This glass solutions company has doubled investors’ wealth in the last 2 years!

This glass solutions company has doubled investors’ wealth in the last 2 years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-12-14T12:27:18+05:30

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.14 lakh today.

Asahi India Glass Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 266.65 on 15 December 2020 to Rs 573.20 on 13 December 2022, an increase of 114% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.14 lakh today.

Asahi India Glass Limited (AIS) is India's leading integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. It commands over 70% market share in the Indian passenger car glass market. Established in 1984, AIS' footprint today spans the entire spectrum of the automotive and architectural glass value chains. AIS provides end-to-end solutions right from the manufacturing of glass, to processing, fabrication and installation services. It caters to customers in domestic and international markets.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 27% YoY to Rs 1,012.87 crore. Similarly, the bottom line increased by 29.2% YoY to Rs 100 crore.

The company is currently trading at a TTM PE of 31.64x, as against the industry PE of 110.96x. In FY22, the company delivered an ROE & ROCE of 20.7% and 20.9%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 13,957.01 crore.

Today, the scrip opened at Rs 582.40, which was also the day’s low. The scrip logged an intra-day low of Rs 572.05. So far 1,172 shares have been traded on the bourses.

At 11.45 am, the shares of Asahi India Glass Ltd were trading at Rs 573.80, an increase of 0.10% from the previous day’s closing price of Rs 573.20 on BSE. The stock has a 52-week high & low of Rs 693.80 and Rs 382.10, respectively on BSE.

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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