Asahi Glass Limited is an India-based company in the business of integrated glass and windows solutions. The company manufactures all types of glasses, including auto glass, float glass, consumer glass, etc. The company is a dominant glass products supplier in major automotive and construction companies across the world. The head office of the company is in Gurugram, Haryana, and it has eight regional offices across India. The company was incorporated in 1984, and its market capitalisation, as of 12 October 2022, is Rs 15,478 crore.
The company is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the codes ASAHIINDIA and 515030, respectively.
Since its inception, Asahi India Glass Limited has expanded its operations pan-India and in several international countries. As of 12 October 2022, it has 12 plants, eight regional offices in India, and a presence in Sri Lanka, Africa, and several Middle-East countries. The company has received several awards and recognitions from the Government of India for its contribution to the Indian glass industry. For FY 2022-2022, the company has registered a profit figure of Rs 345 crore.
In June 2022, the shareholding pattern of the company comprised a 54.24% stake of the promoters, a 42.42% stake of retail investors and others, a 1.71% stake was invested in mutual funds, and a 1.63% stake belonged to the Foreign Institutional Investors (FIIs). The mutual funds the company has invested in are L&T Emerging Business Fund Direct Growth and Nippon India Small Cap Fund Direct Growth.
The company’s management team includes Mr B M Labroo (Chairman), Mr Sanjay Labroo (Managing Director and CEO), Mr Rahul Rana (Independent Director), Mr Gopal Ganatra (Company Secretary and Compliance Officer), and Mr Gurvirendra Singh Talwar (Independent Director), among others.
On 12 October 2022, Asahi Glass India Limited’s share price closed at Rs 625.00 at the NSE and Rs 625.40 at the BSE. The 52-week high and the 52-week low prices for this share are Rs 694.00 and Rs 345.25, respectively. Asahi Glass India Limited shares have given a one-year return of 72.62% and a six-month return of 30.95%. As of 12 October 2022, the company’s PE ratio and PB ratio stood at 37.154 and 8.782, respectively.
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