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Glass Stocks: List of Glass Sector Stocks

According to recent estimates, the Indian glass manufacturing market, which includes container glass, flat glass, fibre glass, and other segments, is expected to grow at a compound annual growth rate (CAGR) of around 7.7% between 2025 and 2030. This growth reflects rising demand from construction, infrastructure, automobiles, packaging, and renewable energy. As these sectors expand, the glass industry continues to play a key supporting role in India’s industrial and urban development.

Top Glass Stocks in 2025

Building Products - Glass Stock Screener

Building Products - Glass Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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last updated at 9:45 PM IST 
NameStocks (8)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Hardwyn India LtdHARDWYNBuilding Products - GlassBuilding Products - Glass874.30874.3017.9017.9077.7877.788.298.296.856.8525.1725.17-21.08-21.082.192.192.862.864.274.27--0.020.023.363.36
2.Sejal Glass LtdSEJALLTDBuilding Products - GlassBuilding Products - Glass851.99851.99843.55843.5577.6777.67-3.16-3.164.954.9568.2668.2636.6336.6322.1322.1332.2732.2715.5715.57--4.754.754.134.13
3.Kaka Industries LtdKAKABuilding Products - GlassBuilding Products - Glass311.45311.45228.00228.0024.2224.221.331.33-4.26-4.2611.1911.19-28.30-28.304.844.8422.2122.2123.9623.96--1.121.123.283.28
4.Agarwal Toughened Glass India LtdAGARWALTUFBuilding Products - GlassBuilding Products - Glass220.84220.84124.95124.9514.5614.565.895.89-21.82-21.822.672.67-0.75-0.752.342.3427.4227.4219.9119.91--0.360.364.464.46
5.Bansal Roofing Products LtdBRPLBuilding Products - GlassBuilding Products - Glass145.02145.02110.05110.0526.2726.271.381.38-7.18-7.182.092.0927.1827.184.384.3818.1818.1822.0222.020.910.910.150.153.253.25
6.Royal Cushion Vinyl Products LtdROYALCUBuilding Products - GlassBuilding Products - Glass78.6778.6721.4021.4034.3534.35-6.47-6.4715.1515.15-23.84-23.84-24.99-24.99-2.74-2.74--57.8557.85----2.852.85
7.Triveni Glass LtdTRIVENIGQBuilding Products - GlassBuilding Products - Glass11.6911.699.619.61129.84129.840.840.84-20.98-20.98-32.84-32.84-54.69-54.69-0.79-0.79---0.61-0.61----3.993.99
8.Aviva Industries LtdAVIVABuilding Products - GlassBuilding Products - Glass8.598.5957.3057.30-95.44-95.440.000.006.116.1123.6823.68102.19102.192.832.83-2.93-2.93-2.37-2.37--0.250.252.362.36
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Building Products - Glass | Market Cap: Sorted from Highest to Lowest

Overview of Top Glass Stocks in India

Hardwyn India Ltd

Hardwyn India Ltd was founded in 2017 and operates in the architectural hardware and glass fittings segment. The company supplies products such as door handles, glass connectors, hinges, and locking systems used in residential and commercial buildings. Its products support interior finishing and structural glass installations.

Sejal Glass Ltd

Sejal Glass Ltd was founded in 1991 as a glass trading business and later expanded into glass processing. The company supplies processed architectural glass used in office buildings, shopping complexes, and residential projects. Its operations also support export demand for construction-grade glass.

Kaka Industries Ltd

Kaka Industries Ltd was founded in 2005 and manufactures PVC and WPC-based building products. Its product range includes doors, window frames, wall panels, furniture boards, and modular kitchen components. These products are widely used in housing and commercial construction.

Agarwal Toughened Glass India Ltd

Agarwal Toughened Glass India Ltd was founded in 2009 and focuses on processing value-added glass products. The company manufactures toughened, laminated, and insulated glass used in buildings, railings, partitions, and safety installations. Its operations cater mainly to urban construction demand.

Bansal Roofing Products Ltd

Bansal Roofing Products Ltd was founded in 2008 and operates in the roofing and pre-engineered buildings segment. The company manufactures colour-coated roofing sheets, polycarbonate sheets, and steel structures used in warehouses, factories, and industrial sheds.

What are Glass Stocks in India?

Glass stocks in India refer to shares of companies that manufacture or process glass products for use across construction, automobiles, packaging, solar energy, consumer goods, and pharmaceuticals.

How to Invest in Glass Stocks?

Investing in glass stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in glass stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for “Glass Stocks”: Go to Tickertape Stock Screener and set the “Sub-sector: Building Products - Glass” filter
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top glass companies in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Glass Stocks

Infrastructure Demand

Glass companies supply essential materials for real estate, offices, malls, highways, and industrial buildings. Sector demand moves in line with construction and infrastructure activity.

Diverse Applications

Glass is used across automobiles, real estate, food and beverage packaging, pharmaceuticals, and solar panels. This spreads demand across several sectors rather than one single industry.

Safety Glass Use

Urban construction increasingly uses toughened, laminated, and energy-efficient glass. This supports steady demand for value-added glass products over basic glass.

Renewable Linkage

Solar glass and specialised industrial glass connect the sector to renewable energy and manufacturing growth, adding another demand layer beyond construction.

Export Potential

Several glass manufacturers in India export architectural and speciality glass to overseas markets. Export orders allow companies to diversify their revenue sources.

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Risks of Investing in Glass Stocks

Cyclical Demand

Glass demand moves closely with construction, real estate, infrastructure, and automobile production. Slow project execution, weak housing sales, or lower vehicle output can reduce glass consumption and affect company revenues.

Energy Intensity

Glass manufacturing requires continuous high-temperature furnaces that depend heavily on power and fuel. Rising electricity, natural gas, or furnace oil prices can directly impact production costs and operating margins.

Raw Material Costs

Key inputs such as soda ash, silica sand, limestone, and additives are vulnerable to supply disruptions and global price changes. Cost volatility can affect profitability if companies are unable to pass it on.

High Competition

The sector has large organised players along with several regional and SME manufacturers. Price-based competition, especially in float and container glass, can cap margins during weak demand phases.

Capacity Risks

Glass plants require heavy upfront investment and long furnace operating cycles. Overcapacity, delayed demand recovery, or shutdowns for maintenance can impact output, cash flow, and return ratios.

Factors to Consider Before Investing Glass Stocks

Demand Drivers

Glass demand depends on construction, infrastructure spending, automobile production, packaging needs, and solar installations. Movement in any of these sectors directly affects order volumes and revenue visibility for glass manufacturers in India.

Product Mix

Companies that focus on processed and speciality glass, such as toughened, laminated, insulated, or solar glass, operate in higher-value segments than those that produce basic float or container glass. The product mix shapes pricing power, margin stability, and long-term demand.

Energy Exposure

Glass manufacturing uses continuous high-temperature furnaces that consume large amounts of electricity and fuel. Changes in power tariffs, gas prices, and fuel costs directly affect operating profitability.

Raw Materials

Key inputs such as soda ash, silica sand, limestone, and additives drive production costs. Supply disruptions, import dependence, or sharp price changes in these materials impact cost control and margins.

Capacity Scale

Furnace size, plant age, capacity utilisation, and expansion timelines shape production efficiency. Industry overcapacity creates pricing pressure, while underutilised plants increase cost burdens.

End-user Spread

Companies that supply real estate, automobiles, packaging, and solar segments reduce dependence on a single demand cycle. Wider customer and sector coverage supports better revenue stability.

Conclusion

Glass stocks in India benefit from steady demand across construction, infrastructure, automobiles, packaging, and solar energy. Processed and speciality glass, export demand, and diversified end-use segments support business visibility for several companies. At the same time, the sector faces risks from cyclical demand, high energy usage, raw material cost fluctuations, competitive pricing, and heavy capital requirements. These opposing forces shape performance across market phases. For a clearer view of how individual glass stocks compare on revenue, margins, debt, and valuations, Investors can track them using the Tickertape Stock Screener that comes with more than 200 filters.

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Frequently Asked Questions on Glass Stocks

  1. What are glass stocks?

    Glass stocks refer to shares of companies that manufacture, process, or supply glass products used in construction, automobiles, packaging, solar panels, and industrial applications.

  2. How to invest in glass stocks?

    Here's how you can invest in glass stocks in India:
    1. Go to the Tickertape Stock Screener
    2. In the 'glass' sector, select 'Building Products - Glass'.
    3. Analyse and sort the glass companies using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click 'Place Order' to invest in your preferred glass stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. What are some of the top glass stocks?

    As of 8th December 2025, some of the best glass stocks as per market capitalisation include:
    1. Hardwyn India Ltd
    2. Sejal Glass Ltd
    3. Kaka Industries Ltd
    4. Agarwal Toughened Glass India Ltd
    5. Bansal Roofing Products Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting the glass share price?

    The glass share prices respond to construction activity, automobile production, raw material costs, energy prices, export demand, capacity expansion, debt levels, and overall market sentiment.

  5. What is the future projection of glass stocks?

    The glass sector remains linked to infrastructure growth, urban construction, renewable energy adoption, and industrial demand. Performance depends on how these end-use sectors evolve.

  6. How to choose glass stocks for investing?

    While exploring glass stocks in India, it’s important to compare companies based on product mix, financial strength, capacity scale, demand exposure, debt levels, and margin stability before making decisions.

    Disclaimer: Please note that the above information is for educational purposes only.

  7. Do glass stocks offer regular dividends?

    Dividend payouts in the glass sector depend on profitability, cash flow stability, debt levels, and expansion plans. Some companies distribute dividends, while others reinvest profits for growth.

    Disclaimer: Please note that the above information is for educational purposes only. For the latest data on dividends, please refer to the Tickertape Stock Screener.

  8. Are glass stocks a good investment for the long term?

    Glass stocks reflect both long-term demand from infrastructure and recurring business risks from energy costs and cyclical demand. Long-term outcomes depend on company-specific execution and sector conditions.

    Disclaimer: Please note that the above information is for educational purposes only.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.