Glen Industries Limited Financial Performance

Financial Results (₹ Crore):

| Particulars | FY24 | FY25 | FY26 |

| Total Income | 145.22 | 171.18 | 205.16 |

| EBITDA | 24.87 | 40.86 | 39.07 |

| PAT | 8.58 | 18.22 | 16.50 |

| Net Worth | 44.90 | 58.46 | 139.61 |

Business Operations and Capacity

  • Manufacturing facility: 90,000 sq. ft. at Dhulagarh, Howrah
  • Geographic reach: 26 states & 80+ cities across India, 30 countries through exports
  • Production capacity: 665 MT/month thin-wall containers, 160 MT/month PLA straws, 95 MT/month paper straws
  • Core products: Thin-wall food containers, PLA straws, paper straws, U-shape straws

Expansion Plans

  • Planned investment: ₹100.49 crore in new manufacturing facilities and production lines
  • New product categories: Paper food containers, glasses, cups, thermoformed plastic food containers, IML food containers
  • Focus areas: Technological capabilities enhancement, automation improvement, efficiency and cost competitiveness

Business Journey Timeline

  • 2019: Manufacturing base established at Dhulagarh, Howrah for thin-wall food containers, paper straws and PLA straws
  • 2021: Thin-wall food container capacity expanded gradually year on year
  • 2022: Commenced production of U-shape straws in both paper and PLA variants
  • 2024: Expanded U-shape straw capacity
  • 2025: Listed on BSE in July 2025
  • 2026: Continued focus on strengthening manufacturing capabilities and expanding product portfolio

Market Context

Glen Industries operates in the growing food packaging market driven by:

  • Shift toward organized foodservice, quick-service restaurants, and food delivery
  • Increasing demand for convenience, hygiene, functionality, and sustainable material choices
  • Movement away from conventional single-use plastics toward alternatives like paper and PLA
  • Growing QSR chains and organized food service segments in India

TeamTech Formwork Solutions Limited Information

The newspaper publication also included information about TeamTech Formwork Solutions Limited:

  • Listed on NSE Emerge SME platform on 26 May 2026 at ₹375 per share
  • Face value: ₹5.00
  • P/E ratio: ~16.3x (post-IPO, on FY26 EPS)
  • ROE: 34.89%, P/B Ratio: 4.89x
  • Business: Modular T-formwork systems using non-corrosive steel and durable ply
  • Manufacturing: 35,000 sq. ft. facility at IDA Bollaram, Sangareddy
  • Expansion: Planned 50,000 sq. ft. facility at TSIIC IP
  • Financial Performance (₹ Crore):

| Metric | FY24 | FY25 | FY26 |

| Revenue | 30.31 | 32.98 | 54.23 |

| EBITDA | 9.11 | 9.51 | 17.50 |

| PAT | 7.69 | 7.84 | 11.59 |

| EBITDA Margin | 30.06% | 28.84% | 32.27% |

| PAT Margin | 25.39% | 23.96% | 21.60% |

  • Export contribution in FY26: 25.15% of revenue (₹13.64 crore) from UAE, Bahrain, and Bhutan