Scripscan:Haldyn Glass Ltd
cmp:11
Code:515147
Story:Haldyn Glass Ltd manufactures and sells glass bottles and containers in India. It offers clear glass vials of various shapes and sizes to package injectibles, eye-drops, ear-drops, and other life saving drugs in the pharmaceutical industry; and clear bottles for packaging in liquor manufacturing, cosmetics, and food and beverages industry. The company was formerly known as Haldyn Glass Gujarat Limited and changed its name to Haldyn Glass Ltd in November 2011.Its a consistent dividend paying company.Current Market Cap Rs 60crore.Sales has grown by more than 20% CAGR in last 5 years to Rs. 156 crores in FY 11.Some quarters back one of the promoter companies having 10% stake i.e Gujrat Industrial Development Corporation sold its 2% stake in open market in a gradual manner. In a swift move, the other promoters bought out the balance 8% in an off market transaction when the then market price was around Rs. 17.There is no information available on current production capacity and future expansion plans. But given the growth achieved by the company, it seems that the management will be well tuned to meet future demands.
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