Asahi India Glass Ltd.

•

₹ 965.751.49%

2026-08-21

aisglass.comBSE: 515030NSE: ASAHIINDIA

Market Cap₹ 24,205 Cr.

Current Price₹ 966

High / Low₹ 1,074 / 775

Stock P/E0.0

Book Value₹ 164

Price to Book5.33

Dividend Yield0.21 %

ROCE13.6 %

ROE15.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Automotive Glass: 69.3% • Float Glass: 29.4% • Unallocable: 1.3%

PROS

Latest quarter profit grew 183.8% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.55x)
Institutional investors have been accumulating - FII+DII up 4.6pp
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -2.7pp
Operating margins have contracted to 16.9% from 25.5%
Total debt has risen sharply - up 35.4% year on year
Stock is trading at 5.3x its book value

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

Peer comparison

EDIT COLUMNS

Automobile and Auto ComponentsConstruction MaterialsGlass

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ASAHIINDIA	949.50	55.31	24205.34	0.21	149.08	172.09	1413.39	15.99	13.59	22.96
2.	BORORENEW	544.25	20.94	8010.47	0.00	86.64	142.58	405.69	17.06	10.72	31.50
3.	LAOPALA	178.05	0.00	1976.36	2.81	262.00	933.33	713.58	993.36	15.06	36.33
4.	BOROSCI	128.00	26.39	1138.58	0.00	4.35	203.44	106.75	11.22	10.63	7.92
5.	SEJALLTD	664.30	24.03	757.30	0.00	7.22	63.41	117.95	52.88	22.56	13.71
6.	BANARBEADS	114.00	0.00	75.21	0.00	0.72	18.03	9.06	45.86	5.70	15.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,045	1,081	995	1,018	1,057	1,086	1,057	1,079	1,136	1,075	1,144	1,252	1,320
	842	895	835	856	892	885	888	917	963	906	937	998	1,123
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	3	4	3	4	5	7	15	9	12	11	11	9	6
Interest	33	33	33	31	31	30	30	32	58	58	42	40	45
Depreciation	38	40	42	44	42	43	43	44	63	63	67	70	75
	143	116	92	102	103	138	164	123	72	67	135	175	204
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 Profit	106	85	68	76	76	93	129	91	53	47	103	126	151
	4	4	3	3	3	4	5	4	2	2	4	5	1
Equity Capital	24	24	24	24	24	24	24	24	24	25	25	25	25
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	24	24	24	24	24	24	24	24	24	25	25	25	25
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 1,045
: 842
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 33
Depreciation: 38
: 143
Tax %: 25.77%
Net Profit: 106
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 1,081
: 895
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 33
Depreciation: 40
: 116
Tax %: 26.77%
Net Profit: 85
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 995
: 835
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 33
Depreciation: 42
: 92
Tax %: 26.08%
Net Profit: 68
: 3
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 1,018
: 856
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 31
Depreciation: 44
: 102
Tax %: 25.64%
Net Profit: 76
: 3
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 1,057
: 892
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 31
Depreciation: 42
: 103
Tax %: 25.58%
Net Profit: 76
: 3
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 1,086
: 885
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 30
Depreciation: 43
: 138
Tax %: 32.90%
Net Profit: 93
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1,057
: 888
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 30
Depreciation: 43
: 164
Tax %: 21.49%
Net Profit: 129
: 5
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 1,079
: 917
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 32
Depreciation: 44
: 123
Tax %: 25.58%
Net Profit: 91
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,136
: 963
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 58
Depreciation: 63
: 72
Tax %: 26.27%
Net Profit: 53
: 2
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,075
: 906
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 58
Depreciation: 63
: 67
Tax %: 28.98%
Net Profit: 47
: 2
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,144
: 937
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 42
Depreciation: 67
: 135
Tax %: 23.37%
Net Profit: 103
: 4
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,252
: 998
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 40
Depreciation: 70
: 175
Tax %: 27.93%
Net Profit: 126
: 5
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,320
: 1,123
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 45
Depreciation: 75
: 204
Tax %: 25.75%
Net Profit: 151
: 1
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,168	2,307	2,590	2,859	2,599	2,380	3,110	3,918	4,146	4,312	4,791
	1,766	1,879	2,114	2,338	2,155	1,937	2,342	3,110	3,428	3,582	3,963
Operating Profit	409	458	502	541	460	484	792	830	749	766	—
OPM %	19	20	19	19	18	20	25	21	18	18	—
Other Income	6	30	26	20	15	40	24	21	31	36	38
Interest	143	144	123	135	144	138	118	101	131	122	185
Depreciation	105	76	92	115	132	127	155	154	165	172	275
	158	237	282	288	184	218	519	575	454	527	580
Tax %	38	37	34	34	13	36	33	36	26	26	26
Net Profit	97	148	185	190	160	139	348	368	336	389	428
EPS	4	6	8	8	7	6	14	15	14	16	—
Dividend Payout %	15	16	20	13	15	18	14	13	14	12	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	4	6	8	8	7	6	14	15	14	16	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	4	6	8	8	7	6	14	15	14	16	—

Mar 2016

: 2,168
: 1,766
Operating Profit: 409
OPM %: 19
Other Income: 6
Interest: 143
Depreciation: 105
: 158
Tax %: 38
Net Profit: 97
EPS: 4
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2017

: 2,307
: 1,879
Operating Profit: 458
OPM %: 20
Other Income: 30
Interest: 144
Depreciation: 76
: 237
Tax %: 37
Net Profit: 148
EPS: 6
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2018

: 2,590
: 2,114
Operating Profit: 502
OPM %: 19
Other Income: 26
Interest: 123
Depreciation: 92
: 282
Tax %: 34
Net Profit: 185
EPS: 8
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2019

: 2,859
: 2,338
Operating Profit: 541
OPM %: 19
Other Income: 20
Interest: 135
Depreciation: 115
: 288
Tax %: 34
Net Profit: 190
EPS: 8
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2020

: 2,599
: 2,155
Operating Profit: 460
OPM %: 18
Other Income: 15
Interest: 144
Depreciation: 132
: 184
Tax %: 13
Net Profit: 160
EPS: 7
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2021

: 2,380
: 1,937
Operating Profit: 484
OPM %: 20
Other Income: 40
Interest: 138
Depreciation: 127
: 218
Tax %: 36
Net Profit: 139
EPS: 6
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2022

: 3,110
: 2,342
Operating Profit: 792
OPM %: 25
Other Income: 24
Interest: 118
Depreciation: 155
: 519
Tax %: 33
Net Profit: 348
EPS: 14
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2023

: 3,918
: 3,110
Operating Profit: 830
OPM %: 21
Other Income: 21
Interest: 101
Depreciation: 154
: 575
Tax %: 36
Net Profit: 368
EPS: 15
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2024

: 4,146
: 3,428
Operating Profit: 749
OPM %: 18
Other Income: 31
Interest: 131
Depreciation: 165
: 454
Tax %: 26
Net Profit: 336
EPS: 14
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2025

: 4,312
: 3,582
Operating Profit: 766
OPM %: 18
Other Income: 36
Interest: 122
Depreciation: 172
: 527
Tax %: 26
Net Profit: 389
EPS: 16
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

TTM

: 4,791
: 3,963
Operating Profit: —
OPM %: —
Other Income: 38
Interest: 185
Depreciation: 275
: 580
Tax %: 26
Net Profit: 428
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 11%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 23%
5 Years:: 19%
3 Years:: 4%

STOCK PRICE CAGR

10 Years:: 18%
5 Years:: 24%
3 Years:: 24%
1 Year:: 12%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 16%
3 Years:: 16%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	24	24	24	24	24	24	24	24	24	24
	370	929	1,085	1,225	1,319	1,462	1,788	2,103	2,389	2,723
	541	339	443	484	589	471	318	583	223	205
Trade Payables	278	363	579	629	572	632	607	826	829	979
	1,039	1,074	1,096	1,302	1,309	1,172	1,092	1,072	2,052	2,895
Total Liabilities	2,252	2,729	3,228	3,665	3,812	3,762	3,828	4,608	5,517	6,825
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,021	1,467	1,853	1,904	1,970	2,160	2,261	2,255	2,381	3,794
Capital Work in Progress	64	85	113	448	488	262	89	227	813	552
	16	36	46	45	42	47	52	114	244	230
	500	561	593	670	699	630	685	991	926	1,042
	0	0	0	0	0	0	0	0	510	631
Cash & Bank	37	14	17	21	13	57	87	116	138	109
	613	566	605	577	599	607	655	906	504	467
Total Assets	2,252	2,729	3,228	3,665	3,812	3,762	3,828	4,608	5,517	6,825
Total Debt	1,316	1,220	1,371	1,636	1,740	1,491	1,180	1,324	1,854	2,509
Net Working Capital	-39	133	3	-107	-84	22	334	361	217	352
Contingent Liabilities	102	120	136	268	233	265	378	489	686	1,116
Book Value per Share	16.21	39.20	45.64	51.41	55.25	61.15	74.54	87.50	99.28	113.00
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Total Debt	1,316	1,220	1,371	1,636	1,740	1,491	1,180	1,324	1,854	2,509
Net Working Capital	-39	133	3	-107	-84	22	334	361	217	352
Contingent Liabilities	102	120	136	268	233	265	378	489	686	1,116
Book Value per Share	16.21	39.20	45.64	51.41	55.25	61.15	74.54	87.50	99.28	113.00
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Mar 2016

Equity Capital: 24
: 370
: 541
Trade Payables: 278
: 1,039
Total Liabilities: 2,252
: 1,021
Capital Work in Progress: 64
: 16
: 500
: 0
Cash & Bank: 37
: 613
Total Assets: 2,252
Total Debt: 1,316
Net Working Capital: -39
Contingent Liabilities: 102
Book Value per Share: 16.21
Face Value: 1.00
Total Debt: 1,316
Net Working Capital: -39
Contingent Liabilities: 102
Book Value per Share: 16.21
Face Value: 1.00

Mar 2017

Equity Capital: 24
: 929
: 339
Trade Payables: 363
: 1,074
Total Liabilities: 2,729
: 1,467
Capital Work in Progress: 85
: 36
: 561
: 0
Cash & Bank: 14
: 566
Total Assets: 2,729
Total Debt: 1,220
Net Working Capital: 133
Contingent Liabilities: 120
Book Value per Share: 39.20
Face Value: 1.00
Total Debt: 1,220
Net Working Capital: 133
Contingent Liabilities: 120
Book Value per Share: 39.20
Face Value: 1.00

Mar 2018

Equity Capital: 24
: 1,085
: 443
Trade Payables: 579
: 1,096
Total Liabilities: 3,228
: 1,853
Capital Work in Progress: 113
: 46
: 593
: 0
Cash & Bank: 17
: 605
Total Assets: 3,228
Total Debt: 1,371
Net Working Capital: 3
Contingent Liabilities: 136
Book Value per Share: 45.64
Face Value: 1.00
Total Debt: 1,371
Net Working Capital: 3
Contingent Liabilities: 136
Book Value per Share: 45.64
Face Value: 1.00

Mar 2019

Equity Capital: 24
: 1,225
: 484
Trade Payables: 629
: 1,302
Total Liabilities: 3,665
: 1,904
Capital Work in Progress: 448
: 45
: 670
: 0
Cash & Bank: 21
: 577
Total Assets: 3,665
Total Debt: 1,636
Net Working Capital: -107
Contingent Liabilities: 268
Book Value per Share: 51.41
Face Value: 1.00
Total Debt: 1,636
Net Working Capital: -107
Contingent Liabilities: 268
Book Value per Share: 51.41
Face Value: 1.00

Mar 2020

Equity Capital: 24
: 1,319
: 589
Trade Payables: 572
: 1,309
Total Liabilities: 3,812
: 1,970
Capital Work in Progress: 488
: 42
: 699
: 0
Cash & Bank: 13
: 599
Total Assets: 3,812
Total Debt: 1,740
Net Working Capital: -84
Contingent Liabilities: 233
Book Value per Share: 55.25
Face Value: 1.00
Total Debt: 1,740
Net Working Capital: -84
Contingent Liabilities: 233
Book Value per Share: 55.25
Face Value: 1.00

Mar 2021

Equity Capital: 24
: 1,462
: 471
Trade Payables: 632
: 1,172
Total Liabilities: 3,762
: 2,160
Capital Work in Progress: 262
: 47
: 630
: 0
Cash & Bank: 57
: 607
Total Assets: 3,762
Total Debt: 1,491
Net Working Capital: 22
Contingent Liabilities: 265
Book Value per Share: 61.15
Face Value: 1.00
Total Debt: 1,491
Net Working Capital: 22
Contingent Liabilities: 265
Book Value per Share: 61.15
Face Value: 1.00

Mar 2022

Equity Capital: 24
: 1,788
: 318
Trade Payables: 607
: 1,092
Total Liabilities: 3,828
: 2,261
Capital Work in Progress: 89
: 52
: 685
: 0
Cash & Bank: 87
: 655
Total Assets: 3,828
Total Debt: 1,180
Net Working Capital: 334
Contingent Liabilities: 378
Book Value per Share: 74.54
Face Value: 1.00
Total Debt: 1,180
Net Working Capital: 334
Contingent Liabilities: 378
Book Value per Share: 74.54
Face Value: 1.00

Mar 2023

Equity Capital: 24
: 2,103
: 583
Trade Payables: 826
: 1,072
Total Liabilities: 4,608
: 2,255
Capital Work in Progress: 227
: 114
: 991
: 0
Cash & Bank: 116
: 906
Total Assets: 4,608
Total Debt: 1,324
Net Working Capital: 361
Contingent Liabilities: 489
Book Value per Share: 87.50
Face Value: 1.00
Total Debt: 1,324
Net Working Capital: 361
Contingent Liabilities: 489
Book Value per Share: 87.50
Face Value: 1.00

Mar 2024

Equity Capital: 24
: 2,389
: 223
Trade Payables: 829
: 2,052
Total Liabilities: 5,517
: 2,381
Capital Work in Progress: 813
: 244
: 926
: 510
Cash & Bank: 138
: 504
Total Assets: 5,517
Total Debt: 1,854
Net Working Capital: 217
Contingent Liabilities: 686
Book Value per Share: 99.28
Face Value: 1.00
Total Debt: 1,854
Net Working Capital: 217
Contingent Liabilities: 686
Book Value per Share: 99.28
Face Value: 1.00

Mar 2025

Equity Capital: 24
: 2,723
: 205
Trade Payables: 979
: 2,895
Total Liabilities: 6,825
: 3,794
Capital Work in Progress: 552
: 230
: 1,042
: 631
Cash & Bank: 109
: 467
Total Assets: 6,825
Total Debt: 2,509
Net Working Capital: 352
Contingent Liabilities: 1,116
Book Value per Share: 113.00
Face Value: 1.00
Total Debt: 2,509
Net Working Capital: 352
Contingent Liabilities: 1,116
Book Value per Share: 113.00
Face Value: 1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	230	428	442	416	292	517	566	377	656	664
Cash from Investing	-121	-201	-440	-499	-194	-83	-78	-294	-979	-1,168
Cash from Financing	-101	-249	-0	86	-105	-391	-460	-55	344	475
	7	-22	1	3	-7	44	28	28	21	-28
Free Cash Flow	107	428	-62	-72	40	430	494	99	-207	-645
OCF / Net Profit	2.36	2.89	2.39	2.19	1.83	3.73	1.63	1.03	1.96	1.71
Cumulative 5-Year FCF	0	0	0	0	440	763	829	990	856	171
OCF / Net Profit	2.36	2.89	2.39	2.19	1.83	3.73	1.63	1.03	1.96	1.71
Cumulative 5-Year FCF	0	0	0	0	440	763	829	990	856	171

Mar 2016

: 230
Cash from Investing: -121
Cash from Financing: -101
: 7
Free Cash Flow: 107
OCF / Net Profit: 2.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.36
Cumulative 5-Year FCF: 0

Mar 2017

: 428
Cash from Investing: -201
Cash from Financing: -249
: -22
Free Cash Flow: 428
OCF / Net Profit: 2.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.89
Cumulative 5-Year FCF: 0

Mar 2018

: 442
Cash from Investing: -440
Cash from Financing: -0
: 1
Free Cash Flow: -62
OCF / Net Profit: 2.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.39
Cumulative 5-Year FCF: 0

Mar 2019

: 416
Cash from Investing: -499
Cash from Financing: 86
: 3
Free Cash Flow: -72
OCF / Net Profit: 2.19
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.19
Cumulative 5-Year FCF: 0

Mar 2020

: 292
Cash from Investing: -194
Cash from Financing: -105
: -7
Free Cash Flow: 40
OCF / Net Profit: 1.83
Cumulative 5-Year FCF: 440
OCF / Net Profit: 1.83
Cumulative 5-Year FCF: 440

Mar 2021

: 517
Cash from Investing: -83
Cash from Financing: -391
: 44
Free Cash Flow: 430
OCF / Net Profit: 3.73
Cumulative 5-Year FCF: 763
OCF / Net Profit: 3.73
Cumulative 5-Year FCF: 763

Mar 2022

: 566
Cash from Investing: -78
Cash from Financing: -460
: 28
Free Cash Flow: 494
OCF / Net Profit: 1.63
Cumulative 5-Year FCF: 829
OCF / Net Profit: 1.63
Cumulative 5-Year FCF: 829

Mar 2023

: 377
Cash from Investing: -294
Cash from Financing: -55
: 28
Free Cash Flow: 99
OCF / Net Profit: 1.03
Cumulative 5-Year FCF: 990
OCF / Net Profit: 1.03
Cumulative 5-Year FCF: 990

Mar 2024

: 656
Cash from Investing: -979
Cash from Financing: 344
: 21
Free Cash Flow: -207
OCF / Net Profit: 1.96
Cumulative 5-Year FCF: 856
OCF / Net Profit: 1.96
Cumulative 5-Year FCF: 856

Mar 2025

: 664
Cash from Investing: -1,168
Cash from Financing: 475
: -28
Free Cash Flow: -645
OCF / Net Profit: 1.71
Cumulative 5-Year FCF: 171
OCF / Net Profit: 1.71
Cumulative 5-Year FCF: 171

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	4.00	6.09	7.62	7.82	6.58	5.71	14.30	15.13	13.80	16.01
Book Value (₹)	16.21	39.20	45.64	51.41	55.25	61.15	74.54	87.50	99.28	113.00
Dividend per Share (₹)	0.60	1.00	1.50	1.00	1.00	1.00	2.00	2.00	2.00	2.00
Cash EPS (₹)	8.33	9.22	11.40	12.56	12.01	10.95	20.68	21.45	20.58	23.10
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	17.30%	18.10%	19.05%	18.92%	17.70%	20.33%	25.46%	21.18%	17.32%	16.92%
Net Margin %	4.12%	5.85%	7.03%	6.65%	6.15%	5.83%	11.18%	9.39%	8.09%	9.02%
ROE %	27.59%	21.98%	17.97%	16.11%	12.33%	9.81%	21.08%	18.68%	14.78%	15.08%
ROCE %	17.52%	19.59%	17.43%	15.76%	10.99%	11.76%	21.33%	20.99%	15.14%	13.64%
	4.39%	5.94%	6.22%	5.52%	4.28%	3.67%	9.16%	8.72%	6.63%	6.31%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	54	49	52	51	53	58	45	41	44	48
Inventory Days	77	77	80	81	96	102	77	78	84	83
Payable Days	129	141	188	243	262	265	252	195	195	208
	2	-16	-56	-111	-114	-106	-130	-76	-66	-76
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	3.34x	1.28x	1.24x	1.31x	1.30x	1.00x	0.65x	0.62x	0.77x	0.91x
Interest Coverage (x)	2.10x	2.65x	3.29x	3.14x	2.28x	2.57x	5.41x	6.69x	4.47x	5.31x
	0.96x	1.15x	1.00x	0.92x	0.94x	1.02x	1.32x	1.23x	1.13x	1.20x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	5.38%	6.40%	12.30%	10.35%	-9.07%	-8.42%	30.63%	26.01%	5.82%	3.99%
Operating Profit Growth %	22.16%	12.11%	9.62%	7.69%	-14.91%	5.16%	63.62%	4.82%	-9.73%	2.24%
Net Profit Growth %	93.73%	52.19%	25.20%	2.55%	-15.87%	-13.18%	150.37%	5.81%	-8.78%	15.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.78%	15.97%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	38.77x	37.62x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.39x	5.33x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.33%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.65x	22.25x

Mar 2016

EPS (₹): 4.00
Book Value (₹): 16.21
Dividend per Share (₹): 0.60
Cash EPS (₹): 8.33
Operating Margin %: 17.30%
Net Margin %: 4.12%
ROE %: 27.59%
ROCE %: 17.52%
: 4.39%
Debtor Days: 54
Inventory Days: 77
Payable Days: 129
: 2
Debt to Equity (x): 3.34x
Interest Coverage (x): 2.10x
: 0.96x
Revenue Growth %: 5.38%
Operating Profit Growth %: 22.16%
Net Profit Growth %: 93.73%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 6.09
Book Value (₹): 39.20
Dividend per Share (₹): 1.00
Cash EPS (₹): 9.22
Operating Margin %: 18.10%
Net Margin %: 5.85%
ROE %: 21.98%
ROCE %: 19.59%
: 5.94%
Debtor Days: 49
Inventory Days: 77
Payable Days: 141
: -16
Debt to Equity (x): 1.28x
Interest Coverage (x): 2.65x
: 1.15x
Revenue Growth %: 6.40%
Operating Profit Growth %: 12.11%
Net Profit Growth %: 52.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 7.62
Book Value (₹): 45.64
Dividend per Share (₹): 1.50
Cash EPS (₹): 11.40
Operating Margin %: 19.05%
Net Margin %: 7.03%
ROE %: 17.97%
ROCE %: 17.43%
: 6.22%
Debtor Days: 52
Inventory Days: 80
Payable Days: 188
: -56
Debt to Equity (x): 1.24x
Interest Coverage (x): 3.29x
: 1.00x
Revenue Growth %: 12.30%
Operating Profit Growth %: 9.62%
Net Profit Growth %: 25.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 7.82
Book Value (₹): 51.41
Dividend per Share (₹): 1.00
Cash EPS (₹): 12.56
Operating Margin %: 18.92%
Net Margin %: 6.65%
ROE %: 16.11%
ROCE %: 15.76%
: 5.52%
Debtor Days: 51
Inventory Days: 81
Payable Days: 243
: -111
Debt to Equity (x): 1.31x
Interest Coverage (x): 3.14x
: 0.92x
Revenue Growth %: 10.35%
Operating Profit Growth %: 7.69%
Net Profit Growth %: 2.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 6.58
Book Value (₹): 55.25
Dividend per Share (₹): 1.00
Cash EPS (₹): 12.01
Operating Margin %: 17.70%
Net Margin %: 6.15%
ROE %: 12.33%
ROCE %: 10.99%
: 4.28%
Debtor Days: 53
Inventory Days: 96
Payable Days: 262
: -114
Debt to Equity (x): 1.30x
Interest Coverage (x): 2.28x
: 0.94x
Revenue Growth %: -9.07%
Operating Profit Growth %: -14.91%
Net Profit Growth %: -15.87%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 5.71
Book Value (₹): 61.15
Dividend per Share (₹): 1.00
Cash EPS (₹): 10.95
Operating Margin %: 20.33%
Net Margin %: 5.83%
ROE %: 9.81%
ROCE %: 11.76%
: 3.67%
Debtor Days: 58
Inventory Days: 102
Payable Days: 265
: -106
Debt to Equity (x): 1.00x
Interest Coverage (x): 2.57x
: 1.02x
Revenue Growth %: -8.42%
Operating Profit Growth %: 5.16%
Net Profit Growth %: -13.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 14.30
Book Value (₹): 74.54
Dividend per Share (₹): 2.00
Cash EPS (₹): 20.68
Operating Margin %: 25.46%
Net Margin %: 11.18%
ROE %: 21.08%
ROCE %: 21.33%
: 9.16%
Debtor Days: 45
Inventory Days: 77
Payable Days: 252
: -130
Debt to Equity (x): 0.65x
Interest Coverage (x): 5.41x
: 1.32x
Revenue Growth %: 30.63%
Operating Profit Growth %: 63.62%
Net Profit Growth %: 150.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 15.13
Book Value (₹): 87.50
Dividend per Share (₹): 2.00
Cash EPS (₹): 21.45
Operating Margin %: 21.18%
Net Margin %: 9.39%
ROE %: 18.68%
ROCE %: 20.99%
: 8.72%
Debtor Days: 41
Inventory Days: 78
Payable Days: 195
: -76
Debt to Equity (x): 0.62x
Interest Coverage (x): 6.69x
: 1.23x
Revenue Growth %: 26.01%
Operating Profit Growth %: 4.82%
Net Profit Growth %: 5.81%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 13.80
Book Value (₹): 99.28
Dividend per Share (₹): 2.00
Cash EPS (₹): 20.58
Operating Margin %: 17.32%
Net Margin %: 8.09%
ROE %: 14.78%
ROCE %: 15.14%
: 6.63%
Debtor Days: 44
Inventory Days: 84
Payable Days: 195
: -66
Debt to Equity (x): 0.77x
Interest Coverage (x): 4.47x
: 1.13x
Revenue Growth %: 5.82%
Operating Profit Growth %: -9.73%
Net Profit Growth %: -8.78%
: -8.78%
P/E (x): 38.77x
P/B (x): 5.39x
Dividend Yield %: 0.37%
: 19.65x

Mar 2025

EPS (₹): 16.01
Book Value (₹): 113.00
Dividend per Share (₹): 2.00
Cash EPS (₹): 23.10
Operating Margin %: 16.92%
Net Margin %: 9.02%
ROE %: 15.08%
ROCE %: 13.64%
: 6.31%
Debtor Days: 48
Inventory Days: 83
Payable Days: 208
: -76
Debt to Equity (x): 0.91x
Interest Coverage (x): 5.31x
: 1.20x
Revenue Growth %: 3.99%
Operating Profit Growth %: 2.24%
Net Profit Growth %: 15.97%
: 15.97%
P/E (x): 37.62x
P/B (x): 5.33x
Dividend Yield %: 0.33%
: 22.25x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.23	54.23	54.23	54.20	54.09	51.57	51.57	51.57	51.57
	3.94	4.01	4.19	4.15	3.74	4.87	4.88	4.85	4.85
	1.47	1.55	1.62	1.63	1.78	5.16	5.25	5.35	5.26
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.35	40.21	39.96	40.01	40.40	38.39	38.30	38.23	38.31

Jun 2024

: 54.23
: 3.94
: 1.47
Government: 0.00
: 40.35

Sep 2024

: 54.23
: 4.01
: 1.55
Government: 0.00
: 40.21

Dec 2024

: 54.23
: 4.19
: 1.62
Government: 0.00
: 39.96

Mar 2025

: 54.20
: 4.15
: 1.63
Government: 0.00
: 40.01

Jun 2025

: 54.09
: 3.74
: 1.78
Government: 0.00
: 40.40

Sep 2025

: 51.57
: 4.87
: 5.16
Government: 0.00
: 38.39

Dec 2025

: 51.57
: 4.88
: 5.25
Government: 0.00
: 38.30

Mar 2026

: 51.57
: 4.85
: 5.35
Government: 0.00
: 38.23

Jun 2026

: 51.57
: 4.85
: 5.26
Government: 0.00
: 38.31

Documents

Announcements

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
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

Annual Reports

Credit Ratings

Credit Rating
2026-01-15 - Asahi India Glass Limited has informed the Exchange about Credit Rating
Credit Rating
2025-10-08 - Asahi India Glass Limited has informed the Exchange about Credit Rating

Concalls

Nothing filed yet.