TARIQ GLASS LIMITED: ANOTHER JEWEL IN THE MAKING

TARIQ GLASS LIMITED: ANOTHER JEWEL IN THE MAKING

Tariq Glass Industries are the leading manufacturers of glass and now float glass. It operates under the brand name of Toyo Nasic, Omroc and Nova. The group has established a reliable brand name over the twenty years by catering the needs in terms of quality, reliability and now spreading its success across the Middle East, Africa, Asia and Far East.

Given the recent capacity expansion with production capacity of 550tons per day, the company is expected to post hefty topline growth. In 9m CY13, the company earnings were 2.32 per share and given the new capacity addition and increasing gross margins, the company earnings is likely to show more than 50% growth and to remain above 6 per share as per our analyst expectations.