On 6 Nov 2026, GLEN Industries was priced at ₹108.72, or 15.8× trailing earnings, against an industry P/E of 18.1×, and the shares are 19% below their 52-week high. It earns ROCE of 18% and ROE of 17%, and sales and net profit grew 20% and 123% a year over 3 years. Debt is 0.86× equity. It is listed on an SME platform with a market cap of ₹262 Cr, ranked 28th of 83 Packaging & Containers companies by market cap; the shares rose 38% over the past year.
- ₹104.50
- ₹108.80
- ₹103.55
- ₹109.00
- 25.2K
Health check
- ReturnsAhead
+37.5% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 15.8 vs industry 18.1.
- GrowthStrong
Sales +19.6%, profit +123.1% a year over 3 years.
- ProfitabilityAverage
ROCE 18.0% vs peer median 16.7%.
- Balance sheetFair
Debt 0.86× equity, interest covered 3.5×, Piotroski 5 of 9.
- Red flags1 to check
Quarterly profit down 38.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹262 Cr
- Small cap
- P/E
- 15.8
- Industry 18.1
- Price to book
- 1.99
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 16.7%
- Peers 14.4%
- ROCE
- 18.0%
- Peers 16.7%
- Debt to equity
- 0.86
- Debt ₹121 Cr
- EPS (TTM)
- ₹6.86
- OPM (TTM)
- 14.2%
- Net margin 8.1%
- Sales growth
- +24.3%
- Latest quarter vs a year ago
- Profit growth
- −38.4%
- Latest quarter vs a year ago
- Price to sales
- 1.29
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Quarterly sales up 24.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 38.4% on a year ago.
About GLEN Industries
GLEN Industries Limited manufactures and sells food packaging and service products in India. The company offers thin wall food containers, polylactic acid straws, and paper straws to the hotel, restaurant, catering, quick service restaurant, food and beverage, and dairy industries. It exports its products to the United States, the European Union, the Middle East, and Africa. The company was founded in 1998 and is based in Kolkata, India.
- Headquarters
- Kolkata
- Employees
- 320
- Sector
- Consumer Cyclical
- ISIN
- INE0UMC01019
- Website
- glen-india.com
Price range
- Avg volume (3M)
- 38.3K
- 1-year return
- plus 37.5%
- From 52-week high
- minus 18.9%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| GLENGLEN Industries | 108.72 | minus 0.26% | 262 | 15.8 | 1.99 | 18.0% | 16.7% | 14.2% | 19.6% | 123.1% | 0.00% | plus 37.5% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +19.6%
- Profit CAGR 3Y
- +123.1%
- ROE
- 16.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 119 | 145 | 171 | 203 | |
| – | +21.6% | +18.1% | +19.0% | |
| 105 | 119 | 130 | 165 | |
| 13.9 | 25.1 | 40.7 | 38.4 | |
| 11.7% | 17.3% | 23.9% | 18.9% | |
| 2.9 | −0.2 | −0.3 | 0.2 | |
| 5.3 | 6.9 | 8.5 | 8.8 | |
| 6 | 6.4 | 7.4 | 8 | |
| −2.9 | −0 | −0.1 | −0.1 | |
| 2.6 | 11.5 | 24.4 | 21.7 | |
| 43.7% | 25.6% | 25.5% | 24.0% | |
| 1.5 | 8.6 | 18.2 | 16.5 | |
| – | +477.5% | +112.4% | minus 9.4% | |
| 0.62 | 3.57 | 7.57 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.7 | 5.7 | 17.6 | 32.2 | |
| 30.7 | 39.2 | 40.9 | 107 | |
| 81.7 | 88.8 | 133 | 121 | |
| 19 | 26.6 | 23.1 | 30.4 | |
| 137 | 160 | 214 | 291 | |
| 73.1 | 80.4 | 108 | 120 | |
| – | – | 0.5 | 11.9 | |
| 0.8 | 1 | 2.2 | 1 | |
| 4 | 0.8 | 2.1 | 33.8 | |
| 59.2 | 78.1 | 101 | 124 | |
| 137 | 160 | 214 | 291 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.8 | 13.5 | 5.8 | 5.9 | |
| −14.3 | −14.3 | −34.8 | −17.7 | |
| 3.8 | −0.2 | 30.1 | 11.1 | |
| 0.3 | −0.9 | 1 | −0.7 | |
| −13.6 | −14.7 | −35.3 | −20.3 | |
| −2.8 | −1.1 | −29.5 | −14.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.