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Asahi India Glass Ltd Performance

Today's Low
581.80
arrowIcon
Today's High
592.00
52 Wk Low
445.45
arrowIcon
52 Wk High
651.00


Open

585.8

Traded Value (Cr)

4.32 Cr

Prev. Close

586.9

VWAP

585.85

Volume

1,36,355

Face Value

1

Asahi India Glass Ltd Fundamentals

Market Cap
₹ 14,447 Cr
P/E Ratio (TTM)
44.72
P/B Ratio
6.52
Debt to Equity
0.70
ROE
15.49 %
EPS (TTM)
13.29
Dividend Yield
0.34%
Book Value
91.20

Click here to know more about Fundamentals

Asahi India Glass Ltd Financials

Asahi India Glass Ltd Financials

Asahi India Glass Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 54.23 % 54.24 % 54.24 % 54.24 %
Others 20.16 % 20.15 % 20.19 % 20.13 %
Retail 20.00 % 20.10 % 20.29 % 20.19 %
FII 3.70 % 3.68 % 3.62 % 3.79 %
Mutual Funds 1.91 % 1.83 % 1.66 % 1.65 %

Promoters

54.23%

Others

20.16%

Retail

20.00%

FII

3.70%

Mutual Funds

1.91%

Promoters

54.24%

Others

20.15%

Retail

20.10%

FII

3.68%

Mutual Funds

1.83%

Promoters

54.24%

Others

20.19%

Retail

20.29%

FII

3.62%

Mutual Funds

1.66%

Promoters

54.24%

Others

20.13%

Retail

20.19%

FII

3.79%

Mutual Funds

1.65%

Resistance and Support

₹583.20

PIVOT

resistance-arrow
Resistance
First Resistance₹600.250
Second Resistance₹613.600
Third Resistance₹630.650
support-arrow
Support
First Resistance₹569.850
Second Resistance₹552.800
Third Resistance₹539.450
RSI76.131
MACD37.879
ADX46.920
CCI72.686

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day136,35538,02051.50
Week107,69974,92268.91
1 Month337,538100,38756.26
6 Months136,355136,355100.00

About Asahi India Glass Ltd

Asahi India Glass Limited (AIS) is a leading integrated glass solutions provider, offering a wide range of products across Automotive, Architectural and Consumer Glass segments. The Company is engaged in the business of manufacturing of Auto Glass, Float Glass and other value added Glasses. Asahi India Glass Ltd was incorporated in the year 1984 as Indian Auto Safety Glasses. The Company was promoted as a Joint Venture by Maruti Udyog, Asahi Glass Company, Japan and B M Labroo and Associates. Asahi Glass Company, Japan, provides the technical assistance to the Company. AIS Auto Glass is the largest manufacturer of world class automotive safety glass in India and is one of the largest auto glass makers in Asia. Their customers include Maruti Udyog, Hyundai Motors, Tata Motors, Toyota, Mahindra & Mahindra, Honda, General Motors Ford India, Hindustan Motors, Fiat India, Volvo, Eicher and Piaggio. Their manufacturing facilities are located at Rewari in Haryana and Chennai in Tamilnadu. AIS Float Glass is a premier manufacturer of international quality glass and value added glass like reflective glass and mirror. Their manufacturing plants are located at Taloja in Maharashtra and Roorkee in Uttarakhand. The company is also the commercial agent of AGC Float Glass, Europe in India since April 2007. AIS Glass Solutions is the face of the architectural glass processing business of AIS. They have been supplying a wide range of high quality architectural processed glass, comprising of toughended glass, laminated glass, insulated glass units and value added glass products. Their processing facilities are located at Taloja in Maharashtra, Chennai in Tamilnadu and Roorkee in Uttarakhand. In the year 1986, the company started commercial production of toughened automotive glass with installed capacity of 260000 sq.mtrs. In the year 1990, they installed first printing line to produce automotive glass with black ceramic and heat lite printing. During the year 1993-94, they set up a new plant to produce laminated safety glass. The company is the first Indian glass company to get the QS-9000 and ISO-9002 certification through TUV Bayren Sachsen, Germany for the production and servicing of automotive safety glass. During the year 2001, Floatglass became the subsidiary of AIS and in the year 2002-03, the company was merged with AIS. The company name was changed from Asahi India Safety Glass Ltd to Asahi India Glass Ltd with effect from 26th September 2002. During the year 2005-06, AIS Glass Solutions Ltd became the subsidiary of AIS. The company increased the production capacity of Laminated Glass and Toughened by 660000 Nos and 1110000 sq mtr respectively. During the year 2005-06, the company commissioned Tempered Glass Manufacturing unit and Laminated Windshields Manufacturing unit at Chennai in Tamilnadu. During the year 2006-07, the company increased the production capacity of Flaot Glass, Laminated Glass and Toughened Glass by 44520000 sq mtr, 410000 Nos and 720000 sq mtr respectively. Also, the commercial production of reflective glass and mirror at the Integrated Glass plant in Roorkee, Uttarakhand commenced on April 18, 2007 and May 25, 2007 respectively. During the year 2007-08, the production capacity of Toughened Glass, Laminated Glass, Architectural Glass and Mirror Glass increased by 2592000 sq mtr, 80000 Nos, 504000 sq mtr and 3650000 sq mtr respectively. The architectural glass processing plant in Roorkee in Uttarakhand commenced their operation in September 2007. During 2009-10, Asahi India Glass' Auto Glass strategic business unit (SBU) continued its splendid performance in terms of delivery of quality products to its customers and maintained its position as a premium supplier of automotive glass to almost the entire Indian automotive industry. During 2009-10, the Auto Glass SBU increased production of laminated glass by 29.74% from 2,247,416 pieces to 2,915,877 pieces over the last year. Production of tempered glass increased 30.58% over the previous year. During the year, the Auto Glass SBU continued to make the incremental investments that were needed to expand capacities, keeping in view the burgeoning demands from its customers. All investments were carefully analysed to ensure achieving customer satisfaction, on time and in full delivery', without negatively impacting the SBU's cash flow. During the year, the Auto Glass SBU made considerable inroads into the commercial vehicles segment (Bus, LCVs etc). During the year, the company's Float Glass SBU introduced new variants and colours of its product range in the market. During the year under review, Float Glass SBU's Taloja plant successfully implemented and stabilised its operations after switching over to natural gas as its primary fuel source. This substitution of natural gas in the place of furnace oil has resulted in substantial savings, without impacting the quality of output; it has also ensured stability of fuel source supply and prices. During the year under review, the Float Glass SBU continued to expand its reach in the market by appointing several more dealers across India. During the financial year ended 31 March 2012, Asahi India Glass' Auto Glass division partnered with leading automobile players who launched a number of new models in Indian market. FY 2012 was the long awaited management merger of the company's architectural glass facilities with the Float Glass strategic business unit (SBU). During the year under review, the company's Float Glass division could not aggressively push the new value added products with high margins, towards which it has been targeting. The company continued to put its efforts and R&D towards promoting new products made of Float Glass, which could be used in green buildings, or solar panels, which are taking some time to take off. During the financial year 2013-14, Asahi India Glass' Auto Glass division continued to develop and deliver new products to expand its business scope with existing and new customers. AIS Auto Glass continued to win very large proportion of the new businesses opened for bidding during the year. In the after-market, the company generated incremental sales by introducing the Ford and Toyota range of products. Asahi India Glass' Architectural Glass division turned around - from segment loss before interest and un-allocable items of Rs.35 crores in FY13 to a profit of Rs.31 crores in FY14. The company undertook several cost management initiatives at its facilities during FY14, which has contributed to the turnaround of the Architectural Glass division. New products launched by the division include AIS Opal Trendz, Ecosense Enhance Range and Ecosense Exceed Range. During the financial year 2015-16, Vincotte International India Assessment Services Private Limited ceased to be an associate of Asahi India Glass.Asahi India Glass' Auto Glass unit focused on expanding business with existing customers and tapping new ones as it supplied products for new car launches in FY 2015-16. The auto glass division launched new products viz. solar acoustic windscreen glasses, UV cut sidelite glasses and Light weight windscreen and sidelite glazing. During 2015-16, the company undertook various expansion projects that included commissioning of new capacities for laminated glass having capacity of manufacturing 0.7 million windscreens per annum, doubling capacity of glass encapsulation and enhancing production of door glass by 20%. Sales from new products launched by the company's Float Glass division during the year under review gained significant acceptance among the real estate and construction players. The new products introduced by AIS during the year include Chrome yellow, hazel brown, stone grey and turquoise green Decor shades in the lacquered glass range, Opal+ Olive Green in the solar control Opal HC reflective glass, Solar control glass with thermal insulated (Low-E) properties that can be used in single glazed applications in the Ecosense Edge, Supreme Gold in the SunShield Heat Reflective Glass range and Cross hatch and T-weave designs of Opal Trendz. During FY 2017-18, Scopfy Components Private Limited (Scopfy) became an associate of Asahi India Glass through equity participation in Scopfy by making investment of 30% of Equity Capital. New Models launched in FY 2022-23 comprised of Maruti Suzuki Alto, Maruti New Brezza, Toyota Hyryder, MG Gloster, Mahindra New Scorpio and Mahindra XUV 400. Other launches included, Maruti Suzuki Grand Vitara, Toyota Lexus, Innova Next, Toyota Hilux, Jeep Meridian, Volkswagen Virtus, Honda City, Mahindra Next BMT, Volkswagen Next Vento, Jeep Meridian, Force Motors T1N, Toyota Fortuner Pickup, Maruti - Toyota YFG. AIS Windows, unveiled its latest technology driven experience centre in Bengaluru, Karnataka in 2023.

Managing Director

Sanjay Labroo

Founded

1984

NSE Symbol

ASAHIINDIA

Asahi India Glass Ltd Management

NameDesignation
Sanjay LabrooCMD & CEO
Rahul RanaIndependent Director
Gopal GanatraCompany Sec. & Compli. Officer
Gurvirendra Singh TalwarIndependent Director
Shradha SuriIndependent Director
M TakedaNon Executive Director
Satoshi OgataDeputy Managing Director
Yoji TaguchiIndependent Director
Sheetal MehtaIndependent Director
Masao FukamiDeputy Managing Director
N LabrooNon Executive Director
Satoshi IshizukaNon Executive Director

Asahi India Glass Ltd News

Volumes soar at Asahi India Glass Ltd counter
Asahi India Glass Ltd recorded volume of 32.37 lakh shares by 14:14 IST on NSE, a 24.45 times surge over two-week average daily volume of 1.32 lakh shares
Volumes jump at Asahi India Glass Ltd counter
Asahi India Glass Ltd saw volume of 60633 shares by 10:46 IST on BSE, a 6.21 fold spurt over two-week average daily volume of 9771 shares
Asahi India Glass consolidated net profit declines 24.49% in the December 2023 quarter
Sales rise 3.08% to Rs 1036.86 crore
Volumes jump at Asahi India Glass Ltd counter
Asahi India Glass Ltd witnessed volume of 27.24 lakh shares by 14:14 IST on NSE, a 34.8 times surge over two-week average daily volume of 78290 shares
Volumes jump at Asahi India Glass Ltd counter
Asahi India Glass Ltd saw volume of 2.06 lakh shares by 10:48 IST on BSE, a 22.6 fold spurt over two-week average daily volume of 9135 shares
Asahi India Glass to convene board meeting
On 25 January 2024
Asahi India Glass consolidated net profit declines 17.38% in the September 2023 quarter
Sales rise 10.26% to Rs 1116.76 crore
Asahi India Glass to table results
On 2 November 2023
Asahi India Glass consolidated net profit declines 2.88% in the June 2023 quarter
Sales rise 17.07% to Rs 1078.50 crore
Asahi India Glass to hold board meeting
On 31 July 2023

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Asahi India Glass Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Asahi India Glass Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Asahi India Glass Ltd's share price is ₹585.10 as of April 16, 2024

Asahi India Glass Ltd's P/E ratio is 44.72 times as of April 16, 2024.

Asahi India Glass Ltd's most recent financial reports indicate a price-to-book ratio of 6.52, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Asahi India Glass Ltd's market is 14,447 Cr as on April 16, 2024.

The current financial records of Asahi India Glass Ltd show a 15.49% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Asahi India Glass Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Asahi India Glass Ltd's 52-week high and low as of April 16, 2024 are ₹592 and ₹581.8 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Asahi India Glass Ltd stands at 54.23%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 3.68% to 3.70%.