Asahi India Glass  is jointly promoted by Asahi Glass Co, Maruti Suzuki and B. M Labroo & Associates. Incorporated in 1984, the Company has grown from being a ‘single-plant single-customer’ company to a glass company with 12 plants and customers spanning across India. Interestingly members of the Mahindra & Mahindra family also hold stake in the company.

It posted a good set of numbers for Q4FY15. Despite a 4.5% (YoY) drop in consolidated net sales at Rs.525 crore, the company ended the quarter with a net profit of Rs.19 crore, up over 3 times. This feat was possible on account of the 9% drop in operating costs and other income of over Rs.2 crore. There was a MAT credit of Rs.6 crore which also helped bring down the tax liability. EBITDA came in at Rs.95 crore, up 23% and margins improved from 14% to 18%. Its debt at over Rs.1100 crore, attracts interest outgo of over Rs.40 crore per quarter.

In terms of segments, it has automotive glass and Float glass. Auto glass showed a 14% rise in topline and 38% increase in EBIT while float glass topline dropped 25% but EBIT was up 65%- which to large extent helped shore up the overall bottomline of the company. It ended FY15 with a consolidated net profit of Rs.42 crore v/s loss of Rs.47 crore in FY14. As at end of FY15, Maruti holds 11.11% stake and Asahi Glass of Japan holds 22.21%. Total promoter holding is at 54.41%. FII holding is 0.68%.