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Friday, January 20, 2017
HALDYN GLASS LTD (515147) :- SAFE BET
Today we are discussing one stock from Containers & Packaging segment for medium to long term investments.
HALDYN GLASS LTD
Haldyn Glass Limited (HGL) (Formerly known as Haldyn Glass Gujarat
Limited) incorporated in 1991, promoted by Haldyn Corporation Limited
(Formerly known as Haldyn Glass Limited) in the state of Gujarat, India.
Haldyn Corporation Limited is a closely held company engaged in
manufacture of Soda Lime Flint & Amber Glass containers since 1964,currently has total melting capacity 320 tons per day comprising of two
Glass Melting Furnaces (220 + 100 tons per day capacity) and 10 I.S.
machines which gives us leverage over the competition in manufacturing a
very wide range of containers from 10 ml to 1000 ml. The I.S. machines
are capable of producing 1.5 million high quality containers every day.
Manufacturing of quality glass is ensured by proper glass conditioning
with the aid of Automatic Temperature Control System for fore-hearths.
Furnaces are built with high quality imported refractories, Electronic
Furnace Control equipment including CC cameras imported from Europe
which are installed inside the furnaces. I.S. machines are
electronically controlled. CAD-CAM facility is used for designing and
manufacturing of the moulds. In-house foundry helps in producing quality
material for moulds. Containers manufactured by us go through various
stages of stringent quality tests including Thermal Shock, Pressure and
Stress Tests. Captive Power Generation Plant using clean fuel (natural
gas) ensures uninterrupted power supply.
Local Clients List
Liquor manufacturing industry use these bottles with
capacities ranging from 60ml to 1000 ml in various shapes and sizes for
packaging Whisky, Gin, Brandy, Vodka and other liquor products. industry
use these bottles with capacities ranging from 60ml to 1000ml in
various shapes.Cosmetics industry use these clear bottles for
packaging products like nail-polish, perfum- es, hair oil and toiletries
that look vibrant in different colours industry use these bottles with
capacities ranging from 60ml to 1000ml in various shapes.
Food and Beverages industry uses these bottles to
package consumable products. The clear transperancy of the Bottles gives
shelf appeal to the products ndustry use these bottles with capacities
ranging from 60ml to 1000ml in various shapes.
Promoter holding 52.5 % stake in company, Haldyn posted 87 cr top line and 4.60 cr net profit in latest half year ended 2016-17 (last full year profit was 6.60cr). Company growing good phase and expected net profit above 9 cr in this full year is more encouraging. Investor can buy this stock @ current price and hold medium to long term it will may give good return in portfolio. This is low risk good return type stock, Haldyan trading only in BSE @ 32.70 level.
The above is not a research report but information as available on
Before buying any stock take advice from certified person.