Haldyn Glass

₹132 -3.4 | 2.5%

WEBSITE BSE:515147 NSE : HALDYN GLASS 03 Jun, 13:37

Market Cap ₹710 Cr.

Stock P/E 28.9

P/B 3.4

Current Price ₹132

Book Value ₹ 38.7

Face Value 1

52W High ₹188.9

Dividend Yield 0.53%

52W Low ₹ 69.6

Edit Ratio

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.

Haldyn Glass Share Price

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Peer Comparison

Haldyn Glass Quarterly Results

#(Fig in Cr.)	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	55	39	43	40	42	45
Other Income	0	2	1	1	2	2
Total Income	55	41	44	40	44	47
Total Expenditure	45	34	39	34	39	43
Operating Profit	11	7	4	6	5	3
Interest	0	0	0	0	0	0
Depreciation	3	3	3	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0
Profit Before Tax	8	4	2	3	2	1
Provision for Tax	3	1	1	1	0	-1
Profit After Tax	5	3	1	2	2	2
Adjustments	-5	-3	-1	-2	-2	-2
Profit After Adjustments	0	0	0	0	0	0
Adjusted Earnings Per Share	0.9	0.5	0.2	0.4	0.3	0.4

Haldyn Glass Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	153	161	156	141	172	166	223	229	178	213	320	170
Other Income	1	3	4	3	3	5	3	4	5	5	5	6
Total Income	154	164	159	144	175	171	226	233	183	218	324	175
Total Expenditure	111	128	129	124	145	153	199	204	157	196	289	155
Operating Profit	42	36	30	20	30	19	27	29	25	21	35	18
Interest	2	1	0	1	1	1	1	1	1	1	2	0
Depreciation	9	7	5	8	11	11	11	13	10	7	8	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	32	28	24	11	18	7	16	15	14	14	26	8
Provision for Tax	10	10	8	4	6	1	4	5	4	3	6	1
Profit After Tax	22	18	16	7	11	6	12	11	10	11	20	7
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-7
Profit After Adjustments	22	18	16	7	11	6	12	11	10	11	20	0
Adjusted Earnings Per Share	4.1	3.4	3	1.2	2.1	1.2	2.3	2	1.9	2	3.7	1.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	12%	14%	8%
Operating Profit CAGR	67%	6%	13%	-2%
PAT CAGR	82%	22%	27%	-1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	81%	49%	32%	23%
ROE Average	11%	8%	8%	11%
ROCE Average	13%	10%	10%	15%

Haldyn Glass Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	97	111	117	120	134	137	148	155	163	171	188
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	26
Other Non-Current Liabilities	8	8	7	10	12	12	8	8	7	5	3
Total Current Liabilities	28	25	28	46	24	24	32	26	35	41	63
Total Liabilities	134	145	151	176	170	173	189	190	205	218	280
Fixed Assets	62	64	56	84	75	66	59	50	45	45	57
Other Non-Current Assets	3	3	15	26	27	37	41	42	42	54	104
Total Current Assets	69	78	80	66	68	70	89	97	118	120	118
Total Assets	134	145	151	176	170	173	189	190	205	218	280

Haldyn Glass Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	11	4	26	29	4	3	5	12	18	5	2
Cash Flow from Operating Activities	10	45	13	14	22	16	13	18	25	10	30
Cash Flow from Investing Activities	-1	-12	-6	-48	-2	-12	-8	-2	-3	-12	-58
Cash Flow from Financing Activities	-17	-10	-3	9	-21	-3	3	-10	-2	-1	30
Net Cash Inflow / Outflow	-7	22	3	-25	-1	2	7	6	20	-3	2
Closing Cash & Cash Equivalent	4	26	29	4	3	5	12	18	38	2	4

Haldyn Glass Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.1	3.42	2.98	1.24	2.09	1.2	2.26	1.96	1.87	2.02	3.66
CEPS(Rs)	5.71	4.74	4	2.71	4.17	3.25	4.3	4.36	3.78	3.36	5.07
DPS(Rs)	0.75	0.75	0.75	0.5	0.55	0.3	0.6	0.6	0.6	0.6	0.7
Book NAV/Share(Rs)	17.69	20.24	21.31	21.95	24.98	25.57	27.52	28.88	30.31	31.86	34.88
Core EBITDA Margin(%)	24.09	18.2	15.07	10.56	14.37	7.98	10.8	11.07	11.47	7.65	9.48
EBIT Margin(%)	19.67	15.89	13.97	7.66	10.02	4.55	7.24	7.15	8.45	6.7	8.59
Pre Tax Margin(%)	18.69	15.53	13.77	6.86	9.3	4.23	7.01	6.71	8.03	6.35	7.99
PAT Margin (%)	12.89	10.18	9.19	4.23	5.94	3.82	5.44	4.59	5.64	5.11	6.16
Cash Profit Margin (%)	17.95	14.09	12.32	9.23	11.83	10.29	10.37	10.23	11.41	8.49	8.52
ROA(%)	16.97	13.22	10.83	4.07	6.5	3.77	6.7	5.56	5.08	5.14	7.92
ROE(%)	25.52	18.06	14.35	5.73	8.92	4.76	8.5	6.94	6.3	6.5	10.98
ROCE(%)	34.43	27.25	21.47	9.54	13.96	5.59	10.92	10.5	9.31	8.27	13.42
Receivable days	73.16	68.94	57.11	61.18	54.19	68.65	69.62	83.25	102.71	84.92	64.18
Inventory Days	37.77	39.92	39.02	59.82	59.96	61.99	39.55	33.04	47.39	49.72	29.61
Payable days	79.98	64.28	82.44	94.39	58.33	55.86	56.32	60.49	113.06	107.01	85.28
PER(x)	3.29	3.65	7.53	23.51	21.47	31.35	15.51	9.53	17.08	21.07	17.14
Price/Book(x)	0.76	0.62	1.05	1.33	1.8	1.48	1.27	0.65	1.05	1.34	1.8
Dividend Yield(%)	5.56	6	3.34	1.72	1.22	0.79	1.71	3.22	1.88	1.41	1.11
EV/Net Sales(x)	0.49	0.26	0.6	1.21	1.39	1.21	0.82	0.36	0.77	0.99	1.11
EV/Core EBITDA(x)	1.77	1.19	3.15	8.53	7.96	10.74	6.76	2.84	5.39	9.78	10.15
Net Sales Growth(%)	-12.59	5.76	-3.59	-9.58	22.41	-3.53	34.24	2.88	-22.44	19.6	50.21
EBIT Growth(%)	-10.18	-14.58	-15.22	-50.44	57.16	-59.37	109.29	1.54	-8.25	-5.14	92.5
PAT Growth(%)	-9.1	-16.5	-12.94	-58.42	68.86	-42.48	87.44	-13.28	-4.71	8.39	81.26
EPS Growth(%)	-9.1	-16.5	-12.94	-58.42	68.86	-42.48	87.44	-13.28	-4.71	8.39	81.26
Debt/Equity(x)	0.06	0.01	0.02	0.15	0.01	0.02	0.05	0.01	0.02	0.04	0.23
Current Ratio(x)	2.44	3.11	2.9	1.45	2.84	2.91	2.76	3.77	3.37	2.89	1.87
Quick Ratio(x)	1.6	2.48	2.13	0.79	1.51	1.84	2.06	3.04	2.59	2.15	1.54
Interest Cover(x)	20.11	43.75	69.18	9.64	14	14.38	32.24	16.55	19.85	18.8	14.31
Total Debt/Mcap(x)	0.08	0.02	0.02	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

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.07	3.1	3.11	3.11	3.11	3.12	3.12	3.12	3.12	3.12
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0.06	0.08
Public	2.3	2.27	2.26	2.26	2.26	2.25	2.25	2.25	2.19	2.17
Others	0	0	0	0	0	0	0	0	0	0
Total	5.38	5.38	5.38	5.38	5.38	5.38	5.38	5.38	5.38	5.38

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Debtor days have improved from 107.01 to 85.28days.
Company is almost debt free.

Cons

Company has a low return on equity of 8% over the last 3 years.
Stock is trading at 3.4 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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Haldyn Glass

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Haldyn Glass Research see more...

Overview Inc. Year: 1991Industry: Glass

Haldyn Glass Share Price

Alert Data

Quarterly Price

Peer Comparison

Haldyn Glass Quarterly Results

Haldyn Glass Profit & Loss

Growth Rates

Haldyn Glass Balance Sheet

Haldyn Glass Cash Flow

Haldyn Glass Ratios

Haldyn Glass Shareholding Pattern

Haldyn Glass News

IPO

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