NSEI:ASAHIINDIA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

6.2%

ASAHIINDIA

1.7%

IN Auto Components

-0.6%

IN Market


1 Year Return

13.4%

ASAHIINDIA

-3.0%

IN Auto Components

0.9%

IN Market

Return vs Industry: ASAHIINDIA exceeded the Indian Auto Components industry which returned -3% over the past year.

Return vs Market: ASAHIINDIA exceeded the Indian Market which returned 0.9% over the past year.


Shareholder returns

ASAHIINDIAIndustryMarket
7 Day6.2%1.7%-0.6%
30 Day14.9%1.6%4.0%
90 Day39.1%9.7%5.7%
1 Year14.0%13.4%-1.9%-3.0%2.6%0.9%
3 Year-39.2%-40.1%-33.6%-35.6%-2.8%-7.4%
5 Year49.9%46.7%9.9%5.2%39.9%29.5%

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?

114.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASAHIINDIA (₹234.45) is trading above our estimate of fair value (₹123.54)

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 (114.2x) compared to the IN Auto Components industry average (32.6x).

PE vs Market: ASAHIINDIA is poor value based on its PE Ratio (114.2x) compared to the Indian market (16.2x).


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 (4.3x) 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?

50.7%

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%).


Next Steps

Past Performance

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

12.7%

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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

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

0.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASAHIINDIA's dividend (0.43%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: ASAHIINDIA's dividend (0.43%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


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).


Next Steps

  • Explore strong dividend paying companies in the Automobiles industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average board tenure


CEO

Sanjay Labroo (58 yo)

30.75yrs

Tenure

₹40,815,384

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 ($USD552.03K) is above average for companies of similar size in the Indian market ($USD399.61K).

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


Board Members

NamePositionTenureCompensationOwnership
Sanjay Labroo
MD, CEO & Executive Director30.75yrs₹40.82m7.34%
₹ 4.2b
Satoshi Ogata
Deputy MD2.67yrs₹23.74mno data
Shailesh Agarwal
CFO & Executive Directorno datano datano data
Gurvirendra Talwar
Independent Director7.83yrs₹592.25kno data
B. Labroo
Chairmanno data₹692.25k5.68%
₹ 3.2b
Rahul Rana
Independent Director14.83yrs₹612.25k0.0063%
₹ 3.6m
Masahiro Takeda
Non-Executive Director5.75yrs₹632.25kno data
Shradha Suri
Independent Director5.5yrs₹732.25k0.000080%
₹ 45.5k
Satoshi Ishizuka
Non-Executive Director3.67yrs₹652.25kno data
Yoji Taguchi
Additional Independent Director1.42yrs₹692.25kno data

5.6yrs

Average Tenure

58yo

Average Age

Experienced Board: ASAHIINDIA's board of directors are considered experienced (5.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹56.834b
  • Shares outstanding: 243.09m
  • Website: https://www.aisglass.com

Location

  • Asahi India Glass Limited
  • Tower-B
  • 5th, 6th & 8th Floors
  • Gurugram
  • 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 Analysis2020/10/27 12:31
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.