HALDYN GLASS is listed only on bse, code 515147

Haldyn glass manufactures soda lime amber and clear glass containers for use in various pharmaceuticals, chemicals, liquor, beverages, beer and other industries. The product range is from 1ml to 2500 ml containers.

It has also started manufacturing clear glass vials and bottles for nail polish, cosmetics, toiletries, hair oil etc.

Its products are used for packaging by various companies like Cadila,Wyeth, Mcdowell,camlin, Cipla, and various other leading pharma companies. Besides it exports its products to countries like the gulf countries, African countries, Srilanka etc.

NEW DEVELOPMENTS


The company has recently expanded the capacity from 150 ton to 200 ton from Feb 09.

It has also commissioned captive power plant and waste heat recovery system.

All these factors have contributed to improvement in the profitability of the company which is visible from the results of the March 09 and June 09 quarters.

FINANCIALS
YEAR                  Mar 06      Mar07       Mar 08       Mar 09        Q409        Q1-10
SALES                   60               68                 67             104             26.4        31.2
NP                          4.8               8                  8              6.8              2.54        3.39

EQUITY IS 5.38 crores. Promoters hold around 54 percent out of which they have pledged around 73%(as on June09) . Market cap is around 45 crores and debt for FY 09 was around 50 crores.

The company is expected to show substantial improvement in margins going forward and as is evident from last two quarters because of reduction of power cost and modernisation and expansion of production capacities.

POSITIVES
Good growth prospects after expansion and modernisation
Improved profitability
NEGATIVES
High debt burden
Promoter pledging
Looking at the last two quarter results the company is expected to post earnings of around 20-25 per share and currently available at around 80-85. The stock could be kept under watch for consistency in earnings.

Yes, dividend yield should have been better. For FY09 dividend declared was Rs. 1.8.

With higher earnings I expect dividends also to be higher.

What I liked about the company was the sustainability of demand for glass bottles.

Originally posted by KrishnamRaju Hi can u plase help me this company annula report, i have gone through the website but could not get it

same problem here. I also couldn't get the annual report.

Huge spike in haldyn propabaly life time high with huge volume..is anybody recomended on TV ?