Asahi India Glass Ltd

Asahi India Glass Ltd

₹ 643 4.19%
22 Jul 1:54 p.m.
About

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]

Key Points

History[1]
Initially known as the Indian Auto Safety Glass Private Limited, the company changed its name to Asahi India Safety Glass limited (AIS) in 1985. It started operations manufacturing toughened glass for MSIL. Subsequently, with acquisition of Float glass India, it forayed into construction glass business and changing its name to Asahi India Glass limited in Sep,2002.

  • Market Cap 15,641 Cr.
  • Current Price 643
  • High / Low 722 / 492
  • Stock P/E 48.1
  • Book Value 96.8
  • Dividend Yield 0.32 %
  • ROCE 14.9 %
  • ROE 14.7 %
  • Face Value 1.00

Pros

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
815 604 797 829 944 923 1,014 1,010 1,072 1,089 1,120 1,044 1,105
633 485 610 614 701 702 799 821 902 880 934 880 927
Operating Profit 182 118 187 216 243 221 215 188 170 209 186 163 178
OPM % 22% 20% 23% 26% 26% 24% 21% 19% 16% 19% 17% 16% 16%
18 3 7 7 11 8 9 7 9 7 8 2 2
Interest 33 33 32 28 28 26 26 27 26 34 34 34 33
Depreciation 35 37 40 43 40 40 40 39 41 41 43 46 48
Profit before tax 132 52 122 151 186 163 159 129 112 141 117 85 100
Tax % 36% 33% 34% 34% 32% 35% 34% 36% 39% 27% 26% 26% 27%
84 35 81 100 128 106 104 83 68 103 86 63 73
EPS in Rs 3.48 1.45 3.34 4.12 5.27 4.40 4.33 3.45 2.84 4.27 3.57 2.61 3.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,944 2,217 2,099 2,209 2,345 2,633 2,913 2,643 2,421 3,170 4,019 4,357
1,777 1,987 1,789 1,816 1,930 2,169 2,403 2,212 1,987 2,410 3,224 3,619
Operating Profit 167 229 309 393 415 464 510 431 435 761 795 738
OPM % 9% 10% 15% 18% 18% 18% 18% 16% 18% 24% 20% 17%
10 4 13 3 31 23 24 23 46 31 33 17
Interest 170 163 160 144 144 124 135 146 143 121 105 136
Depreciation 154 143 112 110 79 95 119 137 132 160 160 177
Profit before tax -147 -72 51 142 223 269 280 171 205 511 563 443
Tax % -33% -31% 26% 42% 33% 35% 33% 11% 36% 33% 36% 27%
-99 -48 40 85 150 176 188 151 131 343 362 325
EPS in Rs -4.01 -1.92 1.73 3.58 6.15 7.30 7.82 6.32 5.47 14.18 15.01 13.49
Dividend Payout % 0% 0% 0% 17% 16% 21% 13% 16% 18% 14% 13% 15%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 22%
TTM: 8%
Compounded Profit Growth
10 Years: 25%
5 Years: 12%
3 Years: 37%
TTM: -9%
Stock Price CAGR
10 Years: 22%
5 Years: 25%
3 Years: 19%
1 Year: 10%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 24 24 24 24 24 24 24 24 24 24 24
Reserves 74 217 257 330 902 1,051 1,191 1,278 1,415 1,738 2,050 2,329
1,546 1,395 1,419 1,319 1,221 1,373 1,643 1,762 1,566 1,238 1,401 1,968
699 677 560 598 682 833 831 799 768 776 1,104 1,179
Total Liabilities 2,335 2,313 2,260 2,272 2,830 3,281 3,689 3,863 3,773 3,777 4,580 5,500
1,237 1,177 1,143 1,134 1,588 1,907 1,956 2,035 2,221 2,323 2,395 2,615
CWIP 33 43 41 65 85 114 453 489 262 91 235 826
Investments 13 14 16 19 27 42 48 55 69 85 112 85
1,052 1,079 1,060 1,054 1,129 1,218 1,232 1,284 1,222 1,278 1,839 1,974
Total Assets 2,335 2,313 2,260 2,272 2,830 3,281 3,689 3,863 3,773 3,777 4,580 5,500

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
111 10 50 230 418 449 424 293 516 586 402 653
-83 -92 -69 -124 -190 -448 -512 -214 -84 -79 -320 -924
17 47 24 -100 -249 -1 91 -93 -382 -479 -52 330
Net Cash Flow 45 -35 4 7 -21 1 3 -14 51 28 29 59

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 55 46 44 38 45 34 36 40 28 31 30
Inventory Days 270 255 250 236 252 240 273 310 284 285 271 221
Days Payable 290 253 139 132 161 230 252 248 277 246 225 190
Cash Conversion Cycle 38 56 158 148 129 56 55 98 47 67 77 61
Working Capital Days 4 -10 36 35 44 33 9 4 49 46 56 40
ROCE % 1% 6% 12% 17% 19% 17% 16% 11% 11% 21% 21% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
54.24% 54.24% 54.24% 54.24% 54.23% 54.23% 54.24% 54.24% 54.23% 54.22% 54.22% 54.22%
1.25% 1.48% 1.47% 1.63% 3.29% 3.78% 3.79% 3.62% 3.68% 3.71% 3.94% 3.94%
0.89% 1.53% 1.55% 1.83% 1.66% 1.68% 1.73% 1.72% 1.83% 1.91% 1.44% 1.47%
0.38% 0.38% 0.38% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
43.24% 42.37% 42.36% 41.93% 40.81% 40.31% 40.24% 40.42% 40.26% 40.15% 40.37% 40.34%
No. of Shareholders 42,38146,95751,94553,15857,15858,71358,71661,23262,82559,97063,46560,227

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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