---
title: "Agarwal Toughened Glass India Ltd (AGARWALTUF) — Share Price, Financials & Analysis"
symbol: "AGARWALTUF"
company: "Agarwal Toughened Glass India Ltd"
canonical: "https://tapetide.com/stocks/AGARWALTUF"
isin: "INE0P8X01016"
nse_symbol: "AGARWALTUF"
sector: "Industrial Products"
industry: "Glass - Industrial"
market_cap_cr: 268.65
generated_at: "2026-09-13T19:41:25.302Z"
---

# Agarwal Toughened Glass India Ltd (AGARWALTUF)

Canonical page: https://tapetide.com/stocks/AGARWALTUF

## Company

- **NSE Symbol:** AGARWALTUF
- **ISIN:** INE0P8X01016
- **Sector:** Industrial Products
- **Industry:** Glass - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-12-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** agarwaltuff.com

## About

Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses for various industries.[1]

## Latest Price

- **Price:** ₹149.8
- **Change:** -2.5 (-1.64%)
- **Open:** ₹146.8
- **Day High:** ₹149.8
- **Day Low:** ₹146.15
- **Previous Close:** ₹152.3
- **Volume:** 6000
- **As Of:** 2026-09-11T09:29:09+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:56.837018Z.

- **Market Cap:** ₹268.65 Cr
- **Classification:** SME
- **P/E (reported):** 12.5
- **Book Value:** ₹65.53
- **Price to Book:** 2.32
- **Dividend Yield:** 0%
- **ROE:** 16.1%
- **ROCE:** 19.9%
- **Debt to Equity:** 0.22
- **Revenue (yearly):** ₹94.92 Cr
- **Net Income:** ₹21.93 Cr
- **EBITDA:** ₹28.06 Cr
- **52-Week High:** ₹174.05
- **52-Week Low:** ₹81
- **RSI (14):** 61.28

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 78.54 | 9% |
| growth | 98.59 | 9% |
| momentum | 94.86 | 12% |
| ownership | 15.07 | 24% |
| quality | 72.64 | 22% |
| valuation | 52.32 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 161% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.77%
- Company might be capitalizing the interest cost
- Working capital days have increased from 202 days to 293 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 30.09% | 568.18% | — |
| ebitda margin growth | -29.28% | -28.51% | 98.3% |
| net income growth | 44.28% | 181% | 161% |
| revenue growth | 62.81% | 33% | 34% |
| roce | -59.05% | 34.46% | 21.52% |
| roe | -69.22% | 27.04% | -593.87% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 22 | 33 | 46 | 49 |
| Expenses | 15 | 20 | 31 | 35 |
| Operating Profit | 7 | 13 | 14 | 14 |
| OPM % | 31 | 40 | 32 | 28 |
| Other Income | 1 | 2 | 3 | 2 |
| Interest | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 12 | 15 | 14 |
| Tax % | 25 | 14 | 20 | 35 |
| Net Profit | 5 | 11 | 12 | 9 |
| EPS in Rs | 3.82 | 6.01 | 6.94 | 5.28 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 33 | 40 | 38 | 55 | 95 |
| Expenses | 19 | 30 | 35 | 25 | 35 | 67 |
| Operating Profit | 2 | 4 | 5 | 14 | 20 | 28 |
| OPM % | 11 | 11 | 12 | 36 | 36 | 30 |
| Other Income | 1 | 1 | 1 | 2 | 3 | 5 |
| Interest | 2 | 2 | 2 | 3 | 3 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | 1 | 12 | 18 | 30 |
| Tax % | 149 | 25 | 28 | 26 | 18 | 27 |
| Net Profit | 0 | 0 | 1 | 9 | 15 | 22 |
| EPS in Rs | -0.38 | 1.05 | 2.04 | 7.23 | 8.58 | 12.22 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 12 | 18 | 18 |
| Reserves | 1 | 2 | 3 | 5 | 77 | 98 |
| Borrowings | 23 | 26 | 29 | 29 | 34 | 25 |
| Other Liabilities | 6 | 3 | 4 | 6 | 4 | 8 |
| Total Liabilities | 35 | 36 | 41 | 52 | 132 | 148 |
| Fixed Assets | 14 | 17 | 16 | 15 | 24 | 23 |
| CWIP | 5 | 0 | 2 | 7 | 9 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 17 | 19 | 23 | 30 | 99 | 112 |
| Total Assets | 35 | 36 | 41 | 52 | 132 | 148 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -1 | 2 | 11 | 15 | -8 |
| Cash from Investing Activity | -6 | -1 | -2 | -5 | -14 | -5 |
| Cash from Financing Activity | 4 | 1 | 0 | -2 | 67 | -10 |
| Net Cash Flow | -1 | 0 | 1 | 4 | 68 | -23 |
| Free Cash Flow | -5 | -1 | 0 | 6 | 1 | -14 |
| CFO/OP | 28 | -7 | 52 | 85 | 92 | -30 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 102 | 82 | 82 | 102 | 120 | 133 |
| Inventory Days | 198 | 136 | 129 | 303 | 224 | 192 |
| Days Payable | 89 | 20 | 20 | 36 | 13 | 4 |
| Cash Conversion Cycle | 212 | 198 | 191 | 370 | 331 | 321 |
| Working Capital Days | 20 | 40 | 42 | 60 | 251 | 293 |
| ROCE % | — | 9 | 11 | 35 | 24 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 95.17% | 63.94% | 63.94% | 63.94% | 63.94% | 64.16% |
| FIIs | 0% | 3.82% | 2.39% | 1.77% | 1.49% | 1.13% |
| DIIs | 0% | 0.23% | 0% | 0% | 5.77% | 5.77% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 19.74% | 20.87% | 21.9% | 21.97% | 20.57% |
| Others | 4.83% | 12.27% | 12.8% | 12.39% | 6.84% | 8.36% |
| No. of Shareholders | 8 | 58 | 986 | 905 | 1106 | 1093 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 7 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 144.34 | Buy |
| EMA (10) | 147.21 | Buy |
| SMA (20) | 142.98 | Buy |
| EMA (20) | 144.54 | Buy |
| SMA (50) | 141.87 | Buy |
| EMA (50) | 140.06 | Buy |
| SMA (100) | 132.77 | Buy |
| EMA (100) | 133.46 | Buy |
| SMA (200) | 120.37 | Buy |
| EMA (200) | 127.21 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.79 | Neutral |
| MACD (12,26,9) | 2.84 | Buy |
| Stochastic (14,3,3) | 68.74 | Neutral |
| ADX (14) | 23 | Neutral |
| Williams %R (14) | -40 | Neutral |
| ATR (14) | 5.6 | High Volatility |
| ROC (12) | 5.68 | Buy |
| Stoch RSI (14) | 70.63 | Neutral |
| UO (7,14,28) | 55.98 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 December 2025 - Ms Varsha Sethi appointed Company Secretary & Compliance Officer effective 08-12-2025. | [Change in Company Secretary/Compliance Officer 8 December 2025 - Ms Varsha Sethi appointed Company Secretary & Compliance Officer effective 08-12-2025.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_08122025170445_REG_30_08122025__cs_appointment.pdf) |
| 7 May 2026 - Shareholders approved preferential issue of 17.46 lakh equity shares and 46.80 lakh warrants at ₹109, totaling ₹70.04 crore. | [Preferential issue 7 May 2026 - Shareholders approved preferential issue of 17.46 lakh equity shares and 46.80 lakh warrants at ₹109, totaling ₹70.04 crore.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_07052026162930_Prefrential_Issue_-Reg_30.pdf) |
| 7 May 2026 - EGM approved preferential issue of equity shares and warrants on May 6, 2026. | [Shareholders meeting 7 May 2026 - EGM approved preferential issue of equity shares and warrants on May 6, 2026.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_07052026145605_Tuff_Final_Scrutinizer_voting_results_egm__1_.pdf) |
| 7 Jul - Filed Regulation 74(5) compliance certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Filed Regulation 74(5) compliance certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_07072026161728_Agarwal_tuff_Reg74_JUNE2026_SIGNED.pdf) |
| 6 May 2026 - EOGM on 6 May 2026 approved preferential issue of equity shares and warrants. | [Shareholders meeting 6 May 2026 - EOGM on 6 May 2026 approved preferential issue of equity shares and warrants.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_06052026162809_Final_PROCEEDINGS_egm_2026.pdf) |
| 6 January 2026 - KFIN RTA certified SEBI Reg 74(5) compliance for quarter ended 31-Dec-2025, dated 01-01-2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - KFIN RTA certified SEBI Reg 74(5) compliance for quarter ended 31-Dec-2025, dated 01-01-2026.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_06012026133132_Reg_74_Tuff_Dec2025_signed.pdf) |
| 6 April 2026 - Board approved ₹70.04 crore preferential allotment of equity shares and warrants; EOGM on May 6, 2026. | [Outcome of Board Meeting 6 April 2026 - Board approved ₹70.04 crore preferential allotment of equity shares and warrants; EOGM on May 6, 2026.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_06042026224307_Outcome_pref__1_.pdf) |
| 4 Aug - Q1 FY27 revenue rose 22.86% to ₹34.40 Cr; completed ₹68.04 Cr preferential issue and won ₹6.11 Cr orders. | [Updates 4 Aug - Q1 FY27 revenue rose 22.86% to ₹34.40 Cr; completed ₹68.04 Cr preferential issue and won ₹6.11 Cr orders.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_04082026184948_Final_04082026_BusinessUpdate.pdf) |
| 30 June 2026 - Submitted SDD compliance certificate for 05-Dec-2024 to 30-Jun-2026 after NSE non-compliance email. | [Structural Digital Database 30 June 2026 - Submitted SDD compliance certificate for 05-Dec-2024 to 30-Jun-2026 after NSE non-compliance email.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_30062026151501_SIGNED_covering_sdd_report_tuff.pdf) |
| 3 Sep - 17th AGM on 25 Sep 2026; annual report issued, auditor appointment and related party transactions proposed. | [Shareholders meeting 3 Sep - 17th AGM on 25 Sep 2026; annual report issued, auditor appointment and related party transactions proposed.](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_03092026164821_Tuff_Final_Notice_AR.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31234_AGARWALTUF_2025_2026_A_4454591_03092026165415.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28786_AGARWALTUF_2024_2025_A_4011963_06092025173302.pdf) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1280_SPIC_2012_2013_29082013145253.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SPIC_2011_2012_17092012084639.zip) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/94816590030.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/75182590030.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/71643590030.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2018/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2018.PDF) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2017.PDF) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2016.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/AGARWALTOUGHENED_05062025114141_Transcript_Earnings_call30052025.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:41:25.302Z.