Automotive Glass: approx. 55%
Architectural Glass: approx. 35%
Other (e.g. consumer goods): approx. 10%

TOP 3 Markets:

1. India: approx. 70%
2. Middle East: approx. 15%
3. Southeast Asia: approx. 10%

Asahi India Glass Limited generates the majority of its revenue from the automotive glass sector, followed by architectural glass. The Indian market is the dominant sales market, attributed to the strong presence and demand in the domestic market. The Middle East and Southeast Asia are also significant markets, driven by construction projects and the automotive industry. This distribution reflects the company's strategic focus on growing both domestically and in selected international markets.

Production sites of Asahi India Glass Limited:

1. Bawal, Haryana
2. Roorkee, Uttarakhand
3. Taloja, Maharashtra
4. Chennai, Tamil Nadu

Asahi India Glass Limited operates multiple production facilities in India. These sites are strategically located in different regions of the country to efficiently meet demand and optimize logistics. The plants in Bawal and Roorkee are known for their modern manufacturing facilities, while the locations in Taloja and Chennai also play a significant role in production.

Revenue Growth: Estimated 10% annually (2026)

Asahi India Glass Limited pursues a growth strategy based on diversification and innovation. The company plans to expand its production capacities to meet the increasing demand in the automotive and architectural glass market.

Another focus is on introducing new, technologically advanced products that reduce energy consumption and promote sustainability. This includes the development of energy-efficient glasses and smart glass solutions.

In addition, Asahi India Glass is investing in improving its operational efficiency to reduce costs and increase profit margins. Partnerships and strategic alliances with international companies are also intended to support growth and facilitate access to new markets.

Main raw materials: Glass raw materials, soda ash, limestone, dolomite

Main importing countries: China, Japan, Germany

Asahi India Glass Limited imports essential raw materials for glass production, including glass raw materials, soda ash, limestone, and dolomite. These materials are crucial for the manufacturing of flat glass and automotive glass.

China is a significant supplier of glass raw materials and soda ash, while Japan and Germany supply high-quality machinery and specialty materials for glass processing. These international supply chains enable Asahi India Glass Limited to produce high-quality products and remain competitive in the market.

Market Share: 22% in the Indian glass market (2025) EBITDA Margin: 18% (2025) R&D Expenses: 3% of revenue (2025)

Asahi India Glass Limited (AIS) has a significant competitive advantage in the Indian glass market, highlighted by a market share of 22%. This demonstrates the company's strong position in a highly fragmented market. The EBITDA margin of 18% indicates an efficient cost structure and strong operational performance, enabling the company to operate profitably.

AIS continuously invests in research and development, with 3% of revenue allocated to this area. These investments support innovations and product enhancements that differentiate the company from its competitors. Additionally, AIS benefits from strategic partnerships and a broad product portfolio serving both the automotive and architectural glass industries.

In summary, Asahi India Glass Limited possesses a solid competitive advantage through its market position, operational efficiency, and innovation capabilities.

Institutional Investor Share: Estimated around 30-35% (2026)

Insider Purchases/Sales: No significant transactions reported (2026)

The institutional investor share in Asahi India Glass Limited is estimated to be around 30 to 35 percent. This is typical for companies in this industry, as institutional investors often prefer long-term investments in companies with stable business models.

In 2026, no significant insider purchases or sales were reported. This could indicate that the management has confidence in the current corporate strategy and sees no need to change their positions.

Market share of Asahi India Glass Limited: Estimated 18% (2026)

Top competitors and their market shares:

1. Saint-Gobain Sekurit India: 22%
2. AIS (Asahi India Glass Limited): 18%
3. Pilkington (part of NSG Group): 15%
4. Xinyi Glass Holdings: 12%
5. Guardian Industries: 10%
6. Fuyao Glass Industry Group: 8%
7. AGC Inc.: 7%
8. Central Glass Co., Ltd.: 5%
9. Vitro: 3%

Moat of Asahi India Glass Limited:

Asahi India Glass Limited (AIS) has a moderate moat, mainly based on its strong market presence in India and wide product range. The company benefits from long-standing relationships with automobile manufacturers and the construction industry, ensuring a stable demand.

Compared to its competitors, Saint-Gobain has a stronger moat due to its global network and extensive research and development department enabling continuous innovation. Pilkington and Guardian Industries also have significant advantages through their international presence and technological advancements.

AIS needs to continue investing in innovation and efficiency to strengthen its moat and compete with global leaders. Competition from international companies with larger global reach and more advanced technologies poses a challenge.

Revenue Growth: 10% (2025) EBITDA Margin: 18% (2025) Return on Equity (ROE): 14% (2025)

Asahi India Glass Limited has recorded solid revenue growth of 10% in recent years, indicating strong demand in the construction and automotive industries. The EBITDA margin of 18% shows that the company operates efficiently and is able to control its costs well.

The return on equity of 14% suggests that the company effectively utilizes its investments to generate profits. This is a positive sign for investors looking for companies with good capital returns.

Furthermore, Asahi India Glass has invested in new technologies and capacity expansions in recent years, indicating future growth potential. Given these factors, the stock could be an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 1.8% (2026, estimated)

Dividend History: Regular payouts over the last five years

Asahi India Glass Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2026 is around 1.8%, which can be considered moderate compared to other companies in the industry.

The company has a solid financial foundation and has been able to achieve stable profits in the past, supporting the continuity of dividend payments. Therefore, investors can expect a certain level of reliability in the payouts as long as economic conditions remain stable.