---
title: "GLEN Industries Ltd (544444) — Share Price, Financials & Analysis"
symbol: "544444"
company: "GLEN Industries Ltd"
canonical: "https://tapetide.com/stocks/544444"
isin: "INE0UMC01019"
nse_symbol: "GLENINDUSTRIESLTD"
bse_code: "544444"
sector: "Healthcare"
industry: "Pharmaceuticals"
market_cap_cr: 304.42
generated_at: "2026-09-13T19:17:07.084Z"
---

# GLEN Industries Ltd (544444)

Canonical page: https://tapetide.com/stocks/544444

## Company

- **NSE Symbol:** GLENINDUSTRIESLTD
- **BSE Code:** 544444
- **ISIN:** INE0UMC01019
- **Sector:** Healthcare
- **Industry:** Pharmaceuticals
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-07-15
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** glen-india.com

## About

Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:41:50.913328Z.

- **Market Cap:** ₹304.42 Cr
- **Classification:** SME
- **P/E (reported):** 18.5
- **Book Value:** ₹54.64
- **Price to Book:** 2.33
- **Dividend Yield:** 0%
- **ROE:** 11.82%
- **ROCE:** 18.37%
- **Debt to Equity:** 0.87
- **Revenue (yearly):** ₹205.2 Cr
- **Net Income:** ₹16.5 Cr
- **EBITDA:** ₹39.1 Cr
- **52-Week High:** ₹134
- **52-Week Low:** ₹58
- **RSI (14):** 69.62

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 43.11 | 9% |
| growth | 67.74 | 9% |
| momentum | 98.9 | 12% |
| ownership | 39.58 | 24% |
| quality | 45.73 | 22% |
| valuation | 34.23 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 1.39% | -57.94% | 142.86% |
| ebitda margin growth | -28.04% | -20.2% | 9.87% | 34.65% |
| net income growth | -36.54% | -9.34% | 75% | 345.95% |
| revenue growth | -5.72% | 19.79% | 20% | 16.24% |
| roce | -34.97% | -37.3% | -16% | 18.84% |
| roe | -37.6% | -62.08% | 20.57% | -27.35% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 84 | 87 | 96 | 108 |
| Expenses | 66 | 64 | 76 | 90 |
| Operating Profit | 18 | 23 | 19 | 18 |
| OPM % | 21 | 26 | 20 | 17 |
| Other Income | 1 | 0 | 1 | 1 |
| Interest | 4 | 6 | 5 | 5 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | 11 | 13 | 11 | 11 |
| Tax % | 25 | 26 | 25 | 23 |
| Net Profit | 8 | 10 | 8 | 8 |
| EPS in Rs | 4.84 | 5.53 | 3.45 | 3.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 92 | 115 | 140 | 166 | 199 |
| Expenses | 81 | 99 | 115 | 126 | 162 |
| Operating Profit | 11 | 16 | 25 | 40 | 37 |
| OPM % | 12 | 14 | 18 | 24 | 19 |
| Other Income | 3 | -2 | 0 | 1 | 2 |
| Interest | 4 | 6 | 7 | 9 | 9 |
| Depreciation | 5 | 6 | 6 | 7 | 8 |
| Profit before tax | 5 | 3 | 11 | 24 | 22 |
| Tax % | 27 | 44 | 25 | 25 | 24 |
| Net Profit | 4 | 1 | 9 | 18 | 16 |
| EPS in Rs | 35.62 | 14.42 | 82.46 | 10.37 | 6.86 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 18 | 32 |
| Reserves | 17 | 31 | 40 | 41 | 107 |
| Borrowings | 77 | 86 | 94 | 133 | 121 |
| Other Liabilities | 22 | 19 | 26 | 23 | 30 |
| Total Liabilities | 116 | 137 | 161 | 214 | 291 |
| Fixed Assets | 55 | 73 | 81 | 108 | 108 |
| CWIP | 1 | 0 | 0 | 1 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 60 | 64 | 80 | 106 | 170 |
| Total Assets | 116 | 137 | 161 | 214 | 291 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -14 | 11 | 14 | 6 | 6 |
| Cash from Investing Activity | -22 | -15 | -13 | -35 | -18 |
| Cash from Financing Activity | 34 | 4 | -2 | 30 | 11 |
| Net Cash Flow | -2 | 0 | -1 | 1 | -1 |
| Free Cash Flow | -29 | -2 | 0 | -29 | -14 |
| CFO/OP | -124 | 75 | 57 | 20 | 32 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 61 | 52 | 69 | 68 | 68 |
| Inventory Days | 192 | 192 | 184 | 252 | 240 |
| Days Payable | 34 | 42 | 51 | 25 | 41 |
| Cash Conversion Cycle | 219 | 202 | 203 | 294 | 267 |
| Working Capital Days | 6 | -6 | 4 | 4 | 25 |
| ROCE % | — | 10 | 15 | 20 | 14 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 100% | 73% | 73% | 73.31% |
| FIIs | 0% | 1.83% | 0.22% | 0% |
| DIIs | 0% | 9.93% | 9.06% | 6.64% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 11.95% | 12.31% | 15.47% |
| Others | 0% | 3.29% | 5.41% | 4.57% |
| No. of Shareholders | 7 | 1267 | 1196 | 1118 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 5 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 124.51 | Buy |
| EMA (10) | 125.05 | Buy |
| SMA (20) | 122.36 | Buy |
| EMA (20) | 120.5 | Buy |
| SMA (50) | 99.6 | Buy |
| EMA (50) | 105.9 | Buy |
| SMA (100) | 85.51 | Buy |
| EMA (100) | 94.15 | Buy |
| SMA (200) | 81.27 | Buy |
| EMA (200) | 90.04 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 70.43 | Sell |
| MACD (12,26,9) | 7.05 | Sell |
| Stochastic (14,3,3) | 60.58 | Neutral |
| ADX (14) | 57.59 | Buy |
| Williams %R (14) | -34.11 | Neutral |
| ATR (14) | 4.95 | High Volatility |
| ROC (12) | 4.72 | Buy |
| Stoch RSI (14) | 49.59 | Neutral |
| UO (7,14,28) | 45.88 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Announcement Under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7dd370ff-e891-443e-b0f3-aee4ccdf9da4.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=864f849b-0553-4e88-ab99-7e3c252dc677.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89b1d2d6-8b3e-497b-b5cc-938d013f2468.pdf) |
| 2026-08-22 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5970de7-c42d-4841-80d0-f6c55f67fe7e.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c472ef7-4f74-4f17-8b7c-17d2827ead1a.pdf) |
| 2026-08-20 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=067b6113-07b4-4af6-a45d-88adebdcbf13.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=928c8203-22a2-4074-bc18-b69dd1c3da7a.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52030aaf-e777-4e4a-916f-6fb2191fd990.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0b78edc-6584-407e-8dac-d1d7bfd332a6.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0234907-f6df-4d40-8cba-059134d7fc43.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c76120c-893d-425c-a0cc-2f10c873d814.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/423db65f-7db9-4858-83d4-2675f3dae7d8.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/784ac865-9a5e-44ef-abf0-a4e4c464b1b6.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/784ac865-9a5e-44ef-abf0-a4e4c464b1b6.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f32aeec-fa0a-40c9-a76f-e30fb398d9d4.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=784ac865-9a5e-44ef-abf0-a4e4c464b1b6.pdf) |
| 2025-11-13 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c76120c-893d-425c-a0cc-2f10c873d814.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84fa57d7-58de-46d9-a878-f0c5c9e4b6c2.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=10940da8-d696-4e64-b697-a2da132bfe6a.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=423db65f-7db9-4858-83d4-2675f3dae7d8.pdf) |
| 2025-11-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f5a6c63-c168-434e-9496-1a66fcd9efb0.pdf) |
| 2025-08-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f32aeec-fa0a-40c9-a76f-e30fb398d9d4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - FY26 revenue rose 19.02% to ₹203.13 Cr; food container capacity expanded to 21,095 MT. | [Announcement Under Regulation 30(LODR)- Business Update 9 Apr - FY26 revenue rose 19.02% to ₹203.13 Cr; food container capacity expanded to 21,095 MT.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/575a5cba-37b0-4c52-8b24-9918886c53a7.pdf) |
| 9 Apr - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations , 2018 for the quarter ended 31.03.2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations , 2018 for the quarter ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ead1409-eb8a-47b8-bbf4-7b604b707d12.pdf) |
| 7h - Lalit Agarwal (HUF) acquired 12,000 shares at Rs62.132; promoter holding rose to 73.05%. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 7h - Lalit Agarwal (HUF) acquired 12,000 shares at Rs62.132; promoter holding rose to 73.05%.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7dfc50cb-4d88-42b3-9189-2dc4d2b20d75.pdf) |
| 30 Mar - Lalit Agrawal (HUF) bought 21,600 shares for Rs1,341,000 on 30 Mar 2026; promoter holding rose to 73.52%. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 30 Mar - Lalit Agrawal (HUF) bought 21,600 shares for Rs1,341,000 on 30 Mar 2026; promoter holding rose to 73.52%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d2be8bd-4041-473f-9930-78db51f78b3d.pdf) |
| 30 Jan - Commercial production delayed from Q4 FY2025–26 to Q1/Q2 FY2026–27 due to pending regulatory approvals. | [Intimation Under Regulation 30 Read With Schedule III, Part A And Para B Of The SEBI (LODR) Regulations, 2015 30 Jan - Commercial production delayed from Q4 FY2025–26 to Q1/Q2 FY2026–27 due to pending regulatory approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6af389ce-fd47-4e24-9448-6fa0bcf4337e.pdf) |
| 28 Mar - Promoter group Lalit Agrawal (HUF) bought 1,200 shares for Rs.78,000; promoter stake rose to 73.43% | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 28 Mar - Promoter group Lalit Agrawal (HUF) bought 1,200 shares for Rs.78,000; promoter stake rose to 73.43%](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed18cadd-6396-4f6d-93a1-399955393817.pdf) |
| 27 May - Board approved audited standalone and consolidated FY26 results on 27 May 2026; unmodified audit opinion. | [Board Meeting Outcome for Board Meeting Outcome For Board Meeting Outcome For Consolidated And Standalone Unaudited Financial Results For The Half Year And Financial Year Ended 31.03.2026 27 May - Board approved audited standalone and consolidated FY26 results on 27 May 2026; unmodified audit opinion.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e059227d-4b3b-4ddf-8ffc-631691140ab2.pdf) |
| 25 Mar - Lalit Agrawal (HUF) bought 10,800 shares worth Rs.7,91,208 on March 25, 2026; promoter holding 73.42%. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 25 Mar - Lalit Agrawal (HUF) bought 10,800 shares worth Rs.7,91,208 on March 25, 2026; promoter holding 73.42%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83b8352f-a3b1-4c2c-96dd-811a30d599ba.pdf) |
| 24 Mar - Promoter-group Lalit Agrawal (HUF) acquired 13,200 shares at Rs.69.92; holding rose to 73.37% on Mar 24, 2026. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 24 Mar - Promoter-group Lalit Agrawal (HUF) acquired 13,200 shares at Rs.69.92; holding rose to 73.37% on Mar 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/265fbf61-7210-42b6-a5f3-9131aaaad8e8.pdf) |
| 24 Feb - Glen Industries held virtual group investor meeting Feb 24, 2026 (04:00–04:50pm) with multiple analysts; no UPSI. | [Intimation Of Outcome Of Analysts/Investors Meeting 24 Feb - Glen Industries held virtual group investor meeting Feb 24, 2026 (04:00–04:50pm) with multiple analysts; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd121fe1-9066-4391-ab75-5bd3d777864c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/89983cfa-7a1b-4f2c-9a7d-ff8a798d2d49.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f44c5907-cfd1-4002-9fce-0161ee1e874f.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/513583/5135830313.pdf) |
| from bse | [Financial Year 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/513583/5135830312.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/513583/5135830311.pdf) |
| from bse | [Financial Year 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/513583/5135830310.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-11-13 | [Revised Limited Review Report For The Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5378c0c-6de4-4f59-afb6-a9ad165d51ed.pdf) |
| 2025-11-04 | [Consolidated And Standalone Unaudited Financial Results For The Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0670563-d71b-4711-9851-923e94d72470.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:07.084Z.