Asahi India Glass Limited stock analysis

This consolidates the Company's consumer-facing brands (ADSL, AIA & GX) , ) under a single entity, sharpening Consumer Glass as a distinct, direct-to-consumer ('D2C') focused platform while continuing to draw on the Automotive and Architectural value chains for its product range. 3.1 Automotive Glass SBU AIS retained its market leadership in Indian automotive glass through FY 2025-26, commanding an approximately ~80%

The Company's permanent workforce increased from 1,371 employees in FY 2019-20 to 2,358 in FY 2025-26, representing a 72% increase over six years. This growth reflects the expansion of new manufacturing facilities at Soniyana (Rajasthan) and Kharkhoda (Haryana), capacity expansion at the Pune, Patan and Chennai plants. The Company's total workforce reached 8,124 individuals in FY 2025-26, providing the operational ca

Float glass capacity stands at 2,150 TPD (Tonnes Per Day). Recent Product Development Customer Portfolio Integrated Annual Report FY 2025-26 Introduction | Corporate Overview | Value Creation | Capitals Performance | Outlook And Closing | Appendix | Statutory Reports | Financial Statements Super Speciality Glass • AIS Swytchglas - Privacy Glass • AIS Integrated Blinds • AIS Pyrobel - Fire Resistant Glass • Energy-Eff

• Kharkhoda on-site assembly unit: The On-Site Assembly Unit at MSIL's Kharkhoda Supplier Park commenced operations in FY 2024-25 and continued to support just-in-time supply and digitalised assembly operations during FY 2025-26. • Fire Rated Glass (FRG) plant, Roorkee: Commenced commercial production during the year, diversifying the Architectural Glass portfolio into a higher-value specialised product. • Architectu

Revenue growth was supported by strong demand across key business segments, while profitability reflected the impact of commissioning and ramp-up of new capacities and the associated increase in depreciation. Finance costs were elevated during the investment cycle; however, following the September 2025 QIP, the Company utilised the proceeds towards debt reduction, strengthening the balance sheet and reducing its fina

• Kharkhoda on-site assembly unit: The On-Site Assembly Unit at MSIL's Kharkhoda Supplier Park commenced operations in FY 2024-25 and continued to support just-in-time supply and digitalised assembly operations during FY 2025-26. • Fire Rated Glass (FRG) plant, Roorkee: Commenced commercial production during the year, diversifying the Architectural Glass portfolio into a higher-value specialised product. • Architectu

During FY 2025–26, total water withdrawal from water-stressed locations amounted to 2.92 lakh KL, comprising groundwater, municipal water, and other approved sources. AIS continues to maximise the use of alternative water sources wherever feasible while ensuring that groundwater abstraction remains within permitted limits and is undertaken in compliance with applicable regulatory approvals. The Company remains focuse

6.1 Funding of Capital Expenditure To fund this capital programme, the Company completed a Qualified Institutions Placement ('QIP') of /uni20B91,000 crore in September 2025, at a premium of /uni20B9843.79 per share, resulting in the allotment of 1,18,37,261 equity shares to 24 allottees (approximately 4.87% overall dilution, of which 2.51% was attributable to promoter dilution). The issue was oversubscribed by approx