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Glass & Ceramics

TGL Tariq Glass Industries Limited

Latest results: FY2026 · Jun 2026

Watch TGL · free results alerts

Last close · 16 Oct 2026

Rs 159.72 -0.95%

Valuation · at the close on 16 Oct 2026

Tariq Glass Industries Limited (TGL) valuation

At Rs 159.72 (close on 16 Oct 2026) TGL trades at 6.9× earnings (FY2026), above its five-year average of 6.0× and below the Glass & Ceramics median of 7.6×. The shares are priced at 1.02× book value (sector median 1.08×). Enterprise value of Rs 25.3 bn is 3.2× EBITDA. The dividend yield is 3.1%, against a five-year average of 3.7%.

P/E · today
6.9×
FY2026
5-yr average6.0× Sector median7.6×
P/B · today
1.02×
FY2026
5-yr average1.27× Sector median1.08×
EV/EBITDA · today
3.2×
5-yr average3.4× Sector median3.8×
Dividend yield · today
3.1%
FY2026
5-yr average3.7% Payers' median4.0%

Market value Rs 27.5 bn at Rs 159.72. Sector medians use the latest close of 8 Glass & Ceramics companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 11.6× 5.8× 0.0× P/E at fiscal year-end FY17: 10.7× P/E at fiscal year-end FY18: 7.2× P/E at fiscal year-end FY19: 4.3× P/E at fiscal year-end FY20: 9.3× P/E at fiscal year-end FY21: 6.9× P/E at fiscal year-end FY22: 3.5× P/E at fiscal year-end FY23: 4.7× P/E at fiscal year-end FY24: 4.6× P/E at fiscal year-end FY25: 9.1× P/E at fiscal year-end FY26: 8.3× FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Valuation history

At each fiscal year-end price.

TGL valuation history (annual) (Rs bn)
Rs bn 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
Market capitalisation 33.3 43.2 20.1 11.7 14.3 14.7 7.1 5.6 7.9 8.1 5.1 4.1 2.2 1.5 1.1
Enterprise value 31.0 43.1 24.0 15.0 19.0 18.8 14.7 10.8 9.4 10.5 8.4 7.3 5.7 3.4 1.7
Share price (period end) Rs 193.18 251.17 116.55 68.10 83.05 85.10 41.29 32.70 45.72 47.26 31.55 24.96 13.40 9.39 6.83
P/E (diluted) 8.29× 9.05× 4.59× 4.65× 3.45× 6.95× 9.33× 4.25× 7.17× 10.71× 11.08× 10.53× 139.89× 4.15× 3.79×
Price to book 1.23× 1.93× 1.08× 0.76× 1.09× 1.38× 1.05× 0.92× 1.49× 1.82× 1.38× 1.41× 0.84× 0.60× 0.55×
Price to sales 1.08× 1.29× 0.68× 0.41× 0.49× 0.77× 0.52× 0.39× 0.65× 0.82× 0.67× 0.53× 0.30× 0.39× 0.33×
EV / EBITDA 3.96× 4.42× 3.23× 2.62× 2.45× 4.88× 6.95× 4.11× 4.54× 5.24× 5.63× 5.84× 6.86× 7.43× 3.05×
EV / Sales 1.01× 1.29× 0.81× 0.53× 0.64× 0.98× 1.08× 0.75× 0.78× 1.06× 1.04× 0.91× 0.74× 0.88× 0.50×
Dividend yield (gross) 2.6% 1.6% 5.1% 2.3% 11.6% 0.0% 4.1% 7.8% 3.9% 2.4% 0.0% 0.9% 0.0% 0.0% 6.3%
Free cash flow yield 11.2% 12.0% 7.8% 16.0% 7.3% 23.7% (31.6%) (56.4%) 14.4% 13.6% 2.2% 9.1% (46.5%) (144.4%) (97.5%)
PEG ratio (0.52×) 0.98× 0.06× (0.12×) 0.04× 0.04× (0.22×) 0.21× 0.16× 0.19× 0.55× 0.00× (1.46×) 0.16× —
P/E (diluted, normalised) 8.29× 9.05× 5.80× 4.65× 3.45× 6.95× 9.33× 4.25× 7.17× 10.71× 11.08× 10.53× 139.89× 4.15× 3.79×
Price to book — 5-year average 1.27× 1.30× 1.05× 1.03× 1.18× 1.31× 1.29× 1.37× 1.44× 1.29× 1.02× — — — —
EV / EBITDA — 5-year average 3.43× 3.47× 3.40× 3.55× 3.95× 5.07× 5.22× 4.91× 5.40× 5.85× 5.78× — — — —
Dividend yield — 5-year average 3.7% 3.5% 4.8% 5.0% 5.4% 2.9% 3.6% 3.1% 1.9% 1.1% 0.7% — — — —

TGL valuation: frequently asked questions

What is TGL's P/E ratio?

At the closing price of Rs 159.72 on 16 Oct 2026, TGL trades at a P/E of 6.9× based on EPS of Rs 23.31 (FY2026).

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 1.02× book value.

Information only, not investment advice.