Asahi India Glass Limited, an integrated glass solutions company, manufactures and supplies various glass products in India and internationally. More Details
Unattractive dividend payer with imperfect balance sheet.
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
Stable Share Price: ASAHIINDIA's share price has been volatile over the past 3 months.
7 Day Return
IN Auto Components
1 Year Return
IN Auto Components
Return vs Industry: ASAHIINDIA exceeded the Indian Auto Components industry which returned -3.8% over the past year.
Return vs Market: ASAHIINDIA exceeded the Indian Market which returned 2% over the past year.
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
1 week ago | Simply Wall StAsahi India Glass (NSE:ASAHIINDIA) Shareholders Have Enjoyed A 43% Share Price Gain
3 weeks ago | Simply Wall StHere's What To Make Of Asahi India Glass' (NSE:ASAHIINDIA) Returns On Capital
1 month ago | Simply Wall StHow Should Investors React To Asahi India Glass' (NSE:ASAHIINDIA) CEO Pay?
Is Asahi India Glass undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASAHIINDIA (₹220.85) is trading above our estimate of fair value (₹121.48)
Significantly Below Fair Value: 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 (108.4x) compared to the IN Auto Components industry average (32.7x).
PE vs Market: ASAHIINDIA is poor value based on its PE Ratio (108.4x) compared to the Indian market (16.3x).
Price to Earnings Growth Ratio
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 (4.1x) compared to the IN Auto Components industry average (1.3x).
How is Asahi India Glass forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 (7.2%).
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
Future ROE: ASAHIINDIA's Return on Equity is forecast to be low in 3 years time (14.1%).
How has Asahi India Glass performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASAHIINDIA has a large one-off loss of ₹35.1M impacting its June 30 2020 financial results.
Growing Profit Margin: ASAHIINDIA's current net profit margins (2.2%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: ASAHIINDIA's earnings have grown by 12.7% per year over the past 5 years.
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 (-73.5%) over the past year, making it difficult to compare to the Auto Components industry average (-56.9%).
Return on Equity
High ROE: ASAHIINDIA's Return on Equity (3.7%) is considered low.
How is Asahi India Glass's financial position?
Financial Position Analysis
Short Term Liabilities: ASAHIINDIA's short term assets (₹11.6B) do not cover its short term liabilities (₹14.0B).
Long Term Liabilities: ASAHIINDIA's short term assets (₹11.6B) do not cover its long term liabilities (₹11.8B).
Debt to Equity History and Analysis
Debt Level: ASAHIINDIA's debt to equity ratio (104.5%) is considered high.
Reducing Debt: ASAHIINDIA's debt to equity ratio has reduced from 512.3% to 104.5% over the past 5 years.
Debt Coverage: ASAHIINDIA's debt is well covered by operating cash flow (21.8%).
Interest Coverage: ASAHIINDIA's interest payments on its debt are not well covered by EBIT (1.1x coverage).
What is Asahi India Glass's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASAHIINDIA's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.57%).
High Dividend: ASAHIINDIA's dividend (0.45%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).
Stability and Growth of Payments
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 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.1%), ASAHIINDIA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASAHIINDIA's dividends in 3 years are forecast to be well covered by earnings (18% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sanjay Labroo (58 yo)
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 ($USD555.40K) is above average for companies of similar size in the Indian market ($USD390.03K).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
|MD, CEO & Executive Director||30.75yrs||₹40.82m||7.34% |
|Deputy MD||2.67yrs||₹23.74m||no data|
|CFO & Executive Director||no data||no data||no data|
|Independent Director||7.83yrs||₹592.25k||no data|
|Chairman||no data||₹692.25k||5.68% |
|Independent Director||14.83yrs||₹612.25k||0.0063% |
|Non-Executive Director||5.75yrs||₹632.25k||no data|
|Independent Director||5.5yrs||₹732.25k||0.000080% |
|Non-Executive Director||3.67yrs||₹652.25k||no data|
|Additional Independent Director||1.42yrs||₹692.25k||no data|
Experienced Board: ASAHIINDIA's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Asahi India Glass Limited's company bio, employee growth, exchange listings and data sources
- Name: Asahi India Glass Limited
- Ticker: ASAHIINDIA
- Exchange: NSEI
- Founded: 1984
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹53.589b
- Shares outstanding: 243.09m
- Website: https://www.aisglass.com
- Asahi India Glass Limited
- 5th, 6th & 8th Floors
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|515030||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Sep 1994|
|ASAHIINDIA||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Sep 1994|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 12:35|
|End of Day Share Price||2020/10/20 00:00|
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.