Haldyn Glass Ltd Stock Hits 52-Week Low at Rs.81.6 Amidst Continued Downtrend

Stock Price Movement and Market Context

On the day the new low was recorded, Haldyn Glass opened with a positive gap, rising 3.4% to an intraday high of Rs.86.4. However, the stock reversed course sharply, closing near its intraday low at Rs.81.6, down 2.35% from the previous close. This decline contributed to a day change of -1.63%, underperforming the packaging sector’s gain of 3.09% by 4.83%. The stock has now recorded losses for three consecutive sessions, cumulatively falling 5.4% during this period.

Haldyn Glass is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained bearish momentum. In contrast, the Sensex index rose 0.3% to 82,100.09 points, closing just 4.94% shy of its 52-week high of 86,159.02, supported by gains in mega-cap stocks. This divergence highlights the stock’s relative weakness amid a generally positive market environment.

Financial Performance and Profitability Trends

The company’s recent quarterly results have been subdued, with profit before tax (PBT) declining by 32.58% to Rs.4.16 crores. Operating profit margin relative to net sales has contracted to a low of 11.70%, indicating pressure on core earnings. Notably, non-operating income accounted for 50.65% of PBT, suggesting that a significant portion of profits is derived from sources outside the company’s primary business activities.

Over the past year, Haldyn Glass’s profits have decreased by 9.5%, while the stock price has fallen 36.82%, underperforming the Sensex’s 8.21% gain over the same period. The stock has also lagged behind the BSE500 index across one-year, three-year, and three-month timeframes, reflecting below-par performance both in the near and longer term.

Valuation and Credit Metrics

Despite the recent price weakness, Haldyn Glass exhibits some positive financial attributes. The company maintains a low debt-to-EBITDA ratio of 1.50 times, indicating a strong capacity to service its debt obligations. Operating profit has grown at an annualised rate of 49.63% over the long term, reflecting underlying business growth potential.

The return on capital employed (ROCE) stands at 7.5%, and the enterprise value to capital employed ratio is a modest 1.7, suggesting a valuation that is attractive relative to peers. The stock currently trades at a discount compared to the average historical valuations of its packaging sector counterparts.

Shareholding and Market Sentiment

Promoters remain the majority shareholders of Haldyn Glass Ltd, maintaining significant control over the company’s strategic direction. The company’s Mojo Score is 40.0, with a recent downgrade from a Hold to a Sell rating on 3 Oct 2025, reflecting a reassessment of the stock’s outlook based on its financial and market performance.

The market capitalisation grade is rated 4, indicating a relatively modest size within the packaging sector. The stock’s underperformance relative to sector peers and broader indices has contributed to its current valuation and sentiment challenges.

Comparative Performance and Sector Dynamics

Within the packaging sector, Haldyn Glass’s performance contrasts with the sector’s positive momentum. While the glass packaging segment has gained 3.09% on the day, Haldyn Glass’s share price has declined, highlighting a divergence from sector trends. The stock’s 52-week high was Rs.154.65, underscoring the extent of the recent price erosion.

The Sensex’s upward movement, supported by mega-cap stocks, further emphasises the stock’s relative weakness. The index’s 50-day moving average remains above its 200-day moving average, signalling a generally bullish market environment that Haldyn Glass has not participated in.

Summary of Key Financial Indicators

To summarise, Haldyn Glass Ltd’s recent financial and market data reveal:

• New 52-week low price of Rs.81.6 recorded on 28 Jan 2026
• Three consecutive days of share price decline, totalling a 5.4% loss
• Profit before tax down 32.58% to Rs.4.16 crores in the latest quarter
• Operating profit margin at a low 11.70% of net sales
• Non-operating income constituting over half of PBT
• Long-term operating profit growth at 49.63% annually
• Debt to EBITDA ratio of 1.50 times, indicating manageable leverage
• ROCE of 7.5% and enterprise value to capital employed ratio of 1.7
• Mojo Score of 40.0 with a Sell rating as of 3 Oct 2025

These figures illustrate the stock’s current valuation challenges and the financial pressures faced by the company, set against a backdrop of broader market strength and sector gains.

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