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Asahi India Glass Limited
(ASAHIINDIA)
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Rating:57Neutral
Price Target:
₹983.00
▼(-5.04% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak cash generation (multi-year negative free cash flow) and rising leverage, despite decent revenue growth. Technicals are supportive with a clear uptrend and positive momentum indicators. Valuation remains a constraint due to a high P/E and minimal dividend yield.
Positive Factors
Steady revenue growth
Steady multi-year revenue growth indicates continued demand across automotive and architectural glass markets. Although recent growth has moderated, the established customer applications and recurring end-market needs support ongoing business scale.
Negative Factors
Persistent negative free cash flow
Persistent negative free cash flow suggests that capital expenditure or working-capital needs are absorbing operating cash. This limits the ability to self-fund expansion, reduce borrowings or return capital, increasing reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Steady multi-year revenue growth indicates continued demand across automotive and architectural glass markets. Although recent growth has moderated, the established customer applications and recurring end-market needs support ongoing business scale.
Read all positive factors
Asahi India Glass Limited (ASAHIINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹242.16B
Dividend Yield0.21%
Average Volume (3M)17.14K
Price to Earnings (P/E)55.4
Beta (1Y)0.81
Revenue Growth10.32%
EPS Growth19.43%
CountryIN
Employees6,719
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)17.17
Shares Outstanding254,927,190
10 Day Avg. Volume14,669
30 Day Avg. Volume17,140
Financial Highlights & Ratios
PEG Ratio-6.27
Price to Book (P/B)5.22
Price to Sales (P/S)4.18
P/FCF Ratio-124.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.6
Revenue Forecast (FY)₹54.18B
Asahi India Glass Limited Business Overview & Revenue Model
Company Description
Asahi India Glass Limited, together with its subsidiaries, manufactures and sells glass products in India and internationally. It operates through two segments, Automotive Glass and Float Glass. The company offers automotive glass products, includ...
How the Company Makes Money
AIS makes money mainly by manufacturing and processing glass and selling it across two core end-markets: (1) Automotive glass and related solutions: Revenue is generated by supplying processed automotive glass (e.g., windshields, sidelites, backli...
Asahi India Glass Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.46B | 49.06B | 45.94B | 43.41B | 40.19B | 31.70B |
| Gross Profit | 25.60B | 34.23B | 28.35B | 26.18B | 25.64B | 21.91B |
| EBITDA | 10.69B | 9.48B | 7.43B | 7.08B | 8.01B | 7.52B |
| Net Income | 4.38B | 3.45B | 3.71B | 3.28B | 3.65B | 3.45B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 77.72B | 67.90B | 55.00B | 45.80B | 37.77B |
| Cash, Cash Equivalents and Short-Term Investments | 2.45B | 2.45B | 1.71B | 1.79B | 1.18B | 879.00M |
| Total Debt | 0.00 | 21.98B | 26.96B | 19.68B | 14.01B | 12.38B |
| Total Liabilities | -39.34B | 38.38B | 41.47B | 31.69B | 25.27B | 20.32B |
| Stockholders Equity | 39.34B | 39.32B | 26.69B | 23.53B | 20.75B | 17.62B |
Cash Flow | ||||||
| Free Cash Flow | -2.22B | -1.65B | -5.45B | -2.48B | 767.60M | 4.85B |
| Operating Cash Flow | 1.42B | 5.02B | 7.23B | 6.53B | 4.02B | 5.86B |
| Investing Cash Flow | -3.47B | -6.65B | -11.91B | -9.24B | -3.20B | -792.70M |
| Financing Cash Flow | 9.84B | 2.45B | 4.58B | 3.30B | -520.90M | -4.79B |
Asahi India Glass Limited Technical Analysis
Neutral
1035.15
Price Trends
922.81
Positive
891.55
Positive
910.16
Positive
Market Momentum
10.90
Positive
52.10
Neutral
38.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAHIINDIA, the sentiment is Neutral. The current price of 1035.15 is above the 20-day moving average (MA) of 956.30, above the 50-day MA of 922.81, and above the 200-day MA of 910.16, indicating a neutral trend. The MACD of 10.90 indicates Positive momentum. The RSI at 52.10 is Neutral, neither overbought nor oversold. The STOCH value of 38.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASAHIINDIA.
Asahi India Glass Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹54.01B | 32.35 | ― | 0.14% | 10.07% | 43.02% | |
68 Neutral | ₹29.66B | 43.24 | ― | 0.48% | 9.14% | -15.01% | |
67 Neutral | ₹28.72B | 22.95 | ― | 1.04% | 7.57% | 20.58% | |
66 Neutral | ₹72.77B | 35.53 | ― | 1.34% | 8.68% | -17.48% | |
57 Neutral | ₹242.16B | 55.39 | ― | 0.21% | 10.32% | 19.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹59.13B | 64.45 | ― | 0.17% | 20.11% | 172.93% |
* General Sector Average
IN:ASAHIINDIA
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Asahi India Glass Limited Corporate Events
Asahi India Glass Sets Virtual AGM, Final Dividend for FY 2025-26
Aug 27, 2026
Asahi India Glass Limited has notified shareholders and the stock exchanges that its 41st Annual General Meeting will be held on 18 September 2026 via video conferencing and other audio visual means, with the integrated annual report for FY 2025-2...
Asahi India Glass Sets September AGM, Proposes Dividend and Key Board Resolutions
Aug 27, 2026
Asahi India Glass Limited has released its integrated annual report for the financial year 2025-26 and convened its 41st Annual General Meeting for September 18, 2026, to be held via video conferencing under prevailing regulatory guidance. Shareho...
Asahi India Glass files assured BRSR for FY 2025-26
Aug 27, 2026
Asahi India Glass Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, prepared on a standalone basis and forming part of the company’s integrated annual report. The BRSR is accomp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.