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Asahi India Glass Q3 Results Review - Profitability Remains Subdued Across Segments: ICICI Securities

In FY24E, we believe, elevated capex for its greenfield plant with subdued margins in tow would likely exacerbate free cash flow/RoCE and consequently restrain any major re-rating from current levels

<div class="paragraphs"><p>Automotive safety glass repair and replacement by Asahi India Glass Ltd. (Source: Company website)</p></div>
Automotive safety glass repair and replacement by Asahi India Glass Ltd. (Source: Company website)
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