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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Asahi India Glass Ltd

About the Company - Asahi India Glass Ltd

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 ProductsUnit No. 203 to 208, Tribhuwan Complex, New Delhi Delhi 110065investorrelations@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

Basic Stock Data of Asahi India Glass Ltd

Last Updated: April 8, 2024, 5:11 am

Market Cap 14,398 Cr.
Current Price 592
High / Low651/445
Stock P/E45.0
Book Value 91.2
Dividend Yield0.34 %
ROCE20.5 %
ROE18.6 %
Face Value 1.00
PEG Ratio2.81

Asahi India Glass Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7528156047978299449231,0141,0101,0721,0891,1201,044
Expenses577633485610614701702799821902880934880
Operating Profit175182118187216243221215188170209186163
OPM %23%22%20%23%26%26%24%21%19%16%19%17%16%
Other Income618377118979782
Interest35333332282826262726343434
Depreciation34353740434040403941414346
Profit before tax1121325212215118616315912911214111785
Tax %35%36%33%34%34%32%35%34%36%39%27%26%26%
Net Profit7384358110012810610483681038663
EPS in Rs3.043.481.453.344.125.274.404.333.452.844.273.572.61

Last Updated: May 7, 2024, 4:56 pm

Asahi India Glass Ltd Quarterly Chart

Asahi India Glass Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6811,9442,2172,0992,2092,3452,6332,9132,6432,4213,1704,0194,324
Expenses1,5061,7771,9871,7891,8161,9302,1692,4032,2121,9872,4103,2243,596
Operating Profit175167229309393415464510431435761795728
OPM %10%9%10%15%18%18%18%18%16%18%24%20%17%
Other Income111041333123242346313325
Interest148170163160144144124135146143121105129
Depreciation1321541431121107995119137132160160170
Profit before tax-95-147-7251142223269280171205511563455
Tax %30%33%31%26%42%33%35%33%11%36%33%36%
Net Profit-66-99-484085150176188151131343362320
EPS in Rs-2.68-4.01-1.921.733.586.157.307.826.325.4714.1815.0113.29
Dividend Payout %0%0%0%0%17%16%21%13%16%18%14%13%

Asahi India Glass Ltd Profit & Loss Yearly Chart

Asahi India Glass Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:22%
TTM:8%
Compounded Profit Growth
10 Years:25%
5 Years:12%
3 Years:37%
TTM:-9%
Stock Price CAGR
10 Years:25%
5 Years:20%
3 Years:24%
1 Year:32%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:18%
Last Year:15%

Last Updated: April 8, 2024, 5:11 am

Asahi India Glass Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16162424242424242424242424
Reserves123742172573309021,0511,1911,2781,4151,7382,0502,193
Borrowings1,5791,5461,3951,4191,3191,2211,3731,6431,7621,5661,2381,4011,561
Other Liabilities5426996775605986828338317997687761,1041,149
Total Liabilities2,2602,3352,3132,2602,2722,8303,2813,6893,8633,7733,7774,5804,927
Fixed Assets1,3181,2371,1771,1431,1341,5881,9071,9562,0352,2212,3232,3952,438
CWIP23334341658511445348926291235325
Investments1213141619274248556985112132
Other Assets9071,0521,0791,0601,0541,1291,2181,2321,2841,2221,2781,8392,031
Total Assets2,2602,3352,3132,2602,2722,8303,2813,6893,8633,7733,7774,5804,927

Asahi India Glass Ltd Reserves and Borrowings Chart

Asahi India Glass Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1781111050230418449424293516586402
Cash from Investing Activity -215-83-92-69-124-190-448-512-214-84-79-320
Cash from Financing Activity 28174724-100-249-191-93-382-479-52
Net Cash Flow-945-3547-2113-14512829

Asahi India Glass Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days575755464438453436402831
Inventory Days348270255250236252240273310284285271
Days Payable256290253139132161230252248277246225
Cash Conversion Cycle1493856158148129565598476777
Working Capital Days124-103635443394494656
ROCE %3%1%6%12%17%19%17%16%11%11%21%21%

Asahi India Glass Ltd Financial Efficiency Indicators Chart

Asahi India Glass Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters54.27%54.24%54.24%54.24%54.24%54.23%54.23%54.24%54.24%54.23%54.22%54.22%
FIIs1.12%1.25%1.48%1.47%1.63%3.29%3.78%3.79%3.62%3.68%3.71%3.94%
DIIs0.85%0.89%1.53%1.55%1.83%1.66%1.68%1.73%1.72%1.83%1.91%1.44%
Government0.38%0.38%0.38%0.38%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public43.38%43.24%42.37%42.36%41.93%40.81%40.31%40.24%40.42%40.26%40.15%40.37%
No. of Shareholders42,32042,38146,95751,94553,15857,15858,71358,71661,23262,82559,97063,465

Asahi India Glass Ltd Shareholding Pattern Chart

No. of Asahi India Glass Ltd Shareholders

Asahi India Glass Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund17928130.3112.61
HSBC Small Cap Fund - Regular Plan13115500.7182.38
Mahindra Manulife Small Cap Fund3915231.1424.59
ITI Multi Cap Fund1327371.258.34
Mahindra Manulife Business Cycle Fund886521.25.57
Mahindra Manulife Equity Savings Fund625000.983.93
Nippon India Nifty Smallcap 250 Index Fund625080.563.93
Motilal Oswal Nifty Smallcap 250 Index Fund392910.562.47
ICICI Prudential Nifty Smallcap 250 Index Fund154960.560.97
HDFC NIFTY Smallcap 250 ETF70750.560.44

Asahi India Glass Ltd ROCE Trend

Asahi India Glass Ltd EPS Trend

Asahi India Glass Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)15.0114.185.476.327.82
Diluted EPS (Rs.)15.0114.185.476.327.82
Cash EPS (Rs.)20.7720.2010.4311.4612.32
Book Value[Excl.RevalReserv]/Share (Rs.)84.4671.7558.5653.0049.54
Book Value[Incl.RevalReserv]/Share (Rs.)84.4671.7558.5653.0049.54
Revenue From Operations / Share (Rs.)165.31130.4299.60108.73119.83
PBDIT / Share (Rs.)33.3732.0819.3718.4121.78
PBIT / Share (Rs.)26.8025.5213.9312.7716.90
PBT / Share (Rs.)22.5020.548.046.6211.23
Net Profit / Share (Rs.)14.2013.634.995.827.44
NP After MI And SOA / Share (Rs.)15.0114.185.476.327.82
PBDIT Margin (%)20.1824.6019.4416.9318.17
PBIT Margin (%)16.2119.5613.9811.7414.10
PBT Margin (%)13.6115.748.076.089.37
Net Profit Margin (%)8.5910.455.005.356.20
NP After MI And SOA Margin (%)9.0710.875.495.816.52
Return on Networth / Equity (%)17.5819.569.2411.8015.64
Return on Capital Employeed (%)21.9823.0013.6212.5917.60
Return On Assets (%)7.969.123.523.975.15
Long Term Debt / Equity (X)0.360.490.690.850.90
Total Debt / Equity (X)0.650.680.871.071.17
Asset Turnover Ratio (%)0.930.810.620.680.81
Current Ratio (X)1.081.140.880.830.83
Quick Ratio (X)0.440.470.370.310.32
Inventory Turnover Ratio (X)1.641.371.051.251.49
Dividend Payout Ratio (NP) (%)13.327.050.0031.6219.17
Dividend Payout Ratio (CP) (%)9.264.810.0016.7211.81
Earning Retention Ratio (%)86.6892.950.0068.3880.83
Cash Earning Retention Ratio (%)90.7495.190.0083.2888.19
Interest Coverage Ratio (X)7.756.453.293.063.92
Interest Coverage Ratio (Post Tax) (X)4.303.741.851.992.36
Enterprise Value (Cr.)12209.0411553.988699.495142.887750.99
EV / Net Operating Revenue (X)3.043.643.591.952.66
EV / EBITDA (X)15.0514.8118.4811.4914.64
MarketCap / Net Operating Revenue (X)2.743.303.111.432.18
Retention Ratios (%)86.6792.940.0068.3780.82
Price / BV (X)5.305.935.222.905.23
Price / Net Operating Revenue (X)2.743.303.111.432.18
EarningsYield0.030.030.010.040.02

Asahi India Glass Ltd Profitability Ratios (%)

Asahi India Glass Ltd Liquidity Ratios

Asahi India Glass Ltd Liquidity Ratios (%)

Asahi India Glass Ltd Interest Coverage Ratios (%)

Asahi India Glass Ltd Valuation Ratios

Strength and Weakness of Asahi India Glass Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 26.50, which is a positive sign.
  2. The company has shown consistent growth in sales (2.23 cr) and profit (196.62 cr) over the years.
  1. The stock has a low average ROCE of 12.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 89.83, which may not be favorable.
  3. The company has higher borrowings (1,463.31) compared to reserves (986.08), which may suggest financial risk.

FAQ

What is the latest fair value of Asahi India Glass Ltd?

The latest fair value of Asahi India Glass Ltd is 0.00.

What is the Market Cap of Asahi India Glass Ltd?

The Market Cap of Asahi India Glass Ltd is 14,398 Cr..

What is the current Stock Price of Asahi India Glass Ltd as on 13 April 2024?

The current stock price of Asahi India Glass Ltd as on 13 April 2024 is 592.

What is the High / Low of Asahi India Glass Ltd stocks in FY 2024?

In FY 2024, the High / Low of Asahi India Glass Ltd stocks is ₹651/445.

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

The Stock P/E of Asahi India Glass Ltd is 45.0.

What is the Book Value of Asahi India Glass Ltd?

The Book Value of Asahi India Glass Ltd is 91.2.

What is the Dividend Yield of Asahi India Glass Ltd?

The Dividend Yield of Asahi India Glass Ltd is 0.34 %.

What is the ROCE of Asahi India Glass Ltd?

The ROCE of Asahi India Glass Ltd is 20.5 %.

What is the ROE of Asahi India Glass Ltd?

The ROE of Asahi India Glass Ltd is 18.6 %.

What is the Face Value of Asahi India Glass Ltd?

The Face Value of Asahi India Glass Ltd 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 Asahi India Glass Ltd. 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