Annual reportSep 2026
Sep 2026 · Reg. 34 (1) Annual Report. 11 Aug - 35th AGM on Sep 4, 2026; FY26 annual report submitted; 70% dividend recommended.
Source: Bse
Haldyn Glass Limited (HALDYNGL)
Small CapIndustrials stocks · Small cap · NSE
Haldyn Glass Limited operates in Glass Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result03 Aug, 08:28 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
52NeutralSMA20 +4.4% / mo · MACD −
Stock trend: 56
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HALDYNGLD candles · FIT view+62.9%Latest close ₹143.83 on 2026-10-21
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-6.0%
RSI
49
MACD hist
-0.02
52W pos
73%
2026-10-21O ₹152.98H ₹155.39L ₹140.25C ₹143.83Vol 97,883 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HALDYNGLNifty India ManufacturingNifty 500
- HALDYNGL
- +21.4%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +27.9 pp
Chart stats
21 Oct 2026- From 52W high
- -13.4%
- 52W range position
- 73%
- ATR (14)
- 6.3%
- Volume vs 20D
- 0.76x
- Avg traded value
- ₹2 Cr
- 20D price channel
- ₹136.2 - ₹166
₹166
₹85 - ₹166
₹9
Latest completed session
20-session average
57.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE51
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +20.9% · PAT +100.0% YoY
Technical
Neutral52
Price trend and sector-relative-strength timing.
Valuation
Legacy model+33.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +21% YoY · PAT +100% YoY · margin expansion · +29% QoQ · operating leverage
Filed 03 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹139 Cr | +20.9% | +28.7% |
| EBITDA | ₹22 Cr | +29.4% | +37.5% |
| Operating margin | 16.0% | +100 bps | +100 bps |
| PAT | ₹10 Cr | +100.0% | +42.9% |
| PAT margin | 7.2% | +284 bps | +71 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.80
- P/B
- 3.28
- EV/EBITDA
- 9.02
- Market Cap
- 768.00Cr
Profitability
- ROE
- 11.40%
- ROCE
- 13.50%
- ROA
- 5.98%
- Dividend Y
- 0.49%
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 28.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.50
- Interest Coverage
- 5.23×
- Altman Z
- 3.94
- Book Value
- 43.60
Cash Flow
- FCF Yield
- 3.65%
- FCF Positive Y
- 7/5
- OCF
- 62.00 Cr
- EPS TTM
- 5.52
Shareholding
- Promoter Hold
- 59.14%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 78%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 139+28.7% vs prev
Net Profit
₹ CrLatest: 10.0+42.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 49.
- SMA20 rising (~4.2% over last month) — short-term momentum positive.
- RSI(14) at 49 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 13% off 52W high · 69% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
89
RS percentile
Insufficient history
1M return
+0.7%
3M return
+21.4%
6M return
+49.3%
1Y return
-
RS 1D
-3
RS 20D
-
Sector rank
#2
Industry rank
#11
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price above
200-DMA
unavailable
Sector
leading
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
128 observations
21 Oct 2026Value 169.12-4.24%
RS vs Nifty 500169
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation8/30
Growth20/25
Quality3/20
Balance Sheet7/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
51
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
51/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 3.6%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 33.7%.
Main drags
- Quality is weaker at 3/20; verify the latest quarterly trend.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
24.8
PB
3.3
EV/EBITDA
9.0
ROE
11.4%
ROCE
13.5%
FCF Yield
3.6%
Debt/Equity
0.5
MoS
+33.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
51
Previous: 51
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+33.7%
Previous: +30.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
51
51
51
51
51
51
50
51
51
51
51
51
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹73.59
-95.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹216.94
+33.7% MoS
PEG
0.89
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AGI
Small
AGI Greenpac Limited
Packaging
match 70
81
13.8
15.7%
+67%
DEEP VALUE
KANPRPLA
Small
Kanpur Plastipack Limited
Packaging
match 60
54
13.7
14.9%
-29%
FAIR VALUE
PYRAMID
Small
Pyramid Technoplast Limited
Packaging
match 59
42
18.1
11.0%
+60%
WATCHLIST
BBTCL
Small
B&B Triplewall Containers Limited
Packaging
match 58
53
14.5
17.0%
+67%
FAIR VALUE
HITECHCORP
Small
Hitech Corporation Limited
Packaging
match 58
28
30.9
5.8%
-66%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Haldyn Glass Limited operates in Glass Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 83rd percentile within Industrials. Main check: financial discipline is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Industrials: 83rd pctile, median 68 · Small: 86th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
90
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 59.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.5%.
- ▸7 years of positive FCF.
Trust risks
- ▸Revenue CAGR is 13% but EPS CAGR is -1%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Haldyn Glass Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug
Source: Bse
Announcement
Announcement Under Regulation 30 (LODR) - Acquisition By Associate Company Of Haldyn Glass Limited 10 Jul - Associate Haldyn Heinz Fine Glass signed agreement to buy 1.39% in Jamnagar Renewables Two for Rs. 3.74 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Updates on Acquisition 25 Jun - Haldyn Glass to acquire additional stake in Jamnagar Renewables Two for Rs. 1.44 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jun - Newspaper Publication of Notice for transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May
Source: Bse
Announcement
Compliances-Reg.24(A)-Annual Secretarial Compliance 21 May - Haldyn Glass filed FY26 secretarial compliance report; BSE fined delays in board meeting and related-party disclosures.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.