āagman

Not investment advice. Data and computed figures, for information only.

Asahi India Glass Ltd

NSE: ASAHIINDIA
₹925.90
−₹4.50 (−0.48%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹24,115 Cr
CMP
₹925.90
52-wk High / Low
₹1,074 / 775
P/E
54.0
P/B
6.1
Book Value
₹154.0
Div Yield
0.21%
ROCE
11.0%
ROE
10.3%
Face Value
₹1
D/E
0.56

Price+2.9% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹216
√(22.5 × EPS × book value per share)
ROIC
7.7%
vs 11.5% sector median
Cash flow to profit
1.46
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+738
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.1%
ROE × earnings retention ratio
ROE stability
3.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.00DII −0.09
Latest quarter vs the previous one
Cash-accrual divergence
−2.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 1.1pp over the last year
Watch-outs
−Latest ROCE of 11% trails the sector median of 18.5%
−Borrowings are up 66.6% since FY2016 (1319 to 2198)
−Promoter holding fell by 2.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0891,1201,0441,1051,1331,1581,1241,1801,2291,1511,2561,3541,413
Expenses8809348809279519459499831,0369631,0051,0671,089
Operating Profit209186163178181213175197192188250287325
OPM %19.2%16.6%15.6%16.1%16.0%18.4%15.6%16.7%15.6%16.3%19.9%21.2%23.0%
Other Income7822574691111−2106
Interest34343433323132335959434247
Depreciation41434648474849496869737581
Profit before tax141117851001071411401247671133180203
Net Profit103866373779510592555899133149
EPS (₹)4.273.572.613.043.213.934.343.802.312.223.905.205.85

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0992,2092,3452,6332,9132,6432,4213,1704,0194,3414,5944,9825,175
Expenses1,7891,8161,9302,1692,4032,2091,9872,4103,2243,6173,8284,0724,125
Operating Profit3093934154645104354357617957247669101,050
OPM %14.7%17.8%17.7%17.6%17.5%16.5%18.0%24.0%19.8%16.7%16.7%18.3%20.3%
Other Income1333123241946313332673725
Interest160144144124135146143121105136128204191
Depreciation1121107995119137132160160177192285298
Profit before tax51142223269280171205511563443513459586
Net Profit4085150176188151131343362325367345439
EPS (₹)1.733.586.157.307.826.325.4714.1815.0113.4915.2713.5217.17

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital242424242424242424242425—
Reserves2573309021,0511,1911,2781,4151,7382,0502,3292,6453,907—
Borrowings1,4191,3191,2211,3731,6431,7621,5661,2381,4011,9682,6962,198—
Other Liabilities5605986828338317997687761,1041,1791,4251,642—
Total Liabilities2,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,7907,772—
Fixed Assets1,1431,1341,5881,9071,9562,0352,2212,3232,3952,6164,0464,534—
CWIP41658511445348926291235826562445—
Investments1619274248556985112855078—
Other Assets1,0601,0541,1291,2181,2321,2841,2221,2781,8391,9722,1322,716—
Total Assets2,2602,2722,8303,2813,6893,8633,7733,7774,5805,5006,7907,772—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1050230418449424293516586402653720502
Cash from Investing Activity−92−69−124−190−448−512−214−84−79−320−924−1,191−665
Cash from Financing Activity4724−100−249−191−93−382−479−52330458245
Net Cash Flow−3547−2113−1451282959−1382

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.012.017.019.017.016.011.011.021.021.015.012.011.0
ROE %————————————10.3
EPS (₹)−1.921.733.586.157.307.826.325.4714.1815.0113.4915.2713.52
Book Value (₹)————————————154.0
Face Value (₹)————————————1
P/E————————————54.0
Div Yield %————————————0.21
NPM %−2.21.93.86.36.66.45.75.310.78.97.47.96.9
OPM %10.015.018.018.018.018.016.018.024.020.017.017.018.0
D/E5.795.053.731.321.281.351.351.090.700.680.841.010.56
P/B————————————6.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+16.0%
3 years+7.0%
TTM+10.0%
Compounded profit growth
10 years+14.0%
5 years+22.0%
3 years−2.0%
TTM+37.0%
Stock price CAGR
10 years+17.0%
5 years+21.0%
3 years+17.0%
Last year+5.0%
Return on equity
10 years15.0%
5 years15.0%
3 years12.0%
Last year10.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.31%54.31%54.27%54.28%54.27%54.27%54.24%54.24%54.22%54.19%51.58%51.58%
FIIs1.25%1.25%1.13%1.10%1.18%1.14%1.47%3.79%3.94%4.15%4.85%4.85%
DIIs1.19%1.19%1.33%1.52%1.44%0.81%1.55%1.73%1.44%1.63%5.35%5.26%
Government0.00%0.00%0.00%0.00%0.00%0.38%0.38%0.00%0.00%0.00%0.00%0.00%
Public43.25%43.25%43.27%43.10%43.11%43.40%42.36%40.24%40.37%40.01%38.23%38.31%
No. of shareholders49,43049,43049,65047,27347,89940,27151,94558,71663,46565,56464,53964,157
Change since Jun 2023 (pp)
Promoters −2.73FIIs +3.60DIIs +4.07Public −4.94

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 2 Per Share—
3 Sep 2025DIVIDENDDividend - Rs 2 Per Share—
28 Aug 2024DIVIDENDAnnual General Meeting / Dividend - Rs 2 Per Share—
11 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
7 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
21 Sep 2021DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
19 Mar 2020DIVIDEND Interim Dividend - Re 1 Per Share—
29 Jul 2019DIVIDEND Annual General Meeting/Dividend Re 1 Per Share—
30 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.50 Per Share—
2 Aug 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
4 Aug 2016DIVIDEND Annual General Meeting/Dividend Re 0.60 Per Share—
26 Jul 2013RIGHTSRights 13:25 @ Premium Rs 29/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman