ASL Industries Ltd

ASL Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ASL Industries Ltd

₹ 116 -0.04%
01 Jan 2026
aslindustries.in NSE - SME: ASLIND
About

Incorporated in 1992, ASL Industries Ltd manufactures and trades Automobiles parts, Parts of Railway or tramway and other related services including Jobwork[1]

Key Points

Business Overview:[1][2]
Company deals in iron and steel, sheet metal components, forged components, and assemblies and is an authorized sales and service dealer for TML. It is an OEM of sheet metal Pressing & Deep drawing, Machined Assemblies Fabricated Auto Component and forge Products for Railways, Defence, and Automobiles. Company provides one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions

Website NSE - ST
  • Market Cap ₹ 121 Cr.
  • Current Price ₹ 116
  • High / Low ₹ 119 / 29.0
  • Stock P/E 526
  • Book Value ₹ 33.9
  • Dividend Yield 0.00 %
  • ROCE 0.26 %
  • ROE 0.26 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.43 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.00% 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

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

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
8.89 4.53 7.24 3.22 0.95 7.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.98 4.32 8.63 3.47 1.12 7.67 0.21 0.22 0.10 0.49 0.21 0.05 0.08
Operating Profit -1.09 0.21 -1.39 -0.25 -0.17 -0.42 -0.21 -0.22 -0.10 -0.49 -0.21 -0.05 -0.08
OPM % -12.26% 4.64% -19.20% -7.76% -17.89% -5.79%
5.43 -0.22 0.55 2.29 0.92 1.63 1.21 1.40 0.74 0.33 0.36 0.00 0.34
Interest 1.09 0.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.18 0.16 0.13 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 3.07 -0.62 -0.97 1.95 0.75 1.21 1.00 1.18 0.64 -0.16 0.15 -0.05 0.26
Tax % -6.84% 82.26% -27.84% 44.10% 32.00% 15.70% 25.00% 25.42% 25.00% -25.00% 26.67% -60.00% 0.00%
3.27 -1.13 -0.70 1.09 0.51 1.01 0.75 0.88 0.48 -0.12 0.11 -0.03 0.26
EPS in Rs 3.14 -1.08 -0.67 1.05 0.49 0.97 0.72 0.84 0.46 -0.12 0.11 -0.03 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
31.25 44.74 55.66 56.45 70.76 67.27 13.42 10.46 8.15 -0.02 -0.19 0.00 0.00
29.85 41.35 50.06 48.54 67.85 65.38 14.29 12.10 8.74 0.41 0.57 0.27 0.13
Operating Profit 1.40 3.39 5.60 7.91 2.91 1.89 -0.87 -1.64 -0.59 -0.43 -0.76 -0.27 -0.13
OPM % 4.48% 7.58% 10.06% 14.01% 4.11% 2.81% -6.48% -15.68% -7.24%
0.14 0.24 0.29 0.21 0.46 0.16 5.21 2.84 2.55 2.61 1.25 0.36 0.34
Interest 1.48 1.79 2.37 3.73 3.16 2.96 1.55 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 1.17 1.75 2.92 3.40 3.43 3.83 0.35 0.22 0.01 0.01 0.01 0.00 0.00
Profit before tax -1.11 0.09 0.60 0.99 -3.22 -4.74 2.44 0.98 1.95 2.17 0.48 0.09 0.21
Tax % -27.93% 111.11% 20.00% 49.49% -31.06% -28.27% 11.89% 60.20% 22.56% 25.35% 25.00% 11.11%
-0.79 0.00 0.48 0.49 -2.22 -3.40 2.15 0.39 1.51 1.63 0.36 0.09 0.23
EPS in Rs -19.58 0.00 6.30 0.64 -2.13 -3.26 2.06 0.37 1.45 1.56 0.35 0.09 0.22
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: -61%
TTM: 667%
Stock Price CAGR
10 Years: %
5 Years: 48%
3 Years: 62%
1 Year: 262%
Return on Equity
10 Years: -1%
5 Years: 2%
3 Years: 2%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 4.04 7.62 7.62 7.62 10.42 10.42 10.42 10.42 10.42 10.42 10.42 10.42 10.42
Reserves 9.11 17.58 17.98 18.48 23.26 19.75 21.23 21.16 22.67 24.31 24.61 24.62 24.88
12.04 21.36 31.04 33.09 28.42 26.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.11 9.67 10.05 12.10 13.45 7.11 4.55 0.44 0.06 0.37 -0.04 0.10 0.10
Total Liabilities 30.30 56.23 66.69 71.29 75.55 63.30 36.20 32.02 33.15 35.10 34.99 35.14 35.40
17.52 32.98 37.87 37.59 37.93 40.49 2.73 0.03 0.03 0.02 0.02 0.00 0.00
CWIP 0.15 1.66 2.10 5.40 5.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.00 0.00
12.59 21.55 26.68 28.26 31.91 22.77 33.43 31.95 33.08 35.04 34.93 35.14 35.40
Total Assets 30.30 56.23 66.69 71.29 75.55 63.30 36.20 32.02 33.15 35.10 34.99 35.14 35.40

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4.16 -4.26 0.26 13.15 -2.42 4.62 -17.24 -4.25 -0.69 0.36 -0.30 -0.02
-0.45 -18.84 -5.49 -6.44 -3.76 -0.85 42.89 4.13 0.02 0.00 0.00 0.06
-6.10 23.54 5.88 -7.24 5.98 -4.23 -24.96 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -2.39 0.44 0.65 -0.54 -0.20 -0.46 0.68 -0.12 -0.67 0.36 -0.30 0.04

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 11.68 31.74 35.15 36.14 39.41 26.53 97.64 130.86 4.03 -547.50 -38.42
Inventory Days 136.30 131.67 178.21 213.35 172.40 116.14 281.74 0.00 0.00 0.00 0.00
Days Payable 46.50 24.50 76.33 107.36 90.32 43.38 12.20
Cash Conversion Cycle 101.48 138.91 137.03 142.13 121.49 99.29 367.17 130.86 4.03 -547.50 -38.42
Working Capital Days 72.53 -27.33 -5.77 -32.46 -2.48 -23.39 715.04 1,062.20 1,465.82 621,777.50 66,756.58
ROCE % 1.40% 5.24% 6.01% 8.20% -0.35% -2.89% -0.75% -0.09% 6.03% 6.40% 1.38% 0.26%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Actual Production - Press Shop (Sheet Metal)
Metric Tonnes per Annum

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Capacity Utilization - Press Shop (Sheet Metal)
%
Installed Capacity - Press Shop (Sheet Metal)
Metric Tonnes per Annum
Total Permanent Employees (On-roll)
Number
Actual Production - Forging Division
Metric Tonnes per Annum
Capacity Utilization - Forging Division
%
Installed Capacity - Forging Division
Metric Tonnes per Annum
Revenue Concentration - Largest Client (Tata Motors)
%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
70.88% 70.88% 70.89% 71.01% 26.24% 26.24% 26.24% 26.24% 26.24% 0.00% 66.32% 66.32%
29.12% 29.12% 29.10% 28.99% 73.76% 73.76% 73.76% 73.76% 73.77% 100.00% 33.68% 33.68%
No. of Shareholders 123886368949291101105104177174

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