{"id":7303,"date":"2015-05-02T16:59:46","date_gmt":"2015-05-02T11:29:46","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7303"},"modified":"2015-05-27T12:28:26","modified_gmt":"2015-05-27T06:58:26","slug":"asahi-india-glass-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/asahi-india-glass-ltd\/7303","title":{"rendered":"Asahi India Glass Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">Asahi India Glass Ltd is an integrated glass company manufacturing a wide\u00a0range of international quality glass that finds application applications across\u00a0multiple industries. The company is having a leadership position both in the\u00a0car and building glass segment with 10 manufacturing facilities and three\u00a0warehouses cum sub-assembly units. It is having a significant 77% share in the\u00a0Indian car glass market. The company is broadly structured into four verticals\u00a0viz; Auto, Architectural, Consumer Glass and Solar Glass. The company is\u00a0having a rich clientele which includes market leaders like Maruti Suzuki,\u00a0Hyundai Motors, Tata Motors, Mahindra &amp; Mahindra, Toyota Kirloskar, Honda\u00a0Cars India, Volkswagen India, Ford India, Skoda Auto and Fiat India.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Equity Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">Asahi India Glass is present across the entire value chain of\u00a0architectural and automotive glass. The company remained\u00a0steadfast in introducing new products in order to stay\u00a0competitive in the market. Despite the adverse business\u00a0environment, the company has shown resilience and focused\u00a0on generating incremental benefits in 9MFY15, on the back of\u00a0product diversification and cost reduction initiative. Further,\u00a0the company is on an expansion spree and is expanding the\u00a0laminated glass line at Bawal (Haryana) from 1.5 million TPA to\u00a02.2 million TPA, which will aid to the revenue growth.<\/p>\n<p style=\"text-align: justify;\">At a CMP of Rs 125, Asahi India is currently trading at EV\/EBITDA\u00a0of 10.6x FY16E and 8.9x FY16E. Considering the company\u2019s\u00a0strong fundamentals, we recommend \u2018BUY\u2019 with a target price\u00a0of Rs 156, which implies potential upside of ~25% to the CMP\u00a0from 1 year perspective.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/05\/Research-Report-Asahi-India-Glass-Ltd.pdf\">Research Report Asahi India Glass Ltd<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asahi India Glass Ltd is an integrated glass company manufacturing a wide\u00a0range of international quality glass that finds application applications across\u00a0multiple industries. The company is having a leadership position both in the\u00a0car and building glass segment with 10 manufacturing facilities and three\u00a0warehouses cum sub-assembly units. It is having a significant 77% share in the\u00a0Indian car [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asahi India Glass Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest report on Asahi India Glass LTD. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/asahi-india-glass-ltd\/7303\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asahi India Glass Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest report on Asahi India Glass LTD. 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