ASK Automotive Ltd

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

ASK Automotive Ltd

₹ 459 -1.30%
07 Nov - close price
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 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)

Website BSE NSE
  • Market Cap ₹ 9,055 Cr.
  • Current Price ₹ 459
  • High / Low ₹ 578 / 333
  • Stock P/E 33.6
  • Book Value ₹ 58.8
  • Dividend Yield 0.33 %
  • ROCE 27.6 %
  • ROE 26.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 18.4% CAGR over last 5 years
  • Debtor days have improved from 25.3 to 19.8 days.

Cons

  • Stock is trading at 7.81 times its book value
  • Company might be capitalizing the interest cost

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
746 637 569 657 794 762 783 862 974 915 850 891 1,054
665 582 521 593 719 682 700 762 857 804 746 772 917
Operating Profit 81 55 48 64 74 80 82 101 117 111 104 120 137
OPM % 11% 9% 8% 10% 9% 11% 11% 12% 12% 12% 12% 13% 13%
3 2 3 3 7 12 4 4 3 5 6 4 7
Interest 3 3 4 4 8 8 8 8 9 8 9 10 12
Depreciation 15 15 15 15 17 18 19 20 22 23 25 26 28
Profit before tax 67 39 32 48 57 66 60 76 89 86 76 87 104
Tax % 27% 25% 29% 27% 28% 24% 20% 25% 25% 23% 24% 24% 23%
49 29 23 35 41 50 48 57 67 66 58 66 80
EPS in Rs 2.47 1.48 1.14 1.77 2.09 2.53 2.42 2.88 3.41 3.34 2.92 3.35 4.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,785 1,645 1,544 2,013 2,555 2,995 3,601 3,710
1,559 1,436 1,362 1,847 2,325 2,694 3,169 3,239
Operating Profit 226 209 182 166 231 301 432 471
OPM % 13% 13% 12% 8% 9% 10% 12% 13%
12 7 24 11 11 27 18 22
Interest 20 20 11 8 11 29 34 39
Depreciation 37 52 52 56 61 69 89 102
Profit before tax 181 144 143 113 170 230 327 353
Tax % 33% 18% 26% 27% 28% 24% 24%
114 107 106 83 123 174 248 269
EPS in Rs 25.58 21.03 5.22 4.11 6.24 8.81 12.56 13.66
Dividend Payout % 0% 2% 0% 0% 0% 11% 12%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 21%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 44%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 24%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 9 10 41 40 39 39 39 39
Reserves 415 509 582 592 604 777 1,004 1,120
307 149 84 175 328 346 412 612
234 206 242 298 310 402 469 549
Total Liabilities 965 874 948 1,106 1,281 1,565 1,924 2,319
560 607 603 738 726 992 1,267 1,421
CWIP 61 16 10 3 118 64 65 163
Investments 19 16 3 0 4 20 37 0
326 235 332 365 433 488 555 736
Total Assets 965 874 948 1,106 1,281 1,565 1,924 2,319

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
176 246 128 144 139 303 360
-297 -58 -6 -80 -161 -278 -339
119 -186 -107 -81 23 -16 -14
Net Cash Flow -3 2 15 -17 1 10 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 16 37 36 30 26 20
Inventory Days 31 33 41 33 31 32 34
Days Payable 39 34 55 47 35 47 47
Cash Conversion Cycle 26 14 24 22 27 11 7
Working Capital Days -2 -5 13 5 4 2 -1
ROCE % 23% 20% 16% 20% 24% 28%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
85.00% 85.00% 85.00% 78.95% 78.95% 78.95% 78.95% 78.95%
4.92% 4.48% 4.91% 9.16% 9.91% 9.94% 10.24% 10.34%
3.83% 4.02% 4.20% 4.51% 4.66% 4.95% 5.00% 4.82%
6.25% 6.51% 5.87% 7.38% 6.47% 6.16% 5.82% 5.87%
No. of Shareholders 91,23888,34976,53281,90785,60081,49278,37684,144

* 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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Documents

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