Last close · 16 Oct 2026
Rs 39.22 +0.36%
Financials
Ghani Glass Limited (GHGL) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Ghani Glass Limited (GHGL) reported revenue of Rs 48.4 bn for FY2026 (Jul 2025 – Jun 2026), up 5.6% from FY2025.
Profit attributable to shareholders was Rs 7.2 bn (EPS Rs 7.23), up 22.4%, a net margin of 14.9%.
It declared a dividend of Rs 3.50 per share for FY2026 and has paid a dividend in each of the last 8 years.
The balance sheet showed net cash of Rs 5.9 bn.
Return on equity was 17.8%.
Over the last five years revenue grew at a compound 17.6% a year.
At Rs 39.22 (close on 16 Oct 2026) the shares trade at 5.4× earnings (FY2026) and 0.93× book value, with a dividend yield of 8.9%.
Fundamentals
GHGL at a glance
Revenue · FY2026
Rs 48.4 bn
▲ 5.6% year on year
Profit attributable to shareholders · FY2026
Rs 7.2 bn
▲ 22.4% year on year
EPS – basic (Rs) · FY2026
Rs 7.23
▲ 22.4% year on year
Dividend per share (Rs) · FY2026
Rs 3.50
▲ 133.3% year on year
Net margin · FY2026
14.9%
+2.1 pts year on year
Debt to equity · FY2026
0.1%
-0.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 48.4 bn
- Profit attributable · FY2026
- Rs 7.2 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 57.8 bn
- Equity · FY2026
- Rs 42.1 bn
Financial highlights
GHGL financial results
| Rs bn | 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 | FY2021 Jul 2020 – Jun 2021 | FY2020 * Jul 2019 – Jun 2020 | FY2019 * Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48.4 | 45.8 | 47.8 | 40.7 | 30.8 | 21.5 | 17.1 | 17.2 | 14.4 | 13.2 |
| Gross profit | 14.1 | 12.5 | 13.1 | 11.3 | 9.0 | 4.9 | 2.6 | 4.4 | 4.5 | 4.3 |
| Operating profit | 8.8 | 7.0 | 7.4 | 7.9 | 6.4 | 3.2 | 1.4 | 3.0 | 2.8 | 2.8 |
| Profit after tax | 6.7 | 5.3 | 5.8 | 7.5 | 6.0 | 3.1 | 1.3 | 3.0 | 2.8 | 2.2 |
| Profit attributable to shareholders | 7.2 | 5.9 | 6.8 | 8.1 | 6.0 | 3.2 | 1.5 | 3.1 | 2.9 | 2.3 |
| EPS – basic (Rs) Rs | 7.23 | 5.90 | 6.75 | 8.10 | 6.05 | 3.49 | 1.62 | 3.46 | 3.22 | 2.86 |
| Dividend per share (Rs) Rs | 3.50 | 1.50 | 1.00 | 1.84 | 2.10 | 7.98 | 1.16 | 2.61 | 0.00 | 3.88 |
| Total assets | 57.8 | 52.4 | 49.6 | 43.1 | 30.9 | 26.6 | 25.2 | 22.8 | 17.9 | 15.6 |
| Total equity | 42.1 | 38.9 | 34.0 | 28.3 | 20.6 | 17.1 | 16.1 | 15.6 | 12.9 | 10.9 |
| Total debt | 0.1 | 0.1 | 0.1 | 0.1 | 0.5 | 0.9 | 1.1 | 0.7 | — | — |
| Net cash from operating activities | 7.3 | 5.6 | 3.1 | 3.2 | 4.1 | 9.7 | 2.0 | 2.0 | 3.9 | 3.6 |
| Capital expenditure | (2.6) | (2.8) | (3.1) | (2.6) | (2.5) | (3.8) | (1.6) | (3.2) | (3.1) | (0.7) |
| Free cash flow (operating cash flow − capex) | 4.7 | 2.9 | 0.0 | 0.6 | 1.6 | 5.8 | 0.5 | (1.2) | 0.8 | 2.8 |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 * Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48.4 | 13.3 | 12.7 | 12.3 | 10.0 | 12.3 | 11.5 | 12.9 | 9.0 |
| Gross profit | 14.1 | 4.4 | 3.8 | 3.7 | 2.1 | 3.1 | 3.3 | 3.8 | 2.2 |
| Operating profit | 8.7 | 3.1 | 2.4 | 2.3 | 0.9 | 1.8 | 1.9 | 2.2 | 1.0 |
| Profit after tax | 6.7 | 2.5 | 2.3 | 1.4 | 0.6 | 1.4 | 1.5 | 1.7 | 0.7 |
| Profit attributable to shareholders | 7.2 | 2.5 | 2.3 | 1.7 | 0.7 | 1.5 | 1.6 | 1.8 | 0.9 |
| EPS – basic (Rs) Rs | 7.23 | 2.54 | 2.29 | 1.69 | 0.71 | 1.51 | 1.65 | 1.81 | 0.93 |
| Dividend per share (Rs) Rs | 3.50 | 1.00 | 1.00 | 1.00 | 0.50 | 1.50 | 0.00 | 0.00 | 0.00 |
| Total assets | 57.8 | 57.8 | 54.9 | 52.3 | 52.5 | 52.4 | 50.9 | 51.3 | 50.6 |
| Total equity | 42.1 | 42.1 | 40.5 | 39.2 | 39.6 | 38.9 | 37.3 | 35.7 | 34.9 |
| Total debt | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Net cash from operating activities | 7.3 | 1.6 | 2.4 | 2.6 | 0.7 | 2.9 | 0.9 | 1.8 | (0.0) |
| Capital expenditure | (2.6) | (1.1) | (0.4) | (0.4) | (0.7) | (0.5) | (1.3) | (0.6) | (0.4) |
| Free cash flow (operating cash flow − capex) | 4.7 | 0.5 | 2.0 | 2.2 | 0.0 | 2.5 | (0.4) | 1.2 | (0.4) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.