{"id":312744,"date":"2026-10-16T10:26:58","date_gmt":"2026-10-16T04:56:58","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312744"},"modified":"2026-10-16T10:26:58","modified_gmt":"2026-10-16T04:56:58","slug":"auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/","title":{"rendered":"3 Auto Glass, Steel Pipe and Ferro Chrome Stocks With a Strong Future Roadmap: Asahi India Glass, Surya Roshni and Indian Metals &#038; Ferro Alloys"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Asahi India Glass Rs 925.90, P\/E 54.54. Surya Roshni Rs 212.52, P\/E 14.87. IMFA Rs 1,199.60, P\/E 11.97. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Auto glass, steel pipe and ferro chrome stocks with the clearest long-term roadmaps today include Asahi India Glass in automotive glass, float glass and building glass products, Surya Roshni in steel pipes and strips, LED lighting and fans for homes, builders and infrastructure projects and IMFA in ferro chrome produced in Odisha with captive chrome ore and power. FY26 revenue growth was 8.7% at Asahi India Glass, 1.7% at Surya Roshni and 9.9% at IMFA. P\/E stands at 54.54 for Asahi India Glass (industry 37.21), 14.87 for Surya Roshni (industry 47.18) and 11.97 for IMFA (industry 11.32). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Auto glass, steel pipe and ferro chrome stocks give investors exposure to glass, pipes and alloys used in vehicles, buildings and steelmaking. Volumes, commodity prices and costs decide how much of that demand turns into profit.<\/p>\n<p>This list covers three auto glass, steel pipe and ferro chrome stocks: Asahi India Glass for automotive glass, float glass and building glass products, Surya Roshni for steel pipes and strips, LED lighting and fans for homes, builders and infrastructure projects and Indian Metals &amp; Ferro Alloys for ferro chrome produced in Odisha with captive chrome ore and power. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#What_Are_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\" title=\"What Are Auto Glass, Steel Pipe and Ferro Chrome Stocks?\">What Are Auto Glass, Steel Pipe and Ferro Chrome Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_at_a_Glance\" title=\"Auto Glass, Steel Pipe and Ferro Chrome Stocks at a Glance\">Auto Glass, Steel Pipe and Ferro Chrome Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Why_Do_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Auto Glass, Steel Pipe and Ferro Chrome Stocks Have a Strong Roadmap in India?\">Why Do Auto Glass, Steel Pipe and Ferro Chrome Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Asahi_India_Glass_Auto_and_Building_Glass_Build_the_Next_Leg\" title=\"Asahi India Glass: Auto and Building Glass Build the Next Leg\">Asahi India Glass: Auto and Building Glass Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Surya_Roshni_Pipes_and_Lighting_Build_the_Next_Leg\" title=\"Surya Roshni: Pipes and Lighting Build the Next Leg\">Surya Roshni: Pipes and Lighting Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Indian_Metals_Ferro_Alloys_Ferro_Chrome_With_Captive_Inputs_Drives_the_Pipeline\" title=\"Indian Metals &amp; Ferro Alloys: Ferro Chrome With Captive Inputs Drives the Pipeline\">Indian Metals &amp; Ferro Alloys: Ferro Chrome With Captive Inputs Drives the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Best_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_in_India_Asahi_India_Glass_vs_Surya_Roshni_vs_IMFA_on_Key_Financials\" title=\"Best Auto Glass, Steel Pipe and Ferro Chrome Stocks in India: Asahi India Glass vs Surya Roshni vs IMFA on Key Financials\">Best Auto Glass, Steel Pipe and Ferro Chrome Stocks in India: Asahi India Glass vs Surya Roshni vs IMFA on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#How_to_Evaluate_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Auto Glass, Steel Pipe and Ferro Chrome Stocks to Buy Before You Invest\">How to Evaluate Auto Glass, Steel Pipe and Ferro Chrome Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Risks_to_Consider_Before_Investing_in_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\" title=\"Risks to Consider Before Investing in Auto Glass, Steel Pipe and Ferro Chrome Stocks\">Risks to Consider Before Investing in Auto Glass, Steel Pipe and Ferro Chrome Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#FAQs_on_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\" title=\"FAQs on Auto Glass, Steel Pipe and Ferro Chrome Stocks\">FAQs on Auto Glass, Steel Pipe and Ferro Chrome Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Which_are_the_best_auto_glass_steel_pipe_and_ferro_chrome_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best auto glass, steel pipe and ferro chrome stocks in India with a strong roadmap?\">Which are the best auto glass, steel pipe and ferro chrome stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Is_Asahi_India_Glass_a_good_stock_to_buy_now\" title=\"Is Asahi India Glass a good stock to buy now?\">Is Asahi India Glass a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#What_is_the_PE_ratio_of_Asahi_India_Glass_Surya_Roshni_and_IMFA\" title=\"What is the P\/E ratio of Asahi India Glass, Surya Roshni and IMFA?\">What is the P\/E ratio of Asahi India Glass, Surya Roshni and IMFA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Which_of_these_auto_glass_steel_pipe_and_ferro_chrome_stocks_has_the_highest_return_on_equity\" title=\"Which of these auto glass, steel pipe and ferro chrome stocks has the highest return on equity?\">Which of these auto glass, steel pipe and ferro chrome stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#What_are_the_risks_of_investing_in_auto_glass_steel_pipe_and_ferro_chrome_stocks\" title=\"What are the risks of investing in auto glass, steel pipe and ferro chrome stocks?\">What are the risks of investing in auto glass, steel pipe and ferro chrome stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#How_did_Asahi_India_Glass_Surya_Roshni_and_IMFA_perform_in_Q1_FY27\" title=\"How did Asahi India Glass, Surya Roshni and IMFA perform in Q1 FY27?\">How did Asahi India Glass, Surya Roshni and IMFA perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#Do_auto_glass_steel_pipe_and_ferro_chrome_stocks_pay_dividends\" title=\"Do auto glass, steel pipe and ferro chrome stocks pay dividends?\">Do auto glass, steel pipe and ferro chrome stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/auto-glass-steel-pipe-and-ferro-chrome-stocks-roadmap-summit-list\/#How_can_I_invest_in_auto_glass_steel_pipe_and_ferro_chrome_stocks_in_India\" title=\"How can I invest in auto glass, steel pipe and ferro chrome stocks in India?\">How can I invest in auto glass, steel pipe and ferro chrome stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\"><\/span><strong>What Are Auto Glass, Steel Pipe and Ferro Chrome Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Auto glass, steel pipe and ferro chrome stocks are shares of companies that supply materials and products to construction and industry. Results depend on volumes, prices and costs, so margins and debt separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_at_a_Glance\"><\/span><strong>Auto Glass, Steel Pipe and Ferro Chrome Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three auto glass, steel pipe and ferro chrome stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/asahiindia\/asahi-india-glass-ltd-share-price-today\">Asahi India Glass<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">925.90<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23,958<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">54.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.21<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.77%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.56<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/suryarosni\/surya-roshni-ltd-share-price-today\">Surya Roshni<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">212.52<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,637<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.85%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/imfa\/indian-metals-ferro-alloys-ltd-share-price-today\">Indian Metals &amp; Ferro Alloys<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,199.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,282<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.97<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.32<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.61%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.35<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among materials stocks, Asahi India Glass and IMFA trade at a premium to the industry P\/E, while Surya Roshni trades at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Auto Glass, Steel Pipe and Ferro Chrome Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Auto glass, steel pipe and ferro chrome stocks have a strong roadmap in India because vehicle output, housing activity and stainless steel production keep adding volumes for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Vehicle output:<\/strong> Carmakers need windshields and window glass for every vehicle.<\/li>\n<li><strong>Housing activity:<\/strong> New homes use steel pipes, lights and fans.<\/li>\n<li><strong>Stainless steel:<\/strong> Steelmakers need ferro chrome for stainless grades.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Asahi_India_Glass_Auto_and_Building_Glass_Build_the_Next_Leg\"><\/span><strong>Asahi India Glass: Auto and Building Glass Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asahi India Glass&#8217; roadmap rests on automotive glass, float glass and building glass products, with vehicle production and construction demand supporting volumes.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Surya_Roshni_Pipes_and_Lighting_Build_the_Next_Leg\"><\/span><strong>Surya Roshni: Pipes and Lighting Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Surya Roshni&#8217;s roadmap rests on steel pipes and strips, LED lighting and fans for homes, builders and infrastructure projects, with a mix of building and lighting products supporting volumes.<\/p>\n<p>FY26 revenue was Rs 7,594.39 crore, 1.7% higher than FY25. FY26 net profit was Rs 285.81 crore. In Q1 FY27, revenue grew 27.0% to Rs 2,054.48 crore. Operating margin was 7.18% in FY26 and 5.88% in Q1 FY27 against 5.15% a year earlier.<\/p>\n<p>Debt to equity is 0.03 and return on equity is 10.85%. FY26 operating cash flow was Rs 400.66 crore against capital expenditure of Rs 159.76 crore. Surya Roshni paid a dividend of Rs 5 per share for FY26, a yield of 2.35%. At a P\/E of 14.87 against an industry P\/E of 47.18, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Net profit margin is only 3.8%, so small cost changes move earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indian_Metals_Ferro_Alloys_Ferro_Chrome_With_Captive_Inputs_Drives_the_Pipeline\"><\/span><strong>Indian Metals &amp; Ferro Alloys: Ferro Chrome With Captive Inputs Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IMFA&#8217;s roadmap rests on ferro chrome produced in Odisha with captive chrome ore and power, with stainless steel demand and in-house raw materials supporting margins.<\/p>\n<p>Revenue grew from Rs 2,619.55 crore in FY22 to Rs 2,891.78 crore in FY26, a 10.4% rise, and FY26 revenue was 9.9% higher than FY25. FY26 net profit rose 12.0% to Rs 424.72 crore. In Q1 FY27, revenue grew 46.7% to Rs 973.36 crore. Operating margin was 23.09% in FY26 and 30.63% in Q1 FY27 against 22.98% a year earlier.<\/p>\n<p>Debt to equity is 0.35 and return on equity is 15.61%. FY26 operating cash flow was Rs 318.09 crore against capital expenditure of Rs 1,335.49 crore. IMFA paid a dividend of Rs 12.5 per share for FY26, a yield of 1.07%. At a P\/E of 11.97 against an industry P\/E of 11.32, the stock trades above its industry multiple.<\/p>\n<p>What to watch: Q1 FY27 operating margin was 30.63% against 23.09% for FY26, so margin stability is the figure to follow as volumes grow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_in_India_Asahi_India_Glass_vs_Surya_Roshni_vs_IMFA_on_Key_Financials\"><\/span><strong>Best Auto Glass, Steel Pipe and Ferro Chrome Stocks in India: Asahi India Glass vs Surya Roshni vs IMFA on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best auto glass, steel pipe and ferro chrome stocks in India, Asahi India Glass ranks second on FY26 revenue growth and FY26 operating margin; Surya Roshni leads on the lowest debt to equity; IMFA leads on FY26 revenue growth and FY26 operating margin. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Asahi India Glass<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Surya Roshni<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">IMFA<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,031.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,594.39<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,891.78<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">345.06<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">285.81<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">424.72<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.01%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.18%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.09%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.77%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.85%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.61%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">54.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.97<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">501.69<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">400.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">318.09<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Materials earnings follow volumes, prices and costs, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Auto Glass, Steel Pipe and Ferro Chrome Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen auto glass, steel pipe and ferro chrome stocks and shortlist auto glass, steel pipe and ferro chrome stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check operating margin, debt and cash flow together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these auto glass, steel pipe and ferro chrome stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\"><\/span><strong>Risks to Consider Before Investing in Auto Glass, Steel Pipe and Ferro Chrome Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Commodity prices:<\/strong> Swings in prices can affect margins.<\/li>\n<li><strong>Demand cycles:<\/strong> Construction and industrial activity can shift volumes.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Asahi India Glass, Surya Roshni and IMFA live.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three materials stocks cover glass, pipes and ferro chrome. Asahi India Glass ranks second on FY26 revenue growth and FY26 operating margin; Surya Roshni leads on the lowest debt to equity; IMFA leads on FY26 revenue growth and FY26 operating margin.<\/p>\n<p>Across auto glass, steel pipe and ferro chrome 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, steel pipe and ferro chrome stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Auto_Glass_Steel_Pipe_and_Ferro_Chrome_Stocks\"><\/span><strong>FAQs on Auto Glass, Steel Pipe and Ferro Chrome Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_auto_glass_steel_pipe_and_ferro_chrome_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best auto glass, steel pipe and ferro chrome stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asahi India Glass, Surya Roshni and Indian Metals &amp; Ferro Alloys stand out for their roadmaps in glass, pipes and ferro chrome. FY26 revenue growth was 8.7% at Asahi India Glass, 1.7% at Surya Roshni and 9.9% at IMFA, and return on equity ranges from 8.77% to 15.61%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Asahi_India_Glass_a_good_stock_to_buy_now\"><\/span><strong>Is Asahi India Glass a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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, commodity prices and volumes move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Asahi_India_Glass_Surya_Roshni_and_IMFA\"><\/span><strong>What is the P\/E ratio of Asahi India Glass, Surya Roshni and IMFA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 54.54 for Asahi India Glass (industry 37.21), 14.87 for Surya Roshni (industry 47.18) and 11.97 for IMFA (industry 11.32). Only Asahi India Glass and IMFA trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_auto_glass_steel_pipe_and_ferro_chrome_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these auto glass, steel pipe and ferro chrome stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indian Metals &amp; Ferro Alloys has the highest return on equity at 15.61%, followed by Surya Roshni at 10.85% and Asahi India Glass at 8.77%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_auto_glass_steel_pipe_and_ferro_chrome_stocks\"><\/span><strong>What are the risks of investing in auto glass, steel pipe and ferro chrome stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are commodity prices, demand cycles and quarterly trends. Swings in prices can affect margins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Asahi_India_Glass_Surya_Roshni_and_IMFA_perform_in_Q1_FY27\"><\/span><strong>How did Asahi India Glass, Surya Roshni and IMFA perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asahi India Glass reported revenue of Rs 1,419.14 crore, up 14.5% year on year. Surya Roshni reported revenue of Rs 2,054.48 crore, up 27.0% year on year. Indian Metals &amp; Ferro Alloys reported revenue of Rs 973.36 crore, up 46.7% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_auto_glass_steel_pipe_and_ferro_chrome_stocks_pay_dividends\"><\/span><strong>Do auto glass, steel pipe and ferro chrome stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Surya Roshni and IMFA pay dividends. The dividend yield is 2.35% for Surya Roshni and 1.07% for IMFA, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_auto_glass_steel_pipe_and_ferro_chrome_stocks_in_India\"><\/span><strong>How can I invest in auto glass, steel pipe and ferro chrome stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy auto glass, steel pipe and ferro chrome stocks through a demat and trading account on NSE or BSE after checking each company&#8217;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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best auto glass, steel pipe and ferro chrome stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asahi India Glass, Surya Roshni and Indian Metals & Ferro Alloys stand out for their roadmaps in glass, pipes and ferro chrome. FY26 revenue growth was 8.7% at Asahi India Glass, 1.7% at Surya Roshni and 9.9% at IMFA, and return on equity ranges from 8.77% to 15.61%.\"}},{\"@type\":\"Question\",\"name\":\"Is Asahi India Glass a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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. 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Surya Roshni reported revenue of Rs 2,054.48 crore, up 27.0% year on year. Indian Metals & Ferro Alloys reported revenue of Rs 973.36 crore, up 46.7% year on year.\"}},{\"@type\":\"Question\",\"name\":\"Do auto glass, steel pipe and ferro chrome stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Surya Roshni and IMFA pay dividends. The dividend yield is 2.35% for Surya Roshni and 1.07% for IMFA, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in auto glass, steel pipe and ferro chrome stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy auto glass, steel pipe and ferro chrome 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asahi India Glass, Surya Roshni and Indian Metals &#038; Ferro Alloys compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":34,"featured_media":312741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7506,12033,12740,12741,12133],"class_list":["post-312744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-asahi-india-glass","tag-auto-glass","tag-steel-pipe-and-ferro-chrome-stocks","tag-steel-pipe-and-ferro-chrome-stocks-to-buy","tag-surya-roshni"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["312741"],"rank_math_title":["Auto Glass, Steel Pipe and Ferro Chrome Stocks"],"rank_math_description":["Auto glass, steel pipe and ferro chrome stocks with a strong roadmap: Asahi India Glass, Surya Roshni and IMFA compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["auto glass, steel pipe and ferro chrome stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-auto-glass-steel-pipe-and-ferro-chrome-stocks-with-a-strong-future-roadmap.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=312744"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312744\/revisions"}],"predecessor-version":[{"id":312745,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312744\/revisions\/312745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/312741"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=312744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=312744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=312744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}