Asahi India Glass Ltd.

ASAHIINDIA

₹742.45

1.23% (9.05)

Market Cap

₹18,038 Cr.

P/E

48.59

About

Asahi India Glass Limited (AIS) is a leading integrated glass and windows solutions company in India. It offers end-to-end solutions from manufacturing to installation, catering to industrial and end … Read more

Asahi India Glass Limited (AIS) is a leading integrated glass and windows solutions company in… Read more

Low

577

52W Range

High

834

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	1,064	1,519	1,903	1,953	2,034	2,219	2,322	2,394	2,615	3,563
Shareholders Funds	354	927	1,076	1,216	1,302	1,440	1,762	2,075	2,353	2,669
Profit & Loss
Operating Profit	392	415	464	510	431	435	761	795	722	766
Net Sales	2,209	2,345	2,633	2,913	2,643	2,421	3,170	4,019	4,341	4,594
Cash flow
Cash from Operating Activity	230	418	449	424	293	516	586	402	653	720
Net Capex (est)	125	186	436	504	203	83.73	76.87	309	897	1,256
Ratios
ROCE (%)	24.46	20.61	19.76	18.16	12.90	13.91	23.01	21.99	14.99	—
ROE (%)	24.56	16.14	16.49	15.64	11.80	9.24	19.56	17.59	13.94	—

Forensics

11 Yes

Positive for this company

0 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Promoter Holding

Promoter has been buying shares from the open market over last 90 days
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash

Price & Performance

Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Capex vs ROCE

Roce of the company has decreased even without significant capex
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
ROE

Roe has decreased vs 10 year trend
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

16 %

(as of Mar 24)

Source/Historic

Float Glass Segment Market Share

75 %

(as of Mar 24)

Source/Historic

Passenger Car Glass Segment Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Customer Segment

Operating Profit Break-Up

Capex

Asset Break-Up

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Asahi India Glass	742.45	48.59	18,038	54.2	6.77	14.99	13.94
Borosil	370.05	59.73	4,434	64.65	15.74	13.9	11.36
La Opala R G	247.15	28.4	2,743	65.84	-6.57	17.63	15
Empire Inds	1,089.95	18.98	654	72.55	22.62	15.19	12.33
Haldyn Glass	101.65	29.04	546	58.14	-0.71	12.23	12.31
Hind National Glass	20.57	7.07	183	70.73	-33.73	-32.88	-19.63
Technocraft Inds	3,061.8	27.19	6,966	74.75	18.52	21.91	15.77
Shankara Bldg. Prod	935.15	29.31	2,268	49.25	19.08	17.66	8.92

Corporate Actions

Consolidated Dividend

DATE

DETAILS

2024, Aug 28

Dividend Dividend of Rs.2 per share

2023, Sep 11

Dividend Dividend of Rs.2 per share

2022, Sep 07

Dividend Dividend of Rs.2 per share

2021, Sep 21

Dividend Dividend of Rs.1 per share

2020, Mar 19

Dividend Dividend of Rs.1 per share

Customers

Ashok Leyland Ltd.
Mahindra & Mahindra Ltd.
Maruti Suzuki India Ltd.
Tata Motors Ltd.
Fiat
Ford
Honda
Hyundai
Renault Nissan
Reva
Skoda
Toyota
Volkswagen
Volvo
Alstom
Bajaj Auto Ltd.
BEML Ltd.
Daimler
Doosan Power Systems
Fiat
Fiat Chrysler
Force Motors Ltd.
Ford Motor Company
Honda Cars (India) Ltd.
JCB India
Kia Motors
Kobelco Construction Machinery
Samsung
Skoda Auto
Toyota
Whirlpool Of India

Showing 5 of 31

FAQs on Asahi India Glass Ltd. Business

What does Asahi India Glass do?

Asahi India Glass Limited (AIS) is a top player in the glass and windows solutions industry, providing customized products globally with a focus on quality.

Who are the competitors of Asahi India Glass?

Asahi India Glass major competitors are Borosil, La Opala R G, Empire Inds, Haldyn Glass, Hind National Glass, Technocraft Inds, Shankara Bldg. Prod.
Market Cap of Asahi India Glass is ₹18,038 Crs.
While the median market cap of its peers are ₹2,268 Crs.

Is Asahi India Glass financially stable compared to its competitors?

Asahi India Glass seems to be less financially stable compared to its competitors.
Altman Z score of Asahi India Glass is 5.14 and is ranked 5 out of its 8 competitors.

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