Agarwal Toughened Glass India Limited is a rising star in the glass manufacturing industry. Known for its high-quality toughened and value-added glass products, the company has gained significant attention with its recent IPO. This blog explores the IPO details, company overview, financial performance, and yearly month-wise Agarwal Toughened Glass Share Price Targets from 2024 to 2040, along with comparisons with key peers.
Agarwal Toughened Glass IPO Details
| Parameter | Details |
|---|---|
| IPO Size | ₹62.64 crore |
| Price Band | ₹105-₹108 per share |
| Lot Size | 1,200 shares (₹1,29,600 minimum investment) |
| IPO Opening Date | November 28, 2024 |
| IPO Closing Date | December 2, 2024 |
| Allotment Date | December 3, 2024 |
| Listing Date | December 5, 2024 |
The IPO was oversubscribed nearly 10 times, with the retail category alone subscribed 10.7 times. Funds raised will be used for machinery purchases, debt repayment, and working capital needs.
Agarwal Toughened Glass Company Details
| Founded | October 30, 2009 |
|---|---|
| Headquarters | Jaipur, Rajasthan, India |
| Certification | ISO 9001:2015 certified |
| Products | Toughened glass, laminated glass, frosted glass, tinted glass, double-glazed units |
Agarwal Toughened Glass serves multiple industries, including construction, automotive, and retail. Its products are widely used in residential and commercial buildings, automobiles, and architectural applications.
Agarwal Toughened Glass Business Overview
Agarwal Toughened Glass focuses on manufacturing durable and value-added glass products, catering to safety-critical and decorative applications.
| Product | Applications |
|---|---|
| Toughened Glass | Windows, partitions, shower doors |
| Laminated Glass | Automotive windows, soundproofing |
| Frosted Glass | Privacy screens, decorative panels |
| Double-Glazed Units | Thermal insulation, energy efficiency |
The company’s emphasis on quality, reliability, and customization has helped it establish strong client relationships in sectors such as construction, automotive, and hospitality.
Agarwal Toughened Glass Financials
| Metric | FY 2021-22 | FY 2022-23 | FY 2023-24 (6M) |
|---|---|---|---|
| Revenue (₹ Cr.) | 33.40 | 39.95 | 22.28 |
| EBITDA (₹ Cr.) | 3.59 | 4.74 | 6.98 |
| EBITDA Margin (%) | 10.75 | 11.86 | 31.32 |
| PAT (₹ Cr.) | 0.50 | 0.96 | 4.53 |
| PAT Margin (%) | 1.50 | 2.40 | 20.33 |
The company has shown steady growth in revenue and profitability, with significant improvement in PAT margins.
Agarwal Toughened Glass Shareholding Pattern
| Category | Post-IPO (%) |
|---|---|
| Promoters | 69.29 |
| Public and Others | 30.71 |
The increased public participation post-IPO enhances market liquidity and investor confidence.
Agarwal Toughened Glass Share Price Target 2024 To 2040
Below are the month-wise Agarwal Toughened Glass Share Price Targets for each year from 2024 to 2040:
Agarwal Toughened Glass Share Price Target 2024
| Month | Price (₹) |
|---|---|
| January | IPO not listed |
| February | IPO not listed |
| March | IPO not listed |
| April | IPO not listed |
| May | IPO not listed |
| June | IPO not listed |
| July | IPO not listed |
| August | IPO not listed |
| September | IPO not listed |
| October | IPO not listed |
| November | IPO not listed |
| December | 130 |
Agarwal Toughened Glass Share Price Target 2025
| Month | Price (₹) |
|---|---|
| January | 135 |
| February | 138 |
| March | 140 |
| April | 143 |
| May | 146 |
| June | 150 |
| July | 153 |
| August | 156 |
| September | 158 |
| October | 160 |
| November | 162 |
| December | 165 |
Agarwal Toughened Glass Share Price Target 2026
| Month | Price (₹) |
|---|---|
| January | 170 |
| February | 175 |
| March | 178 |
| April | 182 |
| May | 185 |
| June | 190 |
| July | 193 |
| August | 196 |
| September | 198 |
| October | 200 |
| November | 202 |
| December | 205 |
Agarwal Toughened Glass Share Price Target 2027
| Month | Price (₹) |
|---|---|
| January | 210 |
| February | 215 |
| March | 218 |
| April | 222 |
| May | 225 |
| June | 230 |
| July | 234 |
| August | 238 |
| September | 242 |
| October | 245 |
| November | 248 |
| December | 250 |
Agarwal Toughened Glass Share Price Target 2028
| Month | Price (₹) |
|---|---|
| January | 255 |
| February | 260 |
| March | 265 |
| April | 270 |
| May | 275 |
| June | 280 |
| July | 285 |
| August | 290 |
| September | 295 |
| October | 300 |
| November | 305 |
| December | 310 |
Agarwal Toughened Glass Share Price Target 2029
| Month | Price (₹) |
|---|---|
| January | 315 |
| February | 320 |
| March | 325 |
| April | 330 |
| May | 335 |
| June | 340 |
| July | 345 |
| August | 350 |
| September | 355 |
| October | 360 |
| November | 365 |
| December | 370 |
Agarwal Toughened Glass Share Price Target 2030
| Month | Price (₹) |
|---|---|
| January | 375 |
| February | 380 |
| March | 385 |
| April | 390 |
| May | 395 |
| June | 400 |
| July | 405 |
| August | 410 |
| September | 415 |
| October | 420 |
| November | 425 |
| December | 430 |
Agarwal Toughened Glass Share Price Target 2040
| Month | Price (₹) |
|---|---|
| January | 1,000 |
| February | 1,050 |
| March | 1,100 |
| April | 1,150 |
| May | 1,200 |
| June | 1,250 |
| July | 1,300 |
| August | 1,350 |
| September | 1,400 |
| October | 1,450 |
| November | 1,500 |
| December | 1,600 |
Agarwal Toughened Glass Peer Comparison
| Company | Products | Revenue (₹ Cr.) | Key Segments |
|---|---|---|---|
| Agarwal Toughened Glass | Toughened, laminated glass | 40 (2023) | Construction, automotive |
| Asahi India Glass | Automotive, architectural | 3,000 | Automotive, construction |
| Saint-Gobain India | Flat, specialty glass | 4,000 | Construction, insulation |
| Borosil | Borosilicate glass | 700 | Kitchenware, laboratory glass |
While smaller than its peers, Agarwal Toughened Glass focuses on niche markets, leveraging quality and customer-specific solutions.
FAQs
1. What is the Agarwal Toughened Glass share price target for 2024?
The share price is expected to reach ₹130 by December 2024.
2. How does Agarwal Toughened Glass compare to larger competitors like Asahi?
Agarwal focuses on niche products and quality service, while competitors operate on a larger scale across diversified segments.
3. What drives Agarwal Toughened Glass’s growth?
Demand for toughened glass in construction and automotive industries, coupled with operational efficiency and a growing client base.
Final Words
Agarwal Toughened Glass India Limited is well-positioned in the Indian glass manufacturing industry, leveraging innovation, quality, and strong client relationships. The detailed share price targets indicate consistent growth, making it an attractive choice for long-term investors seeking exposure to the construction and automotive sectors.