Asahi India Glass Limited (IN:ASAHIINDIA)
:ASAHIINDIA
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Asahi India Glass Limited
(ASAHIINDIA)
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Rating:67Neutral
Price Target:
₹898.00
▼(-13.25% 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
Multi-year revenue CAGR of ~14% demonstrates sustained demand and successful market penetration across automotive and construction end markets. Durable top-line expansion supports scale advantages, capacity utilization and reinvestment potential, underpinning mid-term earnings resilience.
Negative Factors
Rising Leverage
Leverage rising to ~1.01 increases financial risk and reduces balance sheet flexibility. Higher debt servicing needs can constrain strategic options, heighten refinancing risk in stress periods, and amplify earnings volatility if cyclical demand weakens or margins compress.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Multi-year revenue CAGR of ~14% demonstrates sustained demand and successful market penetration across automotive and construction end markets. Durable top-line expansion supports scale advantages, capacity utilization and reinvestment potential, underpinning mid-term earnings resilience.
Read all positive factors
Asahi India Glass Limited (ASAHIINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹211.02B
Dividend Yield0.2%
Average Volume (3M)15.13K
Price to Earnings (P/E)65.0
Beta (1Y)0.90
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
Negative
1035.15
Price Trends
893.25
Negative
942.87
Negative
902.19
Negative
Market Momentum
-12.60
Negative
45.60
Neutral
77.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAHIINDIA, the sentiment is Negative. The current price of 1035.15 is above the 20-day moving average (MA) of 830.33, above the 50-day MA of 893.25, and above the 200-day MA of 902.19, indicating a bearish trend. The MACD of -12.60 indicates Negative momentum. The RSI at 45.60 is Neutral, neither overbought nor oversold. The STOCH value of 77.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹509.72B | 80.20 | ― | 0.33% | 16.05% | 41.18% | |
69 Neutral | ₹178.74B | 43.96 | ― | 1.15% | -0.24% | -4.87% | |
67 Neutral | ₹211.02B | 65.01 | ― | 0.20% | 5.52% | -0.90% | |
62 Neutral | ₹105.63B | 1,460.95 | ― | 1.94% | 6.12% | -30.31% | |
62 Neutral | ₹17.33B | 22.77 | ― | 0.71% | 4.20% | -31.88% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹109.50B | 64.48 | ― | ― | 5.09% | 458.10% |
* Basic Materials Sector Average
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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.