NSEI:ASAHIINDIA

Stock Analysis Report

Executive Summary

Asahi India Glass Limited, an integrated glass solutions company, manufactures and supplies various glass products in India and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with questionable track record.

Share Price & News

How has Asahi India Glass's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.5%

ASAHIINDIA

1.7%

IN Auto Components

1.4%

IN Market


1 Year Return

-34.7%

ASAHIINDIA

-25.0%

IN Auto Components

2.3%

IN Market

Return vs Industry: ASAHIINDIA underperformed the Indian Auto Components industry which returned -25% over the past year.

Return vs Market: ASAHIINDIA underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

ASAHIINDIAIndustryMarket
7 Day6.5%1.7%1.4%
30 Day7.6%-1.1%2.7%
90 Day-3.9%-5.6%-1.4%
1 Year-34.4%-34.7%-24.3%-25.0%4.3%2.3%
3 Year-2.6%-3.9%-12.3%-14.4%20.9%14.9%
5 Year66.8%64.1%25.4%20.7%41.2%28.2%

Price Volatility Vs. Market

How volatile is Asahi India Glass's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asahi India Glass undervalued compared to its fair value and its price relative to the market?

25.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ASAHIINDIA (₹192.5) is trading above our estimate of fair value (₹147.87)

Significantly Undervalued: ASAHIINDIA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASAHIINDIA is poor value based on its PE Ratio (25.5x) compared to the Auto Components industry average (12.5x).

PE vs Market: ASAHIINDIA is poor value based on its PE Ratio (25.5x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate ASAHIINDIA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASAHIINDIA is overvalued based on its PB Ratio (3.9x) compared to the IN Auto Components industry average (1.3x).


Next Steps

Future Growth

How is Asahi India Glass forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.6%

Forecasted Automobiles industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ASAHIINDIA's forecast earnings growth is above the savings rate (7.6%).

Earnings vs Market: Insufficient data to determine if ASAHIINDIA's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ASAHIINDIA's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if ASAHIINDIA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ASAHIINDIA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Asahi India Glass performed over the past 5 years?

35.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ASAHIINDIA has become profitable over the past 5 years, growing earnings by 35.2% per year.

Accelerating Growth: ASAHIINDIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASAHIINDIA had negative earnings growth (-0.09%) over the past year, making it difficult to compare to the Auto Components industry average (-4.6%).


Return on Equity

High ROE: ASAHIINDIA's Return on Equity (15.1%) is considered low.


Return on Assets

ROA vs Industry: ASAHIINDIA has a higher Return on Assets than the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: ASAHIINDIA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Asahi India Glass's financial position?


Financial Position Analysis

Short Term Liabilities: ASAHIINDIA's short term assets (₹11.3B) do not cover its short term liabilities (₹13.6B)

Long Term Liabilities: ASAHIINDIA's short term assets (11.3B) do not cover its long term liabilities (11.3B)


Debt to Equity History and Analysis

Debt Level: ASAHIINDIA's debt to equity ratio (136.5%) is considered high

Reducing Debt: ASAHIINDIA's debt to equity ratio has reduced from 585.6% to 136.5% over the past 5 years.

Debt Coverage: ASAHIINDIA's debt is well covered by operating cash flow (25.8%).

Interest Coverage: ASAHIINDIA's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: ASAHIINDIA has a high level of physical assets or inventory.

Debt Coverage by Assets: ASAHIINDIA's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Asahi India Glass's current dividend yield, its reliability and sustainability?

0.52%

Current Dividend Yield


Dividend Yield vs Market

company0.5%marketbottom25%0.6%markettop25%2.5%industryaverage1.0%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ASAHIINDIA's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: ASAHIINDIA's dividend (0.52%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).

Stable Dividend: ASAHIINDIA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ASAHIINDIA's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.2%), ASAHIINDIA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Asahi India Glass's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average board tenure


CEO

Sanjay Labroo (57yo)

29.8yrs

Tenure

₹40,996,281

Compensation

Mr. Sanjay Labroo has been the Managing Director and Chief Executive Officer of Asahi India Glass Ltd., since 1990. Mr. Labroo is responsible for overall management affairs of Asahi India Glass Ltd. He joi ...


CEO Compensation Analysis

Compensation vs. Market: Sanjay's total compensation ($USD574.07K) is about average for companies of similar size in the Indian market ($USD364.94K).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Board Age and Tenure

4.6yrs

Average Tenure

57yo

Average Age

Experienced Board: ASAHIINDIA's board of directors are considered experienced (4.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Rupinder Shelly (50yo)

    Chief of Research of Development & Innovation and Executive Director of Technical-Architectural SBU

    • Tenure: 0yrs
  • Navin Rai

    Plant Head of Roorkee (Autc & Architectural) - AIS Auto Glass

    • Tenure: 0yrs
  • Gopal Panigrahi

    Plant Head of Taloja - AIS Float Glass

    • Tenure: 0yrs
  • Sanjay Labroo (57yo)

    MD, CEO & Executive Director

    • Tenure: 29.8yrs
    • Compensation: ₹41.00m
  • Satish Kumar

    Head of Production Planning - AIS Float Glass

    • Tenure: 0yrs
  • Vikram Khanna (53yo)

    Chief Information & Mktg Officer and COO of Architectural Institutional Business & Consumer Glass

    • Tenure: 0yrs
  • Shailesh Agarwal (50yo)

    CFO & Executive Director

    • Tenure: 0yrs
  • Gopal Ganatra (39yo)

    Chief of IR

    • Tenure: 0yrs
  • Devarshi Deb (52yo)

    Chief Human Resource Officer

    • Tenure: 7.3yrs
  • Satoshi Ogata (57yo)

    Deputy MD

    • Tenure: 1.7yrs
    • Compensation: ₹21.51m

Board Members

  • Rana Talwar (71yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: ₹803.58k
  • B. Labroo (88yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹883.58k
  • Sanjay Labroo (57yo)

    MD, CEO & Executive Director

    • Tenure: 29.8yrs
    • Compensation: ₹41.00m
  • Rahul Rana (55yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: ₹843.58k
  • Shailesh Agarwal (50yo)

    CFO & Executive Director

    • Tenure: 0yrs
  • Masahiro Takeda (61yo)

    Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: ₹843.58k
  • Shradha Suri (41yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: ₹903.58k
  • Satoshi Ishizuka (61yo)

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: ₹843.58k
  • Satoshi Ogata (57yo)

    Deputy MD

    • Tenure: 1.7yrs
    • Compensation: ₹21.51m
  • Yoji Taguchi (54yo)

    Additional Independent Director

    • Tenure: 0.4yrs

Company Information

Asahi India Glass Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asahi India Glass Limited
  • Ticker: ASAHIINDIA
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹45.616b
  • Shares outstanding: 243.09m
  • Website: https://www.aisglass.com

Location

  • Asahi India Glass Limited
  • Tower-B
  • 5th, 6th & 8th Floors
  • Gurgaon
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
515030BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 1994
ASAHIINDIANSEI (National Stock Exchange of India)YesEquity SharesININRSep 1994

Biography

Asahi India Glass Limited, an integrated glass solutions company, manufactures and supplies various glass products in India and internationally. It operates in two segments, Automotive Glass and Float Glas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:46
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.