The share prices of this glass manufacturing company gained 4% in the market today. The company owns 72% market share in the passenger car market segment.
Shares of Asahi India Glass Limited opened at Rs. 571 levels and reached its intra- day high of Rs. 584.7 on Monday. The stock returned 15.95% in the last six months and 168.8% in the last three years.
On 27th August 2023, Asahi Limited published its annual report for the year ended 31st March 2023. According to which, the company has seen a positive growth in its financial performance. The directors have recommended a 200% dividend per share. For which the face value is Rs. 1 per share. A total of Rs. 4,862 lakhs dividend will be paid on or after 24th September 2023.
The company has a market capitalization of Rs. 12,314 crore. For Q1FY24, the total revenue for the company stands at Rs. 1,072.37 crore with an increase of 1.52% from Rs. 1088.62 crore in the last quarter. Its net profit stands at Rs. 103.82 crore, an increase of 50.64% from Rs. 68.92 crore in the previous quarter.
Asahi India Glass Limited is a manufacturer of a wide range of glass products for the automotive and passenger vehicles segment. The company is a major player in its segment with 72% market share this year. It was incorporated in 1984 and known as Indian Auto Safety Glass Private Limited.
Written By Bhumika Khandelwal
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