Asahi India Glass Limited (IN:ASAHIINDIA)
:ASAHIINDIA
Top Page
Asahi India Glass Limited
(ASAHIINDIA)
Select Model
Select Model
Rating:67Neutral
Price Target:
₹934.00
▼(-9.77% Downside)
Action:DowngradedDate:12/31/25
The score is driven primarily by strong multi-year growth and healthy margins, supported by a constructive technical uptrend. These positives are tempered by negative free cash flow from heavy capex and rising leverage, while the high P/E and minimal dividend yield weigh on valuation.
Positive Factors
Revenue growth (~14% CAGR)
A sustained ~14% multi-year revenue CAGR indicates durable demand across automotive and construction end markets and successful product adoption. Consistent top-line growth supports scale economics, higher capacity utilization and the ability to invest in higher-value processing that strengthens future earnings quality.
Negative Factors
Rising leverage (D/E ~1.01)
A D/E around 1.01 and an upward leverage trend reduce financial flexibility and increase interest and refinancing risk. In cyclical end-markets like autos and construction, higher leverage amplifies downside during slow cycles, constrains optionality for M&A or dividends, and raises the importance of steady cash conversion to manage obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth (~14% CAGR)
A sustained ~14% multi-year revenue CAGR indicates durable demand across automotive and construction end markets and successful product adoption. Consistent top-line growth supports scale economics, higher capacity utilization and the ability to invest in higher-value processing that strengthens future earnings quality.
Read all positive factors
Asahi India Glass Limited (ASAHIINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹217.95B
Dividend Yield0.2%
Average Volume (3M)15.13K
Price to Earnings (P/E)65.0
Beta (1Y)0.89
Revenue Growth5.52%
EPS Growth-0.90%
CountryIN
Employees2,567
SectorBasic Materials
Sector Strength58
IndustryAuto - Parts
Share Statistics
EPS (TTM)3.90
Shares Outstanding254,927,190
10 Day Avg. Volume12,301
30 Day Avg. Volume15,133
Financial Highlights & Ratios
PEG Ratio3.00
Price to Book (P/B)5.50
Price to Sales (P/S)3.20
P/FCF Ratio-26.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.3
Revenue Forecast (FY)₹57.74B
Asahi India Glass Limited Business Overview & Revenue Model
Company Description
Asahi India Glass Limited, an integrated glass and windows solutions company, manufactures and supplies various glass products in India and internationally. It operates in two segments, Automotive Glass and Float Glass. The company offers various ...
How the Company Makes Money
AIS makes money mainly by manufacturing and selling processed glass products and associated solutions across two core end markets: (1) Automotive: Revenue is generated through supplying OEMs and the automotive aftermarket with safety glass and oth...
Asahi India Glass Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.84B | 45.94B | 43.41B | 40.19B | 31.70B | 24.21B |
| Gross Profit | 27.80B | 28.35B | 26.18B | 25.64B | 21.91B | 15.37B |
| EBITDA | 7.29B | 7.43B | 7.08B | 8.01B | 7.52B | 4.24B |
| Net Income | 3.11B | 3.71B | 3.28B | 3.65B | 3.45B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 79.02B | 67.90B | 55.00B | 45.80B | 37.77B | 37.73B |
| Cash, Cash Equivalents and Short-Term Investments | 9.44B | 1.71B | 1.79B | 1.18B | 879.00M | 582.00M |
| Total Debt | 28.56B | 26.96B | 19.68B | 14.01B | 12.38B | 15.64B |
| Total Liabilities | 42.00B | 41.47B | 31.69B | 25.27B | 20.32B | 23.50B |
| Stockholders Equity | 37.01B | 26.69B | 23.53B | 20.75B | 17.62B | 14.40B |
Cash Flow | ||||||
| Free Cash Flow | -2.22B | -5.45B | -2.48B | 767.60M | 4.85B | 4.21B |
| Operating Cash Flow | 1.42B | 7.23B | 6.53B | 4.02B | 5.86B | 5.26B |
| Investing Cash Flow | -3.47B | -11.91B | -9.24B | -3.20B | -792.70M | -934.40M |
| Financing Cash Flow | 9.84B | 4.58B | 3.30B | -520.90M | -4.79B | -3.82B |
Asahi India Glass Limited Technical Analysis
Neutral
1035.15
Price Trends
899.94
Negative
946.41
Negative
900.68
Negative
Market Momentum
-21.41
Negative
51.14
Neutral
63.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAHIINDIA, the sentiment is Neutral. The current price of 1035.15 is above the 20-day moving average (MA) of 831.40, above the 50-day MA of 899.94, and above the 200-day MA of 900.68, indicating a neutral trend. The MACD of -21.41 indicates Negative momentum. The RSI at 51.14 is Neutral, neither overbought nor oversold. The STOCH value of 63.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASAHIINDIA.
Asahi India Glass Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹509.04B | 80.20 | ― | 0.33% | 16.05% | 41.18% | |
69 Neutral | ₹168.69B | 43.96 | ― | 1.15% | -0.24% | -4.87% | |
67 Neutral | ₹217.95B | 65.01 | ― | 0.20% | 5.52% | -0.90% | |
62 Neutral | ₹106.00B | 1,460.95 | ― | 1.94% | 6.12% | -30.31% | |
62 Neutral | ₹16.86B | 22.77 | ― | 0.71% | 4.20% | -31.88% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹108.66B | 64.48 | ― | ― | 5.09% | 458.10% |
* Basic Materials Sector Average
IN:ASAHIINDIA
Asahi India Glass Limited
860.90
200.82
30.42%
IN:HINDCOPPER
Hindustan Copper Ltd
522.50
327.37
167.77%
IN:KAJARIACER
Kajaria Ceramics Limited
1,093.85
300.91
37.95%
IN:NUVOCO
Nuvoco Vistas Corporation Limited
305.15
-9.05
-2.88%
IN:PCBL
PCBL Chemical Limited
271.05
-136.39
-33.47%
IN:SOMANYCERA
Somany Ceramics Limited
416.45
-5.10
-1.21%
Asahi India Glass Limited Corporate Events
Asahi India Glass Independent Director Setsuya Yoshino to Resign in March 2026
Mar 31, 2026
Asahi India Glass Limited has announced that Non-Executive Independent Director Mr. Setsuya Yoshino has tendered his resignation from the board, effective from the close of business on March 31, 2026. Yoshino is stepping down due to his permanent ...
Asahi India Glass Posts Strong Q3 FY26 Revenues Despite One-Off Costs
Jan 31, 2026
Asahi India Glass Limited has published its unaudited financial results for the third quarter and nine months ended 31 December 2025, as carried in national and regional newspapers in compliance with SEBI disclosure norms. The company reported a r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.