MarketFriction

Asahi India Glass Ltd

NSE ASAHIINDIA · BSE 515030 · Auto Components & Equipments
₹944.25 -1.52%
NSE close2026-10-01
52 week range775.10 - 1,074.00
Market cap₹24,421 Cr.
P/E54.7
Nifty 500Smallcap 250 Price band 20% Delivery 45.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1201,0441,1051,1331,1581,1241,1801,2291,1511,2561,3541,413
Expenses9348809279519459499831,0369631,0051,0671,089
Operating Profit186163178181213175197192188250287325
OPM %17%16%16%16%18%16%17%16%16%20%21%23%
Other Income822574691111-2106
Interest343433323132335959434247
Depreciation434648474849496869737581
Profit before tax117851001071411401247671133180203
Tax %26%26%27%28%33%26%26%28%18%25%26%26%
Net Profit866373779510592555899133149
EPS in Rs3.572.613.043.213.934.343.802.312.223.905.205.85
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,2092,3452,6332,9132,6432,4213,1704,0194,3414,5944,9825,175
Expenses1,8161,9302,1692,4032,2091,9872,4103,2243,6173,8284,0724,125
Operating Profit3934154645104354357617957247669101,050
OPM %18%18%18%18%16%18%24%20%17%17%18%20%
Other Income33123241946313332673725
Interest144144124135146143121105136128204191
Depreciation1107995119137132160160177192285298
Profit before tax142223269280171205511563443513459586
Tax %42%33%35%33%11%36%33%36%27%28%25%
Net Profit85150176188151131343362325367345439
EPS in Rs3.586.157.307.826.325.4714.1815.0113.4915.2713.5217.17
Dividend Payout %17%16%21%13%16%18%14%13%15%13%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%16%7%10%
Compounded Profit Growth14%22%-2%37%
Stock Price CAGR18%22%15%12%
Return on Equity15%15%12%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital242424242424242424242425
Reserves2573309021,0511,1911,2781,4151,7382,0502,3292,6453,907
Borrowings1,4191,3191,2211,3731,6431,7621,5661,2381,4011,9682,6962,198
Other Liabilities5605986828338317997687761,1041,1791,4251,642
Total Liabilities2,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,7907,772
Fixed Assets1,1431,1341,5881,9071,9562,0352,2212,3232,3952,6164,0464,534
CWIP41658511445348926291235826562445
Investments1619274248556985112855078
Other Assets1,0601,0541,1291,2181,2321,2841,2221,2781,8391,9722,1322,716
Total Assets2,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,7907,772
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity50230418449424293516586402653720502
Cash from Investing Activity-69-124-190-448-512-214-84-79-320-924-1,191-665
Cash from Financing Activity24-100-249-191-93-382-479-52330458245
Net Cash Flow47-2113-1451282959-1382
Free Cash Flow-2110523213-809043350992-244-536-139
CFO/OP20%74%118%117%101%71%136%99%76%106%113%68%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days464438453436402831303537
Inventory Days250236252240273310284285271221243302
Days Payable139132161230252248277246225190219219
Cash Conversion Cycle1581481295655984767776160120
Working Capital Days-19-282-17-31-35-3171-11-133
ROCE %12%17%19%17%16%11%11%21%21%15%12%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.23%54.22%54.22%54.22%54.22%54.22%54.19%54.09%51.58%51.58%51.58%51.58%
FIIs3.68%3.71%3.94%3.94%4.01%4.19%4.15%3.74%4.87%4.88%4.85%4.85%
DIIs1.83%1.91%1.44%1.47%1.55%1.62%1.63%1.78%5.16%5.25%5.35%5.26%
Public40.26%40.15%40.37%40.34%40.20%39.96%40.01%40.40%38.39%38.30%38.23%38.31%
No. of Shareholders62,82559,97063,46560,22762,83663,20065,56463,61164,20966,69264,53964,157

Fundamentals

Market Cap₹ 24,421 Cr.
Current Price₹ 958
Stock P/E54.7
Book Value₹ 154
ROCE11.5 %
ROE10.3 %
Dividend Yield0.21 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)37%
Consolidated figures.
Valuation
Market capRs 24,072 Cr
Enterprise valueRs 26,024 Cr
P/E (TTM)55.01x
Price to book6.12x
Price to sales4.65x
EV / EBITDA24.22x
EV / EBIT33.50x
EV / sales5.03x
Price to cash flow47.98x
Earnings yield1.82%
Dividend yield0.21%
P/E, 3-year average45.73x
P/B, 3-year average5.37x
P/E, 5-year average39.54x
P/B, 5-year average5.47x
Profitability
Operating margin (excl. other income)18.27%
Operating margin (incl. other income)19.01%
EBITDA margin20.77%
Pre-tax margin11.32%
Net profit margin8.46%
Net margin, latest quarter10.55%
ROE10.44%
ROCE11.53%
ROA4.73%
ROE, 3-year average13.35%
ROCE, 3-year average13.20%
ROA, 3-year average5.76%
ROE, 5-year average16.12%
ROCE, 5-year average16.25%
ROA, 5-year average7.03%
ROIC (approx.)9.93%
Tax rate24.79%
Other income / net worth0.94%
Growth
Sales growth (latest year)8.44%
Profit growth (latest year)-7.16%
Sales CAGR, 3 years7.43%
Sales CAGR, 5 years15.53%
Profit CAGR, 3 years-1.88%
Profit CAGR, 5 years20.97%
Sales growth QoQ4.38%
Profit growth QoQ12.53%
Sales growth YoY (latest quarter)15.03%
Profit growth YoY (latest quarter)165.41%
Per share
EPS (TTM)Rs 17.17
EPS (latest year)Rs 13.52
EPS (latest quarter)Rs 5.85
EPS, 3-year averageRs 14.10
EPS, 5-year averageRs 14.30
Book value per shareRs 154.24
Sales per shareRs 202.98
Cash flow per shareRs 19.68
Free cash flow per shareRs -5.45
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout14.79%
Dividend payout, 3-year average14.24%
Dividend payout, 5-year average14.03%
Efficiency
Asset turnover0.64x
Fixed asset turnover1.10x
Inventory turnover2.65x
Inventory days138 days
Debtor days37 days
Debtors turnover9.79x
Creditor days219 days
Cash conversion cycle120 days
Working capital days33 days
Leverage
Total debtRs 2,198 Cr
Cash and bankRs 245 Cr
Net debtRs 1,953 Cr
Debt to equity0.56x
Net debt / EBITDA1.82x
Interest coverage4.06x
Current ratio (filing 2026-03-31)1.43x
Quick ratio (filing 2026-03-31)0.68x
Trade payables (filing 2026-03-31)Rs 891 Cr
Owners' fund to total sources50.59%
Debt to assets28.28%
Cash flow
Cash from Operating Activity (latest year)Rs 502 Cr
Cash from Investing Activity (latest year)Rs -665 Cr
Cash from Financing Activity (latest year)Rs 245 Cr
Net Cash Flow (latest year)Rs 82 Cr
Free cash flow (latest year)Rs -139 Cr
FCFE (approx.: FCF + change in debt)Rs -637 Cr
Cash from ops / profit, 5 years1.64x
Sales to cash flow9.93x
Statement figures
Net sales (TTM)Rs 5,175 Cr
Net sales (latest year)Rs 4,982 Cr
Sales (latest quarter)Rs 1,413 Cr
Operating profit excl. other income (latest year)Rs 910 Cr
Operating profit (latest quarter)Rs 325 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 1,075 Cr
PBDT (TTM)Rs 883 Cr
Profit before tax (TTM)Rs 586 Cr
Tax (latest year)Rs 114 Cr
Net profit (TTM)Rs 438 Cr
Net profit (latest year)Rs 345 Cr
Net profit (latest quarter)Rs 149 Cr
Depreciation (TTM)Rs 298 Cr
Depreciation (latest quarter)Rs 81 Cr
Interest (TTM)Rs 191 Cr
Cost of goods sold (latest year)Rs 3,251 Cr
Total expenditure (latest year)Rs 4,072 Cr
Total income (latest year)Rs 5,019 Cr
Share capitalRs 25 Cr
ReservesRs 3,907 Cr
Shareholders' fundsRs 3,932 Cr
Total assetsRs 7,772 Cr
Net blockRs 4,534 Cr
Capital work in progressRs 445 Cr
InvestmentsRs 78 Cr
ReceivablesRs 509 Cr
InventoryRs 1,227 Cr
Other liabilitiesRs 1,642 Cr
Shares outstanding (crore)25.49
Ownership
Promoter holding51.58% (-2.51 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 55.0 is at the 64th percentile of its own 9.4-year range (median 47.9, low 20.9, high 106.6).
P/B 6.12 is at the 28th percentile (median 7.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodASAHIINDIANifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month-0.7%-6.8% +6.1 pts
3 months+8.1%-7.6% +15.7 pts
6 months+20.4%+0.4% +20.0 pts
1 year+3.8%-9.9% +13.7 pts
2 years+15.1%-13.6% +28.6 pts
3 years+50.3%+14.2% +36.2 pts
5 years+164.2%+27.9% +136.3 pts
43 mutual fund schemes hold about ₹1,239 Cr. Over three months 3 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.59%486 -2%
Motilal Oswal Small Cap Fund2.06%168 -6%
SBI Children's Fund-Investment Plan1.89%147 -7%
Mahindra Manulife Small Cap Fund1.39%76 -8%
Aditya Birla SL Multi-Cap Fund0.93%70 +5%
SBI Automotive Opportunities Fund1.20%69 -12%
Aditya Birla SL Value Fund0.83%58 -1%
Aditya Birla SL MNC Fund1.69%56 +2%
Aditya Birla SL Transportation and Logistics Fund1.31%22 -10%
Nippon India Nifty Smallcap 250 Index Fund0.52%18 -0%
Mahindra Manulife Business Cycle Fund1.32%18 +1%
SBI Nifty Smallcap 250 Index Fund0.52%9 -0%
Mahindra Manulife Value Fund0.84%9 -10%
Motilal Oswal Nifty Smallcap 250 Index Fund0.52%7 -0%
Motilal Oswal Contra Fund1.51%7 +100%
ICICI Pru Nifty Smallcap 250 Index Fund0.52%4 -0%
HDFC NIFTY Smallcap 250 Index Fund0.52%4 -0%
JioBlackRock Nifty Smallcap 250 Index Fund0.52%2 -0%
Motilal Oswal Nifty 500 Index Fund0.06%2 +1%
Edelweiss Nifty Smallcap 250 Index Fund0.52%1 -0%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 -5%
Groww Nifty Smallcap 250 Index Fund0.52%1 -0%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.13%1 +1%
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund0.47%1 -10%
Bandhan Nifty Smallcap 250 Index Fund0.52%1 -0%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-02Mr. Sanjay LabrooPromotersother200,000Rs 17.06 CrPledge Creation
2025-12-22V. D. Nanda KumarPromoter Groupother5,000Rs 0.50 CrPledge Creation
2025-11-20V. D. Nanda KumarPromoter Groupother5,000Rs 0.50 CrPledge Creation
2025-11-11V. D. Nanda KumarPromoter Groupother5,000Rs 0.48 CrPledge Creation
2025-09-26Mr. Sanjay LabrooPromotersother400,000Rs 36.27 CrRevokation of Pledge
2025-09-23LANS Business LLPPromoter Groupbuy25,000Rs 2.23 CrMarket Purchase
2025-08-25Ashok Kanhayalal MongaPromoter Groupsell2,500Rs 0.22 CrMarket Sale
2025-08-22Ashok Kanhayalal MongaPromoter Groupsell4,500Rs 0.40 CrMarket Sale
2025-08-21KRISHNA CHAMANLAL TIKUPromoter Groupsell3,689Rs 0.33 CrMarket Sale
2025-08-21Ashok Kanhayalal MongaPromoter Groupsell5,000Rs 0.44 CrMarket Sale
2025-08-19Ashok Kanhayalal MongaPromoter Groupsell2,000Rs 0.17 CrMarket Sale
2025-08-18KRISHNA CHAMANLAL TIKUPromoter Groupsell10,000Rs 0.85 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,413 Cr +15.0% vs Jun 2025. Net profit ₹149 Cr +170.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 2 Per Share
2025-09-03Dividend - Rs 2 Per Share
2024-08-28Annual General Meeting / Dividend - Rs 2 Per Share
2023-09-11Annual General Meeting/Dividend - Rs 2 Per Share
2022-09-07Annual General Meeting/Dividend - Rs 2 Per Share
2021-09-21 Annual General Meeting/Dividend - Re 1 Per Share
2020-09-16 Annual General Meeting
2020-03-19 Interim Dividend - Re 1 Per Share
2019-07-29 Annual General Meeting/Dividend Re 1 Per Share
2018-07-30 Annual General Meeting/Dividend- Rs 1.50 Per Share
2017-08-02 Annual General Meeting/Dividend - Re 1/- Per Share
2016-08-04 Annual General Meeting/Dividend Re 0.60 Per Share
2015-07-29Annual General Meeting
2014-07-30Annual General Meeting
2013-07-26Rights 13:25 @ Premium Rs 29/- Per Share
2012-08-01Annual General Meeting
2011-07-20Annual General Meeting
2010-07-22Annual General Meeting
2009-07-22Annual General Meeting
2008-07-24Annual General Meeting
2007-07-19Agm
2007-03-22Int Div-Re.0.65 Per Sharepurpose Revised
2006-07-21Agm/Div-Re.0.60/- Per Sh
DateTypeWhat it says
2026-09-22Shareholder meetingScrutinisers Report along with voting results of 41st Annual General Meeting held on 18th September, 2026
2026-09-18Shareholder meetingSummary of proceedings of 41st Annual General Meeting held on September 18, 2026
2026-08-28General UpdatesCommunication sent to Shareholders.
2026-08-27General UpdatesBRSR FY 2025-26
2026-08-27Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026
2026-08-20General UpdatesThe Communication sent to Shareholders regarding the transfer of Equity Shares and unclaimed dividend to Investor Education and Protection Fund
2026-08-19General UpdatesThe Communication sent to shareholders of the Company regarding deduction of tax at source (TDS) on payment of Final Dividend for FY 2025-26.
2026-08-05Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-05General UpdatesConvening of 41st Annual General Meeting ( AGM ) of the Company on Friday, 18th September, 2026 through Video Conferencing ( VC ) / Other Audio Visual...
2026-08-05AppointmentRe-appointment of Mr Masao Fukami as Executive Director of the company w.e.f. January 01, 2027.
2026-08-05Board meeting outcomeOutcome of Board Meeting held on August 05, 2026.
2026-08-05Board meeting outcomeAsahi India Glass Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-15Disclosure under SEBI TakeovAsahi India Glass Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-12Disclosure under SEBI TakeovAsahi India Glass Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-12Disclosure under SEBI TakeovAsahi India Glass Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-05-27General UpdatesThe declaration with respect to the unmodified opinion on Financial Results of the Company for the Fourth quarter and year ended 31st March, 2026
2026-05-27Board meeting outcomeOutcome of Board Meeting held on May 27, 2026.
2026-05-27DividendBoard of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-27Board meeting outcomeAsahi India Glass Limited has submitted to the Exchange, the financial results for the quarter and financial year ended March 31, 2026.
2026-05-12Shareholder meetingVoting results.
2026-05-08Disclosure under SEBI TakeovMaruti Suzuki India Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-04Disruption of OperationsIntimation under Regulation 30 of SEBI (LODR), Regulations, 2015
2026-04-09Shareholder meetingNotice of Postal Ballot
2026-03-31Resignation of Independent dResignation of Independent director.
2026-03-31ResignationResignation of Mr Setsuya Yoshino as Non- Executive Independent Director of the company w.e.f. March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2018-06-19CESTATASAHI INDIA GLASS LTD ---VS.--- SERVICE TAX - DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Asahi India Glass Ltd?

Asahi India Glass Ltd (ASAHIINDIA) has a market capitalisation of Rs 24,421 Cr. at the 2026-10-01 close.

What is the P/E ratio of Asahi India Glass Ltd?

Asahi India Glass Ltd trades at a P/E of 54.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Asahi India Glass Ltd's latest quarterly results?

In the Jun 2026 quarter, Asahi India Glass Ltd sales was Rs 1,413 Cr (+15.0% vs Jun 2025) and net profit was Rs 149 Cr.

What is the 52-week high and low of Asahi India Glass Ltd?

The 52-week high is Rs 1,074.00 and the 52-week low is Rs 775.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03