⚡ Flash Summary

Baluchistan Glass Limited (BGL) held a corporate briefing session on October 15, 2025, discussing their financial performance for the year ended June 30, 2025. The company’s Unit-I in Hub, Baluchistan, resumed production in June 2024 but faced technical disruptions. BGL successfully completed a financial restructuring by issuing 376,912,057 new shares to MMM Holding (Private) Limited, increasing the paid-up capital to Rs. 6.385 billion and MMM’s holding to 93.59%.

📌 Key Takeaways

• 🏭 Baluchistan Glass Limited incorporated in Pakistan in 1980.
• 📍 Operates three manufacturing units in Hub, Sheikhupura, and Lahore.
• 📈 Unit-I resumed production in June 2024 but was disrupted.
• 🔄 Financial restructuring completed by issuing new shares.
• 💰 Paid-up capital increased to Rs. 6.385 billion.
• 🤝 MMM Holding now owns 93.59% of the company.
• 📉 Non-Current Assets decreased by 6.2% to Rs. 3,337,221 thousands.
• 📉 Current Assets decreased significantly by 34.61% to Rs. 568,068 thousands.
• 📈 Non-Current Liabilities increased substantially by 241.1% to Rs. 647,256 thousands.
• 📉 Current Liabilities decreased by 10.72% to Rs. 2,209,355 thousands.
• 📉 Shareholders’ Equity decreased by 40.49% to Rs. 1,048,478 thousands.
• 📈 Sales increased significantly by 344.91% to Rs. 717,833 thousands.
• 📉 Gross Loss increased by 61.78% to (Rs. 463,789) thousands.
• 📉 Operating Loss increased by 41.92% to (Rs. 456,365) thousands.
• ⚠️ Loss for the Year increased by 40.25% to (Rs. 713,459) thousands.

🎯 Investment Thesis

Given the negative profitability trends, high debt, and operational challenges, a SELL recommendation is warranted. The company’s financial restructuring may provide some short-term relief, but the underlying issues of profitability and efficiency remain unaddressed. The stock is overvalued based on its financial performance.