Haldyn Glass Ltd

Haldyn Glass Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Haldyn Glass Ltd

₹ 158 -0.60%
26 Apr 4:01 p.m.
haldynglass.com BSE: 515147
About

Haldyn Glass Limited (Haldyn Corporation limited holds 53.53% in HGL) is engaged in the business of manufacturing exclusive quality glass containers and bottles for the Food, Beverages, and Spirit Industries. [1][2]

Key Points

Products
The Co manufactures Vials for Pharmaceutical industry; Clear bottles for Liquour, Cosmetics and Food and beverages industries. All products come in different shapes and sizes. [1]

Manufacturing Capacity
The company has a total melting capacity 320 tons per day consisting of two Glass Melting Furnaces (220 + 100 tons per day capacity) and 10 I.S. machines. These I.S. machines have the capability of producing 1.5 million high quality containers every day. [2]

Clients
Some of the major clients of the co. are United spirits, AMUL, Parle Agro, Vadilal and many more. [3]

JV
The Company had entered into a Joint Venture Agreement with HEINZ GLAS International GmbH & Co. kGaA, for manufacture and marketing of clear glass containers for the cosmetics and perfumery industries in India and abroad. As of March 2022, the Co holds 56.80% stake in the JV. [4]

Website BSE
  • Market Cap ₹ 852 Cr.
  • Current Price ₹ 158
  • High / Low ₹ 189 / 69.0
  • Stock P/E 48.8
  • Book Value ₹ 35.7
  • Dividend Yield 0.44 %
  • ROCE 12.9 %
  • ROE 10.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 24.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 27.0%
  • Company's working capital requirements have reduced from 86.2 days to 54.8 days

Cons

  • Stock is trading at 4.44 times its book value
  • Company has a low return on equity of 7.95% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Glass & Glass Products Industry: Glass & Glass Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
54.38 48.92 44.43 53.42 59.89 55.01 76.40 80.81 88.57 74.15 72.89 46.46 95.22
45.52 45.54 40.22 48.38 53.49 55.17 69.65 72.88 79.45 68.01 61.66 47.84 79.19
Operating Profit 8.86 3.38 4.21 5.04 6.40 -0.16 6.75 7.93 9.12 6.14 11.23 -1.38 16.03
OPM % 16.29% 6.91% 9.48% 9.43% 10.69% -0.29% 8.84% 9.81% 10.30% 8.28% 15.41% -2.97% 16.83%
0.82 1.51 0.75 0.92 1.19 2.33 1.47 1.90 0.86 0.12 1.74 5.10 0.22
Interest 0.12 0.11 0.12 0.10 0.14 0.19 0.19 0.16 0.36 0.51 0.71 1.14 2.29
Depreciation 2.28 1.83 1.71 1.68 2.10 1.71 1.81 1.87 1.80 2.06 2.17 3.35 6.12
Profit before tax 7.28 2.95 3.13 4.18 5.35 0.27 6.22 7.80 7.82 3.69 10.09 -0.77 7.84
Tax % 24.04% 40.68% 30.67% 33.73% 27.29% -437.04% 30.71% 29.49% 36.32% -32.52% 32.11% 109.09% 27.93%
5.53 1.75 2.16 2.77 3.90 1.46 4.32 5.50 4.98 4.89 6.85 0.07 5.65
EPS in Rs 1.03 0.33 0.40 0.52 0.73 0.27 0.80 1.02 0.93 0.91 1.27 0.01 1.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
175 153 161 156 141 172 166 223 229 178 213 320 289
132 111 128 129 123 144 153 197 202 157 196 289 257
Operating Profit 43 42 33 26 18 27 14 26 28 21 16 30 32
OPM % 24% 27% 21% 17% 13% 16% 8% 12% 12% 12% 8% 9% 11%
3 1 3 4 2 3 5 1 2 5 5 5 7
Interest 4 2 1 0 1 1 1 0 1 1 1 2 5
Depreciation 8 9 7 5 8 11 11 11 13 10 7 8 14
Profit before tax 34 32 28 24 11 18 7 16 15 14 14 26 21
Tax % 28% 31% 34% 33% 38% 36% 10% 22% 32% 30% 20% 23%
24 22 18 16 7 11 6 12 11 10 11 20 17
EPS in Rs 4.51 4.10 3.43 2.98 1.24 2.09 1.20 2.26 1.96 1.87 2.02 3.67 3.24
Dividend Payout % 17% 18% 22% 25% 40% 26% 25% 27% 31% 32% 30% 19%
Compounded Sales Growth
10 Years: 8%
5 Years: 14%
3 Years: 12%
TTM: -4%
Compounded Profit Growth
10 Years: -1%
5 Years: 24%
3 Years: 19%
TTM: 7%
Stock Price CAGR
10 Years: 28%
5 Years: 37%
3 Years: 64%
1 Year: 113%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 8%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 75 92 106 112 115 129 132 143 150 158 166 182 187
17 6 1 3 18 2 3 8 2 6 12 47 97
29 31 32 32 37 34 33 33 33 36 36 47 126
Total Liabilities 126 134 145 151 176 170 173 189 190 205 220 282 415
69 62 64 56 84 75 66 59 50 45 45 57 244
CWIP 1 1 1 7 1 1 1 0 0 0 1 23 1
Investments 0 0 5 0 20 22 32 36 35 36 47 46 47
56 71 75 88 71 72 74 93 104 124 127 156 122
Total Assets 126 134 145 151 176 170 173 189 190 205 220 282 415

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
23 10 45 13 14 22 16 13 18 25 10 30
-5 -1 -12 -6 -48 -2 -12 -8 -2 -3 -12 -58
-18 -17 -10 -3 9 -21 -3 3 -10 -2 -1 30
Net Cash Flow -0 -7 22 3 -25 -1 2 7 6 20 -3 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 61 94 65 60 71 62 76 82 86 94 91 68
Inventory Days 78 222 110 172 280 215 162 110 85 203 178 75
Days Payable 64 76 73 80 127 44 70 59 66 118 122 96
Cash Conversion Cycle 75 241 102 153 223 233 168 133 106 179 147 46
Working Capital Days 48 93 52 60 88 90 96 85 87 101 103 55
ROCE % 39% 34% 27% 21% 10% 14% 6% 12% 12% 9% 8% 13%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.73% 56.99% 57.20% 57.68% 57.93% 57.93% 57.93% 58.11% 58.14% 58.14% 58.14% 58.14%
0.04% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.17% 1.51%
43.23% 42.97% 42.76% 42.32% 42.07% 42.07% 42.08% 41.90% 41.86% 41.87% 40.69% 40.36%
No. of Shareholders 16,88616,65617,66718,55917,87820,75322,88121,73820,89822,52623,18821,938

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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