SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ASK Automotive Ltd (ASKAUTOLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544022 NSE: ASKAUTOLTD Auto Ancillary | Small Cap | ASK Automotive Share Price

₹464.90 3.30 (0.71%)

As on 25-Jun'26 16:59

ASK Automotive Ltd (ASKAUTOLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544022 NSE: ASKAUTOLTD Auto Ancillary | Small Cap | ASK Automotive Share Price

₹464.90 3.30 (0.71%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,165 Cr.
Current Price
₹464.9
52-Week Low / High
₹371 / 578
TTM EPS
₹11.7
TTM Sales
₹3,305 Cr.
Book Value per Share
₹63.8
P/E Ratio
39.92
In line with its 5-year historical median
Industry PE
45.3
Price to Book (P/B)
7.29
Lower than its 5-year historical median
Price to Sales (P/S)
2.77
In line with its 5-year historical median
EV/EBITDA
24.32
In line with its 5-year historical median
Dividend Yield
0.32%
Profitability Efficiency
Return on Equity (ROE)
22.12%
Outperforms industry median
Return on Capital Employed (ROCE)
29.51%
Outperforms industry median
Return on Assets (ROA)
14.49%
Operating Profit Margin
9.9%
Net Profit Margin
6.61%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.02%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.41%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
21.1%
Asset Quality
Promoter Holding
74.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,218 Cr.
Equity
₹39.4 Cr.
Face Value
₹2
All Time Low / High
₹240.70 / 578.00

ASK Automotive stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is ASK Automotive Ltd a good quality company?
ASK Automotive Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does ASK Automotive Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ASK Automotive Ltd vs industry peers?
ASK Automotive Ltd revenue CAGR is 14.38%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of ASK Automotive Ltd?
Promoters hold 74.95% of the ASK Automotive Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of ASK Automotive Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 1.24% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ASK Automotive Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.6%19.5%31.1%31.9%22.9%22.7%17.2%23.8%27.9%29.5%-
Value Creation
Index
0.50.41.31.40.70.70.30.81.11.2-

Growth Parameters

Sales 8791,0041,5781,7851,6451,5442,0132,5552,9263,2203,305
Sales YoY Gr.-14.2%57.2%13.2%-7.9%-6.1%30.4%26.9%14.5%10%-
Adj EPS 2.82.95.26.45.84.94.46.88.910.711.7
YoY Gr.-3.9%77.1%24.1%-9.6%-16.7%-10.3%56.1%30.5%21%-
BVPS (₹) 17.82119.724.626.73233.13543.953.663.8
Adj Net
Profit
50.252.292.411511898.887.4134175211230
Cash Flow from Ops. 14483.6246176247136145152318240-
Debt/CF from Ops. 0.920.71.70.60.40.71.10.20.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.5%14.4%16.9%10%
Adj EPS 16%13%35.1%21%
BVPS13.1%15%17.4%22.1%
Share Price - - - -11.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.215.125.529.124.216.613.319.722.42219.8
Op. Profit
Mgn %
12.511.811.912.212.711.88.49.29.59.910.1
Net Profit
Mgn %
5.75.25.96.47.26.44.35.266.67
Debt to
Equity
0.40.40.50.70.30.10.20.20.100
Working Cap
Days
10397736469848273748229
Cash Conv.
Cycle
293126251915192217124

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8791,0041,5781,7851,6451,5442,0132,5552,9263,220
Operating Expenses + 7698851,3921,5681,4391,3611,8442,3222,6492,902
Manufacturing Costs79171239243233218279334400396
Material Costs5385969981,1641,0419981,3931,7822,0152,257
Employee Cost 10586106116120102123139157167
Other Costs 46324844454349667683
Operating Profit 110118186218206183169234277317
Operating Profit Margin (%) 12.5%11.8%11.8%12.2%12.5%11.8%8.4%9.1%9.5%9.9%
Other Income + 181121102714203039
Exceptional Items -2080000000
Interest 1515142020118111512
Depreciation 25314137525256605758
Profit Before Tax 6880150181144147119183235286
Tax 20275260263730476073
Profit After Tax 49549812111811189136176213
PAT Margin (%) 5.6%5.4%6.2%6.8%7.2%7.2%4.4%5.3%6.0%6.6%
Adjusted EPS (₹)2.83.05.56.85.85.44.46.98.910.8
Dividend Payout Ratio (%)0%0%0%0%1.70%7.40%0%0%11.20%13.90%

Valuation of ASK Automotive - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3163743504375426506666918661,057
Share Capital 0099104140393939
Reserves 3163733424285326096266518261,018
Debt +1021251462389943871495510
Long Term Debt465088195874347635410
Short Term Debt56755844130408610
Minority Interest0000000000
Trade Payables559315612398149179171234243
Others Liabilities 142107121179280219293192224245
Total Liabilities 6156997739771,0191,0611,2251,2031,3791,556

Fixed Assets

Net Fixed Assets +301327368560607603663640637691
Gross Block3843574386627607949109329611,066
Accumulated Depreciation833170103152191246292325375
CWIP 92196116102715
Investments 22333131393132444455
Inventories5569869993113124153164186
Trade Receivables10215321816372133201211196193
Cash Equivalents 2252419111316
Others Assets 125955762188153201148325410
Total Assets 6156997739771,0191,0611,2251,2031,3791,556

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 14484246176247136145152318240
PBT 7080150181144147119183235286
Adjustment 57424548704255615443
Changes in Working Capital 32-21110-763-201-4791-16
Tax Paid -15-17-60-46-30-34-30-44-62-74
Cash Flow From Investing Activity + -82-68-173-297-60-6-99-83-196-145
Capex -83-70-43-264-29-33-80-42-54-80
Net Investments 0140-1125-1-130-11
Others 11-133-34-202-19-29-142-55
Cash Flow From Financing Activity + -61-15-70119-186-115-63-69-111-90
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2740-47-72-126-831113-4-52
Interest Paid -13-14-16-20-21-11-8-11-15-12
Dividend Paid 0000-2-2000-20
Others -21-41-7211-37-19-66-71-92-7
Net Cash Flow 003-3215-180114

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.7715.5927.0230.8124.0718.5613.4920.0522.5722.12
ROCE (%)19.6319.4531.0931.922.8522.6817.2423.8427.8729.51
Asset Turnover Ratio1.691.722.212.061.681.521.792.132.32.23
PAT to CFO Conversion(x)2.941.562.511.452.091.231.631.121.811.13
Working Capital Days
Receivable Days36.804141.5038.6025.6023.6029.9029.102521.70
Inventory Days18.902017.4018.8020.9023.7021.2019.6019.5019.60
Payable Days37.8045.5045.5043.8038.7045.204335.8036.7038.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

ASK Automotive Ltd FAQs

The current trading price of ASK Automotive on 25-Jun-2026 16:59 is ₹464.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Jun-2026 the market cap of ASK Automotive stood at ₹9,165.2 Cr

The latest P/E ratio of ASK Automotive as of 24-Jun-2026 is 39.92.

The latest P/B ratio of ASK Automotive as of 24-Jun-2026 is 7.29.

The 52-week high of ASK Automotive is ₹578.0 and the 52-week low is ₹371.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ASK Automotive is ₹3,305 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ASK Automotive Ltd is a good quality company.

The key valuation ratios of ASK Automotive Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ASK Automotive Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About ASK Automotive Ltd

ASK Automotive stands as India’s leading manufacturer of two-wheeler Advanced Braking Systems. The company has showcased engineering excellence for over three decades. The company commands around 50% of the Indian two-wheeler Advanced Braking Systems market, including brake shoes, disc brake pads and brake panel assemblies. The company holds a prominent position as a manufacturer of Aluminium Lightweighting Precision Solutions for automotive and nonautomotive industries. It has the integrated capabilities of die-casting, critical machining, paint finishing and critical assembly. These enable the company to supply powertrain-agnostic products to automobile Original Equipment Manufacturers (OEMs). 

Further, the Company is increasing its focus on the electric vehicle sector. In the Safety Control Cable segment, by adopting best-in-class technologies and constant upgrades, the company has been able to establish a network of many dealers in India. The company offers a range of control cables, such as front and rear brake cables, throttle cables and speedometer cables. In addition, it offers seat lock, fuel lid, temperature controller and choke cables through its joint venture company. These products cater to the 2Ws OEMs.

The company has strategically located state-of-the-art manufacturing facilities in close proximity to the OEMs. This helps in ensuring timely delivery, offering better economies of scale to customers and gaining logistical advantage. The company ensures that the manufacturing facilities are accredited on quality and safety with world-class certifications like IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and OHSAS 18001:2007.

Business area of the company

The company is engaged in the business of manufacturing and sale of auto components including advanced braking systems, aluminium lightweighting precision solutions and safety control cables primarily for automobile industry and substantial sale of the products is within India. The company exports to OEMs in non-automotive sectors.

Product offerings

For 2 Wheelers

  • Crank Case
  • Engine Cover
  • Cylinder block
  • Pillion Grip
  • Hub

For 4 Wheelers

  • ECU Body
  • Upper and lower case
  • Body throttle
  • Filter housing
  • ASM Cover engine inter MAG

For Electric Vehicles

  • HU base
  • Battery Pack Housing
  • Electric Motor Housing
  • Intermediate pulley

For Exports

  • Base Adapter
  • Demolition Hammer
  • Hub
  • Ignition Cover
  • Cover Valve

Key awards, accreditations and recognition

  • 2004: Award for Challenge India Support (Chassis Group) from Honda Motorcycle and Scooter India Private Limited.
  • 2005: Award for Development – Motorcycle Parts (Engine) Best & Fastest Development Award from Honda Motorcycle and Scooter India Private Limited.
  • 2006: Achievement Award for achieving the Quality & Delivery Targets for the year 2005-06 from Honda Motorcycle and Scooter India Private Limited at 7th Supplier Convention.
  • 2009: Award for Proprietary from Honda Motorcycle and Scooter India Private Limited.
  • 2010: New Product Development Support award from Denso Haryana Private Limited at Business Partners’ Meet 2009-10.
  • 2011: Award for Delivery and Management Quality from Honda Motorcycle and Scooter India Private Limited.
  • 2012: Vendor Performance Award in the field of quality from SUZUKI Motorcycle India Private Limited at the Annual Vendor Conference, SUZUKI Motorcycle India Private Limited.
  • 2013: Award for Business Expansion Support Supplier from Honda Motorcycle and Scooter India Private Limited.
  • 2015: Award for Delivery Management from Honda Motorcycle and Scooter India Private Limited at Supplier Conference.
  • 2015: Award for Cost Competitiveness from Honda Motorcycle and Scooter India Private Limited.
  • 2016: Award for Outstanding Performance in Development Support from Denso Haryana Private Limited at business partners meet 2016.
  • 2016: Quality Award “Gold” from Bajaj Auto Limited.
  • 2017: Delivery Management from Honda Motorcycle and Scooter India Private Limited.
  • 2018: Supplier Award for Superior Performance in Working Capital from Stanley Black & Decker Reynosa Plant.
  • 2019: Award for Delivery Management from Honda Motorcycle and Scooter India Private Limited at Supplier Convention.
  • 2020: Award for Delivery Management from Honda Motorcycle and Scooter India Private Limited at Supplier Convention.
  • 2020: Obtained ISO 45001:2018 certification for occupational health and safety management system maintained at ur facility, ASK-3/
  • 2020: Obtained ISO 45001:2018 certification for occupational health and safety management system maintained at facility, ASK-7.
  • 2021: Award for Special Support from Denso Haryana Private Limited at Business Partners’ Meet 2020-21.
  • 2021: Award for Delivery Management from Honda Motorcycle and Scooter India Private Limited at Supplier Convention.
  • 2021: Obtained ISO 45001:2018 certification for occupational health and safety management system maintained at facility, ASK-12.
  • 2021: Obtained ISO 45001:2018 certification for occupational health and safety management system maintained at facility, ASK-17.
  • 2022: Award for Delivery Management from Honda Motorcycle and Scooter India Private Limited at Annual Supplier Conference.
  • 2022: Award for Best Quality Performance” from Stanley Black & Decker.
  • 2023: Obtained ISO 45001:2018 certification for occupational health and safety management system maintained at facility, ASK-8.
  • 2023: Obtained ISO 14001:2015 certification for environmental management system maintained at facility, ASK-8.
  • 2023: Award for “Best Environment in Premises (Runner-up)” at the Haryana State Safety and Welfare and Health Awards.
  • 2023: Award for “Lowest Accident Frequency Rate” at the Haryana State Safety and Welfare and Health Awards.
  • 2025: Best managed companies 2025 Award by Deloitte.

Major events and milestones:

  • 1989: Commenced manufacturing activities at manufacturing facility, ASK-1 situated in Gurugram, Haryana, India.
  • 1989: Entered into the OEM market for AB systems with brake shoes.
  • 2001: Commenced manufacturing activities at manufacturing facility, ASK-2 situated in Gurugram, Haryana, India.
  • 2004: Commenced manufacturing activities at manufacturing facility, ASK-3 situated in IMT Manesar, Gurugram, Haryana, India.
  • 2004: Entered into the OEM market for ALP with panel assembly for front brake.
  • 2006: Commenced State of the Art In House Tool Room
  • 2007: Commenced State of the Art In House Design Centre
  • 2009: Commenced manufacturing activities at manufacturing facility, ASK-4 situated in IMT Manesar, Gurugram, Haryana, India.
  • 2010: Commenced manufacturing activities at manufacturing facility, ASK-5 situated in IMT Manesar, Gurugram, Haryana, India.
  • 2012: Commenced manufacturing activities at manufacturing facility, ASK-7 situated in IMT Manesar, Gurugram, Haryana, India.
  • 2013: Commenced manufacturing activities at manufacturing facility, ASK-8 situated in Narsapur Industrial Area, Bengaluru, Karnataka, India.
  • 2014: Commenced manufacturing activities at manufacturing facility, ASK-10 situated in IMT Manesar, Gurugram, Haryana, India.
  • 2015: Commenced manufacturing activities at manufacturing facility, ASK-11 situated in Vasna Chhaniyar Detroj, Ahmedabad, Gujarat, India.
  • 2015: Entered into the aftermarket for safety control cables and others with clutch cables, front brake cables, throttle cables and speedometer cables.
  • 2016: Entered into a Technical Collaboration with HSH Safety Control Cable Ind. Co. Ltd., Taiwan, a Safety Control Cable manufacturer serving automobile OEMs globally
  • 2016: Entered into a Technical Collaboration with NUCAP, Canada, a global player in patented retention systems (mechanical bonding) for disc brake pads in the two-wheeler, passenger vehicle and commercial vehicle sectors
  • 2017: Entered into a joint venture with Fras-Le S.A., Brazil and incorporated the Joint Venture, ASK FrasLe Friction Private Limited.
  • 2018: Entered into a business purchase agreement with Aman Rathee and AK Auto Industries pursuant to which ASK-14 was transferred to the company by AK Auto Industries.
  • 2018: Entered into a business purchase agreement with Prashant Rathee and APK Automotive pursuant to which ASK-15 was transferred to the company by APK Automotive.
  • 2019: Commenced manufacturing activities at manufacturing facility, ASK-12 situated in IMT Manesar, Gurugram Haryana, India.
  • 2019: Entered into the composite scheme of amalgamation and demerger between A.A. Autotech Private Limited and Vijaylaxmi Infra Projects Private Limited pursuant to which manufacturing facilities ASK-16 and ASK-17, both situated in IMT Manesar, Gurugram, Haryana, India were transferred to the company from A.A. Autotech Private Limited.
  • 2021: Incorporated wholly-owned Subsidiary, ASK Automobiles Private Limited as a private limited company under the Companies Act, 2013.
  • 2023: Commenced Mega Manufacturing facility at Karoli, Rajasthan
  • 2023: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.
  • 2024: Entered into a Technical Collaboration with LIOHO, TAIWAN, a leading player in HPDC Alloy Wheel.
  • 2024: Entered a joint venture with AISIN Asia (Thailand) Company Limited, Thailand and AISIN Automotive Haryana Private Limited, India, for marketing and selling in Independent After Market (IAM) parts for passenger cars products through a joint venture company, which is yet to be incorporated.
  • 2025: Technical collaboration with Kyushu Yanagawa Seiki, Co., Ltd.,(KYSK) Japan, a leading supplier of motorcycle wheels and aluminium die-cast technology.
  • 2025: Commenced 18th Manufacturing facility at Bengaluru, Karnataka.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: