HALDYN GLASS LTD.

Manufactures glass bottles as its single operating segment, with FY26 revenue from operations of Rs 463.67 crore. To secure captive renewable power for its manufacturing operations, the company and its associate Haldyn Heinz Fine Glass are acquiring stakes in Jamnagar Renewables Two Private Limited — a subsidiary of Continuum Green Energy — under a Power Consumption Agreement. Other operating expenses form the largest cost line at 46.7% of revenue, followed by raw materials at 23.1%, employee costs at 12.8%, and depreciation at 6.6%, with FY26 EBITDA margin at 15.02%. Operations span a US subsidiary (Haldyn Glass USA Inc.) and a joint venture (Haldyn Heinz Fine Glass). Bank facilities of Rs 168 crore (long-term) and Rs 14 crore (short-term) carry CARE A- and CARE A2 ratings respectively, with a Stable outlook. The board has recommended a dividend of Rs 0.70 per equity share for FY26.