On 6 Nov 2026, Asahi India Glass was priced at ₹1,034.45, or 48.1× trailing earnings, against an industry P/E of 25.6×. Sales grew 7.0% a year over 3 years while net profit fell 1.9%; its ROCE of 11% is the lowest among the 7 largest Auto Parts peers. Debt is 0.54× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹26,371 Cr, ranked 13th of 140 Auto Parts companies by market cap; the shares rose 6.7% over the past year.
- ₹1,014.90
- ₹1,039.70
- ₹995.55
- ₹1,020.80
- 2.7 L
Health check
- ReturnsIn line
+6.7% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 48.1 vs industry 25.6.
- GrowthSlow
Sales +7.0%, profit −1.9% a year over 3 years.
- ProfitabilityWeak
ROCE 10.6% vs peer median 15.6%.
- Balance sheetFair
Debt 0.54× equity, interest covered 3.4×, Piotroski 6 of 9.
- Red flags1 to check
P/E of 48.1 against an industry P/E of 25.6.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹26,371 Cr
- Small cap
- P/E
- 48.1
- Industry 25.6
- Price to book
- 6.28
- Peers 8.75
- Dividend yield
- 0.19%
- ROE
- 13.9%
- Peers 12.3%
- ROCE
- 10.6%
- Peers 15.6%
- Debt to equity
- 0.54
- Debt ₹2,285 Cr
- EPS (TTM)
- ₹21.51
- Face value ₹1
- OPM (TTM)
- 21.9%
- Net margin 9.8%
- Sales growth
- +38.2%
- Latest quarter vs a year ago
- Profit growth
- +195.5%
- Latest quarter vs a year ago
- Price to sales
- 4.72
- EV/EBITDA 23.5
Strengths and risks
Strengths
- Quarterly profit up 195.5% on a year ago.
- Quarterly sales up 38.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 48.1 against an industry P/E of 25.6.
About Asahi India Glass
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 solutions; sub-assemblies; value-added glass products; and white goods. It also provides…
- Headquarters
- Gurugram
- Employees
- 2,987
- Sector
- Consumer Cyclical
- ISIN
- INE439A01020
- Website
- aisglass.com
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- plus 6.7%
- From 52-week high
- minus 3.7%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| ASAHIINDIAAsahi India Glass | 1,034.45 | plus 1.34% | 26,371 | 48.1 | 6.28 | 10.6% | 13.9% | 21.9% | 7.0% | −1.9% | 0.19% | plus 6.7% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,219 | 1,220 | 1,325 | 1,392 | 1,574 | |
| 1,026 | 970 | 1,039 | 1,067 | 1,228 | |
| 192 | 251 | 287 | 325 | 346 | |
| 15.8% | 20.5% | 21.6% | 23.3% | 22.0% | |
| 10.7 | 10.4 | 9.3 | 5.5 | 5.5 | |
| 59.3 | 43.3 | 41.8 | 46.7 | 44.6 | |
| 68 | 72.9 | 74.8 | 80.9 | 80.4 | |
| – | −12 | 0.3 | – | – | |
| 75.8 | 133 | 180 | 203 | 227 | |
| 27.7% | 25.1% | 26.2% | 26.4% | 26.2% | |
| 56.2 | 99.5 | 132 | 149 | 167 | |
| 2.31 | 3.90 | 5.20 | 5.85 | 6.56 |
Profit & loss
- Sales CAGR 3Y
- +7.0%
- Profit CAGR 3Y
- −1.9%
- EPS CAGR 3Y
- −2.7%
- ROE
- 13.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,983 | 4,306 | 4,540 | 4,883 | |
| – | +8.1% | +5.4% | +7.6% | |
| 3,171 | 3,567 | 3,771 | 3,920 | |
| 812 | 739 | 769 | 963 | |
| 20.4% | 17.2% | 16.9% | 19.7% | |
| 4.7 | 17.2 | 12.9 | −31.6 | |
| 101 | 134 | 117 | 191 | |
| 160 | 178 | 194 | 285 | |
| 7.1 | −1.7 | 41.1 | 3.9 | |
| 563 | 443 | 513 | 459 | |
| 35.8% | 26.6% | 28.4% | 24.8% | |
| 365 | 328 | 371 | 345 | |
| – | minus 10.1% | +13.2% | minus 7.2% | |
| 15.01 | 13.49 | 15.27 | 13.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.3 | 24.3 | 24.3 | 25.5 | |
| 2,050 | 2,329 | 2,645 | 3,907 | |
| 1,401 | 1,968 | 2,696 | 2,198 | |
| 1,104 | 1,179 | 1,425 | 1,642 | |
| 4,580 | 5,500 | 6,790 | 7,772 | |
| 2,624 | 3,523 | 4,562 | 4,899 | |
| 299 | 1,016 | 626 | 476 | |
| 26.3 | 55.8 | 61.9 | 96.3 | |
| 115 | 175 | 160 | 241 | |
| 1,516 | 730 | 1,380 | 2,060 | |
| 4,580 | 5,500 | 6,790 | 7,772 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 402 | 653 | 720 | 502 | |
| −320 | −924 | −1,191 | −665 | |
| −52.1 | 330 | 458 | 245 | |
| 29.2 | 59.2 | −13.4 | 81.6 | |
| −325 | −901 | −1,268 | −666 | |
| 76.8 | −248 | −548 | −165 | |
| −48.6 | −48.6 | −48.6 | −48.6 |
Shareholding pattern
- Promoters51.57%
- Public48.43%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.57% | 48.43% | 0.00 | |
| 30 Jun 2026 | 51.57% | 48.43% | 0.00 | |
| 31 Mar 2026 | 51.57% | 48.43% | 0.00 | |
| 31 Dec 2025 | 51.57% | 48.43% | 0.00 | |
| 30 Sep 2025 | 51.57% | 48.43% | – |
Major shareholders
Filings & events
News
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