🪟Agarwal Float Glass – From Traders to Glassmakers… Sorta.
Date of Publishing -
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At a Glance
Agarwal Float Glass started life as a glass trader but now wants to be a mini-Asahi India Glass. With a market cap of ₹35 Cr, rights issue in progress, and OPM swinging like a pendulum, it’s SME drama at its finest. The stock’s 52% crash from highs is a clear case of tempered expectations.
1. 🧠 Introduction with Hook
From bulk trading to glass processing and art design, Agarwal Float Glass (AGARWALFT) wants to shine in the industrial glass segment — just like your bathroom mirror after Windex.
But…
Glass breaks
Margins break
And so did the share price — down –52% from its ₹104 peak to ₹48.
SME IPO euphoria’s over. Let’s see what remains behind the shattered dreams.
2. 🛠️ WTF Do They Even Do?
Agarwal Float isn’t a manufacturer — it’s a glass trader (till recently).
Procures sheet glass & toughened glass from large suppliers
Resells through channel partners or direct sales managers
In FY24-25: Set up their own glass processing unit (cutting, polishing, art design)
