Haldyn Glass share price today

Haldyn Glass Ltd's share price was ₹131.81 at the close on 4 November 2026. It has been rising for 22 weeks. That is 8.1% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Haldyn Glass Ltd is in stage 2. The phase helps read everything below.

Since its first close in our records, on 17 April 2026, it has traded between ₹92 and ₹153, and at that close it sat 66% of the way up from that low.

Over the last 6 months the share price moved +44% while the NIFTY 500 moved −5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Highest quarterly profit in 14 quarters

   Profit of ₹10 crore in the June 2026 quarter is the highest of the last 14 quarters.

3. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹139 crore, +20.9% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Haldyn Glass reported revenue of ₹139 crore, up 20.9% from ₹115 crore a year earlier, and a profit of ₹10.0 crore, up 100.0% from ₹5.00 crore.

Haldyn Glass results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Haldyn Glass closed at ₹131.81 on 4 November 2026. Its highest weekly close since April 2026 was ₹152.60 on 28 September 2026.

Haldyn Glass share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

36 weekly closes from 17 April 2026 to 4 November 2026.

4 Nov 2026: Haldyn Glass closed at ₹131.81, up 4.0% on the week and down 10.1% on the month. 28 Aug 2026: ex-date for a dividend of ₹0.70 a share.

Earlier

• Results for April to June 2026: Revenue up 20.9% and profit up 100.0% on a year earlier.

Haldyn Glass paid ₹0.70 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.53% at the ₹131.81 close on 4 November 2026. The last was a dividend of ₹0.70 a share, ex-date 28 August 2026.

Haldyn Glass dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Haldyn Glass Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 11 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

Haldyn Glass' management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 22 August 2026.

The changes showing up in Haldyn Glass' own numbers are debt falling. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

Operating profit margin falling below 11.5% across two consecutive quarters or quarterly revenue contracting below ₹110 Cr, indicating loss of operating leverage.

Each change stops working if

• Operating Leverage on Fixed Overhead Base: Volume demand slows while energy feedstock prices surge, reversing the operating leverage effect.
• Working Capital Cycle Compression: Receivables stretch beyond 75 days or inventory piles up due to finished goods accumulation.

The main risks

• Raw Material and Natural Gas Cost Volatility: Energy and soda ash feedstock price surges can compress gross margins due to customer pass-through lags. ⚠ estimate
• Customer and End-Market Concentration: High exposure to domestic liquor, beverage, and pharma packaging exposes volume to sector-specific slowdowns. ⚠ estimate
• Non-Operating Other Income Fluctuations: Periodic other income spikes have historically flattered headline quarterly profit before tax. ⚠ estimate
• Financial Information Disclosure Scarcity: Absence of regular quarterly earnings conference calls caps research visibility and management verification. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026.

When Haldyn Glass reports July to September 2026, these are the check that show whether the story is still on course. First: Interest expense remains at or below ₹3 crore and the next balance sheet shows borrowings no higher than ₹116 crore.

Haldyn Glass is on one of our India lists: Undervalued stocks.

Haldyn Glass Ltd earned ₹10.0 Cr of net profit in the Jun 2026 quarter, +100.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹25.0 Cr. Over 10 years profit has grown 13.6% a year on average. That is 7.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹5.0 Cr.

For the full year, FY26 profit was ₹25.0 Cr (+31.6% on the year before).

Why profit moved: revenue changed +20.9% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +60.0% and revenue +19.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

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.

Haldyn Glass Ltd reported ₹139 Cr of revenue in the Jun 2026 quarter, +20.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 12.6% a year on average. The last full year, FY26, came in at ₹464 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹488 Cr.

FY26 revenue was ₹464 Cr, +21.5% on the year before.

Recent pace: the last four quarters grew +19.5% on average, against 12.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +19.0%, against +25.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +61.1%, against +17.5% a year (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.

Haldyn Glass Ltd's operating margin was 16.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between 3.9% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.4 percentage points on the year while gross margin changed −1.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

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.

Over the last 3 years, 183% of Haldyn Glass Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹62.0 Cr of operating cash against ₹25.0 Cr of profit. After ₹25.0 Cr of spending on assets, ₹37.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

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.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 183% of profit came in as cash: the cash cycle got 92 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.2× depreciation over three years. The next section checks what that spending is building.

Haldyn Glass Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, down from 179 days in FY21. It spent ₹251 Cr on assets over the last 3 years. Customers take 57 days to pay, and stock sits for 194 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

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.

At FY26 sales of ₹464 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹111 Cr is tied up in the business at any time.

FY26: customers took 57 days to pay and stock sat for 194 days, about 6.4 months of sales sitting as stock, for a full cycle of 87 days, shorter than FY21's 179.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 194 days. Customers pay about 57 days after that. Suppliers are paid at 165 days. Together that makes the 87-day cycle.

Spending on assets: ₹251 Cr over the last 3 years, against ₹78.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Haldyn Glass Ltd's P/E is 22.8×, in the middle of its own history: higher than 50% of past readings. Its usual P/E (the middle reading) is 22.7×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹5.52.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 11 October 2026, Haldyn Glass Ltd's share price assumed profit growth of about 16.8% a year. Over the past 10 years its profit actually grew 13.6% a year. Today its P/E is 22.8×, higher than 50% of its own last 10 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Haldyn Glass Ltd's business is turning around. Profit growth has swung from −14.5% at its low to +61.1%, improving for 5 quarters in a row, with ROCE steady at 14.8%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Haldyn Glass Ltd's story is not scored yet against the checks our research 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.

NOT YET CHECKED

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.

From the price. Price stage 2, week 22, above its 200-day line, relative strength falling.

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.

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.

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. Measured by: the thesis as written as stated by the next result.

The test written in advance. Raw Material and Natural Gas Cost Volatility. Measured by: 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. 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.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

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.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

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 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The filings show post-capital spending operating delivery, but no concall record exists to test whether management said the same thing before the hard period.

Regulatory and governance record

Only standard insider-trading and takeover disclosures surfaced; no SEBI, CBI or ED enforcement event was found.

Checked 30 August 2026.

Haldyn Glass Ltd earned a ROCE of 14% in FY26. That is up from a low of 1% in FY18. Its return on capital used (ROIC) is 3.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 5.4% net margin and 0.92× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 5.4% net margin × 0.92× asset turnover × 2.15× leverage (assets divided by equity) ≈ 10.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 8.5% − 12.0% = −3.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Haldyn Glass Ltd has total debt of ₹116 Cr against shareholder equity of ₹234 Cr as of Jun 2026, so its debt is 0.50× its equity. Year by year, that ratio went from 0.08 in FY22 to 0.50 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

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.

Promoters raised their stake in Haldyn Glass Ltd by 1.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 59.1% of the company. Domestic institutions moved +0.1 points over the same period, to 1.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +1.0 points over 8 quarters, to 59.1%; Domestic institutions: +0.1 points over 8 quarters, to 1.9%; Foreign institutions: +0.0 points over 8 quarters, to 0.1%.

Why the owners changed: promoters drove it (+1.0 points). They raised their stake step by step.

For Haldyn Glass Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

66.5 out of 100, rank 1 of 7 in Packaging - FMCG/Consumers, with 81% of the evidence available.

Haldyn Glass Ltd scores 66.5 out of 100 against the 7 companies it is compared with in Packaging - FMCG/Consumers, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 29.6 + 10.6 + 14.4 + 11.9 = 66.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Haldyn Glass ranks 1 of 7 Packaging - FMCG/Consumers companies on the 4-Factor Sector Score, with 66.5 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Packaging - FMCG/Consumers, all 7 compared on one page.

Haldyn Glass is the 7th largest of 7 Packaging - FMCG/Consumers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: EPL, AGI Greenpac, TCPL Packaging, Knack Packaging, Mold-Tek Packaging and Huhtamaki India. It is the smallest.

Packaging - FMCG/Consumers companies close in size

1. EPL Ltd ₹6,954 crore
2. AGI Greenpac Ltd ₹4,148 crore
3. TCPL Packaging Ltd ₹4,143 crore
4. Knack Packaging Ltd ₹2,276 crore
5. Mold-Tek Packaging Ltd ₹1,813 crore
6. Huhtamaki India Ltd ₹1,564 crore
7. Haldyn Glass Ltd ₹682 crore

All 7 Packaging - FMCG/Consumers companies, largest first

Companies close in size in other industries

1836. Salasar Techno Engineering Ltd ₹685 crore · Steel Products
1837. Himatsingka Seide Ltd ₹684 crore · Textiles - Home Textile
1838. Haldyn Glass Ltd ₹682 crore
1839. Mangal Electrical Industries Ltd ₹682 crore · Electric Equipment - Transformers
1840. New Delhi Television Ltd ₹682 crore · Entertainment & Media

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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