Asahi India Glass Ltd(AIS) is a leading integrated glass solution provider that offers a wide range of offerings including laminated windshields, tempered glass for sidelights and backlights as well as value-added products like solar control glass, acoustic glass, defogger glass heated, and rain sensor windshields.
On Friday, Asahi India Glass Ltd shares closed at Rs 576.60 per share, up 1.71 percent from the previous close price. The company has a market capitalization of Rs 14,016 crore.
Asahi India Glass Ltd(AIS) is a leading glass solutions company with a 72 percent market share in the passenger car glass market and it is the 2nd largest manufacturer of float glass in India.
AIS provides end-to-end solutions in the entire glass value chain – from the manufacturing of float glass, processing, and fabrication to installation services. AIS offers varied types of glass products and services to its customers in India and across the globe.
One of India’s leading manufacturers of Float Glass, AIS has two state-of-the-art float glass manufacturing plants with a total production capacity of 1200 tons per day.
The company’s revenues have increased by 10 percent year on year from Rs 1,014 crore in Q2FY23 to Rs 1,120 crore in Q2FY24, while net profit has declined by 17 percent in the same period, from Rs 104 crore to Rs 86 crore.
AIS is undertaking capex of over Rs 1,500 crore over fiscals 2022-2025 for capacity expansion (including capex of Rs 250 crore on phases 2 and 3 of the auto glass plant in Gujarat), to be funded through debt and internal accrual.
The company’s revenue is diverse between auto glass (56% revenue contribution) and architectural glass (44%).
Asahi India Glass Ltd was formed as a Joint Venture between the Labroo Family, Asahi Glass Company of Japan, and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).
Asahi India Glass shares have gained 18 percent in the past six months and 10 percent in a year.
AIS provides end-to-end solutions in the entire glass value chain from the manufacturing of float glass, processing, and fabrication to installation services. The company also offers varied types of glass products and services to its customers in India and across the globe.
Written by Omkar Chitnis
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