Asahi India Glass Ltd logo

Asahi India Glass Ltd

ASAHIINDIA NSE

Key Fundamentals

SmallcapAuto ComponentsAutomobiles
Market Cap
₹23,207 Cr
Volatility
Moderate
P/E Ratio
52.34
EBITDA
₹822 Cr
Return on Equity
13.9%
Debt to Equity
0.56
Book Value
₹154.24
EPS
₹12.43
52W High
₹1,074
52W Low
₹775.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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35 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

3
  • Stock is trading at 5.83 times its book value
  • Company has a low return on equity of 12.8% over last 3 years.
  • Dividend payout has been low at 9.31% of profits over last 3 years

Growth Rate

Revenue Growth
6.04% ↗
Net Income Growth
-6.05% ↘
Cash Flow Change
10.20% ↗
ROE
-0.36% ↘
ROCE
-14.34% ↘
EBITDA Margin (Avg.)
-3.65% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

Asahi India Glass Ltd commands a market cap of ₹23,257 Cr with a PE of 66.4x and trades at 6.01x book value. The company has delivered 10% TTM sales growth and 37% TTM profit growth, though its 3-year ROE averages only 12.8% and dividend payout remains low at 9.31% of profits.

Bull Case 7
  • Strong TTM profit growth of 37% indicates significant earnings recovery and margin expansion in the recent period
  • 5-year compounded profit growth of 23% demonstrates sustained long-term earnings momentum
  • Stock CAGR of 21% over 5 years and 18% over 10 years reflects consistent wealth creation track record
  • 5-year compounded sales growth of 16% shows the company has scaled revenues meaningfully over the medium term
  • TTM sales growth of 10% indicates continued top-line expansion in the current period
  • 5-year average ROE of 15% suggests the business has historically generated reasonable returns on shareholder capital
  • 10-year compounded profit growth of 15% demonstrates the company's ability to compound earnings through multiple cycles
Bear Case 8
  • PE ratio of 66.4x is significantly elevated, demanding high future growth to justify current valuation
  • Stock trades at 6.01x book value, which is expensive for a company with ROE of just 11% in the last year
  • 3-year compounded profit growth of -1% shows earnings stagnated over the medium term before the recent TTM recovery
  • Last year ROE declined to 11% from the 5-year average of 15%, indicating deteriorating capital efficiency
  • Dividend payout of only 9.31% of profits over last 3 years offers minimal cash returns to shareholders with yield at just 0.22%
  • 3-year compounded sales growth of only 7% suggests top-line momentum slowed considerably compared to the 5-year 16% CAGR
  • 3-year ROE average of 12.8% is below cost of equity for most investors, questioning value creation at current multiples
  • 10-year sales CAGR of only 8% indicates the underlying business growth rate is modest relative to the premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15h ago
Positives 1
  • Q1FY27 net profit surges 184% Aug 6

    Asahi India Glass reported a 184% YoY net profit surge to ₹151.45 crore in Q1FY27, with revenue rising 14.5% to ₹1,320.11 crore driven by strong segment performance.

TL;DR: Asahi India Glass delivered a standout Q1FY27 with sharp profit growth and double-digit revenue expansion, signaling strong operational leverage and demand across segments. No visible headwinds from the latest news flow. The trend appears firmly positive heading into the rest of FY27, though sustaining 184% profit growth will require continued volume and margin tailwinds.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,089
1,120
1,044
1,105
1,133
1,158
1,124
1,180
1,229
1,151
1,256
1,354
1,413
Expenses
880
934
880
927
951
945
949
983
1,036
963
1,005
1,067
1,089
Operating Profit
209
186
163
178
181
213
175
197
192
188
250
287
325
OPM %
19%
17%
16%
16%
16%
18%
16%
17%
16%
16%
20%
21%
23%
Other Income
7
8
2
2
5
7
46
9
11
11
-2
10
6
Interest
34
34
34
33
32
31
32
33
59
59
43
42
47
Depreciation
41
43
46
48
47
48
49
49
68
69
73
75
81
PBT
141
117
85
100
107
141
140
124
76
71
133
180
203
Tax %
27%
26%
26%
27%
28%
33%
26%
26%
28%
18%
25%
26%
26%
Net Profit
103
86
63
73
77
95
105
92
55
58
99
133
149
EPS in Rs
4.27
3.57
2.61
3.04
3.21
3.93
4.34
3.8
2.31
2.22
3.9
5.2
5.85
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,099
2,209
2,345
2,633
2,913
2,643
2,421
3,170
4,019
4,341
4,594
4,990
5,175
Expenses
1,789
1,816
1,930
2,169
2,403
2,209
1,987
2,410
3,224
3,617
3,828
4,072
4,125
Operating Profit
309
393
415
464
510
435
435
761
795
724
766
918
1,050
OPM %
15%
18%
18%
18%
18%
16%
18%
24%
20%
17%
17%
18%
20%
Other Income
13
3
31
23
24
19
46
31
33
32
67
29
25
Interest
160
144
144
124
135
146
143
121
105
136
128
204
191
Depreciation
112
110
79
95
119
137
132
160
160
177
192
285
298
PBT
51
142
223
269
280
171
205
511
563
443
513
459
586
Tax %
26%
42%
33%
35%
33%
11%
36%
33%
36%
27%
28%
25%
—
Net Profit
40
85
150
176
188
151
131
343
362
325
367
345
439
EPS in Rs
1.73
3.58
6.15
7.3
7.82
6.32
5.47
14.18
15.01
13.49
15.27
13.52
17.17
Div. Payout %
0%
17%
16%
21%
13%
16%
18%
14%
13%
15%
13%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24
24
24
24
24
24
24
24
24
24
24
25
Reserves
257
330
902
1,051
1,191
1,278
1,415
1,738
2,050
2,329
2,645
3,907
Borrowings
1,419
1,319
1,221
1,373
1,643
1,762
1,566
1,238
1,401
1,968
2,696
2,198
Other Liabilities
560
598
682
833
831
799
768
776
1,104
1,179
1,425
1,642
Total Liabilities
2,260
2,272
2,830
3,281
3,689
3,863
3,773
3,777
4,580
5,500
6,790
7,772
Fixed Assets
1,143
1,134
1,588
1,907
1,956
2,035
2,221
2,323
2,395
2,616
4,046
4,532
CWIP
41
65
85
114
453
489
262
91
235
826
562
445
Investments
16
19
27
42
48
55
69
85
112
85
50
78
Other Assets
1,060
1,054
1,129
1,218
1,232
1,284
1,222
1,278
1,839
1,972
2,132
2,718
Total Assets
2,260
2,272
2,830
3,281
3,689
3,863
3,773
3,777
4,580
5,500
6,790
7,772
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
50
230
418
449
424
293
516
586
402
653
720
502
Investing
-69
-124
-190
-448
-512
-214
-84
-79
-320
-924
-1,191
-665
Financing
24
-100
-249
-1
91
-93
-382
-479
-52
330
458
245
Net Cash Flow
4
7
-21
1
3
-14
51
28
29
59
-13
82
Free Cash Flow
-21
105
232
13
-80
90
433
509
92
-244
-536
-139
CFO/OP
20
74
118
117
101
71
136
99
76
106
113
67
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
46
44
38
45
34
36
40
28
31
30
35
37
Inventory Days
250
236
252
240
273
310
284
285
271
221
243
302
Days Payable
139
132
161
230
252
248
277
246
225
190
219
219
Cash Conversion Cycle
158
148
129
56
55
98
47
67
77
61
60
120
Working Capital Days
-19
-28
2
-17
-31
-35
-31
7
1
-11
-1
33
ROCE %
12%
17%
19%
17%
16%
11%
11%
21%
21%
15%
12%
12%

Shareholding Pattern

As of Jun 2026
Promoters 51.57%
Public 19.26%
Others 19.05%
DIIs 5.26%
FIIs 4.86%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
54.27%
54.27%
54.24%
54.24%
54.24%
54.24%
54.23%
54.23%
54.24%
54.24%
54.24%
54.23%
54.23%
54.23%
54.23%
54.23%
54.20%
54.09%
51.57%
51.57%
51.57%
51.57%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.71%
3.95%
3.94%
4.01%
4.19%
4.16%
3.73%
4.87%
4.88%
4.85%
4.86%
DIIs
0.67%
0.69%
0.72%
1.40%
1.43%
1.71%
1.63%
1.68%
1.73%
1.73%
1.83%
1.91%
1.45%
1.48%
1.55%
1.62%
1.64%
1.78%
5.17%
5.26%
5.36%
5.26%
Government
0.38%
0.38%
0.38%
0.38%
0.38%
0.38%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.25%
22.31%
22.30%
21.81%
21.94%
21.59%
20.62%
20.27%
20.19%
20.29%
20.10%
20.00%
20.03%
19.88%
19.78%
19.61%
19.57%
20.35%
18.78%
18.65%
19.24%
19.26%
Others
22.44%
22.35%
22.35%
22.18%
22.00%
22.09%
23.52%
23.81%
23.84%
23.74%
23.83%
20.15%
20.35%
20.47%
20.42%
20.35%
20.43%
20.04%
19.61%
19.65%
18.99%
19.05%
No. of Shareholders
40,271
42,320
42,381
46,957
51,945
53,158
57,158
58,713
58,716
61,232
62,825
59,970
63,465
60,227
62,836
63,200
65,564
63,611
64,209
66,692
64,539
64,157

Documents

Frequently Asked Questions about Asahi India Glass Ltd

What does Asahi India Glass Ltd do?
Asahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Ud...
Where is Asahi India Glass Ltd (ASAHIINDIA) listed?
Asahi India Glass Ltd is listed on the Indian stock exchanges. It is listed on NSE: ASAHIINDIA and BSE: 515030. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Asahi India Glass Ltd belong to?
Asahi India Glass Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Asahi India Glass Ltd?
Asahi India Glass Ltd has a market capitalisation of approximately ₹23207.30 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Asahi India Glass Ltd?
The Price-to-Earnings (PE) ratio of Asahi India Glass Ltd is 52.34. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Asahi India Glass Ltd?
Over the past 52 weeks, Asahi India Glass Ltd has traded between a low of ₹775.1 and a high of ₹1,074. This range helps investors understand the stock's price volatility and recent trading levels.
Does Asahi India Glass Ltd pay dividends?
Yes, Asahi India Glass Ltd has a dividend yield of 0.22%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Asahi India Glass Ltd?
Asahi India Glass Ltd has a Return on Equity (ROE) of 13.90%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Asahi India Glass Ltd on Tapetide?
On Tapetide, you can view Asahi India Glass Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Asahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd). AIS provides end to end solutions in the entire glass value chain - from the manufacturing of float glass, processing, fabrication to installation services. As a sand-to-solutions company, AIS offers varied types of glass products and services to its customers in India and across the globe. [1]

Website aisglass.com
CEO Mr. Sanjay Mohan Labroo
Employees 2,803
Listed 1998-03-18
Face Value ₹ 1
Issued Size 25,49,27,192

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