The 5-year analysis of Hindusthan National Glass & Industries Ltd's performance infers:
We analysed the performance of Hindusthan National Glass & Industries Ltd share prices over the last 10 years. Here is what we found out:
Hindusthan National Glass (HNG) a CK Somany group was founded by C K Somany, a visionary entrepreneur in 1952 with the inauguration of Indiaâ€™s first fully automatic glass container manufacturing plant at Rishra, near Calcutta (INDIA). The HNG Group was launched under the banner of Hindusthan National Glass Manufacturing Co. Ltd., subsequently renamed Hindusthan National Glass & Industries Ltd. (HNGIL).
The company offers premium glass containers for every kind of
The company offers premium glass containers for every kind of application. HNGIL is an acknowledged market leader of today and producing 6 million bottles per day ranging from 5 ml to 3200 ml containers for multifarious industries like pharmaceuticals, beverages, processed foods, cosmetics, liquors etc.
Its manufacturing facilities are strategically located at Bahadurgarh near Delhi (since 1964), Rishikesh, Pondicherry and Nashik with state-of-the-art induction furnace for manufacturing of castings in its own foundry. HNGIL has incorporated its technology from the best suppliers in Europe and USA.
HNG Group operates 10 furnaces and 42 production lines with fully automatic IS (Individual Section) machines up to 12 Sections operating on Double and Triple Gob.
All the plants have a thorough electronic inspection system right from the batch mixing till the final packing. Quality control and R&D Sections are well equipped with sophisticated instruments enabling production of international quality glassware.
Well-equipped workshop to manufacture moulds for bottles of all designs & shapes, backed up by own power generating plants.
The far-sighted and dynamic approach of C K Somany, the highly focused management strategies and the leadership qualities of his sons Sanjay Somany and Mukul Somany have turned every challenge into a winning formula.
As a result of which, in the 5 ml-3200 ml segment, HNG Group is the undisputed market leader catering to around 70% of the Domestic Market in the pharmaceutical, beverage, processed food, cosmetic and liquor sectors covering industry majors like, CocaCola, Dabur, GlaxoWellcome, Nestle, Pepsi, Reckitt Benckiser (India) Ltd., Smithkline Beecham, UB Group etc. Exports to South East, Middle East, Africa and First World Countries in Europe & North America.
HNGIL has a wide and diversified customer base to its credit. Its clientele includes leading companies like :
Pepsi Co., Coca-Cola, Cadburyâ€™s, Nestle ,Raun Pollack, Dabur, Bayer, Lakme, Glaxo, Pfizer, Reckitt & Coleman, Shaw Wallace, UB group
Product range of the company includes:
Premium glass containers like glass bottles/vials, for use in beverages industry, cosmetics, pharmaceuticals, liquor and processed food industry.
Other companies under the HNG wing are Glass Equipment (India) Ltd. (GEIL), Ceramic Decorators Ltd. (CDL), Somany Foam Limited (SFL) and Quality Minerals Ltd. (QML). Besides, there are number of Investment Companies, Partnership Firms and Charitable Trusts which are also part of the HNG Group.
In order to keep pace with changing technology and demands, the Group has acquired the Glass Division of L & T at Nashik in October 2005, having one furnace of 320 TPD melting capacity.
HNGIL has also entered into a scheme of amalgamation with Ace Glass Containers (ACE)
HNG has been ranked at No.307 amongst the Top 1000 companies, published in the latest edition of Business Standard for March'09.
HNGIL is to be awarded as the best company in â€œGlass & Ceramicsâ€ category by Dun & Bradstreet.