GGGL

Ghani Global Glass Limited

By PSX Investors Zone · Updated October 24, 2026

Ghani Global Glass Limited company profile

Ghani Global Glass Limited (PSX: GGGL) is a Pakistani manufacturer of pharmaceutical-grade glass tubing, glassware, vials and ampoules. Incorporated in 2007, the company commenced commercial operations in April 2016 and became listed on the Pakistan Stock Exchange following a merger in December 2014. It is part of Ghani Global Holdings Limited and serves pharmaceutical and related industrial markets. PSX-standardized standalone financial data reports FY2026 sales of Rs2.90 billion, profit after tax of Rs135.04 million and EPS of Rs0.57. Although the company remained profitable, earnings declined substantially from FY2025. GGGL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on December 2025 accounts. Investors should review subsequent financial statements, the company's financing and operating costs, and the latest Shariah screening results before evaluating the shares.

Ghani Global Glass Limited (PSX: GGGL) is a Pakistani glass-products manufacturer serving pharmaceutical and related industrial markets. The company was incorporated on October 4, 2007, originally as Ghani Tableware (Private) Limited. Its name was changed to Ghani Tableware Limited in July 2008 and subsequently to Ghani Global Glass Limited in January 2009. Following a merger with Libas Textiles Limited, the company became listed on the Pakistan Stock Exchange on December 12, 2014. It commenced commercial operations on April 1, 2016.

Business Overview

Ghani Global Glass manufactures and sells glass tubes, glassware, pharmaceutical vials and ampoules, along with related chemical products and associated services. Its products support pharmaceutical packaging, where product consistency, quality controls and suitability for intended applications are important.

The Ghani Global Group describes the company as a manufacturer of borosilicate glass tubing, including USP Type I neutral glass, and as a significant supplier of vials and ampoules in Pakistan. The group identifies Ghani Global Holdings Limited as the holding company, with a reported 50.10% shareholding in Ghani Global Glass.

The company's business performance can be influenced by pharmaceutical-sector demand, production capacity utilization, energy and raw-material costs, quality requirements, working-capital needs and competition from domestic and imported products.

Sources: Official PSX company profile and Ghani Global Group — listed companies.

Financial Performance

PSX-standardized standalone financial data for the financial year ended June 30, 2026, reports the following:

  • Sales: Rs2,898.55 million
  • Profit after tax: Rs135.04 million
  • Earnings per share (EPS): Rs0.57

For FY2025, the corresponding standardized figures were sales of Rs2,931.92 million, profit after tax of Rs300.63 million and EPS of Rs1.25. Sales therefore decreased modestly in FY2026, while profit after tax fell by more than half. The reduction in earnings despite relatively stable sales makes margins, production costs, finance costs and other income important areas to examine in the audited financial statements.

These are standalone figures standardized for presentation on the PSX platform; the company's original annual report should be used to verify reported line items and understand any differences between standalone and consolidated results.

Source: PSX financials and announcements for GGGL. The company also provides its corporate information through the Ghani Global Group website.

Shariah Compliance Status

Ghani Global Glass Limited was classified as Compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, using financial accounts through December 31, 2025.

The screening data published for that review included:

  • Debt ratio: 26.13%
  • Non-compliant investment ratio: 0.00%
  • Non-compliant income ratio: 0.00%
  • Illiquid assets ratio: 71.10%

These figures relate to the specified screening period and should not be treated as current financial ratios indefinitely. The index review is periodic, and the company's status may change when new accounts are assessed. Investors should verify the latest official PSX-KMI All Share Islamic Index publication before relying on this classification.

Sources: PSX-KMI All Share Islamic Index review data and PSX Shariah-compliant investment information.

Factors Investors Should Monitor

  • Earnings and margins: FY2026 profit and EPS declined significantly compared with FY2025. Future reports should clarify whether this reflects operating costs, finance expenses, other income or changes in product mix.
  • Pharmaceutical demand: Demand for glass tubes, vials and ampoules is connected to pharmaceutical manufacturing and packaging requirements.
  • Energy and production costs: Glass manufacturing can be energy-intensive, making fuel, electricity and raw-material costs important to profitability.
  • Capacity utilization: Production volumes and efficient use of manufacturing facilities can affect unit costs and operating margins.
  • Working capital: Inventory, receivables and payment cycles may affect cash flow even when the company reports accounting profits.
  • Group relationships: Review related-party transactions and the financial statements of the holding company where relevant.
  • Shariah screening: Confirm the latest official screening status instead of relying solely on a previous index review.
  • Trading liquidity: Review current trading volume, free float and bid-ask conditions alongside the company's financial results.

Investor Learning Point

Stable sales do not necessarily translate into stable profits. When reviewing a manufacturing company, investors should compare revenue growth with gross profit, operating expenses, finance costs and operating cash flow. EPS should be assessed alongside these measures rather than used as the sole indicator of business performance.

Frequently Asked Questions

What is Ghani Global Glass Limited's PSX symbol?

Its symbol is GGGL, and it is listed on the Pakistan Stock Exchange.

What does Ghani Global Glass manufacture?

Its principal products include glass tubes, glassware, pharmaceutical vials and ampoules, along with related products.

Is Ghani Global Glass Shariah-compliant?

It was classified as compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, using accounts through December 31, 2025. The latest official review should be checked for any subsequent change.

What were the company's FY2026 results?

PSX-standardized standalone figures report sales of Rs2,898.55 million, profit after tax of Rs135.04 million and EPS of Rs0.57.

Why should investors review earnings beyond sales?

Because manufacturing costs, energy expenses, financing and other income can materially affect profitability even when sales remain relatively stable.

Official Sources

Important: Financial figures above are tied to the FY2026 reporting period, while the Shariah classification is tied to the June 2026 index review. Check the latest official announcements and index recomposition before updating this profile or making claims about current status.

#ghani global glass limited#gggl#psx#pakistan stock exchange#glass manufacturing pakistan#pharmaceutical glass#borosilicate glass tubes#pharmaceutical vials#ampoules#glass and ceramics sector#shariah-compliant stocks#kmi all share islamic index#fundamental analysis#psx company profiles

This profile is for educational purposes and is not a recommendation to buy or sell any security.

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