---
title: "Hindusthan National Glass & Industries Ltd (HINDNATGLS) — Share Price, Financials & Analysis"
symbol: "HINDNATGLS"
company: "Hindusthan National Glass & Industries Ltd"
canonical: "https://tapetide.com/stocks/HINDNATGLS"
isin: "INE952A01022"
nse_symbol: "HINDNATGLS"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:57:43.766Z"
---

# Hindusthan National Glass & Industries Ltd (HINDNATGLS)

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

## Company

- **NSE Symbol:** HINDNATGLS
- **ISIN:** INE952A01022
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2009-04-15
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** hngil.com

## About

Incorporated in 1946, Hindusthan National 
 Glass  & Industries Ltd does manufacturing 
of container glasses[1]

## Latest Price

- **Price:** ₹8.84
- **Change:** 0 (0%)
- **Open:** ₹8.84
- **Day High:** ₹8.84
- **Day Low:** ₹8.84
- **Previous Close:** ₹8.84
- **Volume:** 0
- **As Of:** 2025-09-02T10:15:45+00:00

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.49% over past five years.
- Contingent liabilities of Rs.61.8 Cr.
- Promoters have pledged 96.5% of their holding.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -101% | 28% | 20% |
| revenue growth | -30% | -5% | -4% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 572.22 | 589.46 | 661.47 | 701.05 | 612.02 | 617.43 | 621.84 | 553.61 | 434.45 | 417.35 | 412.08 | 411.72 |
| Expenses | 646.92 | 575.25 | 607.02 | 610.14 | 533.81 | 557.83 | 560.31 | 493.75 | 408.93 | 410.78 | 406.74 | 398.89 |
| Operating Profit | -74.7 | 14.21 | 54.45 | 90.91 | 78.21 | 59.6 | 61.53 | 59.86 | 25.52 | 6.57 | 5.34 | 12.83 |
| OPM % | -13.05 | 2.41 | 8.23 | 12.97 | 12.78 | 9.65 | 9.89 | 10.81 | 5.87 | 1.57 | 1.3 | 3.12 |
| Other Income | 3.85 | 4.41 | 2.91 | 22.2 | 9.59 | 8.33 | -75.46 | 6.35 | 6.22 | 5.77 | -12.22 | 8.24 |
| Interest | 7.83 | 1.68 | 14.94 | 2.72 | 0.04 | 0.62 | 0.97 | 0.61 | 0.7 | 0.03 | 0.23 | 0.44 |
| Depreciation | 28.29 | 24.58 | 23.27 | 23.22 | 22.71 | 22.63 | 19.52 | 19.33 | 19.16 | 19.24 | 18.79 | 18.65 |
| Profit before tax | -106.97 | -7.64 | 19.15 | 87.17 | 65.05 | 44.68 | -34.42 | 46.27 | 11.88 | -6.93 | -25.9 | 1.98 |
| Tax % | 0 | 0 | 2.25 | 0.13 | 0.17 | 0.25 | -3.52 | -0.48 | -1.85 | -3.17 | 0.12 | -8.08 |
| Net Profit | -106.98 | -7.64 | 18.73 | 87.07 | 64.95 | 44.58 | -33.21 | 46.49 | 12.1 | -6.71 | -25.93 | 2.13 |
| EPS in Rs | -11.95 | -0.85 | 2.09 | 9.72 | 7.25 | 4.98 | -3.71 | 5.19 | 1.35 | -0.75 | -2.9 | 0.24 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1854 | 1960 | 2392 | 2286 | 1899 | 2087 | 2457 | 2552 | 1817 | 1676 |
| Expenses | 1660 | 1848 | 2261 | 2024 | 1855 | 2228 | 2571 | 2262 | 1720 | 1625 |
| Operating Profit | 193 | 113 | 131 | 263 | 44 | -141 | -113 | 290 | 97 | 50 |
| OPM % | 10 | 6 | 5 | 11 | 2.3 | -7 | -4.6 | 11 | 5 | 3 |
| Other Income | 93 | 2 | 107 | 16 | -3 | 32 | 14 | -35 | 6 | 8 |
| Interest | 238 | 252 | 253 | 233 | 210 | 120 | 27 | 4 | 2 | 1 |
| Depreciation | 175 | 161 | 159 | 148 | 134 | 119 | 106 | 88 | 77 | 76 |
| Profit before tax | -127 | -298 | -173 | -103 | -304 | -349 | -233 | 162 | 25 | -19 |
| Tax % | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -1 | -2 | — |
| Net Profit | -127 | -295 | -173 | -103 | -304 | -349 | -233 | 163 | 26 | -18 |
| EPS in Rs | -14.55 | -32.89 | -19.31 | -11.5 | -33.96 | -38.92 | -26.05 | 18.24 | 2.9 | -2.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 17 | 17 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 505 | 377 | 129 | -39 | -143 | -450 | -784 | -1016 | -850 | -823 |
| Borrowings | 2602 | 2568 | 2530 | 2391 | 2445 | 2255 | 2225 | 2264 | 2264 | 2264 |
| Other Liabilities | 595 | 623 | 638 | 809 | 863 | 1187 | 1484 | 1592 | 1468 | 1452 |
| Total Liabilities | 3720 | 3586 | 3315 | 3179 | 3184 | 3010 | 2942 | 2858 | 2900 | 2911 |
| Fixed Assets | 2424 | 2294 | 2146 | 2037 | 1926 | 1775 | 1682 | 1631 | 1446 | 1358 |
| CWIP | 75 | 100 | 125 | 110 | 87 | 86 | 83 | 24 | 29 | 30 |
| Investments | 108 | 36 | 36 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 1113 | 1155 | 1008 | 1030 | 1169 | 1148 | 1176 | 1201 | 1424 | 1521 |
| Total Assets | 3720 | 3586 | 3315 | 3179 | 3184 | 3010 | 2942 | 2858 | 2900 | 2911 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 308 | 166 | 249 | 219 | -70 | 198 | 38 | 53 | 176 | 169 |
| Cash from Investing Activity | 52 | 96 | -43 | 96 | 14 | -14 | 1 | 3 | -1 | -18 |
| Cash from Financing Activity | -356 | -265 | -205 | -166 | 5 | -134 | -35 | -2 | 0 | 0 |
| Net Cash Flow | 4 | -3 | 1 | 149 | -51 | 50 | 4 | 54 | 175 | 151 |
| Free Cash Flow | 232 | 93 | 204 | 200 | -75 | 181 | 37 | 53 | 169 | 157 |
| CFO/OP | 115 | 86 | 218 | 167 | -27 | 454 | -27 | -49 | 60 | 178 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 77 | 79 | 73 | 56 | 51 | 66 | 61 | 44 | 44 | 48 |
| Inventory Days | 287 | 407 | 264 | 178 | 240 | 284 | 208 | 161 | 257 | 347 |
| Days Payable | 250 | 306 | 247 | 165 | 117 | 175 | 220 | 205 | 221 | 310 |
| Cash Conversion Cycle | 115 | 179 | 90 | 70 | 175 | 175 | 48 | 1 | 79 | 85 |
| Working Capital Days | -17 | -33 | -99 | -118 | -160 | -320 | -448 | -435 | -397 | -572 |
| ROCE % | 2 | 1 | -2 | 0 | 6 | -4 | -14 | -15 | 20 | 3 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.98% | 69.98% | 70.73% | 70.73% | 70.73% | 70.73% | 70.73% | 70.72% | 70.72% | 70.72% | 70.72% |
| FIIs | 7.27% | 7.27% | 7.09% | 7.09% | 6.9% | 0% | 0.33% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.08% | 0% |
| Public | 22.75% | 22.75% | 22.18% | 22.18% | 22.38% | 29.27% | 28.94% | 29.26% | 29.27% | 29.18% | 29.26% |
| No. of Shareholders | 4208 | 4114 | 3712 | 4142 | 4339 | 6501 | 13302 | 13783 | 11828 | 11724 | 11622 |

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 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% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.08% | 0% |
| 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 | 14268 | 14115 | 13783 | 13355 | 12720 | 12058 | 11828 | 11567 | 11534 | 11763 | 11724 | 11622 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 13.15 | Sell |
| EMA (10) | 13.03 | Sell |
| SMA (20) | 13.23 | Sell |
| EMA (20) | 13.27 | Sell |
| SMA (50) | 14.38 | Sell |
| EMA (50) | 14.2 | Sell |
| SMA (100) | 15.78 | Sell |
| EMA (100) | 14.96 | Sell |
| SMA (200) | 15.49 | Sell |
| EMA (200) | 16.13 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.74 | Neutral |
| MACD (12,26,9) | -0.39 | Buy |
| Stochastic (14,3,3) | 38.11 | Neutral |
| ADX (14) | 24.96 | Neutral |
| Williams %R (14) | -51.29 | Neutral |
| ATR (14) | 0.87 | High Volatility |
| ROC (12) | -0.54 | Sell |
| Stoch RSI (14) | 47.71 | Neutral |
| UO (7,14,28) | 49.47 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 20 Sep 2025 - Equity shares delisted effective September 22, 2025 after NCLT-approved resolution plan; INSCO acquiring HNGIL. | [General Updates 20 Sep 2025 - Equity shares delisted effective September 22, 2025 after NCLT-approved resolution plan; INSCO acquiring HNGIL.](https://nsearchives.nseindia.com/corporate/HNGIL_20092025104632_HNGILSEINTIMATION20092025_s.pdf) |
| 19 Sep 2025 - Members of the Exchange are hereby informed about the Delisting of Equity shares of Hindusthan National Glass & Industries Limited w.e.f. September 22, 2025, pursuant … | [Delisting 19 Sep 2025 - Members of the Exchange are hereby informed about the Delisting of Equity shares of Hindusthan National Glass & Industries Limited w.e.f. September 22, 2025, pursuant …](https://www.nseindia.com/get-quotes/equity?symbol=HINDNATGLS) |
| 18 Sep 2025 - Monitoring Committee approved preferential issue of 87.4 crore shares (INR 874 crore) on September 18, 2025. | [Issue of Securities 18 Sep 2025 - Monitoring Committee approved preferential issue of 87.4 crore shares (INR 874 crore) on September 18, 2025.](https://nsearchives.nseindia.com/corporate/HNGIL_18092025183848_HNGILSEINTIMATION18092025_OK_1.pdf) |
| 17 Sep 2025 - Withdraws September 18, 2025 record date for ISIN INE952A01022; trading already suspended. | [Updates 17 Sep 2025 - Withdraws September 18, 2025 record date for ISIN INE952A01022; trading already suspended.](https://nsearchives.nseindia.com/corporate/HNGIL_17092025184730_HNGILSEINTIMATION170920251.pdf) |
| 17 Sep 2025 - Sept 18, 2025 Monitoring Committee to approve equity private placement under NCLT-approved INSCO resolution plan. | [Issue of Securities 17 Sep 2025 - Sept 18, 2025 Monitoring Committee to approve equity private placement under NCLT-approved INSCO resolution plan.](https://nsearchives.nseindia.com/corporate/HNGIL_17092025185930_HNGILSEINTIMATION17092025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_26057_HINDNATGLS_2023_2024_06092024195656.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22838_HINDNATGLS_2022_2023_21082023160451_08212023170034.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21366_HINDNATGLS_2021_2022_05092022171347_09052022180007.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18894_HINDNATGLS_2020_2021_25082021162545_25082021170003.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16305_HINDNATGLS_2019_2020_22062020192134_22062020200002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_16230_HINDNATGLS_2018_2019_18032020171429_18032020180001.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13925_HINDNATGLS_2017_2018_01102018181435.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11528_HINDNATGLS_2016_2017_23092017113317.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b29b46c0-e857-4201-a096-5b6b8075d827.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bca8b23b-011e-47bb-9e45-01207b75e810.pdf) |

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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 2026-09-13T18:57:43.766Z.