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Automotive Stampings & Assemblies Ltd. (IN:ASAL)
:ASAL
India Market

Automotive Stampings & Assemblies Ltd. (ASAL) AI Stock Analysis

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IN:ASAL

Automotive Stampings & Assemblies Ltd.

(ASAL)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
₹410.00
▼(-13.05% Downside)
Action:ReiteratedDate:04/02/26
The score is primarily constrained by financial risk (high leverage and negative equity) and weak technicals (price below key moving averages and negative MACD). Valuation is not extreme but provides limited support given the P/E and no dividend yield data.
Positive Factors
Recurring OEM supply and value-added assemblies
ASAL's core business is supplying recurring stamped parts and welded sub-assemblies to OEMs and tier‑1s, with potential tooling and development recoveries. This business model creates durable, contract-driven revenue streams and higher switching costs from integrated assembly work.
Negative Factors
High leverage and negative equity
Negative shareholders' equity and a high debt burden materially weaken financial flexibility. This structural leverage raises refinancing and covenant risks, limits capacity to invest in new programs, and increases vulnerability to cyclical OEM slowdowns over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring OEM supply and value-added assemblies
ASAL's core business is supplying recurring stamped parts and welded sub-assemblies to OEMs and tier‑1s, with potential tooling and development recoveries. This business model creates durable, contract-driven revenue streams and higher switching costs from integrated assembly work.
Read all positive factors

Automotive Stampings & Assemblies Ltd. (ASAL) vs. iShares MSCI India ETF (INDA)

Automotive Stampings & Assemblies Ltd. Business Overview & Revenue Model

Company Description
Automotive Stampings and Assemblies Limited designs, develops, manufactures, assembles, and sells sheet metal stampings, welded assemblies, and modules for passenger vehicles, commercial vehicles and tractors in India. The company offers skin pane...
How the Company Makes Money
ASAL makes money primarily by manufacturing and supplying automotive metal stampings and assemblies to customers (typically vehicle OEMs and/or tier-1 suppliers) under purchase orders or supply contracts. Revenue is generated per part shipped, whe...

Automotive Stampings & Assemblies Ltd. Financial Statement Overview

Summary
Mixed operating performance with some margin/EBIT improvement, but materially weighed down by high leverage and negative equity on the balance sheet, plus pressured operating cash flow and recently negative free cash flow.
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue7.71B7.75B8.80B8.28B6.08B3.39B
Gross Profit2.15B2.06B1.89B1.62B1.12B779.46M
EBITDA498.70M483.64M498.03M348.51M781.28M1.20M
Net Income154.36M167.79M201.70M83.25M523.11M-296.99M
Balance Sheet
Total Assets3.01B2.94B2.85B2.26B1.81B1.75B
Cash, Cash Equivalents and Short-Term Investments174.23M44.03M18.80M29.14M35.71M259.00K
Total Debt1.13B1.49B1.05B826.69M819.44M1.59B
Total Liabilities2.85B2.86B2.92B2.53B2.17B2.64B
Stockholders Equity157.73M87.36M-73.70M-273.42M-357.14M-887.21M
Cash Flow
Free Cash Flow399.68M-232.61M184.80M102.80M259.79M30.18M
Operating Cash Flow441.43M-67.19M311.23M249.65M438.24M42.28M
Investing Cash Flow-40.98M-154.97M-124.19M-136.26M912.41M28.83M
Financing Cash Flow-428.78M247.39M-197.38M-119.95M-1.32B-74.95M

Automotive Stampings & Assemblies Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price471.55
Price Trends
50DMA
439.85
Positive
100DMA
463.96
Negative
200DMA
500.01
Negative
Market Momentum
MACD
-6.77
Negative
RSI
57.24
Neutral
STOCH
86.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASAL, the sentiment is Neutral. The current price of 471.55 is above the 20-day moving average (MA) of 415.58, above the 50-day MA of 439.85, and below the 200-day MA of 500.01, indicating a neutral trend. The MACD of -6.77 indicates Negative momentum. The RSI at 57.24 is Neutral, neither overbought nor oversold. The STOCH value of 86.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ASAL.

Automotive Stampings & Assemblies Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
₹8.81B157.480.87%-19.33%-26.30%
58
Neutral
₹17.33B18.471.57%22.67%24.50%
58
Neutral
₹24.48B49.830.13%35.05%99.65%
51
Neutral
₹7.01B25.61-7.98%-25.19%
47
Neutral
₹5.73B204.120.48%4.69%-124.17%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:ASAL
Automotive Stampings & Assemblies Ltd.
442.10
0.55
0.12%
IN:GUJAPOLLO
Gujarat Apollo Industries Limited
441.45
95.68
27.67%
IN:HIRECT
Hind Rectifiers Limited
712.40
266.17
59.65%
IN:INDNIPPON
India Nippon Electricals Limited
766.05
170.94
28.72%
IN:RACLGEAR
RACL Geartech Ltd
1,322.10
587.83
80.06%
IN:STERTOOLS
Sterling Tools Limited
242.30
-42.35
-14.88%

Automotive Stampings & Assemblies Ltd. Corporate Events

Automotive Stampings & Assemblies Publishes Unaudited Q3 and Nine-Month Results in Newspapers
Jan 30, 2026
Automotive Stampings and Assemblies Limited has announced that it has published its unaudited financial results for the quarter and nine months ended 31 December 2025 in leading newspapers Financial Express and Loksatta, in line with securities ma...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 02, 2026