Asahi India Glass Ltd
Asahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).
AIS provides end to end solutions in the entire glass value chain - from the manufacturing of
float glass, processing, fabrication to installation services. As a sand-to-solutions company, AIS
offers varied types of glass products and services to its customers in India and across the globe. [1]
- Market Cap ₹ 17,011 Cr.
- Current Price ₹ 700
- High / Low ₹ 722 / 492
- Stock P/E 50.7
- Book Value ₹ 99.3
- Dividend Yield 0.29 %
- ROCE 15.0 %
- ROE 14.8 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 7.05 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Glass & Glass Products Industry: Glass & Glass Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,913 | 2,143 | 2,057 | 2,168 | 2,307 | 2,590 | 2,859 | 2,599 | 2,380 | 3,110 | 3,918 | 4,162 | |
1,746 | 1,912 | 1,740 | 1,765 | 1,879 | 2,114 | 2,338 | 2,155 | 1,937 | 2,342 | 3,110 | 3,428 | |
Operating Profit | 167 | 231 | 317 | 403 | 428 | 476 | 520 | 445 | 444 | 768 | 808 | 734 |
OPM % | 9% | 11% | 15% | 19% | 19% | 18% | 18% | 17% | 19% | 25% | 21% | 18% |
11 | 6 | 13 | 4 | 28 | 21 | 18 | 15 | 40 | 24 | 21 | 15 | |
Interest | 169 | 162 | 159 | 143 | 144 | 123 | 135 | 144 | 138 | 118 | 101 | 131 |
Depreciation | 149 | 137 | 107 | 105 | 76 | 92 | 115 | 132 | 127 | 155 | 154 | 165 |
Profit before tax | -140 | -63 | 64 | 158 | 237 | 282 | 288 | 184 | 218 | 519 | 575 | 454 |
Tax % | 34% | 36% | 21% | 38% | 37% | 34% | 34% | 13% | 36% | 33% | 36% | 26% |
-92 | -40 | 50 | 97 | 148 | 185 | 190 | 160 | 139 | 348 | 368 | 336 | |
EPS in Rs | -3.78 | -1.65 | 2.07 | 4.00 | 6.09 | 7.62 | 7.82 | 6.58 | 5.71 | 14.30 | 15.13 | 13.80 |
Dividend Payout % | 0% | 0% | 0% | 15% | 16% | 20% | 13% | 15% | 18% | 14% | 13% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 20% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 12% |
3 Years: | 36% |
TTM: | -8% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 27% |
3 Years: | 25% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 15% |
3 Years: | 18% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 89 | 238 | 287 | 370 | 929 | 1,085 | 1,225 | 1,319 | 1,462 | 1,788 | 2,103 | 2,389 |
1,544 | 1,395 | 1,418 | 1,316 | 1,219 | 1,370 | 1,635 | 1,739 | 1,523 | 1,205 | 1,350 | 1,902 | |
690 | 667 | 553 | 591 | 675 | 828 | 825 | 785 | 767 | 810 | 1,131 | 1,202 | |
Total Liabilities | 2,338 | 2,324 | 2,281 | 2,301 | 2,846 | 3,308 | 3,710 | 3,867 | 3,776 | 3,828 | 4,608 | 5,517 |
1,181 | 1,127 | 1,097 | 1,092 | 1,536 | 1,857 | 1,907 | 1,971 | 2,161 | 2,263 | 2,256 | 2,381 | |
CWIP | 33 | 43 | 41 | 64 | 85 | 113 | 448 | 488 | 262 | 89 | 227 | 813 |
Investments | 16 | 16 | 16 | 16 | 36 | 46 | 45 | 42 | 47 | 52 | 114 | 244 |
1,109 | 1,138 | 1,127 | 1,129 | 1,189 | 1,292 | 1,309 | 1,365 | 1,307 | 1,425 | 2,011 | 2,078 | |
Total Assets | 2,338 | 2,324 | 2,281 | 2,301 | 2,846 | 3,308 | 3,710 | 3,867 | 3,776 | 3,828 | 4,608 | 5,517 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
101 | 8 | 48 | 230 | 428 | 442 | 416 | 292 | 517 | 566 | 377 | 656 | |
-81 | -90 | -68 | -121 | -201 | -440 | -499 | -194 | -83 | -78 | -294 | -979 | |
24 | 48 | 23 | -101 | -249 | -0 | 86 | -105 | -391 | -460 | -55 | 344 | |
Net Cash Flow | 44 | -34 | 3 | 7 | -22 | 1 | 3 | -7 | 44 | 28 | 28 | 21 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 69 | 61 | 59 | 52 | 60 | 49 | 52 | 59 | 45 | 46 | 45 |
Inventory Days | 265 | 250 | 248 | 233 | 247 | 236 | 269 | 305 | 277 | 279 | 270 | 218 |
Days Payable | 289 | 252 | 138 | 130 | 160 | 231 | 253 | 250 | 278 | 247 | 225 | 196 |
Cash Conversion Cycle | 46 | 67 | 171 | 163 | 139 | 65 | 65 | 107 | 58 | 76 | 91 | 68 |
Working Capital Days | 15 | 3 | 52 | 51 | 61 | 49 | 25 | 23 | 71 | 67 | 78 | 60 |
ROCE % | 2% | 6% | 13% | 18% | 19% | 17% | 16% | 11% | 11% | 21% | 21% |
Documents
Announcements
- Closure of Trading Window 26 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jun - Companies Act, 2013 read with IEPF Rules, 2016, please find enclosed herewith copy of notice to shareholders for claiming unpaid dividend as published on 22nd …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Jun
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
History[1]
Initially known as the Indian Auto Safety Glass Private Limited, the company changed its name to Asahi India Safety Glass limited (AIS) in 1985. It started operations manufacturing toughened glass for MSIL. Subsequently, with acquisition of Float glass India, it forayed into construction glass business and changing its name to Asahi India Glass limited in Sep,2002.