TGL Tariq Glass Industries Limited

Tariq Glass Industries Limited (TGL) financial ratios

Tariq Glass Industries Limited earned a net margin of 13.1% in FY2026 against a five-year average of 13.0% (Glass & Ceramics median 4.7%). Return on equity was 16.2%, compared with a sector median of 10.1%. The current ratio stood at 4.32× and debt was 1.8% of equity. Cash took about 142 days to cycle through receivables, inventory and payables.

FY2026 vs the Glass & Ceramics median

Gross margin: 28.9%; Sector median 20.5%
Operating margin: 22.0%; Sector median 11.3%
Net margin: 13.1%; Sector median 4.7%
Return on equity (ROE): 16.2%; Sector median 10.1%
Return on assets (ROA): 13.6%; Sector median 2.0%
Current ratio: 4.32×; Sector median 0.99×
Debt to equity: 1.8%; Sector median 12.9%
Asset turnover: 1.04×; Sector median 0.95×
Dividend payout ratio: 0.0%; Sector median 6.9%

Median of the 8 companies in the sector with the figure for their latest fiscal year.

TGL financial ratios (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	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	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012
Profitability
Gross margin	28.9%	31.0%	26.4%	20.2%	26.3%	21.5%	16.2%	19.6%	17.5%	20.4%	21.0%	20.1%	14.5%	15.1%	20.5%
EBITDA margin	25.5%	29.1%	25.1%	20.2%	26.3%	20.2%	15.6%	18.3%	17.1%	20.3%	18.4%	15.5%	10.8%	11.8%	16.2%
Operating margin	22.0%	25.6%	21.2%	15.8%	22.1%	17.1%	11.7%	14.8%	12.9%	15.1%	12.6%	9.8%	4.8%	6.4%	12.7%
Pre-tax margin	21.7%	23.9%	22.8%	14.5%	21.3%	15.5%	7.7%	12.9%	11.7%	12.0%	8.0%	4.5%	0.9%	3.9%	12.4%
Net margin	13.1%	14.2%	14.8%	8.9%	14.1%	11.0%	5.6%	9.2%	9.0%	7.7%	6.1%	5.1%	0.2%	9.4%	8.6%
Effective tax rate	39.8%	40.5%	35.2%	38.8%	33.9%	28.7%	27.2%	28.6%	23.0%	35.9%	24.5%	(12.7%)	75.6%	(140.8%)	30.9%
Returns
Return on equity (ROE)	16.2%	23.3%	25.8%	17.7%	35.0%	24.3%	11.8%	23.2%	22.5%	18.0%	14.0%	14.1%	0.6%	16.1%	—
Return on assets (ROA)	13.6%	17.1%	17.2%	11.0%	19.8%	11.7%	5.0%	11.9%	12.7%	8.9%	6.1%	5.4%	0.2%	7.2%	—
Return on invested capital (ROIC)	15.8%	21.1%	22.2%	14.9%	25.3%	15.4%	8.9%	16.4%	16.9%	11.6%	10.7%	13.7%	1.8%	16.0%	—
Liquidity
Current ratio	4.32×	3.29×	1.72×	1.86×	1.41×	1.54×	1.01×	1.00×	1.31×	1.10×	1.11×	1.08×	1.00×	1.03×	1.08×
Quick ratio	2.07×	1.58×	0.71×	0.60×	0.52×	0.62×	0.37×	0.35×	0.50×	0.43×	0.48×	0.46×	0.36×	0.29×	0.61×
Leverage
Debt to equity	1.8%	5.1%	24.9%	24.4%	42.5%	46.6%	116.2%	87.0%	34.4%	58.5%	88.6%	111.3%	134.4%	77.4%	44.9%
Debt to capital	1.8%	4.9%	19.9%	19.6%	29.8%	31.8%	53.7%	46.5%	25.6%	36.9%	47.0%	52.7%	57.3%	43.6%	31.0%
Debt to assets	1.6%	4.1%	16.5%	16.4%	24.2%	26.3%	45.5%	39.7%	20.8%	30.9%	40.5%	45.2%	48.6%	30.7%	23.8%
Assets to equity	1.20×	1.36×	1.50×	1.61×	1.76×	2.07×	2.38×	1.95×	1.77×	2.03×	2.31×	2.60×	2.65×	2.24×	—
Efficiency
Asset turnover	1.04×	1.20×	1.16×	1.24×	1.41×	1.06×	0.89×	1.30×	1.41×	1.16×	1.00×	1.06×	1.11×	0.76×	—
Receivable days days	56	46	33	24	18	29	42	25	20	28	36	33	22	12	—
Inventory days days	123	111	110	92	76	90	115	82	76	99	114	109	91	97	—
Payable days days	36	32	29	29	30	33	33	22	27	37	40	42	43	69	—
Cash conversion cycle days	142	125	113	87	64	86	124	86	69	90	111	100	69	40	—
Dividends
Dividend payout ratio	0.0%	0.0%	23.6%	10.9%	0.0%	0.0%	38.6%	33.3%	40.2%	26.1%	0.0%	9.0%	0.0%	0.0%	23.7%
Earnings retention rate	1.00×	1.00×	0.76×	0.89×	1.00×	1.00×	0.61×	0.67×	0.60×	0.74×	1.00×	0.91×	1.00×	1.00×	0.76×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

TGL: frequently asked questions

What is TGL's EPS?

Tariq Glass Industries Limited reported basic earnings per share of Rs 23.31 for FY2026 (Jul 2025 – Jun 2026).

What is TGL's P/E ratio?

At the closing price of Rs 159.11 on 16 Oct 2026, TGL trades at a P/E of 6.8× based on EPS of Rs 23.31 (FY2026).

Does TGL pay dividends?

Yes. Tariq Glass Industries Limited declared a dividend of Rs 5.00 per share for FY2026. It has paid a dividend in each of the last 2 years. At Rs 159.11 that is a dividend yield of 3.1%.

What was TGL's revenue and profit in FY2026?

Tariq Glass Industries Limited reported revenue of Rs 30.7 bn and profit attributable to shareholders of Rs 4.0 bn for FY2026 (Jul 2025 – Jun 2026).

What is TGL's book value per share?

Tariq Glass Industries Limited's book value per share was Rs 156.85 at the end of FY2026. The shares trade at 1.01× book value.

Information only, not investment advice.