ASK Automotive Ltd
ASKAUTOLTD NSE
ASK Automotive Ltd
AutomobilesNSE: ASKAUTOLTD BSE: 544022 Auto Components
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹12,798 Cr
Volatility
High Risk
P/E Ratio
39.77
EBITDA
₹551 Cr
Return on Equity
22.68%
Debt to Equity
0.52
Book Value
₹66.51
EPS
₹9.93
52W High
₹687.7
52W Low
₹375.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view ASK Automotive Ltd insights
40 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 24.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Weaknesses
1- Stock is trading at 9.76 times its book value
Growth Rate
Revenue Growth
16.15% ↘
Net Income Growth
20.07% ↗
Cash Flow Change
-16.38% ↘
ROE
-4.47% ↘
ROCE
-5.52% ↘
EBITDA Margin (Avg.)
6.92% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 4d agoAI opinion · based on fundamentals
Risk medium
ASK Automotive Ltd is a mid-cap auto components company with a market cap of ₹12,884 Cr trading at a PE of 40.6x. The company has demonstrated strong profit growth of ~25% CAGR over 5 years with consistent ROE of 25%, but trades at an elevated valuation of 9.79x book value.
Bull Case 8
- Strong profit growth CAGR of 24.7% over the last 5 years indicates consistent earnings expansion
- Consistent return on equity of 25% over 3 years reflects efficient capital allocation and high-quality earnings
- TTM sales growth of 28% suggests accelerating revenue momentum in the current period
- Compounded sales growth of 22% over 5 years demonstrates sustained demand for the company's products
- TTM profit growth of 23% shows continued earnings delivery in the trailing twelve months
- 3-year compounded profit growth of 34% outpaces the 3-year sales growth of 18%, indicating margin expansion
- Stock price CAGR of 40% over the last 1 year reflects strong market re-rating and investor confidence
- Company is expected to deliver a good upcoming quarter based on operational trends
Bear Case 7
- Price-to-book ratio of 9.79x is significantly elevated, leaving limited margin of safety if growth decelerates
- PE ratio of 40.6x is steep for an auto components company, pricing in substantial future growth
- Dividend yield of only 0.28% offers negligible income return to shareholders at current price levels
- TTM profit growth of 23% has decelerated from the 3-year CAGR of 34%, suggesting potential growth normalization
- Market cap of ₹12,884 Cr relative to the growth profile implies the stock is priced for near-flawless execution
- Auto sector is cyclical and any slowdown in two-wheeler or OEM demand could compress the 28% TTM sales growth rapidly
- Lack of available 10-year historical data on sales and profit growth limits visibility into long-term business resilience through full cycles
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2d ago Headwinds 1
- GST demand order ₹1.07 Cr Jul 17
ASK Automotive received a GST order demanding Rs 1.07 crore. The company plans to appeal the order, creating minor regulatory overhang.
Positives 5
- Q1FY27 profit surges 29% YoY Aug 4
Consolidated net profit rose 29% YoY to ₹85.12 crore in Q1FY27, with revenue surging to ₹1,358.11 crore. Board also appointed EY as internal auditor.
- CapEx raised to ₹700 Cr Aug 6
FY27 CapEx guidance upgraded to ~₹700 crore with revenue growth outlook raised to 'high teens', driven by new orders requiring a new plant in the South.
- 2W alloy wheel production starts Aug 4
Commercial production of HPDC alloy wheels for two-wheelers commenced on August 4, 2026. Alloy wheel orders projected at ₹70-90 crore for FY27, rising to ₹250 crore for FY28.
- EBITDA margins expected to improve Aug 6
EBITDA margins guided to improve to 13.5%-14% as aluminium prices stabilise. Aisin JV anticipated to turn slightly profitable by year-end.
- Ford export orders growing Aug 6
Ford export orders estimated at ₹40-45 crore this year, rising to ₹60 crore next year, adding diversification to the revenue mix.
Neutral 3
- 38th AGM held on Aug 7 Aug 7
Annual General Meeting held via video conference on August 7, 2026. Shareholders approved financials, dividends, and director reappointments.
- Q1FY27 earnings call scheduled Jul 28
Earnings call hosted on August 5, 2026, to discuss Q1FY27 standalone and consolidated financial results.
- Nuvama conference participation Jul 28
Management to attend 21st Nuvama India Investor Conference in Singapore on August 11-12, 2026.
TL;DR: ASK Automotive is firing on multiple cylinders — strong 29% profit growth, aggressive CapEx expansion to ₹700 crore, and successful entry into alloy wheels with a clear revenue ramp to ₹250 crore by FY28. Risks are minimal, limited to a small ₹1.07 crore GST dispute. The trend is clearly improving with margin expansion guidance, new product lines commercialising, and export orders scaling up.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 657 | 794 | 762 | 783 | 862 | 974 | 915 | 850 | 891 | 1,054 | 1,084 | 1,147 | 1,358 |
| Expenses | 593 | 719 | 682 | 700 | 762 | 857 | 804 | 746 | 772 | 917 | 943 | 1,015 | 1,200 |
| Operating Profit | 64 | 74 | 80 | 82 | 101 | 117 | 111 | 104 | 120 | 137 | 141 | 132 | 158 |
| OPM % | 10% | 9% | 11% | 11% | 12% | 12% | 12% | 12% | 13% | 13% | 13% | 12% | 12% |
| Other Income | 3 | 7 | 12 | 4 | 4 | 3 | 5 | 6 | 4 | 7 | 5 | 7 | 3 |
| Interest | 4 | 8 | 8 | 8 | 8 | 9 | 8 | 9 | 10 | 12 | 12 | 14 | 16 |
| Depreciation | 15 | 17 | 18 | 19 | 20 | 22 | 23 | 25 | 26 | 28 | 29 | 31 | 33 |
| PBT | 48 | 57 | 66 | 60 | 76 | 89 | 86 | 76 | 87 | 104 | 105 | 95 | 112 |
| Tax % | 27% | 28% | 24% | 20% | 25% | 25% | 23% | 24% | 24% | 23% | 24% | 25% | 24% |
| Net Profit | 35 | 41 | 50 | 48 | 57 | 67 | 66 | 58 | 66 | 80 | 80 | 72 | 85 |
| EPS in Rs | 1.77 | 2.09 | 2.53 | 2.42 | 2.88 | 3.41 | 3.34 | 2.92 | 3.35 | 4.05 | 4.05 | 3.63 | 4.32 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,785 | 1,645 | 1,544 | 2,013 | 2,555 | 2,995 | 3,601 | 4,176 | 4,643 |
| Expenses | 1,559 | 1,434 | 1,358 | 1,847 | 2,325 | 2,694 | 3,169 | 3,645 | 4,074 |
| Operating Profit | 226 | 211 | 186 | 166 | 231 | 301 | 432 | 531 | 569 |
| OPM % | 13% | 13% | 12% | 8% | 9% | 10% | 12% | 13% | 12% |
| Other Income | 12 | -6 | 19 | 11 | 11 | 27 | 18 | 22 | 22 |
| Interest | 20 | 20 | 11 | 8 | 11 | 29 | 34 | 48 | 54 |
| Depreciation | 37 | 52 | 52 | 56 | 61 | 69 | 89 | 114 | 121 |
| PBT | 181 | 133 | 143 | 113 | 170 | 230 | 327 | 391 | 416 |
| Tax % | 33% | 20% | 26% | 27% | 28% | 24% | 24% | 24% | — |
| Net Profit | 114 | 107 | 106 | 83 | 123 | 174 | 248 | 297 | 316 |
| EPS in Rs | 25.58 | 21.03 | 5.22 | 4.11 | 6.24 | 8.81 | 12.56 | 15.08 | 16.05 |
| Div. Payout % | 0% | 2% | 8% | 0% | 0% | 11% | 12% | 12% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 10 | 41 | 40 | 39 | 39 | 39 | 39 |
| Reserves | 415 | 509 | 582 | 592 | 604 | 777 | 1,004 | 1,272 |
| Borrowings | 307 | 149 | 54 | 175 | 328 | 346 | 412 | 679 |
| Other Liabilities | 234 | 206 | 246 | 298 | 310 | 402 | 469 | 567 |
| Total Liabilities | 965 | 874 | 922 | 1,106 | 1,281 | 1,565 | 1,924 | 2,557 |
| Fixed Assets | 560 | 607 | 603 | 738 | 726 | 992 | 1,267 | 1,566 |
| CWIP | 61 | 16 | 10 | 3 | 118 | 64 | 65 | 152 |
| Investments | 19 | 16 | 3 | 0 | 4 | 20 | 37 | 45 |
| Other Assets | 326 | 235 | 306 | 365 | 433 | 488 | 555 | 794 |
| Total Assets | 965 | 874 | 922 | 1,106 | 1,281 | 1,565 | 1,924 | 2,557 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | 176 | 247 | 136 | 144 | 139 | 303 | 360 | 301 |
| Investing | -297 | -60 | -6 | -80 | -161 | -278 | -339 | -479 |
| Financing | 119 | -186 | -115 | -81 | 23 | -16 | -14 | 171 |
| Net Cash Flow | -3 | 2 | 15 | -17 | 1 | 10 | 8 | -7 |
| Free Cash Flow | -88 | 219 | 104 | 59 | -11 | 23 | 30 | -175 |
| CFO/OP | 98 | 132 | 91 | 105 | 79 | 122 | 100 | 71 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 16 | 31 | 36 | 30 | 26 | 20 | 26 |
| Inventory Days | 31 | 33 | 41 | 33 | 31 | 32 | 34 | 41 |
| Days Payable | 39 | 34 | 55 | 47 | 35 | 47 | 43 | 49 |
| Cash Conversion Cycle | 26 | 14 | 18 | 22 | 27 | 11 | 11 | 18 |
| Working Capital Days | -2 | -5 | 13 | 5 | 4 | 2 | -1 | 2 |
| ROCE % | — | 23% | 21% | 16% | 20% | 24% | 28% | 25% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Schedule of Earnings call to discuss the Financial Results, both Standalone and Consolidated, for the quarter and financial year ended on March 31, 2026. 2d - Of Schedule of Earnings call to discuss the Financial Results, both Standalone and Consolidated, for the quarter and financial year ended on March 31, 2026.
2
Board Meeting Intimation for Approval Of Audited Financial Results (Both Standalone And Consolidated) For The Quarter And Financial Year Ended March 31, 2026
6 May - Board meeting on May 19, 2026 to approve FY26 results and consider final dividend. 6 May - Board meeting on May 19, 2026 to approve FY26 results and consider final dividend.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Regulation 74(5) compliance certificate for quarter ended March 31, 2026; no demat or remat requests received. 9 Apr - Regulation 74(5) compliance certificate for quarter ended March 31, 2026; no demat or remat requests received.
4
Closure of Trading Window
27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after FY2026 audited results. 27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after FY2026 audited results.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Mar - Schedule of Institutional Investor/ Analyst meetings under SEBI (LODR) Regulations, 2015 17 Mar - Schedule of Institutional Investor/ Analyst meetings under SEBI (LODR) Regulations, 2015
Frequently Asked Questions about ASK Automotive Ltd
What does ASK Automotive Ltd do?
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.[1]
Where is ASK Automotive Ltd (ASKAUTOLTD) listed?
ASK Automotive Ltd is listed on the Indian stock exchanges. It is listed on NSE: ASKAUTOLTD and BSE: 544022. You can view its live share price, financials, and ratios on Tapetide.
Which sector does ASK Automotive Ltd belong to?
ASK Automotive Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of ASK Automotive Ltd?
ASK Automotive Ltd has a market capitalisation of approximately ₹12797.51 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of ASK Automotive Ltd?
The Price-to-Earnings (PE) ratio of ASK Automotive Ltd is 39.77. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of ASK Automotive Ltd?
Over the past 52 weeks, ASK Automotive Ltd has traded between a low of ₹375.3 and a high of ₹687.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does ASK Automotive Ltd pay dividends?
Yes, ASK Automotive Ltd has a dividend yield of 0.28%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of ASK Automotive Ltd?
ASK Automotive Ltd has a Return on Equity (ROE) of 22.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research ASK Automotive Ltd on Tapetide?
On Tapetide, you can view ASK Automotive Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.[1]
Website askbrake.com
CEO Mr. Kuldip Singh Rathee
Employees 1,571
Listed 2023-11-15
Face Value ₹ 2
Issued Size 19,71,42,600