Asahi India among top 400 Indian companies

Asahi India Glass Limited (AIGL) is in 329th place in the Golden Four Hundred listing of top Indian companies in 2007, compiled by Dalal Street Investment Journal. The ranking is based on sales, net p…

Asahi India Glass Limited (AIGL) is in 329th place in the Golden Four Hundred listing of top Indian companies in 2007, compiled by Dalal Street Investment Journal. The ranking is based on sales, net profit, market capitalization (as of 31 August 2007) and dividend (adjusted for face value of equity shares), with equal weighting accorded to each of the four parameters. AIGL reported net sales of INR 7612.7 million and net profit of INR 423.4 million for the year ended March 2007. The company, which has an equity capital of INR 159.9 million, announced earnings of INR 2.65 per share. While float glass accounted for 35.27% of its sales in 2006-2007, laminated glass contributed 29.52% and toughened glass, 27.89%.