New Risk • May 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹6.13b market cap, or US$64.3m). Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹4.61 (vs ₹3.50 in FY 2025) Full year 2026 results: EPS: ₹4.61 (up from ₹3.50 in FY 2025). Revenue: ₹4.73b (up 23% from FY 2025). Net income: ₹247.7m (up 32% from FY 2025). Profit margin: 5.2% (up from 4.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • May 12
Haldyn Glass Limited to Report Q4, 2026 Results on May 21, 2026 Haldyn Glass Limited announced that they will report Q4, 2026 results on May 21, 2026 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹109, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 17x in the Packaging industry in India. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹83.18, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 25% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.98 (vs ₹0.74 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.98 (up from ₹0.74 in 3Q 2025). Revenue: ₹1.28b (up 21% from 3Q 2025). Net income: ₹52.7m (up 33% from 3Q 2025). Profit margin: 4.1% (up from 3.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹93.79, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 55% over the past three years. Aankondiging • Jan 27
Haldyn Glass Limited to Report Q3, 2026 Results on Feb 13, 2026 Haldyn Glass Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹1.27 (vs ₹0.97 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.27 (up from ₹0.97 in 2Q 2025). Revenue: ₹1.16b (up 9.3% from 2Q 2025). Net income: ₹68.0m (up 30% from 2Q 2025). Profit margin: 5.9% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • Nov 07
Haldyn Glass Limited to Report Q2, 2026 Results on Nov 11, 2025 Haldyn Glass Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 02
Upcoming dividend of ₹0.70 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.9%). New Risk • Aug 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹5.97b market cap, or US$68.4m). Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹1.00 (vs ₹0.95 in 1Q 2025) First quarter 2026 results: EPS: ₹1.00 (up from ₹0.95 in 1Q 2025). Revenue: ₹1.15b (up 33% from 1Q 2025). Net income: ₹54.0m (up 5.7% from 1Q 2025). Profit margin: 4.7% (down from 5.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Aug 16
Dividend of ₹0.70 announced Dividend of ₹0.70 is the same as last year. Ex-date: 9th September 2025 Payment date: 16th October 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 14
Haldyn Glass Limited, Annual General Meeting, Sep 16, 2025 Haldyn Glass Limited, Annual General Meeting, Sep 16, 2025, at 11:30 Indian Standard Time. Location: gavasad, padra, vadodara 391430, vadodara India Aankondiging • Aug 09
Haldyn Glass Limited to Report Q1, 2026 Results on Aug 14, 2025 Haldyn Glass Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹152, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹129, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 23x in the Packaging industry in India. Total returns to shareholders of 250% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹3.50 (vs ₹4.57 in FY 2024) Full year 2025 results: EPS: ₹3.50 (down from ₹4.57 in FY 2024). Revenue: ₹3.89b (up 29% from FY 2024). Net income: ₹188.1m (down 23% from FY 2024). Profit margin: 4.8% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 21
Haldyn Glass Limited to Report Q4, 2025 Results on May 29, 2025 Haldyn Glass Limited announced that they will report Q4, 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹110, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹102, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 152% over the past three years. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (₹5.43b market cap, or US$62.4m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹93.55, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 152% over the past three years. New Risk • Feb 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (₹6.83b market cap, or US$78.1m). Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹0.74 (vs ₹1.07 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.74 (down from ₹1.07 in 3Q 2024). Revenue: ₹1.09b (up 14% from 3Q 2024). Net income: ₹39.8m (down 31% from 3Q 2024). Profit margin: 3.6% (down from 6.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 30
Haldyn Glass Limited to Report Q3, 2025 Results on Feb 06, 2025 Haldyn Glass Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹153, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 322% over the past three years. Aankondiging • Nov 05
Haldyn Glass Limited to Report Q2, 2025 Results on Nov 12, 2024 Haldyn Glass Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹167, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 28x in the Packaging industry in India. Total returns to shareholders of 359% over the past three years. Aankondiging • Sep 10
Haldyn Glass Limited Announces Cessation of Mr. Sikandar Talwar and Mrs. K. J. Udeshi as Independent Directors Haldyn Glass Limited announced that Mr. Sikandar Talwar (Din: 01630705) and Mrs. K. J. Udeshi (Din: 01344073), have completed their second term as an Independent Directors of the Company and accordingly, ceased to be the Director of the Company effective at the closure of September 08, 2024. Upcoming Dividend • Sep 05
Upcoming dividend of ₹0.70 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 19 October 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.7%). Declared Dividend • Aug 15
Dividend of ₹0.70 announced Dividend of ₹0.70 is the same as last year. Ex-date: 12th September 2024 Payment date: 19th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.95 (vs ₹1.70 in 1Q 2024) First quarter 2025 results: EPS: ₹0.95 (down from ₹1.70 in 1Q 2024). Revenue: ₹868.4m (up 19% from 1Q 2024). Net income: ₹51.0m (down 44% from 1Q 2024). Profit margin: 5.9% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 13
Haldyn Glass Limited, Annual General Meeting, Sep 19, 2024 Haldyn Glass Limited, Annual General Meeting, Sep 19, 2024, at 11:30 Indian Standard Time. Location: village gavasad, taluka padra, dist., vadodara - 391 430., vadodara India Aankondiging • Aug 05
Haldyn Glass Limited to Report Q1, 2025 Results on Aug 13, 2024 Haldyn Glass Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹4.57 (vs ₹5.01 in FY 2023) Full year 2024 results: EPS: ₹4.57 (down from ₹5.01 in FY 2023). Revenue: ₹3.14b (down 1.9% from FY 2023). Net income: ₹245.7m (down 8.7% from FY 2023). Profit margin: 7.8% (down from 8.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 25
Haldyn Glass Limited Recommends Dividend for the Financial Year Ended March 31, 2024 Haldyn Glass Limited at its board of directors meeting held on May 24, 2024, recommended a dividend of INR 0.70 (i.e. 70%) per equity share of INR 1.00 each fully paid-up for the financial year ended March 31, 2024, subject to the approval of the members at the upcoming Annual General Meeting of the Company and will be paid within 30 days from the date of AGM. Aankondiging • May 19
Haldyn Glass Limited to Report Q4, 2024 Results on May 24, 2024 Haldyn Glass Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹140, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 325% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹172, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 479% over the past three years. Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹1.07 (vs ₹1.07 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.07 (in line with 3Q 2023). Revenue: ₹954.4m (up 7.7% from 3Q 2023). Net income: ₹57.7m (flat on 3Q 2023). Profit margin: 6.0% (down from 6.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 29
Haldyn Glass Limited to Report Q3, 2024 Results on Feb 05, 2024 Haldyn Glass Limited announced that they will report Q3, 2024 results on Feb 05, 2024 Board Change • Dec 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Gopalaraman Padmanabhan was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 04
Haldyn Glass Limited to Report Q2, 2024 Results on Nov 10, 2023 Haldyn Glass Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Aankondiging • Sep 26
Haldyn Glass Limited Announces Appointment of Mr. Raghavender Yeluri as Head HR and Administration Haldyn Glass Limited informed that Mr. Raghavender Yeluri has taken over the role of Head HR and Administration from September 25, 2023. However, Mr. Dilip Bhatnagar Senior Vice President HR and Administration will remain as a mentor and coach, offering his valuable expertise to the HR function. Prior to joining Company, Mr. Raghavender held the position of Head of HR at INEOS Styrolution in Vadodara, where he contributed to the company's success since 2016. With an MBA in HR and two decades of experience in HR/IR, Raghavender brings in expertise in HR from his previous tenure at esteemed organizations such as ABB and Schneider. Aankondiging • Sep 15
Haldyn Glass Limited Approves to Declare Dividend for the Financial Year Ended March 31, 2023 Haldyn Glass Limited at the AGM held on September 13, 2023, approved to declare a dividend of 70% or INR 0.70 per Equity Share of INR l.00 each for the financial year ended March 31, 2023. Upcoming Dividend • Aug 30
Upcoming dividend of ₹0.70 per share at 0.6% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.0%). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: ₹1.70 (vs ₹1.23 in 1Q 2023) First quarter 2024 results: EPS: ₹1.70 (up from ₹1.23 in 1Q 2023). Revenue: ₹746.3m (down 2.0% from 1Q 2023). Net income: ₹91.5m (up 39% from 1Q 2023). Profit margin: 12% (up from 8.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 29
Haldyn Glass Limited to Report Q1, 2024 Results on Aug 03, 2023 Haldyn Glass Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹5.01 (vs ₹2.20 in FY 2022) Full year 2023 results: EPS: ₹5.01 (up from ₹2.20 in FY 2022). Revenue: ₹3.24b (up 52% from FY 2022). Net income: ₹269.2m (up 128% from FY 2022). Profit margin: 8.3% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Aankondiging • May 27
Haldyn Glass Limited Recommends Dividend for the Financial Year Ended March 31, 2023 The Board of Directors of Haldyn Glass Limited at its meeting held on May 24, 2023, recommended a dividend of INR 0.70/- (i.e. 70%) per equity share of INR 1/- each fully paid-up for the financial year ended March 31, 2023, subject to the approval of the members at the upcoming Annual General Meeting ("AGM") of the Company and will be paid within 30 days from the date of AGM. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹1.07 (vs ₹0.72 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.07 (up from ₹0.72 in 3Q 2022). Revenue: ₹894.4m (up 49% from 3Q 2022). Net income: ₹57.3m (up 48% from 3Q 2022). Profit margin: 6.4% (down from 6.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 06
Haldyn Glass Limited to Report Q3, 2023 Results on Feb 14, 2023 Haldyn Glass Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹1.49 (vs ₹0.51 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.49 (up from ₹0.51 in 2Q 2022). Revenue: ₹827.1m (up 55% from 2Q 2022). Net income: ₹80.3m (up 192% from 2Q 2022). Profit margin: 9.7% (up from 5.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Ajit Shah was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 07
Haldyn Glass Limited to Report Q2, 2023 Results on Nov 14, 2022 Haldyn Glass Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Aankondiging • Sep 15
Haldyn Glass Limited Approves the Final Dividend on Equity Shares of the Company for the Financial Year Ended March 31, 2022 Haldyn Glass Limited approved the final dividend on equity shares of the Company for the Financial Year ended March 31, 2022. (The Board of Directors of the Company at their meeting held on May 24, 2022 recommended Dividend of INR 0.60/- (i.e. @ 60 %) per equity share of fully paid up face value of INR 1. 00 each for the above financial year). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₹70.40, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 122% over the past three years. Upcoming Dividend • Aug 30
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 20% and the cash payout ratio is 99%. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.2%). Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: ₹1.23 (vs ₹0.40 in 1Q 2022) First quarter 2023 results: EPS: ₹1.23 (up from ₹0.40 in 1Q 2022). Revenue: ₹778.7m (up 75% from 1Q 2022). Net income: ₹65.9m (up 205% from 1Q 2022). Profit margin: 8.5% (up from 4.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 25% share price gain to ₹50.45, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 109% over the past three years. Aankondiging • Aug 06
Haldyn Glass Limited to Report Q1, 2023 Results on Aug 11, 2022 Haldyn Glass Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 11, 2022 Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Ajit Shah was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹44.65, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 103% over the past three years. Aankondiging • May 26
Haldyn Glass Limited Recommends Dividend for the Financial Year Ended March 31, 2022 Haldyn Glass Limited recommended a dividend of INR 0.60 (i.e. 60%) per equity share of INR 1 each fully paid-up for the financial year ended March 31, 2022, subject to the approval of the members at the 31st Annual General Meeting of the Company and will be paid within 30 days from the date of AGM. Reported Earnings • May 25
Full year 2022 earnings released: EPS: ₹2.20 (vs ₹1.39 in FY 2021) Full year 2022 results: EPS: ₹2.20 (up from ₹1.39 in FY 2021). Revenue: ₹2.18b (up 23% from FY 2021). Net income: ₹118.2m (up 58% from FY 2021). Profit margin: 5.4% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • May 17
Haldyn Glass Limited to Report Q4, 2022 Results on May 24, 2022 Haldyn Glass Limited announced that they will report Q4, 2022 results on May 24, 2022 Buying Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be ₹47.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has grown by 16%. Recent Insider Transactions • Mar 29
MD & Director recently bought ₹2.0m worth of stock On the 24th of March, Tarun Shetty bought around 50k shares on-market at roughly ₹40.32 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹3.4m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹33.60, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 6.5% over the past three years. Buying Opportunity • Feb 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be ₹46.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% per annum over the last 3 years. Earnings per share has grown by 16% per annum over the last 3 years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.72 (down from ₹1.09 in 3Q 2021). Revenue: ₹610.8m (up 12% from 3Q 2021). Net income: ₹38.6m (down 34% from 3Q 2021). Profit margin: 6.3% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
Haldyn Glass Limited to Report Q3, 2022 Results on Feb 14, 2022 Haldyn Glass Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 23 October 2021. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹0.40 (vs ₹0.56 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹451.8m (up 68% from 1Q 2021). Net income: ₹21.6m (up ₹51.9m from 1Q 2021). Profit margin: 4.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS ₹1.39 (vs ₹1.53 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹1.83b (down 20% from FY 2020). Net income: ₹74.9m (down 9.2% from FY 2020). Profit margin: 4.1% (up from 3.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Executive Departure • Jun 21
VP of Operations & Whole Time Director Brijbhushan Gupta has left the company On the 15th of June, Brijbhushan Gupta's tenure as VP of Operations & Whole Time Director ended. We don't have any record of a personal shareholding under Brijbhushan's name. Brijbhushan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.75 years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₹35.80, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 11x in the Packaging industry in India. Total loss to shareholders of 8.5% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹34.05, the stock trades at a trailing P/E ratio of 50.3x, up from the previous P/E ratio of 43.7x. Average P/E is 11x in the Packaging industry in India. Total return to shareholders over the past three years was a loss of 5.2%. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹1.09 (vs ₹0.29 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹552.0m (down 15% from 3Q 2020). Net income: ₹58.5m (up 271% from 3Q 2020). Profit margin: 11% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Feb 04
Haldyn Glass Limited to Report Q3, 2021 Results on Feb 11, 2021 Haldyn Glass Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: ₹31.25 The company is up 9.0% from its price of ₹28.65 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹31.15 The company is up 3.0% from its price of ₹30.35 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: ₹25.50 The company is down 21% from its price of ₹32.25 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 4.0% over the same period. Aankondiging • Aug 19
Haldyn Glass Limited to Report Q1, 2021 Results on Aug 27, 2020 Haldyn Glass Limited announced that they will report Q1, 2021 results on Aug 27, 2020 Aankondiging • Jun 18
Haldyn Glass Limited to Report Q4, 2020 Results on Jun 23, 2020 Haldyn Glass Limited announced that they will report Q4, 2020 results on Jun 23, 2020 
