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Commentary (9 May 2024 @ 06:00):

Asahi India Glass Limited, an integrated glass and windows solutions company, manufactures and supplies various glass products in India and internationally...

Stats
Today's Volume	236 357
Average Volume	232 403
Market Cap	149.26B
EPS	INR0 ( 2024-01-25 )
Next earnings date	( INR0 ) 2024-05-12
Last Dividend	INR2.00 ( 2023-09-11 )
Next Dividend	INR0 ( N/A )
P/E	46.27
ATR14	INR1.595 (0.26%)

Volume Correlation

Long: -0.42 (neutral)

Short: 0.05 (neutral)

Signal:(45.157) Neutral

Asahi India Glass Limited Correlation

10 Most Positive Correlations
SPARC.NS	0.906
COMPINFO.NS	0.893
MASKINVEST.NS	0.889
NILAINFRA.NS	0.889
PAGEIND.NS	0.888
ITI.NS	0.887
LIBERTSHOE.NS	0.886
APCL.NS	0.885
HINDMOTORS.NS	0.885
BIOCON.NS	0.884

10 Most Negative Correlations
JSL.NS	-0.863
JSLHISAR.NS	-0.851
SUNFLAG.NS	-0.844
BLUECOAST.NS	-0.843
LINDEINDIA.NS	-0.836
PIONDIST.NS	-0.825
GFSTEELS.NS	-0.824
KIRLFER.NS	-0.823
PGEL.NS	-0.813
4THDIM.NS	-0.801

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Asahi India Glass Limited Correlation - Currency/Commodity

0.72
( moderate )

0.00
( neutral )

0.48
( neutral )

0.37
( neutral )

-0.36
( neutral )

-0.67
( moderate negative )

Asahi India Glass Limited Financials

Annual	2022
Revenue:	INR40.06B
Gross Profit:	INR26.23B (65.48 %)
EPS:	INR15.01

FY	2022
Revenue:	INR40.06B
Gross Profit:	INR26.23B (65.48 %)
EPS:	INR15.01

FY	2022
Revenue:	INR31.47B
Gross Profit:	INR19.84B (63.04 %)
EPS:	INR14.18

FY	2021
Revenue:	INR24.06B
Gross Profit:	INR13.69B (56.91 %)
EPS:	INR5.47

Financial Reports:

No articles found.

Asahi India Glass Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR2.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR2.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Asahi India Glass Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 4.17 - low (38.54%) | Divividend Growth Potential Score: 3.73 - Decrease likely (25.31%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.253	2002-09-03
Last Dividend	INR2.00	2023-09-11
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	17	--
Total Paid Out	INR16.88	--
Avg. Dividend % Per Year	0.27%	--
Score	1.96	--
Div. Sustainability Score	4.17
Div.Growth Potential Score	3.73
Div. Directional Score	3.95	--

Next Divdend (Est)
(2025-01-17)

INR2.18 Estimate 2.91 %

Dividend Stability

0.23 Very Poor

Dividend Score

1.96

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR3.00	0.80%
2019	INR2.00	0.76%
2020	INR1.000	0.50%
2021	INR1.000	0.36%
2022	INR2.00	0.41%
2023	INR2.00	0.38%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

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INDOTHAI.NS	Dividend Junior	2023-09-15	Annually	10	0.58%
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SBIN.NS	Dividend Junior	2023-05-31	Sporadic	29	0.99%
MAHLOG.NS	Dividend Junior	2023-07-13	Annually	7	0.30%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0750	1.500	8.50	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.151	1.500	9.43	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	4.54	1.000	9.43	9.43	[3 - 30]
operatingCashFlowPerShareTTM	13.99	2.00	5.34	10.00	[0 - 30]
freeCashFlowPerShareTTM	13.99	2.00	3.00	6.01	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.550	1.000	4.16	4.16	[0.2 - 0.8]
operatingProfitMarginTTM	0.136	1.000	9.29	9.29	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				4.17

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	47.12	1.000	5.34	0	[1 - 100]
returnOnEquityTTM	0.151	2.50	9.63	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	13.99	2.00	5.34	6.01	[0 - 30]
dividendYielPercentageTTM	0.319	1.500	2.01	0	[0 - 0.4]
operatingCashFlowPerShareTTM	13.99	2.00	5.34	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.451	1.500	-0.327	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0789	1.000	-0.527	0	[0.1 - 0.5]
Total Score				3.73

Asahi India Glass Limited

Asahi India Glass Limited, an integrated glass and windows solutions company, manufactures and supplies various glass products in India and internationally. It operates in two segments, Automotive Glass and Float Glass. The company offers various automotive glass products, including laminated windshields, tempered glass for sidelites and backlites, defogger glasses, glass antennas, encapsulated glasses, plug-in windows, solar control glasses, IR and UV cut glasses, dark green UV cut glasses, rain sensor and wiper heated windshields, glasses with assembly, privacy glasses, acoustic windshields, IR cut and acoustic windshields, sliding windows for buses and trucks, thinner glazings, and IGU for metro and railways. It also provides a range of architectural glass products, such as clear, tinted, and frosted glasses; coated solar control and heat-reflective glasses; back-painted, mirror, and tinted mirror décor glasses; laminated and tempered processed glasses; and fire-resistant, smart, fabric laminated, mesh laminated, and bullet resistant glasses. In addition, the company offers uPVC, wooden, and aluminum windows; and glass, window, and door solutions. Further, it provides automotive glass repair and replacement services. The company was incorporated in 1984 and is based in Gurugram, India.

Realtime updates for Asahi India Glass Limited [ASAHIINDIA.NS]

Upcoming Earnings Alert

Asahi India Glass Limited Dividend Information - Dividend Junior

Dividend Commentary

Top 10 dividend Companies for NSE

Dividend Sustainability Score (DSS)

Dividend Growth Score (DGS)