3 Auto Glass, Stainless Steel and Ferro Alloy Stocks With a Strong Future Roadmap: Asahi India Glass, Mangalam Worldwide and Nava
- October 14, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Asahi India Glass Rs 937.05, P/E 54.54. Mangalam Worldwide Rs 40.65, P/E 23.11. Nava Rs 541.75, P/E 15.84. Closing prices of 13 Oct 2026.
Quick Answer
Auto glass, stainless steel and ferro alloy stocks with the clearest long-term roadmaps today include Asahi India Glass in automotive, float and building glass, Mangalam Worldwide in stainless steel products such as coils, sheets, pipes and tubes and Nava in ferro alloys and power, with operations in India and overseas. FY26 revenue growth was 8.7% at Asahi India Glass, 14.0% at Mangalam Worldwide and 8.3% at Nava. P/E stands at 54.54 for Asahi India Glass (industry 37.21), 23.11 for Mangalam Worldwide (industry 22.91) and 15.84 for Nava (industry 14.76). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company’s risks need equal attention.
Auto glass, stainless steel and ferro alloy stocks give investors exposure to glass, steel products and alloys that go into vehicles, buildings and steel making. Volumes, input costs and product mix decide how much of that demand turns into profit.
This list covers three auto glass, stainless steel and ferro alloy stocks: Asahi India Glass for automotive, float and building glass, Mangalam Worldwide for stainless steel products such as coils, sheets, pipes and tubes and Nava for ferro alloys and power, with operations in India and overseas. Every figure comes from the latest reported financials and the 13 October 2026 market close. Companies without complete current figures were left out.
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What Are Auto Glass, Stainless Steel and Ferro Alloy Stocks?
Auto glass, stainless steel and ferro alloy stocks are shares of companies that make glass, stainless steel products and alloys. Results depend on volumes, input costs and product mix, so input costs and product mix separate the stronger names.
Auto Glass, Stainless Steel and Ferro Alloy Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three auto glass, stainless steel and ferro alloy stocks as of the 13 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| Asahi India Glass | 937.05 | 23,958 | 54.54 | 37.21 | 8.77% | 0.56 |
| Mangalam Worldwide | 40.65 | 1,201 | 23.11 | 22.91 | 16.72% | 0.79 |
| Nava | 541.75 | 15,405 | 15.84 | 14.76 | 9.00% | 0.25 |
Among materials stocks, valuations sit close to their industry P/E multiples.
Why Do Auto Glass, Stainless Steel and Ferro Alloy Stocks Have a Strong Roadmap in India?
Auto glass, stainless steel and ferro alloy stocks have a strong roadmap in India because vehicle output, construction and steel capacity additions keep lifting demand for glass, stainless steel and alloys. Three drivers stand out.
- Vehicle and building use: Cars and buildings use more glass.
- Stainless steel use: Industry and consumer goods use coils and tubes.
- Alloy demand: Steel makers need ferro alloys for every tonne they produce.
Asahi India Glass: Auto and Building Glass Build the Next Leg
Asahi India Glass’ roadmap rests on automotive glass, float glass and building glass products, with vehicle production and construction demand supporting volumes.
Revenue grew from Rs 3,189.73 crore in FY22 to Rs 5,031.03 crore in FY26, a 57.7% rise, and FY26 revenue was 8.7% higher than FY25. FY26 net profit was Rs 345.06 crore. In Q1 FY27, revenue grew 14.5% to Rs 1,419.14 crore. Operating margin was 19.01% in FY26 and 23.73% in Q1 FY27 against 16.66% a year earlier.
Debt to equity is 0.56 and return on equity is 8.77%. FY26 operating cash flow was Rs 501.69 crore against capital expenditure of Rs 666.26 crore. At a P/E of 54.54 against an industry P/E of 37.21, the stock trades above its industry multiple.
What to watch: The P/E of 54.54 sits above the industry P/E of 37.21, so earnings delivery matters for the valuation.
Mangalam Worldwide: Stainless Steel Products Drive the Pipeline
Mangalam Worldwide’s roadmap rests on stainless steel products such as coils, sheets, pipes and tubes, with industrial and construction demand supporting volumes.
Revenue grew from Rs 523.32 crore in FY22 to Rs 1,214.99 crore in FY26, a 132.2% rise, and FY26 revenue was 14.0% higher than FY25. FY26 net profit was Rs 50.14 crore. In Q1 FY27, revenue grew 13.4% to Rs 316.86 crore, and net profit rose 18.7% to Rs 12.02 crore. Operating margin was 8.13% in FY26 and 9.40% in Q1 FY27 against 7.15% a year earlier.
Debt to equity is 0.79 and return on equity is 16.72%. FY26 operating cash flow was Rs 24.25 crore against capital expenditure of Rs 0.00 crore. Mangalam Worldwide paid a dividend of Rs 0.3 per share for FY26, a yield of 0.07%. At a P/E of 23.11 against an industry P/E of 22.91, the stock trades in line with its industry multiple.
What to watch: Net profit margin is only 4.1%, so small cost changes move earnings.
Nava: Ferro Alloys and Power Build the Next Leg
Nava’s roadmap rests on ferro alloys and power, with operations in India and overseas, and with captive power and a mix of alloy and energy income supporting stability.
Revenue grew from Rs 3,645.42 crore in FY22 to Rs 4,478.66 crore in FY26, a 22.9% rise, and FY26 revenue was 8.3% higher than FY25. FY26 net profit was Rs 1,039.96 crore. In Q1 FY27, revenue grew 2.9% to Rs 1,268.77 crore. Operating margin was 44.37% in FY26.
Debt to equity is 0.25 and return on equity is 9.00%. FY26 operating cash flow was Rs 2,312.33 crore against capital expenditure of Rs 1,807.19 crore. Nava paid a dividend of Rs 8.5 per share for FY26, a yield of 1.56%. At a P/E of 15.84 against an industry P/E of 14.76, the stock trades above its industry multiple.
What to watch: The P/E of 15.84 is a modest premium to the industry P/E of 14.76, so the next quarters’ growth is the figure to follow.
Best Auto Glass, Stainless Steel and Ferro Alloy Stocks in India: Asahi India Glass vs Mangalam Worldwide vs Nava on Key Financials
Among the best auto glass, stainless steel and ferro alloy stocks in India, Asahi India Glass leads on Q1 FY27 revenue growth; Mangalam Worldwide leads on FY26 revenue growth and return on equity; Nava leads on FY26 operating margin and the lowest P/E. The table puts the numbers side by side.
| Metric | Asahi India Glass | Mangalam Worldwide | Nava |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 5,031.03 | 1,214.99 | 4,478.66 |
| FY26 revenue growth | 8.7% | 14.0% | 8.3% |
| FY26 net profit (Rs Cr) | 345.06 | 50.14 | 1,039.96 |
| FY26 operating profit margin | 19.01% | 8.13% | 44.37% |
| Q1 FY27 revenue growth (YoY) | 14.5% | 13.4% | 2.9% |
| Return on equity | 8.77% | 16.72% | 9.00% |
| P/E ratio | 54.54 | 23.11 | 15.84 |
| Debt to equity | 0.56 | 0.79 | 0.25 |
| FY26 operating cash flow (Rs Cr) | 501.69 | 24.25 | 2,312.33 |
Materials earnings follow volumes, input costs and product mix, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Auto Glass, Stainless Steel and Ferro Alloy Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen auto glass, stainless steel and ferro alloy stocks and shortlist auto glass, stainless steel and ferro alloy stocks to buy.
- Compare each stock’s P/E with its industry P/E, which differs by company here.
- Check operating margin, debt and capacity plans together.
- Check whether revenue growth is turning into profit growth, not only sales.
- Read operating cash flow against capital expenditure to see how growth is funded.
- Watch debt to equity and interest cover before sizing a position.
- Spread exposure across companies and business lines instead of one demand cycle.
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Risks to Consider Before Investing in Auto Glass, Stainless Steel and Ferro Alloy Stocks
- Input costs: Swings in power and metal prices can affect margins.
- Demand cycles: Slower construction can affect volumes.
- Quarterly trends: A single weak quarter can change near-term earnings, so track results every quarter.
Download the Univest iOS App or Univest Android App to track Asahi India Glass, Mangalam Worldwide and Nava live.
Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.
Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.
Final Take: Which Stock Has the Strongest Roadmap?
These three materials stocks cover glass, stainless steel products and ferro alloys. Asahi India Glass leads on Q1 FY27 revenue growth; Mangalam Worldwide leads on FY26 revenue growth and return on equity; Nava leads on FY26 operating margin and the lowest P/E.
Across auto glass, stainless steel and ferro alloy stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the auto glass, stainless steel and ferro alloy stocks to buy discussed here.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Auto Glass, Stainless Steel and Ferro Alloy Stocks
Which are the best auto glass, stainless steel and ferro alloy stocks in India with a strong roadmap?
Ans. Asahi India Glass, Mangalam Worldwide and Nava stand out for their roadmaps in glass, stainless steel products and ferro alloys. FY26 revenue growth was 8.7% at Asahi India Glass, 14.0% at Mangalam Worldwide and 8.3% at Nava, and return on equity ranges from 8.77% to 16.72%.
Is Asahi India Glass a good stock to buy now?
Ans. Asahi India Glass has a debt to equity ratio of 0.56, a return on equity of 8.77% and a P/E of 54.54 against an industry P/E of 37.21. Valuation, input costs and demand cycles move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of Asahi India Glass, Mangalam Worldwide and Nava?
Ans. The P/E ratio is 54.54 for Asahi India Glass (industry 37.21), 23.11 for Mangalam Worldwide (industry 22.91) and 15.84 for Nava (industry 14.76). All of them trade at or above the industry multiple.
Which of these auto glass, stainless steel and ferro alloy stocks has the highest return on equity?
Ans. Mangalam Worldwide has the highest return on equity at 16.72%, followed by Nava at 9.00% and Asahi India Glass at 8.77%.
What are the risks of investing in auto glass, stainless steel and ferro alloy stocks?
Ans. The main risks are input costs, demand cycles and quarterly trends. Swings in power and metal prices can affect margins.
How did Asahi India Glass, Mangalam Worldwide and Nava perform in Q1 FY27?
Ans. Asahi India Glass reported revenue of Rs 1,419.14 crore, up 14.5% year on year. Mangalam Worldwide reported revenue of Rs 316.86 crore, up 13.4% year on year, and net profit rose 18.7% to Rs 12.02 crore. Nava reported revenue of Rs 1,268.77 crore, up 2.9% year on year.
Do auto glass, stainless steel and ferro alloy stocks pay dividends?
Ans. Mangalam Worldwide and Nava pay dividends. The dividend yield is 0.07% for Mangalam Worldwide and 1.56% for Nava, based on dividends declared for FY26.
How can I invest in auto glass, stainless steel and ferro alloy stocks in India?
Ans. You can buy auto glass, stainless steel and ferro alloy stocks through a demat and trading account on NSE or BSE after checking each company’s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.