In this article, we will try to analyze the Haldyn Glass share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the company’s financials and various reports from research and brokerage firms.
Table of Contents
Haldyn Glass is listed on the Bombay Stock Exchange (BSE). The company manufactures valves for the pharmaceutical and liqueur industries. The company provides a cutting-edge advantage by creating new designs and shapes of bottles for its clients in the food, pharmaceutical, beverage, liquor, and beer industries.
Stock Performance
Haldyn Glass has delivered compound sales growth with a 14% CAGR in the last 5 years.
Haldyn Glass has delivered compound profit growth with a 124% CAGR in the last 5 years.
Haldyn Glass has delivered a stock price with a 41% CAGR in the last year.
Haldyn Glass has delivered a return on equity of 9% CAGR in the last 5 years and 16% in the last year.
Haldyn Glass has been maintaining a dividend payout of 0.41%.
Company Overview-
Haldyn Glass Limited was incorporated in 1991 and is based in Gujarat, India. Haldyn Glass has a rich experience in manufacturing exclusive-quality glass containers. The company specializes in producing the most sophisticated and modern designs to suit the quality standards of our clients with short lead times.
The company currently has a total melting capacity of 320 tons per day, comprising two glass melting furnaces. The company has 10 I.S. machines, which are capable of producing 1.5 million high-quality containers every day.
Its customers are:
- Amul
- United Spirits
- TILAKNAGAR INDUSTRIES LTD
- Ajanta Pharma
- Bajaj Corp. Ltd.
- Tops
- Hamdard
- ADF Foods Ltd.
- Sarabhai Zydus
- Pernod Ricard
- Parle Agro
Financials-
| Market Cap | 912 Cr |
| P/E Ratio | 37.44 |
| Industry P/E | 42.06 |
| Debt to Equity | 0.52 |
| Return on Equity | 13.04% |
| Dividend Yield | 0.41% |
Net-profit margin-
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 324 | 27 |
| 2022 | 218 | 12 |
| 2021 | 183 | 10 |
| 2020 | 233 | 11 |
| 2019 | 226 | 12 |
Share-holding Pattern-
| Dec’23 | Sep’23 | Jun’23 | Mar;23 | Dec’22 | |
|---|---|---|---|---|---|
| Promoters | 58.14% | 58.14% | 58.14% | 58.11% | 57.93 |
| Retail | 41.86% | 41.86% | 41.86% | 41.89% | 42.07% |
Share price targets for Haldyn Glass are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
We will predict the Haldyn Glass share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Haldyn Glass share price target: 2024
| 2024 | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January | 130 | 188 |
| February | 144 | 196 |
| March | 158 | 215 |
| April | 167 | 233 |
| May | 182 | 257 |
| June | 178 | 245 |
| July | 196 | 255 |
| August | 210 | 272 |
| September | 222 | 284 |
| October | 235 | 293 |
| November | 244 | 310 |
| December | 258 | 318 |
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 318 in December 2024 and a minimum price target of Rs 130 in January 2024. The average price target for Haldyn Glass in 2024 is expected to be around Rs 225.
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The Haldyn Glass Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2025
| 2025 | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January | 268 | 327 |
| February | 275 | 335 |
| March | 264 | 348 |
| April | 305 | 357 |
| May | 296 | 362 |
| June | 312 | 375 |
| July | 325 | 388 |
| August | 338 | 392 |
| September | 347 | 390 |
| October | 362 | 410 |
| November | 375 | 427 |
| December | 388 | 445 |
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 445 in December 2025 and a minimum price target of Rs 264 in March 2025. The average price target for Haldyn Glass in 2025 is expected to be around Rs 330.
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Haldyn Glass Share’s price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2026
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 836 in December 2026 and a minimum price target of Rs 410 in March 2026. The average price target for Haldyn Glass in 2026 is expected to be around Rs 625.
Haldyn Glass Share’s price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2027
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1274 in December 2027 and a minimum price target of Rs 745. in March 2027. The average price target for Haldyn Glass in 2027 is expected to be around Rs 950.
Haldyn Glass Share’s price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2028
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1855 in December 2028 and a minimum 1210 price target of Rs in March 2028. The average price target for Haldyn Glass in 2028 is expected to be around Rs 1545.
Haldyn Glass Share’s price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2029
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2548 in December 2025 and a minimum price target of Rs 1822 in March 2029. The average price target for Haldyn Glass in 2029 is expected to be around Rs 2255.
Haldyn Glass Share’s price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
Haldyn Glass share price target: 2030
The share price of Haldyn Glass is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3617 in December 2030 and a minimum price target of Rs 2522. in March 2030. The average price target for Haldyn Glass in 2030 is expected to be around Rs 3055.
Haldyn Glass Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strengths of Haldyn Glass
Promoter’s holding has increased from 57.93% in December 22 to 58.14% in December 23.
Domestic institutions are showing interest.
The company has targeted micro-niche businesses.
Weaknesses of the Haldyn Glass
The company has a very low net cash flow of 3 crore INR.
Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| Asahi India Glass Ltd | 13,104 | 40.97 |
| Borosil Renewables Ltd | 7206 | |
| Borosil Ltd | 3963 | 45.12 |
| Sejal Glass | 303 | 31.94 |
Conclusion
The Managing Director (MD), Mr. T.N. Shetty, has diversified the company’s business into the production of wide-mouthed jars through press and blow technology. The modern multi-color printing machines are commissioned as a value addition to decoration facilities.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice