Asahi India Glass Ltd
Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Asahi India Glass Ltd
ASAHIINDIA
Price Chart
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value
Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Key Metrics
Forecast & RatingsDetailed Forecast
Analysts have suggested that investors can buy this stock
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Asahi India Glass Limited (AIS) is manufacturing glass in primary or semi-manufactured forms. The Company's segments include Automotive Glass and Float Glass.
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Financial TrendFinancial statements
Holdings TrendDetailed holdings
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter HoldingLower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
Volumes spurt at Asahi India Glass Ltd counter
9 hours ago•Business Standard
Asahi India Glass consolidated net profit rises 117.59% in the September 2021 quarter
12 hours ago•Business Standard
Asahi India Glass standalone net profit rises 117.06% in the September 2021 quarter
12 hours ago•Business Standard
Recent EventsAll events
Outcome of Board Meeting
Asahi India Glass Limited has informed the Exchange regarding Outcome of Board Meeting held on October 27, 2021.Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we furnish herewith the unaudited financial results of the Company for the second quarter and half year ended 30th September, 2021 as considered, approved and taken on record by the Board of Directors of the Company in its meeting held today, 27th October, 2021.Further, based on the assessment of the opportunities available, the Board approved a feasibility study of expansion opportunities for Asahi India Glass Ltd. (AIS) over the next 3-4 years. Besides continuing expansions for automotive glass, AIS is to undertake a detailed study for investments in: a) setting up a greenfield project for a 3rd float glass plant, to be used mainly for internal consumption towards localisation of raw glass for auto & architectural processing, b) possibly, a greenfield expansion of a fourth float glass plant for external sale, c) one additional (total 2) greenfield solar (patterned) glass plant, in a minority partnership with Vishakha Group, and d) other adjacent & downstream value-added business expansions of AIS.The meeting of the Board of Directors commenced at 8:30 a.m. and concluded at 11 a.m.You are requested to kindly take the above on record. | Download
Asahi India Glass Limited has informed the Exchange regarding Outcome of Board Meeting held on October 27, 2021.Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we furnish herewith the unaudited financial results of the Company for the second quarter and half year ended 30th September, 2021 as considered, approved and taken on record by the Board of Directors of the Company in its meeting held today, 27th October, 2021.Further, based on the assessment of the opportunities available, the Board approved a feasibility study of expansion opportunities for Asahi India Glass Ltd. (AIS) over the next 3-4 years. Besides continuing expansions for automotive glass, AIS is to undertake a detailed study for investments in: a) setting up a greenfield project for a 3rd float glass plant, to be used mainly for internal consumption towards localisation of raw glass for auto & architectural processing, b) possibly, a greenfield expansion of a fourth float glass plant for external sale, c) one additional (total 2) greenfield solar (patterned) glass plant, in a minority partnership with Vishakha Group, and d) other adjacent & downstream value-added business expansions of AIS.The meeting of the Board of Directors commenced at 8:30 a.m. and concluded at 11 a.m.You are requested to kindly take the above on record. | Download
Cash Dividend
Final • Div/Share: ₹ 1
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value