List of Top Glass Manufacturing company in India

Here is the Top Glass Manufacturing company in India based on Market Capitalization in 2020

  • Asahi India Glass Ltd
  • La Opala RG Ltd
  • Borosil Glass Works Ltd
  • Saint-Gobain Sekurit India Ltd
  • Empire Industries Ltd
  • Hindusthan National Glass & Industries Ltd
  • Haldyn Glass Ltd

Top Glass Manufacturing company in India

#1. Asahi India Glass Ltd

 Asahi India Glass Ltd is the largest Glass Manufacturing company in India with a market cap of 4,773 Cr. in 2020

IndustryGlass Manufacturing
Founded1984
ChairmanMr. B. M. Labroo
MD & CEOMr. Sanjay Labroo

Asahi India Glass Ltd is engaged in the production and delivery of next-generation glass products and solutions to retail and institutional customers

It is India’s leading integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. It commands a 77 % market share in the Indian passenger car glass market.

BUSINESS SEGMENTS

Automotive Glass

The Company has over three decades of experience in supplying high-quality glass products to global and Indian OEM customers in India.

It has emerged as the preferred manufacturer of automotive glass for passenger and commercial vehicles, railways, metros, tractors, and off-highways.

The Company enjoys a strong leadership position in the automotive glass segment.

AIS Auto’s product portfolio encompasses

  • IR cut glass
  • UV cut glass
  • Solar control glass
  • Encapsulated glass
  • Laminated windshield
  • Defogger glass
  • Tempered glass for sidelites and backlights
  • Rain sensor windshield
  • Heated windshield
  • Plug-in window and several other value-added products

Architectural Glass

Architectural glass is the second major business segment, where the Company offers a wide range of end-to-end solutions for use in real estate construction.

Its portfolio includes a wide range of

  • Float glass
  • Processed glass and other value-added products.

Consumer Glass

Under the B2C Consumer Glass segment, the Company provides tailor-made solutions in the Automotive and Architectural Glass segments directly to customers.

This segment is very small

REVENUE BREAK-UP BY BUSINESS SEGMENTS(%)

Asahi India Glass Ltd glass manufacturing company in india revenue break-up by business segments(%)

REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

Asahi India Glass Ltd glass manufacturing company in india revenue break-up by geography wise(%)

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  4,773 Cr.
  • Current Price:  196.50
  • 52 weeks High / Low  276.95 / 118.40
  • Book Value:  53.57
  • Stock P/E: 89.12
  • Dividend Yield: 0.51 %
  • ROCE: 15.68 %
  • ROE: 16.63 %
  • Sales Growth (3Yrs): 9.66 %

BONUS SHARE ISSUE HISTORY

Bonus History (Asahi India Glass)

DateBonus Ratio
24-05-20051:1
26-05-20011:1
04-10-19971:1

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales1,5582,6455.44%
Profit215154.10%
Share Price57.95196.5012.99%

#2. La Opala RG Ltd

La Opala RG Ltd is the second largest Glass Manufacturing company in India with a market cap of  2,091 Cr. in 2020

IndustryGlass Manufacuring
Founded1987
ChairmanMr. A. C. Chakrabortti
MDMr. Ajit Jhunjhunwala

Established in 1987, La Opala RG Limited was the first to introduce opal glass in India.

The Company is engaged in the manufacture and marketing of opal glass tableware and 24% lead crystalware products. Over the years, the Company has emerged as India’s largest tableware and glassware lifestyle brand.

The company has 50% Market share in organized opal ware sector


The Company’s extensive distribution network is spread across India, comprising more than 200 distributors and 12,000 retailers.

PRODUCT PORTFOLIO

Opal glassware

Plates | Bowls| Dinner sets | Cup-saucer Sets | Coffee mugs | Coffee cups |
Tea sets | Soup sets | Pudding | Dessert sets

Crystalware

Barware | Vases | Bowls | Stemware

BRANDS

‘La Opala’ is the flagship brand of the Company and caters to entry-level dinner sets, plates, bowls, coffee mugs, and other products.

‘Diva’ offers a premium range of products under five collections – Classique, Ivory, Cosmo, Quadra and Sovrana

‘Solitaire’ markets crystal glassware.

BUSINESS SEGMENTS

The company is mainly present in only one segment which is Manufacture of Table or Kitchen Glassware.

REVENUE BREAK-UP BY GEOGRAPHY WISE (%)

La Opala RG Limited glass manufacturing company in india revenue break-up by geography wise

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  2,091 Cr.
  • Current Price:  188.40
  • 52 weeks High / Low  233.00 / 130.50
  • Book Value:  49.11
  • Stock P/E: 25.51
  • Dividend Yield: 0.64 %
  • ROCE: 18.92 %
  • ROE: 15.26 %
  • Sales Growth (3Yrs): 4.70 %

BONUS SHARE ISSUE HISTORY

Bonus History (La Opala RG)

DateBonus Ratio
05-02-20181:1
02-08-20061:1
25-03-19941:1

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales7327013.97%
Profit38439.55%
Share Price4.11188.4035.22%

#3. Borosil Glass Works Ltd

Borosil Glass Works Ltd Ltd is the third largest Glass Manufacturing company in India with a market cap of  921.60 Cr. in 2020.

IndustryGlass Manufacuring
Founded1962
ChairmanP K Kheruka
MDShreevar Kheruka

Established in 1962, Borosil Glass Works Ltd is a supplier of laboratory glassware and microwaveable kitchenware in India.

The company has a strong brand presence in the domestic market due to its established track record and high-quality products that command a market share of ~65% in the laboratory and scientific ware segment.

The company commands a 60% national market share in the traditional microwaveable kitchenware segment through its established network of over 14,000 retail outlets as well as its presence in key Modern Retail stores, which gives this homemakers’ favorite brand a nationwide reach.

BUSINESS SEGMENTS

  • Scientificware items
  • Consumerware items

REVENUE BREAK-UP BY BUSINESS SEGMENTS(%)

Borosil Glass Works Ltd REVENUE BREAK-UP BY BUSINESS SEGMENTS(%)

REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

Borosil Glass Works Ltd REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  921.60 Cr.
  • Current Price:  80.80
  • 52 weeks High / Low  149.30 / 27.50
  • Book Value:  28.61
  • Stock P/E: 28.85
  • Dividend Yield: 0.80 %
  • ROCE: 8.55 %
  • ROE: 5.66 %
  • Sales Growth (3Yrs): 17.17 %

BONUS SHARE ISSUE HISTORY

Bonus History (Borosil Renewables Ltd.)

DateBonus Ratio
18-06-20183:1
11-09-19821:2

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales8737815.82%
Profit-2532
Share Price2.8080.8039.77%

#4. Saint-Gobain Sekurit India Ltd

Saint-Gobain Sekurit India Ltd is the 4th largest Glass Manufacturing company in India with a market cap of  445.53 Cr. in 2020.

IndustryGlass Manufacturing
Founded1973
ChairmanMr. Padmanabha Shetty
MDMr. A. Dinakar

Saint-Gobain Sekurit India Ltd (SGSIL) is the Indian subsidiary of Saint-Gobain Sekurit France.

It manufactures and supplies Automotive Glazing (Windshields, Side Glasses, and Backlites) for leading auto manufacturers in India as well as the Replacement Market.

BUSINESS SEGMENTS

  • Manufacture of laminated and toughened glass

PRODUCTS & SERVICES

Laminated Windshields: 

SGSI offers a wide range of windshields for passenger cars, utility vehicles, commercial vehicles, and 3 wheelers.

Tempered Side Glasses:

SGSI manufactures a wide range of tempered glasses for passenger cars, utility vehicles, commercial vehicles and 3 wheeler goods carriers.

Backilites:

A wide range of varieties is manufactured for passenger cars and utility vehicles.

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  445.53 Cr.
  • Current Price:  48.90
  • 52 weeks High / Low  63.90 / 26.00
  • Book Value:  14.18
  • Stock P/E: 51.39
  • Dividend Yield: 0.00 %
  • ROCE: 11.43 %
  • ROE: 7.93 %
  • Sales Growth (3Yrs): 3.02 %

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales841354.86%
Profit51310.03%
Share Price21.5448.908.54%

#5. Empire Industries Ltd

Empire Industries Ltd is the 5th largest Glass Manufacturing company in India with a market cap of  340.86 Cr. in 2020.

IndustryGlass Manufacturing
Founded1990
ChairmanS. C. MALHOTRA
MDRANJIT MALHOTRA

Incorporated on October 17, 1900, Empire Industries Ltd is a public limited company, with a presence in diverse businesses such as vitrum glass manufacturing, agency services, property leasing, frozen food trading, and real estate development.

Vitrum Glass is an acknowledged leader in the manufacture and marketing of high-quality amber glass bottles for the Pharmaceutical industry – both for India and abroad.

Vitrum boasts of a clientele comprising of the best multinational pharmaceutical companies in India such as GlaxoSmithKline Pharmaceuticals Ltd., Pfizer Limited, Merck Limited, Wardex Pharmaceuticals, and Cipla Limited among others.

Its export market includes U.S, Europe, South East Asia, Middle East, Africa and South American countries.

BUSINESS SEGMENTS

  • Manufacturing of Glass Bottles
  • Real Estate Activities
  • Business Support Service, Consultancy and Commission
  • Wholesale of meat & fish

REVENUE BREAK-UP BY BUSINESS SEGMENTS(%)

Empire Industries Ltd glass manufacturing company in india rewvenue break-up by business segments(%)

REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

Empire Industries Ltd glass manufacturing company in india rewvenue break-up by GEOGRAPHY WISE

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  340.86 Cr.
  • Current Price:  568.10
  • 52 weeks High / Low  890.00 / 469.00
  • Book Value:  389.52
  • Stock P/E: 10.55
  • Dividend Yield: 4.40 %
  • ROCE: 14.49 %
  • ROE: 13.54 %
  • Sales Growth (3Yrs): 10.97 %

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales14857514.54%
Profit26342.72%
Share Price413.20568.103.23%

#6. Hindusthan National Glass & Industries Ltd

Hindusthan National Glass & Industries Ltd is the 6th largest Glass Manufacturing company in India with a market cap of  257.91 Cr. in 2020.

IndustryGlass Manufactufring
Founded1946
Chairman & MDShri Sanjay Somany

Hindusthan National Glass & Industries Ltd was founded by Mr. C K Somany in 1946 following the commissioning of India’s first fully automated glass manufacturing plant at Rishra (near Kolkata).

At present, it is the key player in India’s container glass industry with a pan India presence and its plants located at Rishra, Bahadurgarh, Rishikesh, Neemrana, Nashik and Puducherry.

BUSINESS SEGMENTS

The Company’s business is exclusively manufacturing and selling of Container Glass Bottles.

REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

Hindusthan National Glass & Industries Ltd REVENUE BREAK-UP BY GEOGRAPHY WISE(%)

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  257.91 Cr.
  • Current Price:  28.80
  • 52 weeks High / Low  49.00 / 21.00
  • Book Value:  -13.93
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 6.29 %
  • ROE: %
  • Sales Growth (3Yrs): 7.25 %

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales1,36022865.33%
Profit155-103
Share Price252.4128.80-19.51%

#7. Haldyn Glass Ltd

Haldyn Glass Ltd is the 7th largest Glass Manufacturing company in India with a market cap of  189.21 Cr. in 2020.

IndustryGlass Manufacturing
Founded1991
MDMr. T. N. Shetty

 

Haldyn Glass Ltd is engaged in the business of manufacturing glass containers.

Its products are mainly being supplied to liquor, food, and beverages and to personal care industries

PRODUCTS

  • Vials
  • Clear

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  189.21 Cr.
  • Current Price:  35.20
  • 52 weeks High / Low  40.00 / 16.60
  • Book Value:  28.17
  • Stock P/E: 18.00
  • Dividend Yield: 1.70 %
  • ROCE: 12.01 %
  • ROE: 9.14 %
  • Sales Growth (3Yrs): 16.60 %

FINANCIAL PERFORMANCE IN LAST 10 YEARS

YEAR20102020CAGR 
RETURN(%)
Sales1282295.99%
Profit1111
Share Price12.4535.2010.95%

All financial data is taken from www.screener.in

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