HALDYNGL
Haldyn Glass financials
- Market cap
- ₹784 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 20.9%, net profit up 100.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 106 | 105 | 84 | 115 | 116 +9% | 125 +19% | 108 +29% | 139 +21% |
| EBITDA | 15 | 12 | 14 | 17 | 14 −7% | 16 +33% | 16 +14% | 22 +29% |
| Net profit | 5 | 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 +33.8% 1Y
1Y: ₹108.9 on 10 Sept 2025 → ₹145.7. High ₹147.7 (4 Sept 2026), low ₹71.95 (30 Mar 2026).
Financials, as filed
Revenue grew 24.8% a year over 2 years, FY24 to FY26. Operating margin held at 13.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹298 Cr | ₹382 Cr | ₹464 Cr |
| Operating profit | ₹40 Cr | ₹53 Cr | ₹63 Cr |
| Operating margin | 13.4% | 13.9% | 13.6% |
| Interest | ₹9 Cr | ₹16 Cr | ₹13 Cr |
| Depreciation | ₹18 Cr | ₹29 Cr | ₹31 Cr |
| Net profit | ₹25 Cr | ₹18 Cr | ₹24 Cr |
| Net margin | 8.4% | 4.7% | 5.2% |
| Cash from operations | ₹19 Cr | ₹45 Cr | ₹62 Cr |
| Free cash flow | ₹-77 Cr | ₹7 Cr | ₹33 Cr |
| ROCE | 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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| 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.
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 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.
- Marfatia Stock Broking Pvt Ltd newly disclosed 1.00% held
- PGIM India Equity Growth Opportunities Fund Series Ii Mutual fund +0.17 pp 1.18% held
- Haldyn Corporation Limited +0.13 pp 55.91% held
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 Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 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 fund | 1.18% | +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 trapTo justify its price of ₹146, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~0%. At that growth it is worth ₹48 — downside of 67%.
- Growth the price implies
- 21.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -2.0% a year
- net profit, FY24–FY26 · EPS 0.4%
- The gap
- 0.2 pp
- -67% downside if it only repeats history
Learn to analyse Haldyn Glass Limited
Guides on how to read this kind of business and the numbers that matter.