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Haldyn Glass
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Haldyn Glass Gujarat (HGGL), an associate company of Haldyn Glass is a major player in the glass container industry. HGGL incorporated in April 1991 as a public company has its plant in Gujarat to produce clear glass containers with an furnace capacity of 160 tpd. The company's locational advantage gives it an competitive edge with substantial savings in freight cost of raw material and natural gas. This is locational advantage comes by its plant's proximity to the mines in Gujarat and Rajasthan and gasfields of ONGC. The Company is engaged in the business of manufacturing quality glass bottles and containers for Food, Beverages and Spirit Industries.
HGGL began in 1995 with commencing of commercial production in its new 130 tpd new grass-root plant. Once this new plant is operational the Group associate company HGL discontinued the manufacture of amber glass bottles at its plant in Goregaon, Bombay.
HGGL has been handed over the established customer base of HGL, the promoter company. Its customer base includes major pharmaceutical and brewery companies like Glaxo India, Burroughs Welcome, Parke-Davis, Raptakos Brett, Cipla, Associated Breweries and Distilleries, Mysore Breweries, etc.
HGGL is already catering to other market segments of the Glass Industry like Cosmetics, Ink and Stationery Bottles which will expand its Sales in thse Segments.
Company is actively considering establishment of plant for decorative of Glass Bottles at the Gavasad factory. The proposed plant will increase the scope of White Glass Market. Company also planning to convert one I.S Machine from Double Gob to Triple Gob which will increase in production.
During 1998-99, HGGL received ISO 9002 certification. As the company could not raise funds for Captive Power Plant project,it could not able to commission the same on time.
The Company's Joint Venture Company, 'Haldyn-Heinz Fine Glass Pvt. Ltd.' additionally commissioned its decoration plant in March 2018.
The Company acquired additional 20 lakhs shares in HHFGPL during FY 2021-22 for Rs 800 lakhs. As a result of the said acquisition, the shareholding of the Company in HHFGPL increased from 50% to 55.59% resulting HHFGPL becoming a subsidiary of the Company in FY 2021-22.
Haldyn Glass share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Haldyn Glass indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Haldyn Glass is valued compared to its competitors.
Haldyn Glass PE ratio helps investors understand what is the market value of each stock compared to Haldyn Glass 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Haldyn Glass evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Haldyn Glass generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Haldyn Glass in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Haldyn Glass shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Haldyn Glass compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Haldyn Glass over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Haldyn Glass helps investors get an insight into when they can enter or exit the stock. Key components of Haldyn Glass Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Haldyn Glass shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Haldyn Glass ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Haldyn Glass provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Haldyn Glass highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Haldyn Glass .
The balance sheet presents a snapshot of Haldyn Glass ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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