Should You Consider Asahi India Glass Limited (NSE:ASAHIINDIA)?

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Asahi India Glass Limited (NSE:ASAHIINDIA) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of ASAHIINDIA, it is a financially-sound company with a a strong track record of dividend payments and a excellent growth outlook. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Asahi India Glass here.

Reasonable growth potential with adequate balance sheet and pays a dividend

ASAHIINDIA's has produced operating cash levels of 0.32x total debt over the past year, which implies that ASAHIINDIA's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings. Also, ASAHIINDIA’s earnings amply cover its interest expense. Paying interest on time and in full can help the company get favourable debt terms in the future, leading to lower cost of debt and helps ASAHIINDIA expand.

For those seeking income streams from their portfolio, ASAHIINDIA is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 0.6%.

Next Steps:

For Asahi India Glass, I've compiled three important factors you should look at:

1. Historical Performance: What has ASAHIINDIA's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
2. Valuation: What is ASAHIINDIA worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ASAHIINDIA is currently mispriced by the market.
3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ASAHIINDIA? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.

Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.