GLEN Industries Ltd
Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products.[1]
- Market Cap ₹ 160 Cr.
- Current Price ₹ 66.4
- High / Low ₹ 165 / 58.0
- Stock P/E 8.86
- Book Value ₹ 57.3
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 36.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.16 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 92 | 115 | 140 | 166 | 182 | |
| 81 | 99 | 115 | 126 | 140 | |
| Operating Profit | 11 | 16 | 25 | 40 | 42 |
| OPM % | 12% | 14% | 18% | 24% | 23% |
| 3 | -2 | 0 | 1 | 1 | |
| Interest | 4 | 6 | 7 | 9 | 10 |
| Depreciation | 5 | 6 | 6 | 7 | 8 |
| Profit before tax | 5 | 3 | 11 | 24 | 24 |
| Tax % | 27% | 44% | 25% | 25% | |
| 4 | 1 | 9 | 18 | 18 | |
| EPS in Rs | 35.62 | 14.42 | 82.46 | 10.37 | 8.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 114% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 18 | 32 |
| Reserves | 17 | 31 | 40 | 41 | 106 |
| 77 | 86 | 94 | 133 | 115 | |
| 22 | 19 | 26 | 23 | 20 | |
| Total Liabilities | 116 | 137 | 161 | 214 | 273 |
| 55 | 73 | 81 | 108 | 107 | |
| CWIP | 1 | 0 | 0 | 1 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 60 | 64 | 80 | 106 | 158 | |
| Total Assets | 116 | 137 | 161 | 214 | 273 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -14 | 11 | 14 | 6 | |
| -22 | -15 | -13 | -35 | |
| 34 | 4 | -2 | 30 | |
| Net Cash Flow | -2 | 0 | -1 | 1 |
| Free Cash Flow | -29 | -2 | 0 | -29 |
| CFO/OP | -124% | 75% | 57% | 20% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 61 | 52 | 69 | 68 |
| Inventory Days | 192 | 192 | 184 | 252 |
| Days Payable | 34 | 42 | 51 | 25 |
| Cash Conversion Cycle | 219 | 202 | 203 | 294 |
| Working Capital Days | 6 | -6 | 4 | 4 |
| ROCE % | 10% | 15% | 20% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Thin Wall Food Containers - Installed Capacity MT/Year |
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| Paper Straws - Installed Capacity MT/Year |
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| PLA Straws - Installed Capacity MT/Year |
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| Thin Wall Food Containers - Actual Production MT |
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| Thin Wall Food Containers - Capacity Utilization % |
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| Geographic Reach - Countries Exported to Number ・Standalone data |
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| Geographic Reach - Domestic States covered Number ・Standalone data |
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| Total Employee Strength (Permanent & Contractual) Number ・Standalone data |
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| International Recurring Customers Number ・Standalone data |
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| Warehouse Storage Space Sq. Ft. ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
2d - Lalit Agrawal (HUF) bought 21,600 shares for Rs1,341,000 on 30 Mar 2026; promoter holding rose to 73.52%.
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
28 Mar - Promoter group Lalit Agrawal (HUF) bought 1,200 shares for Rs.78,000; promoter stake rose to 73.43%
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
25 Mar - Lalit Agrawal (HUF) bought 10,800 shares worth Rs.7,91,208 on March 25, 2026; promoter holding 73.42%.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
24 Mar - Promoter-group Lalit Agrawal (HUF) acquired 13,200 shares at Rs.69.92; holding rose to 73.37% on Mar 24, 2026.
Concalls
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Nov 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
Business Profile[1]
Glen Industries Limited, originally incorporated as Glen Stationery Private Limited in 2007, is engaged in the manufacturing of food packaging and service products, including Thin-Wall Food Containers, Polylactic Acid (PLA) Straws, and Paper Straws.
The company caters to HoReCa, QSR, food & beverage, and dairy industries. Its operations span product design, development, manufacturing, and distribution, adhering to international hygiene and quality standards.