Asahi India Glass Ltd. News and Updates

Name: Latest research reports of Asahi India Glass Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Asahi India Glass Ltd.
Rating: 1
Author: ICICI Securities Limited

Keep track of all breaking news on Asahi India Glass Ltd. from all sources in a single place.

Asahi India Glass Ltd.

02 Aug 2024

602.05

-0.02%

Asahi India Q1 Review - Profitability Remains Under Pressure; Valuation Remains Elevated: ICICI Securities

NDTV Profit

With support from lower soda ash price and stable fuel costs, the brokerage is building in better margin in auto segment, amid improving mix and scale.

Promoters unpledged 0.53% of shares in last quarter. Total pledge stands at 3.41% of promoter holdings

Asahi India Glass Ltd.

16 May 2024

602.05

-0.02%

Asahi India Q4 Review - Inline Operating Performance; Margin Stabilising At Current Levels: ICICI Securities

NDTV Profit

Asahi India's Ebitda margin, at 17%, improved 50 basis points QoQ, in line with our estimate.

Asahi India Glass Ltd. is trading below all available SMAs

Asahi India Glass Ltd.

16 May 2024

602.05

-0.02%

In-line operating performance; margin stabilising at current levels

Sell: Asahi India Glass Ltd.

Target

ICICI Securities Limited

Asahi India Glass’ (AISG) EBITDA margin, at 17%, improved 50bps QoQ, in line with our estimate. Auto segment EBIT margin improved ~90bps QoQ to 11.4%, but architectural segment EBIT margin decreased ~100bps QoQ at 14.8%.

Promoters unpledged 0.53% of shares in last quarter. Total pledge stands at 3.41% of promoter holdings

Asahi India Glass Ltd.

29 Jan 2024

602.05

-0.02%

Asahi India Glass Q3 Results Review - Profitability Remains Subdued Across Segments: ICICI Securities

NDTV Profit

In FY24E, we believe, elevated capex for its greenfield plant with subdued margins in tow would likely exacerbate free cash flow/RoCE and consequently restrain any major re-rating from current levels

Asahi India Glass Ltd. has lost -20.61% in the last 3 Months

Asahi India Glass Ltd.

04 Nov 2023

602.05

-0.02%

Rising import consumption hurting profitability in architectural segment

Sell: Asahi India Glass Ltd.

Target

ICICI Securities Limited

Asahi India Glass (AISG)’s Q2FY24 EBITDAM, at 17.1%, slid 290bps QoQ on the back of import volumes intensifying in the architectural segment, which in turn impaired pricing power for domestic manufacturers such as AISG. The auto segment saw a one-off cost escalation stemming from a surge in demand – expected to rebound to the levels of ~13-14% next quarter onwards.

Asahi India Glass Ltd. is trading below all available SMAs

Asahi India Glass Ltd.

03 Nov 2023

602.05

-0.02%

Asahi India Consolidated September 2023 Net Sales at Rs 1,119.51 crore, up 10.36% Y-o-Y

Moneycontrol

Asahi India Glass Ltd. has an average target of 502.00 from 1 broker.

Asahi India Glass Ltd.

08 Sep 2023

602.05

-0.02%

Trade Spotlight | How to trade in Asahi India, Mazagon Dock Shipbuilders, KRBL today

Moneycontrol

Asahi India rebounded sharply and recouped all previous four-day losses in one session, rising 8 percent to Rs 595. The stock has formed strong bullish candlestick pattern on the daily charts, with robust volumes and trading above all key moving averages.

Asahi India Glass Ltd. is trading below all available SMAs

Asahi India Glass Ltd.

04 Aug 2023

602.05

-0.02%

Reduce Asahi India Glass; target of Rs 503: ICICI Securities

Moneycontrol

ICICI Securities recommended Reduce rating on Asahi India Glass with a target price of Rs 503 in its research report dated August 01, 2023.

Asahi India Glass Ltd. has an average target of 502.00 from 1 broker.

Asahi India Glass Ltd.

01 Aug 2023, 12:00AM

602.05

-0.02%

Auto margin mean reverts, finally; valuation stretched

Sell: Asahi India Glass Ltd.

Recommendation Target

ICICI Securities Limited

Asahi India Glass’ (AISG) Q1FY24 EBITDAM at 20.1%, was up ~330bps QoQ and higher than I-Sec estimate of 17%. The beat was driven by auto segment EBIT margin improvement of ~730bps QoQ to 13.5% (9-quarter high) vs architectural segment EBIT margin remaining flat QoQ at 21%. Increase in the auto margin was driven by price hikes taken by AISG to pass on input cost inflation, operating leverage and improved mix.