ASK Automotive Ltd
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.[1]
- Market Cap ₹ 6,067 Cr.
- Current Price ₹ 308
- High / Low ₹ 335 / 240
- Stock P/E 49.4
- Book Value ₹ 36.5
- Dividend Yield 0.00 %
- ROCE 20.3 %
- ROE 19.2 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 8.43 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
1,785 | 1,645 | 1,544 | 2,013 | 2,555 | |
1,559 | 1,436 | 1,362 | 1,847 | 2,325 | |
Operating Profit | 226 | 209 | 182 | 166 | 231 |
OPM % | 13% | 13% | 12% | 8% | 9% |
12 | 7 | 24 | 11 | 11 | |
Interest | 20 | 20 | 11 | 8 | 11 |
Depreciation | 37 | 52 | 52 | 56 | 61 |
Profit before tax | 181 | 144 | 143 | 113 | 170 |
Tax % | 33% | 18% | 26% | 27% | 28% |
114 | 107 | 106 | 83 | 123 | |
EPS in Rs | 25.58 | 21.03 | 5.22 | 4.11 | 6.24 |
Dividend Payout % | 0% | 2% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 5% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 9 | 10 | 41 | 40 | 39 | 39 |
Reserves | 415 | 509 | 582 | 592 | 604 | 680 |
307 | 149 | 84 | 175 | 328 | 438 | |
234 | 206 | 242 | 298 | 310 | 429 | |
Total Liabilities | 965 | 874 | 948 | 1,106 | 1,281 | 1,587 |
560 | 607 | 603 | 738 | 726 | 888 | |
CWIP | 61 | 16 | 10 | 3 | 118 | 108 |
Investments | 19 | 16 | 3 | 0 | 4 | 0 |
326 | 235 | 332 | 365 | 433 | 591 | |
Total Assets | 965 | 874 | 948 | 1,106 | 1,281 | 1,587 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
176 | 246 | 128 | 144 | 139 | |
-297 | -58 | -6 | -80 | -161 | |
119 | -186 | -107 | -81 | 23 | |
Net Cash Flow | -3 | 2 | 15 | -17 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 33 | 16 | 37 | 36 | 30 |
Inventory Days | 31 | 33 | 41 | 33 | 31 |
Days Payable | 39 | 34 | 55 | 47 | 35 |
Cash Conversion Cycle | 26 | 14 | 24 | 22 | 27 |
Working Capital Days | 7 | -3 | 22 | 17 | 20 |
ROCE % | 23% | 20% | 16% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Apr
- Announcement under Regulation 30 (LODR)-Joint Venture 24 Apr
- Board Meeting Outcome for Board Approval To Enter Into Joint Venture 24 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
-
Compliance Certificate Pursuant To Regulation 40(9) Of SEBI (LODR) Regulation, 2015
13 Apr - Certificate from PCS is submitted herewith for the year ended 31-03-2024
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)