ASK Automotive Ltd

ASK Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ASK Automotive Ltd

₹ 296 0.19%
10 May 4:01 p.m.
askbrake.com BSE: 544022 NSE : ASKAUTOLTD
About

Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.[1]

Key Points

Market share[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 FY23 in terms of production volume for OEMs and the branded independent aftermarket (IAM)

Website BSE NSE
  • Market Cap ₹ 5,844 Cr.
  • Current Price ₹ 296
  • High / Low ₹ 335 / 240
  • Stock P/E 43.0
  • Book Value ₹ 39.2
  • Dividend Yield 0.00 %
  • ROCE 23.5 %
  • ROE 20.1 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 7.55 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.45% of profits over last 3 years

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
746 637 655 789 741
662 580 592 714 666
Operating Profit 84 57 63 75 75
OPM % 11% 9% 10% 9% 10%
4 3 3 8 5
Interest 3 3 4 4 4
Depreciation 15 15 14 14 14
Profit before tax 70 42 48 64 62
Tax % 26% 23% 27% 25% 25%
52 33 35 48 46
EPS in Rs 2.65 1.65 1.79 2.43 2.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,578 1,785 1,645 1,544 2,013 2,555
1,395 1,559 1,434 1,358 1,842 2,317
Operating Profit 183 226 211 186 171 239
OPM % 12% 13% 13% 12% 9% 9%
22 12 5 24 12 15
Interest 14 20 20 11 8 11
Depreciation 41 37 52 52 56 60
Profit before tax 150 181 144 147 119 183
Tax % 35% 33% 18% 25% 25% 26%
98 121 118 111 89 136
EPS in Rs 22.00 27.27 23.16 5.44 4.42 6.90
Dividend Payout % 0% 0% 2% 7% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 16%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 5%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 17%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 10 41 40 39 39
Reserves 342 428 532 609 626 651 734
168 307 149 54 119 171 183
255 234 206 246 298 293 403
Total Liabilities 773 977 897 950 1,083 1,154 1,359
368 560 607 603 663 640 690
CWIP 9 61 16 10 2 7 2
Investments 31 31 39 31 32 44 0
365 326 235 306 386 464 667
Total Assets 773 977 897 950 1,083 1,154 1,359

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
246 176 247 136 145 152
-173 -297 -60 -6 -99 -83
-70 119 -186 -115 -63 -69
Net Cash Flow 3 -3 2 15 -18 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 50 33 16 31 36 30
Inventory Days 31 31 33 41 33 31
Days Payable 57 39 34 55 47 35
Cash Conversion Cycle 25 26 14 18 22 27
Working Capital Days 22 7 -3 13 16 21
ROCE % 31% 23% 20% 17% 24%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024
85.00% 85.00%
4.92% 4.48%
3.83% 4.02%
6.25% 6.51%
No. of Shareholders 91,23888,349

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings