labelling & packing to logistics is dominated by an uncompromising adherence to quality standards.

Its product lineup is organized into two primary segments: a diverse range of Thin Wall Food Containers and a comprehensive selection of straws, including both PLA and Paper Straws. This structure allows it to focus on delivering high-quality solutions in each category, catering to the specific needs of its customers. Customization on standardised products can be done by way of digital printing, shrink sleeving, dry offset printing, pad printing & screen printing. Its success is driven by a highly skilled workforce and a dynamic, experienced technical team, ensuring consistent, round-the-clock performance. It maintains strict adherence to international hygiene standards and rigorous quality control measures, which, combined with its ability to meet every buyer's requirement, have enabled it to surpass the competition and earn the trust of its customers. With all operations housed under one roof, it maintains streamlined processes and a cohesive approach to delivering excellence.

Business area of the company

The company is engaged in the business of manufacturing cum exporting of Food packaging and service products.

Products of the company 

  • Thin Wall Food Containers
  • Polylactic Acid (PLA) Straws
  • Paper Straws

History and milestones

  • 2008: Incorporation of Glen Stationery.
  • 2012: Started sales of Thin wall food containers in domestic market manufactured by Ostern Private Limited (Group Company Then).
  • 2017: Purchase 1.0 Acre plot at PPF -16 Poly Park, Dhulagarh, Howrah by acquiring company Flexi PVC Hose Pvt Ltd as subsidiary company.
  • 2018: Started export sale of Thin wall food containers manufactured by Ostern Private Limited (Group Company Then)
  • 2019: Set-up own manufacturing facility at PPF-16 Poly Park of Thin wall food containers, Paper Straws, and PLA Straws
  • 2020-21: Expanded capacity of TWC production capacity.
  • 2022: Started production of U-Shape straws both paper and PLA.
  • 2023-24: Expanded U-shape straws production capacity.

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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