ASAHIINDIA

Asahi India Glass Limited

Automotive and architectural glass products manufacturer

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

aisglass.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹920.30
Market cap
23,453 Cr
Stock P/E
53.6
P/B
5.97
Dividend yield
0.2%
ROE (FY26)
8.8%
ROCE (FY26)
11.1%
Operating margin (FY26)
12.7%
Debt / equity (FY26)
0.52
OCF / EBITDA (FY26)
54.7%
OCF / EBITDA (3Y)
77.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

AIS (Asahi India Glass) makes automotive glass and float glass in India, reporting these as its two main segments alongside a smaller Others segment.

Company snapshot

16thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 68.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Automotive Glass
68.5%
2,195 Cr257 Cr—
Float Glass
32.2%
1,032 Cr159 Cr—
Others
2.3%
74 Cr-1 Cr—

Shares add up to 103% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,120 Cr1,044 Cr1,105 Cr1,133 Cr1,158 Cr1,124 Cr1,180 Cr1,229 Cr1,151 Cr1,256 Cr1,354 Cr1,413 Cr
Operating expenses (approx.)934 Cr880 Cr925 Cr951 Cr945 Cr949 Cr983 Cr1,036 Cr963 Cr1,005 Cr1,067 Cr1,089 Cr
EBITDA186 Cr163 Cr180 Cr181 Cr213 Cr175 Cr197 Cr192 Cr188 Cr251 Cr287 Cr325 Cr
OPM %16.6%15.7%16.3%16.0%18.4%15.6%16.7%15.7%16.4%20.0%21.2%23.0%
Other income3 Cr2 Cr2 Cr3 Cr6 Cr14 Cr9 Cr11 Cr11 Cr10 Cr9 Cr6 Cr
Interest34 Cr34 Cr33 Cr32 Cr31 Cr32 Cr33 Cr59 Cr59 Cr43 Cr42 Cr47 Cr
Depreciation43 Cr46 Cr48 Cr47 Cr48 Cr49 Cr49 Cr68 Cr69 Cr73 Cr75 Cr81 Cr
Profit before tax117 Cr85 Cr100 Cr107 Cr141 Cr140 Cr124 Cr76 Cr71 Cr133 Cr180 Cr203 Cr
Tax %25.9%26.5%27.0%28.4%32.9%25.5%26.4%27.7%17.5%25.1%26.2%26.4%
Net profit86 Cr63 Cr73 Cr77 Cr95 Cr105 Cr92 Cr55 Cr58 Cr99 Cr133 Cr149 Cr
EPS (₹)₹3.57₹2.61₹3.04₹3.21₹3.93₹4.34₹3.80₹2.31₹2.22₹3.90₹5.20₹5.85

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,570 Cr2,683 Cr2,914 Cr2,645 Cr2,434 Cr3,173 Cr4,019 Cr4,357 Cr4,594 Cr4,990 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,155 Cr2,215 Cr2,403 Cr2,209 Cr1,987 Cr2,410 Cr3,224 Cr3,619 Cr3,828 Cr4,072 CrSign in free for the trailing twelve months
EBITDA415 Cr468 Cr512 Cr436 Cr448 Cr764 Cr795 Cr738 Cr766 Cr918 CrSign in free for the trailing twelve months
OPM %16.2%17.4%17.6%16.5%18.4%24.1%19.8%16.9%16.7%18.4%Sign in free for the trailing twelve months
Other income29 Cr20 Cr18 Cr11 Cr23 Cr16 Cr16 Cr9 Cr32 Cr41 CrSign in free for the trailing twelve months
Interest144 Cr124 Cr135 Cr146 Cr143 Cr121 Cr105 Cr136 Cr128 Cr204 CrSign in free for the trailing twelve months
Depreciation79 Cr95 Cr119 Cr137 Cr132 Cr160 Cr160 Cr177 Cr192 Cr285 CrSign in free for the trailing twelve months
Profit before tax223 Cr269 Cr280 Cr171 Cr205 Cr511 Cr563 Cr443 Cr513 Cr459 CrSign in free for the trailing twelve months
Tax %32.8%34.6%32.9%11.4%36.2%32.9%35.8%26.6%28.4%24.8%Sign in free for the trailing twelve months
Net profit150 Cr176 Cr188 Cr151 Cr131 Cr343 Cr362 Cr325 Cr367 Cr345 CrSign in free for the trailing twelve months
EPS (₹)₹6.15₹7.30₹7.82₹6.32₹5.47₹14.18₹15.01₹13.49₹15.27₹13.82Sign in free for the trailing twelve months
Dividend payout %————0.0%7.1%-13.4%-15.0%13.2%14.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr25 Cr
Reserves902 Cr1,051 Cr1,191 Cr1,278 Cr1,415 Cr1,738 Cr2,050 Cr2,329 Cr2,645 Cr3,907 Cr
Borrowings1,045 Cr1,269 Cr1,424 Cr1,388 Cr1,255 Cr1,203 Cr1,353 Cr1,879 Cr2,530 Cr2,059 Cr
Other liabilities867 Cr946 Cr1,061 Cr1,186 Cr1,094 Cr829 Cr1,174 Cr1,290 Cr1,617 Cr1,779 Cr
Total liabilities2,830 Cr3,281 Cr3,689 Cr3,863 Cr3,773 Cr3,777 Cr4,580 Cr5,500 Cr6,790 Cr7,772 Cr
Fixed assets (net)1,516 Cr1,898 Cr1,947 Cr1,684 Cr1,881 Cr1,989 Cr1,945 Cr2,093 Cr3,454 Cr3,970 Cr
CWIP85 Cr114 Cr453 Cr489 Cr262 Cr91 Cr235 Cr826 Cr562 Cr445 Cr
Investments27 Cr42 Cr48 Cr399 Cr402 Cr414 Cr492 Cr499 Cr531 Cr531 Cr
Loans & advances——2 Cr3 Cr5 Cr14 Cr16 Cr24 Cr32 Cr29 Cr
Inventories584 Cr614 Cr691 Cr722 Cr654 Cr716 Cr1,028 Cr994 Cr1,119 Cr1,227 Cr
Trade receivables241 Cr323 Cr270 Cr261 Cr268 Cr246 Cr337 Cr354 Cr442 Cr509 Cr
Cash & bank16 Cr17 Cr22 Cr14 Cr58 Cr88 Cr118 Cr179 Cr165 Cr245 Cr
Other assets361 Cr273 Cr258 Cr292 Cr242 Cr219 Cr410 Cr532 Cr484 Cr817 Cr
Total assets2,830 Cr3,281 Cr3,689 Cr3,863 Cr3,773 Cr3,777 Cr4,580 Cr5,500 Cr6,790 Cr7,772 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity418 Cr449 Cr424 Cr293 Cr516 Cr614 Cr418 Cr661 Cr723 Cr502 Cr
Cash from investing-190 Cr-448 Cr-512 Cr-214 Cr-93 Cr-79 Cr-320 Cr-924 Cr-1,191 Cr-665 Cr
Cash from financing-249 Cr-1 Cr91 Cr-93 Cr-382 Cr-479 Cr999 Cr1,511 Cr458 Cr245 Cr
Net cash flow-21 Cr0.53 Cr3 Cr-14 Cr42 Cr56 Cr1,097 Cr1,249 Cr-11 Cr82 Cr
Free cash flow (OCF − Capex)218 Cr0.80 Cr-89 Cr66 Cr412 Cr512 Cr93 Cr-240 Cr-545 Cr-165 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.7%16.8%15.8%11.8%13.0%21.4%19.6%13.7%12.4%11.1%
ROE %16.3%16.5%15.8%11.9%9.3%19.8%17.8%14.1%14.1%8.8%
Debtor days34443436402831303537
Inventory days258252262301332280262231245307
Days payable165240242241325242218199220223
Cash conversion cycle1275554964867756260121
OCF / EBITDA %100.7%96.0%82.8%67.2%115.4%80.4%52.6%89.6%94.3%54.7%
OCF / EBITDA % (3 years)——92.6%82.3%88.4%86.4%77.2%73.7%78.4%77.9%
Debt / equity1.141.191.181.080.880.690.660.810.960.52
Current ratio1.030.910.830.830.891.131.081.031.081.43
Net debt / EBITDA2.48—2.743.152.681.461.552.303.091.98