Founded in 1984 through a strategic joint venture, Asahi India Glass Ltd. (AIS) has emerged as a pivotal player in India’s glass industry, specializing in automotive and architectural glass solutions. Collaboratively established by the Labroo Family, Asahi Glass Co. (Japan), and Maruti Suzuki India Ltd., AIS delivers comprehensive glass solutions, spanning manufacturing, processing, fabrication, and installation services. With a holistic approach from sand to solutions, AIS offers diverse glass products and services catering to global markets.
This article explores AIS’s journey, its industry impact, and its commitment to innovation and quality in the glass value chain.
About Asahi India Glass
Founded as Indian Auto Safety Glass Private Limited in 1984, Asahi India Glass Limited (AIS) swiftly established itself as a key player in India’s glass industry. Renamed AIS in 1985, the company initially focused on manufacturing toughened glass for Maruti Suzuki India Limited (MSIL). Over the years, AIS expanded its footprint by acquiring Float Glass India, allowing it to diversify into architectural and consumer glass segments. This pivotal move prompted another name change to Asahi India Glass Limited in September 2002, reflecting its broader market presence and capabilities.
AIS operates through two primary business units: AIS Auto Glass, specializing in laminated and tempered glass for automotive applications, and Float Glass, catering to architectural and consumer glass needs. Notably, AIS holds an unparalleled position in India’s auto glass market with a market share exceeding 70%. Its dominance spans across various automotive segments, including passenger cars, commercial vehicles, railways, and earth-moving vehicles. AIS’s success underscores its commitment to innovation, quality, and comprehensive glass solutions tailored to diverse industry requirements.
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➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 656.64 | 570.99 |
| June 2024 | 680.28 | 591.55 |
| July 2024 | 673.48 | 585.63 |
| August 2024 | 700.42 | 609.06 |
| September 2024 | 728.43 | 633.42 |
| October 2024 | 714.15 | 621.00 |
| November 2024 | 735.57 | 639.63 |
| December 2024 | 753.96 | 655.62 |
Asahi India Glass Limited (AIS) has shown a positive trend in its share price targets for the year 2024. The share price targets have been projected to increase steadily over the months. In May 2024, the maximum price target was 656.64 and the minimum was 570.99, while by December 2024, the maximum target rose to 753.96 and the minimum to 655.62. This upward trajectory reflects growing market confidence and potential in AIS. The current share price stands at ₹608, with a high/low range of ₹660/445.
The stock’s price-to-earnings ratio (P/E) is 46.2, and the book value is ₹91.2. With a market capitalization of ₹14,784 Cr., AIS continues to demonstrate strong performance and investor interest in the glass solutions industry.
| When | Maximum Price | Minimum Price |
| January 2025 | 769.04 | 591.57 |
| February 2025 | 788.76 | 606.74 |
| March 2025 | 819.52 | 630.40 |
| April 2025 | 803.45 | 618.04 |
| May 2025 | 780.05 | 600.04 |
| June 2025 | 815.15 | 627.04 |
| July 2025 | 799.17 | 614.75 |
| August 2025 | 823.89 | 633.76 |
| September 2025 | 852.72 | 655.94 |
| October 2025 | 874.89 | 673.00 |
| November 2025 | 896.77 | 689.82 |
| December 2025 | 919.19 | 707.07 |
Asahi India Glass Limited (AIS) anticipates a positive trajectory for its share price targets in 2025, with projections showing potential growth. The maximum share price target for AIS is expected to rise to ₹919.19 by December 2025, while the minimum target is forecasted at ₹707.07 during the same period, reflecting increasing investor confidence and market expectations. AIS holds a significant position in India’s architectural glass market as the second-largest producer, offering a wide range of glass products including Clear Float glass, Tinted glass, Coated glass, and others. Despite facing challenges and losses in this segment, AIS maintains a market share of around 17%.
| When | Maximum Price | Minimum Price |
| January 2026 | 946.76 | 728.28 |
| February 2026 | 971.04 | 746.95 |
| March 2026 | 1,008.91 | 776.08 |
| April 2026 | 989.13 | 760.87 |
| May 2026 | 960.32 | 738.70 |
| June 2026 | 1,003.53 | 771.95 |
| July 2026 | 983.85 | 756.81 |
| August 2026 | 1,014.28 | 780.22 |
| September 2026 | 1,049.78 | 807.52 |
| October 2026 | 1,077.08 | 828.52 |
| November 2026 | 1,104.00 | 849.23 |
| December 2026 | 1,131.60 | 870.46 |
In 2026, Asahi India Glass Limited (AIS) foresees an upward trajectory in its share price targets, with projected maximum prices reaching up to ₹1,131.60 in December and minimum prices around ₹870.46 during the same period. These forecasts indicate strong market confidence and potential growth for AIS shares.
The company boasts robust manufacturing capabilities, with total installed capacities as of FY23 including 12.90 million square meters for tempered glass, 7.2 million pieces for laminated glass, and 78.32 million Converted Square meters (CSQM) for float glass. AIS operates manufacturing facilities across Haryana, Uttarakhand, Tamil Nadu, Maharashtra, and Gujarat, strategically positioning itself to cater to diverse market demands and maintain its competitive edge in the glass industry.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,154.23 | 887.87 |
| February 2027 | 1,183.83 | 910.64 |
| March 2027 | 1,230.00 | 946.15 |
| April 2027 | 1,205.88 | 927.60 |
| May 2027 | 1,170.76 | 900.58 |
| June 2027 | 1,223.44 | 941.11 |
| July 2027 | 1,199.45 | 922.66 |
| August 2027 | 1,236.55 | 951.19 |
| September 2027 | 1,279.83 | 984.48 |
| October 2027 | 1,313.11 | 1,010.08 |
| November 2027 | 1,345.93 | 1,035.33 |
| December 2027 | 1,379.58 | 1,061.22 |
In 2027, Asahi India Glass Limited (AIS) anticipates significant growth in its share price targets, with maximum prices projected to reach as high as ₹1,379.58 in December and minimum prices around ₹1,061.22 during the same period. These forecasts reflect strong market confidence and a positive outlook for AIS shares.
AIS is backed by AGC Inc., Japan, a renowned global glass manufacturer with substantial market shares in floating glass (12% globally) and automotive glass (30% globally). This strong and experienced promoter lends robust support to AIS’s operations and strategic initiatives, reinforcing its position as a key player in India’s glass industry with promising growth prospects ahead.
| When | Maximum Price | Minimum Price |
| January 2028 | 1,407.17 | 1,082.44 |
| February 2028 | 1,443.26 | 1,110.20 |
| March 2028 | 1,499.54 | 1,153.49 |
| April 2028 | 1,470.14 | 1,130.88 |
| May 2028 | 1,427.32 | 1,097.94 |
| June 2028 | 1,491.55 | 1,147.35 |
| July 2028 | 1,462.30 | 1,124.85 |
| August 2028 | 1,507.53 | 1,159.64 |
| September 2028 | 1,560.29 | 1,200.22 |
| October 2028 | 1,600.86 | 1,231.43 |
| November 2028 | 1,640.88 | 1,262.22 |
| December 2028 | 1,681.90 | 1,293.77 |
- January 2028: ₹1,082.44 (Minimum)
- December 2028: ₹1,681.90 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 1,715.54 | 1,319.65 |
| February 2029 | 1,759.53 | 1,353.48 |
| March 2029 | 1,828.15 | 1,406.27 |
| April 2029 | 1,792.31 | 1,378.70 |
| May 2029 | 1,740.10 | 1,338.54 |
| June 2029 | 1,818.41 | 1,398.77 |
| July 2029 | 1,782.75 | 1,371.35 |
| August 2029 | 1,837.89 | 1,413.76 |
| September 2029 | 1,902.21 | 1,463.24 |
| October 2029 | 1,951.67 | 1,501.29 |
| November 2029 | 2,000.46 | 1,538.82 |
| December 2029 | 2,050.48 | 1,577.29 |
- January 2029: ₹1,319.65(Minimum)
- December 2029: ₹2,050.48 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 2,091.49 | 1,608.83 |
| February 2030 | 2,145.11 | 1,650.09 |
| March 2030 | 2,228.77 | 1,714.44 |
| April 2030 | 2,185.07 | 1,680.82 |
| May 2030 | 2,121.43 | 1,631.87 |
| June 2030 | 2,216.89 | 1,705.30 |
| July 2030 | 2,173.42 | 1,671.86 |
| August 2030 | 2,240.64 | 1,723.57 |
| September 2030 | 2,319.07 | 1,783.90 |
| October 2030 | 2,379.36 | 1,830.28 |
| November 2030 | 2,438.85 | 1,876.03 |
| December 2030 | 2,499.82 | 1,922.94 |
- January 2030: ₹1,608.83 (Minimum)
- December 2030: ₹2,499.82 (Maximum)
Financial Condition of Asahi India Glass: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 2,913 | 2,643 | 2,421 | 3,170 | 4,019 |
| Expenses (Rs. Crores) | 2,403 | 2,212 | 1,987 | 2,410 | 3,224 |
| Operating Profit (Rs. Crores) | 510 | 431 | 435 | 761 | 795 |
| OPM (%) | 17% | 16% | 18% | 24% | 20% |
| Other Income (Rs. Crores) | 24 | 23 | 46 | 31 | 33 |
| Interest (Rs. Crores) | 135 | 146 | 143 | 121 | 105 |
| Depreciation (Rs. Crores) | 119 | 137 | 132 | 160 | 160 |
| Profit Before Tax (Rs. Crores) | 280 | 171 | 205 | 511 | 563 |
| Tax (%) | 33% | 36% | 33% | 33% | 36% |
| Net Profit (Rs. Crores) | 188 | 151 | 131 | 343 | 362 |
| EPS (Rs.) | 7.82 | 6.32 | 5.47 | 14.18 | 15.01 |
| Dividend Payout (%) | 13% | 16% | 18% | 14% | 13% |
- Over the past five years, Asahi India Glass has exhibited notable sales and profit growth, with sales increasing steadily from Rs. 2,913 crores in 2019 to Rs. 4,019 crores in 2023, representing a 9% compounded annual growth rate (CAGR).
- Operating profit margins (OPM) reached a peak of 24% in 2022, reflecting improved operational efficiency and profitability.
- Net profit has grown from Rs. 188 crores in 2019 to Rs. 362 crores in 2023, indicating increasing profitability over the period.
- The company has maintained a stable dividend payout ratio ranging from 13% to 18% during this timeframe.
- Asahi India Glass has achieved impressive compounded growth rates in stock price (CAGR of 23% over five years), profit (CAGR of 16% over five years), and return on equity (ROE) (16% over five years), demonstrating strong financial performance and investor returns.
- However, the trailing twelve months (TTM) profit growth showed a decline of 24%, potentially reflecting recent challenges or market conditions impacting profitability.
FAQs
What is Asahi India Glass’s current market capitalization?
Asahi India Glass currently boasts a market capitalization of approximately ₹14,784 Crores.
Presently, Asahi India Glass is trading at ₹608 per share.
Asahi India Glass’s share price targets for 2025 are expected to range from a minimum of ₹707.07 to a maximum of ₹919.19 by December.
By 2030, Asahi India Glass is anticipated to reach a share price range of ₹1,608.83 (minimum) to ₹2,499.82 (maximum) throughout the year.
What is the current price-to-earnings (P/E) ratio of Asahi India Glass?
Asahi India Glass currently has a price-to-earnings (P/E) ratio of 46.2.
What is the dividend payout ratio of Asahi India Glass?
Asahi India Glass maintains a stable dividend payout ratio ranging from 13% to 18% over recent periods.
How has Asahi India Glass’s sales performance evolved in the past five years?
Asahi India Glass has achieved consistent sales growth, with revenues increasing from ₹2,913 crores in 2019 to ₹4,019 crores in 2023, representing a 9% compounded annual growth rate (CAGR).
What is the trend in Asahi India Glass’s operating profit margins (OPM) over the years?
Operating profit margins for Asahi India Glass reached a peak of 24% in 2022, highlighting improved operational efficiency and profitability.
How has Asahi India Glass’s net profit trended over the past five years?
Over the last five years, Asahi India Glass has experienced steady growth in net profit, rising from ₹188 crores in 2019 to ₹362 crores in 2023.
What is the historical trend in Asahi India Glass’s stock price growth?
Asahi India Glass has demonstrated strong compounded annual growth rates (CAGR), with a 23% CAGR over the past five years.
What is the historical trend in Asahi India Glass’s dividend payouts?
Asahi India Glass has consistently maintained a stable dividend payout ratio, ranging from 13% to 18% over recent years.
How has Asahi India Glass’s tax rate fluctuated over the past five years?
Asahi India Glass’s tax rate has varied between 33% to 36% over the last five years.
What is the impact of current economic conditions on Asahi India Glass’s financial performance?
Recent market conditions have influenced Asahi India Glass’s financial performance, with a noted decline in trailing twelve months (TTM) profit growth by 24%.
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Conclusion: AIS’s Growth Trajectory and Industry Leadership
In nearly four decades, Asahi India Glass Ltd. (AIS) has become a cornerstone of India’s glass industry, forged through a strategic joint venture uniting the Labroo Family, Asahi Glass Co. (Japan), and Maruti Suzuki India Ltd. AIS’s evolution from automotive glass into architectural and consumer segments underscores its commitment to innovation and quality, encapsulated by its ethos of “From Sand to Solutions.”
AIS’s financial trajectory reflects robust growth, with notable increases in sales and profits over the last five years. However, a recent slowdown in sales growth to 8.83% indicates challenges amid changing economic conditions. Despite this, AIS has maintained strong profitability metrics, evident from a healthy dividend payout ratio and consistent growth in net profit.
The market outlook for AIS remains optimistic, buoyed by ambitious share price targets projected through 2030, reflecting growing investor confidence. AIS’s strategic positioning and manufacturing capabilities, coupled with support from AGC Inc., Japan, position it favorably for sustained growth and industry leadership.
In conclusion, AIS exemplifies resilience and adaptability in navigating India’s glass industry landscape. Despite recent challenges in sales growth, AIS’s financial performance, strategic vision, and market potential bode well for its continued success and leadership in the glass solutions sector.
What did we learn?
- 1 About Asahi India Glass
- 2 How to Purchase Asahi India Glass Shares in India?
- 3 Asahi India Glass Share Price Prediction 2024 – 2030
- 3.1 Asahi India Glass Share Price Target 2024
- 3.2 Asahi India Glass Share Price Target 2025
- 3.3 Asahi India Glass Share Price Target 2026
- 3.4 Asahi India Glass Share Price Target 2027
- 3.5 Asahi India Glass Share Price Target 2028
- 3.6 Asahi India Glass Share Price Target 2029
- 3.7 Asahi India Glass Share Price Target 2030
- 4 Financial Condition of Asahi India Glass: Last 5 Years
- 5 FAQs
- 5.1 What is Asahi India Glass’s current market capitalization?
- 5.2 What is the current share price of Asahi India Glass?
- 5.3 What are the projected share price targets for Asahi India Glass in 2025?
- 5.4 What are the share price targets for Asahi India Glass in 2030?
- 5.5 What is the current price-to-earnings (P/E) ratio of Asahi India Glass?
- 5.6 What is the dividend payout ratio of Asahi India Glass?
- 5.7 How has Asahi India Glass’s sales performance evolved in the past five years?
- 5.8 What is the trend in Asahi India Glass’s operating profit margins (OPM) over the years?
- 5.9 How has Asahi India Glass’s net profit trended over the past five years?
- 5.10 What is the historical trend in Asahi India Glass’s stock price growth?
- 5.11 What is the historical trend in Asahi India Glass’s dividend payouts?
- 5.12 How has Asahi India Glass’s tax rate fluctuated over the past five years?
- 5.13 What is the impact of current economic conditions on Asahi India Glass’s financial performance?
- 6 Conclusion: AIS’s Growth Trajectory and Industry Leadership
