Asahi India Glass Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 22, 2025, 4:33 pm

Market Cap	17,287 Cr.
Current Price	711
High / Low	834/540
Stock P/E	50.2
Book Value	110
Dividend Yield	0.28 %
ROCE	12.6 %
ROE	13.7 %
Face Value	1.00
PEG Ratio	2.20

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Asahi India Glass Ltd

Competitors of Asahi India Glass Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Empire Industries Ltd	646 Cr.	1,077	1,599/824	15.2	510	2.32 %	15.4 %	12.6 %	10.0
Borosil Ltd	4,241 Cr.	353	516/278	57.1	67.6	0.00 %	14.1 %	10.7 %	1.00
Agarwal Fortune India Ltd	6.95 Cr.	19.8	28.2/15.4	63.2	1.51	0.00 %	18.7 %	24.1 %	10.0
La Opala RG Ltd	2,720 Cr.	246	386/187	28.8	73.6	2.03 %	18.7 %	15.3 %	2.00
Borosil Renewables Ltd	7,059 Cr.	540	644/403		76.4	0.00 %	3.15 %	7.44 %	1.00
Industry Average	6,390.60 Cr	491.13		42.90	139.85	0.77%	13.78%	13.97%	4.17

All Competitor Stocks of Asahi India Glass Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	829	944	923	1,014	1,010	1,072	1,089	1,120	1,044	1,105	1,133	1,158	1,124
Expenses	614	701	702	799	821	902	880	934	880	927	951	945	949
Operating Profit	216	243	221	215	188	170	209	186	163	178	181	213	175
OPM %	26%	26%	24%	21%	19%	16%	19%	17%	16%	16%	16%	18%	16%
Other Income	7	11	8	9	7	9	7	8	2	2	5	7	46
Interest	28	28	26	26	27	26	34	34	34	33	32	31	32
Depreciation	43	40	40	40	39	41	41	43	46	48	47	48	49
Profit before tax	151	186	163	159	129	112	141	117	85	100	107	141	140
Tax %	34%	32%	35%	34%	36%	39%	27%	26%	26%	27%	28%	33%	26%
Net Profit	100	128	106	104	83	68	103	86	63	73	77	95	105
EPS in Rs	4.12	5.27	4.40	4.33	3.45	2.84	4.27	3.57	2.61	3.04	3.21	3.93	4.34

Last Updated: March 3, 2025, 5:31 pm

Below is a detailed analysis of the quarterly data for Asahi India Glass Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,124.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,158.00 Cr. (Sep 2024) to 1,124.00 Cr., marking a decrease of 34.00 Cr..
For Expenses, as of Dec 2024, the value is 949.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 945.00 Cr. (Sep 2024) to 949.00 Cr., marking an increase of 4.00 Cr..
For Operating Profit, as of Dec 2024, the value is 175.00 Cr.. The value appears to be declining and may need further review. It has decreased from 213.00 Cr. (Sep 2024) to 175.00 Cr., marking a decrease of 38.00 Cr..
For OPM %, as of Dec 2024, the value is 16.00%. The value appears to be declining and may need further review. It has decreased from 18.00% (Sep 2024) to 16.00%, marking a decrease of 2.00%.
For Other Income, as of Dec 2024, the value is 46.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Sep 2024) to 46.00 Cr., marking an increase of 39.00 Cr..
For Interest, as of Dec 2024, the value is 32.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 31.00 Cr. (Sep 2024) to 32.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 49.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 48.00 Cr. (Sep 2024) to 49.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 140.00 Cr.. The value appears to be declining and may need further review. It has decreased from 141.00 Cr. (Sep 2024) to 140.00 Cr., marking a decrease of 1.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 33.00% (Sep 2024) to 26.00%, marking a decrease of 7.00%.
For Net Profit, as of Dec 2024, the value is 105.00 Cr.. The value appears strong and on an upward trend. It has increased from 95.00 Cr. (Sep 2024) to 105.00 Cr., marking an increase of 10.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.34. The value appears strong and on an upward trend. It has increased from 3.93 (Sep 2024) to 4.34, marking an increase of 0.41.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 7:14 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	2,217	2,099	2,209	2,345	2,633	2,913	2,643	2,421	3,170	4,019	4,341	4,594
Expenses	1,987	1,789	1,816	1,930	2,169	2,403	2,212	1,987	2,410	3,224	3,617	3,828
Operating Profit	229	309	393	415	464	510	431	435	761	795	724	766
OPM %	10%	15%	18%	18%	18%	18%	16%	18%	24%	20%	17%	17%
Other Income	4	13	3	31	23	24	23	46	31	33	32	66
Interest	163	160	144	144	124	135	146	143	121	105	136	128
Depreciation	143	112	110	79	95	119	137	132	160	160	177	192
Profit before tax	-72	51	142	223	269	280	171	205	511	563	443	513
Tax %	-31%	26%	42%	33%	35%	33%	11%	36%	33%	36%	27%	28%
Net Profit	-48	40	85	150	176	188	151	131	343	362	325	367
EPS in Rs	-1.92	1.73	3.58	6.15	7.30	7.82	6.32	5.47	14.18	15.01	13.49	15.27
Dividend Payout %	0%	0%	17%	16%	21%	13%	16%	18%	14%	13%	15%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	183.33%	112.50%	76.47%	17.33%	6.82%	-19.68%	-13.25%	161.83%	5.54%	-10.22%	12.92%
Change in YoY Net Profit Growth (%)	0.00%	-70.83%	-36.03%	-59.14%	-10.52%	-26.50%	6.44%	175.08%	-156.29%	-15.76%	23.14%

Asahi India Glass Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	12%
3 Years:	13%
TTM:	6%

Compounded Profit Growth
10 Years:	25%
5 Years:	18%
3 Years:	1%
TTM:	6%

Stock Price CAGR
10 Years:	16%
5 Years:	38%
3 Years:	16%
1 Year:	20%

Return on Equity
10 Years:	16%
5 Years:	16%
3 Years:	15%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	24	24	24	24	24	24	24	24	24	24	24	24
Reserves	74	217	257	330	902	1,051	1,191	1,278	1,415	1,738	2,050	2,329	2,452
Borrowings	1,546	1,395	1,419	1,319	1,221	1,373	1,643	1,762	1,566	1,238	1,401	1,968	2,339
Other Liabilities	699	677	560	598	682	833	831	799	768	776	1,104	1,179	1,204
Total Liabilities	2,335	2,313	2,260	2,272	2,830	3,281	3,689	3,863	3,773	3,777	4,580	5,500	6,019
Fixed Assets	1,237	1,177	1,143	1,134	1,588	1,907	1,956	2,035	2,221	2,323	2,395	2,616	2,562
CWIP	33	43	41	65	85	114	453	489	262	91	235	826	1,384
Investments	13	14	16	19	27	42	48	55	69	85	112	85	87
Other Assets	1,052	1,079	1,060	1,054	1,129	1,218	1,232	1,284	1,222	1,278	1,839	1,972	1,986
Total Assets	2,335	2,313	2,260	2,272	2,830	3,281	3,689	3,863	3,773	3,777	4,580	5,500	6,019

Below is a detailed analysis of the balance sheet data for Asahi India Glass Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 24.00 Cr..
For Reserves, as of Sep 2024, the value is 2,452.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,329.00 Cr. (Mar 2024) to 2,452.00 Cr., marking an increase of 123.00 Cr..
For Borrowings, as of Sep 2024, the value is 2,339.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,968.00 Cr. (Mar 2024) to 2,339.00 Cr., marking an increase of 371.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 1,204.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,179.00 Cr. (Mar 2024) to 1,204.00 Cr., marking an increase of 25.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 6,019.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,500.00 Cr. (Mar 2024) to 6,019.00 Cr., marking an increase of 519.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 2,562.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,616.00 Cr. (Mar 2024) to 2,562.00 Cr., marking a decrease of 54.00 Cr..
For CWIP, as of Sep 2024, the value is 1,384.00 Cr.. The value appears strong and on an upward trend. It has increased from 826.00 Cr. (Mar 2024) to 1,384.00 Cr., marking an increase of 558.00 Cr..
For Investments, as of Sep 2024, the value is 87.00 Cr.. The value appears strong and on an upward trend. It has increased from 85.00 Cr. (Mar 2024) to 87.00 Cr., marking an increase of 2.00 Cr..
For Other Assets, as of Sep 2024, the value is 1,986.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,972.00 Cr. (Mar 2024) to 1,986.00 Cr., marking an increase of 14.00 Cr..
For Total Assets, as of Sep 2024, the value is 6,019.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,500.00 Cr. (Mar 2024) to 6,019.00 Cr., marking an increase of 519.00 Cr..

Notably, the Reserves (2,452.00 Cr.) exceed the Borrowings (2,339.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	10	50	230	418	449	424	293	516	586	402	653	720
Cash from Investing Activity +	-92	-69	-124	-190	-448	-512	-214	-84	-79	-320	-924	-1,191
Cash from Financing Activity +	47	24	-100	-249	-1	91	-93	-382	-479	-52	330	458
Net Cash Flow	-35	4	7	-21	1	3	-14	51	28	29	59	-13

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	228.00	308.00	392.00	414.00	463.00	509.00	430.00	434.00	760.00	794.00	723.00	766.00

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

Month	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	57	55	46	44	38	45	34	36	40	28	31	30
Inventory Days	270	255	250	236	252	240	273	310	284	285	271	221
Days Payable	290	253	139	132	161	230	252	248	277	246	225	190
Cash Conversion Cycle	38	56	158	148	129	56	55	98	47	67	77	61
Working Capital Days	4	-10	36	35	44	33	9	4	49	46	56	40
ROCE %	1%	6%	12%	17%	19%	17%	16%	11%	11%	21%	21%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	54.24%	54.24%	54.23%	54.23%	54.24%	54.24%	54.23%	54.22%	54.22%	54.22%	54.22%	54.22%
FIIs	1.47%	1.63%	3.29%	3.78%	3.79%	3.62%	3.68%	3.71%	3.94%	3.94%	4.01%	4.19%
DIIs	1.55%	1.83%	1.66%	1.68%	1.73%	1.72%	1.83%	1.91%	1.44%	1.47%	1.55%	1.62%
Government	0.38%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	42.36%	41.93%	40.81%	40.31%	40.24%	40.42%	40.26%	40.15%	40.37%	40.34%	40.20%	39.96%
No. of Shareholders	51,945	53,158	57,158	58,713	58,716	61,232	62,825	59,970	63,465	60,227	62,836	63,200

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	2,616,999	0.29	174.4	2,616,999	2025-04-22 17:25:42	0%
Mahindra Manulife Small Cap Fund	391,523	0.52	26.09	391,523	2025-04-22 17:25:42	0%
Mahindra Manulife Business Cycle Fund	184,740	1.12	12.31	184,740	2025-04-22 17:25:42	0%
Mahindra Manulife Manufacturing Fund	135,000	1	9	135,000	2025-04-22 17:25:42	0%
Nippon India Nifty Smallcap 250 Index Fund	101,569	0.39	6.77	101,569	2025-04-22 17:25:42	0%
Mahindra Manulife Equity Savings Fund	62,500	0.79	4.17	62,500	2025-04-22 17:25:42	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	46,346	0.39	3.09	46,346	2025-04-22 17:25:42	0%
Motilal Oswal Nifty 500 Index Fund	11,404	0.04	0.76	11,404	2025-04-22 17:25:42	0%
Motilal Oswal Nifty Smallcap 250 ETF	2,630	0.39	0.18	2,630	2025-04-22 17:25:42	0%
Motilal Oswal Nifty 500 ETF	384	0.04	0.03	384	2025-04-22 17:25:42	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	13.49	15.01	14.18	5.47	6.32
Diluted EPS (Rs.)	13.49	15.01	14.18	5.47	6.32
Cash EPS (Rs.)	20.31	20.77	20.20	10.43	11.46
Book Value[Excl.RevalReserv]/Share (Rs.)	95.88	84.46	71.75	58.56	53.00
Book Value[Incl.RevalReserv]/Share (Rs.)	95.88	84.46	71.75	58.56	53.00
Revenue From Operations / Share (Rs.)	178.55	165.31	130.42	99.60	108.73
PBDIT / Share (Rs.)	30.74	33.37	32.08	19.37	18.41
PBIT / Share (Rs.)	23.46	26.80	25.52	13.93	12.77
PBT / Share (Rs.)	17.87	22.50	20.54	8.04	6.62
Net Profit / Share (Rs.)	13.04	14.20	13.63	4.99	5.82
NP After MI And SOA / Share (Rs.)	13.49	15.01	14.18	5.47	6.32
PBDIT Margin (%)	17.21	20.18	24.60	19.44	16.93
PBIT Margin (%)	13.14	16.21	19.56	13.98	11.74
PBT Margin (%)	10.00	13.61	15.74	8.07	6.08
Net Profit Margin (%)	7.30	8.59	10.45	5.00	5.35
NP After MI And SOA Margin (%)	7.55	9.07	10.87	5.49	5.81
Return on Networth / Equity (%)	13.93	17.58	19.56	9.24	11.80
Return on Capital Employeed (%)	14.98	21.98	23.00	13.62	12.59
Return On Assets (%)	5.96	7.96	9.12	3.52	3.97
Long Term Debt / Equity (X)	0.54	0.36	0.49	0.69	0.85
Total Debt / Equity (X)	0.79	0.65	0.68	0.87	1.07
Asset Turnover Ratio (%)	0.86	0.93	0.81	0.62	0.68
Current Ratio (X)	1.03	1.08	1.14	0.88	0.83
Quick Ratio (X)	0.44	0.44	0.47	0.37	0.31
Inventory Turnover Ratio (X)	1.55	1.64	1.37	1.05	1.25
Dividend Payout Ratio (NP) (%)	14.82	13.32	7.05	0.00	31.62
Dividend Payout Ratio (CP) (%)	9.63	9.26	4.81	0.00	16.72
Earning Retention Ratio (%)	85.18	86.68	92.95	0.00	68.38
Cash Earning Retention Ratio (%)	90.37	90.74	95.19	0.00	83.28
Interest Coverage Ratio (X)	5.50	7.75	6.45	3.29	3.06
Interest Coverage Ratio (Post Tax) (X)	3.33	4.30	3.74	1.85	1.99
Enterprise Value (Cr.)	14685.54	12209.04	11553.98	8699.49	5142.88
EV / Net Operating Revenue (X)	3.38	3.04	3.64	3.59	1.95
EV / EBITDA (X)	19.65	15.05	14.81	18.48	11.49
MarketCap / Net Operating Revenue (X)	3.00	2.74	3.30	3.11	1.43
Retention Ratios (%)	85.17	86.67	92.94	0.00	68.37
Price / BV (X)	5.53	5.30	5.93	5.22	2.90
Price / Net Operating Revenue (X)	3.00	2.74	3.30	3.11	1.43
EarningsYield	0.02	0.03	0.03	0.01	0.04

After reviewing the key financial ratios for Asahi India Glass Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has decreased from 15.01 (Mar 23) to 13.49, marking a decrease of 1.52.
For Diluted EPS (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has decreased from 15.01 (Mar 23) to 13.49, marking a decrease of 1.52.
For Cash EPS (Rs.), as of Mar 24, the value is 20.31. This value is within the healthy range. It has decreased from 20.77 (Mar 23) to 20.31, marking a decrease of 0.46.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 95.88. It has increased from 84.46 (Mar 23) to 95.88, marking an increase of 11.42.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 95.88. It has increased from 84.46 (Mar 23) to 95.88, marking an increase of 11.42.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 178.55. It has increased from 165.31 (Mar 23) to 178.55, marking an increase of 13.24.
For PBDIT / Share (Rs.), as of Mar 24, the value is 30.74. This value is within the healthy range. It has decreased from 33.37 (Mar 23) to 30.74, marking a decrease of 2.63.
For PBIT / Share (Rs.), as of Mar 24, the value is 23.46. This value is within the healthy range. It has decreased from 26.80 (Mar 23) to 23.46, marking a decrease of 3.34.
For PBT / Share (Rs.), as of Mar 24, the value is 17.87. This value is within the healthy range. It has decreased from 22.50 (Mar 23) to 17.87, marking a decrease of 4.63.
For Net Profit / Share (Rs.), as of Mar 24, the value is 13.04. This value is within the healthy range. It has decreased from 14.20 (Mar 23) to 13.04, marking a decrease of 1.16.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has decreased from 15.01 (Mar 23) to 13.49, marking a decrease of 1.52.
For PBDIT Margin (%), as of Mar 24, the value is 17.21. This value is within the healthy range. It has decreased from 20.18 (Mar 23) to 17.21, marking a decrease of 2.97.
For PBIT Margin (%), as of Mar 24, the value is 13.14. This value is within the healthy range. It has decreased from 16.21 (Mar 23) to 13.14, marking a decrease of 3.07.
For PBT Margin (%), as of Mar 24, the value is 10.00. This value is within the healthy range. It has decreased from 13.61 (Mar 23) to 10.00, marking a decrease of 3.61.
For Net Profit Margin (%), as of Mar 24, the value is 7.30. This value is within the healthy range. It has decreased from 8.59 (Mar 23) to 7.30, marking a decrease of 1.29.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.55. This value is below the healthy minimum of 8. It has decreased from 9.07 (Mar 23) to 7.55, marking a decrease of 1.52.
For Return on Networth / Equity (%), as of Mar 24, the value is 13.93. This value is below the healthy minimum of 15. It has decreased from 17.58 (Mar 23) to 13.93, marking a decrease of 3.65.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.98. This value is within the healthy range. It has decreased from 21.98 (Mar 23) to 14.98, marking a decrease of 7.00.
For Return On Assets (%), as of Mar 24, the value is 5.96. This value is within the healthy range. It has decreased from 7.96 (Mar 23) to 5.96, marking a decrease of 2.00.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.54. This value is within the healthy range. It has increased from 0.36 (Mar 23) to 0.54, marking an increase of 0.18.
For Total Debt / Equity (X), as of Mar 24, the value is 0.79. This value is within the healthy range. It has increased from 0.65 (Mar 23) to 0.79, marking an increase of 0.14.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.86. It has decreased from 0.93 (Mar 23) to 0.86, marking a decrease of 0.07.
For Current Ratio (X), as of Mar 24, the value is 1.03. This value is below the healthy minimum of 1.5. It has decreased from 1.08 (Mar 23) to 1.03, marking a decrease of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 0.44. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 23) which recorded 0.44.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.55. This value is below the healthy minimum of 4. It has decreased from 1.64 (Mar 23) to 1.55, marking a decrease of 0.09.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 14.82. This value is below the healthy minimum of 20. It has increased from 13.32 (Mar 23) to 14.82, marking an increase of 1.50.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 9.63. This value is below the healthy minimum of 20. It has increased from 9.26 (Mar 23) to 9.63, marking an increase of 0.37.
For Earning Retention Ratio (%), as of Mar 24, the value is 85.18. This value exceeds the healthy maximum of 70. It has decreased from 86.68 (Mar 23) to 85.18, marking a decrease of 1.50.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.37. This value exceeds the healthy maximum of 70. It has decreased from 90.74 (Mar 23) to 90.37, marking a decrease of 0.37.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.50. This value is within the healthy range. It has decreased from 7.75 (Mar 23) to 5.50, marking a decrease of 2.25.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.33. This value is within the healthy range. It has decreased from 4.30 (Mar 23) to 3.33, marking a decrease of 0.97.
For Enterprise Value (Cr.), as of Mar 24, the value is 14,685.54. It has increased from 12,209.04 (Mar 23) to 14,685.54, marking an increase of 2,476.50.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.38. This value exceeds the healthy maximum of 3. It has increased from 3.04 (Mar 23) to 3.38, marking an increase of 0.34.
For EV / EBITDA (X), as of Mar 24, the value is 19.65. This value exceeds the healthy maximum of 15. It has increased from 15.05 (Mar 23) to 19.65, marking an increase of 4.60.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.00. This value is within the healthy range. It has increased from 2.74 (Mar 23) to 3.00, marking an increase of 0.26.
For Retention Ratios (%), as of Mar 24, the value is 85.17. This value exceeds the healthy maximum of 70. It has decreased from 86.67 (Mar 23) to 85.17, marking a decrease of 1.50.
For Price / BV (X), as of Mar 24, the value is 5.53. This value exceeds the healthy maximum of 3. It has increased from 5.30 (Mar 23) to 5.53, marking an increase of 0.23.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.00. This value is within the healthy range. It has increased from 2.74 (Mar 23) to 3.00, marking an increase of 0.26.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 23) to 0.02, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Asahi India Glass Ltd as of May 23, 2025 is: 606.91

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 May 23, 2025, Asahi India Glass Ltd is Overvalued by 14.64% compared to the current share price 711.00

Intrinsic Value of Asahi India Glass Ltd as of May 23, 2025 is: 745.24

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 May 23, 2025, Asahi India Glass Ltd is Undervalued by 4.82% compared to the current share price 711.00

Last 5 Year EPS CAGR: 22.79%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 28.83, which is a positive sign. The company has shown consistent growth in sales (2.58 cr) and profit (274.92 cr) over the years.	The stock has a low average ROCE of 13.92%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 82.50, which may not be favorable. The company has higher borrowings (1,553.08) compared to reserves (1,175.69), which may suggest financial risk.

Stock Analysis

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 Asahi India Glass Ltd:
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: 13.78%)
  - 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: 13.97%)
  - 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: 50.2 (Industry average Stock P/E: 42.9)
  - 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. 4311.61 Cr. and Equity Capital is Rs. 24.31 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Glass & Glass Products	A-2/10, 1st Floor, WHS DDA Marble Market, New Delhi Delhi 110015	investorrelations@aisglass.com http://www.aisglass.com

Management
Name	Position Held
Mr. Sanjay Labroo	Chairman & Managing Director
Ms. Shradha Suri	Director
Dr. Satoshi Ishizuka	Director
Mr. Yoji Taguchi	Director
Mr. Gurvirendra Singh Talwar	Director
Mr. Masahiro Takeda	Director
Mr. Rahul Rana	Director
Ms. Sheetal Kapal Mehta	Director
Mr. Masao Fukami	Dy.Managing Director & CTO
Ms. Nisheeta labroo	Director

FAQ

What is the intrinsic value of Asahi India Glass Ltd?

Asahi India Glass Ltd's intrinsic value (as of 22 May 2025) is ₹606.91 — 14.64% lower the current market price of 711.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 17,287 Cr. market cap, FY2025-2026 high/low of ₹834/540, reserves of 2,452 Cr, and liabilities of 6,019 Cr.

What is the Market Cap of Asahi India Glass Ltd?

The Market Cap of Asahi India Glass Ltd is 17,287 Cr..

What is the current Stock Price of Asahi India Glass Ltd as on 22 May 2025?

The current stock price of Asahi India Glass Ltd as on 22 May 2025 is 711.

What is the High / Low of Asahi India Glass Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Asahi India Glass Ltd stocks is ₹834/540.

What is the Stock P/E of Asahi India Glass Ltd?

The Stock P/E of Asahi India Glass Ltd is 50.2.

What is the Book Value of Asahi India Glass Ltd?

The Book Value of Asahi India Glass Ltd is 110.

What is the Dividend Yield of Asahi India Glass Ltd?

The Dividend Yield of Asahi India Glass Ltd is 0.28 %.

What is the ROCE of Asahi India Glass Ltd?

The ROCE of Asahi India Glass Ltd is 12.6 %.

What is the ROE of Asahi India Glass Ltd?

The ROE of Asahi India Glass Ltd is 13.7 %.

What is the Face Value of Asahi India Glass Ltd?

The Face Value of Asahi India Glass Ltd is 1.00.