ASK Automotive Ltd

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

ASK Automotive Ltd

₹ 435 4.41%
18 Nov 2:39 p.m.
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 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)

Website BSE NSE
  • Market Cap ₹ 8,568 Cr.
  • Current Price ₹ 435
  • High / Low ₹ 485 / 240
  • Stock P/E 42.0
  • Book Value ₹ 48.6
  • Dividend Yield 0.24 %
  • ROCE 27.8 %
  • ROE 22.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 8.94 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

Part of Nifty Total Market Nifty Microcap 250 BSE Allcap BSE IPO BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
746 637 569 655 789 741 741 787 884
662 580 520 592 714 666 671 704 796
Operating Profit 84 57 49 63 75 75 70 83 88
OPM % 11% 9% 9% 10% 9% 10% 9% 10% 10%
4 3 4 3 8 5 8 7 8
Interest 3 3 4 4 4 4 3 3 3
Depreciation 15 15 15 14 14 14 14 14 14
Profit before tax 70 42 35 48 64 62 62 72 78
Tax % 26% 23% 27% 27% 25% 25% 25% 26% 25%
52 33 25 35 48 46 46 54 58
EPS in Rs 2.65 1.65 1.29 1.79 2.43 2.35 2.33 2.74 2.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,578 1,785 1,645 1,544 2,013 2,555 2,926 3,153
1,395 1,559 1,434 1,358 1,842 2,317 2,643 2,838
Operating Profit 183 226 211 186 171 238 284 316
OPM % 12% 13% 13% 12% 9% 9% 10% 10%
22 12 5 24 12 15 24 28
Interest 14 20 20 11 8 11 15 13
Depreciation 41 37 52 52 56 60 57 57
Profit before tax 150 181 144 147 119 183 235 274
Tax % 35% 33% 18% 25% 25% 26% 25%
98 121 118 111 89 136 176 204
EPS in Rs 22.00 27.27 23.16 5.44 4.42 6.90 8.91 10.36
Dividend Payout % 0% 0% 2% 7% 0% 0% 11%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 24%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 21%
TTM: 45%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 34%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 10 41 40 39 39 39
Reserves 342 428 532 609 626 651 826 918
168 307 149 54 119 171 75 49
255 234 206 246 298 293 375 477
Total Liabilities 773 977 897 950 1,083 1,154 1,316 1,484
368 560 607 603 663 640 637 686
CWIP 9 61 16 10 2 7 1 49
Investments 31 31 39 31 32 44 44 0
365 326 235 306 386 464 635 749
Total Assets 773 977 897 950 1,083 1,154 1,316 1,484

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
246 176 247 136 145 152 318
-173 -297 -60 -6 -99 -83 -196
-70 119 -186 -115 -63 -69 -111
Net Cash Flow 3 -3 2 15 -18 0 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 50 33 16 31 36 30 24
Inventory Days 31 31 33 41 33 31 30
Days Payable 57 39 34 55 47 35 42
Cash Conversion Cycle 25 26 14 18 22 27 12
Working Capital Days 22 7 -3 13 16 21 8
ROCE % 31% 23% 20% 17% 23% 28%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024
85.00% 85.00% 85.00% 78.95%
4.92% 4.48% 4.91% 9.16%
3.83% 4.02% 4.20% 4.51%
6.25% 6.51% 5.87% 7.38%
No. of Shareholders 91,23888,34976,53281,907

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls