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Asahi India Glass Limited (ASAHIINDIA) AI Stock Analysis

4 Followers
IN:ASAHIINDIA

Asahi India Glass Limited

(NSE:ASAHIINDIA)

Select Model
Rating:56.5Neutral
Price Target:INR 1,089.00â–²(0.08% Upside)
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
Revenue GrowthSteady revenue expansion indicates continued demand for AIS products across its served markets. If maintained, this growth can support higher operating scale, reinforce customer relationships, and provide a durable base for future earnings even as individual end-market conditions fluctuate.
Negative Factors
Persistent Negative Free Cash FlowMulti-year negative free cash flow shows that investment or working-capital needs are absorbing operating cash. This limits AIS’s ability to self-fund expansion, reduce borrowings, or return cash to shareholders, making sustained cash conversion an important medium-term weakness.

Asahi India Glass Limited (ASAHIINDIA) vs. iShares MSCI India ETF (INDA)

-20%-15%-10%-5%0%5%10%15%IN:ASAHIINDIA+12.50%INDA-4.82%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 277.37B
Dividend Yield
0.18%
Average Volume (3M)
16.94K
Price to Earnings (P/E)
50.6
Beta (1Y)
0.89
Revenue Growth
19.75%
EPS Growth
69.80%
Country
India
Employees
6,719
Sector
General
Sector Strength
55
Industry
Furnishings, Fixtures & Appliances

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, including...

How the Company Makes Money

AIS makes money mainly by manufacturing and selling glass and glazing products to customers in two core end-markets—automotive and building & construction—supplemented by value-added processing and solution-based offerings. 1) Automotive glass sales...

Asahi India Glass Limited Financial Statement Overview

Summary

Income statement strength is moderate (steady revenue growth but pressured/less consistent profitability). Balance sheet is adequate but weaker due to rising leverage and a meaningful recent increase in debt. Cash flow is the main drag: free cash flow has been negative for multiple years, limiting flexibility to self-fund growth or de-lever.

Income Statement

66Positive

Balance Sheet

58Neutral

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue51.46B49.06B45.94B43.41B40.19B31.70B
Gross Profit25.60B34.23B28.35B26.18B25.64B21.91B
EBITDA10.69B9.48B7.69B7.21B8.12B7.62B
Net Income4.38B3.45B3.71B3.28B3.65B3.45B
Balance Sheet
Total Assets077.72B67.90B55.00B45.80B37.77B
Cash, Cash Equivalents and Short-Term Investments2.45B2.45B1.71B1.79B1.18B879.00M
Total Debt021.98B26.96B19.68B14.01B12.38B
Total Liabilities-39.34B38.38B41.47B31.69B25.27B20.32B
Stockholders Equity39.34B39.32B26.69B23.53B20.75B17.62B
Cash Flow
Free Cash Flow-2.22B-1.65B-5.45B-2.48B767.60M4.85B
Operating Cash Flow1.42B5.02B7.23B6.53B4.02B5.86B
Investing Cash Flow-3.47B-6.65B-11.91B-9.24B-3.20B-792.70M
Financing Cash Flow9.84B2.45B4.58B3.30B-520.90M-4.79B

Asahi India Glass Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price1088.15

Price Trends

50DMA953.70Positive
100DMA925.10Positive
200DMA902.25Positive

Market Momentum

MACD28.07Negative
RSI76.87Negative
STOCH95.38Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAHIINDIA, the sentiment is Positive. The current price of 1088.15 is above the 20-day moving average (MA) of 950.39, above the 50-day MA of 953.70, and above the 200-day MA of 902.25, indicating a bullish trend. The MACD of 28.07 indicates Negative momentum. The RSI at 76.87 is Negative, neither overbought nor oversold. The STOCH value of 95.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASAHIINDIA.

Asahi India Glass Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:ASAHIINDIA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:STYLAMINDIN:STYLAMIND75OutperformINR 53.78B31.27――11.48%43.34%
IN:NILKAMALIN:NILKAMAL68NeutralINR 30.61B20.62―0.91%7.60%52.13%
IN:CERAIN:CERA63NeutralINR 61.15B31.17―1.54%14.86%-13.72%
IN:BOROLTDIN:BOROLTD62NeutralINR 36.96B46.67――5.50%-8.69%
IN:ASAHIINDIAIN:ASAHIINDIA57NeutralINR 268.97B50.58―0.18%19.75%69.80%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:GREENLAMIN:GREENLAM54NeutralINR 52.29B60.35―0.20%20.11%172.93%

* General Sector Average

Performance Comparison

0%50%IN:ASAHIINDIAIN:BOROLTDIN:CERAIN:GREENLAMIN:NILKAMALIN:STYLAMINDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:ASAHIINDIA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:ASAHIINDIAAsahi India Glass Limited1088.15118.6912.24%
IN:BOROLTDBorosil Ltd309.40-28.65-8.48%
IN:CERACera Sanitaryware Limited4886.00-742.02-13.18%
IN:GREENLAMGreenlam Industries Ltd204.10-63.48-23.73%
IN:NILKAMALNilkamal Limited2197.25724.7349.22%
IN:STYLAMINDStylam Industries Limited3212.601301.1068.07%

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 2025-26 a...

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. Shareholde...

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 accompanied by...

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.

Date of analysis: Aug 28, 2026