Haldyn Glass Ltd
HALDYNGLHaldyn Glass Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the price is already 15 weeks into its uptrend — timing risk, not thesis risk.
The price is in a confirmed uptrend (15 weeks in) while the P/E sits at the 63rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +100.0% year on year, and 183% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Haldyn Glass Ltd trades at ₹148, in a confirmed uptrend and 15 weeks into that stage. That is +29.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹92 to ₹148. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks.
Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹148 it trades +29.3% versus its 200-day average and sits at 100% of its 52-week range (₹92–₹148).
Against the market, two honest reads. Cumulative: over the last 5 months the stock moved +61% while the NIFTY 500 moved −1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Haldyn Glass Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Still open: Operating profit margin falling below 11.5% across two consecutive quarters or quarterly revenue contracting below ₹110 Cr, indicating loss of operating leverage.
Our read, 22 August 2026. Post-capex volume expansion drives earnings growth, but mid-cycle normalized valuation warrants a cautious stance against peak operating margins.
From the numbers. Haldyn sits in mid-expansion within its operating cycle, with TTM revenue expanding 19.0% and EPS rising 38.1% over the last 8 quarters. While the matrix label indicates an opportunity at 22.9x trailing PE, the cycle…
From the price. Price stage 2, week 15 — above its 200-day line, relative strength rising.
From the research. Post-capex volume expansion drives earnings growth, but mid-cycle normalized valuation warrants a cautious stance against peak operating margins.
🚨 Where they disagree. Haldyn sits in mid-expansion within its operating cycle, with TTM revenue expanding 19.0% and EPS rising 38.1% over the last 8 quarters. While the matrix label indicates an opportunity at 22.9x trailing PE, the cycle normalization model flags a peak margin value trap risk because trailing OPM of 15.9% is at the 83rd percentile of its 10-year history. Normalized PE at mid-cycle 11.7% OPM rises to 31.9x (80th percentile).
What is proven. Post-capex volume expansion drives earnings growth, but mid-cycle normalized valuation warrants a cautious stance against peak operating margins.
What is not proven yet. Operating profit margin falling below 11.5% across two consecutive quarters or quarterly revenue contracting below ₹110 Cr, indicating loss of operating leverage.
🚨 What would change our mind. Operating profit margin falling below 11.5% across two consecutive quarters or quarterly revenue contracting below ₹110 Cr, indicating loss of operating leverage.
Layer 1 read, 22 August 2026 — KEEP. Bigger furnace is selling out — revenue up 60% in two years — but nobody at the company ever explains anything. Haldyn sold Rs 139 Cr of glass containers in the June quarter against Rs 115 Cr a year earlier and doubled profit to Rs 10 Cr, with no accounting help in the numbers. The reason is straightforward: the Rs 188 Cr furnace built in FY24 is filling up. Two things keep this a watch rather than a conviction. The company holds no earnings calls, so the five 'targets met' in its record are targets nobody can show management ever set — and profit margins have not actually improved, they have hovered near 15% for two years, which means the growth is volume that will stop when the furnace is full. Put margins back to the eleven-year average and the shares go from mid-priced to the dearest fifth of…
What would change Layer 1’s mind. The timeline says operating margin below 11.5% for two consecutive quarters, or quarterly revenue under Rs 110 Cr, breaks it. I sharpen it to what this verdict rests on: a September 2026 quarter with revenue at or below Rs 125 Cr would say the furnace is full and the only real runway driver has ended, and that alone flips this out of the ranked cut. The second flip is the payables reversing — if operating cash flow drops below profit in FY27 while payable days fall back toward 100, the…
Layer 2 read, 22 August 2026 — ADVANCE. Falling sector investment and rising Haldyn sales create an under-owned early-cycle setup. Haldyn's Q1 revenue reached Rs 139 crore and grew 20.9% year on year. At sector level, capital spending fell 15.42% while institutions remained absent, producing IDEAL_TROUGH_SETUP, and customer growth supports packaging demand. The advance stays P2 because the sector study covered no glass calls, so glass energy costs and pass-through remain unverified.
What would change Layer 2’s mind. Bench or drop if operating margin stays below 11.5% for two quarters or quarterly revenue falls below Rs 110 crore, especially if a glass-company call shows energy costs cannot be passed through; raise conviction if margin stays above 15% through another input-cost shock.
Layer 3 read, 22 August 2026 — BENCH. The furnace is filling, but peak margins and silent management make the entry too uncertain. Q1 FY27 revenue and operating profit reached ₹139 Cr and ₹22 Cr, so the volume ramp is real. The web sweep ALIGNS with Timeline R2 on energy sensitivity, and the model-grade normalized PE rises to 31.9x if margins revert, while no management call explains why margins should stay high.
What would change Layer 3’s mind. A dated management call or filing that proves fuel-cost pass-through and keeps operating margin above 11.5% through two high-energy-cost quarters would flip BENCH to DEPLOY; a pledge or unexplained promoter sale would flip it to DROP.
The test written in advance. Operating profit margin falling below 11.5% across two consecutive quarters or quarterly revenue contracting below ₹110 Cr, indicating loss of operating leverage. — the thesis as written as stated by the next result.
The test written in advance. Peak Margin Valuation Trap — Peak Margin Valuation Trap Quarterly OPM dropping below 13.0% in reported results. by the next result.
The test written in advance. Raw Material and Natural Gas Cost Volatility — Raw Material and Natural Gas Cost Volatility Quarterly gross margin decline of more than 200 bps YoY. by the next result.
What the company does. Revenue expanded 20.9% YoY in Q1 FY27 to ₹139 Cr as expanded furnace capacity from the ₹188 Cr FY24 capex cycle reached higher utilization. Operating margins sit at 16% in Q1 FY27 and trailing PE is 22.9x, but cycle normalization to 11.7% mid-cycle margin raises normalized PE to 31.9x. Cash generation has improved with FY26 operating cash flow at ₹62 Cr (2.48x PAT), enabling debt reduction to ₹116 Cr despite historical margin volatility.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Furnace Capacity Ramp from FY24 Capex | in play | — | Commissioning of the ₹188 Cr FY24 asset build provides volumetric headroom for FMCG and liquor container glass delivery. | Furnace utilization reaches peak capacity without subsequent debottlenecking investments. |
| Operating Leverage on Fixed Overhead Base | in play | — | Incremental volume absorption spreads fixed furnace heating and depreciation costs over higher unit sales. | Volume demand slows while energy feedstock prices surge, reversing the operating leverage effect. |
| Working Capital Cycle Compression | in play | — | Tightening cash conversion cycle frees operating cash flow for self-funded balance sheet deleveraging. | Receivables stretch beyond 75 days or inventory piles up due to finished goods accumulation. |
| Promoter Equity Accumulation | in play | — | Gradual promoter stake expansion signals insider alignment with post-capex cash generation. | Promoters trim equity or pledge shares to fund external ventures. |
🚨 What the surface reading misses. The surface reading is: FY26 annual revenue expanded to ₹464 Cr with operating profit of ₹63 Cr (14% OPM) and net profit of ₹25 Cr, scaling from ₹382 Cr in FY25. The research reads it further: Revenue growth of 21.5% in FY26 reflects commercialization of the ₹188 Cr FY24 capex, which increased furnace melting capacity and enabled higher glass container delivery volume.
🚨 What the surface reading misses. The surface reading is: FY26 net profit reached ₹25 Cr with EPS of ₹4.61, recovering from ₹19 Cr (EPS ₹3.50) in FY25. The research reads it further: Profit recovery was driven by operating leverage on higher sales volume, though net margin remains capped at 5.4% due to ₹30 Cr annual depreciation from the expanded asset base.
Lever 1 · Operating leverage — BUILDING. Incremental volume absorption spreads fixed furnace heating and depreciation costs over higher unit sales. What proves it keeps working: Operating Leverage on Fixed Overhead Base. It stops working if Volume demand slows while energy feedstock prices surge, reversing the operating leverage effect.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Haldyn Glass Ltd reported ₹139 Cr of revenue in the Jun 26 quarter, +20.9% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 12.6% a year. The last full year, FY26, came in at ₹464 Cr. The last four reported quarters add to ₹488 Cr.
FY26 revenue came in at ₹464 Cr (+21.5% on the year), capping 10 years at 12.6% compound. The latest quarter (Jun 26) printed ₹139 Cr, +20.9% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +19.5% growth against the decade's 12.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +19.0% over the last 4 quarters against +25.1%/yr over the last 8 — rolling over; TTM profit +61.1% vs +17.5%/yr — accelerating.
FY26-Q4. revenue ₹108 Cr and profit ₹7 Cr as reported.
FY27-Q1. revenue ₹139 Cr and profit ₹10 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Haldyn Glass Ltd's operating margin is 16.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 3.9% to 16.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, +1.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 3.9%–16.0%.
Why the margin moved: operating margin went +1.4 pp year on year while gross margin went −1.5 pp — the gain came mostly from the gross line: input costs and pricing.
FY26-Q4. revenue ₹108 Cr and profit ₹7 Cr as reported.
FY27-Q1. revenue ₹139 Cr and profit ₹10 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Haldyn Glass Ltd earned ₹10.0 Cr of net profit in the Jun 26 quarter, +100.0% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹25.0 Cr. The 10-year compound rate is 13.6%. That is 7.2% of the quarter's revenue. The same quarter a year earlier earned ₹5.0 Cr.
Jun 26 profit was ₹10.0 Cr, +100.0% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹25.0 Cr (+31.6%), and the 10-year compound rate is 13.6%.
Why profit moved: revenue contributed +20.9% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +60.0% vs revenue +19.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹108 Cr and profit ₹7 Cr as reported.
FY27-Q1. revenue ₹139 Cr and profit ₹10 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 183% of Haldyn Glass Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹62.0 Cr of operating cash against ₹25.0 Cr of profit. After ₹25.0 Cr of capital spending, ₹37.0 Cr was left as free cash.
Why this happened. Cash conversion cycle compressed from 172 days in FY22 to 87 days in FY26, driven by debtor days reducing to 57 days. This supported FY26 operating cash flow of ₹62 Cr (2.48x PAT) and enabled total borrowings to contract to ₹116 Cr.
FY26: operating cash of ₹62.0 Cr against reported profit of ₹25.0 Cr, leaving free cash of ₹37.0 Cr after ₹25.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 183% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 183%: the cash cycle tightened 92 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 3.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Haldyn Glass Ltd's cash conversion cycle runs 87 days in FY26, down from 179 days in FY21. Capital spending ran ₹251 Cr over the last 3 years. At FY26 sales of ₹464 Cr each day of that cycle holds about ₹1.3 Cr, so roughly ₹111 Cr sits inside the business at any moment.
Why this happened. The company completed ₹188 Cr of capex in FY24, bringing cumulative 5-year capital outlay to ₹301 Cr. This capex inflection point expanded melting capacity, enabling quarterly revenue to scale from ₹87 Cr in Jun 2024 to ₹139 Cr in Jun 2026.
FY26: debtors at 57 days, inventory at 194 days — roughly 6.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 87 days, tighter than FY21's 179.
The full loop: cash goes out to suppliers and production on day 0; stock waits 194 days to sell; customers pay about 57 days after that; and suppliers themselves are paid at 165 days — netting out to the 87-day cycle.
In money terms: at FY26 sales of ₹464 Cr, each day of the cycle holds about ₹1.3 Cr — so the 87-day loop keeps roughly ₹111 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹251 Cr over the last 3 fiscal years against ₹78.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Haldyn Glass Ltd earns a ROCE of 14% in FY26. That is up from a trough of 1% in FY18. Return on invested capital clears the cost of that capital by −4.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 5.4% net margin on 0.92× asset turns.
FY26 ROCE is 14%, recovered from a FY18 trough of 1% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 5.4% net margin × 0.92× asset turns × 2.15× balance-sheet leverage ≈ 10.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 7.3% − 12.0% = a −4.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Haldyn Glass Ltd carries total debt of ₹116 Cr against shareholder equity of ₹234 Cr as of Mar 26, a debt-to-equity of 0.50. On the annual view that ratio went from 0.08 in FY22 to 0.50 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Why this happened. Glass manufacturing entails continuous-furnace operations with fixed energy baseloads. As quarterly revenue expanded to ₹139 Cr in Q1 FY27, operating margin improved to 16% from 12% in Dec 2024, exemplifying the operating leverage catapult framework.
Mar 26: total debt of ₹116 Cr against shareholder equity of ₹234 Cr — a debt-to-equity of 0.50. On the annual view, debt-to-equity went from 0.08 (FY22) to 0.50 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters added 1.0 points of Haldyn Glass Ltd over 8 quarters, the biggest move on the register. That takes promoters to 59.1% of the company. Domestic institutions moved +0.3 points over the same window, to 2.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +1.0 points over 8 quarters to 59.1%; Domestic institutions: +0.3 points over 8 quarters to 2.0%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
Why the register moved: promoters drove it (+1.0 points) — steady accumulation by institutions reading the same numbers this page reads.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Haldyn Glass Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Haldyn Glass Ltd trades at 25.2× P/E, mid-range by its own standards (63rd percentile). Its long-run median P/E is 22.6×, measured across 10.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 25.2× is mid-range by its own standards (63rd percentile), against a long-run median of 22.6× measured over 10.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 27 August 2026 price, Haldyn Glass Ltd was paying for profit growth of about 16.1% a year. Profit itself has compounded 13.6% a year over the past 10 years. Today the market pays 25.2× P/E, the 63rd percentile of its own 10-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Haldyn Glass Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −33.3% at the trough to +100.0% off a 5-quarter-old trough (single-quarter readings), ROCE holding at 14.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +21.5% | +13.2% | +21.1% | +12.6% |
| Profit | +31.6% | −2.5% | +29.0% | +13.6% |
| EPS | +31.7% | −2.7% | +27.1% | +14.0% |
4-Factor Sector Score
61.8/100 — rank 2 of 6 in Packaging - FMCG/Consumers · 72% evidence confidence
Haldyn Glass Ltd scores 61.8 out of 100 against the 6 companies it is compared with in Packaging - FMCG/Consumers, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 28 + 12.9 + 8.4 + 12.5 = 61.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Huhtamaki India LtdHUHTAMAKI | 62.4/100Mixed-positive evidence81% evidence | BREAKING OUT | 26.9/35 Revenue 4.7% · PAT 82.7% · OPM change 3 pp 95% evidence | 7.8/25 ROCE 12% · OPM 10% 95% evidence | 14.1/20 P/E 14.1× · PEG — 50% evidence | 13.6/20 RS sector -1.8% · RS bench 22% · 1Y 6.8%10 of 10 weeks ahead 70% evidence |
| Exact sum: 26.9 + 7.8 + 14.1 + 13.6 = 62.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Haldyn Glass Ltdthis pageHALDYNGL | 61.8/100Mixed-positive evidence72% evidence | BREAKING OUT | 28.0/35 Revenue 19% · PAT 61.1% · OPM change 1 pp 95% evidence | 12.9/25 ROCE 13.5% · OPM 16% 95% evidence | 8.4/20 P/E 25.2× · PEG — 50% evidence | 12.5/20 RS sector — · RS bench 44.4% · 1Y —9 of 9 weeks ahead 25% evidence |
| Exact sum: 28 + 12.9 + 8.4 + 12.5 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3AGI Greenpac LtdAGI | 49.2/100Mixed-negative evidence93% evidence | BREAKING OUT | 13.8/35 Revenue 4.3% · PAT 3.4% · OPM change 1 pp 100% evidence | 19.9/25 ROCE 19.5% · OPM 22% 100% evidence | 6.7/20 P/E 13.5× · PEG 2.94 65% evidence | 8.8/20 RS sector -8.8% · RS bench 13.2% · 1Y -11.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 13.8 + 19.9 + 6.7 + 8.8 = 49.2 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 4EPL LtdEPL | 46.7/100Mixed-negative evidence100% evidence | BREAKING OUT | 11.7/35 Revenue 16.9% · PAT -1.5% · OPM change -1 pp 100% evidence | 16.9/25 ROCE 17.8% · OPM 19% 100% evidence | 14.2/20 P/E 18.7× · PEG 1.33 100% evidence | 3.9/20 RS sector -11.2% · RS bench 11.1% · 1Y 4.4%6 of 12 weeks ahead 100% evidence |
| Exact sum: 11.7 + 16.9 + 14.2 + 3.9 = 46.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 5Mold-Tek Packaging LtdMOLDTKPAC | 41.3/100Mixed-negative evidence100% evidence | TURNING | 19.7/35 Revenue 14.5% · PAT 15.2% · OPM change 0 pp 100% evidence | 10.9/25 ROCE 13.3% · OPM 19% 100% evidence | 8.9/20 P/E 29.6× · PEG 1.64 100% evidence | 1.8/20 RS sector -13.8% · RS bench 7.2% · 1Y -18.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 10.9 + 8.9 + 1.8 = 41.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6TCPL Packaging LtdTCPLPACK | 41.2/100Mixed-negative evidence94% evidence | BREAKING OUT | 7.3/35 Revenue 4.9% · PAT -13.4% · OPM change 0 pp 100% evidence | 12.7/25 ROCE 17.7% · OPM 17% 100% evidence | 9.5/20 P/E 28.3× · PEG 0.95 100% evidence | 11.7/20 RS sector -6.6% · RS bench 30.4% · 1Y 14.5%10 of 10 weeks ahead 70% evidence |
| Exact sum: 7.3 + 12.7 + 9.5 + 11.7 = 41.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Haldyn Glass Ltd's share price today?
Haldyn Glass Ltd trades at ₹148. The company is valued at ₹783 Cr. The stock sits at the very top of its 52-week range (₹92–₹148), +29.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 15 weeks in. — as of 11 September 2026.
What were Haldyn Glass Ltd's latest quarterly results?
Haldyn Glass Ltd reported revenue of ₹139 Cr and net profit of ₹10.0 Cr for the Jun 26 quarter. Revenue rose 20.9% and profit rose 100.0% year on year. Earnings per share were ₹1.91. The operating margin was 16.0%, 1.0 pp higher than a year earlier. — as of 11 September 2026.
What is Haldyn Glass Ltd's revenue?
Haldyn Glass Ltd reported revenue of ₹139 Cr in the Jun 26 quarter, +20.9% year on year. For the full FY26 fiscal year, revenue was ₹464 Cr (+21.5%). Over the last 10 years revenue compounded at 12.6% a year. — as of 11 September 2026.
What is Haldyn Glass Ltd's profit?
Haldyn Glass Ltd earned ₹10.0 Cr of net profit in the Jun 26 quarter, +100.0% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹25.0 Cr. The operating margin ran 16.0% in the latest quarter. — as of 11 September 2026.
What is Haldyn Glass Ltd's market cap?
Haldyn Glass Ltd's market capitalisation is ₹783 Cr at a share price of ₹148. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Haldyn Glass Ltd's P/E ratio?
Haldyn Glass Ltd trades at a P/E of 25.2×, at the 63rd percentile of its own 10-year range, against a long-run median of 22.6×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Haldyn Glass Ltd pay a dividend?
Yes — Haldyn Glass Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in 10 of its last 11 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Haldyn Glass Ltd overvalued?
On its own history, Haldyn Glass Ltd looks mid-range: its P/E of 25.2× sits at the 63rd percentile of its 10-year range (long-run median 22.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Haldyn Glass Ltd growing?
Yes — Haldyn Glass Ltd is growing: latest-quarter revenue +20.9% year on year, profit +100.0%, and the margin +1.0 pp at 16.0%. The 10-year compound rates are 12.6% (revenue) and 13.6% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Haldyn Glass Ltd performing?
Haldyn Glass Ltd is in a confirmed uptrend, 15 weeks in. Its latest quarter's revenue rose 20.9% and profit rose 100.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Haldyn Glass Ltd in?
Turning around — profit growth swung from −33.3% at the trough to +100.0% off a 5-quarter-old trough (single-quarter readings), ROCE holding at 14.0%. The read comes from the last 12 quarters of growth (revenue growth +20.9% latest, profit growth +100.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Haldyn Glass Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 15 of stage 2), trading +29.3% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Haldyn Glass Ltd beating the market?
On recent form, yes — Haldyn Glass Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5 months the stock moved +61% against the NIFTY 500's −1% — ahead of the index over the full window. — as of 11 September 2026.
Will Haldyn Glass Ltd's share price go up?
This page publishes no price forecast for Haldyn Glass Ltd. What it measures instead: the share price is ₹148, the price is in a confirmed uptrend 15 weeks in. Its P/E of 25.2× sits at the 63rd percentile of its own 10-year range. — as of 11 September 2026.
Who owns Haldyn Glass Ltd?
Promoters hold 59.1% of Haldyn Glass Ltd, foreign institutions 0.0%, domestic institutions 2.0% and the public 38.8% (latest quarter). The biggest move on the register over the last two years: Promoters added 1.0 points over 8 quarters. — as of 11 September 2026.
Does Haldyn Glass Ltd have too much debt?
It is moderate — Haldyn Glass Ltd's debt-to-equity is 0.50, and operating profit covers the interest bill 5×. FY26 borrowings were ₹116 Cr against equity of ₹234 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Haldyn Glass Ltd's capex?
Haldyn Glass Ltd spent ₹251 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹25.0 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Haldyn Glass Ltd's cash flow?
Haldyn Glass Ltd generated ₹62.0 Cr of operating cash flow in FY26 and ₹37.0 Cr of free cash flow after ₹25.0 Cr of capital spending. Reported profit that year was ₹25.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Haldyn Glass Ltd's profit real cash?
Yes — over the last 3 fiscal years, 183% of Haldyn Glass Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹62.0 Cr against reported profit of ₹25.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Haldyn Glass Ltd in its business cycle?
Haldyn Glass Ltd's FY26 operating margin was 14.0%, against a 11-year band of 3.9%–16.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Haldyn Glass Ltd's price assume?
At its price on 27 August 2026, Haldyn Glass Ltd was priced for profit growth of about 16.1% a year. Profit itself has compounded 13.6% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Haldyn Glass Ltd story?
Biggest watch item: the price is already 15 weeks into its uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Haldyn Glass Ltd a stock worth studying right now?
This is not investment advice. The machine read: Haldyn Glass Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!