BALUCHISTAN GLASS LIMITED
CORPORATE BRIEFING SEESSION
OCTOBER 16, 2024
CONTENTS
INTRODUCTION
OVERVIEW OF PRODUCTION PROCESS
FINANCIAL ANALYSIS FOR THE YEAR 2024
KEY PERFORMANCE INDICATORS
CHALLENGES & OUTLOOK
Q & A
INCORPORATION
FACTORIES
PRODUCTION
CAPACITY
PRODUCTS
MAJOR
SHAREHOLDER
COMPANY CAPITAL
BRIEF INTRODUCTION
- Baluchistan Glass Limited was incorporated in Pakistan as a public limited company in 1980 under the repealed Companies Act, 1913 (now the Companies Act, 2017)
- Unit-1- Plot No. 8 Sector M, H.I.T.E, Hub, District Lasbella, Baluchistan
- Unit-2- 29-Km Lahore Sheikhupura Road, Sheikhupura
- Unit-3- 12-Km Lahore Sheikhupura Road, Kot Abdul Malik
- Unit-1- 110 Metric Tons / Day
- Unit-2- 200 Metric Tons / Day
- Unit-3- 65 Metric Tons / Day
- Tableware Glass
- Pharma Glass Packaging
- Container-wareGlass
- MMM Holding (Private) Limited (the holding company) owns 84.34% Shares
• Authorized Capital | Rs. 7,000,000,000 |
• Paid-up Capital | Rs. 2,616,000,000 |
OVERVIEW OF PRODUCTION PROCESS
RAW MATERIAL PREPERATION
- Processing raw material to remove impurities which goes into wastage
MELTING PROCESS
- Mixed Batch is then melted into furnace at an extreme temprature of 1500 degree celcius to convert the raw materials into molten glass.
ANNEALING PROCESS
- The glass is then slowly cooled in an annealing lehr. This step also ensures the durability of the glass.
BATCH MIXING PROCESS
- Batch Mixing process includes mixing of raw materials and chemicals in batch mixer. This mainly includes Silica Sand, Soda Ash, Lime Stone & Dolomite
FORMING PROCESS
- Molten Glass is then poured into molds through feeder to transform it into desireable product
QUALITY CHECK & PACKAGING
- Each piece is inspected for defects and then carefully packed to prevent damage during transport
FINANCIAL ANALYSIS
(Rupees in Thousands)
300,000 | |||
200,000 | 186,006 | ||
161,345 | |||
100,000 | |||
- | |||
(19,369) | (1.94) | (0.52) | |
-100,000 | |||
(142,143) | (135,055) | ||
-200,000 | |||
-300,000 | (286,682) | ||
-400,000 | |||
-500,000 | |||
(512,174) | (508,722) | ||
-600,000 |
SALES | GROSS LOSS | LOSS BEFORE LEVIES & INCOME | LOSS AFTER TAX | EPS | |||
TAX | |||||||
FY 2023 | FY 2024 | ||||||
FINANCIAL ANALYSIS
(Rupees in Thousands)
2,000,000 | ||||
1,800,000 | 1,761,937 | |||
1,600,000 | ||||
1,400,000 | ||||
1,200,000 | ||||
1,081,845 | ||||
1,000,000 | ||||
859,747 | 849,192 | |||
800,000 | ||||
600,000 | ||||
400,000 | ||||
200,000 | 100,000 | |||
- | ||||
- | ||||
RETAINED EARNING | LOAN TERM LOANS | SHORT TERM BORROWINGS | ||
FY 2023 | FY 2024 |
KEY PERFORMANCE INDICATORS
CURRENT RATIO | |||||
0.50 | |||||
0.45 | |||||
0.40 | |||||
0.35 | |||||
0.30 | |||||
0.26 | 0.24 | ||||
0.20 | |||||
0.10 | 0.11 | ||||
- | |||||
2020 | 2021 | 2022 | 2023 | 2024 |
ROCE | ||||
10.00% | 7.54% | |||
5.00% | ||||
0.00% | 0.58% | |||
-5.00% | ||||
-10.00% | -12.60% | |||
-15.00% | ||||
-16.48% | ||||
-20.00% | ||||
-25.00% | ||||
-30.00% | -28.86% | |||
-35.00% | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
DEBT TO EQUITY RATIO | ||||
250% | ||||
200% | 209% | 195% | ||
175% | ||||
150% | 151% | |||
126% | ||||
100% | ||||
50% | ||||
0% | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
RETURN ON ASSETS | ||||
5.00% | ||||
0.00% | 1.57% | |||
-5.00% | -5.08% | |||
-10.00% | -8.47% | |||
-15.00% | ||||
-20.00% | -20.20% | |||
-25.00% | ||||
-30.00% | -32.53% | |||
-35.00% | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
KEY PERFORMANCE INDICATORS
EPS | ||||
0.50 | ||||
- | 0.10 | |||
(0.50) | (0.52) | |||
(1.00) | (1.03) | |||
(1.50) | ||||
(2.00) | (1.77) | (1.94) | ||
(2.50) | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
P/E RATIO | ||||
200.00 | ||||
150.00 | 157.43 | |||
100.00 | ||||
50.00 | ||||
- | (3.66) | (8.53) | (6.65) | |
(20.44) | ||||
(50.00) | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
GP MARGIN RATIO | ||||
50.00% | ||||
0.00% | -2.97% | 9.38% | ||
-12.67% | ||||
-50.00% | ||||
-100.00% | -104.13% | |||
-150.00% | ||||
-177.68% | ||||
-200.00% | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
Challenges & Outlook
Sr. | Challenge | Outlook |
1 | Sharp Decline in Revenue | Focus on strategic objectives to enhance the quality and variety of glass |
products, particularly tableware, to drive revenue recovery. | ||
2 | Operational Difficulties | Implement operational improvements and streamline procudtion processes |
to ensure efficiency. | ||
3 | High Production Costs | Explore alternative energy sources to reduce reliance on costly substitutes. |
4 | Inefficient Gas Supply | Advocate for the restoration of full sanctioned gas supply to ensure optimal |
production capacity and efficiency. | ||
5 | Increased Use of Expensive | Investigate partnerships or agreements with energy suppliers for more |
Alternatives | affordable and sustainable energy options. | |
Market Dynamics and Reduced | Revise marketing strategies to address current market conditions and | |
6 | enhance customer engagement to stimulate demand for pharmaceutical glass | |
Demand | ||
packaging. | ||
7 | Excessive Taxation | Engage with policymakers to advocate favorable taxation policies that |
support the glass industry and enhance financial viability. | ||
8 | Economic Stagnation | Diversify product offerings to capture new market segments and reduce |
dependence on fluctuating sectors. | ||
9 | Liquidity Constraints | Restructure financial obligations and explore refinancing options to improve |
liquidity and financial flexibility. | ||
BALUCHISTAN GLASS LIMITED
THANK YOU.