ASK Automotive Ltd
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.[1]
- Market Cap ₹ 8,992 Cr.
- Current Price ₹ 458
- High / Low ₹ 578 / 333
- Stock P/E 43.1
- Book Value ₹ 57.6
- Dividend Yield 0.33 %
- ROCE 29.3 %
- ROE 22.1 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 7.96 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,578 | 1,785 | 1,645 | 1,544 | 2,013 | 2,555 | 2,926 | 3,220 | 3,102 | |
| 1,395 | 1,559 | 1,434 | 1,358 | 1,842 | 2,317 | 2,643 | 2,898 | 2,793 | |
| Operating Profit | 183 | 226 | 211 | 186 | 171 | 238 | 284 | 322 | 310 |
| OPM % | 12% | 13% | 13% | 12% | 9% | 9% | 10% | 10% | 10% |
| 22 | 12 | 5 | 24 | 12 | 15 | 24 | 34 | 42 | |
| Interest | 14 | 20 | 20 | 11 | 8 | 11 | 15 | 12 | 12 |
| Depreciation | 41 | 37 | 52 | 52 | 56 | 60 | 57 | 58 | 59 |
| Profit before tax | 150 | 181 | 144 | 147 | 119 | 183 | 235 | 286 | 281 |
| Tax % | 35% | 33% | 18% | 25% | 25% | 26% | 25% | 26% | |
| 98 | 121 | 118 | 111 | 89 | 136 | 176 | 213 | 209 | |
| EPS in Rs | 22.00 | 27.27 | 23.16 | 5.44 | 4.42 | 6.90 | 8.91 | 10.79 | 10.59 |
| Dividend Payout % | 0% | 0% | 2% | 7% | 0% | 0% | 11% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 17% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 34% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 10 | 41 | 40 | 39 | 39 | 39 | 39 |
| Reserves | 342 | 428 | 532 | 609 | 626 | 651 | 826 | 1,018 | 1,096 |
| 168 | 307 | 149 | 54 | 119 | 171 | 75 | 38 | 136 | |
| 255 | 234 | 206 | 246 | 298 | 293 | 375 | 388 | 423 | |
| Total Liabilities | 773 | 977 | 897 | 950 | 1,083 | 1,154 | 1,316 | 1,483 | 1,693 |
| 368 | 560 | 607 | 603 | 663 | 640 | 637 | 691 | 754 | |
| CWIP | 9 | 61 | 16 | 10 | 2 | 7 | 1 | 5 | 2 |
| Investments | 31 | 31 | 39 | 31 | 32 | 44 | 44 | 55 | 0 |
| 365 | 326 | 235 | 306 | 386 | 464 | 635 | 732 | 937 | |
| Total Assets | 773 | 977 | 897 | 950 | 1,083 | 1,154 | 1,316 | 1,483 | 1,693 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 246 | 176 | 247 | 136 | 145 | 152 | 318 | 240 | |
| -173 | -297 | -60 | -6 | -99 | -83 | -196 | -145 | |
| -70 | 119 | -186 | -115 | -63 | -69 | -111 | -90 | |
| Net Cash Flow | 3 | -3 | 2 | 15 | -18 | 0 | 11 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 33 | 16 | 31 | 36 | 30 | 24 | 22 |
| Inventory Days | 31 | 31 | 33 | 41 | 33 | 31 | 30 | 30 |
| Days Payable | 57 | 39 | 34 | 55 | 47 | 35 | 42 | 39 |
| Cash Conversion Cycle | 25 | 26 | 14 | 18 | 22 | 27 | 12 | 13 |
| Working Capital Days | 22 | -2 | -5 | 13 | 5 | 6 | 5 | 6 |
| ROCE % | 31% | 23% | 20% | 17% | 23% | 28% | 29% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Jan - ASK Automotive Q3 & 9M FY26 earnings call on Jan 29, 2026 at 05:00 PM IST.
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Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of Unaudited Financial Results (Both Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended On December 31, 2025.
12 Jan - Board meeting on Jan 28, 2026 to approve Q3 and 9M unaudited results for period ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Closure of Trading Window
25 Dec - Trading window closed from Jan 1, 2026 until 48 hours after unaudited Q3/nine-months Dec 31, 2025 results.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 28 Nov 2025
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
Market Leadership[1] Ask Automotive is the largest manufacturer of brake-shoe and advanced braking (AB) systems for two-wheelers in India. The company had a market share of 50% in FY24 in terms of production volume for OEMs and the branded independent aftermarket (IAM)