ASK Automotive Ltd

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

ASK Automotive Ltd

₹ 441 -3.27%
01 Jun - 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 ₹ 8,696 Cr.
  • Current Price ₹ 441
  • High / Low ₹ 578 / 371
  • Stock P/E 29.2
  • Book Value ₹ 66.5
  • Dividend Yield 0.34 %
  • ROCE 25.5 %
  • ROE 25.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 24.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%

Cons

* 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 Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
569 657 794 762 783 862 974 915 850 891 1,054 1,084 1,147
521 593 719 682 700 762 857 804 746 772 917 943 1,015
Operating Profit 48 64 74 80 82 101 117 111 104 120 137 141 132
OPM % 8% 10% 9% 11% 11% 12% 12% 12% 12% 13% 13% 13% 12%
3 3 7 12 4 4 3 5 6 4 7 5 7
Interest 4 4 8 8 8 8 9 8 9 10 12 12 14
Depreciation 15 15 17 18 19 20 22 23 25 26 28 29 31
Profit before tax 32 48 57 66 60 76 89 86 76 87 104 105 95
Tax % 29% 27% 28% 24% 20% 25% 25% 23% 24% 24% 23% 24% 25%
23 35 41 50 48 57 67 66 58 66 80 80 72
EPS in Rs 1.14 1.77 2.09 2.53 2.42 2.88 3.41 3.34 2.92 3.35 4.05 4.05 3.63
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 Mar 2026
1,785 1,645 1,544 2,013 2,555 2,995 3,601 4,176
1,559 1,434 1,358 1,847 2,325 2,694 3,169 3,645
Operating Profit 226 211 186 166 231 301 432 531
OPM % 13% 13% 12% 8% 9% 10% 12% 13%
12 -6 19 11 11 27 18 22
Interest 20 20 11 8 11 29 34 48
Depreciation 37 52 52 56 61 69 89 114
Profit before tax 181 133 143 113 170 230 327 391
Tax % 33% 20% 26% 27% 28% 24% 24% 24%
114 107 106 83 123 174 248 297
EPS in Rs 25.58 21.03 5.22 4.11 6.24 8.81 12.56 15.08
Dividend Payout % 0% 2% 8% 0% 0% 11% 12% 12%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 18%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 34%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 25%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 10 41 40 39 39 39 39
Reserves 415 509 582 592 604 777 1,004 1,272
307 149 54 175 328 346 412 679
234 206 246 298 310 402 469 567
Total Liabilities 965 874 922 1,106 1,281 1,565 1,924 2,557
560 607 603 738 726 992 1,267 1,614
CWIP 61 16 10 3 118 64 65 148
Investments 19 16 3 0 4 20 37 0
326 235 306 365 433 488 555 794
Total Assets 965 874 922 1,106 1,281 1,565 1,924 2,557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
176 247 136 144 139 303 360 301
-297 -60 -6 -80 -161 -278 -339 -479
119 -186 -115 -81 23 -16 -14 171
Net Cash Flow -3 2 15 -17 1 10 8 -7
Free Cash Flow -88 219 104 59 -11 23 30 -175
CFO/OP 98% 132% 91% 105% 79% 122% 100% 71%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 33 16 31 36 30 26 20 26
Inventory Days 31 33 41 33 31 32 34 41
Days Payable 39 34 55 47 35 47 47 49
Cash Conversion Cycle 26 14 18 22 27 11 7 18
Working Capital Days -2 -5 13 5 4 2 -1 2
ROCE % 23% 21% 16% 20% 24% 28% 25%

Insights

In beta
Dec 2013 Dec 2015 Dec 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Manufacturing Facilities
Units

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Renewable Energy (Solar Usage)
kWh millions
Actual Production - Brake Shoes
Million Pcs
Annual Installed Capacity - Aluminium Pressure Die Casting
Tonnes
Annual Installed Capacity - Brake Shoes
Million Pcs
Capacity Utilization - Brake Shoes
%
Market Share in 2W Advanced Braking Systems (India)
%
Actual Production - Aluminium Pressure Die Casting
Tonnes
Authorized Dealers (Independent Aftermarket)
Count
Capacity Utilization - Aluminium Pressure Die Casting
%
Total Renewable Energy Purchased
Million units (kWh)

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Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
85.00% 85.00% 85.00% 78.95% 78.95% 78.95% 78.95% 78.95% 74.95% 74.95%
4.92% 4.48% 4.91% 9.16% 9.91% 9.94% 10.24% 10.34% 9.72% 9.29%
3.83% 4.02% 4.20% 4.51% 4.66% 4.95% 5.00% 4.82% 9.13% 10.25%
6.25% 6.51% 5.87% 7.38% 6.47% 6.16% 5.82% 5.87% 6.20% 5.52%
No. of Shareholders 91,23888,34976,53281,90785,60081,49278,37684,14484,11983,847

* 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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