---
title: "IAG Glass Company Ltd (INDOASAHI) — Share Price, Financials & Analysis"
symbol: "INDOASAHI"
company: "IAG Glass Company Ltd"
canonical: "https://tapetide.com/stocks/INDOASAHI"
generated_at: "2026-10-13T11:01:46.169Z"
---

# IAG Glass Company Ltd (INDOASAHI)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** iagcompany.in

## About

IAG Glass Company Ltd. manufactures and sells various glass products.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 32% | -13% | -5% |
| revenue growth | -100% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2013 | Sep 2013 | Dec 2013 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0.07 | 2.55 | 0 | 0 | 2.5 | 2.51 | 0.2 | 0 | 0 |
| Expenses | 0 | 0.78 | 9.96 | 0.25 | 0.46 | 3.88 | 3.31 | 1.07 | 0.07 | 0.09 |
| Operating Profit | 0 | -0.71 | -7.41 | -0.25 | -0.46 | -1.38 | -0.8 | -0.87 | -0.07 | -0.09 |
| OPM % | — | -1014.29 | -290.59 | — | — | -55.2 | -31.87 | -435 | — | — |
| Other Income | 0 | -0.04 | 0.42 | 0 | 0 | 0.02 | 0.01 | 0.31 | 0 | 0 |
| Interest | 0 | 3.33 | 3.4 | 5.9 | 5.92 | 5.92 | 5.93 | 4.85 | 4.85 | 4.85 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -4.08 | -10.39 | -6.15 | -6.38 | -7.28 | -6.72 | -5.41 | -4.92 | -4.94 |
| Tax % | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0 | -4.08 | -10.39 | -6.15 | -6.38 | -7.28 | -6.72 | -5.41 | -4.92 | -4.94 |
| EPS in Rs | 0 | -6.34 | -16.14 | -9.55 | -9.91 | -11.31 | -10.44 | -8.4 | -7.64 | -7.67 |

### Profit & Loss

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12 | 79 | 56 | 0 | 0 | 8 | 3 | 5 | 0 | 0 |
| Expenses | 25 | 91 | 99 | 0 | 0 | 28 | 9 | 8 | 1 | 0 |
| Operating Profit | -13 | -12 | -42 | 0 | 0 | -20 | -5 | -3 | -1 | 0 |
| OPM % | -103 | -15 | -76 | — | — | -242 | -168 | -58 | -560 | — |
| Other Income | 42 | 22 | 39 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 5 | 6 | 8 | 11 | 12 | 5 | 24 | 19 | 14 |
| Depreciation | 2 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 25 | 2 | -12 | -7 | -11 | -31 | -11 | -27 | -20 | -13 |
| Tax % | 66 | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 8 | 1 | -12 | -7 | -11 | -31 | -11 | -27 | -20 | -13 |
| EPS in Rs | 12.98 | 1.74 | -18.85 | -10.76 | -17.24 | -48.76 | -16.73 | -41.2 | -31.4 | -20.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 19 | 20 | -4 | -11 | -22 | -53 | -64 | -91 | -111 | -124 |
| Borrowings | 42 | 75 | 82 | 90 | 101 | 118 | 88 | 92 | 90 | 90 |
| Other Liabilities | 30 | 74 | 73 | 77 | 70 | 76 | 118 | 130 | 150 | 164 |
| Total Liabilities | 98 | 176 | 158 | 163 | 156 | 147 | 148 | 138 | 136 | 136 |
| Fixed Assets | 68 | 86 | 71 | 70 | 70 | 70 | 70 | 70 | 70 | 70 |
| CWIP | 4 | 9 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 25 | 81 | 76 | 83 | 76 | 66 | 68 | 58 | 56 | 56 |
| Total Assets | 98 | 176 | 158 | 163 | 156 | 147 | 148 | 138 | 136 | 136 |

### Cash Flow

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 17 | -7 | -17 | 0 | 0 | 8 | 4 | 24 | 19 | 13 |
| Cash from Investing Activity | -38 | -26 | 10 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 22 | 33 | 7 | -1 | 0 | -7 | -5 | -24 | -19 | -13 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -22 | -33 | -7 | 1 | 0 | 8 | 4 | 24 | 19 | 13 |
| CFO/OP | -131 | 58 | 41 | 147 | -30 | -39 | -81 | -820 | -1729 | -7172 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103 | 180 | 298 | — | — | 1291 | 2933 | 1518 | — | — |
| Inventory Days | — | 106 | 143 | — | — | 1267 | 15508 | 844 | — | — |
| Days Payable | — | 312 | 570 | — | — | 2684 | 44586 | 3447 | — | — |
| Cash Conversion Cycle | 103 | -26 | -128 | — | — | -126 | -26145 | -1085 | — | — |
| Working Capital Days | -22 | 52 | 57 | — | — | -3775 | -12091 | -9781 | — | — |
| ROCE % | 27 | 7 | -23 | 0 | 0 | -25 | -11 | -15 | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- |
| Promoters | 32.36% | 32.36% | 32.36% |
| DIIs | 0.71% | 0.71% | 0.71% |
| Public | 66.92% | 66.92% | 66.92% |
| No. of Shareholders | 9321 | 9265 | 9266 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.36% | 32.36% | 32.36% | 32.36% | 32.36% | 32.36% | 32.36% | 32.36% | 32.36% |
| DIIs | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Public | 66.92% | 66.92% | 66.92% | 66.92% | 66.92% | 66.92% | 66.92% | 66.92% | 66.92% |
| No. of Shareholders | 9309 | 9322 | 9324 | 9321 | 9320 | 9324 | 9246 | 9265 | 9266 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 22.35 | Buy |
| EMA (10) | 22.66 | Buy |
| SMA (20) | 21.95 | Buy |
| EMA (20) | 22.32 | Buy |
| SMA (50) | 22.53 | Buy |
| EMA (50) | 22.64 | Buy |
| SMA (100) | 24.08 | Sell |
| EMA (100) | 22.86 | Buy |
| SMA (200) | 22.12 | Buy |
| EMA (200) | 23.18 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.18 | Neutral |
| MACD (12,26,9) | 0.23 | Buy |
| Stochastic (14,3,3) | 63.26 | Neutral |
| ADX (14) | 14.51 | Neutral |
| Williams %R (14) | -36.34 | Neutral |
| ATR (14) | 1.74 | High Volatility |
| ROC (12) | 6.95 | Buy |
| Stoch RSI (14) | 79.61 | Neutral |
| UO (7,14,28) | 66.34 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27f6b042-3a06-4065-835b-309d43e77b99.pdf) |
| 2018-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/27f6b042-3a06-4065-835b-309d43e77b99.pdf) |
| 2018-08-24 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac3c56e2-c6c6-4ba1-9970-143ff14b41bf.pdf) |
| 2018-08-24 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/ac3c56e2-c6c6-4ba1-9970-143ff14b41bf.pdf) |
| 2018-07-25 | [FINANCIAL RESULT FOR THE YEAR ENDED 31/03/2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc89cd15-97b6-48c7-b32f-1c52b338e6e8.pdf) |
| 2018-07-25 | [FINANCIAL RESULT FOR THE YEAR ENDED 31/03/2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/7/bc89cd15-97b6-48c7-b32f-1c52b338e6e8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/502241/5022410310.pdf) |

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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 2026-10-13T11:01:46.169Z.