Agarwal Toughened Glass India Ltd
Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses for various industries.[1]
- Market Cap ₹ 209 Cr.
- Current Price ₹ 118
- High / Low ₹ 174 / 81.0
- Stock P/E 9.67
- Book Value ₹ 65.5
- Dividend Yield 0.00 %
- ROCE 23.0 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- 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%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 202 days to 293 days
* 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.
Peer comparison
Industrials Capital Goods Industrial Products Glass - Industrial
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 22 | 33 | 40 | 38 | 55 | 95 | |
| 19 | 30 | 35 | 25 | 35 | 67 | |
| Operating Profit | 2 | 4 | 5 | 14 | 20 | 28 |
| OPM % | 11% | 11% | 12% | 36% | 36% | 30% |
| 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% |
| -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% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 33% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 161% |
| 3 Years: | 181% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 26% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| 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 |
| 23 | 26 | 29 | 29 | 34 | 25 | |
| 6 | 3 | 4 | 6 | 4 | 8 | |
| Total Liabilities | 35 | 36 | 41 | 52 | 132 | 148 |
| 14 | 17 | 16 | 15 | 24 | 23 | |
| CWIP | 5 | 0 | 2 | 7 | 9 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 | 19 | 23 | 30 | 99 | 112 | |
| Total Assets | 35 | 36 | 41 | 52 | 132 | 148 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | -1 | 2 | 11 | 15 | ||
| -6 | -1 | -2 | -5 | -14 | ||
| 4 | 1 | 0 | -2 | 67 | ||
| Net Cash Flow | -1 | -0 | 1 | 4 | 68 | |
| Free Cash Flow | -5 | -1 | 0 | 6 | 1 | |
| CFO/OP | 28% | -7% | 52% | 85% | 92% |
Ratios
Figures in Rs. Crores
| 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% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Total Employee Count Number |
|
|
| Capacity Utilization - Insulated Glass Units (Unit 1) % |
||
| Capacity Utilization - Toughened Glass (Unit 1) % |
||
| Capacity Utilization - Toughened Glass (Unit 2) % |
||
| Installed Capacity - Insulated Glass Units (Unit 1) SQM |
||
| Installed Capacity - Insulated Glass Units (Unit 2) SQM |
||
| Installed Capacity - Toughened Glass (Unit 1) SQM |
||
| Installed Capacity - Toughened Glass (Unit 2) SQM |
||
| Manufacturing Facility Count Number |
||
| Order Book INR Cr |
||
| Owned Fleet Number |
||
Extracted by Screener AI
Documents
Announcements
-
Updates
28 May 2026 - Submitted auditors’ certificate of IPO fund utilization for 01.04.2025 to 31.03.2026.
-
Outcome of Board Meeting
28 May 2026 - Board approved audited FY26 and H1 results; auditors issued unmodified opinion and certified IPO fund utilisation.
-
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.
-
Shareholders meeting
7 May 2026 - EGM approved preferential issue of equity shares and warrants on May 6, 2026.
-
Shareholders meeting
6 May 2026 - EOGM on 6 May 2026 approved preferential issue of equity shares and warrants.
Annual reports
Concalls
-
Jun 2025Transcript PPT REC
Business Profile[1]
Agarwal Toughened Glass manufactures toughened glass for B2B and B2C markets. The company processes float glass into value-added toughened glass products, which cater to sectors like construction, automotive, and industrial applications.