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Asahi India Glass Ltd

NSE: ASAHIINDIA BSE: 515030

864.55

(-1.67%)

Thu, 12 Mar 2026, 09:37 am

Asahi India Glass Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (6x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (6.4x coverage).
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Cons

  • Dividend payments have increased, but Asahi India Glass only paid a dividend in the past 4 years.
  • Asahi India Glass has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Asahi India Glass's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Asahi India Glass's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Asahi India Glass's earnings are expected to grow significantly at over 20% yearly.
  • Asahi India Glass's earnings growth is expected to exceed the India market average.
  • Asahi India Glass's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Asahi India Glass's earnings are expected to exceed the low risk growth rate next year.
  • Performance (ROE) is expected to be above the current IN Auto Components industry average.
  • An improvement in Asahi India Glass's performance (ROE) is expected over the next 3 years.
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Cons

  • Cash flow for Asahi India Glass is expected to increase but not above the 50% threshold in 2 years time.
  • Asahi India Glass is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).

health

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Pros

  • Asahi India Glass is profitable, therefore cash runway is not a concern.
  • Asahi India Glass is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (29.6%, greater than 20% of total debt).
  • Asahi India Glass's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (440.9% vs 115.7% today).
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Cons

  • Asahi India Glass's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
  • Asahi India Glass's level of debt (115.7%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Asahi India Glass board of directors is about average.
  • Sanjay's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

  • Sanjay's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Asahi India Glass is covered by less than 3 analysts.
    • Asahi India Glass has significant price volatility in the past 3 months.

    past

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    Pros

    • Asahi India Glass has delivered over 20% year on year earnings growth in the past 5 years.
    • Asahi India Glass used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
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    Cons

    • Asahi India Glass's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • Asahi India Glass's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Asahi India Glass has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Asahi India Glass's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.

    value

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    Pros

    • NSEI:ASAHIINDIA is up 9.4% outperforming the market in India which returned 8% over the past month.
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    Cons

    • Asahi India Glass's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Asahi India Glass's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Asahi India Glass is overvalued based on assets compared to the IN Auto Components industry average.
    • Asahi India Glass is overvalued based on earnings compared to the IN Auto Components industry average.
    • Asahi India Glass is overvalued based on earnings compared to the India market.
    • ASAHIINDIA underperformed the Auto Components industry which returned -22.4% over the past year.
    • ASAHIINDIA underperformed the Market in India which returned -14.5% over the past year.
    • NSEI:ASAHIINDIA is up 9.4% underperforming the Auto Components industry which returned 13.2% over the past month.

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