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Asahi India Glass Ltd

ASAHIINDIA

Asahi India Glass Ltd

ASAHIINDIA
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹18,094 cr, stock is ranked 381
Moderate RiskStock is 2.48x as volatile as Nifty
733.501.46% (-10.85)
733.501.46% (-10.85)

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Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹18,094 cr, stock is ranked 381
Moderate RiskStock is 2.48x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹18,094 cr, stock is ranked 381
Moderate RiskStock is 2.48x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
59.897.760.27%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.437.400.45%

Forecast & Ratings

Detailed Forecast 
0%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.27%, vs industry avg of 8.46%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.34% to 1.35%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.52%, vs industry avg of 10.9%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,214.412,377.672,661.262,939.312,665.852,466.893,201.124,051.504,373.944,417.98
Raw Materialssubtract799.26881.15926.21983.08889.69735.72953.041,458.181,643.953,692.09
Power & Fuel Costsubtract260.69262.92329.46458.18399.24306.33466.43614.69636.58
Employee Costsubtract202.58237.97267.84279.81274.13262.96289.48322.17359.48
Selling & Administrative Expensessubtract165.68156.780.630.680.700.600.760.861.13
Operating & Other expensessubtract390.60392.80649.95683.44648.28681.00700.05828.01977.50
Depreciation/Amortizationsubtract109.6279.1794.77118.52137.06132.27159.69159.65176.84182.84
Interest & Other Itemssubtract143.92144.20123.74135.21146.06143.15120.96104.61135.89133.84
Taxes & Other Itemssubtract55.1173.1291.2890.2116.9771.79165.93198.45114.59107.06
EPS3.586.157.307.826.325.4714.1815.0113.4912.43
DPS0.601.001.501.001.001.002.002.002.002.00
Payout ratio0.170.160.210.130.160.180.140.130.150.16

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Asahi India Glass Ltd55.177.760.27%
Samvardhana Motherson International Ltd54.415.240.37%
Bosch Ltd45.259.350.98%
Schaeffler India Ltd67.1512.560.67%

Price Comparison

Compare ASAHIINDIA with any stock or ETF
Compare ASAHIINDIA with any stock or ETF
ASAHIINDIA
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing 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 Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding54.23%1.47%0.01%3.94%40.35%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun3.79%3.62%3.68%3.71%3.95%3.94%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing 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

Top 5 Mutual Funds holding Asahi India Glass Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
1.1054%0.33%0.02%99/238 (-16)
Mahindra Manulife Small Cap Fund - Growth - Direct Plan

Growth
0.1593%0.56%-0.01%42/91 (-1)
Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Growth
0.0780%1.22%-0.06%26/76 (+4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ASAHIINDIA has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.26%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.60 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 28, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Aug 28, 2024

Cash Dividend

Ex DateEx DateSep 11, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 11, 2023

Cash Dividend

Ex DateEx DateSep 7, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 7, 2022

Cash Dividend

Ex DateEx DateSep 21, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 21, 2021

Cash Dividend

Ex DateEx DateMar 19, 2020

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Mar 19, 2020

News & Opinions
Spotlight
Volumes soar at Asahi India Glass Ltd counter

Minda Corporation Ltd, Mahindra & Mahindra Financial Services Ltd, IIFL Finance Ltd, Garden Reach Shipbuilders & Engineers Ltd are among the other stocks to see a surge in volumes on NSE today, 20 September 2024.Asahi India Glass Ltd clocked volume of 43.26 lakh shares by 14:14 IST on NSE, a 20.54 times surge over two-week average daily volume of 2.11 lakh shares. The stock gained 8.84% to Rs.771.10. Volumes stood at 6.34 lakh shares in the last session.Minda Corporation Ltd witnessed volume of 85.49 lakh shares by 14:14 IST on NSE, a 13.05 times surge over two-week average daily volume of 6.55 lakh shares. The stock increased 7.44% to Rs.558.85. Volumes stood at 8.94 lakh shares in the last session.Mahindra & Mahindra Financial Services Ltd recorded volume of 139.69 lakh shares by 14:14 IST on NSE, a 7.66 times surge over two-week average daily volume of 18.24 lakh shares. The stock lost 0.74% to Rs.321.25. Volumes stood at 17.75 lakh shares in the last session.IIFL Finance Ltd witnessed volume of 402.74 lakh shares by 14:14 IST on NSE, a 7.59 times surge over two-week average daily volume of 53.09 lakh shares. The stock increased 8.39% to Rs.537.55. Volumes stood at 121.88 lakh shares in the last session.Garden Reach Shipbuilders & Engineers Ltd registered volume of 38.24 lakh shares by 14:14 IST on NSE, a 5.33 fold spurt over two-week average daily volume of 7.17 lakh shares. The stock rose 9.67% to Rs.1,865.45. Volumes stood at 21.51 lakh shares in the last session.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Asahi India Glass announces cessation of director

Asahi India Glass announced that Rahul Rana (DIN: 00476406), has completed his second term of five years as an Independent Director and consequently ceased to be a Director of the Company w.e.f. the closure of business hours on 5 August 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live

Board of Asahi India Glass approves change in directorate

2 months agoBusiness Standard
Corporate
Board of Asahi India Glass approves change in directorate

The board of Asahi India Glass at its meeting held on 31 July 2024 has approved the appointment of Kamaljit Kalkat (DIN: 1072371 1) as an Additional Director in the capacity of Independent Director on the Board of Directors of the Company for a period of _five consecutive years w.e.f. 6 August 2024. The board also noted the completion of tenure of Rahul Rana (DIN: 00476406), Independent Director of the Company w.e.f. the closure of business hours on 5 August 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live

Asahi India Glass consolidated net profit declines 24.88% in the June 2024 quarter

2 months agoBusiness Standard
Earnings
Asahi India Glass consolidated net profit declines 24.88% in the June 2024 quarter

Net profit of Asahi India Glass declined 24.88% to Rs 77.99 crore in the quarter ended June 2024 as against Rs 103.82 crore during the previous quarter ended June 2023. Sales rose 4.32% to Rs 1125.12 crore in the quarter ended June 2024 as against Rs 1078.50 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1125.121078.50 4 OPM %16.1219.36 - PBDT153.86181.22 -15 PBT107.15140.51 -24 NP77.99103.82 -25 Powered by Capital Market - Live

2 months agoCapital Market - Live

Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid

2 months agoBusiness Standard
Corporate
Asahi India Glass to table results

Asahi India Glass will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Titan, PNB, Asahi India look strong on charts. What should investors do on Wednesday?

1 year agoMoneycontrol

Reduce Asahi India Glass; target of Rs 503: ICICI Securities

1 year agoMoneycontrol