Asahi India Glass Ltd.

NSE: ASAHIINDIA · Automobile and Auto Components

₹1,034.45+1.34%06 Nov 2026

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Instant answers about Asahi India Glass Ltd. — computed from its filings, no language model

Market cap₹26,368 cr

Current price₹1,034.45

High / Low₹1,066 / ₹784

P/E48.1

P/B6.28

Book value₹164.7

ROE13.1%

ROCE14.5%

Debt / equity0.51

Dividend yield0.18%

EPS (TTM)₹21.51

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,683	2,914	2,645	2,434	3,173	4,019	4,357	4,594	4,990
EBITDA	468	512	436	448	764	795	738	766	918
Operating margin	17.4%	17.6%	16.5%	18.4%	24.1%	19.8%	16.9%	16.7%	18.4%
Interest	124	135	146	143	121	105	136	128	204
Depreciation	95	119	137	132	160	160	177	192	285
Profit before tax	265	273	161	195	499	547	434	510	459
Tax	93	92	19	74	168	202	118	-145	114
Net profit	177	190	154	133	345	365	328	371	345
EPS ₹	7.30	7.82	6.32	5.47	14.18	15.01	13.49	15.27	13.82
Operating cash flow	—	—	—	—	614	418	661	723	502
Capex	—	—	—	—	101	325	901	1,268	666
Dividend paid	—	—	—	—	24	-49	-49	49	49
Total assets	3,281	3,689	3,863	3,773	3,777	4,580	5,500	6,790	7,772
Equity	1,076	1,216	1,302	1,440	1,762	2,075	2,353	2,669	3,932

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	742	763	682	726	714	646	685	600	228	639	752	815	604	797	829	944	1,014	1,010	1,072	1,089	1,120	1,044	1,105	1,133	1,158	1,124	1,180	1,229	1,151	1,256	1,354	1,413	1,586
Operating profit	141	122	141	120	123	108	115	89	-31	122	175	182	118	187	216	243	215	188	170	209	186	163	180	181	213	175	197	192	188	251	287	325	346
Operating margin	19.0%	16.0%	20.7%	16.6%	17.3%	16.8%	16.8%	14.9%	-13.6%	19.1%	23.3%	22.3%	19.6%	23.5%	26.0%	25.7%	21.2%	18.7%	15.9%	19.2%	16.6%	15.7%	16.3%	16.0%	18.4%	15.6%	16.7%	15.7%	16.4%	20.0%	21.2%	23.0%	21.8%
Other income	6	2	5	9	2	4	3	1	1	5	3	15	1	4	3	8	5	3	5	2	3	2	2	3	6	14	9	11	11	10	9	6	5
Interest	32	34	35	33	36	38	37	35	37	39	35	33	33	32	28	28	26	27	26	34	34	34	33	32	31	32	33	59	59	43	42	47	45
Depreciation	29	30	30	30	33	34	34	36	30	33	34	35	37	40	43	40	40	39	41	41	43	46	48	47	48	49	49	68	69	73	75	81	80
Profit before tax	82	61	79	66	57	41	44	19	-97	55	109	129	50	119	147	183	155	125	109	136	111	85	102	106	139	141	124	76	71	133	179	203	226
Tax	29	19	27	22	20	15	15	-31	-34	21	39	48	17	42	51	59	54	46	44	38	30	23	27	30	46	36	-33	21	12	33	47	54	59
Net profit	55	44	54	46	40	29	32	53	-63	37	74	85	35	81	100	128	105	84	69	104	87	63	74	78	95	105	92	56	57	100	132	149	167
EPS ₹	2.25	1.81	2.23	1.90	1.64	1.20	1.30	2.16	-2.58	1.53	3.04	3.48	1.45	3.34	4.12	5.27	4.33	3.45	2.84	4.27	3.57	2.61	3.04	3.21	3.93	4.34	3.80	2.31	2.22	3.90	5.20	5.85	6.56
Revenue YoY	—	—	—	-2.2%	—	-15.3%	0.5%	-17.4%	-68.1%	-1.1%	9.9%	35.8%	164.6%	24.7%	10.2%	15.8%	27.4%	21.7%	13.6%	—	10.4%	3.4%	3.0%	4.0%	3.4%	7.7%	6.8%	8.5%	-0.6%	11.7%	14.8%	15.0%	37.7%
Profit YoY	—	—	—	-15.5%	—	-33.6%	-40.6%	13.7%	-257.7%	27.5%	129.7%	61.1%	—	117.6%	35.6%	51.4%	29.6%	-16.3%	-46.2%	—	-17.4%	-24.5%	7.3%	-24.9%	9.9%	66.4%	25.0%	-28.0%	-40.8%	-5.6%	43.4%	165.4%	195.8%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Asahi India Glass Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,218	1,283	1,533	1,656	1,918	2,106	2,058	2,171	2,518
Operating profit	131	237	271	185	172	232	318	405	445
Operating margin	10.7%	18.5%	17.7%	11.2%	8.9%	11.0%	15.4%	18.7%	17.7%
Other income	12	13	2	2	7	5	17	3	11
Interest	124	128	128	147	169	162	159	143	139
Depreciation	113	124	118	127	149	137	107	105	105
Profit before tax	-96	-2	26	-87	-140	-63	64	158	211
Tax	-55	-3	11	-28	-48	-22	13	78	80
Net profit	-41	1	15	-59	-92	-40	50	80	131

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	247	259	263	321	305	276	315	301	320	329	333	327	383	394	429	392	400	413	450	484	429	508	496	497	535	528	546	517	536	485	520	526	550	525	570	568	660	621	670	663	616	632
Operating profit	39	38	42	-13	86	27	31	48	62	63	64	62	68	68	73	68	40	31	46	40	40	41	51	30	51	73	79	65	80	73	100	96	96	102	111	103	121	102	118	111	110	115
Operating margin	15.6%	14.7%	15.8%	-4.2%	28.1%	9.7%	9.9%	16.0%	19.3%	19.2%	19.2%	19.0%	17.7%	17.2%	17.0%	17.3%	10.1%	7.5%	10.2%	8.2%	9.4%	8.0%	10.2%	6.0%	9.5%	13.8%	14.4%	12.6%	14.9%	15.0%	19.3%	18.2%	17.4%	19.5%	19.5%	18.2%	18.4%	16.5%	17.7%	16.8%	17.9%	18.1%
Other income	15	7	-10	3	3	3	3	5	1	2	5	0	0	0	1	0	1	1	1	1	3	2	2	1	1	1	1	1	7	7	2	1	1	1	1	1	2	1	7	2	6	7
Interest	21	22	24	26	29	34	35	33	33	31	31	31	31	31	35	34	37	38	39	42	43	41	43	40	41	40	41	37	36	41	45	37	36	36	34	34	36	34	35	30	31	31
Depreciation	24	27	26	27	27	28	31	32	32	32	29	29	29	30	30	30	31	31	35	36	38	37	38	35	36	35	31	34	20	25	29	26	26	27	26	26	26	28	25	21	20	23
Profit before tax	9	-4	-17	-64	32	-32	-32	-12	-1	3	9	2	8	8	9	5	-27	-37	-28	-37	-38	-36	-29	-44	-26	-1	8	-5	27	14	28	33	34	39	51	44	60	40	66	62	65	68
Tax	3	-1	-7	-23	13	-10	-35	-4	-0	1	1	1	3	3	5	2	-9	-11	-9	-12	-12	-12	-12	-14	-8	-0	1	-2	7	3	5	12	12	14	41	17	24	15	25	21	23	23
Net profit	6	-3	-10	-41	19	-21	3	-8	-1	2	8	2	5	5	3	3	-18	-25	-19	-25	-26	-24	-17	-30	-17	-1	8	-3	20	11	22	22	22	26	10	27	36	26	42	41	42	46
EPS ₹	0.35	-0.20	-0.61	-2.56	1.17	-1.33	0.18	-0.50	-0.05	0.11	0.52	0.10	0.31	0.33	0.21	0.19	-1.13	-1.57	-1.16	-1.56	-1.65	-1.48	-1.05	-1.86	-0.88	-0.02	0.37	-0.14	0.82	0.47	0.92	0.90	0.92	1.05	1.13	1.10	1.50	1.06	1.71	1.71	1.72	1.87
Revenue YoY	—	—	—	—	23.6%	6.9%	19.9%	-6.2%	4.9%	18.9%	5.6%	8.5%	19.6%	20.0%	28.8%	20.0%	4.4%	4.8%	5.0%	23.5%	7.3%	23.0%	10.1%	2.6%	24.7%	3.9%	10.0%	4.1%	0.2%	-8.2%	-4.8%	1.7%	2.6%	8.1%	9.7%	7.9%	20.0%	18.3%	17.4%	16.8%	-6.6%	1.9%
Profit YoY	—	—	—	—	236.8%	—	—	—	-104.7%	—	182.3%	—	—	204.0%	-60.4%	96.8%	-464.3%	-575.2%	-664.1%	-903.2%	—	—	—	—	—	—	—	—	—	—	195.9%	—	12.6%	124.5%	-55.7%	22.6%	62.9%	1.3%	319.2%	54.5%	14.6%	76.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	15.2%	13.9%	12.1%	11.8%	3.9%	4.5%	7.8%	9.2%	16.1%	19.1%	20.9%	19.6%	17.4%	15.5%	14.6%	13.9%	12.8%	12.5%	14.2%	13.9%	13.1%	8.4%	8.2%	8.8%	11.1%	13.1%
ROCE	15.2%	14.6%	13.3%	11.4%	5.7%	6.3%	8.6%	11.4%	16.2%	18.1%	19.2%	20.9%	18.6%	16.2%	15.3%	13.5%	12.7%	11.9%	13.1%	12.3%	12.2%	9.3%	9.4%	11.1%	13.0%	14.5%
Net margin	6.4%	6.1%	5.3%	5.8%	2.4%	2.8%	4.6%	5.5%	8.2%	9.3%	9.9%	10.9%	8.6%	8.0%	7.5%	7.5%	6.9%	7.0%	7.8%	8.1%	7.5%	6.6%	6.3%	6.9%	8.5%	9.8%
EBITDA margin	17.5%	17.8%	16.9%	16.5%	13.1%	13.7%	16.0%	18.4%	21.3%	22.3%	23.1%	24.1%	18.7%	17.6%	16.8%	16.9%	16.2%	16.6%	16.6%	16.7%	16.6%	16.1%	17.2%	18.4%	20.3%	21.5%
Debt / equity	1.17	1.17	1.17	1.07	1.07	1.07	1.07	1.06	1.06	1.06	1.06	0.68	0.65	0.68	0.68	0.80	0.80	0.90	0.90	0.95	0.95	0.73	0.73	0.52	0.52	0.51
Interest coverage	2.89	2.70	2.44	2.10	1.05	1.14	1.59	2.37	3.46	4.07	4.54	5.13	5.63	4.96	4.42	4.20	4.02	4.31	4.80	4.98	4.09	3.24	3.07	3.25	4.06	5.20
Asset turnover	0.78	0.75	0.75	0.68	0.56	0.56	0.57	0.65	0.74	0.79	0.81	0.84	0.91	0.87	0.88	0.79	0.80	0.74	0.75	0.68	0.69	0.59	0.61	0.64	0.67	0.67

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	24	24	24	24	24	24	24	24	24	24	24	24	25	25	25
Other equity / reserves	902	1,051	1,191	1,278	1,415	1,738	1,899	2,050	2,193	2,329	2,452	2,645	3,675	3,907	4,172
Total equity	927	1,076	1,216	1,302	1,440	1,762	1,924	2,075	2,217	2,353	2,476	2,669	3,701	3,932	4,198
Borrowings	1,045	1,269	1,424	1,388	1,529	1,203	1,157	1,353	1,505	1,879	2,238	2,530	2,695	2,059	2,147
Current liabilities	928	1,189	1,355	1,397	1,289	1,081	1,279	1,617	1,661	1,694	1,700	1,866	1,842	1,632	1,835
Non-current liabilities	984	1,026	1,130	1,178	1,061	952	910	910	1,072	1,474	1,868	2,281	2,357	2,207	2,280
Total assets	2,830	3,281	3,689	3,863	3,773	3,777	4,093	4,580	4,927	5,500	6,019	6,790	7,902	7,772	8,314
Property, plant & equipment	1,516	1,898	1,947	1,684	1,881	1,989	1,941	1,945	1,985	2,093	2,033	3,454	3,403	3,970	4,098
Capital work-in-progress	85	114	453	489	262	91	159	235	325	826	1,384	562	848	445	366
Investments	27	42	48	55	69	85	104	112	132	85	87	50	52	78	81
Inventories	584	614	691	722	654	716	867	1,028	982	994	1,007	1,119	1,169	1,227	1,393
Receivables	241	323	270	261	268	246	329	337	421	354	515	442	439	509	616
Cash & equivalents	16	17	22	14	58	88	64	118	174	179	172	165	944	245	294

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	614	418	661	723	502
Cash from investing	-79	-320	-924	-1,191	-665
Cash from financing	-479	999	1,511	458	245
Capex	101	325	901	1,268	666
Free cash flow	512	93	-240	-545	-165
Dividends paid	24	-49	-49	49	49

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹4,098 cr49%

CWIP

₹366 cr4%

Investments

₹81 cr1%

Inventories

₹1,393 cr17%

Receivables

₹616 cr7%

Cash & equivalents

₹294 cr4%

Other assets

₹1,466 cr18%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%
Asahi India Glass Ltd.	26,368	1,034.45	48.1	6.28	13.1%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+6.0%

6 months+22.4%

1 year+9.5%

3Y CAGR+23.1%

5Y CAGR+18.1%

10Y CAGR+18.4%

50-day avg₹949.45

200-day avg₹902.59

RSI (14)72

Compare Asahi India Glass Ltd. with

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FAQs

What is the share price of Asahi India Glass Ltd.?

Asahi India Glass Ltd. (ASAHIINDIA) closed at ₹1,034.45 on NSE on 06 Nov 2026.

What is the market cap of Asahi India Glass Ltd.?

₹26,368 crore at the latest close.

What is the P/E ratio of Asahi India Glass Ltd.?

48.1, on trailing-twelve-month earnings from its filings.

How fast is Asahi India Glass Ltd. growing?

Asahi India Glass Ltd.: revenue has compounded at 7.5% a year over three years; net profit at -1.9% a year. Latest-quarter revenue is up 37.7% year on year, profit up 195.8%.

How profitable is Asahi India Glass Ltd.?

On a trailing-twelve-month basis return on equity is 13.1%, return on capital employed 14.5%, operating margin 21.5%, net margin 9.8%.

How much debt does Asahi India Glass Ltd. have?

Asahi India Glass Ltd. is moderately geared: debt to equity is 0.51 with borrowings of ₹2,147 cr against cash of ₹294 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.2 times.

Financials parsed from Asahi India Glass Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.