Asahi India Glass Ltd
About
Asahi India Glass Limited (AIS) provides integrated solutions for glass and windows in both building and construction and automotive segments in India. The company primarily has 3 strategic business units (SBUs)—Automotive, Architectural, and Consumer. The automotive segment includes tempered side lites and back lites as well as laminated windscreens. The architectural unit includes interiors and exteriors, coats, processes, and value-added glass. Adhesives, distribution services, windscreens, windows, and GlasXperts, its lifestyle solutions provider, are included in the consumer vertical. Asahi has 12 manufacturing/sub-assembly units in states like Maharashtra, Gujarat, Tamil Nadu, Karnataka, and Haryana, involved in manufacturing and processing glass and related products.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4376 6.0% | 4127 27.5% | 3238 37.2% | 2361 -12.8% | 2706 -9.8% | 2998 12.9% | 2655 10.1% | 2412 9.1% | 2211 5.4% | 2099 -5.2% | 2213 12.3% | 1970 11.9% | 1761 10.0% | 1601 24.4% | 1287 3.5% | 1243 - |
| Net Operating Income (INR Cr) | 4341 8.01% | 4019 26.76% | 3170 30.94% | 2421 -8.40% | 2643 -9.26% | 2913 10.64% | 2633 12.27% | 2345 6.17% | 2209 5.26% | 2099 -5.33% | 2217 14.00% | 1944 15.65% | 1681 7.93% | 1558 20.45% | 1293 4.44% | 1238 24.21% |
| Profit (INR Cr) | 328 -10.1% | 365 5.8% | 345 159.1% | 133 -13.4% | 154 -19.2% | 190 7.2% | 177 18.6% | 150 72.0% | 87 106.9% | 42 - | -47 - | -98 - | -65 - | 17 743.2% | 2 - | -42 - |
| Assets (INR Cr) | 4333 24.4% | 3484 15.7% | 3011 -0.2% | 3017 -3.3% | 3119 8.4% | 2878 12.7% | 2554 8.9% | 2346 25.1% | 1875 -1.0% | 1894 14.8% | 1649 -0.1% | 1650 -4.8% | 1733 -2.7% | 1781 5.0% | 1696 -8.6% | 1856 - |
| Net Worth (INR Cr) | 2353 13.4% | 2075 17.7% | 1762 22.4% | 1440 10.6% | 1302 7.1% | 1216 13.0% | 1076 16.1% | 927 161.8% | 354 25.9% | 281 16.5% | 241 168.2% | 90 -35.2% | 139 -35.7% | 216 8.5% | 199 1.0% | 197 -32.5% |
| Employee Cost (INR Cr) | 359 11.6% | 322 11.3% | 289 10.1% | 263 -4.1% | 274 -2.0% | 280 4.5% | 268 12.6% | 238 17.5% | 203 11.2% | 182 3.7% | 176 7.5% | 163 14.1% | 143 18.0% | 121 29.4% | 94 8.4% | 87 - |
| Interest Cost (INR Cr) | 136 | 105 | 121 | 143 | 146 | 135 | 124 | 144 | 144 | 160 | 163 | 170 | 148 | 129 | 134 | 132 |
| Cash & Bank Balance (INR Cr) | 179 | 118 | 88 | 58 | 14 | 22 | 17 | 16 | 38 | 32 | 28 | 62 | 18 | 27 | 16 | 18 |
| Total Debt (INR Cr) | 1968 | 1401 | 1238 | 1566 | 1762 | 1643 | 1373 | 1221 | 1319 | 1419 | 1395 | 1546 | 1579 | 1552 | 1498 | 1659 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.5% | 8.8% | 10.7% | 5.6% | 5.7% | 6.3% | 6.7% | 6.2% | 3.9% | 2.0% | - | - | - | 1.1% | 0.2% | - |
| Profit As % Of Assets | 7.6% | 10.5% | 11.5% | 4.4% | 4.9% | 6.6% | 7.0% | 6.4% | 4.6% | 2.2% | - | - | - | 0.9% | 0.1% | - |
| Profit As % Of Networth | 13.9% | 17.6% | 19.6% | 9.2% | 11.8% | 15.6% | 16.5% | 16.1% | 24.6% | 14.9% | - | - | - | 7.8% | 1.0% | - |
| Interest Cost to EBITDA % | 18.8% | 13.2% | 15.9% | 32.9% | 33.9% | 26.6% | 27.0% | 34.9% | 36.9% | 52.3% | 71.0% | 101.3% | 84.8% | 49.0% | 58.9% | 93.3% |
| Debt to Equity Ratio | 0.84 | 0.68 | 0.70 | 1.09 | 1.35 | 1.35 | 1.28 | 1.32 | 3.73 | 5.05 | 5.78 | 17.17 | 11.38 | 7.19 | 7.53 | 8.42 |
| RONW | 14.7% | 18.9% | 21.4% | 9.5% | 12.0% | 16.4% | 17.6% | 23.0% | 21.8% | 11.1% | - | - | - | 8.2% | -0.6% | - |
| ROCE | 14.7% | 20.4% | 20.8% | 11.3% | 10.5% | 15.2% | 16.0% | 17.2% | 14.7% | 11.1% | 0.0% | 0.0% | 3.0% | 9.0% | 7.3% | 1.9% |