Founded by Late Shri C.K. Somany in 1946, Hindusthan National Glass established India’s first fully automated glass manufacturing plant at Rishra (near Kolkata); currently having a pan India presence.
Today, HNG is the key player in India’s container glass industry, offering a complete packaging solution to improve overall productivity and line performance at customers' end, with its plants located at Rishra, Bahadurgarh, Rishikesh, Neemrana, Sinnar, Naidupeta and Puducherry. HNG has not only dominated a large share of the Indian market, but it has had a far client base reach, extending to more than 23 countries.
FOOD AND BEVERAGES
Choosing glass for food and beverages will help you stay away from potential risks that come with consuming food products from containers that leach chemicals. As India’s leading glass container market, we at HNG supply glass bottles that made from 100% natural sustainable raw materials, which is completely recyclable.
Using glass container is not just eco-friendly but it also helps in reducing additional waste, which is an ideal benefit of all product packaging since recycling is becoming an even bigger topic and action for many consumers.
PHARMACEUTICALS
India is rich in large raw material base and availability of skilled workforce, making it third-largest pharmaceuticals in terms of volume and thirteenth most significant in terms of value. Indian pharmaceutical sector is estimated to account for 3.5% of the global pharmaceutical industry in value terms and 10% in volume terms. India's cost of production is significantly lower than that of the US and almost half of that of Europe.
India is among the fastest growing pharmaceutical markets in the world. Some of the key clients of HNG include Pfizer, Dabur, Cipla, Ranbaxy, GlaxoSmithKline, Bayer, Himalaya, Baidyanath, AstraZeneca, Dr. Reddy's, Cadila, Aurobindo Pharma, etc.
HNG has 4 furnaces and 16 lines with total installed capacity of 1360 TPD dedicated to the production of amber bottles. Pharma Packaging market is growing at 6-7% driven by growth in pharma industry and its need for bulk drugs, formulations and trial drug packaging. Considering potential risks that arise from storing medicines in plastic bottles, glass packaging in liquid formulations is most preferred. With increasing medical awareness, there is a visible change in consumers’ demand for safe packaging of their products, especially their medicines. Glass being the most secured container for all types of contents, it definitely is the most trusted packaging for medical purposes as well.
LIQUOR
Currently in India, higher disposable income, rising preference of consumer for low alcohol beverage and increasing youth population has led to an increase in socializing in pubs, going out for drinks and hanging out in bars, making it a social phenomenon, in Metro and Tier two cities.
This has led to an increase in beer consumption. As demand for beer and liquor consumption increases, the supply increases with it. This raise in demand has given a solid boost to beer and liquor industry. Besides, the rising number of pubs and bars are another factor which has helped in increasing beer consumption.
Some state governments, for instance Maharashtra, Uttar Pradesh and Kerala, offered separate licenses for beer sale, further boosting growth prospects for the industry.
The beer industry has seen various mergers and acquisitions in India, which has consolidated the market place and lead to increased market competition during the last five years, which has led to deep market penetration.
HOUSEHOLD
If you store your food in a plastic container, there are high chances the chemicals from the plastic container will migrate into your food, damaging it and causing health hazards to ones consuming the food from it. This especially happens when you serve hot food into a plastic. But there is no leakage of any unwanted or poisonous chemicals in a glass food container, making it safe and secured for using it over and over again. Glass is made of natural raw materials and is non-porous. Other benefits of glass packaging include its top performance at different temperatures. So, in case you want to store food and heat it in the same container, then you can do it in a glass container, without having to stress about it. Storing food in clear glass also helps you identify what is stored inside it, without having to open its lid. Unless dropped, they will last a lifetime and still hold up well.
Opt for glass food containers if you wish to keep your food fresh, clean and tasty for longer duration. This gesture of yours will be your first step towards eco-friendly solutions.
COSMETICS
Glass is one of the oldest packaging materials. The biggest advantage of glass packaging is that it is nonporous and is chemically inert. Because of these features, glass doesn’t not allow its contents to get mixed with moisture and oxygen, keeping the product inside it as safe and secured. Thus, cosmetic industry highly depends on glass for its packaging.
Quality and premium look determines market appeal of cosmetic products. Since aesthetically pleasing product gets noticed by consumers faster. Glass container used for cosmetics packaging assures the consumers that product hasn’t been tempered because the only way to damage a glass is by physically breaking it and a dent in a glass container is easily noticeable.
QUALITY
India’s leading Glass Container Industry, we at HNG, have been offering complete, eco-friendly packaging solutions to its massive client base in India and other countries, for years now.
HNG supplies glass that are made from 100% natural sustainable raw materials, which is completely recyclable and most preferred packaging option, because glass is nonporous and impermeable, thus causing no interactions between the packaging and the product.
HNG, a global player and a responsible supplier, makes it a point to support its processes and systems with market’s requirements. Most significant thing for HNG’s Quality Systems is “customer satisfaction”; striving to offer services that exceeds the expectations of the customers. That has been the key to HNG’s sustained market leadership. In this process, HNG has made sure to keep innovating and initiating different Quality and Technology initiatives in Design, Process and Services, giving their best.
RECOMMENDATION
Company is a leading supplier of glass bottles to its marquee clients. A sample list of clients is given below
STOCK PERFORMANCE
The image below indicates the poor performance during the last one year.
Long term investors should look at price levels of 25 buy and hold for long term.
Q3 results of 2022
The price of the scrip fell on 19 Jan 22 post announcement of results.
