Incorporated in October 2009, Agarwal Toughened Glass India Limited manufactures tempered glasses. The company’s products are used in various industries, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware.
The company is ISO 9001:2015 certified for its Quality Management System.
The company caters to segments such as office buildings, hotels, institutions, banks, insurance firms, shopping centres, and diplomatic homes.
The product portfolio of the company comprises of
The company conducts various tests on its products, including human impact assessments, ball drop tests, design and visual inspections, annealing evaluations (for residual stress), and glass thickness and weight measurements.
Competitive Strengths:
As of September 30, 2024, the company had 207 employees responsible for their respective tasks, including directors, administrative, secretarial, marketing, and accounting staff.
Agarwal Toughened Glass India Limited’s revenue decreased by -0.25% and profit after tax (PAT) rose by 795.66% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,707.55 | 5,154.85 | 4,062.32 | 3,620.49 |
| Revenue | 2,349.73 | 4,050.26 | 4,060.32 | 3,471.99 |
| Profit After Tax | 453.92 | 868.52 | 96.97 | 50.18 |
| Net Worth | 2,084.72 | 1,630.80 | 762.28 | 665.31 |
| Reserves and Surplus | 897.22 | 443.30 | 287.28 | 190.31 |
| Total Borrowing | 3,055.39 | 2,924.51 | 2,876.68 | 2,641.92 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Agarwal Toughened Glass India IPO is Rs 190.89 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 21.77% |
| ROCE | 19.78% |
| Debt/Equity | 1.47 |
| RoNW | 21.77% |
| P/BV | 6.15 |
| PAT Margin (%) | 20.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.31 | 5.14 |
| P/E (x) | 14.77 | 21.03 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objectives:
| IPO Date | November 28, 2024 to December 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,799,600 shares (aggregating up to ₹62.64 Cr) |
| Fresh Issue | 5,799,600 shares (aggregating up to ₹62.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 17,674,600 |
| Market Maker portion | 297,600 shares |
Anita Agarwal, Mahesh Kumar Agarwal, Uma Shankar Agarwal, and Sharda Agarwal are the company's promoters.
| Share Holding Pre Issue | 95.16% |
| Share Holding Post Issue | 63.94% |
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