ASK Automotive Ltd

ASK Automotive Ltd

₹ 365 -3.29%
19 Jul 4:01 p.m.
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)

  • Market Cap 7,198 Cr.
  • Current Price 365
  • High / Low 406 / 240
  • Stock P/E 41.4
  • Book Value 41.4
  • Dividend Yield 0.28 %
  • ROCE 24.2 %
  • ROE 23.8 %
  • Face Value 2.00

Pros

  • Company's working capital requirements have reduced from 16.2 days to 11.8 days

Cons

  • Stock is trading at 8.81 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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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
746 637 569 657 794 762 783
665 582 521 593 719 682 700
Operating Profit 81 55 48 64 74 80 82
OPM % 11% 9% 8% 10% 9% 11% 11%
3 2 3 3 7 12 4
Interest 3 3 4 4 8 8 8
Depreciation 15 15 15 15 17 18 19
Profit before tax 67 39 32 48 57 66 60
Tax % 27% 25% 29% 27% 28% 24% 20%
49 29 23 35 41 50 48
EPS in Rs 2.47 1.48 1.14 1.77 2.09 2.53 2.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,785 1,645 1,544 2,013 2,555 2,995
1,559 1,436 1,362 1,847 2,325 2,694
Operating Profit 226 209 182 166 231 301
OPM % 13% 13% 12% 8% 9% 10%
12 7 24 11 11 27
Interest 20 20 11 8 11 29
Depreciation 37 52 52 56 61 69
Profit before tax 181 144 143 113 170 230
Tax % 33% 18% 26% 27% 28% 24%
114 107 106 83 123 174
EPS in Rs 25.58 21.03 5.22 4.11 6.24 8.81
Dividend Payout % 0% 2% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 25%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 23%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 10 41 40 39 39
Reserves 415 509 582 592 604 777
307 149 84 175 328 346
234 206 242 298 310 406
Total Liabilities 965 874 948 1,106 1,281 1,568
560 607 603 738 726 1,013
CWIP 61 16 10 3 118 64
Investments 19 16 3 0 4 0
326 235 332 365 433 492
Total Assets 965 874 948 1,106 1,281 1,568

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 33 16 37 36 30 26
Inventory Days 31 33 41 33 31 32
Days Payable 39 34 55 47 35 44
Cash Conversion Cycle 26 14 24 22 27 13
Working Capital Days 7 -3 22 17 20 12
ROCE % 23% 20% 16% 20% 24%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024
85.00% 85.00% 85.00%
4.92% 4.48% 4.91%
3.83% 4.02% 4.20%
6.25% 6.51% 5.87%
No. of Shareholders 91,23888,34976,532

* 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