Asahi India Glass Ltd.
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 laminated glass for car windscreens; tempered glass for sidelites, backlites, and car windscreens; sunroof; sub-assemblies; value-added glass products; and white goods. It also provides architectural glass products comprising annealed, decorative, float, processed, fire-resistant, energy-efficient, window, and designer glass products, as well as coated glass products for exteriors and interiors. In addition, the company offers consumer glass products for doors, windows, staircases, balustrades, canopies, and infinity pools; and industrial glass products for consumer durables, and construction and farm equipment. Further, it provides automotive glass repair and replacement services, as well as sunroof glass replacement services; and professional car care services comprising battery check and replacement, car detailing and headlight restoration, wiper blade and replacement, and car care product services. The company serves the automotive sector comprising auto manufacturers OEMs, after market, and car owners; building and construction segment consisting of influencers, developers, fabricators/processors, and government/industrial; consumer and trader sector, such as residential, commercial, and dealers and distributors; and industrial sector, including white goods OEMs, and construction and farm equipment. It exports its products. Asahi India Glass Limited was incorporated in 1984 and is based in Gurugram, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+10.8%); Feb the lowest (-7.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.1%Neutral MonthJan 2026: -1.12% | -9.3%Negative MonthFeb 2026: -9.25% | -13.6%Negative MonthMar 2026: -13.57% | +6.4%Positive MonthApr 2026: +6.41% | +8.1%Positive MonthMay 2026: +8.12% | -5.9%Negative MonthJun 2026: -5.89% | +2.8%Positive MonthJul 2026: +2.80% | +8.8%*Positive MonthAug 2026: +8.84% | β | β | β | β |
| 2025 | -11.5%Negative MonthJan 2025: -11.45% | -8.2%Negative MonthFeb 2025: -8.20% | -2.9%Negative MonthMar 2025: -2.86% | +22.1%Positive MonthApr 2025: +22.11% | +1.7%Neutral MonthMay 2025: +1.71% | +1.5%Neutral MonthJun 2025: +1.53% | +10.6%Positive MonthJul 2025: +10.58% | -0.4%Neutral MonthAug 2025: -0.36% | +2.2%Positive MonthSep 2025: +2.25% | +7.9%Positive MonthOct 2025: +7.87% | +10.5%Positive MonthNov 2025: +10.47% | -0.6%Neutral MonthDec 2025: -0.63% |
| 2024 | -9.0%Negative MonthJan 2024: -9.00% | +2.1%Positive MonthFeb 2024: +2.13% | -0.1%Neutral MonthMar 2024: -0.15% | +12.4%Positive MonthApr 2024: +12.41% | -2.2%Negative MonthMay 2024: -2.23% | +14.0%Positive MonthJun 2024: +14.00% | -1.1%Neutral MonthJul 2024: -1.13% | -4.0%Negative MonthAug 2024: -4.00% | +24.2%Positive MonthSep 2024: +24.18% | -5.1%Negative MonthOct 2024: -5.14% | -8.8%Negative MonthNov 2024: -8.76% | +11.5%Positive MonthDec 2024: +11.50% |
| 2023 | -2.5%Negative MonthJan 2023: -2.53% | -5.6%Negative MonthFeb 2023: -5.60% | -6.1%Negative MonthMar 2023: -6.07% | +6.0%Positive MonthApr 2023: +6.05% | -6.1%Negative MonthMay 2023: -6.12% | +7.9%Positive MonthJun 2023: +7.94% | +18.0%Positive MonthJul 2023: +18.02% | +3.4%Positive MonthAug 2023: +3.39% | +5.8%Positive MonthSep 2023: +5.83% | -11.0%Negative MonthOct 2023: -10.99% | +2.0%Neutral MonthNov 2023: +1.97% | +1.2%Neutral MonthDec 2023: +1.21% |
| 2022 | +15.0%Positive MonthJan 2022: +14.97% | -15.0%Negative MonthFeb 2022: -15.01% | -8.5%Negative MonthMar 2022: -8.46% | +7.2%Positive MonthApr 2022: +7.20% | -3.0%Negative MonthMay 2022: -3.05% | +20.6%Positive MonthJun 2022: +20.65% | +10.1%Positive MonthJul 2022: +10.13% | +7.7%Positive MonthAug 2022: +7.70% | -0.9%Neutral MonthSep 2022: -0.85% | -3.4%Negative MonthOct 2022: -3.37% | +0.5%Neutral MonthNov 2022: +0.52% | -15.1%Negative MonthDec 2022: -15.06% |
| 2021 | β | β | β | β | β | +6.4%Positive MonthJun 2021: +6.41% | +13.7%Positive MonthJul 2021: +13.74% | -6.6%Negative MonthAug 2021: -6.61% | +1.3%Neutral MonthSep 2021: +1.26% | +18.4%Positive MonthOct 2021: +18.43% | +11.6%Positive MonthNov 2021: +11.57% | +0.4%Neutral MonthDec 2021: +0.41% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ4.31 K Cr | β | βΉ389.00 Cr | β | β | 14.2% | 4.0% | 15.8% |
| Mar 2024 | βΉ4.15 K Cr | β | βΉ336.00 Cr | β | β | 13.9% | 5.8% | -8.7% |
| Mar 2023 | βΉ3.92 K Cr | β | βΉ368.00 Cr | β | β | 17.3% | 26.0% | 5.7% |
| Mar 2022 | βΉ3.11 K Cr | β | βΉ348.00 Cr | β | β | 19.2% | 30.7% | 150.4% |
| Mar 2021 | βΉ2.38 K Cr | β | βΉ139.00 Cr | β | β | 9.4% | -8.4% | -13.1% |
| Mar 2020 | βΉ2.60 K Cr | β | βΉ160.00 Cr | β | β | 11.9% | -9.1% | -15.8% |
| Mar 2019 | βΉ2.86 K Cr | β | βΉ190.00 Cr | β | β | 15.2% | 10.4% | 2.7% |
| Mar 2018 | βΉ2.59 K Cr | β | βΉ185.00 Cr | β | β | 16.7% | 12.3% | 25.0% |
| Mar 2017 | βΉ2.31 K Cr | β | βΉ148.00 Cr | β | β | 15.5% | 6.4% | 52.6% |
| Mar 2016 | βΉ2.17 K Cr | β | βΉ97.00 Cr | β | β | 24.6% | 5.4% | 94.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 2,143 | 2,057 | 2,168 | 2,307 | 2,590 | 2,859 | 2,599 | 2,380 | 3,110 | 3,918 | 4,146 | 4,312 | 4,386 |
| Total Expenses | 1,912 | 1,740 | 1,765 | 1,879 | 2,114 | 2,338 | 2,155 | 1,937 | 2,342 | 3,110 | 3,426 | 3,582 | 3,674 |
| EBIT / Operating Profit | 231 | 317 | 403 | 428 | 476 | 520 | 445 | 444 | 768 | 808 | 720 | 730 | 712 |
| OPM % | 11% | 15% | 19% | 19% | 18% | 18% | 17% | 19% | 25% | 21% | 17% | 17% | 16% |
| Other Income | 6 | 13 | 4 | 28 | 21 | 18 | 15 | 40 | 24 | 21 | 29 | 92 | 105 |
| Finance Costs | 162 | 159 | 143 | 144 | 123 | 135 | 144 | 138 | 118 | 101 | 131 | 122 | 178 |
| Depreciation & Amortisation | 137 | 107 | 105 | 76 | 92 | 115 | 132 | 127 | 155 | 154 | 165 | 172 | 213 |
| Profit Before Tax | -63 | 64 | 158 | 237 | 282 | 288 | 184 | 218 | 519 | 575 | 454 | 527 | 426 |
| Tax % | -36% | 21% | 38% | 37% | 34% | 34% | 13% | 36% | 33% | 36% | 26% | 26% | - |
| Net Profit / PAT | -40 | 50 | 97 | 148 | 185 | 190 | 160 | 139 | 348 | 368 | 336 | 389 | 321 |
| EPS (βΉ) | -1.65 | 2.07 | 4 | 6.09 | 7.62 | 7.82 | 6.58 | 5.71 | 14.30 | 15.13 | 13.80 | 16.01 | 13.11 |
| Dividend Payout % | 0% | 0% | 15% | 16% | 20% | 13% | 15% | 18% | 14% | 13% | 14% | 12% | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Asahi India Glass Ltd.this co. | βΉ24.51 K Cr | βΉ4.31 K Cr | 88.60 | 6.44 | 34.71 | 4.0% |
| Maruti Suzuki India Ltd. | βΉ5.16 L Cr | βΉ1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Mahindra & Mahindra Ltd. | βΉ4.55 L Cr | βΉ1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Bajaj Auto Limited | βΉ2.67 L Cr | βΉ50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | βΉ2.03 L Cr | βΉ18.45 K Cr | 43.20 | 10.56 | β | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | βΉ1.88 L Cr | βΉ67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | βΉ1.78 L Cr | βΉ36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Industry Average | β | βΉ15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |
