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Glass & Ceramics

GVGL Ghani Value Glass Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 51.00 -0.43%

Annual · FY2011 – FY2026

Ghani Value Glass Limited (GVGL) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Ghani Value Glass Limited had total assets of Rs 7.0 bn, up 6.4% on FY2025. Current assets of Rs 3.9 bn covered current liabilities of Rs 1.5 bn 2.58 times. Shareholders' equity was Rs 5.3 bn (Rs 35.02 per share), 75.1% of total assets.

GVGL 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 265.0 60.5 221.7 12.9 71.7
Trade receivables 1,035.3 817.7 413.3 262.4 136.6
Inventories 2,047.4 1,863.3 1,478.6 1,173.9 643.4
Total current assets 3,872.7 3,265.1 2,696.0 1,982.9 1,289.6
Property, plant & equipment 3,027.6 3,093.9 2,996.5 2,277.8 1,676.7
Intangible assets 12.4 11.5 — — —
Other non-current assets 78.6 12.3 11.8 13.3 154.1
Total non-current assets 3,118.5 3,305.4 3,008.3 2,291.1 1,830.8
Total assets 6,991.3 6,570.4 5,704.3 4,274.0 3,120.4
Liabilities
Trade payables 1,163.4 1,764.9 1,482.7 1,573.3 938.6
Short-term borrowings & current portion of debt — — — — —
Total current liabilities 1,503.0 1,976.0 1,731.8 1,749.2 1,034.2
Other non-current liabilities — — — — —
Total non-current liabilities 237.2 178.9 191.9 78.0 —
Total liabilities 1,740.2 2,155.0 1,923.7 1,827.1 1,034.2
Equity
Share capital 1,499.4 1,499.4 1,499.4 1,499.4 644.4
Reserves & retained earnings 3,579.8 2,744.2 2,109.4 775.6 1,269.9
Equity attributable to shareholders 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Total liabilities & equity 6,991.3 6,570.4 5,704.3 4,274.0 3,120.4
Key figures
Total debt — — — — —
Net debt / (net cash) (265.0) (60.5) (221.7) (12.9) (71.7)
Shares outstanding mn 149.9 149.9 149.9 149.9 149.9
Common equity 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Book value per share (Rs) Rs 35.02 29.45 25.21 16.32 13.91
GVGL 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 +337.8% -72.7% +1,617.6% -82.0% -87.0%
Trade receivables +26.6% +97.9% +57.5% +92.1% +147.5%
Inventories +9.9% +26.0% +26.0% +82.5% +113.2%
Total current assets +18.6% +21.1% +36.0% +53.8% +0.9%
Property, plant & equipment -2.1% +3.3% +31.6% +35.9% +47.2%
Intangible assets +7.5% — — — —
Other non-current assets +539.0% +3.8% -10.6% -91.4% +11.8%
Total non-current assets -5.7% +9.9% +31.3% +25.1% +43.3%
Total assets +6.4% +15.2% +33.5% +37.0% +22.1%
Liabilities
Trade payables -34.1% +19.0% -5.8% +67.6% +94.5%
Short-term borrowings & current portion of debt — — — — —
Total current liabilities -23.9% +14.1% -1.0% +69.1% +78.1%
Other non-current liabilities — — — — —
Total non-current liabilities +32.6% -6.8% +146.1% — —
Total liabilities -19.2% +12.0% +5.3% +76.7% +78.1%
Equity
Share capital 0.0% 0.0% 0.0% +132.7% 0.0%
Reserves & retained earnings +30.5% +30.1% +172.0% -38.9% +9.6%
Equity attributable to shareholders +18.9% +16.8% +54.5% +17.3% +5.6%
Non-controlling interest — — — — —
Total equity +18.9% +16.8% +54.5% +17.3% +5.6%
Total liabilities & equity +6.4% +15.2% +33.5% +37.0% +22.1%
Key figures
Total debt — — — — —
Net debt / (net cash) — — — — —
Shares outstanding — — — — —
Common equity +18.9% +16.8% +54.5% +17.3% +5.6%
Book value per share (Rs) +18.9% +16.8% +54.5% +17.3% -4.9%

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

GVGL 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 3.8% 0.9% 3.9% 0.3% 2.3%
Trade receivables 14.8% 12.4% 7.2% 6.1% 4.4%
Inventories 29.3% 28.4% 25.9% 27.5% 20.6%
Total current assets 55.4% 49.7% 47.3% 46.4% 41.3%
Property, plant & equipment 43.3% 47.1% 52.5% 53.3% 53.7%
Intangible assets 0.2% 0.2% — — —
Other non-current assets 1.1% 0.2% 0.2% 0.3% 4.9%
Total non-current assets 44.6% 50.3% 52.7% 53.6% 58.7%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 16.6% 26.9% 26.0% 36.8% 30.1%
Short-term borrowings & current portion of debt — — — — —
Total current liabilities 21.5% 30.1% 30.4% 40.9% 33.1%
Other non-current liabilities — — — — —
Total non-current liabilities 3.4% 2.7% 3.4% 1.8% —
Total liabilities 24.9% 32.8% 33.7% 42.8% 33.1%
Equity
Share capital 21.4% 22.8% 26.3% 35.1% 20.7%
Reserves & retained earnings 51.2% 41.8% 37.0% 18.1% 40.7%
Equity attributable to shareholders 75.1% 67.2% 66.3% 57.2% 66.9%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 75.1% 67.2% 66.3% 57.2% 66.9%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt — — — — —
Net debt / (net cash) (3.8%) (0.9%) (3.9%) (0.3%) (2.3%)
Common equity 75.1% 67.2% 66.3% 57.2% 66.9%

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 100
GVGL 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 265.0 60.5 221.7 12.9 71.7
Cash & Short Term Investments 265.0 60.5 221.7 12.9 71.7
Loans & Receivables - Net - Short-Term 1,560.3 1,341.2 995.7 796.1 574.5
Loans & Receivables - Total 1,560.3 1,341.2 995.7 796.1 574.5
Trade Accounts & Trade Notes Receivable - Net 1,035.3 817.7 413.3 262.4 136.6
Loans - Short-Term — — — — —
Income Tax - Receivables - Short-Term 227.1 277.8 277.0 334.8 283.1
Receivables - Other - Total 297.9 245.7 305.4 198.9 154.8
Inventories - Total 2,047.4 1,863.3 1,478.6 1,173.9 643.4
Inventories - Raw Materials 513.1 475.6 281.3 227.2 159.1
Inventories - Other - Total 1,534.3 1,387.7 1,197.3 946.7 484.3
Property, Plant & Equipment - Net - Total 3,027.6 3,093.9 2,996.5 2,277.8 1,676.7
Other Assets - Total 78.6 12.3 11.8 13.3 154.1
Intangible Assets - Total - Net 12.4 11.5 — — —
Total Current Assets 3,872.7 3,265.1 2,696.0 1,982.9 1,289.6
Intangible Assets - excluding Goodwill - Net - Total 12.4 11.5 — — —
Total Assets 6,991.3 6,570.4 5,704.3 4,274.0 3,120.4
Debt - Total — — — — —
Short-Term Debt & Current Portion of Long-Term Debt — — — — —
Short-Term Debt & Notes Payable — — — — —
Assets Held for Sale/Discontinued Operations - Long-Term 0.0 187.6 — — —
Other Non-Current Assets - Total 78.6 12.3 11.8 13.3 154.1
Dividends Payable 7.2 6.7 5.7 5.9 5.4
Deferred Tax - Asset - Long-Term — — — 0.0 143.6
Deferred Tax & Investment Tax Credits - Long-Term 237.2 178.9 191.9 78.0 —
Deferred Tax - Liability - Long-Term 237.2 178.9 191.9 78.0 —
Payables & Accrued Expenses 1,163.4 1,764.9 1,482.7 1,573.3 938.6
Trade Account Payables - Total 1,163.4 1,764.9 1,482.7 1,573.3 938.6
Other Non-Current Assets 78.6 12.3 11.8 13.3 10.5
Total Liabilities 1,740.2 2,155.0 1,923.7 1,827.1 1,034.2
Shareholders' Equity - Attributable to Parent Shareholders - Total 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Total Non-Current Assets 3,118.5 3,305.4 3,008.3 2,291.1 1,830.8
Common Equity Attributable to Parent Shareholders 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Common Equity - Contributed 1,671.3 1,671.3 1,671.3 1,671.3 816.3
Common Stock - Issued & Paid 1,499.4 1,499.4 1,499.4 1,499.4 644.4
Equity - Non-Contributed - Reserves & Retained Earnings 3,579.8 2,744.2 2,109.4 775.6 1,269.9
Retained Earnings - Total 2,884.6 2,049.0 1,414.1 516.1 1,010.5
Trade Accounts Payable & Accruals - Short-Term 1,163.4 1,764.9 1,482.7 1,573.3 938.6
Comprehensive Income - Accumulated - Total 691.5 691.5 691.5 255.7 255.7
Trade Accounts & Trade Notes Payable - Short-Term 1,163.4 1,764.9 1,482.7 1,573.3 938.6
Other Reserves/Equity - Total 3.7 3.7 3.7 3.7 3.7
Dividends/Distributions Payable 7.2 6.7 5.7 5.9 5.4
Other Current Liabilities - Total 332.4 204.5 243.4 170.0 90.2
Common Equity - Total 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Deferred Income - Short-Term 332.4 204.5 243.4 170.0 90.2
Common Stock - Additional Paid in Capital including Option Reserve 171.9 171.9 171.9 171.9 171.9
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Total Liabilities & Equity 6,991.3 6,570.4 5,704.3 4,274.0 3,120.4
Revaluation Reserves 691.5 691.5 691.5 255.7 255.7
Total Current Liabilities 1,503.0 1,976.0 1,731.8 1,749.2 1,034.2
Other Non-Current Liabilities - Total — — — — —
Other Non-Current Liabilities — — — — —
Total Non-Current Liabilities 237.2 178.9 191.9 78.0 —
Common Shares - Issued - Total mn 149.9 149.9 149.9 149.9 149.9
Common Shares - Outstanding - Total mn 149.9 149.9 149.9 149.9 149.9
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 150.0 150.0 150.0 150.0 349.0
Common Shares - Issued - Issue Specific mn 149.9 149.9 149.9 149.9 149.9
Common Shares - Outstanding - Issue Specific mn 149.9 149.9 149.9 149.9 149.9
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×
Debt including Finance and Operating Lease Liabilities - Supplemental — — — — —
Net Debt (265.0) (60.5) (221.7) (12.9) (71.7)
Common Shares - Issued - Issue Specific - Current mn — — — — —
Asset Accruals 6,726.2 6,509.9 5,482.6 4,261.1 3,048.7
Cash & Cash Equivalents - Total 265.0 60.5 221.7 12.9 71.7
Cash & Short Term Investments - Total 265.0 60.5 221.7 12.9 71.7
Debt - including Preferred Equity & Minority Interest - Total — — — — —
Net Book Capital 4,986.1 4,354.9 3,559.0 2,433.9 2,014.5
Net Operating Assets 4,986.1 4,354.9 3,559.0 2,433.9 2,014.5
Provisions - Total 237.2 178.9 191.9 78.0 —
Shareholders Equity - Common 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Tangible Total Equity 5,238.7 4,403.9 3,780.6 2,446.8 2,086.2
Tangible Book Value 5,238.7 4,403.9 3,780.6 2,446.8 2,086.2
Total Book Capital 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Total Capital 5,251.1 4,415.5 3,780.6 2,446.8 2,086.2
Total Long Term Capital 5,488.3 4,594.4 3,972.5 2,524.8 2,086.2
Unearned Revenue - Total 332.4 204.5 243.4 170.0 90.2
Book Value excluding Other Equity 5,247.4 4,411.8 3,777.0 2,443.2 2,082.5
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term 0.0 187.6 — — —
Contract Assets - Short-Term - Unbilled Revenue in Excess of Advance Consideration & Progress Billings 40.9 — — — —
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 332.4 204.5 243.4 170.0 90.2
Accruals - Short-Term 2,104.7 1,228.5 742.5 220.8 183.7
Cash & Short Term Investments - Net of Debt 265.0 60.5 221.7 12.9 71.7
Total Fixed Assets - Net 3,118.5 3,305.4 3,008.3 2,291.1 1,830.8
Working Capital 2,369.8 1,289.0 964.2 233.7 255.3
Interest Bearing Liabilities - Total — — — — —
Working Capital - Non-Cash 2,104.7 1,228.5 742.5 220.8 183.7
Working Capital excluding Other Current Assets & Liabilities 2,702.2 1,493.5 1,207.6 403.8 345.6
Net Debt Including Preferred Equity & Minority Interest (265.0) (60.5) (221.7) (12.9) (71.7)
Other Short-Term & Long-Term Assets - Total 78.6 12.3 11.8 13.3 154.1
Other Short-Term & Long-Term Liabilities - Total 332.4 204.5 243.4 170.0 90.2
Total Current Assets excluding Total Inventories 1,825.4 1,401.7 1,217.4 809.0 646.2
Tangible Book Value excluding Other Equity 5,235.0 4,400.2 3,777.0 2,443.2 2,082.5
Total Debt Excluding Islamic — — — — —
Trade Accounts & Trade Notes Receivable - Net - Total 1,035.3 817.7 413.3 262.4 136.6
Current Liabilities excluding Current Debt - Total — — — — —
Cash in Hand & with Banks - Total 265.0 60.5 221.7 12.9 71.7
Current Assets excluding Cash & Short Term Investments - Total 3,607.7 3,204.5 2,474.3 1,970.0 1,217.9
Cash, Short Term Investments & Accounts Receivable - Total 1,300.3 878.3 635.0 275.3 208.3

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