Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 95 | 84 | 87 | 106 | 105 | 84 | 115 | 116 | 125 | 108 | 139 |
| Expenses | 48 | 79 | 71 | 75 | 91 | 93 | 70 | 98 | 102 | 108 | 92 | 117 |
| Operating Profit | -1 | 16 | 14 | 12 | 15 | 12 | 14 | 17 | 14 | 16 | 16 | 22 |
| OPM % | -2.8% | 17% | 16% | 14% | 15% | 12% | 16% | 15% | 12% | 13% | 15% | 16% |
| Other Income | 8 | 0 | 9 | 3 | 2 | 4 | 3 | 1 | 6 | 2 | 3 | 2 |
| Interest | 1 | 2 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 |
| Depreciation | 3 | 6 | 7 | 6 | 8 | 8 | 7 | 8 | 8 | 8 | 7 | 7 |
| Profit before tax | 2 | 8 | 10 | 6 | 6 | 5 | 6 | 7 | 8 | 7 | 9 | 13 |
| Tax % | -39% | 28% | 33% | 15% | 16% | 22% | 19% | 22% | 19% | 24% | 22% | 24% |
| Net Profit | 3 | 6 | 7 | 5 | 5 | 4 | 4 | 5 | 7 | 5 | 7 | 10 |
| EPS in Rs | 0.54 | 1.07 | 1.26 | 0.95 | 0.97 | 0.74 | 0.84 | 1.00 | 1.27 | 0.98 | 1.36 | 1.91 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 141 | 172 | 166 | 223 | 229 | 178 | 213 | 320 | 299 | 382 | 464 | 487 |
| Expenses | 123 | 145 | 160 | 197 | 202 | 157 | 196 | 289 | 258 | 327 | 400 | 420 |
| Operating Profit | 18 | 27 | 7 | 26 | 28 | 21 | 16 | 31 | 41 | 55 | 63 | 68 |
| OPM % | 13% | 16% | 3.9% | 12% | 12% | 12% | 8% | 10% | 14% | 14% | 14% | 14% |
| Other Income | 2 | 3 | 5 | 1 | 2 | 5 | 6 | 11 | 21 | 13 | 13 | 13 |
| Interest | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 11 | 16 | 14 | 13 |
| Depreciation | 8 | 11 | 11 | 11 | 13 | 10 | 7 | 8 | 19 | 29 | 30 | 30 |
| Profit before tax | 11 | 17 | 0 | 16 | 15 | 14 | 14 | 33 | 32 | 23 | 32 | 38 |
| Tax % | 38% | 37% | 355% | 22% | 32% | 30% | 18% | 18% | 24% | 18% | 22% | |
| Net Profit | 7 | 11 | -0 | 6 | 8 | 7 | 12 | 27 | 25 | 19 | 25 | 30 |
| EPS in Rs | 1.24 | 2.00 | -0.09 | 1.03 | 1.53 | 1.39 | 2.20 | 5.01 | 4.57 | 3.50 | 4.61 | 5.52 |
| Dividend Payout % | 40% | 28% | -329% | 58% | 39% | 43% | 27% | 14% | 15% | 20% | 15% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 21% | 13% | 19% | ||
| Compounded Profit Growth | 13% | 28% | -1% | 62% | ||
| Stock Price CAGR | 18% | 32% | 14% | 64% | ||
| Return on Equity | 8% | 11% | 10% | 11% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 115 | 128 | 125 | 128 | 133 | 139 | 148 | 172 | 194 | 210 | 229 |
| Borrowings | 18 | 2 | 3 | 8 | 2 | 6 | 12 | 47 | 123 | 128 | 116 |
| Other Liabilities | 38 | 34 | 33 | 33 | 33 | 36 | 36 | 47 | 127 | 146 | 151 |
| Total Liabilities | 176 | 170 | 166 | 175 | 173 | 186 | 202 | 271 | 450 | 490 | 502 |
| Fixed Assets | 84 | 75 | 66 | 59 | 50 | 45 | 45 | 57 | 240 | 257 | 251 |
| CWIP | 21 | 1 | 1 | 0 | 0 | 0 | 1 | 23 | 9 | 1 | 2 |
| Investments | 0 | 22 | 24 | 22 | 18 | 17 | 29 | 35 | 43 | 49 | 60 |
| Other Assets | 71 | 72 | 74 | 93 | 104 | 124 | 127 | 156 | 158 | 183 | 189 |
| Total Assets | 176 | 170 | 166 | 175 | 173 | 186 | 202 | 271 | 450 | 490 | 502 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 21 | 9 | 7 | 16 | 22 | 10 | 31 | 19 | 45 | 62 |
| Cash from Investing Activity | -49 | -1 | -5 | -2 | 1 | -1 | -12 | -58 | -86 | -34 | -34 |
| Cash from Financing Activity | 9 | -21 | -3 | 3 | -10 | -2 | -1 | 30 | 65 | -10 | -30 |
| Net Cash Flow | -25 | -1 | 2 | 7 | 6 | 20 | -3 | 3 | -2 | 1 | -2 |
| Free Cash Flow | -37 | 19 | 7 | 2 | 11 | 18 | 2 | -32 | -77 | 7 | 33 |
| CFO/OP | 96% | 91% | 199% | 43% | 91% | 138% | 90% | 119% | 52% | 81% | 102% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 62 | 76 | 82 | 86 | 94 | 91 | 68 | 78 | 63 | 57 |
| Inventory Days | 280 | 215 | 162 | 110 | 85 | 203 | 178 | 75 | 238 | 335 | 194 |
| Days Payable | 101 | 44 | 70 | 59 | 66 | 118 | 98 | 96 | 209 | 214 | 165 |
| Cash Conversion Cycle | 250 | 233 | 168 | 133 | 106 | 179 | 172 | 46 | 107 | 184 | 87 |
| Working Capital Days | 40 | 87 | 90 | 73 | 85 | 92 | 89 | 33 | -20 | 2 | -7 |
| ROCE % | 14% | 1% | 13% | 13% | 10% | 10% | 18% | 13% | 12% | 14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.14% | 58.14% | 58.14% | 58.14% | 58.14% | 58.14% | 58.14% | 58.14% | 58.53% | 58.88% | 59.01% | 59.14% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 1.17% | 1.51% | 1.74% | 1.79% | 1.98% | 2.44% | 2.64% | 1.46% | 1.53% | 1.80% | 2.03% |
| Public | 41.87% | 40.69% | 40.36% | 40.12% | 40.02% | 39.89% | 39.41% | 39.22% | 40.02% | 39.59% | 39.19% | 38.84% |
| No. of Shareholders | 22,526 | 23,188 | 21,938 | 21,898 | 21,413 | 21,840 | 21,682 | 21,492 | 22,159 | 21,566 | 20,931 | 20,588 |
Fundamentals
Market Cap₹ 830 Cr.
Current Price₹ 154
Stock P/E26.8
Book Value₹ 43.6
ROCE13.5 %
ROE11.4 %
Dividend Yield0.45 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)62%
Consolidated figures.
Valuation
Market capRs 785 Cr
Enterprise valueRs 890 Cr
P/E (TTM)26.49x
Price to book3.35x
Price to sales1.61x
EV / EBITDA10.97x
EV / EBIT17.49x
EV / sales1.83x
Price to cash flow12.71x
Earnings yield3.78%
Dividend yield0.48%
P/E, 3-year average24.37x
P/B, 3-year average2.61x
P/E, 5-year average21.00x
P/B, 5-year average2.24x
Profitability
Operating margin (excl. other income)13.64%
Operating margin (incl. other income)16.44%
EBITDA margin16.64%
Pre-tax margin7.85%
Net profit margin6.08%
Net margin, latest quarter7.40%
ROE11.02%
ROCE13.19%
ROA5.00%
ROE, 3-year average11.04%
ROCE, 3-year average13.54%
ROA, 3-year average5.27%
ROE, 5-year average11.47%
ROCE, 5-year average13.62%
ROA, 5-year average6.66%
ROIC (approx.)11.74%
Tax rate21.76%
Other income / net worth5.54%
Growth
Sales growth (latest year)21.51%
Profit growth (latest year)31.69%
Sales CAGR, 3 years13.17%
Sales CAGR, 5 years21.12%
Profit CAGR, 3 years-2.74%
Profit CAGR, 5 years27.02%
Sales growth QoQ28.13%
Profit growth QoQ40.36%
Sales growth YoY (latest quarter)20.58%
Profit growth YoY (latest quarter)90.00%
Per share
EPS (TTM)Rs 5.51
EPS (latest year)Rs 4.61
EPS (latest quarter)Rs 1.91
EPS, 3-year averageRs 4.23
EPS, 5-year averageRs 3.98
Book value per shareRs 43.58
Sales per shareRs 90.67
Cash flow per shareRs 11.49
Free cash flow per shareRs 6.14
Dividend per share (latest year)Rs 0.70
Dividend per share, 3-year averageRs 0.70
Dividend per share, 5-year averageRs 0.68
Dividends
Dividend payout15.22%
Dividend payout, 3-year average16.87%
Dividend payout, 5-year average18.39%
Efficiency
Asset turnover0.92x
Fixed asset turnover1.85x
Inventory turnover4.51x
Inventory days81 days
Debtor days57 days
Debtors turnover6.36x
Creditor days165 days
Cash conversion cycle87 days
Working capital days-7 days
Leverage
Total debtRs 116 Cr
Cash and bankRs 11 Cr
Net debtRs 105 Cr
Debt to equity0.49x
Net debt / EBITDA1.29x
Interest coverage4.03x
Owners' fund to total sources46.71%
Debt to assets23.09%
Cash flow
Cash from Operating Activity (latest year)Rs 62 Cr
Cash from Investing Activity (latest year)Rs -34 Cr
Cash from Financing Activity (latest year)Rs -30 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 33 Cr
FCFE (approx.: FCF + change in debt)Rs 20 Cr
Cash from ops / profit, 5 years1.55x
Sales to cash flow7.51x
Statement figures
Net sales (TTM)Rs 487 Cr
Net sales (latest year)Rs 464 Cr
Sales (latest quarter)Rs 139 Cr
Operating profit excl. other income (latest year)Rs 63 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 68 Cr
Profit before tax (TTM)Rs 38 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 30 Cr
Net profit (latest year)Rs 25 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 30 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 301 Cr
Total expenditure (latest year)Rs 400 Cr
Total income (latest year)Rs 477 Cr
Share capitalRs 5 Cr
ReservesRs 229 Cr
Shareholders' fundsRs 234 Cr
Total assetsRs 502 Cr
Net blockRs 251 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 60 Cr
ReceivablesRs 73 Cr
InventoryRs 67 Cr
Other liabilitiesRs 151 Cr
Shares outstanding (crore)5.38
Ownership
Promoter holding59.14% (+1.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 26.5 is at the 50th percentile of its own 8.4-year range
(median 26.4, low 14.7, high 43.4).
P/B 3.35 is at the 83th percentile (median 1.73).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | HALDYNGL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.9% | -2.8% | +3.7 pts |
| 1 month | +4.7% | -6.8% | +11.5 pts |
| 3 months | +22.8% | -7.6% | +30.4 pts |
| 3 years | +39.1% | +14.2% | +24.9 pts |
| 5 years | +282.3% | +27.9% | +254.4 pts |
Red flags
F-score 7 of 8| look | Profit leans on other income Other income was 41% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹139 Cr +20.9% vs Jun 2025.
Net profit ₹10 Cr +100.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| EPL Ltd | 7,465 | 18.2 | 17.8 % |
| AGI Greenpac Ltd | 5,130 | 13.9 | 19.5 % |
| Uflex Ltd | 4,668 | 6.75 | 7.03 % |
| TCPL Packaging Ltd | 3,748 | 31.0 | 17.9 % |
| Polyplex Corporation Ltd | 3,329 | 21.4 | 0.89 % |
| Jindal Poly Films Ltd | 2,938 | 50.2 | -1.99 % |
| XPRO India Ltd | 2,724 | 83.4 | 3.78 % |
| Cosmo First Ltd | 2,188 | 12.8 | 11.2 % |
| Knack Packaging Ltd | 2,161 | 21.2 | 34.1 % |
| Mold-Tek Packaging Ltd | 2,134 | 28.1 | 13.3 % |
| Huhtamaki India Ltd | 1,780 | 13.0 | 12.0 % |
| Arrow Greentech Ltd | 1,314 | 20.6 | 29.6 % |
| Commercial Syn Bags Ltd | 1,099 | 34.8 | 15.0 % |
| Dhunseri Ventures Ltd | 1,002 | 5.25 | 6.74 % |
| Ester Industries Ltd | 882 | 2.75 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-28 | Dividend - Re 0.70 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.