Asahi India Glass Limited
NSE: ASAHIINDIA · Auto Components & Equipments · sector
₹906.55NSE close 2026-10-26
Key numbers
Market cap₹23,108 cr
Price₹906.55
52w high / low₹1,074 / ₹775
P/E52.8xSector median 24.3x
P/B5.9xSector median 3.3x
Book value₹154.3
Dividend yield0.21%Sector median 0.55%
ROE13.3%Sector median 14.0%
ROCE13.0%Sector median 15.8%
OPM20.1%Sector median 11.6%
Debt / equity0.52xSector median 0.28x
EV/EBITDA24.0xSector median 13.0x
Interest cover4.1x
Current ratio1.43x
Sales growth 3y+7.5%Sector median +9.0%
Profit growth 3y-1.9%Sector median +9.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹245 cr vs borrowings ₹2,059 cr (FY26): borrowings are higher by ₹1,813 cr.
- Operating profit covered interest 4.1x in the last 12 months.
- 3.38% of the promoters' shares are pledged (1.7% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹906.55 on 2026-10-26: -15.6% from the 52-week high, +17.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,066.40 · low ₹598.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,158 | 1,124 | 1,180 | 1,229 | 1,151 | 1,256 | 1,354 | 1,413 |
| EBITDA | 213 | 207 | 197 | 192 | 188 | 239 | 287 | 325 |
| OPM % | 18.4% | 18.4% | 16.7% | 15.7% | 16.4% | 19.0% | 21.2% | 23.0% |
| Other income | 6 | 14 | 9 | 11 | 11 | 10 | 9 | 6 |
| Net profit | 95 | 105 | 92 | 56 | 57 | 100 | 132 | 149 |
| EPS (₹) | 3.93 | 4.34 | 3.80 | 2.31 | 2.22 | 3.90 | 5.20 | 5.85 |
| Revenue YoY | -0.6% | +11.7% | +14.8% | +15.0% | ||||
| Profit YoY | -40.8% | -5.6% | +43.4% | +165.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,173 | 4,019 | 4,357 | 4,594 | 4,990 | 5,175 |
| EBITDA | 764 | 795 | 738 | 798 | 906 | 1,039 |
| Net profit | 345 | 365 | 328 | 371 | 345 | 438 |
| EPS (₹) | 14.18 | 15.01 | 13.49 | 15.27 | 13.82 | 17.17 |
| Revenue growth | +26.6% | +8.4% | +5.5% | +8.6% | +10.3% | |
| Profit growth | +5.8% | -10.1% | +13.2% | -7.2% | +25.2% | |
| Dividend / share (₹) | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.5% | +15.4% | +10.3% |
| Net profit | -1.9% | +21.0% | +25.2% |
| EPS | -2.7% | +20.4% | – |
| Share price | – | +12.5% (2y) | -4.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,075 | 2,353 | 2,669 | 3,932 |
| Borrowings | – | 1,353 | 1,879 | 2,530 | 2,059 |
| Cash & equivalents | – | 118 | 179 | 165 | 245 |
| Total assets | – | 4,580 | 5,500 | 6,790 | 7,772 |
| Fixed assets | – | 1,945 | 2,093 | 3,454 | 3,970 |
| Capital work in progress | – | 235 | 826 | 562 | 445 |
| Investments | – | 112 | 85 | 50 | 78 |
| Receivables | – | 337 | 354 | 442 | 509 |
| Inventory | – | 1,028 | 994 | 1,119 | 1,227 |
| Payables | – | 852 | 855 | 1,005 | 891 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 614 | 418 | 661 | 723 | 502 |
| Cash from investing | -79 | -320 | -924 | -1,191 | -665 |
| Cash from financing | -479 | 999 | 1,511 | 458 | 245 |
| Capex | 101 | 325 | 901 | 1,268 | 666 |
| Free cash flow | 512 | 93 | -240 | -545 | -165 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.6% | 13.9% | 13.9% | 8.8% |
| ROCE % | – | 19.0% | 13.5% | 12.3% | 11.1% |
| Debtor days | – | 31 | 30 | 35 | 37 |
| Inventory days | – | 271 | 221 | 243 | 302 |
| Payable days | – | 225 | 190 | 219 | 219 |
| Cash conversion cycle (days) | – | 77 | 61 | 59 | 120 |
| Working capital days | – | 12 | 4 | 12 | 51 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.57% |
| FIIs | 4.60% |
| DIIs | 5.17% |
| of which Mutual funds | 5.14% |
| of which Insurance | 0.03% |
| Public (non-institutions) | 38.66% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.23% | 54.20% | 54.09% | 51.57% | 51.57% | 51.57% | 51.57% | 51.57% |
| Promoter group | % |
|---|---|
| Asahi Glass Co., Ltd | 21.18% |
| Sanjay Labroo | 11.47% |
| Maruti Suzuki India Ltd | 10.59% |
| Essel Marketing (P) Ltd | 1.58% |
| Leena S Labroo | 1.38% |
| Anuradha Mahindra | 1.31% |
| Shashi Palamand | 0.61% |
| Suryanarayana Rao Palamand | 0.61% |
| Pradeep Beniwal | 0.32% |
| Nisheeta Labroo | 0.28% |
| Aneesha Labroo | 0.25% |
| Tarun R Tahiliani | 0.22% |
| Bharat Roy Kapur | 0.16% |
| Allied Fincap Services Private Limited | 0.16% |
| Satya Nand | 0.14% |
| Public holders above 1% | % |
|---|---|
| Nemish S Shah | 4.36% |
| Gagandeep Credit Capital Pvt Ltd | 3.36% |
| Hiten Anantrai Sheth | 2.35% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 2.08% |
| Shamyak Investment Private Limited | 2.02% |
| Prescient Wealth Management Private Limited | 2.00% |
| Anuj A Sheth | 1.37% |
| Nemish S Shah | 1.32% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.03% |
| Theleme India Master Fund Limited | 1.01% |
64,321 shareholders. Pledged: 3.38% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| ASAHIINDIA | ₹23,108 cr | 52.8x | 5.9x | 13.3% | 13.0% | 20.1% | +7.5% | 0.21% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Automotive Glass | ₹3,383 cr | 57.0% | ₹367 cr | 10.9% |
| Float Glass | ₹1,754 cr | 29.5% | ₹247 cr | 14.1% |
| Others | ₹803 cr | 13.5% | ₹26 cr | 3.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-03 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-28 | Dividend | Annual General Meeting / Dividend - Rs 2 Per Share |
| 2023-09-11 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-09-07 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-09-21 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-16 | Other | Annual General Meeting |
| 2020-03-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2019-07-29 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2018-07-30 | Dividend | Annual General Meeting/Dividend- Rs 1.50 Per Share |
| 2017-08-02 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2016-08-04 | Dividend | Annual General Meeting/Dividend Re 0.60 Per Share |
| 2015-07-29 | Other | Annual General Meeting |
| 2014-07-30 | Other | Annual General Meeting |
| 2013-07-26 | Rights | Rights 13:25 @ Premium Rs 29/- Per Share |
| 2012-08-01 | Other | Annual General Meeting |
| 2011-07-20 | Other | Annual General Meeting |
| 2010-07-22 | Other | Annual General Meeting |
| 2009-07-22 | Other | Annual General Meeting |
| 2008-07-24 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing and Processing of Glass: Manufacturing: Clear, Tinted, Reflective, Mirror, Back painted and Frosted Glass. Processing: Laminated, Toughened and White Goods Glass.
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | ASAHIINDIA |
| BSE code | 515030 |
| ISIN | INE439A01020 |
| Face value | ₹1.0 |
| Incorporated | 1984-12-10 |
| Website | www.aisglass.com |
| Plants (India / abroad) | 14 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.