Haldyn Glass Ltd

About

Haldyn Glass is presently engaged in the business of manufacturing of exclusive quality glass containers and bottles for Food, Beverages and Spirit Industries.

  • Market Cap 198 Cr.
  • Current Price 36.8
  • High / Low 51.0 / 24.9
  • Stock P/E 15.6
  • Book Value 26.8
  • Dividend Yield 1.63 %
  • ROCE 10.2 %
  • ROE 5.30 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 46.80%

Cons

  • The company has delivered a poor sales growth of 4.81% over past five years.
  • Company has a low return on equity of 5.66% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
56.69 61.77 57.75 56.54 57.50 64.09 51.25 26.89 47.71 54.38 48.92 44.43
50.55 54.37 51.59 48.03 49.13 57.60 49.68 26.80 39.95 45.52 45.54 39.65
Operating Profit 6.14 7.40 6.16 8.51 8.37 6.49 1.57 0.09 7.76 8.86 3.38 4.78
OPM % 10.83% 11.98% 10.67% 15.05% 14.56% 10.13% 3.06% 0.33% 16.26% 16.29% 6.91% 10.76%
Other Income 0.69 0.09 1.43 0.46 1.06 0.75 1.67 2.03 0.54 0.82 1.51 0.75
Interest 0.07 0.03 0.05 0.11 0.08 0.27 0.09 0.08 0.13 0.12 0.11 0.12
Depreciation 2.80 2.84 2.60 3.31 3.31 3.30 3.02 3.07 3.09 2.28 1.83 1.71
Profit before tax 3.96 4.62 4.94 5.55 6.04 3.67 0.13 -1.03 5.08 7.28 2.95 3.70
Tax % 28.79% 31.60% 26.11% 48.47% 24.01% 17.17% 84.62% 23.30% 30.31% 24.04% 40.68% 25.95%
Net Profit 3.36 1.63 1.05 2.88 4.82 1.58 -1.03 -3.03 1.85 5.85 2.81 2.16
EPS in Rs 0.63 0.30 0.20 0.54 0.90 0.29 -0.19 -0.56 0.34 1.09 0.52 0.40

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
141 172 166 223 229 178 195
123 145 160 197 202 158 171
Operating Profit 18 27 7 26 28 20 25
OPM % 13% 16% 4% 12% 12% 11% 13%
Other Income 2 3 5 1 2 5 4
Interest 1 1 1 0 1 0 0
Depreciation 8 11 11 11 13 10 9
Profit before tax 11 17 0 16 15 14 19
Tax % 38% 37% 355% 22% 32% 30%
Net Profit 7 11 -0 6 8 7 13
EPS in Rs 1.24 2.00 -0.09 1.03 1.53 1.39 2.35
Dividend Payout % 40% 28% -329% 58% 39% 43%
Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:2%
TTM:-2%
Compounded Profit Growth
10 Years:%
5 Years:1%
3 Years:159%
TTM:441%
Stock Price CAGR
10 Years:12%
5 Years:4%
3 Years:1%
1 Year:28%
Return on Equity
10 Years:%
5 Years:5%
3 Years:6%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5 5 5 5 5 5
Reserves 115 128 125 128 133 139
Borrowings 18 2 3 8 2 3
38 34 33 33 33 39
Total Liabilities 176 170 166 175 173 186
84 75 66 59 50 45
CWIP 21 1 1 0 0 0
Investments 0 22 24 22 18 17
71 72 74 93 104 124
Total Assets 176 170 166 175 173 186

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 21 9 7 16 22
-49 -1 -5 -2 1 -1
9 -21 -3 3 -10 -2
Net Cash Flow -25 -1 2 7 6 20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 71 62 76 82 86 94
Inventory Days 280 215 162 110 85 203
Days Payable 101 44 70 59 66 118
Cash Conversion Cycle 250 233 168 133 106 180
Working Capital Days 87 90 96 85 87 94
ROCE % 14% 1% 13% 13% 10%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
52.52 52.53 52.60 52.60 56.71 56.71 56.71 56.71 56.71 56.71 56.71 56.73
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.04 0.04 0.04
2.87 2.87 3.07 3.07 3.07 3.09 3.07 3.07 3.07 3.07 0.00 0.00
44.62 44.60 44.33 44.33 40.22 40.20 40.22 40.22 40.18 40.18 43.25 43.23

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