515147

Haldyn Glass financials

Market cap
₹783 Cr
Sector
Capital Goods

What Haldyn Glass does

Haldyn Glass Limited manufactures glass containers and bottles used to package alcoholic and non-alcoholic beverages, food, personal care and homecare products, with the liquor industry as its largest customer segment. It operates as a single-segment glass bottles/containers business, serving domestic and international customers/brands. The company also holds a wholly owned US subsidiary for marketing support and a joint-venture glass manufacturing associate in India.

Segments

  • Glass bottles / containers
Manufacturing plant / registered works
1 (Village Gavasad, Taluka Padra, Vadodara, Gujarat)
Permanent employees
445
Business segments
1 (Glass bottles/containers)
Wholly owned subsidiary
Haldyn Glass USA Inc. (marketing services)
Joint venture / associate
Haldyn Heinz Fine Glass Private Limited (56.80% stake)
Headquarters Village Gavasad, Taluka Padra, District Vadodara, Gujarat (Registered Office & Works); Corporate Office in Goregaon (East), MumbaiEmployees 445 (FY25 (as on March 31, 20) Company website

Quarterly results

Q1 FY27: revenue up 20.9%, net profit up 100.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue106 105 84 115 116 +9%125 +19%108 +29%139 +21%
EBITDA15 12 14 17 14 −7%16 +33%16 +14%22 +29%
Net profit5 4 4 5 7 +40%5 +25%7 +75%10 +100%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +36.8% 1Y

₹80₹100₹120₹140Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹108.9 on 10 Sept 2025 → ₹149. High ₹149 (11 Sept 2026), low ₹71.95 (30 Mar 2026).

Financials, as filed

Revenue grew 13.2% a year over 3 years, FY23 to FY26. Operating margin widened to 13.6%.

Year endingFY23FY24FY25FY26
Revenue₹320 Cr₹298 Cr₹382 Cr₹464 Cr
Operating profit₹30 Cr₹40 Cr₹53 Cr₹63 Cr
Operating margin9.3%13.4%13.9%13.6%
Interest₹1 Cr₹9 Cr₹16 Cr₹13 Cr
Depreciation₹8 Cr₹18 Cr₹29 Cr₹31 Cr
Net profit₹27 Cr₹25 Cr₹18 Cr₹24 Cr
Net margin8.4%8.4%4.7%5.2%
Cash from operations₹31 Cr₹19 Cr₹45 Cr₹62 Cr
Free cash flow₹-32 Cr₹-77 Cr₹7 Cr₹33 Cr
ROCE18.0%13.0%12.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr
Reserves₹139 Cr₹148 Cr₹172 Cr₹194 Cr₹216 Cr₹229 Cr
Borrowings₹6 Cr₹12 Cr₹47 Cr₹123 Cr₹133 Cr₹116 Cr
Other liabilities₹36 Cr₹36 Cr₹47 Cr₹127 Cr₹154 Cr₹151 Cr
Total liabilities₹186 Cr₹202 Cr₹271 Cr₹450 Cr₹509 Cr₹502 Cr
Fixed assets₹45 Cr₹45 Cr₹57 Cr₹240 Cr₹251 Cr₹251 Cr
Capital work in progress₹0 Cr₹1 Cr₹23 Cr₹9 Cr₹1 Cr₹2 Cr
Investments₹17 Cr₹29 Cr₹35 Cr₹43 Cr₹57 Cr₹60 Cr
Other assets₹124 Cr₹127 Cr₹156 Cr₹158 Cr₹200 Cr₹189 Cr
Total assets₹186 Cr₹202 Cr₹271 Cr₹450 Cr₹509 Cr₹502 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +1.00 pp while DIIs trimmed −0.61 pp. The shareholder count shrank 4% to 20,588.

Promoters
59.1%
DIIs
2.0%
Public
38.8%

Since Jun 2025

  • Promoters +1.00 pp
  • DIIs −0.61 pp
  • Public −0.38 pp

How it drifted, 12 quarters

Over this window the public fell from 41.9% to 38.8% — −3.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 58.1%, Public 41.9%.Dec '23: Promoters 58.1%, DIIs 1.2%, Public 40.7%.Mar '24: Promoters 58.1%, DIIs 1.5%, Public 40.4%.Jun '24: Promoters 58.1%, DIIs 1.7%, Public 40.1%.Sep '24: Promoters 58.1%, FIIs 0.1%, DIIs 1.8%, Public 40.0%.Dec '24: Promoters 58.1%, DIIs 2.0%, Public 39.9%.Mar '25: Promoters 58.1%, DIIs 2.4%, Public 39.4%.Jun '25: Promoters 58.1%, DIIs 2.6%, Public 39.2%.Sep '25: Promoters 58.5%, DIIs 1.5%, Public 40.0%.Dec '25: Promoters 58.9%, DIIs 1.5%, Public 39.6%.Mar '26: Promoters 59.0%, DIIs 1.8%, Public 39.2%.Jun '26: Promoters 59.1%, DIIs 2.0%, Public 38.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Haldyn Glass above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Haldyn Corporation Limited 55.91%+0.13 pp
Tarun N Shetty 2.03%unchanged
Umesh Chimanlal Shah Huf 1.52%unchanged
Zaki Abbas Nasser 1.42%−0.25 pp
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.35%unchanged
Vinita Rohan Ajila 1.20%unchanged
PGIM India Equity Growth Opportunities Fund Series Ii Mutual fund1.18%+0.17 pp
Nitin Netar Parkash 1.11%unchanged
Marfatia Stock Broking Pvt Ltd 1.00%newly disclosed
Shakuntala Narendra Shetty 0.00%unchanged
Narenddra D Shetty 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹149, this stock must grow earnings at 22% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹40 — downside of 73%.

Growth the price implies
21.7% a year
for 7 years, fading to 4%
It has actually compounded at
-3.7% a year
net profit, FY23–FY26 · EPS -2.7%
The gap
0.2 pp
-73% downside if it only repeats history
Price today ₹149 Value at the reference growth ₹40.43

Change the assumptions yourself →

Learn to analyse Haldyn Glass

Guides on how to read this kind of business and the numbers that matter.