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Asahi India Glass Ltd.

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aisglass.comBSE: 515030NSE: ASAHIINDIA
Market Cap₹ 24,720 Cr.
Current Price
High / Low₹ 1,074 / 775
Stock P/E57.8
Book Value₹ 164
Price to Book4.98
Dividend Yield0.21 %
ROCE11.4 %
ROE9.7 %
Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Automotive Glass: 71.9% • Float Glass: 26.9% • Unallocable: 1.1%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence
74%
View full sector analysis →

PROS

  • Latest quarter profit grew 183.8% YoY, showing strong momentum
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.68x)
  • Institutional investors have been accumulating - FII+DII up 4.6pp
  • Company has a consistent dividend-paying track record

CONS

  • Promoter holding has decreased over last 2 years: -2.7pp
  • Free cash flow has been persistently negative
  • Working capital days have increased from 30 to 69 days
  • Recurring exceptional / one-off items are inflating headline profit
  • Growth is decelerating - 3Y profit CAGR (-3.6%) trails the 5Y trend (18.9%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsConstruction MaterialsGlass
Part ofNIFTY TOTAL MKTNIFTY 500NIFTY SMLCAP 250
S.No.Name
1.ASAHIINDIA969.7056.4924720.290.21149.08172.091413.3915.9911.8422.96
2.BORORENEW502.2019.327391.570.0086.64142.58405.6917.0610.7231.50
3.LAOPALA167.5019.961859.252.99262.00933.33713.58993.3615.0636.33
4.BOROSCI127.2026.221131.460.004.35203.44106.7511.2210.637.92
5.SEJALLTD646.5023.39737.010.007.2263.41117.9552.8822.5613.71
6.BANARBEADS112.2039.3174.020.000.7218.039.0645.865.7015.07
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,0451,0819951,0181,0571,0861,0571,0791,1361,0751,1441,2521,320
8428958358568928858889179639069379981,123
Operating Profit203186160162166201169162172169207254198
OPM %19.47%17.17%16.06%15.90%15.65%18.53%16.00%15.03%15.19%15.72%18.12%20.31%14.97%
3434577191211496
Interest33333331313030325858424045
Depreciation38404244424343446363677075
Profit before Tax143116921021031381641237267135175204
Tax %25.77%26.77%26.08%25.64%25.58%32.90%21.49%25.58%26.27%28.98%23.37%27.93%25.75%
Net Profit1068568767693129915347103126151
4.363.502.813.133.153.815.293.762.201.864.054.945.94

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,3072,5902,8592,5992,3803,1103,9184,1464,3124,6684,791
1,8792,1142,3382,1551,9372,3423,1103,4283,5823,8033,963
Operating Profit428476520445444768808718730865828
OPM %18.56%18.39%18.20%17.11%18.65%24.69%20.63%17.32%16.92%18.53%17.29%
2821181540242131924531
Interest144123135144138118101131122198185
Depreciation7692115132127155154165172263275
Profit before Tax237282288184218519575454527449580
Tax %37.42%34.38%34.08%13.17%36.31%33.02%36.04%26.06%26.23%26.45%26.23%
Net Profit148185190160139348368336389330428
EPS6.097.627.826.585.7114.3015.1313.8016.0112.94—
Dividend Payout %16.42%19.67%12.79%15.20%17.51%13.99%13.22%14.49%12.50%15.45%—

COMPOUNDED SALES GROWTH

10 Years:
8%
5 Years:
14%
3 Years:
6%

COMPOUNDED PROFIT GROWTH

10 Years:
13%
5 Years:
19%
3 Years:
-4%

STOCK PRICE CAGR

10 Years:
18%
5 Years:
21%
3 Years:
19%
1 Year:
14%

RETURN ON EQUITY

10 Years:
16%
5 Years:
16%
3 Years:
13%
Last Year:
10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2005

Sep 1

1:1

Bonus Issue

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital24242424242424242425
9291,0851,2251,3191,4621,7882,1032,3892,7233,999
1,3201,4661,5971,7451,5131,2231,3681,5502,3002,034
Trade Payables363579629572632607826829979852
9373189153130186287724799806
Total Liabilities2,7293,2283,6653,8123,7623,8284,6085,5176,8257,716
1,4671,8531,9041,9702,1602,2612,2552,3813,7944,257
Capital Work in Progress8511344848826289227813552418
364645424752114244230258
5615936706996306859919261,0421,127
0000000510631719
Cash & Bank141721135787116138109175
566605577599607655906504467762
Total Assets2,7293,2283,6653,8123,7623,8284,6085,5176,8257,716

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
516539513315598738584656664454
Cash from Investing-201-440-499-194-83-78-294-979-1,168-630
Cash from Financing-249-086-105-391-460-55344475244
-2213-744282821-2867

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
54.2354.2354.2354.2054.0951.5751.5751.5751.57
3.944.014.194.153.744.874.884.854.85
1.471.551.621.631.785.165.255.355.26
Government0.000.000.000.000.000.000.000.000.00
40.3540.2139.9640.0140.4038.3938.3038.2338.31

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28
Copy of Newspaper Publication

2026-08-28 - Asahi India Glass Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28
General Updates

2026-08-28 - Asahi India Glass Limited has informed the Exchange about Communication sent to Shareholders.

2026-08-27
General Updates

2026-08-27 - BRSR FY 2025-26

2026-08-27
Shareholders meeting

2026-08-27 - Asahi India Glass Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2026

2026-08-20
General Updates

2026-08-20 - Asahi India Glass Limited has informed the Exchange about the Communication sent to Shareholders regarding the transfer of Equity Shares and unclaimed dividend to Investor Education and Protection Fund

2026-08-20
Copy of Newspaper Publication

2026-08-20 - Asahi India Glass Limited has informed the Exchange about Publication of Notice regarding the transfer of Equity Shares and unclaimed dividend to Investor Education and Protection Fund

2026-08-19
General Updates

2026-08-19 - Asahi India Glass Limited has informed the Exchange about the Communication sent to shareholders of the Company regarding deduction of tax at source (TDS) on payment of Final Dividend for FY 2025-26.

2026-08-06
Copy of Newspaper Publication

2026-08-06 - Asahi India Glass Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05
Record Date

2026-08-05 - Asahi India Glass Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Sep-2026.

News

Recent coverage and analyst commentary for ASAHIINDIA

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