Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹276 Cr.
Stock P/E
16.7
P/B
2.3
Current Price
₹114.5
Book Value
₹ 49.6
Face Value
10
52W High
₹134
52W Low
₹ 58
Dividend Yield
0%

GLEN Industries Overview

Business

GLEN Industries Ltd. is an Indian company operating in the Packaging sector. Its core business involves the manufacturing and supply of various packaging solutions. The company likely caters to a diverse set of end-user industries such as Fast-Moving Consumer Goods (FMCG), pharmaceuticals, food & beverages, personal care, industrial goods, and e-commerce. Its business model is primarily B2B, providing essential packaging materials that protect, preserve, and present products for its clients. GLEN makes money by selling its manufactured packaging products, often customized, to businesses across these industries.

Revenue Mix

Specific segment breakdown and revenue contribution percentages for GLEN Industries Ltd. are not publicly available. However, typical packaging companies in India might operate across various material types, which could include:

Flexible Packaging: (e.g., laminates, pouches, films for food, snacks, personal care)

Rigid Packaging: (e.g., plastic containers, bottles, jars, metal cans)

Paperboard & Corrugated Packaging: (e.g., cartons, boxes for consumer goods, e-commerce, industrial applications)

Specialty Packaging: (e.g., pharmaceutical packaging, barrier films, sustainable solutions)

Revenue generation would be diversified across these potential product categories and the multiple industries they serve.

Industry

The Indian packaging industry is vast and growing, driven by consumption, urbanization, organized retail, and the e-commerce boom. It is generally characterized by a mix of large integrated players and numerous small to medium-sized enterprises, making it competitive. Key trends include a shift towards sustainable packaging solutions, lightweighting, and advanced barrier properties. Without specific market share data, GLEN's positioning can be inferred as a participant in this competitive landscape, likely focusing on specific niches or offering a broad range of products to maintain its market presence. Its ability to serve diverse industries suggests a degree of manufacturing flexibility and customer diversification.

MOAT

Given the generic information, GLEN's potential competitive advantages (moats) might include:

Scale & Cost Efficiency: If GLEN operates at a significant scale, it could benefit from economies of scale in procurement of raw materials and manufacturing, leading to cost advantages.

Customer Integration & Switching Costs: For B2B packaging, deeply integrated supply chains and customized solutions can create high switching costs for clients, as changing suppliers involves significant disruption and re-validation.

Product & Material Expertise: Specialization in advanced materials (e.g., high-barrier films, sustainable packaging) or complex packaging designs could offer differentiation.

Geographic Reach/Proximity: Having manufacturing units strategically located near key customer hubs can reduce logistics costs and improve service levels.

Reliability & Quality: A consistent track record of quality, timely delivery, and compliance with industry standards can build customer loyalty in a critical input industry.

Growth Drivers

Key factors that can drive GLEN's growth over the next 3-5 years include:

Rising Disposable Incomes & Consumption: Continued economic growth in India and increasing consumer spending will directly boost demand for packaged goods across all sectors.

E-commerce Expansion: The rapid growth of online retail necessitates robust and innovative packaging solutions for logistics and delivery.

Growth in Organized Retail: The expansion of supermarkets and hypermarkets fuels demand for consumer-friendly, shelf-ready packaging.

Food Processing & Pharmaceutical Industry Growth: These sectors are significant consumers of packaging, driven by population growth, health awareness, and exports.

Sustainability Initiatives: Increasing consumer and regulatory pressure for eco-friendly packaging (recyclable, biodegradable, reduced plastic) presents opportunities for companies that can innovate in this space.

Urbanization & Lifestyle Changes: Shift towards convenience foods and smaller pack sizes in urban areas drives packaging innovation and demand.

Risks

Key business risks for GLEN Industries Ltd. include:

Raw Material Price Volatility: Packaging heavily relies on raw materials like polymers (plastics), paperboard, and metals. Fluctuations in their prices, often linked to crude oil or global commodity markets, can impact profitability significantly.

Intense Competition: The Indian packaging industry is competitive, leading to pricing pressures and potential margin erosion.

Regulatory Changes: Environmental regulations regarding plastic use, waste management, and sustainability can necessitate costly changes in manufacturing processes and material sourcing.

Economic Slowdown: A general economic downturn can reduce consumer spending and manufacturing output, leading to lower demand for packaging products.

Technological Disruption: Newer packaging technologies or materials developed by competitors could render existing product lines less competitive.

Forex Fluctuations: If GLEN imports raw materials or machinery, adverse currency movements can increase costs.

Management & Ownership

Specific details about GLEN Industries Ltd.'s promoters, management quality, and ownership structure are not provided. However, many Indian companies, particularly in traditional manufacturing sectors, are promoter-led, where the founding family or individuals hold a significant stake and play a crucial role in management and strategic direction. The quality of management would depend on their experience, vision, ability to navigate industry challenges, and commitment to corporate governance.

Outlook

GLEN Industries Ltd. operates in a sector with strong fundamental tailwinds in India, driven by robust consumption patterns, e-commerce proliferation, and industrial growth. The demand for packaging is expected to remain resilient and grow, particularly for innovative and sustainable solutions. This provides a favorable macro environment for GLEN.

However, the company faces inherent challenges such as volatile raw material costs, intense competition, and the need to constantly adapt to evolving regulatory and sustainability standards. Its ability to manage these risks, innovate in product offerings, maintain strong customer relationships, and achieve operational efficiencies will be critical in capitalizing on the growth opportunities in the Indian packaging market.

GLEN Industries Share Price

Live · BSE · Inception: 2007
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

GLEN Industries Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

GLEN Industries Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 94 119 145 171 203
Other Income 3 1 1 1 2
Total Income 97 120 145 171 205
Total Expenditure 83 103 120 130 166
Operating Profit 14 17 25 41 39
Interest 4 6 7 9 9
Depreciation 5 6 6 7 8
Exceptional Income / Expenses 0 -3 0 0 0
Profit Before Tax 5 3 12 25 22
Provision for Tax 1 1 3 6 5
Profit After Tax 4 1 9 18 17
Adjustments 0 0 0 0 0
Profit After Adjustments 4 1 9 18 17
Adjusted Earnings Per Share 2.1 0.8 4.9 10.4 6.9

GLEN Industries Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 23 36 45 58 140
Minority's Interest 0 0 0 0 0
Borrowings 36 35 32 49 23
Other Non-Current Liabilities 5 6 8 7 7
Total Current Liabilities 53 60 75 100 122
Total Liabilities 116 137 160 214 291
Fixed Assets 55 73 80 108 108
Other Non-Current Assets 3 2 3 3 13
Total Current Assets 58 62 77 104 169
Total Assets 116 137 160 214 291

GLEN Industries Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 1 1 0 1
Cash Flow from Operating Activities -14 11 14 5 6
Cash Flow from Investing Activities -22 -15 -14 -34 -18
Cash Flow from Financing Activities 34 4 -0 30 11
Net Cash Inflow / Outflow -2 0 -1 1 -1
Closing Cash & Cash Equivalent 1 1 0 1 1

GLEN Industries Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.09 0.85 4.88 10.4 6.86
CEPS(Rs) 4.83 4.25 8.53 14.59 10.18
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 10.19 11.03 15.92 26.32 49.64
Core EBITDA Margin(%) 11.53 13.74 17.01 23.64 18.23
EBIT Margin(%) 9.46 6.97 13.08 19.69 15.3
Pre Tax Margin(%) 5.36 2.22 7.98 14.43 10.69
PAT Margin (%) 3.92 1.25 5.94 10.7 8.12
Cash Profit Margin (%) 9.03 6.28 10.37 15.02 12.06
ROA(%) 3.16 1.17 5.77 9.75 6.53
ROE(%) 20.56 7.97 36.24 49.24 19.92
ROCE(%) 9.36 8.27 16.63 22.36 14.54
Receivable days 59.58 48.8 54.38 61.28 60.99
Inventory Days 115.07 101.13 98.27 108.14 123.99
Payable days 33.96 35.09 43.18 36.81 29.76
PER(x) 0 0 0 0 8.79
Price/Book(x) 0 0 0 0 1.21
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.79 0.7 0.65 0.87 1.18
EV/Core EBITDA(x) 5.44 4.89 3.71 3.62 6.15
Net Sales Growth(%) 0 26.63 21.58 18.1 19.02
EBIT Growth(%) 0 -6.6 127.99 77.82 -7.52
PAT Growth(%) 0 -59.61 477.51 112.91 -9.65
EPS Growth(%) 0 -59.62 477.55 112.91 -34.05
Debt/Equity(x) 3.19 3.39 2.72 2.87 0.95
Current Ratio(x) 1.09 1.03 1.02 1.03 1.39
Quick Ratio(x) 0.53 0.43 0.47 0.44 0.75
Interest Cover(x) 2.31 1.47 2.56 3.75 3.32
Total Debt/Mcap(x) 0 0 0 0 0.83

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +19% +19% — —
Operating Profit CAGR -5% +32% — —
PAT CAGR -6% +157% — —
Share Price CAGR +38% — — —
ROE Average +20% +35% +27% +27%
ROCE Average +15% +18% +14% +14%

GLEN Industries Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 74.3 %
FII 0 %
DII (MF + Insurance) 6.01 %
Public (retail) 19.69 %
# Jun 2025 Jul 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 73737373.3174.3
FII 1.831.830.2200
DII 9.339.338.846.646.01
Public 15.8415.8417.9320.0419.69
Others 00000
Total 100100100100100

GLEN Industries Peer Comparison

Packaging Edit Columns

GLEN Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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GLEN Industries Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 35%
  • Debtor days have improved from 36.81 to 29.76days.
  • Company has reduced debt.

Cons

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