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ASAHIINDIA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.4

Stock Code ASAHIINDIA Market Cap 22,043 Cr. Current Price 865 ₹ High / Low 1,074 ₹
Stock P/E 73.3 Book Value 149 ₹ Dividend Yield 0.23 % ROCE 12.0 %
ROE 13.2 % Face Value 1.00 ₹ DMA 50 918 ₹ DMA 200 890 ₹
Chg in FII Hold 0.01 % Chg in DII Hold 0.09 % PAT Qtr 108 Cr. PAT Prev Qtr 47.5 Cr.
RSI 43.4 MACD -28.9 Volume 1,24,17,211 Avg Vol 1Wk 25,19,430
Low price 579 ₹ High price 1,074 ₹ PEG Ratio -489 Debt to equity 0.74
52w Index 57.9 % Qtr Profit Var 28.5 % EPS 11.9 ₹ Industry PE 25.0

📊 Financials

  • Revenue & Profitability: PAT improved from ₹47.5 Cr. to ₹108 Cr., showing strong quarterly growth. EPS at ₹11.9 is modest relative to valuation.
  • Margins & Returns: ROCE at 12.0% and ROE at 13.2% are average, reflecting moderate efficiency.
  • Debt & Liquidity: Debt-to-equity ratio of 0.74 indicates relatively high leverage, requiring monitoring.
  • Cash Flow: Dividend yield of 0.23% provides minimal shareholder returns.

💹 Valuation

  • P/E Ratio: 73.3 vs Industry PE of 25.0 — trading at a steep premium.
  • P/B Ratio: Current price ₹865 vs Book Value ₹149 — ~5.8x book value, expensive.
  • PEG Ratio: -489 — distorted, indicating poor growth outlook relative to valuation.
  • Intrinsic Value: Current price is well above fair value, offering little margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in automotive glass manufacturing with strong industry presence.
  • Quarterly profit growth highlights operational improvement.
  • High leverage and stretched valuations limit competitive strength compared to peers.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹820 – ₹850, closer to support levels.
  • Long-Term Holding: Fundamentals are average with high valuation risk. Suitable only for cautious investors; accumulate on dips for long-term exposure to automotive demand.

✅ Positive

  • Quarterly PAT growth (+28.5%) highlights earnings improvement.
  • FII holdings increased slightly (+0.01%), showing marginal foreign interest.
  • DII holdings increased (+0.09%), reflecting cautious domestic support.

⚠️ Limitation

  • High P/E ratio (73.3) compared to industry average (25.0).
  • Weak dividend yield (0.23%) provides minimal shareholder returns.
  • Debt-to-equity ratio of 0.74 indicates high leverage.

📉 Company Negative News

  • RSI at 43.4 and MACD negative (-28.9) reflect bearish technical signals.
  • High valuation multiples limit upside potential.

📈 Company Positive News

  • Quarterly PAT growth shows operational recovery.
  • Institutional holdings (FII and DII) increased slightly, showing cautious confidence.
  • Strong trading volumes indicate liquidity and investor interest.

🏭 Industry

  • Automotive glass sector benefits from rising vehicle demand and infrastructure growth.
  • Industry PE at 25.0 is much lower than company’s valuation, highlighting relative overpricing of ASAHIINDIA.

🔎 Conclusion

ASAHIINDIA shows modest fundamentals with improving profitability and institutional support, but suffers from high leverage and extremely stretched valuations. While industry demand is favorable, the stock trades at a steep premium. Best strategy: accumulate cautiously near ₹820–₹850 and hold for long-term exposure to automotive growth, while monitoring debt levels and valuation risks.

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