NSE: ASAHIINDIA | BSE: 515030

Expensive Performer

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614.05 -7.35 (-1.18%)

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NSE 04 Apr, 2025 3:31 PM (IST)

14,926.9

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0.9

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Asahi India Glass Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ASAHIINDIA, BSE:515030 Asahi India Glass Ltd.

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Asahi India Glass Ltd.

16 May 2024

614.05

-1.18%

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%.

Asahi India Glass Ltd. is trading at high day volume of 302.5K.

Asahi India Glass Ltd.

04 Nov 2023, 12:00AM

614.05

-1.18%

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. has an average target of 502.00 from 1 broker.

Asahi India Glass Ltd.

01 Aug 2023

614.05

-1.18%

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.

Asahi India Glass Ltd. is trading at high day volume of 302.5K.

Asahi India Glass Ltd.

15 May 2023

614.05

-1.18%

Fast and furious mean reversion in profitability

Hold: Asahi India Glass Ltd.

Target

ICICI Securities Limited

Asahi India Glass’ (AISG) Q4FY23 EBITDA margin came in at 16.8% (down 280bps QoQ) as gross margin (GM) contracted by ~500bps QoQ (GM at 60% vs 5-year mean of 67.5%). Auto segment EBITM remained subdued at ~6% (sub-10% for the third quarter in a row) vs non-auto segment EBITM coming back to ~22% (roughly 5-year mean) from a high of ~35% a year back.

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

Asahi India Glass Ltd.

27 Jan 2023

614.05

-1.18%

Profitability back to long-term mean levels

Accumulate: Asahi India Glass Ltd.

Target

ICICI Securities Limited

Asahi India Glass’ (AISG) Q3FY23 EBITDA margin came in at 19.6% (down ~250bps QoQ). The decline was due to 180bps contraction in gross margin (GM), post falling ~400bps QoQ in Q2FY23.

Asahi India Glass Ltd. is trading below all available SMAs

Asahi India Glass Ltd.

01 Nov 2022

614.05

-1.18%

Profitability finally witnessing mean reversion

Hold: Asahi India Glass Ltd.

Recommendation Target

ICICI Securities Limited

Asahi India Glass’ (AISG) Q2FY23 EBITDA margin came in at 22.1% (down 260bps QoQ).

Asahi India Glass Ltd. is trading below all available SMAs

Asahi India Glass Ltd.

14 Mar 2022

614.05

-1.18%

Energy cost inflation to drive margin reversion

Buy: Asahi India Glass Ltd.

ICICI Securities Limited

We believe, it would be tough for Asahi India Glass (AIG) to sustain its present elevated profitability levels amidst steep rise in energy costs. Past 5-year average energy cost/sales has been ~13.5%, which increased to ~17% in Q3FY22. We expect it to surge a further ~400bps by Q1FY23E, assuming present natural gas and crude oil prices. Also, logistics cost to sales is ~5-6%, and ~20% increase in fuel costs would add a further 100bps pressure on margins.

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

Asahi India Glass Ltd.

05 Nov 2020, 12:00AM

614.05

-1.18%

Asahi India

Buy: Asahi India Glass Ltd.

Dolat Capital

Asahi India Glass (AIS) printed an impressive earning performance in 2Q. EBITDA grew 13% YoY to Rs.1.2bn with expanded margin at 19.1% (+235bps YoY) led by lower fuel cost and cost control measures. EBIT margin for Automotive glass expanded by 175bps YoY to 14.4% and for Architecture glass by 314bps YoY to 17.3%. We expect the company to be a key beneficiary of revival in the volume of Automotive and Architectural glass segments. Moreover, strong traction in aftermarket business will also aid profitability. In the...

Asahi India Glass Ltd. is trading at high day volume of 302.5K.

Asahi India Glass Ltd.

01 Jan 2018

614.05

-1.18%

ASAHI INDIA GLASS LT..

Buy: Asahi India Glass Ltd.

Rudra Shares and Stock Brokers Ltd

The company has strong symbiotic relationships with most of the global and local OEMs in India. There is inherent mutual trust in these relationships which is backed by decades of strong and reliable performance for long-term mutual benefit. Company is a preferred choice of major automotive companies including Maruti Suzuki, Hyundai Motors, Mahindra & Mahindra, Tata...

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

No results found

Is Asahi India Glass Ltd. worth buying?

100 Votes:

Buy 78.0%

Sell 10.0%

Hold 12.0%

RESEARCH REPORTS

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