Ghani Glass is a public limited company of Glass & Ceramics sector. It was incorporated in the province of Punjab in December 1992. The company is engaged in the production and sale of glass containers and sheet glass.
According to the court sanction dated January 21 2004, its associated company Ka'asul Musaffa (Private) Limited was merged with the company. Hence, the balances on March 31, 2004 reflect the merger position.
It is an ISO 9001-2000 Glass Plant of Pakistan. The company is operating from head office and regional marketing office at Shadman Lahore. Its another marketing office is located at Chandni Chowk KDA Scheme No 7-8 Karachi. Its plant No 1 is located in NWFP at Haripur-Taxila Road where its regional-cum-marketing office - North is also situated.
Its plant No 2 is located at Landhi Industrial Area Karachi. Its shares are quoted on Karachi and Lahore Stock Exchanges on 18-8-2004, the market price of Ghani Glass shares closed at Rs 75.05 per share which works out to more than 7 times of the par value. During the last one year the price of the share increased from Rs 53.70 to Rs 84.90 per share.
During 9M 2003-04 the company posted sales at Rs 532.33 mln, gross profit at Rs 214.48 mln registering increase at 37.2% and 52.8% respectively pre-tax profit increased by Rs 46.15 mln to Rs 166.94 mln from Rs 120.79 mln in the same period last year with the increase construction activity the demand for Glass sheet will also increase.
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Performance Statistics (Million Rupees)
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Balance sheet -As At-
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March 31 June 30
2004 2003
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Share Capital-Paid-up: 241.67 149.50
Reserves & Profit: 605.49 448.09
Shareholders Equity: 847.16 597.59
Current Liabilities: 296.98 79.17
Fixed Assets: 378.90 194.83
L.T Investments: - 75.00
L.T Deposits: 14.73 2.08
Current Assets: 750.51 404.85
Total Assets: 1,144.14 676.76
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Profit & Loss A/c For the
Nine Months Ended March 31 2004 2003
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Sales: 532.33 388.03
Gross Profit: 214.48 140.39
Operating Profit: 166.94 119.03
Other Income: - 1.76
Profit Before Taxation: 166.94 120.79
Profit After Taxation: 148.69 120.21
Earnings Per Share (Rs): 6.15 4.97
Share Price (Rs) on 18.08.2004: 75.05 -
Price/Earning Ratio: 12.22 -
Book Value of Share (Rs): 35.05 39.97
Debt/Equity Ratio: 0:100 0:100
Current Ratio: 2.53 5.11
Gross Profit Margin (%): 40.29 36.18
Net Profit Margin (%): 27.93 30.97
R.O.A. (%): 13.00 17.76
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