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Haldyn Glass

₹150.6 1.5 | 1%

Market Cap ₹809 Cr.

Stock P/E 33.2

P/B 4.2

Current Price ₹150.6

Book Value ₹ 35.8

Face Value 1

52W High ₹188.9

Dividend Yield 0.47%

52W Low ₹ 69

Haldyn Glass Research see more...

Overview Inc. Year: 1991Industry: Glass

Haldyn Glass Ltd is an Indian glass manufacturing company that produces a wide range of glass products for various applications. Established in 1991, the company operates a state-of-the-art glass manufacturing facility in Hyderabad, India, and has a strong presence in the domestic and international markets. Haldyn Glass produces high-quality glass products such as toughened glass, laminated glass, insulated glass, and decorative glass for architectural, automotive, and industrial applications. The company also offers glass processing services such as edge grinding, bevelling, sandblasting, and digital printing. With a focus on quality, innovation, and customer satisfaction, Haldyn Glass has established itself as a leading player in the Indian glass industry. The company's commitment to sustainability is reflected in its use of eco-friendly production processes and materials. Haldyn Glass is committed to continuing its growth trajectory while maintaining its focus on quality and customer satisfaction.

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Haldyn Glass Share Price

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Peer Comparison

Haldyn Glass Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 53 60 55 76 81 89 74 73 46 95
Other Income 1 1 2 1 2 1 0 2 5 0
Total Income 54 61 57 78 83 89 74 75 52 95
Total Expenditure 48 53 55 70 73 79 68 62 48 79
Operating Profit 6 8 2 8 10 10 6 13 4 16
Interest 0 0 0 0 0 0 1 1 1 2
Depreciation 2 2 2 2 2 2 2 2 3 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 5 0 6 8 8 4 10 -1 8
Provision for Tax 1 1 -1 2 2 3 -1 3 -1 2
Profit After Tax 3 4 1 4 5 5 5 7 0 6
Adjustments -0 -0 2 2 3 1 2 2 3 0
Profit After Adjustments 3 4 3 7 8 6 7 9 3 6
Adjusted Earnings Per Share 0.5 0.7 0.6 1.2 1.5 1.1 1.2 1.7 0.5 1.1

Haldyn Glass Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 141 172 166 223 229 178 213 320 288
Other Income 3 3 5 3 4 5 5 5 7
Total Income 144 175 171 226 233 183 218 324 296
Total Expenditure 124 145 153 199 204 157 196 289 257
Operating Profit 20 30 19 27 29 25 21 35 39
Interest 1 1 1 1 1 1 1 2 5
Depreciation 8 11 11 11 13 10 7 8 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 11 18 7 16 15 14 14 33 21
Provision for Tax 4 6 1 4 5 4 3 6 3
Profit After Tax 7 11 6 12 11 10 12 27 18
Adjustments 0 -1 -7 -7 -2 -3 0 0 7
Profit After Adjustments 7 11 -0 6 8 7 12 27 25
Adjusted Earnings Per Share 1.2 2 -0.1 1 1.5 1.4 2.2 5 4.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 50% 12% 14% 0%
Operating Profit CAGR 67% 6% 13% 0%
PAT CAGR 125% 35% 35% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 83% 54% 37% 27%
ROE Average 16% 10% 10% 8%
ROCE Average 18% 13% 12% 11%

Haldyn Glass Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 120 134 130 134 139 144 153 177
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 26
Other Non-Current Liabilities 10 12 12 8 8 7 5 3
Total Current Liabilities 46 24 24 32 26 35 41 63
Total Liabilities 176 170 166 175 173 186 200 269
Fixed Assets 84 75 66 59 50 45 45 57
Other Non-Current Assets 26 27 29 27 25 23 36 94
Total Current Assets 66 68 70 89 97 118 120 118
Total Assets 176 170 166 175 173 186 200 269

Haldyn Glass Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 29 4 3 5 12 18 5 2
Cash Flow from Operating Activities 14 21 9 7 16 22 10 31
Cash Flow from Investing Activities -49 -1 -5 -2 1 -1 -12 -58
Cash Flow from Financing Activities 9 -21 -3 3 -10 -2 -1 30
Net Cash Inflow / Outflow -25 -1 2 7 6 20 -3 3
Closing Cash & Cash Equivalent 4 3 5 12 18 38 2 5

Haldyn Glass Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.24 2 -0.09 1.03 1.53 1.39 2.2 5.01
CEPS(Rs) 2.71 4.17 3.25 4.3 4.36 3.78 3.54 6.41
DPS(Rs) 0.5 0.55 0.3 0.6 0.6 0.6 0.6 0.7
Book NAV/Share(Rs) 21.94 24.87 24.16 24.89 25.83 26.8 28.55 32.91
Core EBITDA Margin(%) 10.54 14.37 7.98 10.8 11.07 11.47 7.65 9.59
EBIT Margin(%) 7.66 10.02 4.55 7.24 7.15 8.45 7.15 10.88
Pre Tax Margin(%) 6.86 9.3 4.23 7.01 6.71 8.03 6.8 10.28
PAT Margin (%) 4.22 5.94 3.82 5.44 4.59 5.64 5.56 8.42
Cash Profit Margin (%) 9.23 11.83 10.29 10.37 10.23 11.41 8.94 10.78
ROA(%) 3.78 6.51 3.86 7.13 6.05 5.58 6.12 11.47
ROE(%) 5.65 8.94 4.91 9.2 7.72 7.09 7.95 16.3
ROCE(%) 8.88 13.99 5.76 11.78 11.64 10.45 9.88 18.26
Receivable days 62.87 54.19 68.65 69.62 83.25 102.71 84.92 64.18
Inventory Days 70.15 59.96 61.99 39.55 33.04 47.39 49.72 29.61
Payable days 98.81 58.33 55.86 56.32 60.49 113.06 94.85 77.88
PER(x) 23.53 22.52 0 33.92 12.15 22.86 19.37 12.54
Price/Book(x) 1.33 1.81 1.56 1.41 0.72 1.19 1.49 1.91
Dividend Yield(%) 1.72 1.22 0.79 1.71 3.22 1.88 1.41 1.11
EV/Net Sales(x) 1.21 1.39 1.21 0.82 0.36 0.77 0.99 1.11
EV/Core EBITDA(x) 8.53 7.96 10.74 6.76 2.84 5.39 9.78 10.03
Net Sales Growth(%) 0 22.41 -3.53 34.24 2.88 -22.44 19.6 50.21
EBIT Growth(%) 0 57.13 -59.37 109.29 1.54 -8.25 1.23 128.46
PAT Growth(%) 0 68.96 -42.48 87.44 -13.28 -4.71 17.94 127.64
EPS Growth(%) 0 61.11 -104.6 1223.58 48.69 -9.18 57.85 127.64
Debt/Equity(x) 0.15 0.01 0.02 0.06 0.01 0.02 0.05 0.24
Current Ratio(x) 1.43 2.84 2.91 2.76 3.77 3.37 2.89 1.88
Quick Ratio(x) 0.78 1.51 1.84 2.06 3.04 2.59 2.15 1.54
Interest Cover(x) 9.6 14 14.38 32.24 16.55 19.85 20.06 18.1
Total Debt/Mcap(x) 0.12 0.01 0.01 0.04 0.02 0.02 0.03 0.13

Haldyn Glass Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 57.2 57.68 57.93 57.93 57.93 58.11 58.14 58.14 58.14 58.14
FII 0.04 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 1.17 1.51
Public 42.76 42.32 42.07 42.07 42.07 41.89 41.86 41.86 40.69 40.36
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 35% CAGR over last 5 years
  • Debtor days have improved from 94.85 to 77.88days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 4.2 times its book value.

* 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.

Haldyn Glass News

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