Asahi India Glass
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Asahi India Glass is positioned for stable revenue growth, supported by management's focus on expanding float glass capacity, which is expected to enhance market share in the automotive and architectural segments. Recent earnings calls highlighted the company's proactive measures to manage rising costs, indicating a commitment to improving margins despite external pressures. Vista's financial outlook reflects this optimism, projecting a modest revenue increase aligned with historical trends and an anticipated margin expansion as operational efficiencies are realized. The current valuation is deemed fair, with a slight expected upside, reinforcing the attractiveness of the stock. Industry dynamics, particularly the shift towards organized players amid supply chain disruptions, further bolster Asahi's competitive position. Over the next 12-24 months, key opportunities include leveraging new capacity and improving pricing power, while watchpoints include potential cost pressures and geopolitical uncertainties that could impact raw material availability. Overall, Asahi India Glass is well-positioned to navigate the evolving landscape of the building materials sector, with a focus on sustainable growth and profitability
Why We Like This Stock
- Expansion of float glass capacity is expected to enhance market share and revenue growth
- Management's proactive cost management strategies indicate potential for margin improvement
- The building materials industry's shift towards organized players favors Asahi's competitive position
Things To Watch Out For
- Rising costs may continue to pressure margins in the short term
- Geopolitical uncertainties could impact raw material availability and pricing
- Potential fluctuations in demand due to economic conditions may affect revenue stability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 4,341 | 4,594 | 4,990 | 5,357 | 6,044 |
| Profit Before Tax (Cr.) | 445 | 472 | 471 | 730 | 758 |
| PBT Margin | 10.2% | 10.3% | 943.9% | 13.6% | 12.5% |
| Net Profit (Cr.) | 326 | 377 | 354 | 548 | 569 |
| Earnings Per Share | 12.9 | 15.0 | 13.9 | 21.5 | 22.3 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ▲ Buy | 1,050 | 01-Jun-2026 |
Company Overview
Show Company Profile
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.