Asahi India Glass Ltd
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]
- Market Cap ₹ 14,552 Cr.
- Current Price ₹ 598
- High / Low ₹ 651 / 445
- Stock P/E 45.5
- Book Value ₹ 91.2
- Dividend Yield 0.33 %
- ROCE 20.5 %
- ROE 18.6 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 8.83% over past five 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
Sector: Glass & Glass Products Industry: Glass & Glass Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,681 | 1,944 | 2,217 | 2,099 | 2,209 | 2,345 | 2,633 | 2,913 | 2,643 | 2,421 | 3,170 | 4,019 | 4,324 | |
1,506 | 1,777 | 1,987 | 1,789 | 1,816 | 1,930 | 2,169 | 2,403 | 2,212 | 1,987 | 2,410 | 3,224 | 3,596 | |
Operating Profit | 175 | 167 | 229 | 309 | 393 | 415 | 464 | 510 | 431 | 435 | 761 | 795 | 728 |
OPM % | 10% | 9% | 10% | 15% | 18% | 18% | 18% | 18% | 16% | 18% | 24% | 20% | 17% |
11 | 10 | 4 | 13 | 3 | 31 | 23 | 24 | 23 | 46 | 31 | 33 | 25 | |
Interest | 148 | 170 | 163 | 160 | 144 | 144 | 124 | 135 | 146 | 143 | 121 | 105 | 129 |
Depreciation | 132 | 154 | 143 | 112 | 110 | 79 | 95 | 119 | 137 | 132 | 160 | 160 | 170 |
Profit before tax | -95 | -147 | -72 | 51 | 142 | 223 | 269 | 280 | 171 | 205 | 511 | 563 | 455 |
Tax % | 30% | 33% | 31% | 26% | 42% | 33% | 35% | 33% | 11% | 36% | 33% | 36% | |
-66 | -99 | -48 | 40 | 85 | 150 | 176 | 188 | 151 | 131 | 343 | 362 | 320 | |
EPS in Rs | -2.68 | -4.01 | -1.92 | 1.73 | 3.58 | 6.15 | 7.30 | 7.82 | 6.32 | 5.47 | 14.18 | 15.01 | 13.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 17% | 16% | 21% | 13% | 16% | 18% | 14% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 15% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 16% |
3 Years: | 34% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 20% |
3 Years: | 26% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 16% |
3 Years: | 17% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 123 | 74 | 217 | 257 | 330 | 902 | 1,051 | 1,191 | 1,278 | 1,415 | 1,738 | 2,050 | 2,193 |
1,579 | 1,546 | 1,395 | 1,419 | 1,319 | 1,221 | 1,373 | 1,643 | 1,762 | 1,566 | 1,238 | 1,401 | 1,561 | |
542 | 699 | 677 | 560 | 598 | 682 | 833 | 831 | 799 | 768 | 776 | 1,104 | 1,149 | |
Total Liabilities | 2,260 | 2,335 | 2,313 | 2,260 | 2,272 | 2,830 | 3,281 | 3,689 | 3,863 | 3,773 | 3,777 | 4,580 | 4,927 |
1,318 | 1,237 | 1,177 | 1,143 | 1,134 | 1,588 | 1,907 | 1,956 | 2,035 | 2,221 | 2,323 | 2,395 | 2,438 | |
CWIP | 23 | 33 | 43 | 41 | 65 | 85 | 114 | 453 | 489 | 262 | 91 | 235 | 325 |
Investments | 12 | 13 | 14 | 16 | 19 | 27 | 42 | 48 | 55 | 69 | 85 | 112 | 132 |
907 | 1,052 | 1,079 | 1,060 | 1,054 | 1,129 | 1,218 | 1,232 | 1,284 | 1,222 | 1,278 | 1,839 | 2,031 | |
Total Assets | 2,260 | 2,335 | 2,313 | 2,260 | 2,272 | 2,830 | 3,281 | 3,689 | 3,863 | 3,773 | 3,777 | 4,580 | 4,927 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
178 | 111 | 10 | 50 | 230 | 418 | 449 | 424 | 293 | 516 | 586 | 402 | |
-215 | -83 | -92 | -69 | -124 | -190 | -448 | -512 | -214 | -84 | -79 | -320 | |
28 | 17 | 47 | 24 | -100 | -249 | -1 | 91 | -93 | -382 | -479 | -52 | |
Net Cash Flow | -9 | 45 | -35 | 4 | 7 | -21 | 1 | 3 | -14 | 51 | 28 | 29 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 57 | 57 | 55 | 46 | 44 | 38 | 45 | 34 | 36 | 40 | 28 | 31 |
Inventory Days | 348 | 270 | 255 | 250 | 236 | 252 | 240 | 273 | 310 | 284 | 285 | 271 |
Days Payable | 256 | 290 | 253 | 139 | 132 | 161 | 230 | 252 | 248 | 277 | 246 | 225 |
Cash Conversion Cycle | 149 | 38 | 56 | 158 | 148 | 129 | 56 | 55 | 98 | 47 | 67 | 77 |
Working Capital Days | 12 | 4 | -10 | 36 | 35 | 44 | 33 | 9 | 4 | 49 | 46 | 56 |
ROCE % | 3% | 1% | 6% | 12% | 17% | 19% | 17% | 16% | 11% | 11% | 21% | 21% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 4h
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 19 Apr
- Certificate From Practicing Company Secretary 17 Apr
- Certificate Under Regulation 7 (3) Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 For The Period Ended 31St March, 2024. 17 Apr
- Certificate Under Regulation 7 (3) Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 For The Period Ended 31St March, 2024. 15 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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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.