# Asahi India Glass share price today (Asahi India Glass Ltd, NSE: ASAHIINDIA)

> Asahi India Glass share price today: ₹991.45 at the NSE close on 3 November 2026, up 7.4% in a year. Asahi India Glass (NSE: ASAHIINDIA) is worth ₹25,274 crore, trades at a P/E of 56.6 and has closed between ₹810.45 and ₹1,027.10 over the past 52 weeks. > Asahi India Glass Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ASAHIINDIA · Glass & Glass Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/asahi-india-glass-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹991.45 (+7.4% in a year)
- P/E: 56.6× (higher than 76% of the last 11 years)
- Revenue (Jun 2026): ₹1,413 Cr (+15.0% on a year ago)
- Profit (Jun 2026): ₹149 Cr (+170.9% on a year ago)
- Operating margin: 23.0% (+7.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 9.6%, against a 12.0% cost of capital: −2.4 points

The main question: promoters moved −2.6 percentage points over 8 quarters while the business went the other way. ## What is the Asahi India Glass share price today? Asahi India Glass Ltd's share price was ₹991.45 at the close on 3 November 2026. It has been rising for 13 weeks. That is 9.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹810 and ₹1,027, and at that close it sat 84% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +571% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Asahi India Glass this quarter? 1. Best operating margin in 15 quarters Operating margin was 23% in the June 2026 quarter, against 16% a year earlier. 3. Highest quarterly profit in 15 quarters Profit of ₹149 crore in the June 2026 quarter is the highest of the last 15 quarters. ## What are Asahi India Glass' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Asahi India Glass reported revenue of ₹1,413 crore, up 15.0% from ₹1,229 crore a year earlier, and a profit of ₹149 crore, up 170.9% from ₹55.0 crore. ### Asahi India Glass results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,413 crore | ₹1,229 crore | +15.0% |
| Profit | ₹149 crore | ₹55.0 crore | +170.9% |
| Earnings per share | ₹5.85 | ₹2.31 | +153.2% |
| Operating margin | 23.0% | 16.0% | +7.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Asahi India Glass share price history? Asahi India Glass closed at ₹991.45 on 3 November 2026, up 7.4% from ₹922.90 a year earlier (31 October 2025) and up 123.0% over five years. Its highest weekly close since March 2016 was ₹1,027.10 on 5 December 2025. ### Asahi India Glass share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹894.30 | +10.9% |
| 1 month ago · 1 Oct 2026 | ₹944.25 | +5.0% |
| 6 months ago · 30 Apr 2026 | ₹836.25 | +18.6% |
| 1 year ago · 31 Oct 2025 | ₹922.90 | +7.4% |
| 3 years ago · 3 Nov 2023 | ₹552.10 | +79.6% |
| 5 years ago · 4 Nov 2021 | ₹444.60 | +123.0% |
| 10 years ago · 4 Nov 2016 | ₹192.15 | +416.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹147.65 | +571.5% |
| Highest weekly close since March 2016, also the 52-week high · 5 Dec 2025 | ₹1,027.10 | −3.5% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹137.95 | +618.7% |
| 52-week low (weekly close) · 20 Mar 2026 | ₹810.45 | +22.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Asahi India Glass? 3 Nov 2026: Asahi India Glass closed at ₹991.45, up 10.9% on the week and up 5.0% on the month. 11 Sep 2026: ex-date for a dividend of ₹2 a share. ### Earlier

- Results for April to June 2026: Revenue up 15.0% and profit up 170.9% on a year earlier. ## What dividend does Asahi India Glass pay? Asahi India Glass paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.20% at the ₹991.45 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 11 September 2026. ### Asahi India Glass dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 11 Sep 2026 | ₹2 | Dividend |
| 3 Sep 2025 | ₹2 | Dividend |
| 28 Aug 2024 | ₹2 | Dividend |
| 11 Sep 2023 | ₹2 | Dividend |
| 7 Sep 2022 | ₹2 | Dividend |
| 21 Sep 2021 | ₹1 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Asahi India Glass Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Asahi India Glass management say on the latest results call? Asahi India Glass' management made 0 promises we could check against what it later reported. (Our read after the April to June 2026 results, written 10 October 2026.)

## What is the future of Asahi India Glass? What is changing in the business? The changes showing up in Asahi India Glass' own numbers are costs spread over more sales. It is too early to say whether they last. Costs spread over more sales too early to call

The relevant mechanism is the ramp-up and operating efficiency of installed glass capacity, including making raw glass internally instead of importing it. The October rationale describes the plant serving internal automotive demand. Reported operating profit subsequently rose from ₹188 crore in September to ₹250 crore in December, ₹287 crore in March and ₹325 crore in June, while operating margin increased from 16.34% to 22.96%. Plant-specific utilisation and the amount of recurring savings are not disclosed in the extracts. Why it may last: Internal production can provide benefits for several years, but the extracts do not separate recurring savings from glass-price and input-cost effects. Sustained margins alongside lower inventory days would establish whether the current benefit can persist through the next four to eight quarters. What could be flattering it: The recovery could reflect favourable glass prices, lower inputs or inventory accumulation rather than recurring productivity and capacity benefits. Next check: Operating margin remains above 21% while revenue exceeds the September 2025 level of ₹1,151 crore, with disclosure that inventory accumulation is easing. Quarter by quarter, 4 quarters

July to September 2025

The plant's internal-supply mechanism was described, but this quarter failed the operating test: revenue declined from ₹1,158 crore a year earlier to ₹1,151 crore, operating profit declined from ₹213 crore to ₹188 crore, and operating margin fell from 18.36% to 16.34%. Higher gross margin had not yet translated into higher operating margin. ✓ fact

From our notes of the call for July to September 2025: The plant will cater to in-house demand for auto. October to December 2025

Revenue increased 11.7% from ₹1,124 crore to ₹1,256 crore, while operating profit increased 42.9% from ₹175 crore to ₹250 crore. Operating margin rose from 15.56% to 19.95%. Other income fell from ₹46 crore to minus ₹2 crore, so it did not create the operating recovery. The company filing also names a one-time restructuring expense. ✓ fact

January to March 2026

Revenue increased 14.7% from ₹1,180 crore to ₹1,354 crore and operating profit increased 45.7% from ₹197 crore to ₹287 crore. Operating margin rose from 16.68% to 21.18%, even as depreciation increased from ₹49 crore to ₹75 crore. The capital base was earning more operating profit, although annual cash and inventory trends weakened. ✓ fact

April to June 2026

Revenue increased 15.0% from ₹1,229 crore to ₹1,413 crore and operating profit increased 69.3% from ₹192 crore to ₹325 crore. Operating margin rose from 15.65% to 22.96%. Depreciation increased from ₹68 crore to ₹81 crore, but operating profit grew enough to absorb that increase. The latest filing provides results rather than a detailed management explanation of utilisation or savings. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026.)

## What could change the Asahi India Glass story? What are the risks? The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. ### Each change stops working if

- Facility contribution and operating-profit recovery: Operating profit rolls over despite revenue growth, or management reports that the facility's contribution has stalled. - Debt reduction and lower financing burden: Borrowings and interest expense rise again as new spending absorbs the equity-funded reduction. ### The main risks

- Inventory and customer-term uncertainty: Inventory expansion is the largest recent working-capital warning. ⚠ estimate
- : Profit-to-cash conversion does not yet establish self-funded expansion. ⚠ estimate
- Reported earnings and per-share comparability: Base-period other income and equity issuance complicate headline earnings comparisons. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026.)

## What to watch in Asahi India Glass' next results? When Asahi India Glass reports July to September 2026, these are the check that show whether the story is still on course. First: Operating margin remains above 21% while revenue exceeds the September 2025 level of ₹1,151 crore, with disclosure that inventory accumulation is easing. | What to check | Why |
| --- | --- |
| Operating margin remains above 21% while revenue exceeds the September 2025 level of ₹1,151 crore, with disclosure that inventory accumulation is easing. | Costs spread over more sales |

## Which stock lists is Asahi India Glass on? Asahi India Glass is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 23982.653737775567](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 325](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Asahi India Glass profitable? Asahi India Glass Ltd earned ₹149 Cr of net profit in the Jun 2026 quarter, +170.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹345 Cr. Over 10 years profit has grown 15.0% a year on average. That is 10.5% of the quarter's revenue. The same quarter a year earlier earned ₹55.0 Cr. For the full year, FY26 profit was ₹345 Cr (−6.0% on the year before). Why profit moved: revenue changed +15.0% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +42.7% and revenue +10.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Asahi India Glass make, and is it growing? Asahi India Glass Ltd reported ₹1,413 Cr of revenue in the Jun 2026 quarter, +15.0% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 8.5% a year on average. The last full year, FY26, came in at ₹4,982 Cr. The last four reported quarters add to ₹5,174 Cr. FY26 revenue was ₹4,982 Cr, +8.4% on the year before. Recent pace: the last four quarters grew +10.2% on average, against 8.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.3%, against +8.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +26.5%, against +21.2% a year (accelerating). ## How much of every ₹100 of sales does Asahi India Glass keep? Asahi India Glass Ltd's operating margin was 23.0% in the Jun 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 10.0% and 24.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +7.3 percentage points on the year while gross margin changed +9.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Asahi India Glass' profit turning into cash? Over the last 3 years, 181% of Asahi India Glass Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹502 Cr of operating cash against ₹345 Cr of profit. After ₹656 Cr of spending on assets, free cash was −₹154 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 181% of profit came in as cash: the cash cycle got 73 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 4.6× depreciation over three years. The next section checks what that spending is building. ## Where does Asahi India Glass' cash go? Asahi India Glass Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 120 days in FY26, up from 47 days in FY21. It spent ₹3,003 Cr on assets over the last 3 years. Customers take 37 days to pay, and stock sits for 302 days on average. At FY26 sales of ₹4,982 Cr, each day of that cycle ties up about ₹13.6 Cr, so roughly ₹1,638 Cr is tied up in the business at any time. FY26: customers took 37 days to pay and stock sat for 302 days, about 9.9 months of sales sitting as stock, for a full cycle of 120 days, longer than FY21's 47. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 302 days. Customers pay about 37 days after that. Suppliers are paid at 219 days. Together that makes the 120-day cycle. Spending on assets: ₹3,003 Cr over the last 3 years, against ₹654 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹445 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Asahi India Glass' P/E ratio, and how does it compare with its own history? Asahi India Glass Ltd's P/E is 56.6×, near the high end of its own history: higher than 76% of past readings. Its usual P/E (the middle reading) is 43.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹17.17. Why the multiple is where it is: over the past year earnings per share moved −11.5% while the price moved +7.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +17.4% a year; about +9.1% a year came from earnings growth and about +8.3 percentage points from the multiple (the market paying more); over 10 years the price moved +17.8% a year; about +14.1% a year came from earnings growth and about +3.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Asahi India Glass share price assume? Worked out from its price on 11 October 2026, Asahi India Glass Ltd's share price assumed profit growth of about 29.6% a year. Over the past 10 years its profit actually grew 15.0% a year. Today its P/E is 56.6×, higher than 76% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Asahi India Glass business getting better or worse? Asahi India Glass Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 14.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Asahi India Glass story, and has it been checked? Asahi India Glass Ltd's story is not scored yet against the checks our research set on 10 October 2026. Still open: The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. Our read, 10 October 2026. From the numbers. The operating engine describes an early expansion, but the normalization engine warns that the…

From the price. Price stage 2, week 13, below its 200-day line, relative strength falling. From the research. Where they disagree. The operating engine describes an early expansion, but the normalization engine warns that the latest margin is elevated. What is proven. What is not proven yet. The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. What would change our mind. The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. The test written in advance. The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Inventory and customer-term uncertainty. Measured by: Inventory and customer-term uncertainty Inventory days remain above the latest annual level while operating cash flow loses coverage of profit. by the next result. What the company does. Operating profit has improved alongside revenue, and lower interest expense helps the latest earnings comparison. The facility's reported contribution supports the recovery mechanism, but its separate profit contribution remains undisclosed. Bronze evidence depth limits confidence. What the surface reading misses. The surface reading is: The latest profit print suggests rapid acceleration. The research reads it further: Operating profit increased alongside revenue and lower interest, while depreciation increased. The low comparison-quarter profit magnifies the headline growth. What the surface reading misses. The surface reading is: Profit recovered against the comparable quarter. The research reads it further: Higher operating profit overcame increased interest and depreciation; the earnings recovery was not caused by financing relief in this comparison. Lever 4 · Paying down debt: building. The financing burden eased after the equity-funded debt-reduction programme. What proves it keeps working: Debt reduction and lower financing burden. It stops working if Borrowings and interest expense rise again as new spending absorbs the equity-funded reduction. Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Asahi India Glass earn on its capital? Asahi India Glass Ltd earned a ROCE of 11% in FY26. That is up from a low of 6% in FY14. Its return on capital used (ROIC) is 2.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.9% net margin and 0.64× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.9% net margin × 0.64× asset turnover × 1.98× leverage (assets divided by equity) ≈ 8.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.6% − 12.0% = −2.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Asahi India Glass have too much debt? Asahi India Glass Ltd has total debt of ₹2,198 Cr against shareholder equity of ₹3,934 Cr as of Jun 2026, so its debt is 0.56× its equity. Year by year, that ratio went from 0.71 in FY22 to 0.56 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. Borrowings declined and the latest interest expense is below the comparable quarter. The delivery supports the debt-reduction plan, but this was partly a transfer from new shareholder capital into lower borrowing exposure. Existing shareholders received less financing risk alongside per-share dilution. Further benefit depends on debt staying lower through the next spending programme. ## What is the Asahi India Glass shareholding pattern? Domestic institutions raised their stake in Asahi India Glass Ltd by 3.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.2% of the company. Promoters moved −2.6 points over the same period, to 51.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.6 points over 8 quarters, to 5.2%; Promoters: −2.6 points over 8 quarters, to 51.6%; Foreign institutions: +0.6 points over 8 quarters, to 4.6%. Why the owners changed: domestic institutions drove it (+3.6 points), with the other side taken by promoters (−2.6 points). They raised their stake step by step. ## How far is Asahi India Glass from balance-sheet trouble? For Asahi India Glass Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Asahi India Glass rank in its industry? 40.7 out of 100, rank 6 of 6 in Glass & Glass Products, with 81% of the evidence available. Asahi India Glass Ltd scores 40.7 out of 100 against the 6 companies it is compared with in Glass & Glass Products, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.9 + 10.3 + 1.9 + 11.6 = 40.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Asahi India Glass compared with? Asahi India Glass ranks 6 of 6 Glass & Glass Products companies on the 4-Factor Sector Score, with 40.7 out of 100. 1. [Sejal Glass Ltd](https://www.sectoralpha.in/stocks/sejal-glass-ltd) SEJALLTD · turning · Most evidence points up · 90% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 51.8% · Profit 94.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.4/25 · ROCE 18.6% · Operating margin 17% · 100% evidence Valuation 12.6/20 · P/E 23.4× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 5.7% · Lead over NIFTY 500 11.4% · 1 year -17.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 22.5 + 16.4 + 12.6 + 20 = 71.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Empire Industries Ltd](https://www.sectoralpha.in/stocks/empire-industries-ltd) EMPIND · quiet · Evidence leans up · 81% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 8.1% · Profit 60% · Operating margin change 2 points · 88% evidence Capital efficiency 12.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.2/20 · P/E 10× · PEG 1.2 · 100% evidence Relative strength 10.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.6% · 1 year -12.1% · 25% evidence · 1 of 5 weeks ahead Exact sum: 20.9 + 12.9 + 17.2 + 10.4 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Borosil Scientific Ltd](https://www.sectoralpha.in/stocks/borosil-scientific-ltd) BOROSCI · quiet · Evidence leans up · 78% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 12.1% · Profit 100% · Operating margin change 1.8 points · 100% evidence Capital efficiency 9.8/25 · ROCE 12.1% · Operating margin 9.3% · 100% evidence Valuation 15.3/20 · P/E 19.3× · PEG 0.56 · 65% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.3% · 1 year -25.4% · 25% evidence · 1 of 12 weeks ahead Exact sum: 26.6 + 9.8 + 15.3 + 8.2 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Saint-Gobain Sekurit India Ltd](https://www.sectoralpha.in/stocks/saint-gobain-sekurit-india-ltd) SEKURITIND · quiet · Evidence leans up · 81% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 16.7% · Profit 13.7% · Operating margin change -4.9 points · 88% evidence Capital efficiency 16.7/25 · ROCE 24% · Operating margin 16.3% · 100% evidence Valuation 17.9/20 · P/E 20.9× · PEG 0.66 · 100% evidence Relative strength 9.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -12.1% · 25% evidence · 0 of 5 weeks ahead Exact sum: 13.9 + 16.7 + 17.9 + 9.2 = 57.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [Borosil Renewables Ltd](https://www.sectoralpha.in/stocks/borosil-renewables-ltd) BORORENEW · quiet · Evidence leans down · 75% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 11.8% · Profit 100% · Operating margin change -5 points · 95% evidence Capital efficiency 18.2/25 · ROCE 25.3% · Operating margin 26% · 76% evidence Valuation 10.9/20 · P/E 13.8× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -25.3% · Lead over NIFTY 500 -21.1% · 1 year -39.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.5 + 18.2 + 10.9 + 0 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Asahi India Glass Ltd this page ASAHIINDIA · leader · Evidence leans down · 81% evidence 40.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 10.3% · Profit 26.5% · Operating margin change 7 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11.5% · Operating margin 23% · 100% evidence Valuation 1.9/20 · P/E 51.7× · PEG 9.1 · 100% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 3.6% · 1 year -1.9% · 25% evidence · 10 of 12 weeks ahead Exact sum: 16.9 + 10.3 + 1.9 + 11.6 = 40.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Glass & Glass Products](https://www.sectoralpha.in/sectors/glass-glass-products), all 6 compared on one page. ## Which companies are close to Asahi India Glass in size? Asahi India Glass is the largest of 6 Glass & Glass Products companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Borosil Renewables, Saint-Gobain Sekurit India, Borosil Scientific, Sejal Glass and Empire Industries. ### Glass & Glass Products companies close in size

1. Asahi India Glass Ltd ₹23,070 crore
2. [Borosil Renewables Ltd](https://www.sectoralpha.in/stocks/borosil-renewables-ltd) ₹5,691 crore
3. [Saint-Gobain Sekurit India Ltd](https://www.sectoralpha.in/stocks/saint-gobain-sekurit-india-ltd) ₹927 crore
4. [Borosil Scientific Ltd](https://www.sectoralpha.in/stocks/borosil-scientific-ltd) ₹905 crore
5. [Sejal Glass Ltd](https://www.sectoralpha.in/stocks/sejal-glass-ltd) ₹882 crore
6. [Empire Industries Ltd](https://www.sectoralpha.in/stocks/empire-industries-ltd) ₹562 crore

[All 6 Glass & Glass Products companies, largest first](https://www.sectoralpha.in/sectors/glass-glass-products#all-companies)

### Companies close in size in other industries

1. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) ₹23,304 crore · Auto Ancillaries - Diversified
2. [R R Kabel Ltd](https://www.sectoralpha.in/stocks/r-r-kabel-ltd) ₹23,251 crore · Cables - Power
3. Asahi India Glass Ltd ₹23,070 crore
4. [Gillette India Ltd](https://www.sectoralpha.in/stocks/gillette-india-ltd) ₹23,064 crore · FMCG - Personal Care
5. [TD Power Systems Ltd](https://www.sectoralpha.in/stocks/td-power-systems-ltd) ₹22,948 crore · Capital Goods - Gensets/Turbines

## What else do people ask about Asahi India Glass? ### What is Asahi India Glass's share price today? Asahi India Glass Ltd's share price is ₹991.45, +7.4% over the past year. The whole company is worth ₹25,274 Cr on the market. In the last 52 weeks it traded between ₹810 to ₹1,027; today it is 84% of the way up from the low, 9.5% above its 200-day average (as of 3 November 2026). ### What were Asahi India Glass's latest quarterly results? Asahi India Glass Ltd reported revenue of ₹1,413 Cr and net profit of ₹149 Cr for the Jun 2026 quarter. Revenue rose 15.0% and profit rose 170.9% compared with a year earlier. Earnings per share were ₹5.85. The operating margin was 23.0%, 7.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Asahi India Glass's market cap? Asahi India Glass Ltd's market capitalisation is ₹25,274 Cr at a share price of ₹991.45. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Asahi India Glass performing? Asahi India Glass Ltd's share price has been rising for 13 weeks. In its latest quarter, revenue rose 15.0% and profit rose 170.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Asahi India Glass's share price go up? This page does not forecast Asahi India Glass Ltd's share price. What it shows instead: the share price is ₹991.45, and it has been rising for 13 weeks. Its P/E of 56.6× is higher than 76% of its own last 11 years (as of 3 November 2026). ### Who owns Asahi India Glass? Promoters own 51.6% of Asahi India Glass Ltd, foreign institutions 4.6%, domestic institutions 5.2% and the public 38.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.6 percentage points over 8 quarters (as of 3 November 2026). ### Does Asahi India Glass have too much debt? Asahi India Glass Ltd has a moderate amount of debt: its debt is 0.56× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹2,198 Cr against equity of ₹3,932 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Asahi India Glass in its business cycle? Asahi India Glass Ltd's FY26 operating margin was 18.0%, against a 13-year range of 10.0% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Asahi India Glass story? The main question: promoters moved −2.6 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Asahi India Glass a stock worth studying right now? What the numbers show: Asahi India Glass Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Asahi India Glass share price forecast for 2026? The changes showing up in Asahi India Glass' own numbers are costs spread over more sales. It is too early to say whether they last. What would change the story: The recovery thesis breaks if revenue continues to grow while operating profit declines and inventory remains elevated in the next reporting cycle. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.