Glass Stocks and Companies in India

The largest Glass stocks in India by market value are Asahi India Glass (₹26,372 crore), Borosil Renewables (₹5,932 crore) and Sejal Glass (₹1,002 crore), at prices of 6 Nov 2026.

• Asahi India Glass: ₹1,034.45 | market value ₹26,372 crore | P/E 47.3
• Borosil Renewables: ₹403.20 | market value ₹5,932 crore | P/E 14.4
• Sejal Glass: ₹879.60 | market value ₹1,002 crore | P/E 26.5
• Saint-Gobain Sekurit India: ₹107.59 | market value ₹980 crore | P/E 22.1
• Borosil Scientific: ₹111.29 | market value ₹990 crore | P/E 21.1
• Empire Industries: ₹1,007.75 | market value ₹604 crore | P/E 10.7

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 6 listed Indian Glass & Glass Products companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Glass & Glass Products index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Asahi India Glass Ltd₹26,000 cr
2. Borosil Renewables Ltd₹6,090 cr
3. Sejal Glass Ltd₹1,010 cr
4. Saint-Gobain Sekurit India Ltd₹927 cr
5. Borosil Scientific Ltd₹905 cr
6. Empire Industries Ltd₹562 cr

6 Glass companies in the Glass & Glass Products industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is Asahi India Glass (₹26,024 crore) and the smallest with a market value is Empire Industries.

Download all 6 Glass companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 9% ahead of NIFTY 500. Earnings across its companies grew 38% on average over the last four reported quarters.

1 of 6 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 1 week running; 2 of the 6 companies in the industry index above their 200-day average (no change from four weeks earlier); 1 of those 6 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 6 of the 6 that report earnings.

Participation is shrinking, 2 → 1 of 6 over four weeks, after being ahead of NIFTY 500. Price-only fade, 6 of 6 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Glass & Glass Products has done better than the NIFTY 500 by 7.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8%. Sejal Glass Ltd is the strongest against the sector itself at +5.7%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 18.8 as of 30 October 2026 (narrowing, rising).

Glass & Glass Products has done better than the NIFTY 500 by 7.2% over 52 weeks, but is 8% behind over the last 13 weeks. 1 of 6 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 1 of the 2 with a long enough price history is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Sejal Glass Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 90% evidence confidence.

Saint-Gobain Sekurit India Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Asahi India Glass Ltd has the strongest one-year price move in Glass & Glass Products at −1.9%. Sejal Glass Ltd leads on relative strength against the NIFTY, at +11.4%. 3 of 6 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Glass & Glass Products itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

The full curve shows repeated cycles, not a newly discovered industry. Price rose in 2017, fell into March 2020, then made a 5.26-fold advance into September 2022; the later run into 2025 retained much of that gain. In the week of 5 October 2026, 50% of 6 Glass & Glass Products companies were beating the Nifty 500, against 83.3% on 25 May 2026.

From our industry review of 10 October 2026.

Higher sales are spreading fixed factory costs over more output at Asahi India and Borosil Renewables; Sejal expects that benefit later. Lasting gains from better products remain unproven, while part of Borosil's price benefit is already being withdrawn. The available calls cover only 21% of the industry's market value.

From our industry review of 10 October 2026.

2 of 6 Glass & Glass Products companies held a results call for July to September 2026. Borosil Renewables guided: FY27 and FY28 operating margin 31-32% after Q2 dip on current parameters.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 0.8 points over the last two quarters. Founders and promoters cut theirs by 0.3 points.

• Spending on new plants and equipment was ₹1,696 crore in the last 12 months, 13% more than a year before.
• Projects still being built shrank 18% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 8 Glass & Glass Products companies, in percentage points.

Ownership and spending as of 10 October 2026.

The next things that show whether the Glass & Glass Products story is on course. First: Borosil's furnace commissioning during January–March 2027 and revenue contribution conservatively from April 2027.

• Sejal's next revenue result against its ₹140 to 145 crore forecast, followed by its promised later-year margin improvement.
• Sejal's UAE line and fire-rated technology reaching commercial production in the guided quarter.
• Price moving above the current range while twelve-month performance against NIFTY turns positive.

What would change the story

A reported sector profit decline from a year earlier, accompanied by falling operating margins as temporary pricing benefits disappear, would break the recovery call.

From our industry review of 10 October 2026.

Asahi India Glass Ltd has the highest Revenue among the 6 Glass & Glass Products companies compared here, at ₹5,609 crore. Borosil Renewables Ltd is next at ₹1,633 crore. Sejal Glass Ltd has the highest Revenue growth at 51.8%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Asahi India Glass Ltd is the largest at ₹5,609 crore, 243.5% ahead of Borosil Renewables Ltd. Sejal Glass Ltd's growth is 51.8% from a ₹472 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Asahi India Glass Ltd is the size to compare against; Sejal Glass Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Asahi India Glass Ltd's growth falls below Sejal Glass Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Borosil Renewables Ltd has the highest OPM among the 6 Glass & Glass Products companies compared here, at 26%. Asahi India Glass Ltd is next at 22%. Asahi India Glass Ltd has the highest Margin change at +6 percentage points, so level and change sit with different companies. Its OPM series carries 18 reported observations across the 20-quarter window.

What the numbers say: Borosil Renewables Ltd leads opm at 26%; Asahi India Glass Ltd leads margin change at +6 percentage points.

What this means: Borosil Renewables Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Asahi India Glass Ltd has the highest Net profit among the 6 Glass & Glass Products companies compared here, at ₹548 crore. Borosil Renewables Ltd is next at ₹425 crore. Borosil Renewables Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Asahi India Glass Ltd earns the most, ₹548 crore of profit over the last 12 months, 28.9% above Borosil Renewables Ltd. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Asahi India Glass Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Borosil Renewables Ltd has the highest ROCE among the 6 Glass & Glass Products companies compared here, at 25.3%. Saint-Gobain Sekurit India Ltd is next at 24%. The same company also has the highest ROCE change, at +29 percentage points. 6 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Borosil Renewables Ltd leads ROCE at 25.3%, 1.3 percentage points above Saint-Gobain Sekurit India Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Borosil Renewables Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Borosil Renewables Ltd (BORORENEW): its two data sources disagree by up to 57% on reported income across 16 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Borosil Scientific Ltd has the lowest PEG among the 6 Glass & Glass Products companies compared here, at 0.56×. Saint-Gobain Sekurit India Ltd is next at 0.66×. Empire Industries Ltd has the lowest P/E at 9.99×, so level and change sit with different companies. 4 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Borosil Scientific Ltd has the lowest comparable PEG at 0.56×, 15.2% below Saint-Gobain Sekurit India Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Glass & Glass Products companies show up on 5 of our India lists. The most are on the momentum stocks list (1 company).

This Glass & Glass Products comparison names 5 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

This comparison is built from the reported filings of 6 Glass & Glass Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Borosil Renewables Ltd (BORORENEW): its two data sources disagree by up to 57% on reported income across 16 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Glass & Glass Products comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.