Sharescart Research Club logo

Asahi India Glass Overview

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 ...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Asahi India Glass Key Financials

Market Cap ₹20945 Cr.

Stock P/E 57

P/B 5.5

Current Price ₹821.6

Book Value ₹ 149.1

Face Value 1

52W High ₹1073

Dividend Yield 0.24%

52W Low ₹ 579.3

Asahi India Glass Share Price

₹ | |

Volume
Price

Asahi India Glass Quarterly Price

Show Value Show %

Asahi India Glass Peer Comparison

Asahi India Glass Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1120 1044 1105 1133 1158 1124 1180 1229 1151 1256
Other Income 3 2 2 3 6 14 9 11 11 10
Total Income 1123 1045 1107 1136 1163 1139 1189 1240 1162 1266
Total Expenditure 934 880 925 951 945 949 983 1036 963 1005
Operating Profit 189 165 183 185 218 190 206 203 199 261
Interest 34 34 33 32 31 32 33 59 59 43
Depreciation 43 46 48 47 48 49 49 68 69 73
Exceptional Income / Expenses 0 0 0 0 0 32 0 0 0 -12
Profit Before Tax 111 85 102 106 139 141 124 76 71 133
Provision for Tax 30 23 27 30 46 36 33 21 12 33
Profit After Tax 81 62 75 75 93 105 91 55 58 100
Adjustments 6 1 -1 3 2 0 1 1 -2 -0
Profit After Adjustments 87 63 74 78 95 105 92 56 57 100
Adjusted Earnings Per Share 3.6 2.6 3 3.2 3.9 4.3 3.8 2.3 2.2 3.9

Asahi India Glass Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2099 2209 2345 2633 2913 2643 2421 3170 4019 4341 4594 4816
Other Income 17 6 29 24 19 13 36 19 16 25 32 41
Total Income 2116 2214 2374 2657 2932 2656 2457 3190 4035 4366 4626 4857
Total Expenditure 1789 1817 1930 2169 2403 2212 1987 2410 3224 3619 3828 3987
Operating Profit 326 398 444 488 529 444 471 780 811 747 798 869
Interest 160 144 144 124 135 146 143 121 105 136 128 194
Depreciation 112 110 79 95 119 137 132 160 160 177 192 259
Exceptional Income / Expenses -4 -2 -2 -5 -3 0 0 0 0 0 32 -12
Profit Before Tax 51 142 223 269 280 171 205 511 563 443 513 404
Provision for Tax 13 60 73 93 92 19 74 168 202 118 145 99
Profit After Tax 38 82 150 176 188 151 131 343 362 325 367 304
Adjustments 4 5 -0 2 2 2 2 2 3 3 4 0
Profit After Adjustments 42 87 150 177 190 154 133 345 365 328 371 305
Adjusted Earnings Per Share 1.7 3.6 6.2 7.3 7.8 6.3 5.5 14.2 15 13.5 15.3 12.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 13% 12% 8%
Operating Profit CAGR 7% 1% 12% 9%
PAT CAGR 13% 2% 19% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 33% 21% 22% 18%
ROE Average 15% 16% 16% 17%
ROCE Average 14% 17% 16% 16%

Asahi India Glass Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 281 354 927 1076 1216 1302 1440 1762 2075 2353 2669
Minority's Interest -6 -8 -8 -9 -11 -14 -16 -18 -21 -23 -27
Borrowings 811 672 778 911 1099 1109 1001 867 755 1281 1972
Other Non-Current Liabilities 95 159 72 13 -42 -18 9 85 155 194 309
Total Current Liabilities 975 1044 928 1189 1355 1397 1289 1081 1617 1694 1866
Total Liabilities 2157 2221 2696 3180 3617 3776 3722 3777 4580 5500 6790
Fixed Assets 1073 1064 1519 1903 1953 2034 2219 2322 2394 2615 4045
Other Non-Current Assets 115 174 150 188 534 580 360 228 440 1141 729
Total Current Assets 898 913 958 1085 1127 1161 1141 1226 1745 1743 2015
Total Assets 2157 2221 2696 3180 3617 3776 3722 3777 4580 5500 6790

Asahi India Glass Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 27 32 37 15 16 18 5 56 84 113 172
Cash Flow from Operating Activities 50 230 418 449 424 293 516 586 402 653 720
Cash Flow from Investing Activities -69 -124 -190 -448 -512 -214 -84 -79 -320 -924 -1191
Cash Flow from Financing Activities 24 -100 -249 -1 91 -93 -382 -479 -52 330 458
Net Cash Inflow / Outflow 4 7 -21 1 3 -14 51 28 29 59 -13
Closing Cash & Cash Equivalent 32 38 15 16 18 5 56 84 113 172 159

Asahi India Glass Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.73 3.58 6.15 7.3 7.82 6.32 5.47 14.18 15.01 13.49 15.27
CEPS(Rs) 6.17 7.88 9.42 11.12 12.62 11.86 10.82 20.67 21.44 20.65 22.99
DPS(Rs) 0 0.6 1 1.5 1 1 1 2 2 2 2
Book NAV/Share(Rs) 11.57 14.56 38.12 44.24 50.01 53.57 59.23 72.5 85.34 96.81 109.79
Core EBITDA Margin(%) 13.35 16.12 16.15 17.31 17.52 16.31 17.95 23.99 19.78 16.63 16.67
EBIT Margin(%) 9.09 11.76 14.28 14.65 14.27 11.98 14.37 19.92 16.62 13.33 13.95
Pre Tax Margin(%) 2.21 5.84 8.66 10.03 9.63 6.46 8.46 16.11 14.02 10.2 11.16
PAT Margin (%) 1.64 3.37 5.83 6.56 6.46 5.72 5.4 10.81 9 7.49 7.99
Cash Profit Margin (%) 6.47 7.88 8.91 10.09 10.53 10.91 10.86 15.85 12.97 11.56 12.16
ROA(%) 1.75 3.75 6.09 5.98 5.54 4.09 3.49 9.14 8.66 6.45 5.98
ROE(%) 14.58 25.83 23.38 17.55 16.43 12.01 9.53 21.41 18.85 14.68 14.63
ROCE(%) 12.63 16.95 19.2 17.07 15.66 10.69 11.54 21.29 20.89 15.1 13.59
Receivable days 47.19 40.02 36.03 38.41 37.09 36.64 39.9 29.57 26.46 29.04 31.59
Inventory Days 79.04 77.45 78.3 81.61 81.77 97.57 103.75 78.89 79.2 85.02 83.96
Payable days 189 130.3 142.67 187.7 241.94 261.22 263.9 250.44 194.05 189.69 202.28
PER(x) 83.4 42.36 35.26 45.56 33.44 24.61 56.5 30.33 30.13 39.66 39.43
Price/Book(x) 12.46 10.4 5.69 7.51 5.23 2.9 5.22 5.93 5.3 5.53 5.49
Dividend Yield(%) 0 0.4 0.46 0.45 0.38 0.64 0.32 0.47 0.44 0.37 0.33
EV/Net Sales(x) 2.33 2.25 2.76 3.58 2.74 2.09 3.71 3.65 3.04 3.39 3.7
EV/Core EBITDA(x) 14.99 12.48 14.61 19.34 15.08 12.45 19.09 14.84 15.08 19.68 21.31
Net Sales Growth(%) -1.94 5.26 6.17 12.27 10.64 -9.26 -8.4 30.94 26.76 8.01 5.84
EBIT Growth(%) 131.61 35.7 28.29 6.96 5.91 -23.78 9.87 81.51 5.74 -13.4 10.82
PAT Growth(%) 176.73 115.27 82.48 17.34 7.17 -19.67 -13.61 162.33 5.52 -10.13 13
EPS Growth(%) 189.82 106.93 72.01 18.6 7.22 -19.17 -13.43 159.1 5.83 -10.11 13.2
Debt/Equity(x) 5.05 3.73 1.32 1.28 1.35 1.35 1.06 0.68 0.65 0.8 0.95
Current Ratio(x) 0.92 0.87 1.03 0.91 0.83 0.83 0.89 1.13 1.08 1.03 1.08
Quick Ratio(x) 0.4 0.38 0.4 0.4 0.32 0.32 0.38 0.47 0.44 0.44 0.48
Interest Cover(x) 1.32 1.99 2.54 3.17 3.07 2.17 2.43 5.22 6.39 4.26 5
Total Debt/Mcap(x) 0.41 0.36 0.23 0.17 0.26 0.47 0.2 0.12 0.12 0.14 0.17

Asahi India Glass Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 54.24 54.23 54.23 54.23 54.23 54.23 54.2 54.09 51.57 51.57
FII 3.68 3.7 3.95 3.94 4.01 4.19 4.16 3.73 4.87 4.87
DII 1.84 1.91 1.45 1.48 1.55 1.62 1.64 1.78 5.17 5.25
Public 40.25 40.16 40.38 40.35 40.21 39.96 40.01 40.39 38.39 38.3
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Asahi India Glass News

Asahi India Glass Pros & Cons

Pros

Cons

  • Debtor days have increased from 189.69 to 202.28days.
  • Stock is trading at 5.5 times its book value.
whatsapp