Skip to content
Smart Money
Create free account Log in

Glass & Ceramics

BGL Baluchistan Glass Limited

Latest results: FY2026 · Jun 2026

Watch BGL · free results alerts

Last close · 16 Oct 2026

Rs 9.16 -0.11%

Annual · FY2007 – FY2026

Baluchistan Glass Limited (BGL) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Baluchistan Glass Limited had total assets of Rs 3.6 bn, down 7.7% on FY2025. Current assets of Rs 475.9 mn covered current liabilities of Rs 2.6 bn 0.18 times. Total debt was Rs 3.2 bn, net debt Rs 3.2 bn. Shareholders' equity was -Rs 703.6 mn (Rs -1.10 per share), -19.5% of total assets.

BGL balance sheet (annual) (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 4.4 28.1 215.3 5.7 5.8
Trade receivables 0.6 2.2 77.0 1.8 11.8
Inventories 214.1 278.4 337.2 157.1 371.4
Total current assets 475.9 568.1 868.7 178.6 433.5
Property, plant & equipment 3,129.7 3,337.0 3,557.7 2,357.2 2,488.1
Long-term investments — — — — 0.0
Other non-current assets — — — — —
Total non-current assets 3,129.7 3,337.0 3,557.7 2,357.2 2,627.5
Total assets 3,605.5 3,905.1 4,426.3 2,535.7 3,061.1
Liabilities
Trade payables 891.6 916.9 1,346.1 533.8 832.4
Short-term borrowings & current portion of debt 1,514.7 1,210.1 1,081.8 849.2 859.9
Total current liabilities 2,576.5 2,209.4 2,474.6 1,614.9 1,802.4
Long-term debt 1,659.0 1,801.5 5,104.0 3,837.3 4,030.5
Other non-current liabilities 73.6 80.6 89.8 54.5 64.1
Total non-current liabilities 1,732.7 1,882.1 5,193.7 3,891.8 4,094.6
Total liabilities 4,309.1 4,091.5 7,668.4 5,506.7 5,897.0
Equity
Share capital 6,385.1 6,385.1 2,616.0 2,616.0 2,616.0
Reserves & retained earnings (6,573.9) (6,056.7) (5,343.2) (5,072.2) (4,937.1)
Equity attributable to shareholders (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Total liabilities & equity 3,605.5 3,905.1 4,426.3 2,535.7 3,061.1
Key figures
Total debt 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Net debt / (net cash) 3,169.3 2,983.5 5,970.5 4,680.8 4,884.6
Shares outstanding mn 638.5 638.5 261.6 261.6 261.6
Common equity (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Book value per share (Rs) Rs (1.10) (0.29) (12.39) (11.36) (10.84)
BGL balance sheet — year-on-year change (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments -84.2% -87.0% +3,668.3% -1.7% -87.7%
Trade receivables -72.8% -97.1% +4,191.7% -84.9% -76.4%
Inventories -23.1% -17.4% +114.7% -57.7% +58.2%
Total current assets -16.2% -34.6% +386.5% -58.8% +11.1%
Property, plant & equipment -6.2% -6.2% +50.9% -5.3% -3.9%
Long-term investments — — — — -100.0%
Other non-current assets — — — — —
Total non-current assets -6.2% -6.2% +50.9% -10.3% -3.7%
Total assets -7.7% -11.8% +74.6% -17.2% -1.8%
Liabilities
Trade payables -2.8% -31.9% +152.2% -35.9% +29.1%
Short-term borrowings & current portion of debt +25.2% +11.9% +27.4% -1.2% +17.3%
Total current liabilities +16.6% -10.7% +53.2% -10.4% +19.9%
Long-term debt -7.9% -64.7% +33.0% -4.8% -1.8%
Other non-current liabilities -8.7% -10.2% +64.6% -15.0% -14.2%
Total non-current liabilities -7.9% -63.8% +33.5% -5.0% -2.1%
Total liabilities +5.3% -46.6% +39.3% -6.6% +3.7%
Equity
Share capital 0.0% +144.1% 0.0% 0.0% 0.0%
Reserves & retained earnings — — — — —
Equity attributable to shareholders — — — — —
Non-controlling interest — — — — —
Total equity — — — — —
Total liabilities & equity -7.7% -11.8% +74.6% -17.2% -1.8%
Key figures
Total debt +5.4% -51.3% +32.0% -4.2% +1.0%
Net debt / (net cash) +6.2% -50.0% +27.6% -4.2% +1.9%
Shares outstanding — — — — —
Common equity — — — — —
Book value per share (Rs) — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

BGL balance sheet — common size (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 0.1% 0.7% 4.9% 0.2% 0.2%
Trade receivables 0.0% 0.1% 1.7% 0.1% 0.4%
Inventories 5.9% 7.1% 7.6% 6.2% 12.1%
Total current assets 13.2% 14.5% 19.6% 7.0% 14.2%
Property, plant & equipment 86.8% 85.5% 80.4% 93.0% 81.3%
Long-term investments — — — — 0.0%
Other non-current assets — — — — —
Total non-current assets 86.8% 85.5% 80.4% 93.0% 85.8%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 24.7% 23.5% 30.4% 21.1% 27.2%
Short-term borrowings & current portion of debt 42.0% 31.0% 24.4% 33.5% 28.1%
Total current liabilities 71.5% 56.6% 55.9% 63.7% 58.9%
Long-term debt 46.0% 46.1% 115.3% 151.3% 131.7%
Other non-current liabilities 2.0% 2.1% 2.0% 2.2% 2.1%
Total non-current liabilities 48.1% 48.2% 117.3% 153.5% 133.8%
Total liabilities 119.5% 104.8% 173.2% 217.2% 192.6%
Equity
Share capital 177.1% 163.5% 59.1% 103.2% 85.5%
Reserves & retained earnings (182.3%) (155.1%) (120.7%) (200.0%) (161.3%)
Equity attributable to shareholders (19.5%) (4.8%) (73.2%) (117.2%) (92.6%)
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity (19.5%) (4.8%) (73.2%) (117.2%) (92.6%)
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 88.0% 77.1% 139.8% 184.8% 159.8%
Net debt / (net cash) 87.9% 76.4% 134.9% 184.6% 159.6%
Common equity (19.5%) (4.8%) (73.2%) (117.2%) (92.6%)

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 140
BGL balance sheet — all reported line items (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Cash & Cash Equivalents 4.4 28.1 215.3 5.7 5.8
Cash & Short Term Investments 4.4 28.1 215.3 5.7 5.8
Short-Term Investments - Total — — — — —
Loans & Receivables - Net - Short-Term 1.9 7.3 82.2 13.0 45.9
Loans & Receivables - Total 1.9 7.3 82.2 13.0 45.9
Trade Accounts & Trade Notes Receivable - Net 0.6 2.2 77.0 1.8 11.8
Trade Accounts & Trade Notes Receivable - Gross — — — — —
Provision - Trade Accounts & Trade Notes Receivable — — — — —
Loans - Short-Term 1.3 5.1 5.2 11.2 34.0
Income Tax - Receivables - Short-Term — — — — —
Receivables - Other - Total — — — — —
Accounts & Notes Receivable - Trade - Gross - Total — — — — —
Inventories - Total 214.1 278.4 337.2 157.1 371.4
Inventories - Raw Materials 59.9 62.3 80.8 75.2 89.3
Inventories - Work in Progress — — — — —
Inventories - Finished Goods 154.2 216.2 256.5 81.9 282.1
Inventories - Other - Total — — — — —
Prepaid Expenses - Short-Term 255.3 254.2 234.0 2.7 10.5
Investments - Total — — — — 0.0
Property, Plant & Equipment - Net - Total 3,129.7 3,337.0 3,557.7 2,357.2 2,488.1
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Assets - Total — — — — —
Total Current Assets 475.9 568.1 868.7 178.6 433.5
Investments - Long-Term — — — — 0.0
Investments - Available for Sale/Held to Maturity - Long-Term — — — — 0.0
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Transportation Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Total Assets 3,605.5 3,905.1 4,426.3 2,535.7 3,061.1
Property, Plant & Equipment - Other - Gross — — — — —
Debt - Total 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Short-Term Debt & Current Portion of Long-Term Debt 1,514.7 1,210.1 1,081.8 849.2 859.9
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Current Portion of Long-Term Debt including Capitalized Leases — — — 0.0 7.7
Capitalized Leases - Current Portion — — — — —
Short-Term Debt & Notes Payable 1,514.7 1,210.1 1,081.8 849.2 852.2
Debt - Long-Term - Total 1,659.0 1,801.5 5,104.0 3,837.3 4,030.5
Current Portion of Long-Term Debt excluding Capitalized Leases — — — 0.0 7.7
Assets Held for Sale/Discontinued Operations - Long-Term — — 0.0 0.0 139.4
Capitalized Lease Obligations - Long-Term — — — — —
Long-Term Debt excluding Capitalized Leases 1,659.0 1,801.5 5,104.0 3,837.3 4,030.5
Other Non-Current Assets - Total — — — — —
Debt - Non-Convertible - Long-Term 1,659.0 1,801.5 5,104.0 3,837.3 4,030.5
Dividends Payable 0.2 0.2 0.2 0.2 0.2
Payables & Accrued Expenses 891.6 916.9 1,346.1 533.8 832.4
Trade Account Payables - Total 891.6 916.9 1,346.1 533.8 832.4
Other Non-Current Assets — — — — —
Accrued Expenses — — — — —
Total Liabilities 4,309.1 4,091.5 7,668.4 5,506.7 5,897.0
Shareholders' Equity - Attributable to Parent Shareholders - Total (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Total Non-Current Assets 3,129.7 3,337.0 3,557.7 2,357.2 2,627.5
Common Equity Attributable to Parent Shareholders (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Common Equity - Contributed 5,870.3 5,870.3 2,101.2 2,101.2 2,101.2
Common Stock - Issued & Paid 6,385.1 6,385.1 2,616.0 2,616.0 2,616.0
Equity - Non-Contributed - Reserves & Retained Earnings (6,573.9) (6,056.7) (5,343.2) (5,072.2) (4,937.1)
Retained Earnings - Total (7,809.9) (7,309.8) (6,615.3) (6,117.6) (5,994.7)
Trade Accounts Payable & Accruals - Short-Term 891.6 916.9 1,346.1 533.8 832.4
Comprehensive Income - Accumulated - Total 1,236.0 1,253.1 1,272.0 1,045.4 1,057.6
Trade Accounts & Trade Notes Payable - Short-Term 891.6 916.9 1,346.1 533.8 832.4
Accrued Expenses - Short-Term — — — — —
Income Taxes - Payable - Short-Term — — — — —
Dividends/Distributions Payable 0.2 0.2 0.2 0.2 0.2
Other Current Liabilities - Total 170.0 82.1 46.5 231.8 109.9
Common Equity - Total (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Deferred Income - Short-Term — — — — —
Common Stock - Additional Paid in Capital including Option Reserve (514.8) (514.8) (514.8) (514.8) (514.8)
Total Shareholders' Equity - including Minority Interest & Hybrid Debt (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Total Liabilities & Equity 3,605.5 3,905.1 4,426.3 2,535.7 3,061.1
Provisions - Short-Term — — 0.0 0.8 —
Other Current Liabilities 170.0 82.1 46.5 230.9 109.9
Revaluation Reserves 1,236.0 1,253.1 1,272.0 1,045.4 1,057.6
Total Current Liabilities 2,576.5 2,209.4 2,474.6 1,614.9 1,802.4
Other Non-Current Liabilities - Total 73.6 80.6 89.8 54.5 64.1
Provisions - Long-Term — — — — —
Post Employment Benefits - Pension & Other - Long-Term — — — — —
Other Non-Current Liabilities 73.6 80.6 89.8 54.5 64.1
Total Non-Current Liabilities 1,732.7 1,882.1 5,193.7 3,891.8 4,094.6
Common Shares - Issued - Total mn 638.5 638.5 261.6 261.6 261.6
Common Shares - Outstanding - Total mn 638.5 638.5 261.6 261.6 261.6
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 700.0 700.0 261.6 261.6 261.6
Common Shares - Issued - Issue Specific mn 638.5 638.5 261.6 261.6 261.6
Common Shares - Outstanding - Issue Specific mn 638.5 638.5 261.6 261.6 261.6
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental — — — — —
Debt including Finance and Operating Lease Liabilities - Supplemental 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Net Debt 3,169.3 2,983.5 5,970.5 4,680.8 4,884.6
Islamic Debt - Long-Term & Short-Term — — — — —
Capital Lease Maturities - Total — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Interest Costs — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Asset Accruals 3,601.1 3,877.0 4,211.0 2,530.0 3,055.3
Cash & Cash Equivalents - Total 4.4 28.1 215.3 5.7 5.8
Cash & Short Term Investments - Total 4.4 28.1 215.3 5.7 5.8
Debt - including Preferred Equity & Minority Interest - Total 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Investments - Permanent — — — — 0.0
Net Book Capital 2,465.7 2,797.2 2,728.5 1,709.8 2,048.7
Net Operating Assets 2,465.7 2,797.2 2,728.5 1,709.8 2,048.7
Provisions - Total — — 0.0 0.8 —
Shareholders Equity - Common (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Tangible Total Equity (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Tangible Book Value (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Total Book Capital 2,470.1 2,825.3 2,943.8 1,715.5 2,054.5
Total Capital 2,470.1 2,825.3 2,943.8 1,715.5 2,054.5
Total Long Term Capital 1,029.1 1,695.7 1,951.7 920.8 1,258.7
Unearned Revenue - Total — — — — —
Book Value excluding Other Equity (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term — — 0.0 0.0 139.4
Income Taxes - Payable - Long-Term & Short-Term — — — — —
Accruals - Short-Term (2,105.1) (1,669.4) (1,821.3) (1,442.1) (1,374.7)
Cash & Short Term Investments - Net of Debt (3,169.3) (2,983.5) (5,970.5) (4,680.8) (4,884.6)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments — — — 0.0 7.7
Total Fixed Assets - Net 3,129.7 3,337.0 3,557.7 2,357.2 2,627.5
Working Capital (2,100.6) (1,641.3) (1,606.0) (1,436.4) (1,368.9)
Interest Bearing Liabilities - Total 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Working Capital - Non-Cash (2,105.1) (1,669.4) (1,821.3) (1,442.1) (1,374.7)
Working Capital excluding Other Current Assets & Liabilities (1,930.6) (1,559.2) (1,559.5) (1,204.6) (1,259.0)
Net Debt Including Preferred Equity & Minority Interest 3,169.3 2,983.5 5,970.5 4,680.8 4,884.6
Other Short-Term & Long-Term Assets - Total — — — — —
Other Short-Term & Long-Term Liabilities - Total 243.6 162.7 136.3 286.3 174.0
Total Current Assets excluding Total Inventories 261.7 289.6 531.4 21.5 62.1
Tangible Book Value excluding Other Equity (703.6) (186.4) (3,242.0) (2,971.0) (2,835.9)
Total Debt Excluding Islamic 3,173.7 3,011.6 6,185.8 4,686.5 4,890.4
Trade Accounts & Trade Notes Receivable - Net - Total 0.6 2.2 77.0 1.8 11.8
Provision for Doubtful Accounts & Notes Receivable - Total — — — — —
Current Liabilities excluding Current Debt - Total 1,061.8 999.2 1,392.8 765.7 942.5
Cash in Hand & with Banks - Total 4.4 28.1 215.3 5.7 5.8
Current Assets excluding Cash & Short Term Investments - Total 471.4 540.0 653.4 172.8 427.7
Cash, Short Term Investments & Accounts Receivable - Total 5.0 30.3 292.3 7.5 17.7

Every line the company reported, in the original order and wording, without regrouping or signs changed.