Asahi India Glass

₹605 -7.5 | 1.2%

WEBSITE BSE:515030 NSE : ASAHI IN.GLA 10 May, 16:01

Market Cap ₹14707 Cr.

Stock P/E 45.5

P/B 6.5

Current Price ₹605

Book Value ₹ 93.8

Face Value 1

52W High ₹660

Dividend Yield 0.33%

52W Low ₹ 445.5

Edit Ratio

Asahi India Glass Research see more...

Overview Inc. Year: 1984Industry: Glass

Asahi India Glass Ltd is an integrated glass and windows solutions corporation. The Company is engaged in the business of producing of vehicle glass, float glass and other value-added glasses. The Company's segments are Float Glass and Automotive Glass. Its products within the Automotive Glass class include Laminated Windshields, Tempered Glass for Sidelites and Backlites, Defogger Glass, Glass Antenna, Encapsulated Glass, Plug-in Window, UV Cut Glass, Dark Green UV Cut Glass, Rain Sensor Windshield, Solar Control Glass, IR Cut Glass, Acoustic Windshield, Privacy Glass and Wiper Heated Windshield. Its products within the Architectural Glass category include AIS Sunshield, AIS Sunshield Trendz, Ecosense, AIS Swytchglas, AIS Opal Trendz, AIS Integrated Blinds, AIS Pyrobel, AIS Mirror, AIS Decor, AIS Krystal, AIS Disegno, AIS Clear, AIS Tinted, AIS Opal, AIS Mesh Laminated and AIS Securityplus. Its client glass offerings consist of AIS Windows, GlasXperts and Windshield Experts.

Asahi India Glass Share Price

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Peer Comparison

Asahi India Glass Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	797	829	944	923	1014	1010	1072	1089	1120	1044
Other Income	4	3	8	3	5	3	5	2	3	2
Total Income	800	833	952	926	1019	1013	1077	1091	1123	1045
Total Expenditure	610	614	701	702	799	821	902	880	934	880
Operating Profit	191	219	251	224	220	191	175	211	189	165
Interest	32	28	28	26	26	27	26	34	34	34
Depreciation	40	43	40	40	40	39	41	41	43	46
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	119	147	183	159	155	125	109	136	111	85
Provision for Tax	42	51	59	57	54	46	44	38	30	23
Profit After Tax	77	97	125	102	100	79	64	98	81	62
Adjustments	4	4	3	5	5	5	5	6	6	1
Profit After Adjustments	81	100	128	107	105	84	69	104	87	63
Adjusted Earnings Per Share	3.3	4.1	5.3	4.4	4.3	3.5	2.8	4.3	3.6	2.6

Asahi India Glass Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1944	2140	2099	2209	2345	2633	2913	2643	2421	3170	4019	4325
Other Income	10	5	17	6	29	24	19	13	36	19	16	12
Total Income	1954	2145	2116	2214	2374	2657	2932	2656	2457	3190	4035	4336
Total Expenditure	1777	1911	1789	1817	1930	2169	2403	2212	1987	2410	3224	3596
Operating Profit	177	234	326	398	444	488	529	444	471	780	811	740
Interest	170	163	160	144	144	124	135	146	143	121	105	128
Depreciation	154	143	112	110	79	95	119	137	132	160	160	171
Exceptional Income / Expenses	0	0	-4	-2	-2	-5	-3	0	0	0	0	0
Profit Before Tax	-147	-72	51	142	223	269	280	171	195	511	563	441
Provision for Tax	-48	-22	13	60	73	93	92	19	74	168	202	135
Profit After Tax	-99	-50	38	82	150	176	188	151	121	343	362	305
Adjustments	1	3	4	5	-0	2	2	2	12	2	3	18
Profit After Adjustments	-98	-47	42	87	150	177	190	154	133	345	365	323
Adjusted Earnings Per Share	-5.6	-1.9	1.7	3.6	6.2	7.3	7.8	6.3	5.5	14.2	15	13.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	15%	9%	8%
Operating Profit CAGR	4%	22%	11%	16%
PAT CAGR	6%	34%	16%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	20%	26%	22%	27%
ROE Average	19%	16%	16%	1%
ROCE Average	21%	18%	16%	14%

Asahi India Glass Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	90	241	281	354	927	1076	1216	1302	1440	1762	2075
Minority's Interest	-2	-4	-6	-8	-8	-9	-11	-14	-16	-18	-21
Borrowings	612	410	811	672	778	911	1099	1109	1001	867	755
Other Non-Current Liabilities	-76	-98	95	159	72	13	-42	-18	9	85	155
Total Current Liabilities	1619	1650	975	1044	928	1189	1355	1397	1289	1081	1617
Total Liabilities	2243	2199	2157	2221	2696	3180	3617	3776	3722	3777	4580
Fixed Assets	1237	1177	1143	1134	1519	1903	1953	2034	2219	2322	2394
Other Non-Current Assets	88	101	115	174	150	188	534	580	360	228	440
Total Current Assets	918	921	898	913	958	1085	1127	1161	1141	1226	1745
Total Assets	2243	2199	2157	2221	2696	3180	3617	3776	3722	3777	4580

Asahi India Glass Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	17	62	27	32	37	15	16	18	5	56	84
Cash Flow from Operating Activities	111	10	50	230	418	449	424	293	516	586	402
Cash Flow from Investing Activities	-83	-92	-69	-124	-190	-448	-512	-214	-84	-79	-320
Cash Flow from Financing Activities	17	47	24	-100	-249	-1	91	-93	-382	-479	-52
Net Cash Inflow / Outflow	45	-35	4	7	-21	1	3	-14	51	28	29
Closing Cash & Cash Equivalent	62	27	32	38	15	16	18	5	56	84	113

Asahi India Glass Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-5.62	-1.92	1.73	3.58	6.15	7.3	7.82	6.32	5.47	14.18	15.01
CEPS(Rs)	3.18	3.83	6.17	7.88	9.42	11.12	12.62	11.86	10.43	20.67	21.44
DPS(Rs)	0	0	0	0.6	1	1.5	1	1	1	2	2
Book NAV/Share(Rs)	2.3	9.93	11.57	14.56	38.12	44.24	50.01	53.57	59.23	72.5	85.34
Core EBITDA Margin(%)	7.65	9.66	13.35	16.12	16.15	17.31	17.52	16.31	17.95	23.99	19.78
EBIT Margin(%)	1.04	3.84	9.09	11.76	14.28	14.65	14.27	11.98	13.98	19.92	16.62
Pre Tax Margin(%)	-6.71	-3.04	2.21	5.84	8.66	10.03	9.63	6.46	8.07	16.11	14.02
PAT Margin (%)	-4.52	-2.09	1.64	3.37	5.83	6.56	6.46	5.72	5.01	10.81	9
Cash Profit Margin (%)	2.53	3.93	6.47	7.88	8.91	10.09	10.53	10.91	10.47	15.85	12.97
ROA(%)	-4.44	-2.24	1.75	3.75	6.09	5.98	5.54	4.09	3.23	9.14	8.66
ROE(%)	-110.66	-35.3	14.58	25.83	23.38	17.55	16.43	12.01	8.84	21.41	18.85
ROCE(%)	1.36	5.56	12.63	16.95	19.2	17.07	15.66	10.69	11.22	21.29	20.89
Receivable days	47.42	49.09	47.19	40.02	36.03	38.41	37.09	36.64	39.9	29.57	26.46
Inventory Days	80.8	74.97	79.04	77.45	78.3	81.61	81.77	97.57	103.75	78.89	79.2
Payable days	243.75	261.35	189	130.3	142.67	187.7	241.94	261.22	263.9	250.44	194.05
PER(x)	0	0	83.4	42.36	35.26	45.56	33.44	24.61	56.5	30.33	30.13
Price/Book(x)	19.18	5.93	12.46	10.4	5.69	7.51	5.23	2.9	5.22	5.93	5.3
Dividend Yield(%)	0	0	0	0.4	0.46	0.45	0.38	0.64	0.32	0.46	0.44
EV/Net Sales(x)	1.16	1.31	2.33	2.25	2.76	3.58	2.74	2.09	3.71	3.65	3.04
EV/Core EBITDA(x)	12.71	11.97	14.99	12.48	14.61	19.34	15.08	12.45	19.09	14.84	15.08
Net Sales Growth(%)	16.68	10.06	-1.94	5.26	6.17	12.27	10.64	-9.26	-8.4	30.94	26.76
EBIT Growth(%)	-57.2	298.03	131.61	35.7	28.29	6.96	5.91	-23.78	6.9	86.55	5.74
PAT Growth(%)	-48.05	49.8	176.73	115.27	82.48	17.34	7.17	-19.67	-19.83	182.69	5.52
EPS Growth(%)	-49.73	65.74	189.82	106.93	72.01	18.6	7.22	-19.17	-13.43	159.09	5.83
Debt/Equity(x)	38.63	5.78	5.05	3.73	1.32	1.28	1.35	1.35	1.06	0.68	0.65
Current Ratio(x)	0.57	0.56	0.92	0.87	1.03	0.91	0.83	0.83	0.89	1.13	1.08
Quick Ratio(x)	0.27	0.26	0.4	0.38	0.4	0.4	0.32	0.32	0.38	0.47	0.44
Interest Cover(x)	0.13	0.56	1.32	1.99	2.54	3.17	3.07	2.17	2.37	5.22	6.39
Total Debt/Mcap(x)	2.01	0.97	0.4	0.36	0.23	0.17	0.26	0.47	0.2	0.12	0.12

Asahi India Glass Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.24	54.24	54.24	54.24	54.24	54.24	54.24	54.24	54.23	54.23
FII	1.48	1.47	1.63	3.29	3.78	3.79	3.62	3.68	3.7	3.95
DII	1.91	1.93	2.2	1.67	1.68	1.73	1.73	1.84	1.91	1.45
Public	42.37	42.36	41.93	40.81	40.3	40.25	40.42	40.25	40.16	40.38
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.18	13.18	13.18	13.18	13.18	13.18	13.18	13.18	13.18	13.18
FII	0.36	0.36	0.4	0.8	0.92	0.92	0.88	0.89	0.9	0.96
DII	0.46	0.47	0.54	0.41	0.41	0.42	0.42	0.45	0.46	0.35
Public	10.3	10.3	10.19	9.92	9.8	9.78	9.83	9.78	9.76	9.82
Others	0	0	0	0	0	0	0	0	0	0
Total	24.31	24.31	24.31	24.31	24.31	24.31	24.31	24.31	24.31	24.31

Pros

Debtor days have improved from 250.44 to 194.05days.
Company has reduced debt.

Cons

Stock is trading at 6.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Asahi India Glass News

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Asahi India Glass

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Asahi India Glass Research see more...

Overview Inc. Year: 1984Industry: Glass

Asahi India Glass Share Price

Alert Data

Quarterly Price

Peer Comparison

Asahi India Glass Quarterly Results

Asahi India Glass Profit & Loss

Growth Rates

Asahi India Glass Balance Sheet

Asahi India Glass Cash Flow

Asahi India Glass Ratios

Asahi India Glass Shareholding Pattern

Asahi India Glass News

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