Beta Glass Profitability Streak Validates Surging Stock Price

Beta Glass Plc is the most attractive manufacturing stock on NGXASI index as the company that makes, distributes and makes glass continues to deliver shareholders value through cost optimisation and aggressive expansion plans.

Beta Glass has a price to earnings ratio of 9.03 times, a cheap valuation compared to peer rivals. The company’s shares has risen by 414.04 percent since the start of the year, outperforming the NGXASI index’s 25.30 percent gain. Its has a market capitalisation of N200 billion.

It is important to note that the leading glass manufacturer in the country provides a margin of safety for investors as it has a working capital to debt rati0 of 4.01 times.

This indicates the producer’s current assets covers its long term liabilities, which means if the company were to be liquidated, its assets could cover its liabilities, minimizing potential losses.

Manufacturers such as Dangote Cement recorded working capital to debt ratio of -0.118x; -.018x; Lafarge Africa, 9.25x, and Berger Paints, 0.01x.

Beta Glass’ solid short-term liquidity position has been validated by a current ratio that exceeds great American Investor Benjamin Graham 2.1x, which means a firm’s current asset should at least be two times current liabilities.

The company recorded a current ratio of 2.39x, and that compares with Dangote Cement, 0.88x; BUA Cement, 0.82, Lafarge Africa, 1.06x, and Berger Paints, 1.72x, according to MoneyCentral calculations.

With improved operational efficiency at its plants in Agbara, Ijebu Ode, and Ughelli and a streamlined production as well as controls combined with growing demand for its products, the company is optimistic it will maintain its growth and profitability streak.

If the past gives an ideal of what the future holds, Beta Glass earnings have impressive in the last 10 years.

For instance, profit grew by 44.13 percent in first quarter of 2017, that compares with a 594.12 percent uptick in 2025.

Revenue followed the same growth trajectory as it was up 44.15 percent in 2017, and now it has risen by 69.12 percent in 2025.

Interestingly, profit margin was 2.02 percent in 2016, that compares with a ratio of 24.28 percent in the first three m0nths of 2025.

To reduce foreign exchange risk, Beta Glass sources some its raw materials (limestone) locally, it continues to support the growing demand for food and beverage as well as the pharmaceutical sector.

The company’s fixed asset turnover increased to 27.11 percent in March 2025 from 4.83 percent the previous, which means the producer of glass is efficient at sales from its existing fixed asset.