Automotive Stampings & Assemblies Ltd

Automotive Stampings & Assemblies Ltd

₹ 512 -1.65%
30 Apr - close price
About

Incorporated in 1990, Automotive Stampings and Assemblies Ltd is in the business of Stampings, Fabrication, and welding of Auto Components[1]

Key Points

Business Overview:[1]
ASAL, a part of Tata AutoComp Systems Ltd (TACO), is a key supplier of sheet-metal stampings, welded assemblies, and modules for Tata Motors’ passenger and commercial vehicles. As of December 2024, Tata Motors Ltd (TML) holds a 36% stake in the commercial vehicle market, while Tata Motors Passenger Vehicles Ltd (TMPVL) leads the passenger EV segment with a 65% market share and holds a 13.3% share in the overall passenger vehicle segment.

  • Market Cap 812 Cr.
  • Current Price 512
  • High / Low 656 / 374
  • Stock P/E 28.2
  • Book Value 22.8
  • Dividend Yield 0.00 %
  • ROCE 25.4 %
  • ROE 128 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 24.3% CAGR over last 5 years

Cons

  • Stock is trading at 22.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
210 219 212 216 232 192 197 198 188 173 212 250 256
200 208 201 204 217 180 186 187 175 162 199 233 237
Operating Profit 10 11 12 12 16 12 11 12 13 11 13 17 18
OPM % 5% 5% 5% 6% 7% 6% 6% 6% 7% 6% 6% 7% 7%
1 0 0 0 0 0 2 1 0 1 1 -1 1
Interest 4 4 4 4 4 4 4 4 4 4 4 4 3
Depreciation 4 4 4 4 4 5 5 5 5 5 5 5 5
Profit before tax 3 4 4 5 8 4 4 4 5 3 4 7 11
Tax % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -24%
3 4 4 5 8 4 4 4 5 3 4 7 13
EPS in Rs 2.12 2.41 2.52 2.99 4.80 2.52 2.70 2.25 3.11 1.60 2.77 4.71 8.37
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
290 263 304 331 482 362 339 608 828 880 775 891
297 266 303 356 470 372 339 592 796 830 727 832
Operating Profit -6 -3 1 -25 12 -10 0 16 33 51 48 58
OPM % -2% -1% 0% -8% 2% -3% 0% 3% 4% 6% 6% 7%
0 1 15 0 2 21 0 62 2 1 3 1
Interest 8 9 9 11 16 17 18 15 13 15 15 14
Depreciation 10 10 9 10 10 11 11 11 14 16 20 20
Profit before tax -24 -21 -3 -47 -13 -17 -30 52 8 20 17 25
Tax % -5% -0% -0% -0% -0% 1% -0% -0% -0% -0% -0% -10%
-23 -21 -3 -47 -13 -17 -30 52 8 20 17 28
EPS in Rs -14.61 -13.11 -1.81 -29.35 -7.96 -10.72 -18.72 32.97 5.25 12.71 10.58 17.45
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 13%
5 Years: 21%
3 Years: 2%
TTM: 15%
Compounded Profit Growth
10 Years: 13%
5 Years: 24%
3 Years: 52%
TTM: 81%
Stock Price CAGR
10 Years: 29%
5 Years: 74%
3 Years: 14%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 128%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 27 5 2 -45 -57 -75 -105 -52 -43 -23 -7 20
64 97 93 103 146 147 158 82 83 105 149 124
63 88 94 103 139 97 105 135 170 188 137 175
Total Liabilities 169 206 205 177 243 185 175 181 226 285 294 335
113 105 110 104 105 99 84 90 93 115 118 102
CWIP 1 8 3 0 4 4 1 3 0 3 0 1
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
55 94 92 73 135 82 90 88 132 167 176 232
Total Assets 169 206 205 177 243 185 175 181 226 285 294 335

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8 -14 18 4 -21 8 4 44 25 31 -7 59
-3 -7 -7 -3 -6 11 3 91 -14 -12 -16 -6
-6 24 -13 -1 28 -19 -7 -132 -12 -20 25 -39
Net Cash Flow 0 2 -2 0 0 -0 -0 4 -1 -1 3 15
Free Cash Flow 6 -22 10 1 -27 19 7 136 10 19 -22 53
CFO/OP -146% 458% 1,545% -19% -186% -86% 11,600% 289% 70% 63% -13% 101%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23 64 60 35 49 32 34 14 20 30 43 40
Inventory Days 39 38 41 40 53 41 52 30 28 35 35 48
Days Payable 77 92 107 102 92 92 109 82 76 81 65 79
Cash Conversion Cycle -15 10 -6 -27 10 -19 -23 -38 -28 -16 13 9
Working Capital Days -51 -67 -51 -106 -95 -138 -149 -61 -40 -30 -30 -17
ROCE % -14% -11% -6% -38% 4% -22% -14% 12% 41% 46% 24% 25%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Material Cost as % of Sales
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Direct Employee Strength
Numbers
Number of Manufacturing Facilities
Units
Sales to Anchor Customer: Tata Motors Group
INR Lakhs
Revenue Concentration - Sales to Related Parties
% of Revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.00% 0.00% 0.00% 0.09% 0.09% 0.01% 0.00% 0.10% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.00% 25.01% 25.00% 24.92% 24.93% 24.98% 24.99% 24.90% 24.98% 24.98% 25.00% 24.99%
No. of Shareholders 33,07732,40631,12529,99233,69135,39535,48136,17536,85636,43634,63433,571

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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