Haldyn Glass Ltd - Stock Valuation and Financial Performance

BSE: 515147 | NSE: | Glass | Small Cap

Haldyn Glass Share Price

147.60 4.95 3.47%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Haldyn Glass

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Haldyn Glass stock performance -

mw4me loader
P/E Ratio (SA):
45.43
Market Cap:
793.4 Cr.
52-wk low:
60.6
52-wk high:
188.9

Is Haldyn Glass Ltd an attractive stock to invest in?

1. Is Haldyn Glass Ltd a good quality company?

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

2. Is Haldyn Glass Ltd undervalued or overvalued?

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

3. Is Haldyn Glass Ltd a good buy now?

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.

10 Year X-Ray of Haldyn Glass:

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.7%14.1%6.4%8.8%5%8.9%7.5%5.8%6.2%9.7%-
Value Creation
Index
0.30.0-0.5-0.4-0.7-0.4-0.5-0.6-0.6-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 161156141172166223229178213320288
Sales YoY Gr.--3.6%-9.6%22.4%-3.5%34.2%2.9%-22.4%19.6%50.2%-
Adj EPS 3.531.42.11.22.421.61.93.43.3
YoY Gr.--13.8%-53.9%50%-42%99.2%-14.6%-19.6%15.9%80.5%-
BVPS (₹) 20.221.3222525.627.528.930.331.934.936.8
Adj Net
Profit
18.616.17.411.16.512.8118.810.218.417
Cash Flow from Ops. 44.712.714.121.616.213.21824.610.130.4-
Debt/CF from Ops. 00.21.30.10.20.60.10.10.71.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%14%11.7%50.2%
Adj EPS -0.1%23.4%18.9%80.5%
BVPS6.2%6.4%6.5%9.5%
Share Price 28.4% 33.4% 66.7% 142.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.914.16.38.74.897.25.66.110.39.1
Op. Profit
Mgn %
20.616.912.615.98.111.512.111.67.79.511
Net Profit
Mgn %
11.610.35.36.53.95.84.854.85.86.1
Debt to
Equity
000.2000.10000.2-
Working Cap
Days
11711314513014912313217515813086
Cash Conv.
Cycle
816892931098892117101628

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.10%

Sales growth is growing at healthy rate in last 3 years 11.69%

Net Profit is growing at healthy rate in last 3 years 18.91%

Sales growth is not so good in last 4 quarters at -1.34%

Latest Financials - Haldyn Glass Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 4.5
TTM Sales (₹ Cr.) 288 288
BVPS (₹.) 36.8 35.8
Reserves (₹ Cr.) 192 187
P/BV 4.01 4.12
PE 45.43 32.55
From the Market
52 Week Low / High (₹) 60.60 / 188.90
All Time Low / High (₹) 0.01 / 188.90
Market Cap (₹ Cr.) 793
Equity (₹ Cr.) 5.4
Face Value (₹) 1
Industry PE 32.8

Management X-Ray of Haldyn Glass:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Haldyn Glass

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales161156141172166223229178213320
Operating Expenses 128129124145153199204157196289
Manufacturing Costs546261626186857492129
Material Costs534540555875814963103
Employee Cost 13131413161416162528
Other Costs 99915182322171729
Operating Profit 33261727142425201630
Operating Profit Margin (%) 20.4%16.9%11.8%15.8%8.1%10.8%11.1%11.5%7.6%9.5%
Other Income 3433534555
Interest 1011111112
Depreciation 758111111131078
Exceptional Items 0000000000
Profit Before Tax 2824111871615141426
Tax 10846145436
Profit After Tax 181671161211101120
PAT Margin (%) 11.4%10.3%4.7%6.5%3.9%5.4%4.6%5.6%5.1%6.2%
Adjusted EPS (₹)3.43.01.22.11.22.32.01.92.03.7
Dividend Payout Ratio (%)22%25%40%26%25%27%31%32%30%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 111117120134137148155163171187
Share Capital 5555555555
Reserves 106112115129132143150158166182
Minority Interest0000000000
Debt131813713742
Long Term Debt00000000026
Short Term Debt131813713716
Trade Payables1110117111215162127
Others Liabilities 22222728222118231923
Total Liabilities 145151176170173189190205218280

Fixed Assets

Gross Block130136162858889909398117
Accumulated Depreciation66807810213040485360
Net Fixed Assets64568475665950454557
CWIP 17111000123
Investments 502022323635364746
Inventories16213032262319273121
Trade Receivables29262729355054465359
Cash Equivalents 26294351218382625
Others Assets412989812121548
Total Assets 145151176170173189190205218280

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 45131422161318251030
PBT 2824111871615141426
Adjustment 63711111210979
Changes in Working Capital 19-8-1-42-1028-51
Tax Paid -9-6-3-3-4-5-9-6-5-6
Cash Flow From Investing Activity -12-6-48-2-12-8-2-3-12-58
Capex -9-12-31-2-3-4-5-5-8-63
Net Investments -55-200-10-420-54
Others 2130001111
Cash Flow From Financing Activity -10-39-21-33-10-2-130
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -40000000027
Interest Paid -10-1-100-100-1
Dividend Paid -4-4-4-3-3-2-3-3-3-3
Others -2114-1714-7237
Net Cash Flow 223-25-127620-32
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.0614.355.738.924.768.56.946.36.510.98
ROCE (%)27.2521.479.5413.965.5910.9210.59.318.2713.42
Asset Turnover Ratio1.31.180.961.090.991.231.210.91.011.28
PAT to CFO Conversion(x)2.50.81222.671.081.642.50.911.5
Working Capital Days
Receivable Days695761546970831038564
Inventory Days40396060624033475030
Payable Days6482945856566011310785

Haldyn Glass Ltd Stock News

Haldyn Glass Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Haldyn Glass on 28-Mar-2024 16:01 is ₹147.6.
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 28-Mar-2024 16:01 the market cap of Haldyn Glass stood at ₹793.4.
The latest P/E ratio of Haldyn Glass as of 28-Mar-2024 16:01 is 45.43.
The latest P/B ratio of Haldyn Glass as of 28-Mar-2024 16:01 is 4.01.
The 52-week high of Haldyn Glass is ₹188.9 and the 52-week low is ₹60.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Haldyn Glass is ₹288.4 ( Cr.) .

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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