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Last Updated: March 3, 2026, 12:44 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 515145 | NSE: HINDNATGLS

Hindusthan National Glass & Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹165.06Undervalued by 1,767.19%vs CMP ₹8.84

P/E (15.0) × ROE (15.0%) × BV (₹89.90) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹175.43Undervalued by 1,884.50%vs CMP ₹8.84
MoS: +95% (Strong)Confidence: 55/100 (Moderate)Models: All 4: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹341.4034%Under (+3762%)
Graham NumberEarnings₹76.5934%Under (+766.4%)
Earnings YieldEarnings₹29.0018%Under (+228.1%)
Revenue MultipleRevenue₹202.8114%Under (+2194.2%)
Consensus (4 models)₹175.43100%Undervalued
Key Drivers: EPS CAGR 106.8% lifts DCF — verify sustainability. | Wide model spread (₹29–₹341) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 106.8% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

38
Hindusthan National Glass & Industries Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health22/100 · Weak
ROCE 3.0% WeakROE 0.0% WeakD/E 4.04 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 70.7% Stable
Earnings Quality75/100 · Strong
OPM expanding (-6% → 8%) ImprovingWorking capital: -572 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -30% YoY DecliningProfit (4Q): -115% YoY DecliningOPM: 3.1% (down 7.7% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 3.0% vs industry 7.2% Below peers3Y sales CAGR: -5% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Hindusthan National Glass & Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 19.0 | ROCE 3.0% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 4.04x | IntCov 0.0x | Current 0.77x | Borrow/Reserve N/A
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹26 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII -0.08 pp | Prom 0.00 pp
Business Momentum
+7
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -0.1% | Q NP +108.2% | Q OPM +1.8 pp
Derived FieldValueHow it is derived
Valuation Gap %+1,884.5%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change-0.08 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-102Latest shareholder count minus previous count
Quarterly Sales Change-0.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+108.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 12:44 pm

Market Cap 79.2 Cr.
Current Price 8.84
Intrinsic Value₹175.43
High / Low 21.6/8.84
Stock P/E
Book Value 89.9
Dividend Yield0.00 %
ROCE2.96 %
ROE%
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hindusthan National Glass & Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Haldyn Glass Ltd 444 Cr. 82.6 155/70.419.0 41.20.85 %11.5 %8.88 % 1.00
Hindusthan National Glass & Industries Ltd 79.2 Cr. 8.84 21.6/8.84 89.90.00 %2.96 %% 2.00
Industry Average444.00 Cr45.7219.0065.550.43%7.23%8.88%1.50

All Competitor Stocks of Hindusthan National Glass & Industries Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 634.10572.22589.46661.47701.05612.02617.43621.84553.61434.45417.35412.08411.72
Expenses 741.27646.92575.25607.02610.14533.81557.83560.31493.75408.93410.78406.74398.89
Operating Profit -107.17-74.7014.2154.4590.9178.2159.6061.5359.8625.526.575.3412.83
OPM % -16.90%-13.05%2.41%8.23%12.97%12.78%9.65%9.89%10.81%5.87%1.57%1.30%3.12%
Other Income 2.803.854.412.9122.209.598.33-75.466.356.225.77-12.228.24
Interest 2.897.831.6814.942.720.040.620.970.610.700.030.230.44
Depreciation 30.1728.2924.5823.2723.2222.7122.6319.5219.3319.1619.2418.7918.65
Profit before tax -137.43-106.97-7.6419.1587.1765.0544.68-34.4246.2711.88-6.93-25.901.98
Tax % 0.00%0.00%0.00%2.25%0.13%0.17%0.25%-3.52%-0.48%-1.85%-3.17%0.12%-8.08%
Net Profit -137.43-106.98-7.6418.7387.0764.9544.58-33.2146.4912.10-6.71-25.932.13
EPS in Rs -15.35-11.95-0.852.099.727.254.98-3.715.191.35-0.75-2.900.24

Last Updated: August 20, 2025, 9:35 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 5:12 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,8141,9981,9791,8541,9602,3922,2861,8992,0872,4572,5521,8171,676
Expenses 1,6361,7831,7121,6601,8482,2612,0241,8552,2282,5712,2621,7201,625
Operating Profit 17821426719311313126344-141-1132909750
OPM % 10%11%13%10%6%5%11%2%-7%-5%11%5%3%
Other Income 8663593210716-33214-3568
Interest 25725925523825225323321012027421
Depreciation 247254199175161159148134119106887776
Profit before tax -239-236-182-127-298-173-103-304-349-23316225-19
Tax % -9%0%0%0%-1%0%-0%0%0%0%-1%-2%
Net Profit -218-237-182-127-295-173-103-304-349-23316326-18
EPS in Rs -24.98-27.14-20.87-14.55-32.89-19.31-11.50-33.96-38.92-26.0518.242.90-2.06
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-8.72%23.21%30.22%-132.28%41.36%40.46%-195.15%-14.80%33.24%169.96%-84.05%
Change in YoY Net Profit Growth (%)0.00%31.92%7.01%-162.50%173.64%-0.89%-235.61%180.34%48.04%136.72%-254.01%

Hindusthan National Glass & Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-4%
3 Years:-5%
TTM:-30%
Compounded Profit Growth
10 Years:8%
5 Years:20%
3 Years:28%
TTM:-101%
Stock Price CAGR
10 Years:-21%
5 Years:-20%
3 Years:-7%
1 Year:-59%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 6:20 am

Balance Sheet

Last Updated: June 16, 2025, 12:00 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 171717171818181818181818
Reserves 749495505377129-39-143-450-784-1,016-850-823
Borrowings 2,5612,6972,6022,5682,5302,3912,4452,2552,2252,2642,2642,264
Other Liabilities 6466625956236388098631,1871,4841,5921,4681,452
Total Liabilities 3,9743,8703,7203,5863,3153,1793,1843,0102,9422,8582,9002,911
Fixed Assets 2,5052,3072,4242,2942,1462,0371,9261,7751,6821,6311,4461,358
CWIP 14612175100125110878683242930
Investments 14523310836362211111
Other Assets 1,1781,2101,1131,1551,0081,0301,1691,1481,1761,2011,4241,521
Total Assets 3,9743,8703,7203,5863,3153,1793,1843,0102,9422,8582,9002,911

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 338180308166249219-701983853176169
Cash from Investing Activity + 118-755296-439614-1413-1-18
Cash from Financing Activity + -465-130-356-265-205-1665-134-35-20-0
Net Cash Flow -9-254-31149-5150454175151
Free Cash Flow 27316423293204200-751813753169157
CFO/OP 190%84%115%86%218%167%-27%454%-27%-49%60%178%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow176.00212.00265.00191.00111.00129.00261.0042.00-143.00-115.00288.0095.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 757977797356516661444448
Inventory Days 361284287407264178240284208161257347
Days Payable 264228250306247165117175220205221310
Cash Conversion Cycle 17313511517990701751754817985
Working Capital Days -84-68-17-33-99-118-160-320-448-435-397-572
ROCE %-2%-1%2%1%-2%-0%6%-4%-14%-15%20%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.13%0.08%0.00%
Public 29.28%29.27%29.26%29.27%29.27%29.26%29.27%29.27%29.28%29.13%29.18%29.26%
No. of Shareholders 14,26814,11513,78313,35512,72012,05811,82811,56711,53411,76311,72411,622

Shareholding Pattern Chart

No. of Shareholders

Hindusthan National Glass & Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -32.28-13.10-17.45-27.26-22.53
Diluted EPS (Rs.) -32.28-13.10-17.45-27.26-22.53
Cash EPS (Rs.) -14.926.258.506.6213.05
Book Value[Excl.RevalReserv]/Share (Rs.) 17.8045.5759.0844.3173.44
Book Value[Incl.RevalReserv]/Share (Rs.) 17.8045.5759.0854.4083.90
Revenue From Operations / Share (Rs.) 215.22213.03258.14266.76249.14
PBDIT / Share (Rs.) 12.8021.8939.9039.4443.17
PBIT / Share (Rs.) -5.171.8713.275.569.78
PBT / Share (Rs.) -33.29-13.77-17.80-27.15-23.01
Net Profit / Share (Rs.) -32.89-13.77-18.13-27.26-20.35
NP After MI And SOA / Share (Rs.) -31.83-13.10-17.45-27.26-22.53
PBDIT Margin (%) 5.9410.2715.4514.7817.32
PBIT Margin (%) -2.400.875.142.083.92
PBT Margin (%) -15.46-6.46-6.89-10.17-9.23
Net Profit Margin (%) -15.28-6.46-7.02-10.21-8.16
NP After MI And SOA Margin (%) -14.78-6.14-6.75-10.21-9.04
Return on Networth / Equity (%) -178.80-28.74-29.53-61.52-30.67
Return on Capital Employeed (%) -2.530.704.271.913.08
Return On Assets (%) -8.56-3.18-3.81-5.69-4.42
Long Term Debt / Equity (X) 10.344.754.215.253.14
Total Debt / Equity (X) 14.096.075.257.054.04
Asset Turnover Ratio (%) 0.550.490.500.480.41
Current Ratio (X) 0.650.870.930.850.77
Quick Ratio (X) 0.320.400.450.470.40
Inventory Turnover Ratio (X) 1.090.981.131.090.97
Interest Coverage Ratio (X) 0.450.801.281.211.32
Interest Coverage Ratio (Post Tax) (X) -0.160.060.410.160.37
Enterprise Value (Cr.) 3199.303335.473384.163670.823866.43
EV / Net Operating Revenue (X) 1.661.791.501.581.78
EV / EBITDA (X) 27.9117.459.7110.6610.25
MarketCap / Net Operating Revenue (X) 0.490.490.300.400.60
Price / BV (X) 6.032.321.342.462.04
Price / Net Operating Revenue (X) 0.490.490.300.400.60
EarningsYield -0.29-0.12-0.22-0.25-0.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindusthan National Glass & Industries Ltd. is a Public Limited Listed company incorporated on 23/02/1946 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L26109WB1946PLC013294 and registration number is 013294. Currently company belongs to the Industry of Glass & Glass Products. Company's Total Operating Revenue is Rs. 1817.49 Cr. and Equity Capital is Rs. 17.91 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Glass & Glass Products2, Red Cross Place, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Amal Chandra SahaIndependent Director
Mrs. Rita BhimaniIndependent Director
Mr. Neeraj Kumar SurekaIndependent Director

FAQ

What is the intrinsic value of Hindusthan National Glass & Industries Ltd and is it undervalued?

As of 05 April 2026, Hindusthan National Glass & Industries Ltd's intrinsic value is ₹175.43, which is 1884.50% higher than the current market price of ₹8.84, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹89.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindusthan National Glass & Industries Ltd?

Hindusthan National Glass & Industries Ltd is trading at ₹8.84 as of 05 April 2026, with a FY2026-2027 high of ₹21.6 and low of ₹8.84. The stock is currently near its 52-week low. Market cap stands at ₹79.2 Cr..

How does Hindusthan National Glass & Industries Ltd's P/E ratio compare to its industry?

Hindusthan National Glass & Industries Ltd has a P/E ratio of , which is below the industry average of 19.00. This is broadly in line with or below the industry average.

Is Hindusthan National Glass & Industries Ltd financially healthy?

Key indicators for Hindusthan National Glass & Industries Ltd: ROCE of 2.96 % is on the lower side compared to the industry average of 7.23%; ROE of % is below ideal levels (industry average: 8.88%). Dividend yield is 0.00 %.

Is Hindusthan National Glass & Industries Ltd profitable and how is the profit trend?

Hindusthan National Glass & Industries Ltd reported a net profit of ₹26 Cr in Mar 2025 on revenue of ₹1,817 Cr. Compared to ₹-349 Cr in Mar 2022, the net profit shows an improving trend.

Does Hindusthan National Glass & Industries Ltd pay dividends?

Hindusthan National Glass & Industries Ltd has a dividend yield of 0.00 % at the current price of ₹8.84. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hindusthan National Glass & Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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