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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 515030 | NSE: ASAHIINDIA

Asahi India Glass Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:51 am

Market Cap 18,403 Cr.
Current Price 757
High / Low 834/502
Stock P/E59.9
Book Value 102
Dividend Yield0.26 %
ROCE15.0 %
ROE14.7 %
Face Value 1.00
PEG Ratio3.36

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Empire Industries Ltd 841 Cr. 1,401 1,599/80019.9 5101.78 %15.4 %12.6 % 10.0
Borosil Ltd 5,011 Cr. 419 516/28471.6 63.50.00 %14.3 %12.1 % 1.00
Agarwal Fortune India Ltd 7.39 Cr. 21.0 44.6/15.492.4 1.510.00 %18.7 %24.1 % 10.0
La Opala RG Ltd 3,535 Cr. 318 403/29030.6 73.61.57 %18.7 %15.3 % 2.00
Borosil Renewables Ltd 7,867 Cr. 602 669/403 65.30.00 %3.94 %8.59 % 1.00
Industry Average7,131.40 Cr586.3354.88135.990.60%14.34%14.57%4.17

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales6047978299449231,0141,0101,0721,0891,1201,0441,1051,133
Expenses485610614701702799821902880934880927951
Operating Profit118187216243221215188170209186163178181
OPM %20%23%26%26%24%21%19%16%19%17%16%16%16%
Other Income37711897978225
Interest33322828262627263434343332
Depreciation37404340404039414143464847
Profit before tax5212215118616315912911214111785100107
Tax %33%34%34%32%35%34%36%39%27%26%26%27%28%
Net Profit3581100128106104836810386637377
EPS in Rs1.453.344.125.274.404.333.452.844.273.572.613.043.21

Last Updated: September 11, 2024, 4:13 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 11, 2024, 4:13 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,9442,2172,0992,2092,3452,6332,9132,6432,4213,1704,0194,3414,401
Expenses1,7771,9871,7891,8161,9302,1692,4032,2121,9872,4103,2243,6173,692
Operating Profit167229309393415464510431435761795724709
OPM %9%10%15%18%18%18%18%16%18%24%20%17%16%
Other Income104133312324234631333217
Interest170163160144144124135146143121105136134
Depreciation1541431121107995119137132160160177183
Profit before tax-147-7251142223269280171205511563443409
Tax %-33%-31%26%42%33%35%33%11%36%33%36%27%
Net Profit-99-484085150176188151131343362325299
EPS in Rs-4.01-1.921.733.586.157.307.826.325.4714.1815.0113.4912.43
Dividend Payout %0%0%0%17%16%21%13%16%18%14%13%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)51.52%183.33%112.50%76.47%17.33%6.82%-19.68%-13.25%161.83%5.54%-10.22%
Change in YoY Net Profit Growth (%)0.00%131.82%-70.83%-36.03%-59.14%-10.52%-26.50%6.44%175.08%-156.29%-15.76%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:21%
TTM:3%
Compounded Profit Growth
10 Years:25%
5 Years:12%
3 Years:38%
TTM:-10%
Stock Price CAGR
10 Years:21%
5 Years:32%
3 Years:16%
1 Year:35%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:18%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:41 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital16242424242424242424242424
Reserves742172573309021,0511,1911,2781,4151,7382,0502,3292,452
Borrowings1,5461,3951,4191,3191,2211,3731,6431,7621,5661,2381,4011,9682,339
Other Liabilities6996775605986828338317997687761,1041,1791,204
Total Liabilities2,3352,3132,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,019
Fixed Assets1,2371,1771,1431,1341,5881,9071,9562,0352,2212,3232,3952,6162,562
CWIP3343416585114453489262912358261,384
Investments131416192742485569851128587
Other Assets1,0521,0791,0601,0541,1291,2181,2321,2841,2221,2781,8391,9721,986
Total Assets2,3352,3132,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,019

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1111050230418449424293516586402653
Cash from Investing Activity +-83-92-69-124-190-448-512-214-84-79-320-924
Cash from Financing Activity +174724-100-249-191-93-382-479-52330
Net Cash Flow45-3547-2113-1451282959

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow166.00228.00308.00392.00414.00463.00509.00430.00434.00760.00794.00723.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days575546443845343640283130
Inventory Days270255250236252240273310284285271221
Days Payable290253139132161230252248277246225190
Cash Conversion Cycle385615814812956559847677761
Working Capital Days4-10363544339449465640
ROCE %1%6%12%17%19%17%16%11%11%21%21%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters54.24%54.24%54.24%54.24%54.23%54.23%54.24%54.24%54.23%54.22%54.22%54.22%
FIIs1.25%1.48%1.47%1.63%3.29%3.78%3.79%3.62%3.68%3.71%3.94%3.94%
DIIs0.89%1.53%1.55%1.83%1.66%1.68%1.73%1.72%1.83%1.91%1.44%1.47%
Government0.38%0.38%0.38%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public43.24%42.37%42.36%41.93%40.81%40.31%40.24%40.42%40.26%40.15%40.37%40.34%
No. of Shareholders42,38146,95751,94553,15857,15858,71358,71661,23262,82559,97063,46560,227

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund2,616,9990.29174.4391,5232024-12-18568.42%
Mahindra Manulife Small Cap Fund391,5230.5226.09391,5232024-12-180%
Mahindra Manulife Business Cycle Fund184,7401.1212.31391,5232024-12-18-52.82%
Mahindra Manulife Manufacturing Fund135,00019391,5232024-12-18-65.52%
Nippon India Nifty Smallcap 250 Index Fund101,5690.396.77391,5232024-12-18-74.06%
Mahindra Manulife Equity Savings Fund62,5000.794.17391,5232024-12-18-84.04%
Motilal Oswal Nifty Smallcap 250 Index Fund46,3460.393.09391,5232024-12-18-88.16%
Motilal Oswal Nifty 500 Index Fund11,4040.040.76391,5232024-12-18-97.09%
Motilal Oswal Nifty Smallcap 250 ETF2,6300.390.18391,5232024-12-18-99.33%
Motilal Oswal Nifty 500 ETF3840.040.03391,5232024-12-18-99.9%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)13.4915.0114.185.476.32
Diluted EPS (Rs.)13.4915.0114.185.476.32
Cash EPS (Rs.)20.3120.7720.2010.4311.46
Book Value[Excl.RevalReserv]/Share (Rs.)95.8884.4671.7558.5653.00
Book Value[Incl.RevalReserv]/Share (Rs.)95.8884.4671.7558.5653.00
Revenue From Operations / Share (Rs.)178.55165.31130.4299.60108.73
PBDIT / Share (Rs.)30.7433.3732.0819.3718.41
PBIT / Share (Rs.)23.4626.8025.5213.9312.77
PBT / Share (Rs.)17.8722.5020.548.046.62
Net Profit / Share (Rs.)13.0414.2013.634.995.82
NP After MI And SOA / Share (Rs.)13.4915.0114.185.476.32
PBDIT Margin (%)17.2120.1824.6019.4416.93
PBIT Margin (%)13.1416.2119.5613.9811.74
PBT Margin (%)10.0013.6115.748.076.08
Net Profit Margin (%)7.308.5910.455.005.35
NP After MI And SOA Margin (%)7.559.0710.875.495.81
Return on Networth / Equity (%)13.9317.5819.569.2411.80
Return on Capital Employeed (%)14.9821.9823.0013.6212.59
Return On Assets (%)5.967.969.123.523.97
Long Term Debt / Equity (X)0.540.360.490.690.85
Total Debt / Equity (X)0.790.650.680.871.07
Asset Turnover Ratio (%)0.860.930.810.620.68
Current Ratio (X)1.031.081.140.880.83
Quick Ratio (X)0.440.440.470.370.31
Inventory Turnover Ratio (X)1.551.641.371.051.25
Dividend Payout Ratio (NP) (%)14.8213.327.050.0031.62
Dividend Payout Ratio (CP) (%)9.639.264.810.0016.72
Earning Retention Ratio (%)85.1886.6892.950.0068.38
Cash Earning Retention Ratio (%)90.3790.7495.190.0083.28
Interest Coverage Ratio (X)5.507.756.453.293.06
Interest Coverage Ratio (Post Tax) (X)3.334.303.741.851.99
Enterprise Value (Cr.)14685.5412209.0411553.988699.495142.88
EV / Net Operating Revenue (X)3.383.043.643.591.95
EV / EBITDA (X)19.6515.0514.8118.4811.49
MarketCap / Net Operating Revenue (X)3.002.743.303.111.43
Retention Ratios (%)85.1786.6792.940.0068.37
Price / BV (X)5.535.305.935.222.90
Price / Net Operating Revenue (X)3.002.743.303.111.43
EarningsYield0.020.030.030.010.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 900.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 18.95% compared to the current share price 757.00

Intrinsic Value of as of December 21, 2024 is: 1,061.14

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 40.18% compared to the current share price 757.00

Last 5 Year EPS CAGR: 17.84%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 28.83, which is a positive sign.
  2. The company has shown consistent growth in sales (2.46 cr) and profit (234.46 cr) over the years.
  1. The stock has a low average ROCE of 13.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 82.50, which may not be favorable.
  3. The company has higher borrowings (1,553.08) compared to reserves (1,175.69), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 7.3%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.98% (Industry Average ROCE: 14.34%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.93% (Industry Average ROE: 14.57%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.33
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.44
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 59.9 (Industry average Stock P/E: 54.88)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.79
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Asahi India Glass Ltd. is a Public Limited Listed company incorporated on 10/12/1984 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L26102DL1984PLC019542 and registration number is 019542. Currently Company is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company’s Total Operating Revenue is Rs. 3109.63 Cr. and Equity Capital is Rs. 24.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Glass & Glass ProductsA-2/10, 1st Floor, WHS DDA Marble Market, New Delhi Delhi 110015investorrelations@aisglass.com
http://www.aisglass.com
Management
NamePosition Held
Mr. Sanjay LabrooChairman & Managing Director
Ms. Shradha SuriDirector
Dr. Satoshi IshizukaDirector
Mr. Yoji TaguchiDirector
Mr. Gurvirendra Singh TalwarDirector
Mr. Masahiro TakedaDirector
Mr. Rahul RanaDirector
Ms. Sheetal Kapal MehtaDirector
Mr. Masao FukamiDy.Managing Director & CTO
Ms. Nisheeta labrooDirector

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹900.48, which is 18.95% higher than the current market price of ₹757.00. The stock has a market capitalization of 18,403 Cr. and recorded a high/low of 834/502 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,452 Cr and total liabilities of ₹6,019 Cr.

What is the Market Cap of ?

The Market Cap of is 18,403 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 757.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 834/502.

What is the Stock P/E of ?

The Stock P/E of is 59.9.

What is the Book Value of ?

The Book Value of is 102.

What is the Dividend Yield of ?

The Dividend Yield of is 0.26 %.

What is the ROCE of ?

The ROCE of is 15.0 %.

What is the ROE of ?

The ROE of is 14.7 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE