Haldyn Glass (HALDYNGL) had a P/E of 23.4× on 6 Nov 2026, above the industry P/E of 18.1×, and the shares are 23% below their 52-week high. Sales grew 12% a year over 3 years while net profit fell 2.7%, with ROCE of 13% and ROE of 15%. Debt is 0.47× equity. It is a small-cap company with a market cap of ₹687 Cr, ranked 17th of 83 Packaging & Containers companies by market cap; the shares rose 1.6% over the past year.
- ₹129.90
- ₹133.28
- ₹126.64
- ₹128.67
- 2.7 L
Health check
- ReturnsBehind
+1.6% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 23.4 vs industry 18.1.
- GrowthSteady
Sales +12.4%, profit −2.7% a year over 3 years.
- ProfitabilityAverage
ROCE 12.7% vs peer median 16.7%.
- Balance sheetFair
Debt 0.47× equity, interest covered 4.1×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹687 Cr
- Small cap
- P/E
- 23.4
- Industry 18.1
- Price to book
- 2.67
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 14.9%
- Peers 14.4%
- ROCE
- 12.7%
- Peers 16.7%
- Debt to equity
- 0.47
- Debt ₹120 Cr
- EPS (TTM)
- ₹5.45
- Face value ₹1
- OPM (TTM)
- 13.9%
- Net margin 6.9%
- Sales growth
- +20.6%
- Latest quarter vs a year ago
- Profit growth
- +90.1%
- Latest quarter vs a year ago
- Price to sales
- 1.33
- EV/EBITDA 10.0
Strengths and risks
Strengths
- Quarterly profit up 90.1% on a year ago.
- Quarterly sales up 20.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Haldyn Glass
Haldyn Glass Limited engages in the manufacture and sale of glass bottles in India and internationally. The company offers liquor bottles, such as flint glass bottles; and food and beverage products, including food bottles, amber glass bottles, and green glass bottles. It also provides pharmaceutical glass containers for storage and preservation of medicines and healthcare products; and cosmetic and toiletry glass containers. The company was formerly…
- Headquarters
- Mumbai
- Employees
- 681
- Sector
- Consumer Cyclical
- ISIN
- INE506D01020
- Website
- haldynglass.com
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- plus 1.6%
- From 52-week high
- minus 23.0%
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% |
| HALDYNGLHaldyn Glass | 127.76 | minus 0.71% | 687 | 23.4 | 2.67 | 12.7% | 11.0% | 13.9% | 12.4% | −2.7% | 0.00% | plus 1.6% |
| 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
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 115 | 116 | 125 | 108 | 139 | |
| 98.3 | 102 | 108 | 92.3 | 117 | |
| 16.7 | 13.5 | 16.3 | 15.9 | 22 | |
| 14.5% | 11.7% | 13.1% | 14.7% | 15.9% | |
| 1.4 | 6.3 | 3.7 | 3.5 | 1.7 | |
| 3.6 | 3.4 | 3.3 | 3 | 2.9 | |
| 7.6 | 8 | 7.9 | 7 | 7.4 | |
| – | – | −1.8 | – | – | |
| 6.9 | 8.4 | 6.9 | 9.4 | 13.5 | |
| 21.9% | 19.3% | 24.1% | 22.2% | 23.8% | |
| 5.4 | 6.8 | 5.3 | 7.3 | 10.3 | |
| 1.00 | 1.25 | 0.97 | 1.35 | 1.88 |
Profit & loss
- Sales CAGR 3Y
- +12.4%
- Profit CAGR 3Y
- −2.7%
- EPS CAGR 3Y
- −2.8%
- ROE
- 14.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 317 | 286 | 375 | 451 | |
| – | minus 9.8% | +31.2% | +20.1% | |
| 285 | 244 | 319 | 387 | |
| 32.4 | 42.4 | 56.1 | 63.4 | |
| 10.2% | 14.8% | 14.9% | 14.1% | |
| 9.3 | 7.7 | 6.7 | 8.9 | |
| 0.8 | 6.6 | 11.4 | 10.1 | |
| 7.5 | 18.8 | 28.8 | 30.5 | |
| −0.5 | 7.8 | 0.3 | −0.1 | |
| 32.9 | 32.5 | 22.9 | 31.7 | |
| 18.1% | 24.3% | 17.9% | 21.8% | |
| 26.9 | 24.6 | 18.8 | 24.8 | |
| – | minus 8.7% | minus 23.4% | +31.7% | |
| 4.98 | 4.56 | 3.49 | 4.58 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.4 | 5.4 | 5.4 | 5.4 | |
| 172 | 194 | 210 | 229 | |
| 46.6 | 123 | 128 | 116 | |
| 47.5 | 127 | 146 | 152 | |
| 271 | 450 | 490 | 502 | |
| 104 | 251 | 258 | 253 | |
| 47.3 | 10.4 | 1.4 | 2.5 | |
| 4.1 | 7.7 | 7.1 | 13.3 | |
| 25.5 | 17.2 | 18.6 | 9.6 | |
| 90.1 | 164 | 204 | 223 | |
| 271 | 450 | 490 | 502 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.2 | 19 | 44.6 | 61.8 | |
| −58.3 | −85.5 | −33.6 | −33.7 | |
| 30.3 | 64.5 | −10.5 | −29.7 | |
| 3.2 | −2 | 0.5 | −1.6 | |
| −63.2 | −104 | −38.2 | −29.6 | |
| −32 | −85.3 | 6.4 | 32.2 | |
| −3.2 | −3.8 | −3.8 | −3.8 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.