Asahi India Glass Ltd

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Asahi India Glas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Asahi India Glass Ltd

₹ 962 -0.37%
24 Aug - close price
aisglass.com BSE: 515030 NSE: ASAHIINDIA
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

Promoter
Asahi Glass Company Ltd (AGC), is the largest shareholder holding a 21.18% stake in the company as of Dec 2025, AGC is one of the leading manufacturers of glass globally, with a 12% global market share in the float glass segment and 30% in the auto glass segment, it also provides technical support to the company. [1] [2]

Website BSE NSE
  • Market Cap ₹ 24,565 Cr.
  • Current Price ₹ 962
  • High / Low ₹ 1,074 / 775
  • Stock P/E 55.0
  • Book Value ₹ 154
  • Dividend Yield 0.21 %
  • ROCE 11.8 %
  • ROE 10.7 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 6.24 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

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary Nifty MidSmallcap400 50:50 Nifty Smallcap 500 BSE 500 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
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
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%
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
Profit before tax 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%
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 3.80 2.31 2.22 3.90 5.20 5.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
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
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%
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
Profit before tax 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%
40 85 150 176 188 151 131 343 362 325 367 345 439
EPS in Rs 1.73 3.58 6.15 7.30 7.82 6.32 5.47 14.18 15.01 13.49 15.27 13.52 17.17
Dividend Payout % 0% 17% 16% 21% 13% 16% 18% 14% 13% 15% 13% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 16%
3 Years: 7%
TTM: 10%
Compounded Profit Growth
10 Years: 15%
5 Years: 23%
3 Years: -1%
TTM: 37%
Stock Price CAGR
10 Years: 18%
5 Years: 23%
3 Years: 20%
1 Year: 9%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 13%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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
1,419 1,319 1,221 1,373 1,643 1,762 1,566 1,238 1,401 1,968 2,696 2,198
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
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
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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
50 230 418 449 424 293 516 586 402 653 720 502
-69 -124 -190 -448 -512 -214 -84 -79 -320 -924 -1,191 -665
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%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Auto Glass Market Share (Passenger Car Segment)
% ・Standalone data

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Auto Glass Segment Revenue Share
% ・Standalone data
Float Glass Capacity
TPD (Tonnes Per Day) ・Standalone data
Float Glass Domestic Market Share
% ・Standalone data
Laminated Glass Capacity (Auto Glass)
million pieces ・Standalone data
Tempered Glass Capacity (Auto Glass)
million sq m ・Standalone data
MSIL Share of Auto Glass Sales
% ・Standalone data
Architectural Glass Stockists/Distributors
count ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
54.23% 54.22% 54.22% 54.22% 54.22% 54.22% 54.19% 54.09% 51.58% 51.58% 51.58% 51.58%
3.68% 3.71% 3.94% 3.94% 4.01% 4.19% 4.15% 3.74% 4.87% 4.88% 4.85% 4.85%
1.83% 1.91% 1.44% 1.47% 1.55% 1.62% 1.63% 1.78% 5.16% 5.25% 5.35% 5.26%
40.26% 40.15% 40.37% 40.34% 40.20% 39.96% 40.01% 40.40% 38.39% 38.30% 38.23% 38.31%
No. of Shareholders 62,82559,97063,46560,22762,83663,20065,56463,61164,20966,69264,53964,157

* 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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