Agarwal Toughened Glass India Q4 FY25 Share Price & Earnings Call Analysis
- Market cap
- ₹308 Cr
- P/E
- 14.24
- ROE
- 20.57%
- PEG
- 0.08
- Price to sales
- 3.24
- Debt to equity
- 0.21
- 52W high / low
- ₹193 / ₹83.2
- Sales growth (5Y)
- 34.48%
- EBITDA margin
- 29.56%
- Net profit margin
- 22.76%
- Promoter holding
- 60.39%
- Sales (last year)
- ₹95 Cr
Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses for various industries.[1]
Guidance scorecard · Q4 FY25 call
What Agarwal Toughened Glass India Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY25 call
10–20%- The company aims to maintain its CAGR and expects to sustain PAT margins into 2025.
- Focus is on expanding market share by opening new marketing offices, especially targeting southern India and north markets.
- Efforts include supply side strengthening and launching large projects to increase sales.
- New product segments like solar glass are being developed with production expected soon.
- Operational efficiency and margin improvement are targeted, with operating profit margins expected to rise from 30% to 35%.
- Automation, AI, and robotics integration in manufacturing are underway to boost quality and efficiency.
- Expansion of manufacturing facilities, including the third plant, planned to improve revenue and margins.
2 more points from Agarwal Toughened Glass India Ltd's call on revenue
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MarginsQ4 FY25 call
Up 2%+See what Agarwal Toughened Glass India Ltd said on margins — free account, 30 seconds.
CapexQ4 FY25 call
Planned- The company is investing approximately INR 24-25 crore in a third manufacturing plant.
- This investment aims to increase market share and expand capacity.
- They are working on entering the solar glass segment, with production expected to start soon (exact timeline undisclosed due to regulatory compliance).
- Focus on automation with adoption of robotic and AI technologies in manufacturing to improve quality and efficiency.
- Continuous expansion and enhancement of R&D facilities and manufacturing capabilities are priorities.
2 more points from Agarwal Toughened Glass India Ltd's call on capex
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FundraisingQ4 FY25 call
PlannedSee what Agarwal Toughened Glass India Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY25 call
- The company deals with projects based on available funds and project size; larger projects are taken if funds are sufficient.
- Contractors categorized as Category One contractors are repeatedly supplied to and remain in close contact.
- Their orderbook primarily comes from repeat clients and ongoing large projects focused on imported raw materials.
- They have developed a supply chain support system, including supply chain apps and on-transportation systems.
- For detailed orderbook data, the company suggests contacting directly via email.
2 more points from Agarwal Toughened Glass India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Agarwal Toughened Glass India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Agarwal Toughened Glass India Ltd
Shareholding breakup across reporting periods.
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Promoters + | 63.94% | 63.94% | 63.94% | 63.94% | 64.16% | 60.39% |
| FIIs + | 3.82% | 2.39% | 1.77% | 1.49% | 1.13% | 0.00% |
| DIIs + | 7.38% | 7.24% | 5.77% | 5.77% | 5.77% | 4.19% |
| Public + | 24.86% | 26.43% | 28.53% | 28.81% | 28.94% | 35.43% |
| No. of Shareholders | 1,085 | 986 | 905 | 1,106 | 1,093 | 939 |
Financials of Agarwal Toughened Glass India Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Agarwal Toughened Glass India Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 22 | 33 | 40 | 38 | 55 | 95 |
| Expenses + | 19 | 30 | 35 | 25 | 35 | 67 |
| Operating Profit | 2 | 4 | 5 | 14 | 20 | 28 |
| OPM % | 11% | 11% | 12% | 36% | 36% | 30% |
| Other Income + | 1 | 1 | 1 | 2 | 3 | 5 |
| Interest | 2 | 2 | 2 | 3 | 3 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | 1 | 12 | 18 | 30 |
| Tax % | 149% | 25% | 28% | 26% | 18% | 27% |
| Net Profit + | -0 | 0 | 1 | 9 | 15 | 22 |
| EPS in Rs | -0.15 | 0.42 | 0.82 | 7.23 | 8.58 | 12.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Agarwal Toughened Glass India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 12 | 18 | 18 |
| Reserves | 1 | 2 | 3 | 5 | 77 | 98 |
| Borrowings + | 23 | 26 | 29 | 29 | 34 | 25 |
| Other Liabilities + | 6 | 3 | 4 | 6 | 4 | 8 |
| Total Liabilities | 35 | 36 | 41 | 52 | 132 | 148 |
| Fixed Assets + | 14 | 17 | 16 | 15 | 24 | 23 |
| CWIP | 5 | 0 | 2 | 7 | 9 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 17 | 19 | 23 | 30 | 99 | 112 |
| Total Assets | 35 | 36 | 41 | 52 | 132 | 148 |
Financials of Agarwal Toughened Glass India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | -1 | 2 | 11 | -18 | -8 |
| Cash from Investing Activity + | -6 | -1 | -2 | -5 | -13 | -5 |
| Cash from Financing Activity + | 4 | 1 | 0 | -2 | 64 | -10 |
| Net Cash Flow | -1 | -0 | 1 | 4 | 34 | -23 |
| Free Cash Flow | -5 | -1 | 0 | 6 | -32 | -14 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 28% | -7% | 52% | 85% | -71% | -16% |
Financials of Agarwal Toughened Glass India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 102 | 82 | 82 | 102 | 120 | 133 |
| Inventory Days | 198 | 136 | 129 | 303 | 224 | 192 |
| Days Payable | 89 | 20 | 20 | 36 | 13 | 4 |
| Cash Conversion Cycle | 212 | 198 | 191 | 370 | 331 | 321 |
| Working Capital Days | 20 | 40 | 42 | 60 | 251 | 293 |
| ROCE % | 9% | 11% | 35% | 24% | 23% |
Continue your research
What Agarwal Toughened Glass India Ltd's management said in earlier quarters
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